Answer:
I guess write a review about it or write a complaint to them.
D- Only a fraction of deposits are held in reserve. This is the right and correct answer.
Answer:B. overhead applied to the job
Explanation:Applied overhead is the amount of overhead that has been applied to a cost object, in a well performing large business, an applied overhead of 35% of total revenue is considered to be favourable.
The major reason which causes Organisations to make use of a predetermined overhead rate is to assign manufacturing overhead costs to jobs based on certain Regular activities, these activities are; direct labor work hours, machine run time( in hours), or direct labor costs etc.
Answer:
The bad debts would be debited with $5,000.
Explanation:
The bad debts under the allowance method is calculated by either as a percentage of accounts receivables or as a percentage of sales.
Percentage of Sales method:
In the percentage of sales method the allowance is calculated as below:
Allowance for doubtful debts = Sales * Percentage for doubtful debts
Allowance for doubtful debts = $500,000 * 1% = $5,000
Now always remember that this amount will be used only and their is no need to include the allowance for doubtful accounts balance.
Whereas on the other hand, in the percentage of accounts receivable method the allowances are included in the amount calculated.
The entry would be:
Dr Bad Debt Expense $5000
Cr Allowance for Doubtful Debts $5000
Answer: Strict product liability
Explanation:
Strict product liability holds that all merchants sellers of defective and dangerous product are responsible for the outcome of their products regardless of who among them is at fault. The merchants bear the risk for this particular product based on how dangerous they seen to be.