Answer:
d.No effect on the expenses of the current period.
Explanation:
In the case when the credit balance of the allowance for doubtful debt more than the bad debt amount i.e. written off
So the entry for writing off against the allowance would result in no effect on the expense for the present period
As the bad debt expense is debited and the allowance for doubtful debt would be credited therefore the option d is correct
Transaction public property
Exemption of the government
Answer:
(i) $1,295 Favorable
(ii) $3,744 Unfavorable
Explanation:
Actual price = Actual cost of materials ÷ Actual materials purchased
= $43,105 ÷ 3,700
= $11.65
Materials price variance = Actual Quantity (Actual Price - Standard Price)
= 3,700($11.65 - $12.00)
= $1,295 Favorable
Standard Quantity = Actual output × Standard quantity per unit of output
= 560 × 4.8
= 2,688
Materials quantity variance:
= Standard Price (Actual Quantity - Standard Quantity)
= $12.00 (3,000 - 2,688)
= $3,744 Unfavorable
Answer:
The answer is: E) modified rebuy
Explanation:
A modified rebuy happens when a company (or an individual consumer) will buy a product or service which it has already purchased in the past. But now the company wants to change either the supplier, the product's specifications or the terms of the sale.
In this case, the store owner had already bought advertising tools before, but not this type.
