Answer:
Bad debts expenses Debit $ 11,750
Allowance for uncollectible receivables Credit $ 11,750
Explanation:
The allowance for uncollectible accounts receivables balances are calculated as a percentage of the receivable balance.
The receivable balances as at December 31, 2018 is
Services provided on account $ 154,000
Cash collections received <u>$ 107,000</u>
Receivables from services uncollected <u>$ 47,000</u>
Estimated percentage considered uncollectible 25 %
Allowance for uncollectible accounts $ 47,000 * 25 % = $ 11,750
Answer: $500
Explanation:
Interest for the period = Amount borrowed * Interest rate * 120/360 days
= 15,000 * 10% * 120/360
= $500
Answer:
D. All members are equally important
Explanation:
Edgenuity 2020
Answer:
<u>Descriptive Research.</u>
Explanation:
Descriptive marketing research aims to observe and discover some market phenomena, so that it is possible to describe, classify and interpret such phenomena, such as what is happening in the market, specifying who, what, where and how.
It is usually carried out through discussions, questionnaires, interviews and specific groups. It serves as a basis for explaining the occurrence of such phenomena encountered.
Answer:
Equivalent units for materials in beginning work process is 6,940 units Equivalent units for conversion in ending work process is 6,800 units
Explanation:
Beginning work process:
Equivalent units for materials = 6,100 + (1,400 × 60%) = 6,940 units Cost per equivalent unit for materials = ($7,800 + $102,700) ÷ 6,940 = 15.92
Ending work process:
Equivalent units for conversion = 6,100 + (1400 × 50%) = 6,800 units
Cost per equivalent unit for materials = ($9,100 + $184,000) ÷ 6800 = 28.40
Cost of ending work in process = (1,400 × 60%) × 15.92219 +(1400 × 50%) × 28.39706
= 33,253 (Rounded off)
