Answer:
the Swiss Chalet had higher occupancy than its competitive set in 2019
Answer:
The answer is d. Work in Process account.
Explanation:
Work-In-Process (WIP) refers to the materials that have started the production process, but have not yet been completed. The work-in-process inventory account is an asset account that is used to track the cost of the partially finished goods.
Answer:
The amount of uncollectible accounts expense that will be recognized on the Year 1 income statement is $1,620.
Explanation:
To arrive at the amount of uncollectible accounts expense that will be recognized on the Year 1 income statement, we simply need to calculate 3% of the company's sales on account balance, as follows:
3% of ($190,000 - $136,000) = $1,620
So, $1,620 would be the bad debt expense that will be recorded in Year 1 income statement, since there is no opening balance of sales on account and allowance for doubtful accounts.
Also, note that the collection on account during the year would reduce the sales on account balance, as shown above.
He may be over qualified so they dont think he'll stay long, or he may have had past money problems meening he wouldnt be trust worthey anoth.
hope that helps :)