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3 years ago

PB4.

Business

1 answer:

EleoNora [17]3 years ago

4 0

Answer:

Explanation:

Cost of advertising the product - Selling & Administrative Cost

Fabric used to make the umbrellas -Direct Materials Cost

Maintenance of cutting machines used to cut the umbrella fabric so it will fit the umbrella frame -Manufacturing overhead Cost

Wages of workers who assemble the product - Direct labour Cost

President's salary - Selling & Administrative Cost

The salary of the supervisor of the people who assemble the product - Selling & Administrative Cost

Wages of the product tester who stands in a shower to make sure the umbrellas do not leak - Direct labour Cost

Cost of market research survey - Selling & Administrative Cost

Salary of the company's sales managers - Selling & Administrative Cost

Depreciation of administrative office building - Selling & Administrative Cost

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Crane Company has outstanding accounts receivable totaling $6.40 million as of December 31 and sales on credit during the year o

atroni [7]

Answer:

$320,000 or $0.32 million

Explanation:

In accounting, the percentage of bad debt expenses is applied to the outstanding accounts receivable at the end of a particular accounting period.

In the question, the end of the accounting period is given as December 31 and the outstanding accounts receivable as at that December 31 is a total of $6.40 million. Therefore, we will disregard other values and simply apply 5% to the the outstanding accounts receivable of $6.40 million as at that December 31 as follows:

Bad debt = Outstanding accounts receivable × 5%

= $6.40 million × 5%

= $6,400,000 × 5%

= $320,000

Therefore, the amount of bad debt expense to recognized for the year is $320,000 or $0.32 million.

5 0

3 years ago

An increase in total assets: means that net working capital is also increasing. requires an investment in fixed assets. means th

lesantik [10]

Answer:

Must be offset by an equal increase in liabilities and stockholders' equity

Explanation:

Accounting Equation is stated as :

Asset = Equity + Liabilities

thus

<em>The Left Hand Side must always equal the Right Hand Side.</em>

therefore,

An increase in total assets: must be offset by an equal increase in liabilities and stockholders' equity.

7 0

3 years ago

Using these data from the comparative balance sheet of Sunta Fe Spice Company, perform horizontal analysis. (Round percentages t

frozen [14]

Answer:

75000,25%;

18000, 30%.

420000, 15%.

Explanation:

From the question above we are given the following parameters Accounts receivable for year 2017 = $ 375,000,

Inventory for the year 2017 = 780,000 and the Total assets for the year 2017 = 3,220,000.

Accounts receivable for year 2016 = $ 300,000, inventory for the year 2016 = 600,000 and the Total assets for the year 2016 = 2,800,000.

Therefore, we have the following simple arithmetic(which is subtraction between the variables in the two years) to determine the solution to the question:

(375,000 - 300,000) = 75,000 = 25%(increase).

(780,000 - 600,000) = 180,000 = 30%(Increase).

(3,220,000 - 2,800,00) = 420,000 = 15%(increase).

8 0

3 years ago

Read 2 more answers

Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $533,5

olga nikolaevna [1]

Answer:

D. $605,500

Explanation:

The computation of the expected balance in retained earnings on the 2018 is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $533,500 + $112,000 - $40,000

= $605,500

We simply applied the above formula so that the ending balance could arrive by considering all the items given in the question

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3 years ago

. What could they have done differently to save the franchise?

goldfiish [28.3K]

Answer:

Make research easy and entice new prospects by posting everything online.

Don't shock or overload stakeholders – drip feed information.

Plan for growth, achieve big goals.

Connect people and encourage conversations for bigger investments.

5 0

3 years ago