Answer:
The cost of goods finished during October for Tonneau Corporation is 487,500.
Explanation:
Only two jobs, Z1 & Z2 are finished during october. so, the cost of goods finished is given by:
cost of goods finished = Cost of Job Z1 + Cost of Job Z2
= $32500 + $55000
= $87,500
Therefore, The cost of goods finished during October for Tonneau Corporation is 487,500.
Answer:
Market riskinvolves the risk of changing conditions in the specific marketplace in which a company competes for business. One example of market risk is the increasing tendency of consumers to shop online. This aspect of market risk has presented significant challenges to traditional retail businesses.
Explanation:
hope this helps
Answer: Visibly punishing unethical acts
Explanation: Unethical behavior can be defined as that behavior which cannot be considered morally rights.
In the given case the terminated managers were using company's resources for their personal benefit, this cannot be considered a moral act from the managers.
The termination of the managers done by the company is a visible punishment which is usually done to send out a strong message that such kind of behavior will not be tolerated.
<span>The importance of management is based upon the </span>economical and effective strategic planning & regulation of operations of an enterprise to fulfill the given purposes.
To learn more of the importance of management, see attached file.
Answer:
This first statement it's to record an estimation of uncollectible accounts
- The journal entry to record bad debt expense requires a debit to bad debt expense and a credit to allowance for doubtful accounts.
Explanation:
When the company determined the percentage of total amount of accounts receivables as uncollectible, the journal entry required is Bad Expenses (debit) with Allowance for Uncollectible Accounts (credit)
At the moment of the write-off as the expenses were before recognized we only use the Allowance for Uncollectible Accounts (Debit) with Accounts Receivable (Credit), with this we are recognizing the uncollectible credit of the company.
The other way it's to write-off directly the bad debts at the moment decided that the credit are uncollectible, the total amount it's reported as bad debt expenses which affect negativly the income statement and the accounts receivable are reduce in the same amount, less assets.
