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3 years ago

One might infer from a debit balance in allowance for doubtful accounts that

Business

1 answer:

shtirl [24]3 years ago

3 0

Answer:

The answer is:

More accounts have been written off than had been estimated

Explanation:

Doubtful debt or bad debt is an expense. According to the rule of accounting, debit increases an expense while debit decreases an expense.

So the debit balance balance in allowance for doubtful accounts tells us that there is an increase in expense which means that more accounts(bad debt) have been written off.

So we can infer from the debit balance that more accounts have been written off than had been estimated

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Staley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue data: Per Unit Percent Sales

Ivenika [448]

Answer:

20.5%

Explanation:

Calculation for what Staley Co.'s margin of safety ratio (MOS%) if 600 units are sold would be

First step is to calculate Break-even amount

Break-even = $80,000/($480-$312)

Break-even= 476.19

Break-even= 477 approximately

Second step is to calculate the Margin of Safety

Margin of Safety = 600-477

Margin of Safety= 123

Now let calculate the margin of safety ratio

Margin of safety ratio=123/600

Margin of safety ratio=20.5%

Therefore Staley Co.'s margin of safety ratio (MOS%) if 600 units are sold would be 20.5%

7 0

3 years ago

Juana takes home $5400 per month. What is the maximum amount he can

Luden [163]

Answer:

Explanation:

6 0

3 years ago

Stone Corporation Stone Corporation adds material at the start to its production process and has the following information avail

zloy xaker [14]

Answer:

Option B

Equivalent units =32,000 units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion production costs between work in progress and finished work.

The equivalent units of material = degree of completion × units

Equivalent unit of materials

Item Units Workings Equivalent unit

opening inventory 7000 0%× 7000 0

Fully worked 29,500 100% × 29500 29,500

Closing inventory 2,500 100%× 2500 2,500

Total equivalent units of materials 39,000

Notes

1. Degree of completion for opening inventory is 100%-100%= 0%. Remember that materials are added at the beginning; so the material content for the opening inventory has already been completed added in the previous period i.e July

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in the period. it is equal to the units introduced = 32,000 - 2500 =29500

3. Closing work in progress material content will be is 100% completed. This represent work started this period but not yet completed.

Equivalent units for the month of August for materials = 0 + 29500 + 2500= 32,000 units

Equivalent units =32,00o units

4 0

4 years ago

8. True False.

s2008m [1.1K]

False

True

False
False

8 0

3 years ago

In the Reaching Beyond our Borders box titled, "Ethical Culture Clash", the story proves that a large multi-national company suc

kap26 [50]

Answer:

False

Explanation:

Ethical standards are are set of guiding principles that an organisation communicates to its employees as the expected way to do things.

In reaching beyond our borders it is not true that ethical standards of of its employees must be the same as for workers in the United States.

For example an employee living abroad does not spend his whole housing allowance on getting a place to stay as expected in the United States, but puts it to use on other endeavours.

8 0

4 years ago