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Softa [21]
1 year ago
10

Fill in the missing words: A leading chocolate company recently announced that it has succeeded in creating red chocolate. The c

ompany _______ that no food coloring was involved. Instead, they used a ________ type of cacao bean and a unique manufacturing process. g
Business
1 answer:
Alexus [3.1K]1 year ago
5 0

The company <u>says</u> that no food coloring was involved. Instead, they used a <u>special type </u>of cacao bean and a unique manufacturing process.

<h3>What is a manufacturing process?</h3>

This involves the process of turning raw materials into finished goods with the help of tools, human labor, machinery etc.

In this context, the complete sentence is the company <u>says</u> that no food coloring was involved. Instead, they used a <u>special type </u>of cacao bean and a unique manufacturing process.

Read more about manufacturing process

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Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2)
Genrish500 [490]

Answer:

1.

Date                   Account Title                                             Debit          Credit

Dec. 31             Bad debt expense                                    $9,000

                        Allowance for doubtful accounts                                 $9,000

Working

= 3% * 300,000

= $9,000

2.

Date                   Account Title                                             Debit          Credit

Dec. 31             Bad debt expense                                    $12,000

                        Allowance for doubtful accounts                              $12,000

Working

= 1% * total debt

= 1% * (900,000 + 300,000)

= $12,000

3.

Date                   Account Title                                             Debit          Credit

Dec. 31             Bad debt expense                                    $12,500

                        Allowance for doubtful accounts                              $12,500

Working

= 6% * Accounts receivable

= 6% * 125,000

= $7,500

As the Allowance account is in debit, it means that bad debt exceeded the allowance so this balance needs to be added to properly cater for bad debts.

= 7,500 + 5,000

= $12,500

8 0
3 years ago
Chipper Corporation realized $1,000,000 apportionable taxable income from the sales of its products in States X and Z. Both stat
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Answer:

a. $0

Explanation:

The business would not be subject to taxation in a state until nexus is established; thus the Chipper’s Apportionable income <u><em>(which means income of any class or type or any activity, that fulfils the connection or criteria described either in the "functional test" or "transactional test,”.)</em></u>  that is taxed by X equals $0

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3 years ago
The increase in unemployment that occurs during recessions and depressions is called: Multiple choice question. structural unemp
Alchen [17]

Answer:

Cyclical unemployment

Explanation

Unemployment is simply a state of joblessness.unemployment rate is said to be the percentage of the nation's labor force that is unemployed.

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7 0
3 years ago
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elena55 [62]

Answer:

Quarterly interest payment= $11.25

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<em>Here the quarterly payment implies that the investor would receive the interest payment every three months</em>

<em />

Annual Interest payment = coupon rate × nominal value

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Quarterly interest payment = 45 × 3/12 =  11.25

Quarterly interest payment= $11.25

3 0
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ehidna [41]

Answer:

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Explanation:

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7 0
3 years ago
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