2 years ago

Why is the location of a business important to the success of that business?

1 answer:

5 0

Choosing a location for a new business is one of the most important decisions entrepreneurs make during the planning phase of launching ventures. The location of a business can affect many aspects of how it operates, such as total sales and how costly it is to run.

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During 2015, Bears Inc. recorded credit sales of $680,000. Before adjustments at year-end, Bears has accounts receivable of $300

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Answer:

Bad Debts Expense Debit $ 34,440

Allowance for Uncollectible accounts Credit $ 34,440

Explanation:

Computation of amount of uncollectible balances to be recorded

Total accounts Receivable $ 300,000

Accounts past due $ 51,000

Accounts not yet past due $ 249,000

Estimated uncollectible from not yet past due 10 %

Estimated uncollectible from past due 24 %

Estimated uncollectible from not yet past due 10 % * $ 249,000 = $ 24,900

Estimated uncollectible from past due 24 % * $ 51,000 = $ 12,240

Total Estimated Uncollectible amounts = $ 37,140

Available balance in Allowance account $ (2,700)

Allowance for uncollectible accounts to be recorded $ 34,440

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3 years ago

Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory accou

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Answer: $‭238,800‬

Explanation:

Adjusted Cost of Goods for November = Beginning Finished good inventory + Cost of goods manufactured - Ending Finished goods inventory - Overapplied Overheads

Overapplied Overhead = Overhead applied - Actual Overhead

= 60,400 - 56,800

= $3,600

Adjusted Cost of Goods for November = 58,000 + 215,000 - 30,600 - 3,600

= $‭238,800‬

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3 years ago

5. John has two ATM transactions but only one of them has a fee (Interac). 1 point

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Answer:

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Explanation:

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3 years ago

In which countries do people prefer discussing business during meals?

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Hehs donee estable menudo

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2 years ago

10. Suppose the world price of coffee is $3 per pound and Brazil’s domestic price of coffee without trade is $2 per pound. If Br

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2 years ago