Answer:
Explanation:
provision For Doubtfull Accounts Yr.3
Opening Bal. = 3,750
For the Year (215000*2%) = 4300
Write-off = -2100
Closing Balance (3750+4300-2100) = 5950
Account Recievable For Yr.3
Opening Bal. = 61000
Sales For the Year (215000*2%) = 215000
Provision For the Year = -4300
Cash Recived from Debtors = 218000
Closing Balance = 53700
Net Realizable Value of Recievables
Closing Debtors = 53700
Closing Provision = -5650
Net Realizable Value = 47750
C) Collectible Amount
Provision For the Year = 4300
Previously writte of recoverred = -500
Total bad debts for the year = 3800
Answer:
$8,000
Explanation:
Jahwana earns $40,000:
her 401k contributions = 15% x $40,000 = $6,000
Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000
total annual contribution = $6,000 + $2,000 = $8,000
Answer:
Break-even point in units= 20,000 units
Explanation:
Giving the following information:
Selling price= $35
Unitary variable cost= $20 t
Total fixed cost= $300,000
<u>To calculate the break-even point in units, we need to use the following formula:</u>
<u></u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 300,000/ (35 - 20)
Break-even point in units= 20,000 units
Answer: making sure customers are satisfied
Explanation: In simple words, service orientation refers to the mindset in the organisation under which all employees within work for a sole objective, that is, customer satisfaction.
Such behavior is implemented by the top management and requires continuous efforts. The domain of applicability of such behavior is after the sale is made.
This behavior is developed by the organisation to make sure that their market share remains constant and existing customers do not shift their demands.
