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3 years ago

10

each of the following inventors developed machinery that would lead to the increased productivity of farmers between 1790 and 18

40 EXCEPT

1 answer:

xenn [34]3 years ago

3 0

<span> c) Samuel Morse becasue he the only person

</span>

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Ayayai Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $200,

Ket [755]

Answer:

Option (B) is correct.

Explanation:

Amount of which adjusting entry required:

= Amount of uncollectible accounts - Balance in Allowance for uncollectible accounts

= (Balance in accounts receivable × Estimated percentage of accounts receivable to be uncollectible) - Balance in Allowance for uncollectible accounts

= ($200,000 × 4%) - $2,000

= $8,000 - $2,000

= $6,000

Therefore, the adjusting entry is as follows:

Bad debt expense A/c Dr. $6,000

To Allowance for uncollectible accounts $6,000

(To record the bad debt expense)

5 0

3 years ago

Ortions of the financial statements for Myriad Products are provided below.

bonufazy [111]

Answer:

Net cash provided from Operating Activities $301

Explanation:

MYRIAD PRODUCTS COMPANY

Cash flow from Operating Activities:

Net Income $150

Adjustment for non cash effects:

Depreciation $84

Amortization $5

Loss on sale of land $4

Total $243

Changes in operating assets and liabilities :

Decrease in Accounts receivable $17

Decrease in Inventory $18

Increase in Accounts Payable $14

Decrease in Salaries Payable ($14)

Increase in Interest Payable $13

Increase in Income tax Payable $10

Net cash provided from Operating Activities $301

5 0

3 years ago

Consider the following list of accounts: Cash Retained Earnings Service Revenue Utilities Expense Salaries Expense Accounts Rece

MAVERICK [17]

Answer:

Cash, account receivable, equipment, utilities expenses, salaries expense

Explanation:

Normally, the asset and expense accounts have debit balances while the liabilities, equity, revenue and other income accounts have credit balances.

In the given list of account:

Cash, account receivable, equipment belong to asset accounts, therefore will have normal debit balance.

Utilities expenses, salaries expense belong to expense accounts, therefore will have normal debit balance.

Remaining items in a given list will have normal credit balance.

4 0

3 years ago

Creative Canopies (CC) is a manufacturer of flexible canopies for athletic facilities. CC has contracts with 3 universities to i

ElenaW [278]

Answer:

Creative Canopies (CC)

With gross profits of $10,000, the least profitable is:

B. UCLA

Explanation:

a) Maintenance Costs of Canopies:

Support Activity Driver Cost per Driver Unit

Major refinishes: Hours on jobs $55

Minor touchups: Number of visits $400

Communication: Number of calls $25

b) Customer Data:

University Hours major Visits minor Calls=

USD 100 7 12

USC 90 5 15

UCLA 120 6 9

c) Calculation of the Cost of Canopy Maintenance for each customer:

University Hours Major Minor Major Minor Commun- Total

Visits Calls Refinishes Touchups ication

USD 100 7 12 $5,500 $2,800 $300 $8,600

USC 90 5 15 $4,950 $2,000 $375 $7,325

UCLA 120 6 9 $6,600 $2,400 $225 $9,225

d) Calculation of net income from each customer:

University Gross Profit Maintenance Cost Net Income

USD $10,000 $8,600 $1,600

USC $10,000 $7,325 $2,675

UCLA $10,000 $9,225 $775

8 0

3 years ago

Jon described that there are "Three Circles" when it comes to finding a job. Identify and describe each of the "Three Circles" i

Kay [80]

Answer:

well one is what your passion is. like what you like. what people will pay you to do and how much. and what you are good at.

Explanation:

3 0

3 years ago