Answer:
Accounts receivable $361,000 debit
Allowance for uncollectible accounts $560 debit
Net Sales $806,000 credit
0.4% of credit sales are uncollectible = 0.4% x $806,000 = $3,224
adjusting entry:
December 31, 202x
Dr Bad debt expense 3,224
Cr Allowance for doubtful accounts 3,224
Allowance for doubtful accounts is a contra asset account that reduces accounts receivable.
Answer:
the three next cash flows are missing, so I looked for similar questions and found:
- FCF1 = $20 million
- FCF2 = $25 million
- FCF3 = $30 million
in order to determine the company's value, we must first determine the horizon value in 3 years:
horizon value in year 3 = [$30 million x (1 + 5%)] / (11% - 5%) = $31.50 million / 6% = $525 million
the current value of the firm = $20/1.11 + $25/1.11² + $30/1.11² + $525/1.11³ = $18.02 + $20.29 + $21.94 + $383.88 = $444.13 million
the value of equity = $444.13 - $112.60 = $331.53 million
price per stock = $331.53 million / 25 million = $13.26 per stock
Answer: D
Explanation: A survey is usually a study on a group of people (population) to determine the effectiveness or something else. Usually a group of questions. Good luck.
There are many types of malware disguise themselves as a free anti- virus program. I hope this helps! -eagle
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The company uses a predetermined overhead rate of $28 per machine-hour to apply overhead cost to jobs. A total of 21,600 machine-hours were used during the year.
<u>We don't have enough information to calculate the over/under applied overhead and a schedule cost of goods manufactured. But, I can provide with the formulas to calculate 1 and 2:</u>
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1) Based on the predetermined overhead rate and the actual machine-hours for the period you can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
With the allocated overhead you can calculate the over/under allocation:
Over/under allocation= real MOH - allocated MOH
If real MOH < allocated MOH= Overhead was overallocated.
2) cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP