At the end of January, the unadjusted trial balance of Windsor, Inc. included the following accounts: DEBIT CREDIT Sales (80% of this is credit sales) $500,000 Accounts Receivable $340,000 Allowance for Doubtful Accounts $800 Answer the following 2 questions: 1) Windsor uses the balance sheet approach in estimating uncollectible accounts expense, and aging the accounts receivable indicates the estimated uncollectible portion to be $7,400. What is the amount of uncollectible accounts expense recognized in Windsor's income statement for January

Answers

Answer 1

Answer:

$6,600

Explanation:

Calculation to determine What is the amount of uncollectible accounts expense recognized in Windsor's income statement for January

Using this formula

Uncollectible accounts expense=estimated uncollectible portion-Allowance for Doubtful Accounts

Let plug in the formula

Uncollectible accounts expense=$7400-$800

Uncollectible accounts expense=$6,600

Therefore the amount of uncollectible accounts expense recognized in Windsor's income statement for January is $6,600


Related Questions

When President Obama was president he had discussed raising income taxes for individuals earning over $250,000 in income. Explain how these higher income taxes will affect the aggregate demand curve. What variables cause the short-run aggregate supply curve to shift

Answers

Answer:

A) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B)

i) Change in input price

ii) Change in production cost

iii) Increase in labor supply or increase in capital stocks

Explanation:

A) Effects of higher income taxes on aggregate demand curve

i) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B) The factors that will cause the short-run aggregate supply curve to shift

a) Change in input price

b) Change in production cost

c) Increase in labor supply or increase in capital stocks

urrent Attempt in Progress Wildhorse Chemicals management identified the following cash flows as significant in its year-end meeting with analysts: During the year Wildhorse had repaid existing debt of $317,900 and raised additional debt capital of $645,200. It also repurchased stock in the open market for a total of $44,750. What is the net cash provided by financing activities

Answers

Answer:

$282,550

Explanation:

Calculation to determine the net cash provided by financing activities

Using this formula

Net cash provided by financing activities= Additional debt capital -Repaid existing debt- Repurchased stock

Let plug in the formula

Net cash provided by financing activities=$645,200-$317,900-$44,750

Net cash provided by financing activities=$282,550

Therefore the net cash provided by financing activities is $282,550

As Laura checks items off her meeting agenda and various individuals provide input and insight, she beams at her team. She is so proud of the work they do at her clinic every day. They have always been a very high performing team, and for that, she has always been thankful.
Select the statement that is true about high performing teams.
a) High performing teams are able to come up with more rapid solutions and have increased productivity.
b) High performing teams never face obstacles.
c) High performing teams should only have about 4-6 members.
d) High performing teams are most effective when all members share the same skills and experience.

Answers

Answer: a) High performing teams are able to come up with more rapid solutions and have increased productivity.

Explanation:

A high performing team is as the term implies, one that is productive. To be productive one has to be able to come up with solutions to problems as fast as possible and implement those solutions so as to continue or even increase production.

A high performing team is one that would do the above. Laura's team provides inputs and insights which means they come up with solutions and they also show up to work every day to be productive. They are indeed a high performing team.

Oregon Forest Products will acquire new equipment that falls under the five-year MACRS category. The cost is $500,000. If the equipment is purchased, the following earnings before depreciation and taxes will be generated for the next six years. Use Table and calculate your final answer using the formula and financial calculator methods.
Earnings before Depreciation
Year 1 $160,000
Year 2 215,000
Year 3 125,000
Year 4 89,000
Year 5 78,000
Year 6 44,000
The firm is in a 20 percent tax bracket and has a 12 percent cost of capital. Calculate the net present value.

Answers

Explanation:

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Answer:

to the end of the sixth year;

b/ The number of years required before the capital stock exceeds $200 000.

State and explain types of economies?

Answers

The different kinds of economic systems are Market Economy, Planned Economy, Centrally Planned Economy, Socialist, and Communist Economies. All these are characterized by the ownership of the economics resources and the allocation of the same.

Answer:

There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two. Individuals and businesses make their own economic decisions.The way scarce resources get distributed within an economy determines the type of economic system. There are four different types of Economic Systems; a traditional economy, a market economy, a command economy, and a mixed economy. Each type of economy has its own strengths and weaknesses.Apr 20, 2020

what the term economic environment means​

Answers

Answer:

gracias por los puntosdssss

Answer:

All external economic factors that influence consumers(buyer) and businesses, affect the performance of companies.

