Answer:
$14,100
Explanation:
The computation of the amount record estimated uncollectible accounts are shown below:
= Credit sales × estimated percentage
= $235,000 × 6%
= $14,100
We simply multiply the credit sales with the estimated percentage so that the accurate amount can come
The journal entry is shown below:
Bad debt expense A/c Dr $14,100
To Allowance for doubtful debts $14,100
(Being the adjusting entry is recorded)
Answer:
$643
Explanation:
Collection in the month of August is made up of
- 20 percent of sales for August
- 70 percent of sales for the month for July
- 8 percent of sales for the month of June
Considering all the elements stated above,Collection in the month of August
= (20% × 610) + (70% × 670) + (8% × 650)
= 122 + 469 + 52
= $643
Answer:
$2
Explanation:
Given that
The fixed cost = $100
Cost on wool if 10 sweater are made in a month = $15
Cost on wool if 11 sweater are made in a month = $17
Since it involves no other cost
So, the marginal cost of the eleventh sweater is
= Cost on wool when 11 sweater made in one month - Cost on wool when 10 sweater made in one month
= $17 - $15
= $2
Answer:
I believe it's "The PDA amendment to the Title VII law made discrimination based on pregnancy illegal"
Explanation:
Jim is analyzing the <u>prospectus </u>through which he learns about the potential for profits, the risk involved, and the capital that is needed to become a shareholder of a company.
<h3>What is the significance of the prospectus?</h3>
It is crucial for an investor to get as a good deal of data as feasible approximately a funding earlier than placing your money into any company. One of the files provided through many businesses is the <u>prospectus. </u>
The prospectus presents you with data approximately the funding and allows you're making a knowledgeable choice as an investor.
Therefore, Jim is analyzing the <u>prospectus </u>through which he learns about the potential for profits, the risk involved, and the capital that is needed to become a shareholder of a company.
Learn more about <u>the prospectus:</u>
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