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g100num [7]
3 years ago
15

Under the direct write-off method of accounting for uncollectible accounts Group of answer choices

Business
1 answer:
Temka [501]3 years ago
7 0

Answer:

b.a specific account receivable is decreased for the actual amount of bad debt at the time of write-off.

Explanation:

The journal entry to record the bad debt expense using the write - off method is shown below:

Bad debt expense XXXXX

       To Account receivable XXXXX

(Being the bad debt expense is recorded)

So by passing this journal entry we get to know that the bad debt expense should be debited which reflects the actual amount as it increases the expenses while at the same time it reduces the asset account i.e account receivable

Hence, the correct option is b.  

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Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $12,000/day to oper
stepan [7]

Answer:

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Explanation:

We generate the equation system on excel:

(50g + 3000s) Q_1 --> output generated on Mine 1

(75g + 1,000s) Q_2 --> output generated on Mine 2

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we do solver to minimize the days of each mine considering a desired output of 18,000 silver and 650 gold:

and get the following:

M1  4 days  output: (50g + 3000s) 4 = 200 g    12,000s

M2 6 days  output: (75g + 1,000s) 6 =  450g      6,000s

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6 0
3 years ago
Compute conversion costs given the following data: direct materials, $381,400; direct labor, $196,500; factory overhead, $194,00
qwelly [4]

Answer:

Conversion costs: c.$390,500

Explanation:

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4 0
3 years ago
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