Answer:
$21,000,000
Explanation:
Ratio is used in allocating the research and development cost
This is the expression of relationship between two or more data showing the number of times one data contains or is contained in another data
Total research and development cost = $60,000,000
Revenue
Kentucky = $56,000,000
Arizona -= $ 100,000,000
Illinois = $84,000,000
Total = $240,000,000
Illinois allocation of research and development cost=
84,000,000/240,000,000*60,000,000 =$21,000,000
Answer:
Balance sheet, what amount should Farley report as allowance for uncollectible accounts?
if we take the final balance of accounts receivable $582000
If the wrotte off difference affects the final balance and we do not register additional expenses. $469000
Explanation:
Credit balance allownace 523000
Allowance for uncollective 3%
Wrotte off 636000
Credit sales 19400000
Allowance for uncollective 3%
582000
Credit balance 523000
Wrotte off 636000
-113000
Allownace for uncollectible 469000
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