Answer:
$20,000
Explanation:
Allowance for uncollectible accounts will be 2% of its accounts receivable = 2% * 900,000 = $18,000
the balance of the Allowance for Doubtful Accounts after year-end = a credit balance of $2,000 + allowance for uncollectible accounts in year of $18,000
= $20,000
The process cost system includes the energy drinks. ramen noodles. computer chips, but it does not include the music videos.
<h3>What is a process cost system?</h3>
Process costing also known as a process cost system. It is one of the accounting method for tracking and accumulating direct expenses of a manufacturing process, as well as allocating indirect costs.
Costs are described to things in bulk, usually in a month's worth of manufacturing. The energy drinks are included in the process cost scheme. Noodles ramen It does not have the music videos, but it does include computer chips.
Therefore, option D is correct.
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Answer:
5. all of the above
Explanation:
The steady progress of industry refers to the constant progression and enlargement of the different industries that exist in the United States of America. This was made possible because of many factors that allowed progression to take place and broke down the roadblocks that may otherwise have prevented it. Such factors include, new sources of energy allowed industry to develop, man's creative mind developed, methods to increase production improved, and even methods of transportation and communication were developed.
Answer:
What price will your manager pay for the new computer and software?
$4480
Explanation:
Computer Software
Cost 1100 6000
discount % 20% 40%
discount 220 2400
Price 880 3.600 4.480
Answer:
Days in inventory is 66 days
Explanation:
The formula for days in inventory is 365 days/inventory turnover while inventory turnover is costs of good sold divided by average inventory.
costs of goods sold is $550,000
average inventory is ($90,000+$110,000)/2=$100,000
inventory turnover =$550,000/$100000
inventory turnover =5.5 times
The days in inventory can then be computed thus:
days in inventory=365 days/5.5=66.36 days
The days in inventory is the average number of days that it took inventory to be sold and it is approximately 66 days in this instance