Answer:
Debit Bad debt expense $19,000
Credit Allowance for doubtful debt $19,000
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Amount that may be uncollectible
= 4% * $600,000
= $24,000
Given that the Allowance for Doubtful Accounts has a $5,000 credit balance before adjustment, the additional amount to be adjusted for
= $24,000 - $5,000
= $19,000
The perimeter is the total distance around the outside of a shape. In the case of a rectangle, opposite sides of the rectangle are equal. Here is a formula for finding the perimeter of a rectangle: P=2(l+w) or Perimeter = 2 × length + width
Answer:
$69020
Explanation:
Selling price -$54
Incremental selling price =54*(1-0.16)=45.36
Incremental sales - 45.36*7000= 317520
Contribution -
Direct materials = 24*7000 = (168000)
Direct labor = 6*7000 = (42000)
Variable manufacturing = (21000) (3*7000)
Variable selling price = (3500) 2*(1-0.75)
Total contribution = 83020
Additional cost of machine (14,000)
Incremental profit 69,020
They spend on labor 5625. based on the given situations.
Exertions fee ought to be around 20 to 35% of gross income. slicing hard work costs is a balancing act. locating methods to streamline labor costs is rooted in reducing costs without sacrificing personnel morale or productivity.
Hints from White-Hutchinson enjoyment and studying consulting institution say that restaurant labor costs ought to be available in at much less than 30% of sales, and food and exertions costs ought to be less than 60% of the revenue.
The labor-to-revenue ratio is a monetary analysis device that compares the amount of cash a business enterprise spends on its employees to the quantity of cash it makes in net sales. Dividing hard work value via net sales for a given duration yields this ratio. Multiplying the result through 100 converts it to a percentage.
Learn more about labor costs here: brainly.com/question/26527325
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