Answer:
True
Explanation:
It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts estimated.
The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000
Credit Sales $ 200,000
Cr Allowance for Uncollectible Accounts $ 4,000
Dr Accounts receivable $ 38,000
Net Realizable Value of Accounts receivable $ 34,000
Answer:
A) Because the Johnsons live in the same state and the damages are too small
Explanation:
The Federal Court can only listen to cases which are
1.Federal Questions - which include constitutional law, federal crimes, some military law, intellectual property (patents, copyrights, etc.), securities laws, and any other case involving a law that the U.S. Congress has passed
2.Diversity
3.Treaties and diplomats
4.U.S Government cases
5.Admiralty - (water bodies In an around the U. S which include oceans, rivers, lakes etc.)
The Johnsons need to go to the State Court to deal with such a issue
State courts interpret state law and hear the types of cases that affect the personal lives of many residents, such as probate, family law, and most criminal law
Answer:
The activity rate will be 20 per order.
For product A it will be $8,000 applied
for Product B it will be $6,000 applied
Explanation:
estimated cost / activity pool = rate
14,000 / 700 = 20
Applied cost:
activity x rate
Product A 400 x 20 = 8,000
Product B 300 x 20 = 6,000
Answer:
e. $0
Explanation:
The economic profits of Carmela’s Churros can be determined through following mentioned equation.
Economic profit=Revenues-(explicit costs+implicit costs)
In the given question
Revenues= $40,000
explicit costs=$15,000
implicit costs=$25,000
Economic profits=$40,000-($15,000+$25,000)
=$0
So based on the above calculation, the answer is e. $0
