Answer:
Since 20% of the goods of the next quarter need to be produced beforehand in the second quarters start there will already be a starting inventory of (0.2*26,000)=5,200
This means that in the second quarter to meet the the sales (26,000-5,200)=20,800 need to be produced
Also 20% of next quarters unit sales also needs to be produced in the second quarter so (0.2*30,000)=6000
Budgeted production in the 2nd quarter= 20,800+6,000=34,000
Explanation:
Answer:
The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement
Explanation:
The non-collectible accounts expenses on its Year 2 income statement is shown below:
= Ending balance + write off balance - opening balance
= $6,000 + $7,200 - $3,900
=$9,300
The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.
Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement
Answer:
Sole Proprietorship
Explanation:
Sole proprietorships own all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts.
Answer:
O will increase and output and price level will increase as well.
Explanation:
If workers are more educated, the productivity of the country will increase, increasing total output. As investment in training increases, so thus the workers' capacity to perform more efficiently. Also, when the demand for better (or more) trained workers increases, the salary level will also increase. As workers gain training and/or experience, their salaries increase, e.g. on average, a person with a college degree earns much more than someone with just a high school degree. This increase in the level of salaries will lead to an increase in the general price level.
