Answer:
Alexandra should: study for the quiz as long as her hourly wage rate is less than $20.
Explanation:
We need to determine if Alexandra's studies is worth the sacrifice at her job. This can be solved through the following steps;
<em>Step 1: Determine the value of the study</em>
The value of study=$20
<em>Step 2: Determine the value of the wage</em>
If she decides to sacrifice an hour of wages at her part-time job for $20 worth of study, then her opportunity cost should be at least zero for this decision to be worthwhile. This can be expressed as;
O=S-W
where;
O=opportunity cost
S=value of the study
W=value of 1 hour of work
In our case;
O=should be at least 0
S=$20
W=unknown=w
replacing;
0=20-w
w=$20
This means that she can study as long as her wage rate is less than $20, if the wage rate exceeds $20 then studying won't be worthwhile in terms of value
Case size makes a difference but in general 56 cases per pallet, with 4 layers of 14 cases each would be standard for 12 pack cases standing upright. I would always check with your shipping company to see what their capacity is though.
always check with company standards first because every company is different.
Using the table that is included in the question you will now the answer by looking at the table. The formula to calculate the future value of this account is Pn = P0(1 + r)^n, Pn is the future value of P0, P0 is the original amount invested, r is the rate of interest and n is the number of coumpoundinf periods such as months. The answer in this question is $50,863.92
I took this question already, so if it was
<span>
Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.
It would be "True"
</span>
Answer:
The effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.
Explanation:
Credit sales estimated to be uncollectable = Credit sales * Estimated percentage uncollectable = $215,000 * 1% = $2,150
Ending account receivable = Beginning accounts receivable + Credit sales - Cash collected - Receivales written off as uncollectable - Credit sales estimated to be uncollectable = $76,000 + $215,000 - $271,100 - $2,100 - $2,150 = $15,560
Ending Allowance for Doubtful Accounts = Beginning Allowance for Doubtful Accounts - Allowance for Doubtful Accounts - Receivales written off as uncollectable = $4,000 - $2,100 = $1,900
Therefore, the effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.
