Answer: Bad Debt expense= $34,500
Explanation:
Bad debt expense is the account receivables that a business records amount that would not be received due to lack of payment by its customers.
Using the percentage of receivables method,
Estimated uncollectibles = $14,900
unAdjusted balance in Allowance account = $ 19,600 debit
Bad Debt expense = Estimated uncollectibles +Unadjusted balance of a debit = $14,900 + $19,600= $34,500
This amount of $34,500 will now be recorded through an adjusting entry, The Bad Debt expense will be debited.
Answer:
C. Horizontal
Explanation:
Horizontal integration refers to the situation whereby a company acquires or merges with another company who is at the same level with them on the value chain. It is a business strategy usually aimed at acquiring a larger market share as we can see with this situation. Many companies are horizontally integrated whereby they combine with their competitors in the same level to gain upper hand in the market leading to more revenue and income. Here, Sanibel merged with Vroom who is the same stage in the value chain.
Answer: Reduce output
Explanation: Profit = Total Revenue – Total Costs
Therefore, profit maximization occurs therefore, profit maximization occurs at the most significant gap or the biggest difference between the total revenue and the total cost.
TC = AC×Q = $4×500 = $2,000
Theoretically, profit maximization occurs where MR = MC
From the forgoing, producing an extra unit will increase the cost of the company thereby reducing profit.
The company should reduced output to around 499 units or less
Answer Explanation:
(a) Income Statement
(b) Retained Earnings Statements
(c) Cash Flow statemennt or Balance sheet
(d) Balance sheet
(e) income statement
(f) cash flow if Flurry uses indirect method
(g) cash flow statement, investing activities
(h) balance sheet
(i) income statement
(j) income statement or retained earnings statement
(k) balance sheet
(l) retained earnings statemnt or balance sheet
(m) balance sheet
(n) balance sheet