Answer:
The unit cost for materials and conversion is $17.08 and $13 respectively
Explanation:
The computation of per unit cost is shown below:
For material:
= (Material cost received + additional material cost) ÷ (equivalent units of material)
= ($7,000 + $78,400) ÷ (5,000 units)
= ($85,400) ÷ (5,000 units)
= $17.08
For conversion:
= (Conversion cost received + additional conversion cost) ÷ (equivalent units of conversion
= ($5,000 + $47,000) ÷ (4,000 units)
= ($52,000) ÷ (4,000 units)
= $13
Answer: Please see explanation for answers
Explanation:
1. Journal entry to record bad debt on January 31st
Date Account Titles and Explanation Debit Credit
Jan. 31st Allowance for doubtful account $1,600
Account receivables ( Customer C. Green) $1.600
2. Journal entry to record recovery of bad debt on March 9
A) To reinstate Amount previously written off
Date Account Titles and Explanation Debit Credit
March 9 Account receivables ( Customer C. Green) $1,100
Allowance for doubtful account $1,100
B) To record payment of account
Date Account Titles and Explanation Debit Credit
March 9 Cash $1,100
Account receivables( Customer C. Green) $1,100
The answer is <span>attribute or benefit positioning
Attribute or benefit positioning refers to creating a certain positive perception among the customers among the strength of our product.
In general, consumers will be attracted to the products that are cheaper in price (economy) , have good functions/quality (reliability) , and not easily broken (durability)</span>
Answer:
When a taxpayer has an underpayment of estimated tax or fall behind on his/her tax prepayment, then he/she is required to pay a penalty on Form 2210. This penalty is called underpayment penalty.
According to the tax laws, Mr. P and Ms. S can avoid an underpayment penalty if their withholding's and estimated tax payments equal or exceed one of the following two safe harbors:
- 90 percent of current tax liability ($200,000 x 90% = $180,000)
- 110 percent of previous year tax liability (110% x $170,000 = $187,000)
From the above calculation, it is clear that Mr. P and Ms. S's withholding's ($175,000) do not equal or exceed the amount of two safe harbors. So, they need to increase their withholding's or make estimated payments to avoid underpayment penalty.
If Mr. P and Ms. S increase their withholding's by $5,000 or make estimated payments of $1,250
per quarter ($5000/4), they can avoid the underpayment penalty.
Mr. Paula and Simon average gross income is greater than $150,000, so 110% is taken.
A best effort approach, in which the investment banker pledges to do his or her best to sell the shares and will take a small percentage of the sale of each stock