Answer:
$19600
Explanation:
jarrod will exclude the amount of $16,800 + $2,800 = $ 19,600 from his gross income because since the fees, books, supplies, and equipment required for courses are excludable.
Answer:
The Journal entry is as follows:
Bad Debt Expense A/c Dr. $15,218
To allowance for doubtful accounts $15,218
(To record the bad debt expense in 2017)
Working notes:
Bad Debt Expense in 2017:
= (Sales revenue - allowances) × 2%
= ($801,000 - $40,100) × 2%
= $760,900 × 0.02
= $15,218
Answer:
Penguin patties and mookies should be marketed together
Explanation:
The cross price elasticity of supply calculates the effect of the percentage change in quantity supplied on the percentage change in price
If the cross-price elasticity of supply is positive, it means that the goods are complementary goods.
Complementary goods are goods that are sold together and they should be marketed together.
The decreases in price of penguin patties should lead to a decrease in supply for the complement good. Since the quantity of mookies sold decreases by 5%, they are complements and should be marketed with the penguin patties
Answer:
The controllable variance for the month was $1,709 unfavorable
Explanation:
Controllable variance: The controllable variance show a difference between actual overhead expenses incurred and budgeting operating level based on direct labor hour.
In mathematically,
Controllable variance = Actual overhead expenses - budgeting operating level based on direct labor hour
where,
Actual overhead expenses = $11,227
And, budgeted operating level based on direct labor hour
= budgeted operating level × direct labor per hour
= 6,160 × $2.10
= $12,936
Now, put these values on the above formula:
So,
Controllable variance = $11,227 - $12,936 = $1,709 unfavorable
Hence, the controllable variance for the month was $1,709 unfavorable
Answer:
C. They are most likely to lead anti-globalization demonstrations.
Explanation:
A. Are global citizens. Favours international brands.
B. This refers to Antiglobals. Doesn't like international brands because of their skepticism towards their quality.
C. Refers to Global Agnostics. Prefers national and local brands.
D. Are global dreamers. Favours international brands.
