Answer:
It will have to save 51,224.05 to reach their financial goal of 825,000 in thre years at the given market rate
Explanation:
We have to solve for the annuity-due future value installment
FV $825,000.0000
time 12 (4 quartes x 3 years )
rate 0.0445
C $ 51,224.043
Answer:
On February 1, a customer's account balance of $2,700 was deemed to be uncollectible.
The entry to be recorded on February 1 to record the write-off assuming the company uses the allowance method is:
Debit Allowance for Doubtful Accounts $2,700; credit Accounts Receivable $2,700.
Explanation:
Using the allowance method, every bad debt entry is first reflected in the Allowance for Doubtful Accounts before it is taken to the bad debt expense account.
The entries above reduce the Accounts Receivable account by the amount of the write-off and reduces the Allowance for Doubtful Accounts by the same amount. Any recovery of written off debt is also treated in the Allowance for Doubtful Accounts and the Accounts Receivable account in revised order. This method is unlike the direct write-off method. With the direct write-off method, the Accounts Receivable is credited with the amount of the write-off and the write-off is expensed in the Bad Debts Expense account directly.
Answer:
Which of the following is most likely to be true?
A
Explanation:
A) It will be difficult to find a rent-controlled apartment in Albany or Halftrack; rents for the Halftrack apartments not subject to controls will be higher than they would be without rent control
Answer:
<em>Behavioristic </em>
Explanation:
Behavioral segmentation <em>distinguishes a population based on its actions, the reaction, use or understanding of a product by the community. </em>
Consumer habits is a topic of advertising strategy that has been studied extensively over time.
This is primarily because a customer takes into account many considerations before making a decision.
Answer:
<u>cost of goods manufactured schedule</u>
Raw Materials ($9,180 + $55,020 - $17,480) $46,720
Direct Labor $51,740
Manufacturing overheads :
indirect labor $6,510
factory insurance $4,700
machinery depreciation $4,380
machinery repairs $1,990
factory utilities $3,740
miscellaneous factory costs $1,980
Add Opening Work In Process $5,670
Less Closing Work In Process ($7,610)
Cost of goods manufactured $119,800
Explanation:
Cost of goods manufactured schedule shows a summary of results (cost) obtained from manufacturing activity during the production period.
