Answer:
the net account receivable is d. $93,000
Explanation:
The computation of the net account receivable is shown below:
= (Account receivable - written off amount) - (Allowance for doubtful accounts - written off amount)
= ($110,000 - $1,700) - ($17,000 - $1,700)
= $108,300 - $15,300
= $93,000
Hence, the net account receivable is $93,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
$19
Explanation:
The computation of the financial advantage or disadvantage is shown below:
= Sale value after processed further - cost of processed further - sale value without processed further
= $91 - $29 - $43
= $19
Simply we deducted the cost of processed further and the sale value without processed further from the Sale value after processed further so that the correct amount can come
All other information which is given is not relevant. Hence, ignored it
That is Importing. Option A.
The answer, on the point of view of Boster, is A. Debit notes receivable and credit accounts receivable (not payable i think). This is from the point of view of Boster. So to Boster, he will have an accounts receivable by Martin company. So what Martin did is that he offered a promissory note to Boster. This will increase Boster's notes receivable. At the same time, this will also lessen Boster's accounts receivable since this turned into a notes receivable.
Answer:
a. Debit to variable overhead efficiency variance
d. Credit to variable overhead spending varian
Explanation:
Based on the information given in a situation where a variable overhead efficiency variance is UNFAVORABLE it will be DEBITED and variable overhead spending variance that is FAVOURABLE will be CREDITED.
Therefore the journal entry will include a:
a. Debit to variable overhead efficiency variance
d. Credit to variable overhead spending Variance
