Answer:
Debit Bad debt expense $19,000
Credit Allowance for doubtful debt $19,000
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Amount that may be uncollectible
= 4% * $600,000
= $24,000
Given that the Allowance for Doubtful Accounts has a $5,000 credit balance before adjustment, the additional amount to be adjusted for
= $24,000 - $5,000
= $19,000
Answer:
"Ordering" is the correct solution.
Explanation:
- Ordering expenses are incurred in purchasing a new shipment of manufactured goods. This would include expenditures for the attempting to place of a purchase agreement, cost savings for the evaluation including its batches expected to receive, ends up costing for documentary evidence, etc.
- The cost of ordering correlated negatively with either the cost of transport. This appears to mean because the much more purchases a business location including its providers, the significantly higher the ordering costs will indeed be.
Answer:
The percentage rate of return for these 298 dairies is 6%
Explanation:
The percentage rate of return is calculated by dividing the profits by total investment, so the given information in the question is,
profits = $18
investment = $300
percentage rate of return = 18/300 = 0.06 = 6%
Answer: parametric
Explanation:
As a general rule of thumb, when the dependent variable’s level of measurement is nominal (categorical) or ordinal, then a non-parametric test should be selected. When the dependent variable is measured on a continuous scale, then a parametric test should typically be selected. Fortunately, the most frequently used parametric analyses have non-parametric counterparts. This can be useful when the assumptions of a parametric test are violated because you can choose the non-parametric alternative as a backup analysis.
Answer:
This is an example of multiple pricing.
Explanation:
Sometimes if you add all the extra charges, like shipping and handling, you might realize that the product being offered by the infomercial is actually more expensive than similar products that you can buy on retail stores or websites.
Infomercials do this on purpose, they use low selling prices as bait, but then they charge very high fees for processing your order and shipping it.
