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grin007 [14]
3 years ago
12

XYZ Company uses an allowance method to account for bad debts. It estimates that 5% of the accounts receivable will be uncollect

ible. At the end of the year, there is an accounts receivable balance of $750,000, and a debit balance in the Allowance for Uncollectible Accounts of $9,000. What is uncollectible accounts expense for the reporting period?
Business
1 answer:
Papessa [141]3 years ago
8 0
Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
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Dog Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day.
gavmur [86]

Answer:

1,708 Unfavorable

Explanation:

Revenue Variance = Budgeted Revenue - Actual Revenue, and where actual revenue is less than standard revenue, then variance will be unfavorable.

Note: The variance is calculated for revenue and not the net profit, because both are different terms.

Budgeted = 3,100 tenant days

Actual = 3,120 tenant days

Revenue Budgeted for actual tenant days = $34 \times 3,120 = $106,080

Less: Actual Revenue = $104,372

Since Standard revenue is more than actual revenue, the variance will be unfavorable = $106,080 - $104,372 = 1,708 Unfavorable

4 0
3 years ago
The assembly department had beginning work in process of 18,000 units, ending work in process of 22,000 units, and units transfe
salantis [7]
Hi there

beginning work in process+units started or transferred in=ending work in process+units transferred out

So we need to find units started or transferred in=58,000+22,000−18,000
=62,000...answer

Hope it helps
3 0
3 years ago
What is your passion
Andre45 [30]
What do you want to be when you grow up?
8 0
3 years ago
Read 2 more answers
The best way to negotiate for an increase in starting salary is to _____.
anzhelika [568]
The best choice would be "B". Research other jobs you could potentially have, and see what the salary for them would be. You can tell your employer that you could take this other job with a higher salary, and therefore get what you want without snooping/ begging.

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~cupcake
8 0
3 years ago
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The Refining Department of Crystal Cane​ Sugar, Inc. had 73 comma 000 tons of sugar to account for in December. Of the 73 comma
soldier1979 [14.2K]

Answer:

67,600 tons

Explanation:

Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units  = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Conversion

Equivalent Units  = 55,000 + 18,000 x 70% = 67,600 units

6 0
3 years ago
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