Answer:
$4000
Explanation:
The total sales would the sum of credit sales and sales on cash basis,in effect total sales is $200,000($100,000+$100,000).
The estimate for allowance for uncollectible debt is 2% of total sales,which is $4000 (2%*$200,0000)
Hence,the correct answer in this case is $4000 and it implies that Sully Corporation intends to receive $96,000 in cash out of the debt to its by customers($100,000-$4,000)
If you just search up banks you might be able to find your answer Idk but I think its D
Answer: 33.3%
Explanation: The predetermined overhead rate allocates the manufacturing overhead to products. This is based on an estimate, as it is done at the beginning of the financial year. It uses an allocation base, which is usually a cost driver. A cost driver is a type of activity that causes a change in the cost of said activity. Examples of cost drivers usually used are: direct labour hours or machine hours.
The formula for calculating the predetermined overhead rate is:
Total estimated overhead costs ÷ total estimated overhead allocation base (estimated direct labour costs is used)
300 000 ÷ 900 000 = 0.33333 × 100 = 33.3%
Answer:
Value of output of food:
= 3 million × $1
= $3 million
Value of output of shirts:
= 50,000 × $22
= $1,100,000
Value of output of houses:
= 20 × $50,000
= $1,000,000
Value of output of Medical service:
= 50,000 × $20
= $1,000,000
Value of output of Automobile plant:
= 1 × $1,000,000
= $1,000,000
Value of output of Tanks:
= 2 × $500,000
= $1,000,000
