Answer:
D. $4,900
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales.
Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt.
Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Amount of uncollectible debt estimated
= 4% * $100,000
= $4,000
This represents what the balance in the allowance for doubtful debt account should be at the end of the period. Since the account has a debit of $900, the amount to be posted will be a credit of
= $4,000 + $900
= $4,900
The corresponding debit entry will be posted to bad debts expense.
Answer:
The options are given below:
A. revenue cycle.
B. expenditure cycle.
C. financing cycle.
D. production cycle.
The correct option is A
Explanation:
The revenue cycle is a term that is used in accounting and business which describes the journey pathway a product or service will take from when it is produced to when it is sold.
The revenue cycle starts when an organization delivers a product or provides a service, and ends when the customer makes payment for the product or service.
In the scenario above, we can see that John Pablo's responsibilities are part of the company's revenue cycle because updates accounts receivable based on sales orders and remittances, and sales of products are a part of the revenue cycle of a business organization.
You are correct. It is D. Defective or damaged products. Hope this helps!
Answer:
1st rank Line 3
2nd rank Line 1
3rd rank Line 2
4th rank Line 4
Explanation:
Using a spreadsheet approach all of the costs information can be set in excel such that it starts with costs of direct materials followed by the cost of direct labor with summing up to be prime costs of production.
However,the total indirect is then apportioned to the product in proportion of the product's total direct costs(the prime costs) as done in the attached spreadsheet.
The manufacturing cost per unit is the total manufacturing costs divided by annual production in each case.
Find attached.
