Answer:
$115,269 decrease
Explanation:
Below are the following information given in the question.
Purchase price = $15
Variable cost per unit = $12
Fixed cost per unit = $10. i.e $22-$10
Production in units = 38,423
N.B. As in the above scenario, we will need to factor in the variable cost per unit only in order to determine whether it is convenient to make the part in house or purchase it. Also, we will have to ignore fixed costs because of the fact that it is constant in the option of whether to buy or make part in house.
Therefore,
Option at purchasing/Buying
= $38,423 × $15
= $576,345
Option at making the part in house
= $38,423 × $12
= $461,076
Cost difference is therefore = $115,269 decrease
Answer:
Debit Accounts Payable $24,000; credit Notes Payable $24,000.
Explanation:
Accounts payable represents the amount that a business owes, it represents it's liabilities.
If a notes payable is replacing the balance on account payable for $24,000, the amount is to be paid off at an interest rate of 4% in the next 60 days.
The journal entry to be raised is a debit of $24,000 to Accounts Payable account to reduce the liability balance, and a credit of $24,000 to Notes payable to indicate we have a loan that is payable in 60 days.
<span>You can benefit from a Supervised Agricultural Experience project in many ways.
You could have your own agricultural business, you could get a job somewhere in agriculture, you could carry out an agricultural science experiment, or you could write a report on agriculture to explore it.</span>
Given :
* Population: all adult residents in the suburb
* Sample: the 50 residents selected
* Statistic: 30% (percentage of people who would be opposed to the tax increase in the sample) 50 x .30 = 15 indicated that they would be opposed.
Answer:
December 31,
DR Bad Debt Expense $25,622
CR Allowance for Doubtful Accounts $25,622
Explanation:
The Allowance for Doubtful Accounts helps provide a sort of cushion for the business by accounting for potential bad debts for the business so that if bad debts occur, they are taken from this account and not the Receivables account.
Coronado estimates that 9% of receivables will be uncollectible so;
= 9% * 329,800
= $29,682
However, $4,060 is already in the account so the new balance that should be brought into the account to ensure that it totals $29,682 is;
= 29,682 - 4,060
= $25,622