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Keith_Richards [23]
3 years ago
11

At the start of the year, Winston Company’s Allowance for Doubtful Accounts had a credit balance of $14,000. During the year, it

had credit sales of $1,500,000. It also wrote-off $60,000 of uncollectible accounts receivable during the year. Past experience indicates that the allowance should be 3% of the balance in receivables. If the accounts receivable balance at December 31 was $300,000, what is the required adjustment to the Allowance for Doubtful Accounts that is needed at year-end?
Business
1 answer:
ANTONII [103]3 years ago
6 0
According to this account that is needed at year end
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Which of the following is not an example of a legal barrier to entry? Group of answer choices a public franchise economies of sc
LuckyWell [14K]

Answer:

The answer is economies of scale .

Explanation:

Government license, patents and public franchise are all forms of legal barriers that prevents new entrants from copying, imitating or entering the market. However, economies of scales are a economic barrier that arises due to the scale of operations of a firm and is not a legal barrier.

3 0
3 years ago
The total overhead variance is the difference between actual overhead costs and budgeted overhead costs. True False
disa [49]

The difference between the realized overheads and the estimated overheads is the total overhead cost.

<h3>What are total overhead costs?</h3>

Total overhead costs are identified as the costs related to administration, sales, marketing, and production. Before the total overhead costs are realized, a budget regarding estimated costs is prepared.

The calculation of the total overhead costs is actual overhead costs less the budgeted overhead costs.

Hence, the aforementioned statement regarding total overhead costs holds true.

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6 0
2 years ago
The large, heterogeneous market from which specific submarkets (market segments) are drawn is called the aggregate market.
Marysya12 [62]

Answer:

False

Explanation:

The large heterogeneous market is a market structure where diverse commodities and services are available to the customers. Overall, large heterogeneous markets are known as 'Mass markets' or ' Total product market'. This market satisfies customer needs due to mass production of distinctive goods. In the large heterogeneous market, customers have different perspectives, wants, choices and nature etc.

8 0
3 years ago
Consider a palletizer at a bottling plant that has a fi rst cost of $150,000, operating and maintenance costs of $17,500 per yea
pshichka [43]

Answer:

Annual equivalent cost of the investment = $30,603.43 per annum

Explanation:

<em>Equivalent Annual cost is the Present Value of the total cost over the investment period divided by the appropriate annuity factor.</em>

<em>Step 1 </em>

<em>PV of cash flows</em>

PV of first cost =  150,000

<em>PV of annual maintenance cost of $17,500</em>

= 17,500× (1-(1+0.08)^(-30))/0.08

= 197,011.21

<em>PV of salvage value</em>

$25,000 × (1+0.08)^(-30)

= 2,484.43

<em>PV of net total cost </em>

= 197,011.21  +150,000 - 2,484.43

=  344,526.78

Step 2

<em>Determine the annuity factor for 30 years at 8%</em>

(1-(1+0.08)^(-30))/0.08

=11.2577

Step 3

<em>Equivalent annual cost</em>

= 344,526.78 / 11.2577

<em> =$30,603.43</em>

Annual equivalent cost of the investment = $30,603.43 per annum

6 0
3 years ago
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Answer: The correct answer is "the flights are low and frequent, interfering with enjoyment of his land".

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