Answer:
Yes it surely does
Explanation:
please mark me as brainlyest
Answer:
Debit Bad debt expense account
Credit Accounts receivable
Being entries to account for uncollectible debts
Explanation:
Under the allowance method, when the organization estimates that there is a probability that a receivable may not be collectible, the entries posted are
Dr Bad debt expense account (P/L)
Cr Allowance for doubtful debt (B/S)
Where it has been determined that the debts are uncollectible (and no previous allowance had been made), the entries posted are;
Dr Bad debt expense account
Cr Accounts receivable
Answer:
The answer is: If the new market proves to be big enough for Diacon Products (DP) to enter, they can always build a new facility for themselves.
Explanation:
Unless prohibited in the contract, DP will always be able to build new factories or facilities in the new markets they just entered. Their better know how on the production processes will always be an advantage for them.
For instance they might build a new cement factory in India. If India´s market for cement turns to be huge and DP decides to enter into it, of course they should be able to build a new cement plant for themselves. They will probably be able to set up the cement plant in a better way than before due to the experience they gained the first time.
Usually the worst thing to do is simply nothing. If they believe a market is so good for them to enter, then they should do it directly the first time. But if they are unsure, building a turnkey project for someone else is very good marketing research.
Answer:
Results are below.
Explanation:
Giving the following information:
<u>The flexible budget is adapting the standard costs to the actual quantity.</u>
<u>Fabricating Department:</u>
Depreciation= $2,300
Standard hourly rate= 2,300/640= $3.594
The department completed 600 hours of production.
Actual budget:
Depreciation= 2,300
Direct labor= 3.594*600= 2,156.4
Total cost= $4,456.4
<u>Grinding Department:</u>
Property tax= $30,000
Standard hourly rate= 55,200/2,400= $23
The department completed 2,900 hours of production.
Actual budget:
Property tax= $30,000
Direct labor= 23*2,900= 66,700
Total cost= $96,700