an element of design that appears three-demensional and encloses volume such as cube ,sphere,pyramid,or cylinder

Oriole Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $28

Tju [1.3M]

Answer:

Dr. Bad debt expense. $11,200

---------To Allowance for doubtful accounts $11,200

Explanation:

Given that:

Accounts receivable balance = $280,000

Total credit sales = $2,810,000

5% of accounts receivables will be bad debt = $280,00 × 5% = $14,000

Credit balance allowance for doubtful account = $2,800 and it must increase to $14,000 I.e $14,000 - $2,800 = $11,200

Adjusting journal entry

Dr Bad debt expense $11,200

-------- Cr Allowance for doubtful accounts $11,200

8 0

3 years ago

Under Treasury Circular 230, which of the following actions of a CPA tax advisor is characteristic of a best practice in renderi

svlad2 [7]

Answer:

The correct answer is letter "B": Establishing relevant facts, evaluating the reasonableness of assumptions and representations, and arriving at a conclusion supported by the law and facts in a tax memorandum.

Explanation:

Among the best practices that tax advisers are committed to we can find defining the facts, deciding that facts are particular, evaluating the rationality of any conclusions or interpretations, applying the applicable law to the particular facts, and reaching a conclusion informed by law and evidence.

8 0

3 years ago

Your Economics instructor assigns your class to investigate factors associated with the gross domestic product (GDP) of nations.

emmainna [20.7K]

Answer:

The Correlation analysis “R” is measured to compute the strength of relationship among variables. Moreover, the value of correlation is calculated among -1 to +1. Which implies that if the computed value is near to -1 then there will be strong but negative relation and if near to +1 then it is strong but relation among the variable. However zero is consider as neutral point.

A. The computed value of correlation is - 0.772. The value identifies that that there is a strong but negative association among the variables (GDP and infant mortality rate).

B. The correlation analysis cannot computed among the variables continent and GDP because "continent" is a categorical variable not quantitative.

C. The computed value of correlation is higher than 1. Thus, the statement implies that there is a very strong relationship among life expectancy and GDP which is incorrect. As the association cannot be higher than 1.

D. There is a strong relationship among literacy rate and GDP as the relationship is nearer to 1. Furthermore, the association among literacy rate and GDP doesn’t suggest the causation.

E. The computed correlation among the variables is 0.90. Which indicated that the variables goes up. That is, when the GDP goes down the import is also decrease and when GDP increases the import increases Thus, the there is a positive correlation.

3 0

3 years ago

Rally Quadcopters plans to sell a standard quadcopter (toy drone) for $45 and a deluxe quadcopter for $65. Rally purchases the s

Andrew [12]

Answer:

Rally must sell 1,080 units of Standard and 720 units of Deluxe

Explanation:

Standard Deluxe Total

Sales price per unit $45 $65

Less: Variable cost ($35) ($45)

Contribution Margin per unit $10 $20

Sales Mix units (A) $3 $2 $5

Contribution margin $30 $40 $70

Weighted average Contribution $14

per unit C= B/A

Appointment of fixed cost between standard and deluxe

Total Fixed cost = 14,700

Break even point = Fixed cost / Weighted average Contribution per unit

= 14,700 / 14

= 1,050

Apportionment of Break even point sales between Standard and deluxe in sales mix ratio (3:2)

Standard = 1,050 * 3/5 = 630

Deluxe = 1,050 * 2/3 = 420

Unit to be sold to get desired profit = Fixed cost + Desired profit / Weighted average Contribution per unit

= (14,700 + 10,500) / 14

= 1,800

Apportionment of Units to be sold to get desired profit between Standard and Deluxe in sales mix ratio (3:2)

Standard = 1,800 * 3/5 = 1,080

Deluxe = 1,800 * 2/5 = 720

To reach target operating income, Rally must sell 1,080 units of Standard and 720 units of Deluxe

4 0

3 years ago

How much will i get monthly for $87000 in boston ma?

ANEK [815]

You will get monthly $7,250.00 in boston

4 0

3 years ago

an element of design that appears three-demensional and encloses volume such as cube ,sphere,pyramid,or cylinder​

an element of design that appears three-demensional and encloses volume such as cube ,sphere,pyramid,or cylinder