Answer:
total expected bonus = $1262800
Explanation:
given data
bonus = $23,000
Probability = 12 percent
bonus = $10,000
Probability = 25 percent
bonus = $6,000
Probability = 8 percent
total sales = 220
solution
first we get probability for bonus amount = $0
probability = 1 - ( 12% + 25% + 8 % )
probability = 0.55
so here Expected bonus per employee company will pay is
Expected bonus = $23000 × (0.12) + $10000 × (0.25) + $6000 × (0.08) + $0 (0.55)
Expected bonus = $5740
so total expected bonus is
total expected bonus = $5740 × 220
total expected bonus = $1262800
Answer:
A loss on sale of $5,000
Explanation:
Calculation to determine what the company should record at the time of sales
First step is to calculate the Book value as on date of sale using this formula
Book value as on date of sale=Cost-Accumulated depreciation
Let plug in the formula
Book value as on date of sale=87,000-40,000
Book value as on date of sale=$47,000
Based on the above calculation the sale proceeds is lower than the book value as on date of sale which indicate a loss
Hence:
Loss =($47,000-$42,000)
Loss=$5000
Therefore At the time of sale, the company should record: A loss on sale of $5,000.
Institutions provided omnibus survey which consists combined questions forming one large questionnaire to student groups. It is a way of conducting marketing research to collect various data from the subjects of the study, wherein it is also called as the "piggyback survey."
Answer:
c. the cost of driving the next 25 miles, but not the cost of driving the first 500.
Explanation:
500 miles already have been driven and all the cost incurred before is considered to be sunk cost for the decision to be made. Any additional cost to change the decision or make the decision will be the opportunity cost of that event. In this example only 25 miles cost will be an opportunity cost of visiting the attraction never been visited before.
Answer:
Given:
Accounts receivable = $9,000
Allowance for Doubtful Accounts (current year) = $6,800
Estimated uncollected accounts expense = $7,200
The balance of the Allowance for Doubtful Accounts to be reported on the balance sheet at year-end can be computed as:
Allowance for Doubtful Accounts (at year end) = Allowance for Doubtful Accounts (current year) + Estimated uncollected accounts expense - Accounts receivable
Allowance for Doubtful Accounts (at year end) = $6,800 + $7,200 - $9,000
Allowance for Doubtful Accounts (at year end) = $5,000
∴ <em><u>The balance of the Allowance for Doubtful Accounts to be reported on the balance sheet at year-end is $5,000.</u></em>