Answer and Explanation:
Penelope Hassey has to assume that the total sale of the firm is $100 and given that the Profit Margin ratio is 19%.
The scenario shows that on every $100 of sale company get a net profit margin of $19
Note :
Profit margin = Net sales × Profit margin ration
Profit margin = $100 × 19%
Profit margin = $19
Answer:
A). Decrease the money supply so interest rates rise.
Explanation:
This could be explained simply because change in money supply results in changes in price levels and/or a change in supply of goods and services. An increase in money supply results in a decrease in the value of money because an increase in money supply causes a rise in inflation. As inflation rises, the purchasing power, or the value of money, decreases.
A change in interest rates is one way to make that correspondence happen. A fall in interest rates increases the amount of money people wish to hold, while a rise in interest rates decreases that amount. A change in prices is another way to make the money supply equal the amount demanded.
I would say this could be a kind of statute of limitations whereby the potential for illness would only figure into the decision in the case of Alice and her present and past medical condition and not extend to her family propensities.
Answer:
bad debt expense 18,000
Explanation:
bad debt 1% of credit sales:
180,000 x 1% = 18,000
When the adjustment is made base on sales, the current balance in the allowance for doubtful debts is irrelevant.
So no calculation is needed for those.
