Answer:
Journal Entry
Explanation:
The Journal Entry is shown below:-
Bad debt expense Dr, $180
To Accounts receivable $180
(Being bad debt expenses is recorded)
Working Note:-
Bad debt expense = $6,000 × 3% = $180 is estimated
Therefore for recording the bad debt expenses we debited bad debt and credited accounts receivable.
Answer: 71%
Explanation:
The Budgeted material loading charge was 84% of material cost of $1,268,000.
Yet the actual loading cost was $164,840 which means that actual loading cost percentage is:
= 164,840 / 1,268,000 * 100%
= 13%
Profit margin = Budgeted percentage - Actual percentage
= 84% - 13%
= 71%
Economy comes from the Greek words household and manage which basically mean a are where production , distribution , or trade and consumption of goods and services by different agencies in a given location.
