Select the correct answer.

Wechsler Company uses the aging of accounts receivable method. The company performed an aging of accounts receivable on December

snow_lady [41]

Answer:

The amount of accounts receivable Net = 512000

so correct option is b. $512,000

Explanation:

given data

Accounts receivable = $605,000

Doubtful Accounts = $84,000

Accounts Receivable = $93,000

to find out

amount of Accounts Receivable, Net that will be reported on the balance sheet

solution

we know bad debt expense is difference between 93,000 and 84,000 i.e 9000

so new balance of Allowance for doubtful debts = 93,000

so we can say The amount of accounts receivable Net is

The amount of accounts receivable Net = 605,000 - 93,000

The amount of accounts receivable Net = 512000

so correct option is b. $512,000

4 0

3 years ago

Maria goes to a concert after her mother asked her not to go. The ticket price was $100, and Maria's mom found out and now doesn

igomit [66]

Answer:

Her mother's trust

Explanation:Since opportunity cost is summarily defined as the value of something that must be put on the line in order to acquire or achieve something else, the opportunity cost for maria choosing to go to the concert is her mother's trust. In other words, she gave up her mother's trust to attend the concert.

6 0

3 years ago

A _____ is an organizational group responsible for coordinating the project management function throughout an organization. Proj

-BARSIC- [3]

Answer:

Project Management Office

Explanation:

Project Management Office ( PMO )-

It refers to the group in the business or any agency , which is responsible for maintaining the standard of the project management in the organisation is referred to as the Project Management Office .

The project management office , is the main source of any documentation regarding the project , all the guidance and information is present with the PMO.

Hence, from the given information of the question,

The correct option is Project Management Office.

7 0

3 years ago

Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent

Helen [10]

According to Okun’s law, for every 1 percentage point by which the actual unemployment rate exceeds the natural rate, a negative GDP gap of about 2 percent occurs. The actual unemployment rate exceeds the natural rate by 4 percent. This is calculated as follows :

Actual unemployment – natural unemployment = 9 – 5 = 4%.

Thus, according to Okun’s law the GDP gap is -8%.

If the potential GDP is $ 500 billion, the actual GDP is 8% lower than the potential GDP. In other words, 8% of the $ 500 billion is being forgone because of cyclical unemployment.

GDP forgone = 8% x potential GDP = 8% x 500 = $40 billion

4 0

3 years ago

a company uses the weighted average method of process costing. it had 40,000 units in beginning inventory, which were 70% comple

eduard

A company uses the weighted average method of process costing. It had 40,000 units in the beginning inventory, which were 70% complete as to materials and 80% complete as to conversion and during month it started 110,000 units. At the end of the month, 32,000 units were in inventory which 65% complete as to materials and 60% complete as to conversion. <u>The total cost accounted for the month is $1,614,360 with cost per equivalent unit of productions for direct material is $5.70 and for conversion is $4.87</u>

Weighted average method is an approach to valuing a company's business inventory stock and determines the average cost of all inventory items.

Please reference to the first picture for more information about this case.

From the information we know that:

Beginning work in process inventory:

Direct materials costs $158,200

Conversion costs $193,600

Total beginning inventory cost $351,800

Costs added during the month:

Direct materials costs $632,960

Conversion costs $629,600

Total costs added during the month $1,262,560

Total production costs $1,614,360

Units Materials% Conversion%

Beginning inventory 40,000 70% 80%

Unit started 110,000

Ending inentory 32,000 65% 60%

To find the costs per equivalent units of production, we need to know the total equivalent units of production first.

The total equivalent units of production could be found by adding the units completed and transferred out with units of ending work in process. The equivalent units completed and transferred out could be calculated by adding the unit started at the month to the beginning inventory and eliminating the ending inventory units. Please make sure that the beginning inventory amount calculated here should be counted as 100% instead of the presented percentage in the case.

Equivalent units of production Direct materials Conversion

Equivalent units completed and transferred out 129,200 130,800

Equivalent units for ending work in process 20,800 19,200

Total equivalent units of production 138,800 169,199

Cost per Equivalent unit of production Direct materials Conversion

Costs of beginning work in process inventory $158,200 $193,600

Costs added during month $632,960 $629,600

Total costs $791,160 $823,200

Equivalent units of production 138,800 169,199

Costs per equivalent units of production $5.70 $4.87

For more complete calculation, please refer to the second image below.

Learn more about Weighted Average Method here: brainly.com/question/15095915

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3 0

1 year ago