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3 years ago

I need help solving this. Thanks

Business

1 answer:

DedPeter [7]3 years ago

3 0

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Use the following information for calendar year 2020: Accounts receivable, January 1 $125,000 Credit sales during the year 1,400

Aloiza [94]

Answer:

See below

Explanation:

Given the information above, first we need to compute ending balance of account receivables.

Ending balance of account receivables = Beginning balance + Credit sales - Customer's account collected - Write off amount

= $125,000 + $1,400,000 - $1,350,000 - $0

= $175,000

The year end balance in the allowance for uncollectible account would be

= $175,000 × 10%

= $17,500

Now, the bad debt expense

= Year end balance of allowance for uncollectible account - Beginning balance of allowance for doubtful accounts + Written off

= $17,500 - $15,000 + $0

= $2,500

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3 years ago

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year: Work in Process, January

slega [8]

Answer:

cost of goods manufactured= $64,700

Explanation:

Giving the following information:

Work in Process, January 1 $ 53,600

Work in Process, December 31 38,800

Total Factory overhead 7,300

Direct materials used 14,300

Direct labor used 28,300

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 53,600 + 14,300 + 7,300 + 28,300 - 38,800

cost of goods manufactured= $64,700

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3 years ago

The ________ is used to study the course of a product's sales and profits for the duration that it is produced and sold in the m

Eva8 [605]

Answer:

The correct word for the blank space is: product life cycle.

Explanation:

The product life cycle is the period of time during which a product is conceived and developed, brought to market and late removed from the market. The cycle includes four (4) stages: research and introduction, promotion and growth, maturity, and decline.

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4 years ago

Researcher wants to conduct a secondary analysis using a centers for disease control and prevention (cdc) database that was coll

Sveta_85 [38]

The considerations that was relevant to the IRB's determination that this activity does not constitute research with human subjects is "The researcher will not be interacting/intervening with subjects and the data has no identifiers".


Generally, any human subjects inquire about that is directed by VDH, by outside examiners in a joint effort with VDH, or by outside agents utilizing VDH information, is liable to survey and endorsement by the VDH Institutional Review Board. However, not all examinations require IRB review.

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4 years ago

Read 2 more answers

_____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost wit

Ilia_Sergeevich [38]

Answer:

A. Project management

Explanation:

It helps by identifying the plans and estimating the minimal possible time and cost needed to complete a project or development

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4 years ago