Answer:
Debit to bad debts expense in the amount of $5,000
Explanation:
The computation of the bad debt expense is shown below:
= Credit sales × estimated percentage given
= $500,000 × 1%
= $5,000
The journal entries are also shown below; for better understanding
Bad debt expense A/c Dr $5,000
To Allowance for doubtful debts $5,000
(Being bad debt expense is recorded)
The other information which is given in the question is not relevant. Hence, ignored it
<h2><em>Tha</em><em>nks</em><em> for</em><em> </em><em>points</em><em>.</em><em>✌️</em><em>✌️</em><em>✌️</em></h2>
Complete question:
Which of the following would usually be found on a job cost sheet under a normal cost system?
Actual direct material cost Actual manufacturing overhead
A) YES YES
B) YES NO
C) NO YES
D) NO NO
A) Choice A
B) Choice B
C) Choice C
D) Choice D
Answer:
B) Choice B (YES, NO)
Explanation:
In a job cost sheet, under a normal cost system, only the actual direct material cost can be found on the job cost sheet. The actual manufacturing overhead cost is usually not found on the job cost sheet under a normal cost system.
Thus we have:
Actual direct material cost-------- YES
Actual manufacturing overhead----------- NO
Correct option is option B (Yes, No)
<span>The answer is to equalizes the marginal utility per dollar for all goods.
Marginal utility is the additional satisfaction a consumer gains from consuming one more unit of a good or service.</span>
Answer:
The market analyst is requesting you to perform a formal research.
Explanation:
Formal research is a research style used by researchers (and students) that uses a very formal structure in order to carry out a scientific research (or very similar type). Formal research obtains and analyzes data in a controlled and systematic manner, that tries to avoid subjective bias and focuses on objective information.