Answer:
C) Overstating or understating allowances and reversing amounts in the future to smooth out net income over time.
Explanation:
Cookie jar reserve is defined as an accounting practice by businesses where the profit a company makes from successful years are reserved to cover up for years with losses. It balances losses from unsuccessful years.
Investors are led to believe that losses in bad years are less than they actually are.
For example not allocating an expense to a particular accounting year but instead allocating it to a year when the company made profits.
In essence it is overstating or understating allowances and reversing amounts in the future to smooth out net income over time.
The Geographic structure is likewise called location departmentalization, that's a logical structure that sells its goods in special areas.
In geography, area or location are used to denote a location (point, line, or region) on the planet's floor or elsewhere. The term location commonly implies a better diploma of truth than region, the latter often indicating an entity with an ambiguous boundary, relying greater on human or social attributes of region identification and feel of vicinity than on geometry.
Definition of location: a position or website occupied or available for occupancy or marked by using a few distinguishing functions: state of affairs tons of the attraction of the house is in its vicinity. b(1): a tract of land designated for a reason the area for mining declare. (2) Australia: farm, station.
Location either refers back to the actual range and longitude coordinates (absolute region) of something on this planet's surface, or it describes something's role in connection with something else (relative area). place, on the other hand, refers back to the bodily and human characteristics of a niche on the map.
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Answer:
202%
Explanation:
Calculation to determine what the company's overhead application rate is
First step is to calculate the Total manufacturing overhead using this formula
Total manufacturing overhead = Overhead rate - Direct material cost - Direct labor cost
Let plug in the formula
Total manufacturing overhead =5220 - 2,200 - 1000
Total manufacturing overhead =2020
Now let determine the overhead application rate using this formula
Overhead application rate=Total manufacturing overhead/Direct labor cost
Let plug in the formula
Overhead application rate=2020/1000*100
Overhead application rate=202%
Therefore, the company's overhead application rate is:202%
Answer
C. Lifestyle
Explanation
Lifestyle is the way in which an individual lives. It is a composite word whose meaning cuts across needs and wants of a person which are controlled by the social class of the person, culture, family or reference groups. In this case, Cameron wants a modest house that has adequate space to keep horses. Cameron should be a rich person who wants to maintain his class in the society by staying in a modern residence that can accommodate horses because the value of such a life is high.
Answer:
Estimated balance of Doubtful Account after adjusting entry = $4,200
Explanation:
Given:
The credit balance of Doubtful Account = $500
Computation of estimated balance of Doubtful Account after adjusting entry:
Estimated balance of Doubtful Account after adjusting entry = 7% of $60,000
Estimated balance of Doubtful Account after adjusting entry = $4,200
After adjusting entry , Total amount credited in Allowance for Doubtful Accounts is $4,200
