Answer:
Bad debt expense for 2020 is - $ 2,234
Explanation:
Adjustment to the Allowance for Doubtful Debts (Increase or Decrease) are recorded in the Income Statement as part of Bad Debts Expenses as follows;
<em>Increase in Allowance for Doubtful debts = Increases the Bad Debts Expense</em>
<em>Decrease in Allowance for Doubtful debts = Decreases the Bad Debts Expense</em>
During the Period Allowances for Doubtful Debts are calculated as :
Allowances for Doubtful Debts = $53,600 × 6%
= $ 3,216
Bad Debt Expense = $ 3,216-$5,450
= - $ 2,234
Depreciating Assets could be anything you own that is losing its value. It could be in the form of stocks, valuables, a car, a house.
Answer:
A financial management information system generates data that recipients find to be relevant to their decision-making and reporting processes.
Answer:
$0.32 per share
Explanation:
For computing the lower price per share first we have to find out the average cost per share which is shown below:
1 $400 ÷ $13 = 30.769
2 $400 ÷ $10 = 40.000
3 $400 ÷ $8 = 50.000
4 $400 ÷ $9 = 44.444
$1,600 = 165.213 shares
Average cost per share = Total cost ÷ total number of shares
= $1,600 ÷ $165.213 shares
= $9.68 per share
And, the average price per share is
= ($13 + $10 + $8 + $9) ÷ 4
= $10 per share
So, the lower value is
= $10 per share - $9.68 per share
= $0.32 per share
You just went into the cookie business. To determine a price for your cookies, you calculate your input costs.
Figuring out the cost of overhead items such as labor and material used in the production of your cookies will help you determine a more exact direct cost per <span>cookie. </span>
