Answer:
1. $33,400
2. $24,400
Explanation:
For computing the year-end balance in the allowance for uncollectible accounts first ,we have to compute the ending balance of accounts receivable which is shown below:
Ending balance of accounts receivable = Beginning balance + credit sales - customers’ accounts collected - write off amount
= $300,000 + $1,500,000 - $1,450,000 - $16,000
= $334,000
Now the year-end balance in the allowance for uncollectible accounts would be
= $334,000 × 10%
= $33,400
2. The computation of the bad debt expense is shown below:
= Year end balance of allowance for uncollectible accounts - beginning balance of allowance for uncollectible accounts + written off
= $33,400 - $25,000 + $16,000
= $24,400
Economists suppose that there are various
buyers and sellers in the marketplace which means that competition is
everywhere in the market which in turn allowed price to change in reaction to
changes in supply and demand. In Economics, there are some market structures that
describes how each structure compete in a different competitive situation.
Monopoly is one. Monopoly is one of
the market structures whereby there is one producer or seller which means, the
industry is the single business. This market structure prohibits others from
joining the market when a company has a patent or copyright.
Oligopoly is another market
structure where there are chosen few firms that make up an industry. Both market
structures have high barrier entries where competing markets for share are
interdependent as the consequence of market forces.
Answer:
a. Computers
Explanation:
The MRP refers to the material requirement planning with respect to production, scheduling, controlling of an inventory. It works is to transform the master schedule to the detailed schedule in order to purchase the raw material.
It can be divided into two components i.e independent and dependent demand. The independent demand is held for the finished goods and the dependent demand is for the components
Now for developing the mrp depend upon the recognition between the dependent and independent demand and the second one is computer
Answer:
variable overhead rate 11.96 dollars
Explanation:
5,189,000 manufacturing overhead from which:
2,486,000 are fixed so:
<u>variable overhead: </u>5,189,000 - 2,486,000 = 2,703,000
this overhead is generated from machine hours thus we divide the expected overhead over the machine hours to know the rate.
2,703,000 / 226,000 = 11.96017699 = $ 11.96 variable overhead rate
