Solution:
1% x $88,000 = $880
That's the noncollectable estimate
$88,000 - $880 = $87,120
That's the approximate amount to be collected.
Since $69,600 has already been collected, that leaves $17,520
[ $87,120 -$69,600= $17,520 ]
This is realized but not taken into account.
The amount of net realizable value of receivables on the December 31, Year 1 balance sheet would be: $17,520
Answer:
This question is incomplete, here's the complete question:
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs.
Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $8,000; direct labor, $2,900; and overhead, $1,189. Jobs 103 and 104 are started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 are finished in June, and Job 104 is expected to be finished in July. No raw materials are used indirectly in June. Using this information, answer the following questions. (Assume this company�s predetermined overhead rate did not change across these months).
Explanation:
The process of Job costing is implemented in those industries where diverse jobs are undertaken. Each and every job has some unique and distinctive features that differentiate it from other. The total cost incurred for completion of Job is recorded in a sheet identified as the Job cost sheet. And after completion it is reassigned to finished stock.
Looking at the question, three jobs are considered. Job 102 was started in May and was completed by June. Other jobs begin in June and will be finished in July. The figures are to be calculated up to June.
The answer of point 1 and 2have been explained in the attached image:
Answer:
The curve and calculation are attached below
The correct answer from given options is "focus group".
<span>A focus group is a small group of people brought together for an intensive discussion of a topic.
Mostly in a focus group the researchers capture the session as videotape to assess the responses which include both verbal and nonverbal responses.
</span>There is also an online focus groups and offline focus groups.
Answer: The consumer market segment that is described is the Usage-Rate Segmentation.
Explanation:
This type of consumer market segment is used to determine how much a buyer/consumer uses the product. This put the consumer into a particular category that is used by companies when deciding on their products.
The consumers/customers are put into categories such as the;
- heavy product users
- light product users
- non-users
- medium product users
Larger companies tend to market towards the heavy product users instead of the other 3 categories.