Allocative efficiency is concerned with :________

In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of

mash [69]

Answer:

Bad debt expense: 114,000

Explanation:

Dinty Inc. during the year canceled the accounts receivable it had attempted to collect and failed for $ 32,000 and reported a provision for bad accounts of $ 82,000. Both operations have to be registered against "Bad debt expenses" because they represent accounts receivable that are presumed to be without recoverable value.

Bad debt expense 114,000

Accounts receivables 32,000

Provision for bad accounts 82,000

114,000 114,000

4 0

3 years ago

The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 4 square feet at $2.80 per square

chubhunter [2.5K]

Answer:

Direct material quantity variance= $1,400 unfavorable

Explanation:

Giving the following information:

Direct material standard: 4 square feet at $2.80 per square foot

Direct material purchased: 34,000 square feet at $3.20 per square foot

Direct material consumed: 32,900 square feet

Manufacturing activity: 8,100 units completed

We need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 8,100 units*4= 32,400 feet

Actual quantity= 32,900

Direct material quantity variance= (32,400 - 32,900)*2.8= 1,400 unfavorable

3 0

3 years ago

Which of the following conditions might result in the best financial decisions?

Lyrx [107]

The personality dimensions mentioned in the question all refer to the Five Factor Model; with one of the dimensions missing, which is neuroticism. A person with high levels of (C) conscientiousness would make the best financial decisions, mainly because they are well-organized and prudent about things, which also translates to how they manage their finances.

7 0

3 years ago

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List the four stages of ability development. Provide an example of a person developing a specific ability. What would each stage

docker41 [41]

Jean Piaget was a Swiss philosopher and psychologist who introduced a theory of cognitive development like Sigmund Freud Jean thought human development can be described in stages (of course leaving the sexuality part of Freud out). The stages are:
Sensorimotor. Birth through ages 18-24 months (Explorer)

Preoperational. Toddler-hood (18-24 months) through early youth (age 7)
( children learn to think abstractly, understand symbolic concepts, and use language etc.)

Concrete operational. Ages 7 to 12 (Understanding complexities)

Formal operations: Pre-adulthood through adulthood (Hypothetical, and theoretical reasoning)

4 0

3 years ago

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What do organisations need to consider when implementing best practice performance management systems?

kolbaska11 [484]

Answer:

Remember that performance review is NOT performance management. ...

Identify the purpose of managing performance. ...

Clarify the work to be done. ...

Set goals and establish a performance plan. ...

Conduct regular and frequent coaching. ...

Conduct a formal review of performance.

Explanation:

YOU COULD'VE JUST LOOKED IT UPPPPP AHAHAHHABHADGHVDBGVFHJF

7 0

3 years ago

Allocative efficiency is concerned with :_________.