Answer:
the amount that added to estimated liability is $1,330
Explanation:
The computation of the amount that added to estimated liability is as follows
= 800 units sold × 3% defective - five defective units
= 24 units - 5 units
= 19 units
Now the amount that should be added is
= 19 units × $70 per unit
= $1,330
Hence, the amount that added to estimated liability is $1,330
The same is to be considered
2
In numerical form on the left and written out on amount line
Answer: Debit Bad debt expense $11,264, Credit Allowance for bad debt $11,264; Debit Allowance for bad debt $9,650, Credit Accounts receivable $9,650.
Explanation: Percentage of credit sales method means bad debt expense expressed as a percentage of sales.
The estimated bad debts rate is 2.2%, which translates to 2.2% of $512,000 (credit sales) = $11,264. The firm has to record this, being the estimated bad debts rate, as Debit to bad debt expense and Credit to allowance for bad debt. However, accounts receivable that was deemed uncollectible is $9,650. This amount would be taken out from the buffer in allowance account by debiting allowance for bad debt and crediting accounts receivable.
To… help protect investors from fraudulent financial reporting by corporations
Answer:
a, motivational
b, emotional
c, Rational
Explanation:
Employees engagement is level to which an employee has passion for his/her job (motivation), commitment to the firm (emotion) as well as his/her rational input in his/her efforts (rationality or use of discretion).
Employee engagement could be mistaken for employee satisfaction but they are not related.
