Not choosing the correct business organization to set up would become very costly for an individual hoping to start operations and this would result in business failure even before the business began operations.
Answer:
Post closing trail balance
Explanation:
As we know that
In the trial balance, it contains two sections. The one is debit that recorded expenses, and assets whereas another one are credit that recorded liabilities, revenues, and the stockholder equity
The post-closing trial balance is that trial balance that is made after passing the closing entries with respect to revenues, expenditure, dividend, net profit or net income.
The motive of this to balance the debit and the credit section which should be zero. Moreover, it is to be carried forward that would become the starting balance of the next accounting period.
Answer:
The total appraisal cost that would appear on the quality cost report is $63,300.
Explanation:
Appraisal costs can be described as costs that are incurred by a company in order to detect some of its products that have defects before they delivered to customers.
Examples of appraisal cost include costs incurred to inspect work-in-process materials, costs incurred to inspect finished goods, supplies used to conduct inspections, and among others.
Based on the above explanation, the total appraisal cost that would appear on the quality cost report can be calculated as follows:
Total appraisal cost = Test and inspection of in-process goods + Final product testing and inspection = $19,500 + $43,800 = $63,300
Therefore, the total appraisal cost that would appear on the quality cost report is $63,300.
All of the above mentioned traits are the characteristics of someone who has antisocial personality disorder. Antisocial personality disorder is also known as sociopathy. This is a mental condition where a person does not have a clear grasp between what is right and wrong and often disregard the feelings of other people.
Answer:
Explanation:
1. The journal entries are shown below:
Bad debt expense A/c Dr $3,378
To Allowance for doubtful debts A/c $3,378
(Being bad debt expense is recorded)
Allowance for doubtful debts A/c Dr $4,510
To Account receivable A/c $4,510
(Being written off amount is recorded)
2. The computation of the net sales is shown below:
= Gross sales - sales discount - sales return - credit card fees
= $140,756 - $1,344 - $996 - $2,129
= $136.287
