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kolezko [41]
2 years ago
15

Shannon Corp. uses the aging method to account for bad debt expense. Shannon determines that a customer account of $10,000 shoul

d be written off as uncollectible. The write off of the account will include
Business
1 answer:
lozanna [386]2 years ago
6 0

Answer:

The write off of the account should include a debit to the allowance for uncollectible accounts, and a credit for bad debt expense:

Account                                             Debit              Credit

Bad Debt Expense                                                  $10,000

Allowance for Uncollectible

Accounts                                          $10,000

This is because under the aging method, when an account is actually written-off, it must be charged against the bad debt expense that was forecasted or anticipated earlier.

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Alyssa was complaining about her workload before the staff meeting began. Later, when the manager announced that twelve parking
Novosadov [1.4K]

Answer: a. Set ground rules to be followed. b. Ignore conflict so that it will blow over. c. Start meetings promptly. d. Introduce a tentative agenda.

Explanation: All the answers given are correct, but Alyssa should be cautioned around her conduct during the staff meeting.

8 0
2 years ago
The benefits of a strategic business plan do not include _____.:
djyliett [7]

Answer:

Early precautionary measures of trouble ahead can not be issued.

Explanation:

Since a strategic strategy maps out a path for the organisation to follow, it will enable it tighten its attention in order to get somewhere. Therefore, strategic preparation will help the organisation create the best priorities and strategies and help others concentrate their energies on achieving them.

8 0
3 years ago
True or False. The standminus−alone cost allocation method ranks the individual users of a cost object in order of users most re
Reptile [31]

Answer:

False

Explanation:

It is 'Incremental cost allocation method' that ranks the individual users of a cost object in order of users most responsible for a common cost (the most responsible will be primary user) and then uses these rankings to allocate the costs among the users (incremental users).

Stand-alone cost allocation method allocates cost proportionately among all users based on a basis which relates to each users proportion of the total. For example the basis could be proportion of sales of responsibility centers to total sales of organization.

6 0
3 years ago
A salesperson earns $350.25 per week plus 12% of her weekly sales. Which of the following describes the sales necessary for the
Natali5045456 [20]
The equation for problem above is:
350.25+12/100*x=800.5
12/100*x=800.5-350.25
12/100*x=450.25
12x=45025
x=45025/12=3752.08

But the question is "at <span>least" $800.50 so the final answer is

</span>x \geq 3752.08<span>
</span>
3 0
2 years ago
Widget Inc. manufactures widgets. The company has the capacity to produce​ 100,000 widgets per​ year, but it currently produces
gayaneshka [121]

Answer:

$62,100

Explanation:

Given that,

Sales price per unit = $ 40

Variable costs per​ unit:

Manufacturing = $ 23

Marketing and administrative = $ 8

Total fixed​ costs:

Manufacturing = $ 76,000  

Marketing and administrative = $24,000

Total incremental costs:

= Variable manufacturing + Variable marketing and administrative

= (6,900 × $23) + (6,900 × $8)

= $158,700 + $55,200

= $213,900

Incremental income:

= Incremental revenue - Total incremental costs

= (6,900 × $40) - $213,900

= $276,000 - $213,900

= $62,100

Therefore, the operating income increases by $62,100.

7 0
2 years ago
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