Answer: See explanation
Explanation:
Firstly, we need to calculate the amount of bad debt. This will be:
= Credit sales × Bad debt expense
= $1900000 × 2%
= $38000
Also, the adjusted balance of allowance account will be the addition of the uadjusted balance of Allowance account and the bad debt expense which will be:
= $21,400 + $38000
= $59,400.00
Then, the balance sheet will be:
Accounts receivables = $300,000
Less: Allowance for Doubtful Accounts = $59,400
Net Realizable value of Accounts receivables = $240,600
Five Card Draw manufactures and sells 24,000 units of Diamonds, which retails for $180, and 27,000 units of Clubs, which retails for $190. The direct materials cost is $25 per unit of Diamonds and $30 per unit of Clubs. The labor rate is $25 per hour, and Five Card Draw estimated 180,00 direct labor hours. It takes 3 direct labor hours to manufacture Diamonds and 4 hours for Clubs. The total estimated overhead is $720,000. Five Card Draw uses the traditional allocation method based on direct labor hours.
Question Completion:
Find the gross profits for Diamonds and Cards
Find the total gross profit
Answer:
Five Card Draw
Diamonds Clubs Total
Gross profit $1,632,000 $1,188,000 $2,820,000
Explanation:
a) Data and Calculations:
Diamonds Clubs Total
Units manufactured and sold 24,000 27,000 51,000
Retail price $180 $190
Sales revenue $4,320,000 $5,130,000 $9,450,000
Direct materials cost per unit $25 $30
Labor rate = $25 per hour
Direct labor hours per unit 3 4
Total direct labor hours 72,000 108,000 180,000
Estimated overhead = $720,000
Predetermined overhead rate = $4 ($720,000/180,000) per DLH
Overhead allocation $288,000 $432,000 $720,000
Total direct materials costs $600,000 $810,000 $1,410,000
Total direct labor costs $1,800,000 $2,700,000 $4,500,000
Total costs of production $2,688,000 $3,942,000 $6,630,000
Income Statement:
Diamonds Clubs Total
Sales revenue $4,320,000 $5,130,000 $9,450,000
Total costs of production $2,688,000 $3,942,000 $6,630,000
Gross profit $1,632,000 $1,188,000 $2,820,000
Day 2 still: Put whatever you want you deserve a break from answering or asking questions :D
thank you very much kind person :-)
Answer
Anybody else lokey failing lol
Explanation:
Is financial analyst hard to study?
Financial analysts are reimbursed well. The median pay in 2010 was more than $74,000 annually, according to the most recent figures released by the U.S. Bureau of Labor Statistics. ... Working as a financial analyst is an extremely stressful career, defined by long work hours and high pressure levels.
It may be hard but not IMPOSSIBLE!
Best wishes! :)
Alicia is conducting research on consumer behavior. The study requires her to note the number of people who shop at Fresnas Mart, a grocery store, in the afternoons during weekdays. She also needs to pay attention to the customers' preferred brands, the customer service, and the arrangement of items in the store. She needs to conduct the study without interacting with the customers so that she does not influence their behavior and choices. In this scenario, Alicia is conducting a(n) _____.
Answer:
Observational study.
Explanation:
In Statistics, sampling can be defined as a process used to collect or select data (objects, observations, or individuals) from a larger statistical population using specific procedures.
There are various types of sampling used by researchers and these are;
1. Random sampling.
2. Systematic sampling.
3. Stratified sampling.
4. Cluster sampling.
5. Opportunity or convenience sampling.
An observational study can be defined as a type of study in which a researcher observes and measures the effect of a diagnostic test, risk factors, or treatments on individuals without intervening, changing or manipulating who are or aren't exposed to it (controlled conditions).
In this scenario, Alicia is conducting an observational study because the study was required to be conducted without interacting with the customers so as to avoid influencing their behavior and choices.
Economists assume we are all making the most reasonable decisions with our resources, but how do you explain people paying $40,000 for a "Hermes Birkin Bag" or $2000 for "Kanye West's Sneakers"?