Explanation:

Rosalia White will invest $3,000 in an IRA for the next 30 years starting at the end of this year. The investment will earn 13 percent annually. How much will she have at the end of 30 years

Answers

Answer:

$879,597.65  

Explanation:

The future value of an ordinary annuity formula is applicable in this case, since an ordinary annuity is such that payments into the accounts are expected to occur at the end of the periods rather than at the beginning of each year:

FV=yearly payment*(1+r)^n-1/r

yearly payment=$3,000

r=13%

n=number of annual payments =30

FV=$3000*(1+13%)^30-1/13%

FV=$3000*(1.13)^30-1/0.13

FV=$3000*(39.11589796-1)/0.13

FV=$3000*38.11589796/0.13

FV=$879,597.65  

Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $11 million. Bowen owes his local bank $9 million. Last year Bowen sold $10 million worth of cotton. His variable operating costs were $8 million; accounting depreciation was $40,000, although the actual decline in value of Bowen's machinery was $60,000 last year. Bowen paid himself a salary of $50,000, which is not considered part of his variable operating costs. Interest on his bank loan was $400,000. If Bowen worked for another farmer or a local manufacturer, his annual income would be about $30,000. Bowen can invest any funds that would be derived if the farm were sold to earn 10% annually. (Ignore taxes.)

Required:
a. What is Bowen's accounting profit?
b. What is Bowen's economic profit?

Answers

Answer:

A. $1,510,000

B. -$10,000

Explanation:

a. Calculation to determine Bowen’s Accounting profits

Using this formula

Accounting profits = Total revenue - Explicit cost

Let plug in the formula

Accounting profit = $10 million - $8 million - $40,000 - $400,000 - $50,000

Accounting profit= $1,510,000

Therefore Bowen’s Accounting profits is $1,510,000

b. Calculation to determine Bowen’s Economic profit

Using this formula

Economic profits = Accounting profit - Implicit cost

Let plug in the formula

Economic profits = $1,510,000 - [($11,000,000*0.1) + $30,000 + ($60,000 - $40,000)]

Economic profits =$1,510,000 - [$1,100,000+ $30,000 + $60,000 - $40,000)]

Economic profits =$1,510,000-$1,150,000

Economic profits =-$10,000

Therefore Bowen’s Economic profit is -$10,000

What is divisional structure in organization?​

Answers

Explanation:

The divisional structure is a type of organizational structure that groups each organizational function into a division. ... Each division contains all the necessary resources and functions within it to support that product line or geography (for example, its own finance, IT, and marketing departments)

Answer:

The divisional structure is a type of organizational structure that groups each organizational function into a division. ... Each division contains all the necessary resources and functions within it to support that product line or geography (for example, its own finance, IT, and marketing departments).

The San Pedro Company forecasts that total overhead for the current year will be $10,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $8,000,000 and the actual machine hours are 100,000 hours. If the company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate

Answers

Answer:

the  overhead rate is $50 per machine hour

Explanation:

The computation of the overhead rate is shown below:

Predetermined overhead rate

= Estimated total Overhead ÷ Estimated total machine hour

= $10,000,000 ÷ 200,000 hours

= $50 per machine hour

hence, the  overhead rate is $50 per machine hour

The same should be considered and relevant

20 points to the best one !!

Answers

Answer:

The answer is "Knowledge discovery & predictions category or anomalous detention assessment or Data mining".

Explanation:

Regression is a type of analysis in which some parameters' relationships are determined by the values of other variables, whereas departure detection is a type of analysis wherein the goal is to find changes in data from previously observed values. Enigma detaining analysis, often known as knowledge discovery analysis, is a sort for anomaly incarceration analysis, while regression is classed as a forecast.

