A company’s year-end balance in accounts receivable is $2,400,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $40,000. An aging of accounts receivable at the end of the year indicates a required allowance of $48,000. If bad debt expense for the year was $50,000, what was the amount of bad debts written off during the year?

The owner of a local coffee shop would be considered an entrepreneur. Hence, option B is correct.

What is meant by entrepreneur?

Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and getting the majority of the rewards. Starting a business is a practice of entrepreneurship.

The entrepreneur is generally regarded as an inventor who develops novel ideas for goods, services, companies, and operating procedures. Several well-known businesspeople include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington, and Caterina Fake.

Some kinds of entrepreneur are -

   Small Businesses Entrepreneurship.

   Scalable Start-up Entrepreneurship.

   Social Entrepreneurship.

   Large Company Entrepreneurship.

Thus, option B is correct.

For more details about entrepreneur, click here:

brainly.com/question/13897585

#SPJ2

Answer:

I think its B

Explanation:

Because you own your own place

Answer:

The correct answer is "a"

Explanation:

Outsourcing value chain activities has such strategy-executing advantages as less internal bureaucracy, speedier decision-making, quicker responses to changing market conditions, and heightened focus on performing a select few value chain activities (which can improve performance of those activities).

Outsourcing is a business method in which a company contracts an outside supplier to obtain goods and services. To reduce possible internal bureaucracy.

Answer:

correct option is a. average total cost and average fixed cost.

Explanation:

given data

license fee  = $1,000 per year

solution

we know that cost curves shift will be express as when the increase in the price of factor of production increase cost and shift cost curves upward

so cost curves shift by the average total cost and the average fixed cost

so here correct option is a. average total cost and average fixed cost.

Final answer:

The government's $1,000 license fee increases both the average total cost and average fixed cost, but does not affect marginal cost. The average fixed cost curve shows the effect of spreading the overhead, meaning as more output is produced, the fixed cost per unit decreases.

Explanation:

The government imposes a $1,000 per year license fee on all pizza restaurants. This fee is a fixed cost, which means it doesn't change with the level of output produced. It will affect the restaurant's total costs, but not the costs associated with producing one more unit, or the marginal cost. Therefore, the cost curves that will shift are the average total cost and the average fixed cost.

A common name for fixed cost is "overhead." If you divide the fixed cost by the quantity of output produced, you get the average fixed cost. With a supposed fixed cost of $1,000, the average fixed cost curve would start from the intercept at $1,000 on the vertical axis (when output is zero), and it would decrease as the quantity of output increases, which represents the "spreading the overhead." This means that as you produce more, the fixed cost is spread over more units, and therefore the cost per unit decreases.

Answer:

Option D

All of the above

Explanation:

Price elasticity of demand is given as

Price elasticity of demand = % change in quantity demanded/ % change in price.

Change in quantity demanded will definitely lead to an increase in total revenue. Hence the formula can be revised to become:

Change in quantity demanded = Price elasticity of demand X % Change in price

Option A : If Price elasticity of demand is 1.2 and the price of the good decreases.

This will cause an increase in total revenue since we will be dividing by a reducing denominator

Option B: price elasticity of demand is 3.0 and the price of the good decreases:

This will cause an increase in total revenue since we will be dividing by a reducing denominator

Option C: price elasticity of demand is 0.5 and the price of the good increases:

This is a case of inelastic demand since price elasticity is < 1. In inelastic demand, the price of the good does not affect the change in demand significantly. This is the case of essential goods. Hence, the total revenue will still increase.

Answer:

A. price elasticity of demand is 1.2 and the price of the good decreases

Explanation:

Price elasticity of demand refers to the relationship change that occurs in the price for goods and the quantity demanded, the relationship change have an impact the business total revenue.

Revenue is the amount of money a business firm make from the sales of goods and services, it is the total number of units sold multiplied by the price per unit, and as the price or the quantity sold changes, the revenue also changes. Total revenue is the amount or price of an item multiplied by the number of units sold.

When demand is elastic at a given price level, the firm cut its price, this is because the percentage decrease in price will result in an even larger percentage increase in the quantity sold, therefore raising the total revenue.

Changes that are occurs are:

if the Price elasticity of demand is inelastic i.e less than 1 and a firm increases its price, the total revenue increases.

if the Price elasticity of demand is elastic i.e greater than 1 and a firm decreses its price, the  total revenue increases.

if the Price elasticity of demand  is elastic i.e greater than 1, and a firm increases its price,  the total revenue decreases.