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elena-s [515]
3 years ago
8

The unadjusted trial balance at the end of the year includes the following: Accounts Receivable $98,000 Allowance for Doubtful A

ccounts 1,000 Both accounts have normal balances. The company uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $5,800. What is the amount of Bad Debt Expense to be recorded for the year
Business
1 answer:
Step2247 [10]3 years ago
6 0

Answer:

$4,800

Explanation:

Data provided as per the question

Uncollectible receivables = $5,800

Allowance for Doubtful Accounts = $1,000

The computation of Bad Debt Expense is shown below:-

Estimated Uncollectible receivables - Allowance for doubtful accounts as per aging analysis

= $5,800 - $1,000

= $4,800

Therefore we assume credit balance for accounts for doubtful allowance.

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Hokey​ Min's Kleen Karpet cleaned 75 rugs in​ October, consuming the following​ resources: ​Labor: 520 hours at ​$17 per hour ​S
Lorico [155]

Answer:

(a) 0.0085 rugs per dollar.

(b) 0.0069 rugs per dollar.

Explanation:

We have been given that Hokey​ Min's Kleen Karpet cleaned 75 rugs in​ October, consuming the following​ resources: ​Labor: 520 hours at ​$17 per hour.

(a) To find the labor productivity per dollar, we will divide number of rugs by amount spent on labor.

\text{Amount spent on labor}=\text{520 hours}\times \frac{\$17}{\text{Hour}}=\$8,840

\text{Labor productivity per dollar}=\frac{75\text{ rugs}}{\$8,840}

\text{Labor productivity per dollar}=\frac{0.0084841628959\text{ rugs}}{\$}

\text{Labor productivity per dollar}\approx \frac{0.0085\text{ rugs}}{\$}

Therefore, the labor productivity is 0.0085 rugs per dollar.

(b) To find the multi-factor productivity, we will divide number of rugs by total cost or expenses.

\text{Cost of solvent}=100\text{ gallons}\times \frac{\$5}{\text{ gallons}}=\$500

\text{Machine rental}=20\text{ days}\times \frac{\$75}{\text{day}}=\$1500

\text{Total expenses}=\text{Labor cost+Solvent cost+Machine rental}

\text{Total expenses}=\$8,840+\$500+\$1500

\text{Total expenses}=\$10,840

\text{Multi-factor productivity per dollar}=\frac{75\text{ rugs}}{\$10,840}

\text{Multi-factor productivity per dollar}=\frac{0.006918819\text{ rugs}}{\$}

\text{Multi-factor productivity per dollar}\approx \frac{0.0069\text{ rugs}}{\$}

Therefore, the multi-factor productivity is 0.0069 rugs per dollar.

7 0
3 years ago
The manufacturing cost of Calico Industries for three months of the year are provided below:
Delvig [45]

Answer:

b. $0.40 per unit and $8,000

Explanation:

High low method separates the fixed cost and variable cost using net of Highest activity level and Lowest activity level and net of their relevant costs.

According to High low method

Variable cost per unit = ( Highest activity cost - Lowest activity cost ) / ( Highest Activity - Lowest activity )

Variable cost per unit  = ( $120,000 - $74,000 ) / ( 280,000 - 165,000 )

Variable cost per unit  = $46,000 / 115,000

Variable cost per unit  = $0.4

Fixed operating cost = Total cost - Total Variable cost = $120,000 - ( 280,000 x $0.4 ) = $8,000

4 0
3 years ago
Genoa Public School invited applications for a teaching position. The school wants to increase the diversity of its staff, which
Over [174]

Answer:

Banding.

Explanation:

Banding can be described as a method in which test scores are grouped into ranges and then the scores that fall under a particular range is said to be equal.

In decision making, there is always an occurrence of different persons having similar scores.

In the scenario above, Genova public school made its selection decision on the teaching application tests through banding.

8 0
2 years ago
Read 2 more answers
Your friend has just started a savings account that is currently paying 5% interest. If inflation is expected to be 7% this next
kumpel [21]

Answer:

If inflation is expected to be 7% this next year, your friend will be earning a -2% interest.

Step-by-step explanation:

Real interest rate is the interest rate that takes inflation into account. To calculate for the real interest rate, we have:

<em>Real interest rate = nominal interest rate - inflation rate</em>

<em>Real interest rate = 5% - 7%</em>

<em>Real interest rate = -2%</em>

In this case, the borrower will get paid and your friend will be the one penalized.

Negative interest rates occur infrequently and usually only when a country's central bankers are forced to utilize the monetary policy tool -- where the interest rates are set below zero -- during harsh economic times.


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3 years ago
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ivolga24 [154]

Answer:

ohh high school and College the same the nhi hai to hm likh I have been

Explanation:

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