Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $19,340
To Allowance for doubtful debts $19,340
(Being estimated uncollectible amount is recorded)
For recording this journal entry, we debited the bad debt expense account and credited the Allowance for doubtful debts so that the amount is correctly recorded in the correct item.
Answer:
internal rate of return is 20.463%
Explanation:
given data
Year Cash Flow
1 $48,000
2 $46,000
3 $41,000
equipment cost = $95,000
to find out
Determine the internal rate of return
solution
we consider here internal rate of return is x
so we can say present value of inflows = present value of outflows
equate here
$95000 = 
solve it we get
x = 20.463 %
so internal rate of return is 20.463%
Answer: 50%
Explanation:
Purchasing price for each share = $30
Stop loss order placed at $45 for each share.
If the stock price drops to $35, the benefit earned = $ (45-30)= $15
Now, the return on this investment = (benefit earned) ÷(Purchasing price)x 100%
= (15)÷(30)x100%
= 0.5 x 100%
= 50%
So, your return on this investment = 50%
Answer:
The Journal entries are as follows:
(i) Manufacturing Overheads Account Dr. $900
To Accumulated Depreciation $300
To Cash account $100
To Utilities payable $500
(To record the expenses incurred)
(ii) Work in process inventory A/c ($1.50 × 450) Dr. $675
To Manufacturing Overhead $675
(To record the allocation of overhead at the predetermined rate of $1.50 per machine hour)
Answer and Explanation:
C) equals marginal cost: is upward-sloping
