Impact on Corona virus as one of the socio-economic issues on business

Lin’s Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the b

Nesterboy [21]

What amount should be recorded as Bad Debt Expense for the current year?
Not yet due:
22,000
Estimated Percentage Uncollectible: 3%
Estimated Amount Uncollectible: 660

Up to 120 days past due:
6500
Estimated Percentage Uncollectible: 14%
Estimated Amount Uncollectible:
910

Over 120 days past due:
2800
Estimated Percentage Uncollectible: 34%
Estimated Amount Uncollectible: 952

Estimated Balance in allowance for doubtful accounts: 2522

Current balance in allowance for doubtful accounts: 1200

Bad Debt Expense for the Year: 1322

4 0

2 years ago

Durable goods $3,000 Services 6,000 Business purchases of capital goods 400 Fixed investment 850 Exports 600 Imports 800 Nondura

ASHA 777 [7]

Answer:

$9,700

Explanation:

The computation of the consumption is shown below;

= Durable goods + Services + Non-durable goods

= $3,000 + $6,000 + $700

= $9,700

We simply added the durable goods, services and the non-durable goods so that the consumption could be come

Hence, the consumption is $9,700

Therefore the same is to be considered

6 0

3 years ago

A country has a population of 20,000 people and a GDP of 50 million dollars. What is the per capita GDP of the country?

Karo-lina-s [1.5K]

Answer:

Explanation:

<h3>Given,</h3>

No. of peoples living in a country = 20,000

GDP of the country is = 50 million dollars or $50,000,000

$per \: capita \: gdp \: = \frac{country's \: total \: GDP }{country's \: total \: population}$

<h3>Therefore, </h3>

The per capita GDP of the given country will be

$= \frac{country's \: total \: GDP }{country's \: total \: population}$

$= \frac{50,000,000}{20,000}$

= $2500

<h3>Henceforth, </h3>

The per capita GDP of the given country is $2500 (Ans)

3 0

1 year ago

In the management section of the proposal the contractor should define the that will be performed and provide a of what each maj

SVETLANKA909090 [29]

Answer:

Description of the major tasks.

Deliverables.

Project schedule.

Related experience.

Project organization.

Equipments and facilities.

Explanation:

•Description of the major tasks explains the specific job duties, these duties are the major reasons for the project.

•Deliverables talks about the ability to quantify the project and what will be delivered when the work is completed.

•Project schedule: What needs to be done and the duration or time frame for which the project will be completed. It is the total work required for the project to be promptly delivered.

•Related experience : Any past job experience related to the project, a track record of successfully completed projects as it relates to the present project.

•Project organization: Structures put in place to facilitate supervision and implementation of every required project activity.

•Equipment and facilities: Items needed for the project to be completed.

4 0

3 years ago

Because material costs often make up about 50 percent of total manufacturing costs, vendor selection and material acquisition ge

Y_Kistochka [10]

Answer:

Even if the material costs represent below 50% of total manufacturing costs, vendor selection and material acquisition should be extremely important for a company not only because of the costs of the inputs but also to control their quality.

It is very difficult to produce something if you don't have the correct materials; the correct quantity, the right quality and delivered on time. If any of the three previous characteristics fails, you will face serious problems.

6 0

3 years ago

Impact on Corona virus as one of the socio-economic issues on business​

Impact on Corona virus as one of the socio-economic issues on business