The great baseball player ty cobb was known for being very thrifty. near the end of his life he was interviewed by a reporter who was surprised to find that cobb used candles, rather than electricity, to light his home. from ty cobb's point of view, was the local electric company a monopoly? for cobb, the local electric company

a. was a monopoly because it produced only one good.
b. was not a monopoly because it earned no economic profit.
c. was a monopoly because it was the only source of electricity.
d. was not a monopoly because candles were a good substitute for electricity.
e. was a monopoly because it charged high prices for electricity.

Dollywood corporation accumulates the following data concerning a mixed cost, using miles as the activity level. miles driven total cost january 10,000 $16,500 february 8,000 $14,500 march 9,000 $12,500 april 7,000 $12,000 compute the variable and fixed cost elements using the high-low method

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?

Explain the chemical change the causes corrosion