Answer:
$41,980
Explanation:
Allowance for doubtful account records the yearly estimated charge of bad debt expense. It ahd credit nature because it is an contra account receivable account. A bad debt write off is also recorded in this account. Account recivable balance on balance sheet is reported after adjusting Allowance for doubtful account balance.
Allowance for doubtful account
Ending Balance = Beginning Balance + Bad debt Expense for the year - Receivable written off
$11,240 = $10,670 + $42,550 - Receivable written off
$11,240 = $53,220 - Receivable written off
Receivable written off = $53,220 - $11,240 = $41,980
<u>The financial market</u> is considered the marketspace that bring lenders and borrowers together.
The Financial markets is considered any marketplace where the trading of securities may occurs, including the bond market, stock market, forex market, and derivatives market, and many others. This way financial market bring lenders and borrowers together.
These financial markets play a great role in facilitating the smooth operation of the capitalist economies, thus by allocating resources and creating liquidity for businesses and entrepreneurs. Also, such markets trade in all types of securities.
Hence, these financial markets make it easy for buyers and sellers to trade their financial holdings while coming together.
To learn more about financial markets here:
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Answer:
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Answer:
The variance is 4,000 - 4,200 = -200 (favourable variance).
Explanation:
To know the production variance in this exercise, we first need to know the total standard cost, then calculate the difference between the actual cost and the standard one.
Total standard cost = production volume x hour used per one unit produced x overhead cost per hour = 1,000 x 3 x 1.4 = 4,200
So, the variance is 4,000 - 4,200 = -200 (favourable variance).
Answer:
9.50 dollars
Explanation:
The marginal revenue is the revenue generated for an additional sale.
In this case the new customer will generate an additional revenue equal to the service change to him. This amount is for 9.50 dollars. So, this is the marginal revenue for an additional sale.
The rest of the option are incorrect.
