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Fantom [35]
3 years ago
6

Amend Inc. debited Accounts Receivable and credited Allowance for Uncollectible Accounts to reestablish an account previously wr

itten off. Amend Inc. should also debit _______ and credit _______. Multiple choice question. Accounts Receivable; Cash Cash; Allowance for Uncollectible Accounts Cash; Accounts Receivable Allowance for Uncollectible Accounts; Cash
Business
1 answer:
goldfiish [28.3K]3 years ago
5 0

Answer:

Cash; account receivable

Explanation:

The journal entry to reestablish an account previously written off is given below:

Cash Dr XXXXX

   To account receivable XXXXX

(being the reestablish an account previously written off is recorded)

Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets

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You are offered the right to receive $1000 per year forever, starting in one year. If your discount rate is 5%, what is this off
GREYUIT [131]

Answer:

Worth of the offer =$20,000

Explanation:

<em>The worth of this offer is the present value of the annual cash inflow receivable forever discounted at the given interest rate. The cash inflow receivable forever is known as a perpetuity</em>

The present of a cash inflow receivable forever is given below:

PV = A× 1/r

A- annual cash inflow, r- discount rate, PV - Present value of a perpetuity

A- 1,000, r- 5%

PV = 1,000 × 1/0.05

PV = $20,000

Worth of the offer =$20,000

4 0
4 years ago
The Americans with Disabilities Act requires that employers make reasonable accommodations for individuals with disabilities. Ho
V125BC [204]

The way in which this requirement would affect law enforcement officers and firefighters is that more disabled persons would be admitted into the force.

<h3>What is an Act?</h3>

This refers to the law passed which gives explicit instructions about a particular thing that has to be carried out and is legally backed.

With this in mind, we can see that the Americans with Disabilities Act mandated that employers make reasonable accommodations for individuals with disabilities and this Act would reduce discrimination against the employment of disabled persons.

Read more about Disabilities Act here:
brainly.com/question/14312255

6 0
3 years ago
During May, Keenan Company accumulated 570 hours of direct labor costs on Job 200 and 610 hours on Job 305. The total direct lab
sashaice [31]

Answer:

Dr work-in process $ 25,430.00  

Cr wages payable                            $ 25,430.00  

Explanation:

The total labor cost on jobs is the total hours spent on each job multiplied by direct labor cost per hour as shown thus:

Job 200=570*$20=$11,400.00  

Job 305=610*$23=$14,030.00  

Total direct labor cost on both jobs=$11,400.00  +$14,030.00 =$ 25,430.00  

The journal entries in respect of labor cost of  $25,430.00  is to debit work-in process and again a credit goes to wages payable

7 0
3 years ago
What is the difference between full absorption costing and variable costing?A. In full absorption costing, all of the non-manufa
Charra [1.4K]

Answer: C. In full absorption costing, fixed manufacturing overhead is included in the cost of the product. In variable costing, fixed manufacturing overhead is expensed.

Explanation:

Full absorption costing accounts for all the costs involved in making a product including the indirect and the direct costs. That means both variable costs like direct materials and direct labor as well as fixed costs like rent, and insurance are included in the cost of the product.

Variable costing on the other hand expenses fixed manufacturing overhead separately. As a result, Full absorption has a higher cost of inventory than does Variable costing.

8 0
3 years ago
Sunnyside Travel, Inc. is a travel agency that specializes in destination wedding vacation packages. It has packages ranging fro
Naya [18.7K]

Answer:

Mass customization

Explanation:

Mass customization is a business approach that focuses on providing customized goods and services to customers. It is a strategy that requires flexibility, integration, and personalization to make customized products that suit each customer's needs.

The biggest challenge with mass customization is the cost element. A business needs to have sufficient customer orders to deliver quality customized products at a competitive price.

Mass customization is the availing of tailor-made products, unique and to each customer's liking. By allowing each customer to set their preferences, Sunnyside Travel is involved in mass customization.

6 0
3 years ago
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