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3 years ago

At December 31, 2018, Hawke Company reports the following results for its calendar year.

Business

1 answer:

MrRa [10]3 years ago

7 0

Answer:

The adjusting entries are shown below:

Explanation:

The journal entries are shown below:

a. Bad debt expense $85,230

To Allowance for doubtful debts $85,230

(Being the bad debt expense is recorded)

The computation is shown below:

= $5,682,000 × 1.5%

= $85,230

a. Bad debt expense $75,870

To Allowance for doubtful debts $75,870

(Being the bad debt expense is recorded)

The computation is shown below:

= ($5,682,000 + $5,682,000) × 1%

= $75,870

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The manager of a major retail store has taken a random sample of 25 customers. The average sale was $52.50. The population stand

Anna35 [415]

Answer:P value = 1 - 0.9793 = 0.0207

Explanation:

we can use Z value and normal distribution to find P value. P value is the area of beyond the value of Z value

sample mean (x.bar) = $52.20

Population mean (U) = $50

Sample Standard deviation (Sd) =$ 6.10

sample (n) = 25

Z = $\frac{(x.bar - U)}{Sd/\sqrt{n} }$ = $\frac{52.50 - 50}{6.10/\sqrt{25} }$

Z = 2.50/1.22 = 2.049280328 = 2.049

area (normal distribution table) = 0.9793

P value = 1 - 0.9793 = 0.0207

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3 years ago

Which of the following is the most accurate statement about the globalization of markets?

Anika [276]

Answer:

many U.S. companies with famous brands are now controlled by global enterprises. U.S. businesses and those of other countries are seeking to expand around the world for many reasons.

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3 years ago

Which incident inspired Aaitaman?

andriy [413]

Answer:

you can search either in Google or brainly and then you will have the answer

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3 years ago

Read 2 more answers

An account designed for payment of regular bills is

Mashcka [7]

Answer:

d. checking

Explanation:

A savings account is a type of bank account that pays interests and it allows you to deposit and withdraw your money when needed.

Money market refers to the market of financial institutions that want to lend or borrow money for a short period of time that doesn't exceed 12 months.

Corporate bond is debt issued by private companies to get funds.

A checking account is a bank account that allows you an easy access to the money you have and it is designed to used it for all your transactions like paying all the expenses.

Acccording to this, an account designed for payment of regular bills is the checking account.

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3 years ago

Read 2 more answers

Boursaw Corporation has provided the following data concerning last month’s operations. Purchases of raw materials $33,000 Indir

m_a_m_a [10]

Answer:

COGS= $136,000

Explanation:

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

We deduct the indirect material from the direct material purchase, so we don't sum it twice.

Because it is the unadjusted cost of goods sold, we take into account the allocated overhead.

cost of goods manufactured= 56,000 + (10,000 + 33,000 - 4,000 - 15,000) + 58,000 + 78,000 - 72,000

cost of goods manufactured= $144,000

To calculate the unadjusted cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 41,000 + 144,000 - 49,000

COGS= $136,000

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4 years ago