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Mashcka [7]
3 years ago
6

Suppose the total number of minutes provided is less than the total number of minutes estimated, but the total dollar cost of th

e minutes provided is greater than the budgeted cost of estimated minutes. This outcome is most likely to be a function of:
Business
1 answer:
Pani-rosa [81]3 years ago
8 0

Answer:

<u>A</u>

<u>Explanation</u>:

In this scenario note that it resulted to total dollar cost of the minutes provided been greater than the budgeted cost of estimated minutes.

Key word there is that the cost incurred is now above the budget, <u>therefore it is very likely that the technicians were being less competent than anticipated at their level, leading to greater cost.</u>

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Building an organization capable of good strategy execution entails:
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Answer:

a. Staffing the organization, building core competencies, and structuring the organization and work effort

Explanation:

Staffing is the management function undertaken with an objective to hire right people for the most suitable job position, and keeping filled organizational positions throughout.

A core competency refers to those unique capabilities an organization builds over time owing to innovation, creativity or efficient resource management, which yields competitive advantage to the organization. A core competency cannot be easily imitated by the rival firms and provides competitive edge to the firm who possesses it.

Organizational structure would define the hierarchy and define reporting responsibilities of it's employees, the extent of delegation of tasks and the organizational culture.

Thus for an organization to be capable of executing good strategy, the above three are a requisite.

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An aging of Bicycle Company's accounts receivable indicates that $20,000 is estimated to be uncollectible. If Allowance for Doub
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Answer:

The adjustment to record bad debts for the period will be:

Debit Bad debt expense ($20,000 - $3,000)                    $17,000

Credit Allowance for doubtful accounts                            $17,000

<em>(Bad debt expense required)</em>

Explanation:

Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.

Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.

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