When prototyping new products, most people will want a presentation on what the prototype will look like, the functions, the benefits, how it differs from previous products or other companies' products and the pricing. A management presentation is important because it should help break down all the information needed before approval of the new product is approved.
Answer:
the bad debt expense is $900
Explanation:
The computation of the bad debt expense is shown below:
bad debt expense is
= Written off amount + estimated uncollectible amount at the year end
= $650 + $250
= $900
We simply added the above two items so that the amount of the bad debts for the first year could come
Hence, the bad debt expense is $900
Answer:
D- income statement accounts are temporary accounts and do not retain their balances from one period to the next.
Explanation:
quizlet
Answer:
Comparing financial statement amounts from year to year for the same company
Explanation:
When you carry out a horizontal analysis of the financial statements of a corporation you compare how the different accounts have changed over a period of time.
For example, you can perform a horizontal analysis to determine how total costs affect net profits in the income statement. You take the 2017, 2018 and 2019 income statements and compare how total costs have evolved during that period or time, and what percentage do they represent of total revenue.
Answer:
C. Total cost per unit times mark-up percentage per unit
Explanation:
The mark-up percentage is assumed to be computed by dividing the desired profit by the total cost.
The dollar amount of the mark-up per unit shall be computed by multiplying the total cost per unit with the markup percentage per unit.
The selling price of the product can be computed by adding the mark-up per unit to the cost price of each unit.
