<span>This is a novation. In this case, Mandy is being replaced in her obligation with Carla Sue. The obligations that were present in the first contract will now all transfer to Carla Sue. The difference between a novation and an assignment is that all parties have to be aware of the transfer and have agreed to it beforehand.</span>
Answer:
Closing Inventory would be standing at $10000
Explanation:
The cost that forms part of the cost of inventory are all those production costs that are necessary to convert it into finished goods which in this case is:
Production cost = All direct costs are production costs
And
All Direct Cost = $7000 Direct Mat + $9500 Production Workers Wages + $8500 Direct Utilities bills = $25000
And the production cost incurred was for 5000 units which means the unit production cost was $5 ($25000 / 5000 units).
So closing inventory value would be = 2000 closing inventory units * $5
= $10000
Answer:
What is allowance for doubtful debt?
This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.
1 Bad debts expense Dr ($18,000 × 0.25%) $45
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
2. Bad debts expense $45
($72 - $27)
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
3 Bad debts expense $105
($72 + $33)
To Allowance for Doubtful Accounts $105
(Being the bad debt expense is recorded)
4 Allowance for Doubtful Accounts $15
To Accounts Receivable $15
(Being the allowance for doubtful accounts is recorded)
Learn more about allowance for doubtful debts here : brainly.com/question/25687295
Explanation:
Answer:
C.
Explanation:
When new entrants into a competitive market have higher costs than existing firms, market price will rise.
The correct answer to this open question is the following.
Unfortunately, it seems that something is missing here. "Progressivism, where will you put your million dollars answers?" is the section of the examination, but it is not a specif question.
So what is what you want to know?
However, trying to offer some help, we can comment on the following.
Progressivism was the period in the history of the United States during the end of the 1800s and the beginning of the 1900s, in which many social leaders demanded changes to the consequences of the industrial era and exposed the ways fabrics and industries exploited workers and children. It also was a time when "muckraker" journalists exposed the corruption of the federal government. It was a true time of changes in America.
Those progressive leaders and their ideas made the government to create the kind of legislation to change things for the better in the country.
