Answer:
Explanation:
The T account is presented below:
Allowance for Doubtful Debts
Jan 29 $5,850 Jan 1 Beginning balance $54,200
Aug 9 $11,850 April 18 $4,000
Dec 31 $52,160 Nov 7 $7,000
Dec 31 Unadjusted
balance $4,660
Dec 31 Adjusting entry $64,660
Dec 31 Adjusted balance $60,000
Answer:
$171 Favorable
Explanation:
Actual Variable Overhead Rate = Actual variable overhead cost / Actual direct labor-hours used
Actual Variable Overhead Rate = $9,531 / 2,310
Actual Variable Overhead Rate = $4.125974
Variable overhead rate variance = (Standard rate - Actual rate) * Actual Direct labor hours
Variable overhead rate variance = ($4.20 - $4.125974) * 2310
Variable overhead rate variance = $0.074026 * 2310
Variable overhead rate variance = $171 Favorable
<span>The nash</span> equilibrium would be A. <span> bp and the mini-mart will both not advertise.
The nash equilibrium happens when all of the competitors choose the decision that give the optimal outcome for both of them.
If Bp and mini-mart both choose not to advertise they both will have a similar profit.</span>
PW = FW×(1+i)^-n
PW = $19340×1.15^-1 + $2280×1.15^-2 + $26600×1.15^-3 + $24240×1.15^-4 + $8770×1.15^-5 = $54250.90
hence PW = $54250.90