Several months ago, a restaurant developed a new appetizer that is a hit with customers. Many customers go to the restaurant just for the appetizer, and it was at the center of a recent highly positive review by a food critic. Preparation involves common ingredients and average culinary skills but requires a very high oven temperature, which significantly increases utility costs. Several competing restaurants have since added their own version of the appetizer to their menu. Which criterion for assessing capabilities/core competencies is met
Answer:
????? is this a question ????????????????????
Explanation:
15 POINTS
Talk about the different features of a modern day check and its built in security against fraud
Answer:
(hope help you keep smiling in lovely life )
What do you think you'd like best about working as a hospitality manager?
Answer:
Personally, what I would like best as working as a hospitality manager is to make sure everything is running smoothly, and that I get to make my guests feel welcome in my establishment. Whether it be race, religion, sex, or place of origin I would want all my guests to have a warm, comfortable stay. Like a home away from home
Explanation:
QUESTION: Identify an example of the change in relative prices of two products.
pls help T o T
Answer: First lets start off with relative change. Relative changes shows the change of a value of an indicator in the first period and in percentage terms, ext. Relative change is calculated by subtracting the value of the indicator in the first period from the value of the indicator in the second period which is then divided by the value of the indicator in the first period and the result is taken out in percentage terms. The formula for relative change is very simple, and it is derived by initially deducting the initial value of the variable from the final value, then dividing the result by the initial value, and then finally multiplying by 100% to express in terms of percentage. Also
Explanation:
A small example in relative prices is In apple season, apples cost half as much as oranges. In orange season, oranges cost half as much as apples. Also to understand better, either market forces or government intervention, the relative price of goods and services does impact the allocation of resources used to produce these goods and services. A relative price is the price of one good compared to another. Resource allocation addresses how land, capital, and labor are spent in the production of goods and services. Since we went over that relative price is the price of something compared to something else. In other words, it is the ratio of two prices. Completely logical people will make purchasing decisions by considering the relative prices of their options. We can conclude that gas is $2.76 compared to the $3.02 of diesel . Now the gas is $0.26 cents cheaper than diesel. This is caused by the price to refine diesel compared to gas. Now that we have two simple example to show the basis of relative prices, you can clearly see the mean and definition of relative prices through the examples shown!
Se venció una letra de cambio por $2,000 hace tres meses y se cobra el 1% mensual más IVA (16%) de intereses. Cual es el ajuste
Answer:
ajuste por moras e intereses = $23.20
valro de la letra de cambio = $2,000
total $2,023.20
Explanation:
el interes real que se cobra por mes = 1% x (1 + 16%) = 1.16%
el valor total de los intereses cobrados mas la letra inicial = $2,000 x (1 + 1.16%)³ = $2,000 x 1.016³ = $2,023.20
ajuste por moras e intereses = $23.20
valro de la letra de cambio = $2,000
total $2,023.20
If there is initially an Group of answer choices excess supply of money, the interest rate will fall, and if there is initially an excess demand, it will rise. excess demand for money, the interest rate will fall, and the supply of money it will rise. excess supply of money, the interest rate will rise, and if there is also an excess demand, it will rise rapidly. excess supply of money, the interest rate will fall, and if there is also an excess demand, it will fall rapidly. excess supply of money, the interest rate will rise, and if there is initially an excess demand, it will fall.
Answer:
excess supply of money, the interest rate will fall, and if there is initially an excess demand, it will rise.
Explanation:
When there is an excess supply of money, there would be an increase in the demand for bonds. This would lead to a rise in the price of bonds and a decrease in the interest rate
When there is an excess demand for money, there would be a decrease in the demand for bond. This would lead to a reduction in the price of bond and an increase in the interest rate
Heightened Homes is a real estate firm based in Texas. The company ensures that employees' pay is dependent on what they are capable of doing. The company also supports efforts to empower its employees by encouraging them to be independent and to make decisions in various areas. This, in turn, ensures job enrichment. Based on this information, identify the pay structure being utilized by Heightened Homes. Select one: a. straight piecework plan b. skill-based pay systems c. merit pay system d. differential piece rates e. standard hour plan
Answer: skill-based pay systems
Explanation:
f the Federal Reserve wants to close an inflationary gap, then it will: A. increase the money supply, increase the interest rate, thus increasing investment spending and GDP, and the AD curve will shift to the right. B. decrease the money supply, increase the interest rate, thus lowering investment spending and GDP, and the AD curve will shift to the right. C. decrease the money supply, increase the interest rate, thus lowering investment spending and GDP, and the AD curve will shift to the left. D. decrease the money supply, decrease the interest rate, thus lowering investment spending and increasing GDP, and the SRAS curve will shift to the right. E. increase the money supply, decrease the interest rate, thus lowering investment spending and increasing GDP, and the SRAS curve will shift to the left.
