She needs a bachelor degree because an associate degree doesn't give her quite $800.
Answer:At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $416 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions. View transaction list 1 Record the estimated bad debts expense. 2 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account 4 Record the cash received on account. Credit Note :· journal entry has been entered Record entry Clear entry View general journal
Goods that are normally consumed together are known as 'Complimentary Goods' i.e. they compliment one another.
Other examples include toothbrush and toothpaste or Car and Gasoline.
Car and Gasoline is a classic example of complementary goods since the increase or decrease in the demand for one product has a direct impact on the other.
For example, when Gasoline prices start to decline, there is generally an upward trend in the purchase of new cars and vice versa.
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Answer: $11.50
Explanation: As we know that :-
Total standard cost for one unit = standard material cost + standard direct labor cost + standard overhead cost
where,
standard material cost = (40 grams) * ($0.10) = $4
standard direct labor cost = (0.25 hrs) * ($12) = $3
standard overhead cost = (0.25 hrs) * ($18) = $4.5
therefore :-
Total standard cost for one unit = $4 + $3 + $4.5 = $11.5
