Answer: a bad debt expense
Explanation:
The estimated expense for accounts that may not be collected is referred to as. bad debt expense. Joyce Corp uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible
Answer:
$44,000
Explanation:
Calculation for the equivalent units for materials
Using this formula
Equivalent unit of material = Completed and transferred out+Normal spoilage+Ending work in process
Let plug in the formula
Equivalent unit of material = $33,000+$3,000+$8,000
Equivalent unit of material = $44,000
Therefore Using the weighted-average method, the equivalent units for materials are $44,000
Answer:
FALSE
Explanation:
The revenue recognition principle state the firm will only reocgnize a revenu once the sercvice is performed. in this case the revenu should be recognize over time after each magazine is delivered or through adjusting entries at year-end or quarter-end. Never entirely as this represent an obligation to delivwer this magazines or return the money. It isn't revenue. It is a liability which becomes revenue over time.
Answer:
The current price is $55.65 as computed below.
Explanation:
The current price of the stock can be computed using the below formula:
Price=dividend/(rate of return-growth rate)
price=$3.20/(0.12-0.0625)
Price=$55.65
The stock of Jerome can be priced at $55.65 based on the fact that it offers return of 12% and the return is expected to grow at 6.25% in perpetuity.
This return shows that the actual return on shares is dividend dividend yield as well as gains yield.Dividend is the return on the share based on dividends receivable from the share, while gains yield stem from share price appreciation
The balance increase for the investments made by Enrique, between years 62 and 68 will be $14,871.
<h3>What is an investment?</h3>
A monetary engagement, with an intention of getting the required or expected rate of return over a predetermined financial period, is known as an investment.
The return for Enrique's investment at the age of 62 years will be,
Similarly, the investment value at the age of 68 years will be $40,210.
So the increase in the investment value between these years will be,
40210-25339=$14,871.
Hence, the value of Enrique's investment is as computed above.
Learn more about investment here:
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