The balance sheet for Dresser Corporation at December 31, 2020, showed the following subtotals: Current liabilities 145,000 Property, plant and equipment 190,000 Total stockholders’ equity 290,000 Retained earnings 150,000 Total liabilities 220,000 Other long-term assets 150,000 Based on the above data, calculate the following amounts : 1. Current assets 2. Long-term liabilities 3. Contributed capital 4. Total liabilities and stockholders’ equity"

Answers

Answer and Explanation:

The computation is shown below;

1. The current asset is

= Total stockholder equity + total liabilities -  Property, plant and equipment  - Other long-term assets

= $290,000 + $220,000 - $190,000 - $150,000

= $170,000

2. The long term liabilities is

Total liabilities = current liabilities + long term liabilities

$220,000 = $145,000 + long term liabilities

SO, the long term liabilities is

= $220,000 - $145,000

= $75,000

3. The contributed capital is

Total stockholder equity = contributed capital + retained earnings

$290,000 = contributed capital = $150,000

So, the contributed capital is

= $290,000 - $150,000

= $140,000

4. Total liabilities and stockholders’ equity is

= total liabilities + stockholder equity

= $220,000 + $290,000

= $510,000

Q1. What is recruitment? Explain 5 commonly used recruitment sources companies’ use?

Answers

Answer:

The top five most popular recruitment sources used by employers include (indicated by percentage of employers): General online job boards and websites (89%) Employee referrals (81%) Staffing agency or third-party recruiter (58%)

Explanation:

choose me to brainlist

Assume that Germany and China can produce beer and cloth. If the MPLc/MPLb for Germany is 2/5 and the MPLc/MPLb for China is 1, then Germany should: _______

Answers

Answer: c. specialize in producing beer and export beer.

Explanation:

As per the Theory of Competitive Advantage posited by David Ricardo, a country should specialize in the good that it has a competitive advantage in. A country has a competitive advantage if it incurs a less opportunity cost in producing the good.

Opportunity cost of producing beer for Germany = MPLc/MPLb = 2/5

Opportunity cost of producing beer for China = MPLc/MPLb = 1

Germany has a lower cost of producing beer so they should specialize in this and export it.

Suppose the population of a country is 1.1 million and the labor force is 800,000. 760,000 are employed. Assume that full-employment occurs at a 4 percent unemployment rate at a real GDP level of $100 billion. Based on the information above, what is the unemployment rate

Answers

Answer: 5%

Explanation:

Unemployment rate = Number unemployed / Labor force * 100%

The number of people who are unemployed are:

= Labor force - Employed people

= 800,000 - 760,000

= 40,000 people

Unemployment rate = 40,000 / 800,000 * 100%

= 5%

Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
Actual costs 1,550 lbs. at $9.10
Standard costs 1,600 lbs. at $9.00
Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance. Enter favorable variances as negative numbers.
a. Quantity variance $______
b. Price variance $______
c. Total direct materials cost variance

Answers

Answer and Explanation:

The computation is shown below;

a.

Materials quantity variance is

= (Actual quantity used × Standard price) - (Standard quantity allowed × Standard Price)]

= (1550 × 9.00) - (1600 × 9.00)

= $(450.00)

= $450 favorable

b.

Direct materials price variance is  

Materials Price Variance = (Actual quantity purchased × Actual price) - (Actual quantity purchased × Standard price)

= (1550  × 9.10) - (1550 ×$9.00)

= $155

= $155 unfavorable

c.  

Total direct materials cost variance is

= Materials quantity variance + Direct materials price variance

= -$450 + $155

= -$295

= $295 Favorable

hãy lựa chọn 1 công ty sử dụng dịch vụ nghiên cứu của marketing của các nhà cung cấp bên ngoài.
1. tìm hiểu lý do công ty phải thuê ngoài
2. những tổ chức nào đã cung cấp dịch vụ marketing cho công ty?
3. công ty thuê một phần hay thuê toàn bộ các hoạt động nghiên cứu marketing

Answers

Answer:

may I know which language

A tractor acquired at a cost of $420,000 has an estimated residual value of $30,000, has an estimated useful life of 25,000 hours, and was operated 1,850 hours during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost $fill in the blank 1 (b) The depreciation rate $fill in the blank 2 per hour (c) The units-of-output depreciation for the year

Answers

Answer:

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Answer:

Currently, the income statement for company reflects a total period cost for depreciation of $7,876,000

Which of the following is not a traditional training method?
A) classroom lectures B) experiential exercises C) videoconferencing D) workbooks

Answers

B) Experimental Exercises

Congratulations! Today is your 20th birthday, but you are starting with nothing in the bank. You just started working full-time, earning $50,000 per year. Your goal is to have $5 million by your 60th birthday (i.e., 40 years from today). Your employer offers a 401(k) plan (contributions by you are tax deductible, growth is tax deferred), and within that plan you choose to invest in an extreme low-cost S&P 500 index mutual fund (like ones offered by Schwab, Fidelity, Vanguard, etc.). The long-term expected return on the S&P 500 index mutual fund is 10% per year. Your employer pays you monthly.

