Answer:
the percentage of the allowance for doubtful accounts to the accounts receivable for MGM 15.92%
Explanation:
MGM accounts receivable $562,947,000
MGM Allowance for doubtful accounts $89,602,000
% of MGM allowance for doubtful accounts to the accounts receivable = Allowance for doubtful accounts / Net Accounts Receivable* 100
=$89,602,000/ $562,947,000 (*100)= 15.916= 15.92%
We can check the answer by applying the percentage to the given amount of the accounts receivable = 15.92% of $562,947,000= $ 89621,162 which is almost the same as $89,602,000. We get the slight difference in the numbers due to the rounding off as the actual percentage was 15.916
Answer:
Enterprise Zone
Explanation:
Based on the information provided within the question in regards to the situation at hand, Parker most likely chose to locate in an area called an Enterprise Zone. These are zones that have government policies offering reduced regulations, tax breaks, and other infrastructure incentives in order to get more business into the zone. Which is exactly what Parker needs and is looking at for his business.
Answer:
Calculation of Avoidable Cost:
Direct Materials $3.40
Direct Labor
8.00
Variable manufacturing overhead 8.50
Supervisor's salary 3.90
Total Avoidable Cost $23.8
Note: Depreciation is a sunk cost and not relevant for decision making.
General Fixed Overhead will remain the same irrespective of decision. Hence, not relevant for decision making.
Evaluation of offer:
Loss on Sale from outside supplier (26.70-23.8)*15,500 $(44,950)
Additional Segment Margin earned $27,500
Financial Advantage/(Disadvantage) $(17,450)
Hence, annual financial disadvantage for the company as a result of buying part U16 from the outside supplier = $17,450
Answer:
C. Sale of goods on credit
Explanation:
The current liabilities refer to the financial obligations that a company has to pay within one year and it includes accounts payable, short term debt and wages payable. According to this, the answer is that the option that does not affect the current liabilities section of the balance sheet is sale of goods on credit.