Answer:
$368
Explanation:
Bad debts also known as uncollectible expenses are the portion of the accounts receivable in accrual accounting that have to be written off as they are eventually not paid by the accounts receivable.
One of the ways of estimating bad debt is allowance method , which is expressing a bad expenses as a percentage of credit sales based on experience and past records.
Days past due balance % uncollectible
Current 11,000 1% 110
30-60 days 2,400 3% 72
61-90 days 1,700 6% 102
Over 90 days 840 10% 84
Total 368
Bad debt expenses to be recognized is $368
Answer:
Roman Company need to borrow of $31,000 to achieve its desired ending cash balance.
Explanation:
In Roman Company:
Budgeted Ending cash balance = Budgeted Beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements = $37,000 + $101,000 - $129,000 = $9,000
Roman Company wants to have an ending cash balance of $40,000,
The company need to borrow: $40,000 - $9,000 = $31,000 to achieve its desired ending cash balance.
Answer:
transfer cost $25
Explanation:
The minimum transfer price is equal to the marginal price.
The marginal price, in this case, will be the variable cost, because there is no additional fixed cost related to the transfer:
This should be analyzed like a special order request, only the variable cos matter unless we incur in additional fixed cost.
Marginal Cost = Variable cost: 25
With the franchise of her Camp Bow Wow, <em>a. It allowed her to work at realizing her </em><em>vision</em><em> and building the </em><em>brand </em><em>rather than the day-to-day </em><em>operations </em><em>of the business.</em>
Heidi did not choose the franchise option because she had experience in founding other franchises, had her fill with corporate life, or needed to recover money wasted on the settlement of her late husband's plane crash lawsuit.
Thus, with her passion for the dog daycare business, she used the franchise option <em>to duplicate and replicate</em> the original business concept., thereby realizing her vision and building the Camp Bow Wow brand.
Learn more: brainly.com/question/18082361
Answer:
The question is not complete. However, the concluding part of the question is the options which are:
(a) Disability income insurance
(b) Long-term care insurance
(c) Major medical insurance
(d) Mortgage insurance
(e) Umbrella liability insurance
The correct option for the question is A. Disability income insurance.
Explanation:
Given that:
- Bob earns $75,000 and Barbara is unemployed.
- The castle's net worth is approximately $190,000
- They have three kids.
To fulfill their highest-priority remaining risk management need, <em>Disability income insurance</em> is needed.
This is because, if Bob were injured or ill and could not work, it will greatly affect the financial situation of the family. Hence the need for the insurance.