Answer and Explanation:
Debit bad debt expense for $40,000 and credit allowance for uncollectible accounts for $40,000
Answer:
7208.9
Explanation:
Calculate the expected cost per stockout with the following information: Probability of a back order is 67%, lost sale is 22%, and the probability of a lost customer is 11%. The cost per incident of a back order is $50, lost customer is $65,000. The sales price of the item is $12 with a 20% profit margin. The average order is 50.
expected cost is the probability that a certain cost will be incurred multiplied by the cost.
Stockout cost can be defined as the lost income and expense in relation to a shortage of inventory.
Expected cost/stockout=Probability of stockout *expected demand
Probability of a back order is 67%
lost sale is 22%
probability of a lost customer is 11%.
expected demand for back order $50
The average order is 50.
lost customer is $65,000
The sales price of the item is $12 with a 20% profit margin
.67*50+.11*65000+.22*50+1.2*12
33.5+7150+11+14.4
=7208.9
The answer is <u>"a. True".</u>
Preemptive multitasking refers to a task in which a PC operating system utilizes a few criteria to choose to what extent to allot to any one errand before giving another assignment a swing to utilize the working framework. The demonstration of taking control of the working framework starting with one errand and giving it then onto the next assignment is called preempting.
A typical basis for preempting is basically slipped by time (this sort of framework is now and again called time sharing or time cutting). In some operating systems, a few applications can be given higher need than different applications, giving the higher need programs control when they are started and maybe longer time slices.
Answer:
$164,200
Explanation:
Given that,
After all closing entries are made,
Net income = $101,200
Retained earnings = $98,000
Dividends = $35,000
Therefore,
Balance of retained earnings:
= Retained earnings + Net income - Dividends
= $98,000 + $101,200 - $35,000
= $164,200
Hence, the balance in the Retained earnings account is $164,200.
Answer:
Sales revenue 728,400
Sales R&A (25,320)
Delivery Expense (12,780) * considered freight-out
sales discount <u> (12,380) </u>
net sales: 677,920
sales revenue 728,400 debit
income summary 728,400 credit
--to close revenues accounts--
income summary 50,480
Delivery Expense 12,780
Sales Returns and Allowances 25,320
Sales Discounts 12,380.
--to close the contra account to sales---
Income summary 677,920
Retained Earnings 677,920
Explanation:
