A company's competitive advantage will not endure for long when that competitive advantage can be

On December 31, 2017, Jerome Company has an accounts receivable balance of $316,000 before any year-end adjustments.

katovenus [111]

Answer:

The Allowance for Uncollectible Accounts at December 31, 2017 is $10,430

Explanation:

In order to calculate the Allowance for Uncollectible Accounts at December 31, 2017 we would have to make the following calculation:

Allowance for Uncollectible Accounts at December 31, 2017=Estimated Allowance 1-30 days+Estimated Allowance 31-60 days+Estimated Allowance 61-90 days+Estimated Allowance over 90 days

Estimated Allowance 1-30 days=Balance*% Uncollectible

Estimated Allowance 1-30 days=$152,000*1%=$1,520

Estimated Allowance 31-60 days=$87,000*2%=$1,740

Estimated Allowance 61-90 days=$50,000*3%=$1,500

Estimated Allowance over 90 days=$27,000*21%=$5,670

Allowance for Uncollectible Accounts at December 31, 2017=$1,520+$1,740+$1,500+$5,670

Allowance for Uncollectible Accounts at December 31, 2017=$10,430

5 0

3 years ago

A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume

tangare [24]

Answer:

a. What is the MRP?

marginal revenue product = marginal product of labor x marginal revenue per output unit

MRP = 1,500 packages x $0.10 per package = $150

marginal resource cost (MRC) = $100 (the cost of renting the delivery truck)

The company should add the delivery truck because MRP is higher than MRC.

b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?

MRP = $150 (doesn't change from question a)

MRC = $200 (the cost of renting the delivery truck)

The company should not add the delivery truck because MRP is less than MRC.

c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation?

MRP = 750 packages x $0.10 per package = $75

MRC = $100

The company should not add the delivery truck because MRP is less than MRC.

7 0

3 years ago

Which of the following is not a type of savings account? A. Certificate of savings B. Basic savings C. Savings bond D. Money mar

Pepsi [2]

A. certificate of savings

4 0

3 years ago

You are on the Chicago City Council and are interested in how to make urban sidewalk gardens a success in your city. Which of th

Korolek [52]

Answer:

Miami, Florida

Explanation:

If you are looking to learn how to make urban sidewalk gardens a success in your city I believe that one of the best cities to learn and accomplish how to do this would be Miami, Florida. Florida is known as "The Sunshine State" for it's climate which allows for beautiful plants to survive all year round. The city of Miami has taken this advantage and used it to make beautiful urban sidewalk gardens a success. Therefore you might get a lot of information on how to accomplish this by travelling to Miami, Florida.

If you have any more questions feel free to ask away at Brainly

7 0

3 years ago

You are currently earning 12% (APR) compounded semiannually. Your investment company is switching all accounts to daily compound

Sav [38]

Answer:

The rate that will give the same effective annual rate of return is 0.033%.

Explanation:

a) Data and Calculations:

APR = 12%

Semi-annual compound rate = 6% (12/2)

Assumed calendar days in a year = 360 days

Effective daily rate of return = 12%/360 = 0.033%

b) The conversion of semi-annual compounding to daily compounding results in reduced rate of return. In this case, we assume that there are 360 days in a year. Since the APR = 12%, it means that the daily rate of return will be 12%/360, which is 0.033%.

6 0

3 years ago