The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.
The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.
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Answer and Explanation:
The computation is shown below:
The revenue earned by team for each game is
= $10 + 50% of $8
= $10 + 4
= $14
Now the revenue for each session is
= $14 × 30 PEOPLE × 6 games
= $2,520
The total cost would be
= $100 × 3 + $1,000 × 3
= $300 + $3,000
= $3,300
And, the team would finished the season for profit of
= Revenue - cost
= $2,520 - $3,300
= $780 loss
Broadbent's model is called an early selection model because <span>the filtering step occurs before the meaning of the incoming information is analyzed.</span>
The things which Jamie Lee <em>might expect</em> as far as reliability and a warranty on the used car is:
- No factory fault
- Low mileage
- Accident free, etc.
<h3>What is a certified pre-owned vehicle?</h3>
This refers to a fairly used car which has been certified by factory standards that has been accident free and has very low mileage and is expected to work without much problems.
With this in mind, we can see that because Jamie Lee has decided to purchase a pre-owned vehicle, the things which she would expect in terms of reliability and warranty is that it should give her little to no problems
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Answer:
Budgeted Total manufacturing overhead <u> $126,600
</u>
Explanation:
The budgeted manufacturing overhead is the sum of the variable and fixed manufacturing overhead.
$
Variable overhead = $6 per direct × 7,600 = 45600
Fixed manufacturing overhead = <u> 81,000</u>
Budgeted Total manufacturing overhead <u> 126,600
</u>
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