Answer:
$320,000 or $0.32 million
Explanation:
In accounting, the percentage of bad debt expenses is applied to the outstanding accounts receivable at the end of a particular accounting period.
In the question, the end of the accounting period is given as December 31 and the outstanding accounts receivable as at that December 31 is a total of $6.40 million. Therefore, we will disregard other values and simply apply 5% to the the outstanding accounts receivable of $6.40 million as at that December 31 as follows:
Bad debt = Outstanding accounts receivable × 5%
= $6.40 million × 5%
= $6,400,000 × 5%
= $320,000
Therefore, the amount of bad debt expense to recognized for the year is $320,000 or $0.32 million.
Answer:
The total conversion costs transferred out of the Cranning Department = $196000
Explanation:
We have been given with the equivalent units of production with direct materials and conversion. In order to find the total conversion costs transferred out of the Cranning Department, we need the conversion units which are 50,000 units along with cost per equivalent unit for conversion which is $3.92 per EUP.
The total conversion costs transferred out of the Cranning Department = 50,000 * $3.92
The total conversion costs transferred out of the Cranning Department = $196000
Answer:
People often buy fewer goods and services
Explanation:
This is the only option that makes sense for the question. Economic slow down is marked by the movement of money slowing down. As the movement money slows people buyer fewer goods and services.
The answer is A because she could be watching people while daydreaming