Required:
a. Ignoring taxes, if the employer offers no match on your contributions, how much would you need to save every month to reach your goal?
b. Ignoring taxes, if the employer offers a 10% match on your contributions, how much would you need to save every month on top of your match to reach your goal?
c. Assume your Federal marginal tax rate is 24% and State marginal tax rate is 6%. What is the answer to question (b) on an after-tax basis (i.e., how much do you have to contribute every month after the employer match and net of tax savings)?

Answers

Answer:

A) $790.63

B) $718.75

C) $503.13

Explanation:

a. Interest rate = 10%, monthly rate = 10%/12 = 0.10/12

Number of years = 60-20 = 40 years = 40*12 = 480 months

Goal = FV = 5,000,000

The monthly savings needed if employers offers no match =PMT(rate,nper,pv,fv) =PMT(0.10/12,480,0,5000000)

= $790.63

b. If employer offers a 10% match.

Then monthly savings needed

= 790.63/1.10

= 718.75

Monthly savings needed with 10% match by employer

= $718.75

c. Tax savings are 24%+6% = 30%.

So on the contribution of 718.75, you save a 30% tax. So. tax savings = 718.75*0.30 = $ 215.63

So, monthly contribution taking into account tax savings and employer match

= 718.75 -215.62

= $503.13

Assume you are Andy Pforzheimer, owner of Barcelona Restaurants, and you are involved in intense conflict with one of your restaurant managers. You realize that the conflict has escalated to the point at which it is no longer functional conflict and you wish to de-escalate it. Which of the following actions should you avoid to help de-escalate the conflict?

a. Stay focused on issues, not emotions
b. Communicate hostility verbally or through body language
c. Reject all requests from the Start
d. Raise your voice to get attention about important points

Answers

Answer:

Barcelona Restaurants

Actions to avoid to help de-escalate non-functional conflicts are:

b. Communicate hostility verbally or through body language

c. Reject all requests from the Start

d. Raise your voice to get attention about important points

Explanation:

While functional conflicts are viewed as positive and beneficial to an organization because of the role they play to improve performance, therefore, efforts should be made to de-escalate non-functional workplace conflicts.  The efforts should hover around adapting effective communication skills, avoiding immediate reactions, and setting appropriate parameters for acceptable conflicts.

$100 compounded annually for two years at 3% interest would provide the investor with how much of a return?

a). $6.09

b). $3.03

c). $6.00

d). $3.00

e). None of these

Answers

i think the answer is B

Materials Variances North Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $1.50 per pound. During September 5,000 pounds of raw materials costing $1.75 per pound were used in making 2,400 weather vanes. Determine the materials price and quantity variance

Answers

Answer:

Material price variance = 1250

Quantity variance = 300

Explanation:

Actual price of raw material = $1.75

Standard price = $1.50

Actual quantity = $5000

Material price variance = [Actual price - Standard price] x Actual quantity

Material price variance = [1.75 - 1.50] x 5000

Material price variance = 1250

Quantity variance = [Actual quantity - Standard quantity] x Standard price

Quantity variance = [5000 - 2400 x 2] x 1.50

Quantity variance = 300

Answer:

Material price variance $1,250

Material quantity variance $300

Explanation:

Calculation to determine the materials price and quantity variance

MATERIAL PRICE VARIANCE

Using this formula

Material price variance=(AP-SP)*AQ

Let plug in the formula

Material price variance=($1.75-$1.50)*5,000

Material price variance=$0.25*5,000

Material price variance=$1,250

Therefore Material price variance is $1,250

MATERIAL QUANTITY VARIANCE

Using this formula

Material quantity variance=(AQ-SQ)*SP

Let plug in the formula

Material quantity variance=(5,000-2*2,400)*$1.50

Material quantity variance=(5,000-4,800)*$1.50

Material quantity variance=200*$1.50

Material quantity variance=$300

Therefore Material quantity variance is $300

Discuss FOUR ways in which SAA could benefit from proper long-term planning.

