Answer:
Explanation:
The Shamrock journal Entry book for 2016, 2017 and 2018 as well as the other steps required to solve this question can be found in the attached file. Please kindly go through it.
Answer:
Since the debt has already been provided for by Debiting bad debt expense $42,400 and Crediting Allowance for doubtful debt $42,400, the entries required to write off the debt from Ramirez Company of $6,330 will be
Debit Allowance for doubtful debt $6,330
Credit Accounts receivable $6,330
Being entries to writeoff debt due Ramirez Company of $6,330
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Answer:
yessir
Explanation:
you talk to people about what bike they want and stuff, im smart
Answer:
$144.81 bil or $22.99 per share
Explanation:
We can apply discounted dividend model (DDM) to value the stock in this example because share repurchase is equivalent to cash dividend, which are both cash paid out to shareholders of the company.
DDM is stated as below:
V_o = [D_o x (1 + g)]/(r - g), where:
V_o: Intrinsic value of the company
D_o: Current dividend or Share repurchased in cash;
g: Dividend growth;
r: cost of equity.
Putting all the number together, we have:
V_o = [4.92 x (1 + 8.9%)]/(12.6% - 8.9%) = 144.81 bil or 144.81/6.3 = 22.99 per share
Answer:
The correct answer is B.
Explanation:
Giving the following information:
The company produces a single product.
Production volume 8,500 units 9,500 units
Direct materials $97.70 per unit
Direct labor $27.60
Manufacturing overhead $72.30 per unit $68.30 per unit.
Variable Manufacturing cost= direct material + direct labor + variable manufacturing overhead
<u>Variable Manufacturing overhead:</u>
We need to use the high low method:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (648,850 - 614,550) / (9,500 - 8,500)= 34.3
Variable Manufacturing cost= 97.7 + 27.6 + 34.3= $159.6
