Answer:
See explanation section
Explanation:
To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.
December 31 Bad Debt Expense Debit $1,200
Account receivable - Acme, Inc. Credit $1,200
Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.
Answer:
Production= 15,000 units
Explanation:
Giving the following information:
Sales:
Q2=14,000
Q3=18,000
The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units.
To calculate the production for the second quarter, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 14,000 + (18,000*0.25) - (14,000*0.25)
Production= 15,000 units
Answer:
-7.407%
Explanation:
Let interest rate be x%
Present value of payment = $130,002 * PV of discounting factor (rate%, time period)
$103,200 = $130,002 * 1.0x^3
1.0x^3 = $103,200 / $130,002
1.0x = ($103,200 / $130,002)^(1/3)
1.0x = 0.793834^(1/3)
1.0x = 0.92592660981
x = (0.92592660981 - 1) * 100
x = -0.07407*100
x = -7.407%
D. why a specific consumer made a specific choice
