Explanation:
The journal entries are shown below:
a. Bad debt expense A/c Dr $13,931
To Allowance for doubtful debts $13,931
(Being bad debt expense is recorded)
It is computed below:
= $421,300 × 4% - $2,921
= $13,931
b. a. Bad debt expense A/c Dr $17,722
To Allowance for doubtful debts $17,722
(Being bad debt expense is recorded)
It is computed below:
= $421,300 × 4% + $870
= $17,722
Solution :
The optimal order quantity, EOQ = 
EOQ = 
= 115.47
The expected number of orders = 

= 17.32
The daily demand = demand / number of working days

= 8.33
The time between the orders = EOQ / daily demand

= 13.86 days
ROP = ( Daily demand x lead time ) + safety stock

= 76.64
The annual holding cost = 

= 207.85
The annual ordering cost = 

= 207.85
So the total inventory cost = annual holding cost + annual ordering cost
= 207.85 + 207.85
= 415.7
Higher revenues – demand from positive consumer support.
Improved brand and business awareness and recognition.
Better employee motivation and recruitment.
Answer:
He researches, analyzes, and summarizes information about fraud.
Answer:
Please find the detailed answer as follows:
Explanation:
Step 1. Given information.
Carrying amount 310.000
Fair Value 160.000
Step 2. Formulas needed to solve the exercise.
Impairment loss = Carrying value - Fair Value
Step 3. Calculation.
Impairment loss = $310.000 - $116.000 = $194.000.
Step 4. Solution.
The carrying amount of $310.000 > fair value of $160.000. To measure the impairment loss, just do CV-FV. hence $310.000 - $116.000 = $194.000.
Loss on impairment $194.000
Patent $194.000