Answer:
$4,186
Explanation:
(90 ×$90) + (155 ×$94) + [(255 -245) ×$98]
=$8,100+$14,570+$10×$98
=$22,670+$980
=$23,650
[(255 ×$126) - $23,650]
=$32,130-$23,650 =$8,480
Assuming that a periodic inventory system is used, and operating expenses of $2,500
($8,480-$2,500)×0.70
=$5,980×0.70= $4,186
Therefore the company’s after-tax income is $4,186
Answer:
C. backward vertical integration
Explanation:
Vertical integration is one in which the supply chain of a clothe producing company is owned by the
Backward integration is a type of vertical integration in which a firms starts to fill in the role it once designated to another in the manufacturing of its product. Backward vertical integration would see a company buying another to fulfill its needs as regarding production.
From the above question, it can be seen that due to the inability of the china firm to meet up with Neon Electronics Inc; it started to produce the touchscreens needed for the tablet computers.
Cheers.
Answer:
$2,500
Explanation:
Bad debts are debts that have been estimated to be irrecoverable, in that case such debts are normally written off to profit and loss account and eliminated by a credit entry to the debtors account.
The allowance for doubtful accounts are provisions made for debts in the account receivable accounts that may be considered doubtful of collection.
The accounting entry for doubtful debt is a debit to profit and loss account and a credit to provision for doubtful debt account. Provision for doubtful debt is made after bad debt has been deducted from the debtors account.
Therefore 5% of $50,000 = $2,500 represents provision for bad debt.
Answer:
a. True
Explanation:
In the case when the applicant has crossed the starting process of screening after that the methods of the substantive selection would be used that involved the written test, performance test, interviews, etc
Therefore as per the given situation, the statement i.e. mentioned in the question is true
hence, the correct option is a.