Answer:
$3,927
Explanation:
Bad debt expenses:
= Ending balance of allowance account + Write offs - Beginning balance of allowance account
= $11,944 + $9,191 - $17,208
= $3,927
<u> </u><u>Allowance for bad debt account</u>
Particulars Amount Particulars Amount
Write offs $11,944 By balance b/d (beginning) $17,208
To balance c/d (ending) <u>$9,191</u> Bad debt expense <u>$3,927</u>
Total $21,135 $21,135
Therefore, the amount of bad debts expense recognized for the year is $3,927.
Answer: Operational level manager
Explanation:
An operational level manager is someone who is on the bottom rung of management. The person in the operational level manager position is someone who has the responsibility of supervising employees. It is also your responsibility to be aware of the daily operations that may directly affect the external customers of the organization or company. The operational level manager has a great responsibility since his role is crucial for the success of the company.
Other functions of the operational level manager are related to leadership, planning, and control of everything in the company. You must ensure that the work of employees is in line with the objectives of the company, so leadership is essential. They are also in charge of evaluating the personnel and that they keep fulfilling their functions.
Answer: Total supply of sugar = 30,000 + 400P
Explanation:
Given that,
Domestic demand for sugar: Qd = 40,000 − 200P
Domestic supply for sugar: QSD = 10,000 + 300P
Foreign supply: QSF = 20,000 + 100P
Total supply of sugar = Domestic supply + Foreign supply
= QSD + QSF
= 10,000 + 300P + 20,000 + 100P
= 30,000 + 400P
Therefore,
Total supply of sugar = 30,000 + 400P
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Glascro Manufacturing Company had the following unit costs:
Direct materials $20
Direct labor 10
Variable overhead 15
Fixed overhead (allocated) 20
A one-time customer has offered to buy 3,000 units at a special price of $60 per unit.
Because there is unused capacity and it is a special offer, we will not have into account the fixed costs.
Unitary cost= 20 + 10 + 15= 45
Gross profit= (60 - 45)*3000= $45,000
Answer: C) Price-earnings ratio
Explanation:
The Price - earnings ratio is used to calculate the company's share price to its earnings per share. It uses the market value of the stock and thus has the least correlation to the actual inner workings of the company.
The Current and Acid test ratios can be used to calculate if the company is able to cover its current liabilities given its current assets and its most liquid current assets respectively. The Times Interest ratio shows if the company is able to pay its debt payments with the funds available.
The odd one out is therefore the Price-Earnings ratio.