Answers

Answer:

Explanation:

Planning is a core and fundamental step which should be done before embarking in a process, business or task. It could be used to project a short or long term engagement or task.

The benefits of long term planning could include :

Business having a long term plan shows a proactive sense of approach, that is it shows that the business has a blue print, a target and a defined goal which is being laid down in sequence, this ensures that they will have very few chances of making rash decisions due to market fluctuation or growth as d they are less proned to having a reactive agenda.

Similarly, With a laid down long term plan, this shows that there is a guide, a path, a set and defined target which the company aims to achieve with patience and tact. Thus ensures that the business has a well defined direction.

Also, It improves efficiency, the fact that developments to be made at each point or time has long been defined, then there is a dequate preparedness towards such target which in turn improves.

Long term strategic planning will ultimately lead to company's growth and drive profit due to sustained existence in the market and well guided and structure long term planning , leading to increased popularity and revenue drive.

For a given single sum invested at 8% for four years, how will the future value be affected if the compounding period is changed from quarterly to annually?

Answers

Answer:

Future Value will increase

Explanation:

Future Value = Present Value (PV)*(1 + i)^n

Let Amount  be $10,000

Interest = 12% compounded annually

Period = 4

Future Value = $10,000 * (1 + 12%)^4

Future Value = $15,735.19

Let Amount  be $10,000

Interest = 12% compounded quarterly

Period = 4 (4*4)

Future Value = $10,000*(1 + 3%)^16

Future Value = $16,047.06

Conclusion: The future value will increase.

Donna Clark has $15,000 that she can deposit into a savings account for five years. Bank A compounds interest annually, Bank B twice a year, and Bank C quarterly. Each bank has a stated interest rate of 5 percent. What account balance would Donna have at the end of the fifth year if she left all the interest paid on the deposit in each bank

Answers

Answer:

$19,144.22

$19,201.27

$19,230.56

Explanation:

The formula for calculating future value:

FV = P (1 + r) n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

Bank A = 15,000(1.05)^5 = $19,144.22

Bank B = 15,000(1.05/2)^10 = $19,201.27

Bank C = 15,000(1.05/4)^20 = $19,230.56

giá trị của hàng hóa được quyết định bởi đâu?

Answers

Answer:

Giá trị của hàng hóa được quyết định bởi: ► Lao động của người sản xuất hàng hóa kết tinh trong hàng hóa. ► Sự hao phí sức óc, bắp thịt, thần kinh của con người. ☺ Lao động trừu tượng của người sản xuất hàng hóa kết tinh trong hàng hóa. ► Quan hệ cung cầu về hàng hóa ở trên thị trường.

Explanation:

The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service:

Projected sales $24 million
Operating costs (not including depreciation) $7 million
Depreciation $4 million
Interest expense $3 million

The company faces a 40% tax rate. What is the project's operating cash flow for the first year (t=1)?

Answers

Answer:

$11.8 million

Explanation:

Particulars                             Amount

Sales                                      $24 million

Less: Operating costs           $7 million

Less: Depreciation                $4 million

EBIT                                        $13 million

Less: Tx at 40% on EBIT       $5.2 million

Net income before interest  $7.8 million

Add: Depreciation                 $4 million

Operating cash flow             $11.8 million

Erica Shotwell's company pays her $18.92 per hour for regular time up to 40 hours, and time-and-a-half for overtime. Her time card for Monday through Friday last week had 8.3 8.8, 7.9, 9.4, and 10.6 hours. What was Erica's gross pay?

Answers

Answer:

Erica Shotwell's Company

Erica's gross pay for working 45 hours during the last week is:

= $898.70

Explanation:

a) Data and Calculations:

Regular pay per hour = $18.92

Overtime pay per hour = $28.38 ($18.92 * 1.5)

Week Day        Hours worked

Monday                      8.3

Tuesday                     8.8

Wednesday               7.9

Thursday                   9.4  

Friday                       10.6

Total hours worked 45

Regular pay = 40 * $18.92 =         $756.80

Overtime pay = 5 * $28.38 =            141.90

Erica's gross pay for the week = $898.70

we flew to ___Dublin Airport in ___ Ireland. correct determiners​

Answers

Answer:

we flew to the Dublin Airport in the Ireland

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