Answer:
C. decrease the money supply, increase the interest rate, thus lowering investment spending and GDP, and the AD curve will shift to the left.
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
An inflationary gap, also known as the expansionary gap in economics is used to measure the difference between the gross domestic product (GDP) and the current level of real Gross Domestic Products that exists when a country's economy is guaged at a full employment rate. This eventually causes the price of goods and services to go up with a low income level.
Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.
Hence, if the Federal Reserve wants to close an inflationary gap, then it will decrease the money supply, increase the interest rate, thus lowering investment spending and gross domestic product (GDP), and the aggregate demand (AD) curve will shift to the left.
Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic competency?
A personal competency is something you are born with, whereas an academic competency is something a teacher gives you
A personal competency is something warned from schooling, while an academic competency is something learned through reading
A personal competency is a skill that is part of your character or personality, whereas an academic competency is generally learned through schooling
A personal competency is something that you cannot develop, whereas an academic competency is something that you can learn
Answer:
c
Explanation:
lololololoolololololol
Date
Page
2
2) Marketing is meeting
needs
profitably!
Comment
Answer:
markeing
Explanation:
communication skills, credentials, honesty
bought a computer for ra 25000
double column cash book with discount and cash column
Answer:
Explanation:
41,900
June 01 Balance b/d 16,300
Answer:
41,900
June 01 Balance b/d 16,300
Explanation:
What is 35% off $116.09?
Answer:
it is 75.40 hope this helps
Explanation:
DUE TODAY PLEASE HELP T^T
After you complete your self-assessment, you should compare it with a description of your career choice.
False
True
Answer:
i think its true
Explanation:
Answer:
Probably True.
After you complete a self-assessment you should compare it with a description of your career choice. This could be helpful,
I am working on a new app what should i do should i call it, its a app to make new friends and not be lonely
Answer:
oh i will be your friend
Explanation:
PLEASE!! can someone send me an unused rbx gift card for 10 points
Answer:
RIKABRM8MPUF929FJC
Explanation:
The process involved in bringing oil to world markets can take years. Substitutes for oil-based products such as gasoline are limited. As a result Group of answer choices the supply of oil and the demand for oil are both perfectly elastic over short periods of time. the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time. the supply of oil and the demand for oil shift to the right over short periods of time. the supply of oil is very elastic and the demand for oil is very elastic over short periods of time.
Answer:
the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
The process involved in bringing oil to world markets can take years. Substitutes for oil-based products such as gasoline are limited. As a result, the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.
What is a tagline?
(Principles Of Business Management)
Answer:
Explanation:
A tagline is a short phrase used in marketing campaigns of a business to sum up the value of a brand or its products and create a positive brand impression.
Lisa Campos was interested in buying a coffee pot to use at college and a cassette player for her sister's birthday present. At the local discount store, she compared prices on coffee pots and chose the cheapest. She read the product information on each cassette player and finally chose one with stereo headphones and a rechargeable battery. For Lisa, the coffee pot was a. a convenience product, but the cassette player was a specialty product b. a heterogeneous shopping product, but the cassette player was a staple c. an impulse product, but the cassette player was a convenience product d. a specialty product, but the cassette player was a heterogeneous shopping product e. a homogeneous shopping product, but the cassette player was a heterogeneous shopping product
Answer:
e. a homogeneous shopping product, but the cassette player was a heterogeneous shopping product.
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
At the local discount store, Lisa compared prices on coffee pots and chose the cheapest. She read the product information on each cassette player and finally chose one with stereo headphones and a rechargeable battery. For Lisa, the coffee pot was a homogeneous shopping product, but the cassette player was a heterogeneous shopping product.
