Answer:Worthy journal $
Date
March 14, 2022
Bad debt Dr 2600
Receivable Cr 2600
Narration. Record of receivables written off to income account on account becoming unrecoverable.
Explanation:
The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.
In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.
Some organizations have the project sponsor complete project completion/ Client acceptance form to close a project or phase.
The Client Acceptance form means add up of the delivered solution, it confirms what deliverables has been yielded to the client and that the client has accepted those deliverables.
A project acceptance form is a document that, when implemented, means formal, written approval of the complete project. It accepts that all project requirements have been achieved and that all deliverables are completed.
An Acceptance Form assists to gain approval from the customer that the production done is according to the needs of the customer. An Acceptance Form includes all of the Acceptance Criteria for attaining the approval of the customer.
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Answer:
Fixed Cost Function = Average Cost - Average Variable cost
Explanation:
A fixed cost is the one which does not changes with the level of production. These cost are irrelevant to number of units production. It is not affected by the units produced and sold. The change in fixed cost does not affect the marginal cost. The marginal cost is the variable cost that is incurred by producing one more unit. These costs are affected by the level of production.
Answer:
Real wage rate can be calculated by:
= Nominal wage rate /CPI * 100
2018 real wage rate:
= 7 / 252 * 100
= $2.78
2019 real wage rate:
= 10 / 257 * 100
= $3.89
Did these workers really get a pay raise between 2018 and 2019?
YES THEY DID:
= 2019 real wage - 2018 wage rate
= 3.89 - 2.78
= $1.11
Answer:
The statement that would most likely be included in a procedure is:
D. "Antivirus protection will be installed on all workstations at St. Eligius Healthcare."
Explanation:
A procedure is the formal, official, or standard and established manner of carrying out business processes. It is quite different from a process, which details the steps that a procedure may follow. A goods example of a process is the B statement, "Step 5: After the installation of the antivirus tool is complete, click the Tools menu, then Actions, then Update Definitions Now."
