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3 years ago

In _______, data from transactions are collected over time and then processed all at once.

1 answer:

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The correct answer that fills in the blank is the real time data processing for it describes the statement above. The real time data processing includes of ongoing processes which is done in a short period of time that is why transactions that are collected are immediately and processed at once.

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Our company has an account receivable for $12,500 that we have now deemed uncollectible. We use the direct write-off method. Whi

ryzh [129]

Answer: a. Accounts Receivable

Explanation:

The Direct Write-off method is usually used by businesses where Uncollectible Receivables are not common. This way when it does occur, they simply debit the Bad Debts accounts and credit the Accounts Receivables to show the event.

This method of Accounting violates the Matching Principle under the Accrual basis because it usually does not recognize bad debts in the same period that the inventory was sold. It only records bad debts when they are declared which could be periods afterwards.

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3 years ago

Use the information for Geiberger Corporation from BE21.12, except assume the collectibility of the rentals is not probable. Pre

Vikentia [17]

Answer:

Date Account title Debit Credit

12/31/2019 Lease Receivable $175,934

Cost of Goods sold $120,000

Sales Revenue $175,934

Inventory $120,000

Date Account title Debit Credit

12/31/2019 Cash $40,800

Deposit Liability $40,800

The rental amount is constant and is made on the first day of the lease period so this is an annuity due.

As the collectability is probable, you need to find the present value of this lease:

= 40,800 * Present value of annuity due factor, 5 year, 8%

= 40,800 * 4.3121

= $175,933.68

= $175,934

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3 years ago

Don Howard is a trader who likes to make money based on changes in the foreigncurrency exchange market. Currently the spot rate

IrinaVladis [17]

Answer:

Don profit in the forward market can be USD 48,152.37

Explanation:

Spot rate currently is at 24.0239 MXN/USD

Sell USD forward at 26.5693 MXN/USD

Profit on settlement after 3 months = (Selling price - buying price)*Number of units

Profit on settlement after 3 months = (26.5693 - 25.3487)*1,000,000

Profit on settlement after 3 months = MXN 1,220,600

The exchange rate is expected to move to 25.3487 by Clint

Hence, 1,220,600/25.3487 = USD 48,152.37

Don profit in the forward market can be USD 48,152.37 if hewants to trade USD 1,000,000

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3 years ago

Dake Corporation's relevant range of activity is 5,200 units to 6,000 units. When it produces and sells 5,600 units, its average

arlik [135]

Answer:

Total direct manufacturing cost= $55,890

Explanation:

Giving the following information:

5,600 units:

Average Cost per Unit Direct materials $ 6.55

Direct labor $ 3.80

The manufacturing overhead is an indirect cost. It is allocated based on a predetermined rate. We will take into account only the direct materials and direct labor.

For 5,400 units:

Total direct manufacturing cost= 5,400*(6.55 + 3.8)

Total direct manufacturing cost= $55,890

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3 years ago

How does specialization affect international trade

frozen [14]

Answer:

Countries become better at making the product they specialize in. Consumer benefits: Specialization means that the opportunity cost of production is lower, which means that globally more goods are produced and prices are lower. Consumers benefit from these lower prices and greater quantity of goods.

Explanation:

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2 years ago