Homogeneous shopping products can be defined as products that have similar level of quality but with differing attributes such as brand image, price or production style.
On the other hand, heterogeneous shopping products can be defined as products that have different level of quality and their price is less important to consumers.
Besides the full scale, the number of basic scales used in dimensioning plans and drawings is _______.
Answer:
10.
Explanation:
In Engineering, it is a standard and common practice to use drawings and models in the design and development of buildings, tools or systems that are being used for proffering solutions to specific problems in different fields such as banks, medicine, telecommunications and industries.
Hence, an architect or design engineer make use of drawings such as pictorial drawings, sketches, or architectural (technical) drawing to communicate ideas about a plan (design) to others, record and retain informations (ideas) so that they're not forgotten and analyze how different components of a plan (design) work together.
Architectural drawing is mainly implemented with computer-aided design (CAD) software and it's typically used in plans and blueprints that illustrates how to construct a building or an object.
Besides the full scale, the number of basic scales used in dimensioning plans and drawings is 10.
The time attendance system in the production division at MM, an automobile manufacturing company, was malfunctioning. Consequently, Greg Hill, one of the front-level managers, sent it for repair. In the meantime, he placed a register where all workers of the production division had to provide their time of entry and exit from office. At the end of the week, when looking through the time logs, he had certain concerns about a group of employees. In the next week, he personally tracked the time this group of employees spent working and realized that they were reporting a greater number of working hours than they actually worked. This group engaged in a barrier to communication called _
A(n) -Select- is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There are four main types reflecting who the issuers are: -Select- , corporate, state and local government, and foreign. Each type differs with respect to -Select- and expected return. All have some common characteristics even though they may have different contractual features.
Answer:
Bond; treasury; degree of risk.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
A bond is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There are four main types reflecting who the issuers are: treasury, corporate, state and local government, and foreign. Each type differs with respect to degree of risk and expected return. All have some common characteristics even though they may have different contractual features.
Paying Your Taxes Reading Quiz
QUESTION 2 of 10: If you want to reduce the amount you pay in taxes each year:
O a) You should work less hours
b) Start contributing to an individual retirement account
O c) Don't claim any earnings
O d) All the above
Submit
©2021 Knowledge Matters, Inc
Answer:
b
Explanation:
If you want to reduce the amount you pay in taxes each year, then Start contributing to an individual retirement account
If you want to reduce the amount you pay in taxes each year, there are several strategies you can consider. One option is to start contributing to an individual retirement account (IRA). By contributing to an IRA, you may be able to deduct the amount of your contributions from your taxable income, thereby reducing your overall tax liability. Another strategy is to work fewer hours, as your income will be lower and may result in a lower tax obligation.
However, reducing your work hours may also affect your overall income and financial goals, so it's important to consider the trade-offs. Lastly, not claiming any earnings would not be a practical or legal solution, as the tax authorities require accurate reporting of income. In conclusion, the best approach to reducing your tax payments would be to start contributing to an individual retirement account (IRA).
So, the correct answer: b) Start contributing to an individual retirement account
To know more about tax here
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(ASAP NEED THIS NOW!)
Which was the first home entertainment technology to disrupt the movie industry?
A. Radios
B. Cable Television
C. Livestreaming
D. Video Cassette Recorders
Answer:
B. Cable Television
Explanation:
I'm pretty sure its right sorry if its not
Answer:
A
Explanation:
I thing A aaaaaaaaaaaaaa
What's the answer I need help ASAP!!
Answer:
B
Explanation:
Novak Corp. Has accounts receivable of $90,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,284 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of uncollectibles are as shown below.
Answer:
Allowance for doubtful accounts balance as at March 31st 2022 is $10,056.
Explanation:
Novak Corp. already have a balance of $2,284 in allowance for doubtful account.
The increase in allowance for doubtful account is calculated as follows.
$61,700 * 2% = $1,234
$12,600 * 5% = $630
$9,200 * 28% = $2,576
$6,800 * 49% = $3,332
Total = $7,772
$7,772 + $2,284 = $10,056