Answer:
$3,553
Explanation:
Credit losses = Net credit sales × Historical percentage of credit losses
= $131,750 × 3%
= $3,953
Allowance for doubtful account has a credit balance of $400
The estimated bad debt expense can therefore be calculated as:
Bad debt expense = Credit losses - Allowance for doubtful accounts credit balance
= $3,953 - $400
= $3,553
Hence, the estimated bad debt expense using the percentage of credit sales method is $3,553
Answer:
(i) $4,000,000
(ii) $3,840,000
Explanation:
(i) Contribution to income from selling the logs for log cabin construction:
= Large trees receive each period × per-unit price of logs
= 8,000 × $500
= $4,000,000
(ii) Contribution to income from processing the logs into lumber:
= Large trees receive each period × each log can be processed (feet) × (Selling price of lumber per board foot - Additional cost per board foot)
= 8,000 × 800 × (0.75 - 0.15)
= $3,840,000
(iii) Jack's continue to sell the logs only, because income from processing it as lumber is lower than log.
Answer:
B. False
Explanation:
According to the path-goal theory, the participative style is recommended when group members are performing repetitive tasks is False.
When someone is looking to hire someone for a job online or on a poster they will add a job description it gives a brief overview of what the job entails
Variable costs are the costs that change in total each time an additional unit is produced or sold. With a variable cost, the per unit cost stays the same, but the more units produced or sold, the higher the total cost. ... Although total fixed costs are constant, the fixed cost per unit changes with the number of units.
