Answer:
$4,140
Explanation:
Given the above information, we will compute the bad debt expense as;
Bad debt expense
= (Cash sales × 4% of accounts receivables) - Credit balance in allowance for doubtful accounts
= ($161,000 × 4%) - Credit balance in allowance for doubtful accounts
= $6,440 - $2,300
= $4,140
Therefore, the bad debt expense is $4,140
Answer:
<em>Increase to Cash dividends</em>
Explanation:
The entry on declaration of dividend is Retained earnings debit and credit is given to dividend payable. The cash dividend will increase to shareholders as a result of this action. The dividend payable will increase. Cash is not affected when dividends is declared. Cash is affected only when dividend is paid on August 15, 2017. Cash dividend will not decrease since dividend is paid it will increase. There are total 2 entries passed one on July 15th for dividend declaration and on August 15th for dividend payment. The record date of July 31 is only for determining which shareholders are eligible for dividend and no entry is needed.
Answer:
It would be unethical and a conflict of interest for Solomon to let his uncle in on the details because it would give his uncle an unfair advantage against the other bidding contractors. It's a form of nepotism
Explanation:
hope this helps have a great day
Well here’s why it shouldn’t be allowed, it could cause distractions to other people around you or to yourself or people could hide stuff inside of them food etc.
Here’s why it should be allowed. some people feel more comfortable wearing one and I feel like that’s really the only reasonable reason for someone to wear one.
Answer:
$57,400
Explanation:
The computation of the estimated total manufacturing overhead for the Customizing Department is shown below:
= Total fixed manufacturing overhead cost + Direct labor-hours × Variable manufacturing overhead per direct labor-hour
= $35,000 + 7,000 direct labor hours × $3.20
= $35,000 + $22,400
= $57,400
All other information that is given in the question is ignored.
