Answer:
d. $1050.
Explanation:
We multiply each account balance by the expected uncollectible amount and then addd them to get the expected total for doutful accounts
![\left[\begin{array}{cccc}Date&Amount&Expected&uncollectible\\$not due&10000&0.02&200\\$up to 30&5000&0.05&250\\$up to 60&3000&0.1&300\\$more than 61&800&0.5&400\\&&Total&1150\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DDate%26Amount%26Expected%26uncollectible%5C%5C%24not%20due%2610000%260.02%26200%5C%5C%24up%20to%2030%265000%260.05%26250%5C%5C%24up%20to%2060%263000%260.1%26300%5C%5C%24more%20than%2061%26800%260.5%26400%5C%5C%26%26Total%261150%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Balance of the allowance account: 100
The expense will be the adjustment made on the allowance to get the expected balance of 1,150
1,150 - 100 = 1,050
we increase the allowance bu 1,050 to get our expected uncollectible fro maccounts receivable agaisnt the bad debt expense ofthe period.
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Answer:
$3,340
Explanation:
Step 1 : Determine the Depreciation rate
<em>Depreciation rate = Cost - Salvage Value ÷ Estimated Units</em>
Depreciation rate = $0.10
Step 2 : Depreciation Expense
<em>Depreciation Expense = Depreciation rate x units produced</em>
Depreciation Expense = $3,340
Therefore,
the machine's second-year depreciation using the units-of-production method is $3,340
Answer:
$29,390
Explanation:
For computing the total cost first we have to determine the variable cost per customer and the fixed cost which is shown below:
Variable cost Per Customer is
= (High total cost - low total cost) ÷ (high number of customer served - low cost of customer served)
= ($28,934 - $28,241) ÷ (14,100 - 11,214)
= $0.24
Now
Fixed cost is
= High cost - (high number of customer served × variable cost per customer)
= 28,934 - (14,100 × 0.24)
= $25,550
So, the total cost for 16,000 customers is
= Fixed cost + variable cost
= $25,550 + (16,000 × $0.24)
= $29,390
Answer:
It will take 30 years for country Y’s GDP to catch up with that of country X
Explanation:
In this question. We are asked to calculate the number of years it will take a certain country Y to catch up with the GDP of a certain country X, given the annual growth rate in both countries.
We calculate the number of years as follows;
Firstly, we assign a variable to the value of the real GDP of country Y
let real
Let the real GDP of the country Y be n. This means that the GDP of country C will be 4 * n = 4n
With a 7% growth rate annual, country Y's Real GDP will be doubled in 70/7 = 10 years and;
With annual growth rate of 2.33% ,country x's Real GDP doubles in 70/2.33 = 30 years.(Approx)
Now in next 30 years x's Real GDP will be = 2x4n = 8n
and Y's Real GDP in next 30 years will be = 2x2x2xn = 8n.
thus , it will take 30 years to country Y to catch up to the level of country x.
