Answer:
The required entries are plot in the following explanation.
Explanation:
(a)
Debit Bad Debt Expense 9,350
Credit Allowance for Doubtful Accounts 9,350
[19,350 - 10,000]
(b)
Debit Allowance for Doubtful Accounts 1,000
Credit Accounts Receivable 1,000
Answer:
b. $750 per direct labor
Explanation:
Calculation for the what was the predetermined overhead rate
Using this formula
Predetermined overhead rate=Factory overhead / Direct labor hours
Let plug in the formula
Predetermined overhead rate=$1,500,000/$200,000 hours
Predetermined overhead rate= 7.5*100
Predetermined overhead rate=$750 per direct labor
Therefore the predetermined overhead rate will be $750 per direct labor
Answer:
C. The present value of cash flows in Investment A is higher than the present value of cash flows in Investment B.
Explanation:
Typically, discount rate represents cost of capital or funds used to finance the investment. This implies that the higher the cost of capital , the lower the present value of cash inflow on the investment and vice-versa.
Hence, the present value of cash flows in Investment A is higher than the present value of cash flows in Investment B, because A has a lower discount rate.
Answer:
C) a local school district
Explanation:
Many school districts already carry out similar policies through Local School Wellness Policy programs. Malnutrition negatively affects kids the most and that is why school districts are currently trying to fight it. Malnutrition is not simply not eating enough food, it means not eating nutritious food at the right amounts. Obese children can suffer from malnutrition, while a slender kid can have a proper and balanced nutrition.
So if someone is seeking for a grant to fight malnutrition, they should go to their local authorities first and get in touch with the school district.
