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Aleksandr [31]
3 years ago
5

The balance in Accounts receivable was $650000 at the beginning of the year and $760000 at the end of the year. Credit Sales tot

aled $4,130,000. During the year, $410,000 in customer accounts were written off. How much cash was collected from customers during the period?
Business
1 answer:
castortr0y [4]3 years ago
7 0

Answer:

Cash = $3,610,000

Explanation:

Debit: Cash                                             ??

Debit: Bad Debt Expense                $410,000

Debit: Accounts Receivables           $110,000

Credit: Sales                                                        $4,130,000

  • Account Receivables for the period = Closing Balance - Opening Balance

Account Receivables for the period = $760,000 - $650,000 = $110,000

  • Cash = Credit Sales - Accounts Receivables for the period - Bad Debt Expense

Cash = $4,130,000 - $110,000 - $410,000

Cash = $3,610,000

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Answer:

Unitary cost= $62.5

Explanation:

Giving the following information:

Predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours.

Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour.

First, we need to determine the allocated MOH:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 50000/20000= $2.5 per direct labor hour

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 2.5* (1500/5)= $750

Total cost= 4000 + 1500 + 750= $6,250

Unitary cost= 6250/100= $62.5

3 0
3 years ago
Broker Barb takes out a two-page color full-page ad in the weekend paper of her listed properties. What form of advertisement is
romanna [79]

It is the form of product advertisement.

<h3>What is a product advertisement?</h3>
  • Product advertising promotes a specific product of a brand rather than the brand itself.
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  • Direct mail, comparative, cooperative, informational, and outdoor advertising are some kinds of product advertising.
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Therefore, in the given situation it is the form of product advertisement.

Know more about product advertisements here:

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7 0
2 years ago
Floyd owns a chain of diners. He prefers to recruit employees from different ethnic and cultural backgrounds. When he hires new
rewona [7]

Answer:

awareness training

Explanation:

Based on the scenario being described within the question it can be said that in this situation Floyd is using awareness training on his new employees. This type of training focuses on developing specific skills, knowledge and attitudes regarding their own cultural identity as well as the cultural identities of all those around them, and how they can relate to one another.

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3 years ago
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________ enables a manager to make decisions, give orders, and utilize resources. For example, the manager of a local coffee sho
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Answer:

Authority

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A manager as the following authorties

Entrusted with a leadership role, a manager is responsible for overseeing a department or group of employees within a specific organisation or company. Managers are utilised in every sector, and the business model relies on their leadership and ability to operationalise the management structure

4 0
4 years ago
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The following information concerning a proposed capital budgeting project has been provided by Jochum Corporation: Click here to
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Answer:

Correct option  $170,803

Explanation:

Consider the following calculation

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