Answer;
Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
Cost of goods sold = Cost of finished goods available for sale - Ending finished goods
a. Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
331,000 = a - 64,900
a = 331,000 + 64,900
= $395,900
b. Cost of goods sold = Cost of goods manufactured - Ending finished goods
b = 395,900 - 76,800
= $319,800
c. Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
c = 178,600 - 18,800
= $159,800
d. Cost of goods sold = Cost of finished goods available for sale - Ending finished goods
d = 178,600 - 37,500
= $141,100
e. Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
65,800 = 103,400 - e
e = 103,400 - 65,800
= $37,600
f. Cost of goods sold = Cost of finished goods available for sale - Ending finished goods
- missing figure (ending finished goods).
Answer & Explanation: Lena would respond to the buyer's request of wanting a house in the Cuban neighborhood by explaining to her that legally and ethically, she cannot provide housing recommendations based on national origin as it is a form of housing discrimination which is enshrined in the Fair Housing Act. The Act can take several forms, one of which is discrimination based on national origin.
Answer & Explanation:
<u>a.- Revenues: </u>Increase for 3.2 millions
It will be recognize for the entire order, as it was deliveried entirely within the accounting period.
<u>b.- Earnings: </u> Increase for 1.5 millions
The earnings for the business will be the net between the revenues and expenses.
3.2 revenues - 1.7 expenses = 1.5 earnings
<u>c.- Receivables: </u> Increase for 1.8 millions
It will increase for the unpaid portion ofthe order.
<u>d.- Inventory</u> Decrease for 1.7 millions
It will decrease for the entire cost of the order, as it was within this accounting period both, revenues and the expense related to it, will be recognize.
<u>e.- Cash:</u> Increase for 1.4 millions
It will increase for the amount received from the customer. As it was no payment from the business in the transaction.
Answer:
amount of Bad Debt Expense for 2019 = $92,000
Explanation:
A bad debt expense is a uncollectible receivable amount incurred on a credit sale to a customer, who is no longer able to pay the debt, due to bankruptcy or other financial problems. Companies make provision for these kind of credit losses in the allowance for doubtful accounts, and hence records the amount used from the allowance for doubtful accounts as the bad debt expense.
In our example, the allowance for doubtful account for 2019 is $92,000, hence since it was used to settle part of the credit losses, this becomes the bad debt expense.
Answer: Introduction
Explanation:
In discipline such as marketing , an introduction is referred to as or known as a variation or change of the referral where, an addition made to the requesting names of the prospects, the individual or the salesperson tends to asks the prospect consumer or the customer in order to prepare a letter or note that can be further sent to potential consumer or customer.
