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3 years ago

Two methods of estimating uncollectible receivables are? ________.

1 answer:

4 0

The answer is an aging-of-accounts-receivable method and the percent-of-sales method. More often than not, when a credit alteration is gone into the Allowance account, a relating charge sum is gone into Bad Debts Expense. The maturing technique happens by sorting an organization's records receivable as per the dates of these unpaid solicitations.

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Red Raider Company uses a plantwide overhead rate with direct labor hours as the allocation base. Next year, 560,000 units are e

andrew11 [14]

Answer:

d. $11.11 per unit

Explanation:

Plant wide overhead rate = Total manufacturing cotsts / Total direct labor hours

Plant wide overhead rate = ($2,530,000 + $900,000) / (168,000+110,000)

Plant wide overhead rate = $3,430,000 / 278,000

Plant wide overhead rate = $12.34 per DLH

Overhead cost per unit = Plant wide overhead rate * Direct hours per unit

Overhead cost per unit = $12.34 * 0.90

Overhead cost per unit = $11.11 per unit

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3 years ago

Mary Sunny began business as Sunny Law Firm on November 1. Record the following November transactions by making entries directly

Alenkinab [10]

Answer:

Dr. Cash 15000

Dr. Law Library (Asset) 6000

Cr. Mary (Capital Account) 21000

Dr. Office equipment 7500

Cr. Account Payable 7500

Dr. Cash 1500

Cr. Income / Revenue 1500

Dr. Account Payable 3500

Cr. Cash 3500

Dr. Account Receivable 4000

Cr. Income / Revenue 4000

Dr. Marry (Capital Account) 2000

Cr. Cash 2000

Dr. Cash 2500

Cr. Account Receivable (e) 2500

Dr. Salary Expense 2500

Cr. Cash 2500

Explanation:

*Trial Balance and T accounts are made in an MS Excel file which is attached please find.

Download xlsx

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3 years ago

Sales force training is part of the

daser333 [38]

Answer: Organizational Development (HR)

Explanation: Sales force Training is a part of Organizational Development (HR), as there work isn't just to hire also it includes to train them and educate them so they can choose their path appropriately. Also it will help them upskilling which in long run will help to be the future leaders

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4 years ago

On August 5, 2021, Ivanhoe Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set

Kay [80]

Answer:

Total profit for units sold for consignor is 15240 $

Explanation:

Revenue generated from the sale is equal to 40 * 750 $ = 30000$. Since this is consignment sale, revenue belongs to consignor minus the commission and expenses of the consignee. Therefore: 30000-1500-500-680 = 27320$. As the cost of each set was 250 and 40 sets were sold, total amount is 10000 and the cost of shipping 40 sets was 2080, total profit is therefore 15240$. The cost of shipping 40 sets we can get if we divide total cost with the number of sets shipped. Then we get cost per unit and since 40 sets was sold the shipping cost of that sale was 2080$.

6 0

3 years ago

A firm offloads some of its production costs to 3rd parties. This would contribute to market failure because

ehidna [41]

The activity of the firm contributes to market failure because it leads to negative externlity.

<h3>What is negative externlity?</h3>

Negative externality occurs when the costs of economic activities is greater than the benefits to third parties not involved in production is greater than the benefits. An example of an activity that generates negative externality is pollution.

To learn more about externalities, please check: brainly.com/question/26266710

6 0

2 years ago