Answer:
JOURNAL ENTRIES
Dr. Bad Debts.......................3,700
Cr. Accounts Receivable.............3,700
Explanation:
an adjustment for estimated uncollectible accounts at the end of 2021
JOURNAL ENTRIES
Dr. Bad Debts.......................3,700
Cr. Accounts Receivable.............3,700
for the actual bad debts in 2022. we have adjust for the difference between the estimate and the actual amount which is $1,100
JOURNAL ENTRIES
Dr. Accounts receivable...(3700-2600)...1,100
Cr. Bad debts recovered.....................................1,100
Being bad debts recovered, a shortfall in actual estimates
Answer:
$31.82
Explanation:
market price $50
expected rate of return /Re) = 14%
Div = $50 x 14% = $7
risk free rate (Rf) = 6%
market premium (Rm - Rf) = 8.5%
beta = ?
14% = 6% + (beta x 8.5%)
beta x 8.5% = 14% - 6% = 8%
beta = 8% / 8.5 = 0.941
if beta doubles to 1.882, then Re will be:
Re = 6% + (1.882 x 8.5%) = 22%
new market price of the stocks = $7 / 22% = $31.818 = $31.82
False. If you say that you have had a positive work experience, it will seem as though you are skilled in that field.
Answer:
The amount of underapplied manufacturing overhead at the end of the year is $1200.
Explanation:
Total estimated $360,000/est
direct labour hours 45000 = $8x (Actual Dl hours) 47000
= $376,000
Actual Overhead worked = $377,200 - $376,000
= $1200 underapplied
Therefore, The amount of underapplied manufacturing overhead at the end of the year is $1200.
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