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4 years ago

The first broad scan of all potential world markets should result in the firm being able to ________.

1 answer:

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The first broad scan of all potential world markets should result in the firm being able to – eliminate certain markets of which has entry conditions that are unreasonable or which does not have a suitable criteria for their market, that is why they should be eliminated.

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On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $53,600

mojhsa [17]

Answer:

$1,420

Explanation:

The computation of the bad debt expense is shown below:

As we know that

Ending balance of allowance for uncollectible accounts = Beginning balance of allowance for uncollectible accounts + bad debt expense - written off amount

$1,280 = $1,325 + bad debt expense - $1,465

So, the bad debt expense for the year 2022 is $1,420

Basically we applied the above formula to find out the bad debt expense

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3 years ago

Depreciation is a process by which: A. replacement funds are accumulated for plant and equipment B. the decline in market value

krok68 [10]

Answer:

C. The cost of plant and equipment is allocated to expense over its useful life.

Explanation:

Depreciation is defined as the fall in value of an asset; how an asset value declines or falls overtime. Causes of depreciation are wear and tear, obsolescence etc.

Depreciation is also a process, where the cost of assets(plants, equipments and machineries) are allocated to expense over their useful life. It is computed as ; cost minus scrap value divided by lifetime [ (Cost - Scrap value)] /life time

5 0

3 years ago

Exercise 14-37 Special Order (LO 14-4, 14-5) [The following information applies to the questions displayed below.] Intercontinen

FromTheMoon [43]

Answer:

the relevant cost will also include the differential cost for taking the order as it is related to the order being taken or not.

Explanation:

The product is regularly used therefore, it will be sold in the future.

addtional inventory cost:

6,600 x (9.80 - 9.40) = 2,640

Cost of good sold

1,300 x 9.20 = 11,960

<u><em>Total cost for the order 14,600</em></u>

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4 years ago

Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease

babymother [125]

Answer and Explanation:

Lease Cash Effective Decrease in Outstanding

Payment Payment Interest Balance Balance

$ 34,600

1 $ 8,000 $ 3,460* $ 4,540** $ 26,600

2 $ 8,000 $ 2,660 $ 5,340 $ 21,260

3 $ 8,000 $ 2,126 $ 5,874 $ 15,386

4 $ 8,000 $ 1,539 $ 6,461 $ 8,925

5 $ 8,000 $ 893 $ 7,108 $ 1,818***

6 $ 2,000 $ 182 $ 1,818 $ -

*34600 x 10%

**8000-4540

***8000-7108

Interest rate = interest on second lease payment/outstanding balance after 1st payment x 100

Interest rate = 2660/26600 x 100

Interest rate = 10%

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3 years ago

William and Charlotte Collins divorced in November of Year 1. William moved out and Charlotte remained in their house with their

musickatia [10]

Answer:

Charlotte has the priority to claim Autumn as her dependent even though William covered 70% of her living expenses during the year. In order for a parent to be able to claim a child as a dependent, he/she must live with the child for more than half the year. In this case, since William left the house, Charlotte has preference over claiming Autumn as her dependent (even though William lived with Autumn for 10 months). Also, a parent always has priority over other relatives including a grandparent.

7 0

3 years ago