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3 years ago

Option A: You could receive $10,000 today.

2 answers:

8 0

Answer: it is B because if got 15,000 in five years you might spend it all in one day on some big thing Same with 10,000 so get the 3,000 a year for 4 years and you should budget the money

Explanation:

Jobisdone [24]3 years ago

7 0

Answer:

it is b

Explanation:

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The Manda Panda Company uses the allowance method to account for bad debts. At the beginning of 2018, the allowance account had

muminat

Answer:

1. Does this situation describe a loss contingency?

Yes, the situation reflect the necessity of report a loss contingency because the it's needed to cover the 3% of Allowance for Uncollectible Accounts

2. What is the bad debt expense that Manda Panda should report in its 2018 income statement? $11.325

3. Prepare the appropriate journal entry to record the contingency.

Please see explanation section.

4. Complete the table below to calculate the net realizable value Manda Panda should report in its 2018 balance sheet?

Explanation:

The entry to reflect the bad expenses of the contingency:

Bad debt expense $ 11.325

Allowance for Uncollectible Accounts $ 11.325

Net Realizable Value is:

Accounts Receivable $ 507.500

Allowance for Uncollectible Accounts $ 15.225

Net Realizable Value $ 492.275

Initial Balance

Accounts Receivable $ 507.500 End 2018

Allowance for Uncollectible Accounts - $ 92.400 Beginning 2018

Entry when $88,500 in receivables were determined to be uncollectible.

Allowance for Uncollectible Accounts $ 88.500

Accounts Receivable $ 88.500

(Keep in mind that the balance of Acc Rec is at the end of 2018, so this entry had already been registered.)

New Balance

Accounts Receivable $ 507.500 End 2018

Allowance for Uncollectible Accounts $ 3.900 End 2018

Bad debt expense $ 11.325 to complete the 3%

Allowance for Uncollectible Accounts $ 11.325

New Balance

Accounts Receivable $ 507.500

Allowance for Uncollectible Accounts $ 15.225 3%

Net Realizable Value $ 492.275

5 0

3 years ago

Name 2 of the 10 School Based Enterprise instructional Units

mars1129 [50]

Answer:

1. Financial Analysis

2. Marketing-Information Management

Explanation:

A school-based enterprise often referred to as SBE is an entrepreneurial undertaking in a school setting that participates in goods/services delivery to address the needs of the market.

SBEs are organized and regulated by students as practical learning laboratories that incorporate National Curriculum Standards in various departments such as marketing, finance, hospitality or management.

Hence, the full 10 School Based Enterprise instructional Units are the following:

1. Financial Analysis

2. Marketing-Information Management

3. Operations

4. Market Planning

5. Product/Service Management

6. Pricing

7. Distribution/Channel Management

8. Promotion

9. Selling

10. Human Resources Management

7 0

4 years ago

A process of making decisions by constructing simplified models that extract the essential features from problems without captur

zvonat [6]

Answer:

Bounded rationality.

Explanation:

This is explained to be a model that is been used in making choices between alternatives. Models of this kind brings about use of logic, analysis and objectivity always which appear over subjectivity and insight. In this particular model, approaches like Formulating of goal, decision making, identification of criteria for decision making, performing analysis etc are seen to make this model a better type of its kind. Here individuals who are seen to posses high cognitive ability are seen handling of decisions and making quality arrangements towards its actualization.

In a lot of cases, it is seen to not consider factors that cannot be quantified, such as ethical concerns or the value of altruism.

6 0

3 years ago

Exercise 10-30 Cost Variance Investigation (LO 10-4)The director of cost management for Odessa Company uses a statistical contro

OLEGan [10]

Answer:

a. The cutoff value for investigation if the controller’s rule of thumb is to investigate all variances equal to or greater than 6 percent of standard cost is $2,280.

b.The month that will have their direct-labor efficiency variance investigated will be the month of since june variance is 2,400 and hence is above $2,280.

Explanation:

According to the given data, the standard direct-labor cost during each of these months was $38,000, therefore, in order to calculate the cutoff value for investigation, we would have make the following calculation:

Cutoff value for investigation =6% of Standard cost =$38,000 *6% =$2,280

The month that will have their direct-labor efficiency variance investigated will be the month of since june variance is 2,400 and hence is above $2,280.

4 0

3 years ago

Identify each of the preceding costs as either a product or a period cost. If the cost is a product cost, decide whether it is f

____ [38]

Answer and Explanation:

The classifications are as follows

1. Product cost and the manufacturing overhead

2. Period cost

3. Product cost and direct labor

4. Period cost

5. Product cost and the manufacturing overhead

6. Product cost and the manufacturing overhead

7. Product cost and direct material

8. Period cost

9. Product cost and direct material

10. Product cost and direct material

11. Period cost

12. Product cost and the manufacturing overhead

13. Product cost and the manufacturing overhead

14. Product cost and direct labor

4 0

3 years ago