Answer:
$219,000
Explanation:
For computation of cost of goods manufactured for May first we need to find out the total manufacturing cost is shown below:-
Total manufacturing cost = Direct material + Direct labor + Manufacturing overhead cost applied to Work in Process
= $60,000 + $90,000 + $64,000
= $214,000
cost of goods manufactured for May = Total manufacturing cost + Beginning work in progress - Ending work in progress
= $214,000 + $20,000 - $15,000
= $234,000 - $15,000
= $219,000
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Answer:
2. He starts his day by looking at how well he’s doing on his company’s key performance indicators.
4. He values what his coworkers think and encourages them to give their opinions in his marketing meetings.
Explanation:
In order to evaluate and adapt, a constant critical analysis and different visions are a sole focus. In order for Levi to grow as strategist, he needs to keep an eye on the goals and keep daily updates of what is done and what more needs to be done.
For him to develop his vision broader, he can take opinions from the coworkers and encourage them for it because it will give him a different perspective of the same situation which is always helpful in terms of finding solutions to problems.
Basic checking account = <span>Both does not earn interest and has a low minimum balance requirement;
</span>interest-bearing checking account = <span>Both earns interest and allows unlimited ATM use;
</span>savings account = Both restricts access to funds through withdrawals;<span>
money market deposit account = pays higher interest than a savings account;
</span>
Answer:Bad debts expense = $3,450
Explanation:Bad debt expense is the expense of account receivable that a business understands will not be paid due to the inability of a customer to pay its outstanding debt. Bad debt can be calculated using the direct write off method and the allowance method.
Here Abbot company uses the allowance method by taking into consideration a reserve which is an estimated percentage of the sales known as an adjusted risk for its customers who may not pay.
Credit sales revenue 115, 000
Estimated Bad debt 3%
Bad debts expense 3% x 115,000 = $3,450