<span>$1,347,472.70 is the correct answer</span>
Answer:
The bad debt expense which should be recorded in the income statement for the year 2019, amounts to $127,600
Explanation:
The bad debt expense which should be recorded in the income statement for the year 2019 is computed as:
= Net Credit Sales × Uncollectible credit sales for the year 2019
where
Net Credit Sales is $290,000
Uncollectible credit sales for the year 2019 is 44%
Putting the values in the above formula:
= $290,000 × 44%
= $127,600
Answer:
Correct Option is B) Rochester Income Increase, Reedsburg Income No effect
Explanation:
As per IFRS,
When a company holds share of any company up to 20% then it is an associate, and in this case Rochester holds only 15% and thus will increase its net income with dividend received. (Cost method is followed)
When a company holds more than 20 % and less than 50% then the equity method is followed until and unless major significance is not exercised, generally it is exercised. In that case equity method is followed, and any income received is adjusted from cost of investment, and do not form part of income.
Organizational environment is the concept that <span>refers to all factors outside an organization that affect the organization's operation. These factors affect performance, resources, and operations. These are factors to consider when predicting trends and making decision regarding the company. </span>
28,358 - 20908 = 7450
7450 divided by 5 = 1490
The annual increase was 1490 per year
