Select the correct answer.

Assume the following unadjusted account balances at the end of the accounting period for Chocolate Brownie Palace: Accounts Rece

ANEK [815]

Answer:

Bad debt expenses = $4,000

Explanation:

Debit Credit

Bad debt expense $4,000

Allowances for doubtful accounts $4,000

Workings

= $5,000 of receivables - $1,000 of Allowance for doubtful account

= $4,000

5 0

3 years ago

For a profitable firm, an increase in which one of the following will increase the operating cash flow?

disa [49]

Employee salaries

The employee salaries is something that comes under the Operating Activities of a business, in its Cash Flow Statement. Therefore an Operating Cash Flow would be Employee Salaries in this case.

3 0

3 years ago

Establishing a 1%/10 Net 30 term would be considered a benefit to a favorite customer and should typically be offered after they

Elodia [21]

The statement is false. It would be an advantage to both the client and the organization. This would mean if the client needs a markdown from the provider they would need to pay the receipt inside 10 days to get the rebate, and this would then enable the organization to get their cash speedier.

6 0

4 years ago

Verdich [7]

Options:

a. sustainability

b. cause-related

c. social

d. green

Answer:

<u>cause-related</u>

<u>Explanation:</u>

We need to take note that Chili's support for St. Jude Children's Hospital isn't all about promoting their brand, but towards promoting a social cause, namely St. Jude's School Program which would ensure children receiving medical care in the hospital can stay up-to-date with their school assignments.

Their actions as a popular restaurant chain could go a long way by encouraging other companies to support social causes.

8 0

3 years ago

Pablo Company has budgeted production for next year as follows:QuarterFirst Second Third FourthProduction in units 48,000 88,000

Margaret [11]

Answer:

271,500 pounds

Explanation:

Given:

Quarter FIRST SECOND THIRD FOURTH

Production in unit 48000 88000 98000 78000

Raw material per unit 3 3 3 3

=================================================================

Thus,

Need for material = Production in unit × Raw material per unit

=================================================================

Quarter FIRST SECOND THIRD FOURTH

Need for material in production 144,000 264,000 294,000 234,000

Desired ending inventory = 25% of next quarter's production needs for material

==================================================================

ADD:

Desired ending inventory 66000 73500 58500

==================================================================

Total need of material = Need for material in production + Desired ending inventory

==================================================================

Quarter FIRST SECOND THIRD FOURTH

Total need of material = 210,000 337,500 352,500

Beginning inventory 38000 66000 73500

==================================================================

Total purchase = Total need of material - Beginning inventory

==================================================================

Quarter FIRST SECOND THIRD FOURTH

Total purchase = 172,000 271,500 279,000

Hence,

The answer is 271,500 pounds

5 0

3 years ago