What amount should be recorded as Bad Debt Expense for the current year?
Not yet due:
22,000
Estimated Percentage Uncollectible: 3%
Estimated Amount Uncollectible: 660
Up to 120 days past due:
6500
Estimated Percentage Uncollectible: 14%
Estimated Amount Uncollectible:
910
Over 120 days past due:
2800
Estimated Percentage Uncollectible: 34%
Estimated Amount Uncollectible: 952
Estimated Balance in allowance for doubtful accounts: 2522
Current balance in allowance for doubtful accounts: 1200
Bad Debt Expense for the Year: 1322
Answer:
exist 139,200
Explanation:
Assume that Pell allocates manufacturing overhead based on machine hours, estimated 10,000 machine hours and exist 87,000 that implies that the standard cost per machine hour = exist 87,000 / 10,000 = 8.7 exist
Therefore the manufacturing overhead costs if Pell actually used 16,000 machine hours will be: 16000 x 8.7 = exist 139,200
Webmail also known as email. Providers of webmail include Gmail, Outlook, Yahoo, AOL and much more. These providers allow companies and individuals to stay connected through web emailing. They allow for fast, effortless communication without the lag time of sending something through the post office mail. Webmail can be used to sell and order new products, provide customer service and communicate with those in other parts of the country/world.
Answer: E
Explanation: Ted or Ursula didn't get the reward because Ursula was also a suspect. during the course of Ted investigation information gotten from Ursula interrogating helped in apprehending him. Ted was performing his duties as an officer of the law, Ursula was a suspect so couldn't claim the reward too.
Answer:
the seller must record the land at the purchase price = $137,000
Explanation:
Fixed assets like land must always be recorded at historical cost. This is specially important regarding land because it doesn't depreciate and its carrying value will always be the purchase cost since it cannot be adjusted if the fair market value changes.