Answer:
I will sell u the computer by saying that is one of the best computers in my day.
Answer:
44.44%
Explanation:
Profit is obtained by subtracting cost from revenue.
I,e.,
Profit = revenue - cost.
In this case,
Profit = $135,000 - $75,000
Profit = $60,000
As a percentage of revenue
= $60,000/ $135,000 x 100
= 0.44444 x 100
= 44.44 %
Answer:
Report a prior period adjustment decreasing retained earnings by $1,365,000.
Explanation:
Going by the question we can derive that $2,100,000 is the prior period's warranty. Consequently, it will be charged to the current year's earnings following the deduction of tax, 35%.
(2,100,000 *65) /100 = $1,365,000
This above calculation is so because Under the accrual basis of accounting...operating expense are reported on the income statement in the particular period when they took place or when they expire
The item which is an example of data collected from market research is insights into potential customers.
Market research is the process of gathering information about your target market and the knowing current state of your industry. Thus, it is the research conducted directly with potential customers.
Interviews are considered to be a common type of primary market research that can be either in-depth or as simple as asking a question. For instance, in an interview in market research is conducted when a business calls a current customer to ask how they are enjoying a product they recently purchased.
Hence, the data collected from market research is insights into potential customers.
To learn more about market research here:
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Answer:
a. Acct. receivable % uncollectible Est. uncollectible
1-30 days old $63,000 3% $1,890
31-90 days old $12,000 14% $1,680
> 90 days old $5,000 37% <u>$1,850</u>
Total <u>$5,420</u>
b. Date General journal Debit Credit
Dec 31 Bad debts expenses $5,150
Allowance for doubtful accounts $5,150
($5,420 - $270)
