Answer: They tell you what you or your team needs to improve
Answer:
Allowance for doubtful accounts $ 106106 using the aging method
Explanation:
<u>Evers Industries </u>
<u>Estimate of Allowance for Doubtful Accounts </u>
Balance Not Past Past Due (days)
Due (1-30) (31-60) (61-90) (Over 90)
Total
Receivables 1,124,500 607,400 233,000 121600 96500 66000
Percentage
<u>Uncollectible 1% 3% 12% 30% 75% </u>
Allowance for 6074 6990 14592 28950 49500
doubtful accounts 106106
<em>We multiply each percent with the amount given and then add them all to get the total which is $106106 based on aging method.</em>
Answer:
D) $36,000
Explanation:
Company Current After Increase Change
Sales $100,000 $140,000 +40,000
Variable cost $60,000 $84,000 +24,000
Contribution margin $40,000 $56,000 +16,000
Fixed expenses $20,000 $20,000 +0
Operating income $20,000 $36,000 +16,000
The Increase in Operating Income will be = $36,000 as our final answer
I would say the goal of a healthy economy is to have zero unemployment because that would mean that all able bodied men and women were gainfully employed which would enable them to contribute to the economy by producing wealth plus also consuming goods for their social reproduction with the resulting two-fold benefit to the economy.
Depends honestly but generally 20 min
