Answer:
B. $9,957.
Explanation:
The computation is adjusted amount for Uncollectible account expense is shown below:
= The estimated total uncollectible accounts + debit balance of Allowance for uncollectible accounts
= $7,322 + $2,635
= $9,957
For computing the adjusted amount we added the estimated total uncollectible accounts and the debit balance of Allowance for uncollectible accounts
Answer:
Explanation:
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The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can answer the following.
This scenario best illustrates forward integration.
This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.
Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.
So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.
Answer:
$22
Explanation:
Given that,
Acquisition cost of product ALPHA = $24
Net realizable value for product ALPHA = $23
Normal profit for product ALPHA = $1.00
Market value (replacement cost) for product ALPHA = $21
By applying LCM, the per unit inventory value is determined by deducting the normal profit from the Net realizable value for product.
Per unit inventory value:
= Net Realizable Value - Normal Profit
= $23 - $1.00
= $22
Therefore, the proper per unit inventory value for product ALPHA applying LCM is $22.00.
Answer:
B
Explanation:
Mortgages prevent government regulation of property but involve higher taxes
