Answer:
Contra account.
Explanation:
A contra account is an account that has an opposite of what is the normal balance for the class of such an account. a company would be able to report the original amount and in so doing also be able to report the reduction and then what is the net amount would be reported. in other words such an account is used to reduce the value of another related account. And thereafter the net value is what is going to be reported.
Answer:
Peter's percent value-added time is just over 3%. is the correct statement
Explanation:
Answer:
Answer is E.Both bring a backup copy of your slides on a flash drive and distribute handouts of your slides to the audience.
Explanation:
Answer:
c. debit to Bad Debts Expense for $6,900.
Explanation:
Allowance for Doubtful Accounts $1,100 credit balance,
Estimated Un collectibles $8000 credit
Required Adjustment $ 6900 credit
The adjustment to record bad debts for the period will require a
c. debit to Bad Debts Expense for $6,900.
Bad Debt Expense $ 6900 Dr
Allowance for Doubtful Accounts $ 6900 Cr
Alternatively if the allowance account had a debit balance the entry would have been posted adding the two amounts.
Answer:
Explanation:
For computing the demand for each sale, first we have to compute the average sale for each season which is show below:
Average sale in fall = (240 + 260) ÷ 2 = 250
Average sale in winter = (340 + 300) ÷ 2 = 320
Average sale in spring = (140 + 160) ÷ 2 = 150
Average sale in summer = (320 + 240) ÷ 2 = 280
Demand for next fall = (250 ÷ 1,000) × 1,200 = 300
Demand for next winter = (320 ÷ 1,000) × 1,200 = 384
Demand for next spring = (150 ÷ 1,000) × 1,200 = 180
Demand for next summer = 1,200 - (300+384+180) = 336
