Explain the factor that determine an individual personality

During the year, credit sales amounted to $ 840,000. Cash collected on credit sales amounted to $ 790,000, and $ 18,000 has be

Murrr4er [49]

Answer:

$21,000

Explanation:

During the year, credit sales amounted to $ 840,000.

Cash collected on credit sales amounted to $ 790,000, and $ 18,000 has been written off.

At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%.

The amount of bad debts expense for 2019 is 2.5% x 840,000 = $21,000

5 0

3 years ago

Since the Troy Division also sustained an operating loss in the prior year, Rice's president is considering the elimination of t

s2008m [1.1K]

Answer:

c. $30,000 lower

Explanation:

Missing word "Rice Corporation currently operates two divisions which had operating results last year as follows:

West Division Troy Division

Sales $600,000 $300,000

Variable costs 310,000 200,000

Contribution margin 290,000 100,000

Traceable fixed costs 110,000 70,000

Allocated common corporate costs 90,000 45,000

Net operating income (loss) $ 90,000 ($15,000)

Options are: a. $15,000 higher, b. $45,000 lower, c. $30,000 lower, d. $60,000 higher"

Particulars Amount

Contribution margin $100,000

Less: Traceable fixed costs $70,000

Segment margin of Troy Division $30,000

The operating income would been $30,000 less without the segment margin contributed by the Troy Division. Hence, If the Troy Division had been eliminated at the beginning of last year, Rice Corporation's operating income for last year would have been $30,000 lower.

7 0

3 years ago

Baugh and Essary reports the following account balances: inventory of $17,600, equipment of $128,300, accounts payable of $24,70

Orlov [11]

Answer:

amount of current assets is $61400

Explanation:

given data

inventory = $17600

equipment = $128300

accounts payable = $24700

cash = $11900

accounts receivable = $31900

to find out

the amount of the current assets

solution

we know here that current assets have cash and inventory and account receivable and

account payable is current liability

and equipment is long term assets

so

we can say current assets will be

current assets = inventory + cash + account receivable ....................1

put here value

current assets = 17600 + 11900 + 31900

current assets = $61400

So, current assets = 11,900+17,600+31,900 = 61,400 (Answer)

4 0

3 years ago

how come when i click on " New chats " on my Xbox .. it's not working? like when i click it , it's nothing popping up or whateve

WINSTONCH [101]

Answer:

bro that's not homework

7 0

3 years ago

An income statement reflects activity that occurs _____ while a balance sheet reflects values ____.

dalvyx [7]

An income statement reflects activity that occurs over a period of time while a balance sheet reflects values at a point of time.

The income statement of a company is the financial statement that shows its income and expenditures. This gives a picture of the profit or loss the company is making. This is calculated for a given period of time.

The balance sheet of a company, on the other hand, is calculated at a specific point in time. It shows the assets, liabilities, and shareholder equity of the company at that point.

Income statement and balance sheet both constitute the financial statement of a company.

To learn more about balance sheets: brainly.com/question/14847079

#SPJ4

6 0

1 year ago

Explain the factor that determine an individual personality​

Explain the factor that determine an individual personality