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Verdich [7]
3 years ago
11

If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account that had been written

off on March 1, the entry to record the cash receipt after the account has been reinstated under the direct write-off method a. includes a credit to Bad Debt Expense of $3,650. b. includes a debit to Allowance for Doubtful Accounts of $3,650. c. includes a credit to Cash of $3,650. d. is the same as it would be under the allowance method.
Business
1 answer:
AlladinOne [14]3 years ago
6 0

Answer: the correct  answer is a. includes a credit to Bad Debt Expense of $3,650.

Explanation: the Debt was not going to be paid but then the company received the money so it corresponds the credit to Bad Debt Expense of $3,650.

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Kulka Corporation manufactures two products: Product F82D and Product T05P. The company uses a plantwide overhead rate based on
ipn [44]

Answer:

b. $303,000

Explanation:

The activity rate

1. Machining = $\frac{\text{total cost}}{\text{total activity}}$

                    $=\frac{180000}{9000}$

                   = $ 20 per machine hour

2. Machine set up =   $\frac{\text{total cost}}{\text{total activity}}$

                    $=\frac{125000}{250}$

                   = $ 500 per set up

3. Product design =  $\frac{\text{total cost}}{\text{total activity}}$

                    $=\frac{44000}{2}$

                   = $ 22000 per product

4. Order size =  $\frac{\text{total cost}}{\text{total activity}}$

                    $=\frac{260000}{10000}$

                   = $ 26 per direct labor hour

Now the ABC cost (Product T05P)

1. Machining  = $\text{machine hours} \times \text{activity rate}$

                     = 4000 x 20

                     = $ 80,000

2. Machine set ups =  $\text{no. of set ups} \times \text{activity rate}$

                     = 90 x 500

                     = $ 45,000

3. Product design =  $\text{no. of products} \times \text{activity rate}$

                     = 1 x 22000

                     = $ 22,000

4. Order size =  $\text{direct labor hours} \times \text{activity rate}$

                     = 6000 x 26

                     = $ 156,000

Therefore, the total manufacturing overhead cost assigned to product T05P = 80000 + 45000 + 22000 + 156000

= $ 303,000

6 0
3 years ago
On June 1, 2018, Cork Oak Corporation purchased a passenger automobile for 100 percent use in its business. The auto, with a cos
lubasha [3.4K]

Answer:

=$ 4400

Explanation:

Under the Macrs depreciation schedule, motor vehicles as assets have a useful life of 5 years. In the first year, the deprecation rate id 20%, followed by 32% in the second year.

For cork oak corporation: the value of the motor vehicle is 22,000

Date of purchase 2018, years in depreciation: 1

Depreciation: = 20/100 x 22 000

  =$ 4400

5 0
4 years ago
compared with the network evening news shows (those on abc, nbc, and cbs), cable news stations such as msnbc, fox news, and cnn
Orlov [11]

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2 years ago
Why aren‘t magazine photos a good representation ofwhat a healthy person looks like?
Arte-miy333 [17]
Magazine photos are not a good representation of what a healthy person looks like because they often show pictures of people who has a skinny and or people who only has built or toned body without having to discuss other factors that should be considered such as mentally or psychologically. They are mostly focused on the physical appearance.
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4 years ago
When the average unit cost of a good or service decreases as the capacity and/or volume of throughput increases, it is known as
Sergeu [11.5K]
(d.) ECONOMIES OF SCALE

Economies of scale is achieved when the average goods and services decrease whereas the volume of the goods and services increases.
Diseconomies of scale is achieved when the average unit cost of goods and services increases with the increase in the volume of goods and services.

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3 years ago
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