Answer:
Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680
Explanation:
Uncollectible accounts are determined by the percent-of-sales method to be 22% of credit sales. How much is uncollectible-account expense for 2014?
Uncollectible Accounst will simply be 22% multiplied by the credit sales figure for the year.
Accounts Receivable.....26,000
Allowance for collectible account...1,500
Credit sales for 2014 ...$94,000
Cash Sales for 2014.....28,000
Collection from customers on account...100,000
Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680
Answer:
HOPE THIS HELPS GOOD LUCK
Explanation:
Station 4, 2,100/month Problem 11-11 The longest process on this "assembly line" will govern the output.
Therefore, the maximum output from this line will be: Output = available time/cycle time = (40 hours per week)*(60 minutes per hour)/1.5 minutes per
Answer:
99 items
Explanation:
Total number of items = 6,800
The number of items per type is:
The number of items of each type counted per day is:
The total number of items counted per day is:
Answer:
c. liable on the ground that Mesa is an intended third-party beneficiary
Explanation:
In a contract, the third-party beneficiary is a business or a person that benefits from the agreement and the terms of the contract that is made between the two other parties. According to law, third-party beneficiary have certain rights which they can enforced if the contract is not fulfilled.
In the context, Mesa is a third party beneficiary. The Mesa County enters into a contract with New Construct Inc. to construct a court house. Now New Construct Inc. again hires the firm Odell to excavate the land site.
While excavating Odell damages few nearby properties, so Mesa County files a law suit against Odell. But Odell argues that Odell is not in agreement with Mesa County or have not entered into with any contract with the County, so Mesa cannot sue the excavator.
But the court hold that as Mesa County is the third party beneficiary of the contract and have certain rights, Odell is held liable for the loss and should compensate for the loss to the County.
Answer:
15%
Explanation:
The formula and the calculation of the price elasticity of supply are presented below:
Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)
where,
Price elasticity of supply = 2
And, the percentage change in quantity supplied is 30%
So, the percentage change in price is
= 30% ÷ 2
= 15%
