Answer:
Target Cost $12
Explanation:
<em />
<em>Target Sales Price 20
</em>
<em>Gross Mark up 20 * 40% (-8)
</em>
Target Cost $12
To calculate the target cost is necessary to rest the gross mark up to the target sales price.
Finish to start dependency- This is the most common type of dependency in project management as well as real life.
Answer:
- Dr Bad Debt expense 6,000
- Cr Allowance for Doubtful Accounts account 6,000
Explanation:
The total estimated bad debts are $4,800 (= $80,000 x 6%). So the Allowance for Doubtful Accounts account ending balance should be $4,800. Since this account is a contra asset account, the ending balance should be $4,800 credited.
But currently the account has a $1,200 debit balance (it's like -$1,200), so the adjustment record must be = $4,800 + $1,200 = $6,000
That way the ending balance = $6,000 - $1,200 = $4,800
The journal entries should be:
- Dr Bad Debt expense 6,000
- Cr Allowance for Doubtful Accounts account 6,000
The answer that best fits the blank provided above is the term AGENTS. Agents are different from merchant wholesalers in terms of possession of the goods. What agents do is the facilitation of the process of the distribution of goods and they do not have any goods on hand.