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Lera25 [3.4K]
3 years ago
13

During a conversation with the credit manager, one of Tabor's sales representatives learns that a $1,234 receivable from a bankr

upt customer has not been written off but was considered in the determination of the appropriate year-end balance of the Allowance for Bad Debts account balance. What is the effect of write-off on 2013 net income
Business
1 answer:
Natali5045456 [20]3 years ago
8 0

Answer:

The answer is "No Effect ".

Explanation:

In the situation wherein the write-off would not affect the 2019 net earnings, the write-off reduces that both debt accounts as well as the benefit counter-asset for similar quantities. Whenever an expenditure was recognized, net revenues were affected, therefore, there will be nothing to write off under the allowance approach, so the response is no effect.

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Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
kupik [55]

Answer:

a. The equivalent units for materials using the weighted-average method  223432 gallons

b. The equivalent units for conversion costs using the weighted-average method 218714 gallons

Explanation:

The Concept of Equivalent units needs to be first defined.Equivalent Units in process costing is the number of units in terms of completion stage or percentage of a certain input element in the process.

<em>Step 1 Calculate the Units of Closing Work In Process</em>

Hint: Units IN must equal units Out

Units of Closing Work In Process = Units of Opening Work In Process + Units Started during the year - Units of Closing Work In Process

Therefore Units of Closing Work In Process  = 43300+235400-211300

                                                                          = 67400 units

<em>Step 2 Calculate the Equivalent Units of Materials</em>

Closing Work In Process ( 67400×18%)                 =   12132

Completed and Transferred Out ( 211300×100%) = 211300

Total                                                                             223432

<em>Step 3 Calculate the Equivalent Units of conversion costs</em>

Closing Work In Process ( 67400×11%)                  = 7414

Completed and Transferred Out ( 211300×100%) = 211300

Total                                                                            218714

3 0
3 years ago
The owner of consigned goods is called the and the one who sells goods for the owner is called the :
Nadusha1986 [10]

Answer:

consignor, consignee

Explanation:

7 0
2 years ago
One of the main responsibilities employers have under OSHA is to:
Schach [20]
<span>Read and follow all health and safety postings;Follow safe work practices;Help reduce work hazards;Report all occupational injuries and illnesses;Report hazardous conditions;Cooperate during an OSHA inspection; and<span>Exercise rights under the OSH Act in a responsible manner.</span></span>
5 0
3 years ago
Among the advantages of corporations are the ease of raising financial capital, professional management, and
aalyn [17]
I think the most appropriate answer would be B.


I hope it helped you!
8 0
3 years ago
A firm uses 80 hours of labor and 6 units of capital to produce​ 10,000 gadgets per day.​ Labor's marginal product is 4 gadgets
Andreas93 [3]

Answer:

Use more labor and fewer capital.

Explanation:

Given that,

For producing 10,000 gadgets,

Labor hours use = 80

Capital = 6 units

Marginal product of labor = 4 gadgets per hour

Marginal product of capital = 20 gadgets per unit

Cost of each unit of labor = $8 per hour

Cost of each unit of capital = $50 per unit

Therefore,

Marginal product per dollar for labor is as follows:

\frac{MP_{L} }{w} =\frac{4}{8}

        = 0.5

Marginal product per dollar for capital is as follows:

\frac{MP_{k} }{r} =\frac{20}{50}

        = 0.4

Hence, the marginal product per dollar for labor is greater than the marginal product per dollar for capital, which means that the firm should use more labor and fewer capital.

5 0
3 years ago
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