Channel assembly is the technique where a manufacturer sends individual components (rather than assembled units) to a distributor.
<h3>What is
Channel assembly?</h3>
Channel assembly serves as the means whereby the manufacture send his product in different entity to the other distributors, this is different from sending in bulks.
This medium uses smaller units , hence, Channel assembly is the technique where a manufacturer sends individual components (rather than assembled units) to a distributor.
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Answer:
Dr. Bad Debt Expense $5,470
Cr. Allowance for uncollectible accounts $5,470
Explanation:
The Allowance method requires to recognize the estimated bad debt expense int he period of sale. For this purpose an adjusting entry is made using an estimed percentage value of sales as uncollectible accounts.
Allownace for Uncollectible accounts = $547,000 x 1% = $5,470
Answer:
$13,000
Explanation:
Given that:
Jeremy operates a business as a sole proprietorship which uses a cash method of accounting. Now he is planning transfer them into a new corporation in exchange for its stock.
The assets are :
$10,000 of accounts receivable with a zero basis
have a basis of $20,000 and an FMV of $40,000
Liabilities
payable of $12,000
The note payable on medical equipment is $7,000.
Therefore , Jeremy's basis for his stock is : $20,000 -$7,000 = $13,000
since that will reduce the basis by amount of the note payable.
The liabilities payable will be deducted and taken care of by the corporation.
It seems that you have missed the necessary options to answer this question, but anyway, here are the answers. These are the ones that represent typical account fees and this would be ATM fee, Service Fee and Minimum Balance Fee. Hope this answers your question.
Answer:
$7,828.869
Explanation:
For computing new annual installment first we have to determine the equivalent worth of borrowed amount i.e $30,000 which is shown below:
= Borrowed amount × (1 + interest rate)
= $30,000 × (1 + 0.07)
= $30,000 × 1.07
= $32,100
Now the new annual installment is
= Equivalent worth of borrowed amount × (A/P,7%,5%)
= $32,100 × 0.24389
= $7,828.869
Refer to the A/P table for determining the factor