Answer: $5,440
Explanation:
When using the percent of sales method to determine bad debts, the company estimates a percentage that it believes will results in uncollectible debt and then applies it to the sales/revenue figure. The figure that is calculated is then debited along with the debit balance on the Allowance for doubtful accounts to the Bad debts account for the year and credited to the Allowance for doubtful accounts.
This company estimates that they will have 0.6% of credit sales uncollectible.
There are also $790,000 in sales of which all are on credit.
The Uncollectible estimate is therefore,
= 790,000 * 0.6%
= $4,740
This figure is then added to the debit amount on the Allowance for Uncollectible Accounts.
= 4,470 + 700
= $5,440
Note; A debit balance on the Allowance for doubtful debt account signifies that the bad debts were higher than anticipated the last time. This is why the figure is added to the current bad debts expense.
Answer:
The algebraic formulation of the constraint is 4X+2Y ≤ 100
Explanation:
The algebraic formulation of the constraint is shown below:
Given that
The number of hours taken per unit of x is 4 hours
And the number of hours taken per unit of x is 2 hours
And, the maximum hours available is 100
Now based on the above information
The algebraic formulation of the constraint is
= 4X+2Y ≤ 100
hence, the same is to be considered
Answer:
The Matching Principle
Explanation:
The Matching Principle of accounting holds that revenues should be matched with expenses. Hence the name.
This is to say, that revenues should only be recognized when the associated expenses with those revenues have been spent.
For example, in numeral a), we can see that Norfolk Southern Corporation recieved cash in advance, but it only recognized revenue once it had performed the services associated with that cash collection.
Answer:
Tend and befriend strategy
Explanation:
The tend and befriend strategy involves a person reacting to a situation by seeking for support from others (befriend) or supporting others (tend).
In this scenario Debra's manager publicly reprimanded her in the department meeting.
She did not react immediately but rather sought the support of her friend. She complained for two hours with her best friend to relieve the stress.
This is an example of tend and befriend reaction to stress.
