The new price is $480,000 and it is reduced of a model by 25%. We can find the original price using proportions:$ x --------------------100%$480,000 ----------- 75%x : 480,000 = 100 : 7575 x = 48,000,000x = 48,000,000 : 75x = $640,000$640,000 - $480,000 = $160,000Answer: The original price was $640,000 and $160,000 can be saved.
The journal entries to record the direct write-off method and the allowance method are:
Journal entries
a. May 3
Debit Bad debt $2,000
Credit Account receivable- Joey Company $2,000
b. May 21
Debit Accounts Receivable—Joey Company $2,000
Credit Allowance for Doubtful Accounts $2,000
Debit Cash $2,000
Credit Accounts Receivable—Joey Company $2,000
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Based on estate management definitions, a real estate agent who writes up a contract to purchase a home provides <u>Possession</u> utility.
This is because a <u>Possession</u> utility is a term used in estate management services to describe the proportion of suitability or perceived value from owning a product.
Therefore, in this case, a real estate agent providing possession utility for a home creates a financing term toward possession of the home.
This possession utility is expected to lead to a high chance of home sales.
Other types of economic utility include the following:
Hence, in this case, it is concluded that the correct answer is "<u>Possession</u> utility."
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Solution:
Single factory overhead amount: the amount at which plant overheads or processing overheads are assigned to goods is referred to as single plant overhead rate.
Formula to measure a single plant-wide overhead rate:
Single plant-wide overhead rate :
Different development team overhead rate: this distribution system describes the various divisions engaged in the manufacturing cycle. Factory overheads are assigned to goods on the basis of the overhead cost for each of the manufacturing units.
Formula for calculating various output department overhead:
Multiple production department overhead rate:
For calculate: single plant-wide overhead rate use direct working hours (DLH) as the allocation basis, and measure factory overhead.
Using DLH as the allocation basis to measure a single plant-wide overhead limit.
Single plant-wide overhead rate :
=
For calculate: single plant-wide overhead rate use direct working hours (DLH) as the allocation basis, and measure factory overhead.
Using DLH as the allocation basis to measure a single plant-wide overhead limit.