Basic Answer
a carpenter sells furniture, whereas an automobile manufacturer sells cars.
Bussiness Answer
a carpenter sells style , whereas an automobile manufacturer sells mobility.
Answer:
The balance of uncollectible accounts after the adjustment will be $15,000
Explanation:
On December 31, the balance of the accounts receivable is $300,000 and on same data it is suggested that the 5% of the account receivable will be not be collected.
So, the balance of the uncollectible accounts will be computed as:
Uncollectible accounts = Account receivable balance × % which will not collected
where
Account receivable balance is $300,000
% which will not be collected is 5%
Putting the values above:
= $300,000 × 5%
= $15,000
NOTE: The allowance for uncollectible accounts of $1,000, already credited, so will not be considered again.
A career cluster is a group of like careers that allow you to pick different types of sections within the same career. Marketing refers to public relations, advertising, sales and planning. Each of these sections are very important to make sure the marketing plan goes as planned and completes what it was intended to do. The cluster of different sections make up the entire marketing career which are essential to make sure the advertising is completed.
5% of 2265$ is 113,25$
Because 5% is 5/100 so 5 x 2265$ = 11325$
11325$ : 100 = 113,25$
Second year cost is the first year’s plus 5% so
2265$ + 113,25$ = 2378,25$ (second year cost)
Answer: $237070
Explanation:
The amount that Novak should report as its December 31 inventory will be:
Inventory in hand = $190,000
Add: Goods bought from Pelzer Corporation = $25,170
Add: Cost of goods sold to Alvarez Company = $21900
Total = $237070
The amount that Novak should report as its December 31 inventory will be $237070
