The euro is the common currency across Europe.
Answer: Debit Bad debt expense $11,264, Credit Allowance for bad debt $11,264; Debit Allowance for bad debt $9,650, Credit Accounts receivable $9,650.
Explanation: Percentage of credit sales method means bad debt expense expressed as a percentage of sales.
The estimated bad debts rate is 2.2%, which translates to 2.2% of $512,000 (credit sales) = $11,264. The firm has to record this, being the estimated bad debts rate, as Debit to bad debt expense and Credit to allowance for bad debt. However, accounts receivable that was deemed uncollectible is $9,650. This amount would be taken out from the buffer in allowance account by debiting allowance for bad debt and crediting accounts receivable.
Answer - A (7 years)
WORKINGS
To calculate how long it would take for the new refrigerator to pay for
itself in lower utility costs, the cost of new refrigerator will be divided by lower utility cost per
year
Cost of new refrigerator = $598
TO CALCULATE LOWER UTILITY COST PER YEAR
At a cost of only 12 cents per day
Annual cost will be 12 X 365 = 4380 Cents ($43.8)
Cost saved annually = Cost of old refrigerator – Cost of new
refrigerator.
Lower utility cost per year = $132 – $43.8
Lower utility cost per year = $88.2
How long would it take for the new refrigerator to pay for
itself in lower utility costs?
$598 ÷ $88.2
= 6.78 years
Approximately 7 years
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Answer:
The male frog would join the female frog in the water poodle
Explanation:
Mathematically,
Let x = temperature the 10000 joules from sun Ray would raise the temperature of the copper
So therefore:
10000 = m * (x - 33°) * Spc
Where m = mass of copper = 400g
Spc = specific heat capacity of copper = 0.387j/g/°c
So
400 * ( x - 33) * 0.387 = 10000
( x - 33 ) = 10000/ (400 * 0 387)
x = 97.6 °c
Temp for water where m = mass of water = 100g
x¹ = temperature the sun Ray of 10000 joules would raise the temp of water too.
Spw = specific heat capacity of water = 4.184j/g/°c
So therefore;
100 * ( x¹ - 33 ) * 4.184 = 10000joules
x¹ - 33 = 10000/ (100 * 4.184)
x¹ = 56.9°c
Since x for the male frog is greater than x¹ for the female frog, the male frog would be more uncomfortable because it's environmental temp is far higher than the comfort zone tem which is 20° to 40°c so it would move to join the female frog.
Answer:
$27,000
Explanation:
Allowance for doubtful accounts before adjustment $15,000
Allowance provided for the month;
$800,000*1.5% $12,000
Closing balance for Doubtful Accounts $27,000
The allowance for doubtful accounts is provided on net sales basis therefore sales are multiplied with % of bad debt allowance given in question.
