Answer:
Adjusting entry amount
a) Bad debt expense = 25690000*1%*1/2 = 128450
b) Bad debt expense = 162000+12500 = 174500
c) Bad debt expense = 25690000*1%*3/4 = 192675
d) Bad debt expense = 171200-26810 = 144390
Answer:
The answer is: Yes, the student is right.
Explanation:
Some industries, especially agriculture, work on some unique ways due to their complexity. For instance, the government sets the price floor and the price ceiling for the main crops produced in the country. In order to do this, the government owns and manages huge warehouses and silos.
When the production of crops is higher than usual, the price of that crop will tend to drop because of excessive supply. The government then buys the crop to put a price floor and takes the overstock to its warehouses. That enables the government to control the market so that farmers get a "fair price" for their crops. If the government didn´t do anything, farmers would lose a lot of money and their customers (agricultural corporations) would probably overstock. That at the same time would cause further problems in the future due to lower future sales because the agricultural corporations companies are overstocked.
When farmers have a bad year due to drought or flooding, their production levels will fall, so the price of the crops would rise due to excessive demand. Then the government sells the crops it had stored previously in its warehouses to put a price ceiling. If the government didn´t do this then a lot of poor people would not be able to buy enough quantities of food.
Answer:
Sales= $93,000
Explanation:
Giving the following information:
Contribution margin ratio= 0.30
Profit= $12,300
Fixed costs= $15,600
<u>First, we need to determine the total contribution margin:</u>
<u />
Total contribution margin= 12,300 + 15,600
Total contribtuion margin= $27,900
<u>Now, to calculate the sales revenue, we need to use the following formula:</u>
Sales= total contribution margin / Contribution margin ratio
Sales= 27,900/0.3
Sales= $93,000
Answer:
Business Process Re-engineering
Explanation:
This involves redesign business processes in such a manner that repetition is avoided and wastes as well as its costs are avoided.
By re-engineering business processes,organizations can identify those activities that are value adding and prioritize,while those that do not add value are eliminated.
Answer: A. Loss $1,100
Explanation:
Value at the end of the first year after depreciation:
= 18,000 * (1 - 20%)
= $14,400
No depreciation was charged in the year of sale which is 2018 so only a year of depreciation applies.
Profit (loss) = Sales price - Net book value
= 13,300 - 14,400
= -$1,100
