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Nonamiya [84]
3 years ago
12

Alvin's Transport has total credit sales for the year of $182,000 and estimates that 3% of its credit sales will be uncollectibl

e. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated bad debt expense. Assume the following independent conditions existed prior to the adjustment:
a. Allowance for Doubtful Accounts has a credit balance of $570.
b. Allowance for Doubtful Accounts has a debit balance of $360
Business
1 answer:
goldfiish [28.3K]3 years ago
4 0

Answer:

S/n      Account Title and Explanation      Debit     Credit

a.         Bad Debt Expense                         $5,460

            ($182,000 sales x 3%)

                   Allowance for Doubtful Accounts       $5,460

           (To record bad debt expense)

b.        Bad Debt Expense                         $5,460

            ($182,000 sales x 3%)

                   Allowance for Doubtful Accounts       $5,460

           (To record bad debt expense)

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Heedy Winery accumulates the costs incurred in the labeling process in an activity cost pool. Costs for the labeling process are
klasskru [66]

Answer:

$80,000

Explanation:

The computation of allocation labeling expenses is shown below:-

Overhead rate = Labeling process cost ÷ Labels generated

$320,000 ÷ $640,000

= $0.5 per label

Allocation labeling expenses = Wine estimated bottles × Overhead rate

= $160,000 × $0.5

= $80,000

Therefore for computing the allocation labeling expenses we simply applied the above formula.

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3 years ago
A new casino wants to hire about 1,000 employees for its new resort. Applicants are asked to complete an online questionnaire th
jarptica [38.1K]

When only those applicants who have previously worked in hotels and casinos will be considered eligible for the next step in the hiring process. This best exemplifies a "pre-employment screening process".

<h3>What is a pre-employment screening process?</h3>

Pre-employment screening has several names, including: Background investigations, background screening, and criminal investigations

Some characteristics of pre-employment screening process are-

  • Pre-employment screening entails gathering all the data necessary to make a wise hiring decision.
  • This entails locating applicants who satisfy established job requirements and confirming the data they supply.
  • Pre-employment screening procedure includes reviewing applications and deciding whether to hire someone.
  • Various components, such as job screening questions included in the employment application, may be part of the screening process.
  • Employing tests that are cognitive, behavioral, or skills-based, conduct pre-employment testing. including phone screenings, video interviews, and in-person meetings with candidates.
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5 0
2 years ago
College football​ attendance, especially student​ attendance, has been on the decline. In​ 2016, home attendance at major colleg
puteri [66]

Answer:

Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:

A) higher, because more games are televised today.

Opportunity costs are the cost of choosing one alternative from another.

In this case, when college students attend college football games they are unable to do other activities, not only while they are at the stadium or going to the stadium, but they are not able to purchase other goods. The cost of those alternatives that are lost are higher now because many college football games are televised now, before if you wanted to see a game you had to go to the game. So a student is now able to watch the game while doing other activities, or saving money for buying something else.

Can this change in opportunity cost account for the decline in college football​ attendance?

B) ​Yes, because these changes increase the opportunity cost of watching football games in person.

Even though opportunity costs do not involve actual cash payments, they are still important and individuals do consider them when they are choose one option over another. E.g. imagine if you had to choose between spending a considerable amount of money by attending a game (ticket, gas, beverages, etc.) or watching that game on TV and buying a few clothes instead or going on a date, etc. What option would you choose?

6 0
3 years ago
The inventory of Bramble Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizab
Brrunno [24]

Answer:

$462,562

Explanation:

Lower of Cost and Net Realizable Value (LCNRV) records ending inventory at the lowest between purchase costs or net realizable value.

Part         Q             Cost per Unit          Net RV            Total

110        620              <u>$121.00</u>                 $127.00          $75,020

111        1,080             $76.20                  <u>$66.00</u>            $71,280        

112         540             $101.60                  <u>$97.00</u>           $52,380

113         220            <u>$215.90</u>                $228.60           $47,498

120        440           <u>$260.00</u>                $264.00          $114,400

121      1,400              $20.00                     <u>$1.00</u>             $1,400

122       330             $304.80               <u>$298.00</u>         $100,584

Total                                                                             $462,562

6 0
3 years ago
In Ohio, what is the typical salary for a cost estimator who is in the top 10%?
max2010maxim [7]

Answer:

The  typical salary for a cost estimator who is in the top 10% is $117,272

Explanation:

The salary of cost estimator in Ohio ranges between $54418 to $117,272.

$117,272 lies in the top 10% while the bottom 10% get $54418

On an average, the salary of cost estimator falls between $66,800 and $99,700

3 0
3 years ago
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