A technical writer is a professional information communicator whose task is to transfer information between two or more parties.
The correct answer is choice b.
Revenue is normally recognized when the services are rendered. At this point in the accounting cycle you would make an entry to record the sale. It would be a credit to Sales/Revenue and a debit to either cash or accounts receivable.
Answer:
a. Are expenditures necessary and integral to finished products
Explanation:
Product cost includes those cost which is used to make the finished product. It is a combination of the direct cost of materials, the direct cost of labor, and overhead cost of production
In mathematically,
Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost
So, It is a mix of direct material cost, direct labor cost., and the manufacturing overhead cost.
Answer:
(a) What was the total of accounts written off during the first 11 months?
bad debts written for the first 11 months = allowance for bad debt accounts January 1 balance + bad debt expense - allowance for bad debt accounts November 30 balance = $13,085 + $21,937 - $9,919 = $25,103
(b) As the result of a comprehensive analysis, it is determined that the December 31, 2010, balance of the Allowance for Bad Debts account should be $9,450. Show the adjustment required in the journal entry format.Allowance for bad debt Debit $Bad debt expenses Credit $
to determine the amount of bad debt expense that must be adjusted, we must subtract the estimated balance in December 31 from the balance in November 30 = $9,919 - $9,450 = $469. Since the November 30 amount is larger, it means that we over estimated our bad debt expense and it must be reduced:
Dr Allowance for doubtful accounts 469
Cr Accounts receivable 469
I believe the answer is: Similar to large businesses, small business have concerns about obtaining capital and good marketing and management practices
The only difference between the two is the methodology.
Large businesses could afford to obtain larger amount of capital in a large scale by selling stocks, which make them have money to pay large marketing campaign. Small businesses on the other hand tend to have rely on private investor and could only afford to pay small targeted marketing.
