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cupoosta [38]
3 years ago
12

The balance in Allowance for Doubtful Accounts will directly impact the end-of-period adjustment for bad debt expense when using

the a. accrual method b. direct write-off method c. allowance method based on aging the receivables d. declining value method
Business
1 answer:
sergiy2304 [10]3 years ago
8 0

Answer:

<u>C</u>

Explanation:

Because in the aging method, you firstly calculate the aging of the items. And then, in the end of the period, you build the Allowance for Doubtful Accounts estimating the collections that are hard to get the amount of money.

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Wooten &amp; McMahon Enterprises produces a product with the following per-unit costs: Direct materials $13.00 Direct labor 8.80
Setler [38]

Answer:

b.$5,912.50

Explanation:

The computation of the operating income is shown below:

= Sales - Direct materials cost - Direct labor cost - Manufacturing overhead cost - Total selling and administrative expense

where,

Sales = Number of units × selling price per unit

         =  825 units × $74.80

         = $61,710

Direct materials cost = Number of units × Direct materials per unit

         =  825 units × $13

         = $10,725

Direct labor cost = Number of units × Direct labor per unit

         =  825 units × $13

         = $7,260

Manufacturing overhead cost = Number of units × Manufacturing overhead per unit

         =  825 units × $16.50

         = $13,612.50

And, the Total selling and administrative expense is $24,200

Now put these values to the above formula

So, the value would equal to

= $61,710 - $10,725 - $7,260 - $13,612.50 - $24,200

= $5,912.50

6 0
3 years ago
A single taxpayer earns $500,000 of salary income and $20,000 of interest income in 2019. The taxpayer is a material participant
sukhopar [10]

Answer:

$220,000,

Explanation:

Given that:

  • $500,000 of salary income
  • $20,000 of interest income in 2019

So the total income of the taxpayer is: $500,000 + $20,000 = $520,000

As we know that, AGI (Adjusted gross income) is used to calculate how much income of a taxpayer is taxable. They are expenses incurred by the earner which are deducted before taxing.

In this situation, his share of the partnership's loss for the year is $300,000, so the taxpayer will report an AGI of:

$520,000  -  $300,000

=  $220,000

I hope it will find you well.

6 0
3 years ago
Read 2 more answers
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s recor
Delicious77 [7]

Answer:

Income statement for the year XXXX ended August 31th

Consulting fees earned 27,000

Rent expense                    9,550

Salaries expense              5,600

Telephone expense             860

Miscellaneous expenses <u>    520  </u>

Total expenses                 16,530

Net income                      10,470

Explanation:

To solve for net income we have to subtract revenue for expenses

the expenses will have the word expense in their name,

Is important to notice dividends are not expense as they represent the distribution of earned to the stockholders or owners of the company. It doesnt' represent an expense associate with the outgoing business activities.

5 0
3 years ago
Adrian is one of several engineers applying for a job recently advertised on the internet. While writing his email cover letter,
umka2103 [35]

Adrian is one of several engineers applying for a job recently advertised on the internet. While writing his email cover letter, adrian should identify the position applied for in the project line.

In an email  while applying for any job, jobseeker should use the job title as the subject line, so  that the employer get to  know what position the jobseekers are interested in.

That helps the  busy hiring managers who are recruiting for multiple positions to  see at a glance which job jobseeker are applying for.

Mentioning the job title which  is also helpful in the case there is an automated filter that categorizes the hiring manager’s email. With the right subject line, jobseeker will be sure that his application is placed in the appropriate folder to be seen in a timely manner.

To know more about job title here:

brainly.com/question/12174315

#SPJ4

7 0
2 years ago
All businesses encounter difficulties and must deliver bad news. Bad news can be disappointing, irritating, and even maddening t
Stella [2.4K]

Answer:

The correct option is A

Explanation:

In order to reduce the bad feelings which are linked with the negative messages, one must make sure that the receiver knows the reason for the rejection and feels the news was sensitive and also believes that the matter was handled carefully and fairly.

A negative message which is insincere could be irritating, maddening and frustrating to the receiver. So, the message should not lead the reader to trust or believe.

5 0
3 years ago
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