Answer:
(1) Recognition of revenue on account.
The accounting record a sale as usual.
(2) Collection of cash from accounts receivable.
The accounting records the accrued revenues as usual.
(3) Recognition of uncollectible accounts expense through a year-end adjusting entry.
Based on experience or other actors, the company considers a portion of their sales revenecue (or assets i nthe balance heet) to be ficticional.
(4) Write-off of uncollectible accounts.
The accouning simply decrease the acc receivalues and then, it proceeds with the credited agains the allowance.
Explanation:
The rate of increase for these automobiles between the two time periods is 10%
<h3>What is automobiles?</h3>
Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.
In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-
Increased rate = (current value -Initial value )/current value * 100
=( $13,200 - $12,000)/ $12,000 *100
=$1200/ 12000 *100
= 10%
Therefore, the rate of the increase for these automobile between 2 periods is 10%.
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The liability insurance does not cover the intentional harm caused by the insured, Employee injuries or illnesses, Illegal acts or wrongdoing in the event of an accident.
<h3>What is a Liability Insurance?</h3>
Liability insurance is a norm to provide the insured party with some conservation against claims resulting from injuries and damage to people or property, covering both legal costs and any payouts for which the insured party would be responsible if found legally liable.
There are two types of liability coverage: bodily injury and property damage. Many states in the US needs liability coverages, subject to limits, which is the maximum amount the insurer will pay when the incident occurs. For example, a car accident can be expensive. This is why there is a limit of compensation which an insurer can offer.
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Answer:
The correct answer is a. trade salesperson; order taker.
Explanation:
In the situation described, the work carried out by Coors Brewing is evident, and it is understood that he dedicates himself to the commercial area of beer because he takes orders in order to sell it, and is also in charge of offering the space so that people can perceive a good image of the product and agree to buy it.
At labor unit of 0, 1, 2, 3, 4, 5 and 6 total product will be 0, 12, 28, 36, 42, 44 and 44 respectively. Using this inform
Bingel [31]
Answer:
See explanation section
Explanation:
We know,
Marginal Product = ΔQ ÷ ΔL
ΔQ = (
) - (
) [It means current quantity minus previous quantity.]
ΔL = 
[It means current labor unit minus previous labor unit.]
Average product = Total product ÷ Labor
Labor Total Product Marginal Product Average Product
(L) (Q) (
) (
)
0 0 0 0
1 12 (12-0) ÷ (1-0) = 12 (12÷1) = 12
2 28 (28-12) ÷ (2-1) = 16 (28÷2) = 14
3 36 (36-28) ÷ (3-2) = 8 (36÷3) = 12
4 42 (42-36) ÷ (4-3) = 6 (42÷4) = 10.5
5 44 (44-42) ÷ (5-4) = 2 (44÷5) = 8.8
6 44 (44-44) ÷ (6-5) = 0 (44÷6) = 7.3
