Answer:
balanced after adjustment $39,000
Explanation:
GIVEN DATA:
uncollectible accounts is $45,000
allowance balance = $6000
The bad debt account is the difference between the calculated ledger balance and actual ledger balanced.
balanced after adjustment can be determined by suing following relation:
Bad debt expense = uncollectible accounts - balance of the Allowance
= $45000 - $6000
= $39,000
Answer:
c
Explanation:
Marginal factor cost (MFC) is the change in total cost as a result of employing one more unit of a factor of production.
Marginal factor cost is determined by dividing the change in total cost by the change in factor of production.
Imagine that total cost is 100 when there are 2 units of labour employed. total cost increases to 200 when 3 units of labour are employed.
the marginal factor cost = 
= 100
Marginal cost is the additional cost generated by producing an additional unit of output.
Marginal factor revenue is the additional revenue generated by employing an additional factor unit.
Average factor cost is total cost from the production of a product divided by the total number of factor units used.
The accountant have upon retirement $336,509.63
What is the future value of an annuity?
The accumulated balance in the accountant's retirement account upon retirement is the future value of $6,000 invested for 3 years earning 4% annual rate of return using the future value formula of an ordinary annuity as shown below:
FV=PMT*(1+t)^N-1/r
FV=accumulated balance after 30 years=unknown
PMT=annual investment=$6,000
r=rate of return=4%
N=number of annual investments in 30 years=30
FV=$6000*(1+4%)^30-1/4%
FV=$336,509.63
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Answer:
Cost of goods manufactured= $3,120
COGS= $2,750
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Cost of goods manufactured:
beginning WIP= 0
direct materials= 2,200
Direct labor= 1,000
Factory overhead= 520
Ending work in process= 600
Cost of goods manufactured= $3,120
<u>Now, we can determine the cost of goods manufactured:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 0 + 3,120 - 370
COGS= $2,750
If a new security issue is marketed to a definite and select group of investors (such as current stockholders, employees or customers) the issue is called a privileged subscription.
What is privileged subscription?
An existing shareholder's right to subscribe to fresh stock issuances at or below market pricing allows them to maintain an equal percentage ownership in the company. Employees and investors can purchase shares of business stock over a lengthy period of time through stock subscriptions, typically at a price that excludes broker commissions. The price at which shares are bought signifies a good deal for buyers because there is no commission.
Therefore,
If a new security issue is marketed to a definite and select group of investors (such as current stockholders, employees or customers) the issue is called a privileged subscription.
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