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xxMikexx [17]
3 years ago
5

On June ​1, 2018​, High Performance Cell Phones sold $ 25 comma 000 of merchandise to Ackerman Trucking Company on account. Acke

rman fell on hard times and on July 15 paid only $ 6 comma 500 of the account receivable. After repeated attempts to​ collect, High Performance finally wrote off its accounts receivable from Ackerman on September 5. Six months​ later, March ​5, 2019​, High Performance received Ackerman's check for $ 18 comma 500 with a note apologizing for the late payment. Read the requirementsLOADING.... Requirement 1. Journalize the transactions for High Performance Cell Phones using the direct​ write-off method. Ignore Cost of Goods Sold.
Business
1 answer:
Aleks04 [339]3 years ago
3 0

Answer and Explanation:

The journal entries are shown below:

On June 1

Anthony Trucking Company   $25,000

  To  Merchandise   $25,000

(Being the sale of merchandise is recorded)

On July 15

Cash  Dr $6,000

   To Account Receivable   $6,000

(Being the cash received is recorded)

On September 5

Bad debt Expense  $18,000

      To Account Receivable Expense  $18,000

(Being the bad debt expense is recorded)

On March 5

Cash  $18,000

     To Account Receivable  $18,000

(Being the cash received is recorded)

Only these journal entries are required

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Uli produces stereo speakers. The selling price per pair of speakers is $1,930. There is no beginning inventory. Costs involved
blondinia [14]

Answer:

Ending inventory= $240,840

Explanation:

Giving the following information:

Total variable manufacturing costs per unit $470

Fixed manufacturing overhead per year $679,420

During the year, Uli produces 1,610 pairs of speakers and sells 1,340 pairs.

The full costing method (absorption costing) includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>

F<u>irst, we need to calculate the total production cost:</u>

Total cost= 1,610*470 + 679,420

Total cost= $1,436,120

<u>Now, the unitary cost and ending inventory cost:</u>

Unitary cost= 1,436,120/1,610= $892

Ending inventory= $892*270 units

Ending inventory= $240,840

7 0
3 years ago
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Aneli [31]

Answer:

The letter A is the right one.

Explanation:

By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.

4 0
2 years ago
Your neighborhood self-service laundry is for sale and you consider investing in this business. For the business alone and no ot
Oduvanchick [21]

Answer:

  • The complete present value calcuation is below.

  • The net present value of this project is: $77,930.58 (assuming a value for the sale of the business equal to the purchase price).

Explanation:

For this problem, the first and basic question is:

  • <em>Prepare a net present value calculation for this project. What is the net present value of this project?</em>

<em />

<h2>Solution</h2>

The net present value is equal to: the present value of the future cash flows less present value of the investements.

<u>1. Present value of the future cash flows:</u>

The discount factor is equal to 1 / [1 + (1 + r)ⁿ]

Where:

  • r = 5% = 0.05
  • n = the number of year

Year     Cash flow     Discount factor     Present value

1            $30,000       1/(1 + 0.05)             $30,000/1.05 = $28,571.43

2           $30,000       1/(1 + 0.05)²           $30,000/(1.05)² = $27,210.88

3           $30,000       1/(1 + 0.05)³           $30,000/(1.05)³ = $25,915.13

4           $30,000       1/(1 + 0.05)⁴           $30,000/(1.05)⁴ = $24,681.07

5           $30,000       1/(1 + 0.05)⁵           $30,000/(1.05)⁵ = $23,505.78

5           $240,000*   1/(1 + 0.05)⁵           $240,000/(1.05)⁵ = $188,046.28

*For the year 5 you must also consider the value of the business, which is unknow. You should have some information about it. Although unrealistic, at this stage we can just assume a value: let's say it is the same purchase price: $240,000. That is what the last line shows:

The discount the value of the value of the business is:

  • $240,000 / (1.05)⁵ = $188,046.28

The total present value of the future cash flows is the sum of the present values of all the cash flows:

$28,571.43 + $27,210.88 + $25,915.13 + $24,681.07 + $23,505.78 + $188,046.28 = $317,930.58

<u>2. Calculate the net present value:</u>

  • Net present value =

                     = Total present value of future cash flows - investment

  • Net present value = $317,930.58 - $240,000 = $77,930.58
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Which of the following business opportunities allows a business to purchase and sell a company's products, but not the right to
Degger [83]

Answer:

Dealers/distributors allows a business to purchase and sell a company's products, but not the right to use that company's trade name as its own

<u>Explanation:</u>

Although only one out of every odd state with a dealers have opportunity which  similarly characterizes the term, the more significant part of them use the accompanying general criteria: A business opportunity includes the deal or rent of any item, administration, gear, etc. that will empower the buyer licensee to start a business.  

Moreover, business openings offer less help than opportunities; this could be a bit of leeway for you if you blossom with opportunity.

 

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Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters
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Answer:

The production plan for Q3 is 208,000 units of supermix.

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The Raw materials requirement for Q3 is 218 cc of solvent H300

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September 84,000

The detailed presentation is in the attached document

7 0
3 years ago
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