What does "pivoting" mean in the process of concept development?

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of rec

Gre4nikov [31]

Answer:

a. 5% of $ 650,000= $ 32,500

b. Required Adjustment = $ 19,100

c. Required Adjustment = $ 34,900

Explanation:

Days Past Due

Total 0 1 to 30 31 to 60 61 to 90 Over 90

Accounts- $650,000 $412,000 $106,000 $52,000 $34,000 $46,000

receivable

Percent- 2% 3% 6% 8% 11%

uncollectible 22,320 8,240 3180 3120 2720 5060

a. 5% of $ 650,000= $ 32,500

B . Unadjusted Balance = $ 13,400 Credit

Estimated Balance= $ 32,500

Required Adjustment = $ 19,100

C. Unadjusted Balance = $ 2,400 Debit

Estimated Balance= $ 32,500

Required Adjustment = $ 34,900

4 0

3 years ago

Select all that apply.

FrozenT [24]

The answer is :
B,c&d

5 0

2 years ago

Read 2 more answers

Curt can be paid in one of two ways for the furniture he sells. Plan A: Salary of $350 per month, plus a commission of 10% o

Eduardwww [97]

Answer:

for $16000 plan B is better than A

Explanation:

We are searching for the stage where Plan A's compensation is less than Plan B's compensation.

Plan A < Plan B

let total of Curt's sales be the x,

x is the basis of the commission under Plan A, but the first 5000 of sales are excluded i.e (x - 5000) from the basis of commissions under Plan B.

350 + x(0.10) < 750 + (x - 5000)(0.15)

800 -750 < (0.15) x - 5000(0.15) - (0.10)x

50 < (0.15 - 0.10)x - 750

50+750 < (0.05)x

800 < (0.05)x $\frac{800}{(0.05)} < x$

16000 < x

5 0

3 years ago

Required Record the following transactions in general journal entry form. Record the event num-ber in the date column. 1. Issued

Anika [276]

Answer:

1. Cash $5000 Dr

Common Stock (at par) $5000 Cr

2. Cash $4000 Dr

Loan Payable $4000 Cr

3. Supplies $500 Dr

Account Payables $500 Cr

4. Account Receivables $8000 Dr

Service Revenue $8000 Cr

5. Salaries Expense $3900 Dr

Cash $3900 Cr

6. Prepaid Rent $2400 Dr

Cash $2400 Cr

7. Office Furniture $3500 Dr

Account Payable $3500 Cr

8. Cash $1800 Dr

Unearned Service Revenue $1800 Cr

9. Cash $3000 Dr

Account Receivables $3000 Cr

10. Utilities Expense $1200 Dr

Cash $1200 Cr

11. Dividends $1000 Dr

Cash $1000 Cr

12. Certificate of Deposit Receivable $2000 Dr

Cash $2000 Cr

13. Loan Payable $1600 Dr

Cash $1600 Cr

14. Land $2700 Dr

Cash $2700 Cr

15. Interest Expense $400 Dr

Interest Payable $400 Cr

16. Unearned Service Revenue $1800 Dr

Service Revenue $1800 Cr

17. Supplies Expense $400 Dr

Supplies $400 Cr

18. Salaries Expense $2300 Dr

Salaries Payable $2300 Cr

19. Interest Receivable $150 Dr

Interest Revenue $150 Cr

Explanation:

7 0

3 years ago

For the current interest period, Jones Corporation's accountant correctly recognized interest expense of $7,350 relating to Jone

Xelga [282]

Answer:

Journal entry recording the interest

Debit Credit

Interest Expense $7,350

Cash $7,000

Interest Payable $350

As $7,000 is paid from the total expense of $7,350. Remaining interest of $350 is recorded as liability in interest payable account.

5 0

3 years ago