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Darina [25.2K]
3 years ago
11

At the end of the year, Brinkley Incorporated’s balance of Allowance for Uncollectible Accounts is $3,000 () before adjustment.

The company estimates future uncollectible accounts to be 4% of credit sales for the year. Credit sales for the year total $125,000. What is the adjustment Brinkley would record for Allowance for Uncollectible Accounts using the percentage-of-credit-sales method?
Business
1 answer:
const2013 [10]3 years ago
4 0

Answer: $5000

Explanation:

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C&A sells 600 bottles of a dietary supplement per week at $100 per bottle. The supplement is ordered from a supplier who cha
alex41 [277]

Answer:

D. $6800

Explanation:

Annual demand = 600 × 50 weeks = 30,000 bottles

Carrying cost or holding cost = $50 × 40% = $20

The economic order quantity = 500 bottles

The number of orders would be equal to

= Annual demand ÷ economic order quantity

= 30,000 ÷ 500

= 60 orders

The average inventory would equal to

= Economic order quantity ÷ 2

= 500 bottles ÷ 2

= 250 bottles

The total cost of ordering cost and carrying cost equals to

Ordering cost = Number of orders × ordering cost per order

= 60 orders × $30

= $1,800

Carrying cost = average inventory × carrying cost per unit

= 250 bottles × $20

= $5,000

So, the total would be  

= $5,000 + $1,800

= $6,800

3 0
3 years ago
Here is some price information on Fincorp stock. Suppose first that Fincorp trades in a dealer market. Bid Asked 55.25 55.50 a.
Artemon [7]

Answer:

a. Your trade will be executed at the bid price of 55.25.

b. Your trade will be executed at the ask price of 55.50.

Explanation:

First note that:

The bid price is the highest price a buyer will pay for a security.

The ask price is the lowest price a seller will accept for a security.

Therefore, we have:

a. Suppose you have submitted an order to your broker to buy at market.  At what price will your trade be executed? (Round your answer to 2 decimal places.)

Since you are the buyer, your trade will be executed at the bid price of 55.25. This is because the bid price is the highest price you as a buyer will pay for a security.

b. Suppose you have submitted an order to sell at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)

Since you are the seller, your trade will be executed at the ask price of 55.50. This is beecausee the ask price is the lowest price uou as a seller will accept for a security.

7 0
2 years ago
Eneral Products Inc. is a small clothing designer and manufacturer located in the United States. A vast majority of the company'
ololo11 [35]

Answer: The correct answer is "e. Export strategy".

Explanation: and. Export strategy is the global corporate strategy that best describes General products inc. because In spite of being in the United States and that the majority of its income comes from there, it does not stop focusing the business in Canada, because 10% of the income comes from exports to Canada.

4 0
3 years ago
These too. Again I will post more
Varvara68 [4.7K]

The answer is D




hope it helps :P


7 0
2 years ago
You are planning an AD implementation for a company that currently has Sales, Accounting, and Marketing departments. Each depart
netineya [11]

Answer:

Delegation of control

Explanation:

Active Directory (AD) is a product offered by Microsoft that is designed for managing computers and related devices within an intranet. It is part of a larger operating system called Windows Server used in both intranet and internet based servers.

4 0
2 years ago
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