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Anuta_ua [19.1K]
3 years ago
11

Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances):• Accounts receivable $

1,492,000• Allowance for doubtful accounts $ 28,400Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
Business
1 answer:
xz_007 [3.2K]3 years ago
6 0

Answer:

$87.816

Explanation:

First you have to calculate the Oustanding receivables, that you can calculre with the next formula:

Oustanding receivables= Accounts recivable-  Allowance for doubtful accounts

Oustanding receivables=  1.492.000   -  28.400

Oustanding receivables=  1.463.600  

Now that you have the result have to multiply by the 6% to calculate the bad debt.

Bad debt = 1.463.600* 6%=  $87.816    

its the bad debt of   Thompson Corporation's

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The costs of direct materials are classified as: Conversion cost Manufacturing cost Prime cost A) Yes Yes Yes B) No No No C) Yes
WARRIOR [948]

Answer:

D) No Yes Yes

Explanation:

As we know that

The conversion cost includes the direct labor cost and the manufacturing overhead cost

And, the manufacturing cost records the  

= Cost of direct material cost + Direct labor cost + Manufacturing Overhead cost

And, the prime cost includes the direct material cost and the direct labor cost that is directly related to the production process of the product.

4 0
3 years ago
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Scott Corporation produces a part for use in the production of one of its products. The per-unit costs associated with the annua
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Answer:

It is cheaper to buy the part. The company will save $5,000.

Explanation:

Giving the following information:

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Direct Materials $10.50

Direct labor $24.00

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Total avoidable Fixed factory overhead= (12*1,000) - 5,000= 7,000

Larson Company has offered to sell 1,000 units of the same part to Scott Corporation for $42 per unit.

First, we need to calculate the total cost of making the units:

Total cost= (10.5 + 24 + 5.5)*1,000 + 7,000= $47,000

Now, the total cost of buying them:

Buy= 1,000*42= $42,000

It is cheaper to buy the part. The company will save $5,000.

3 0
3 years ago
True or faults caffeine and other energy boosters can be used to effectively compensate for fatigue
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Consider some determinants of the price elasticity of demand: • The availability of close substitutes• Whether the good is a nec
kondor19780726 [428]

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8 0
3 years ago
Match the following empires:
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Answer:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3  ----> Matches with ----->B

4 ----> Matches with ----->A

Explanation:

This question is very easy and interesting. In this question, we just need to match the specific empires with the description given in the question. So, Let's Start.

1. The first description matches with the Dutch Empire. (C)

2. The second description matches with obviously the French Empire (D)

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4. The forth description clearly matches with the Spanish Empire. (A)

So, Correct Combination will be:

1 ----> Matches with ----->C

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4 ----> Matches with ----->A

8 0
3 years ago
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