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2 years ago

Discuss the limitation ofdivision of labour andSpecialization

Business

1 answer:

vivado [14]2 years ago

5 0

Explanation:

people normally take abortion into a choice i totally agree.

labor is a serious matter that takes in some people's days

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During 2021, its first year of operations, a company provides services on account of $257,000. By the end of 2021, cash collecti

Dmitrij [34]

Answer:

Debit Bad debt expense $15,120

Credit Allowance for doubtful debt $15,120

Being entries to record estimated bad debts

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.

Account receivables balance as at year end

= $257,000 - $131,000

= $126,000

Allowance for doubtful debt = 12% * $126,000

= $15,120

4 0

3 years ago

Current Attempt in Progress Incorrect answer icon Your answer is incorrect. Carla Willis will invest $34,700 today. She needs $1

Nitella [24]

Answer:

12.18%

Explanation:

Present value = $34,700

Future Value = $173,500

Time (n) = 14 years

Interest Rate = i

Future Value = Present Value * (1+i)^n

$173,500 = $34,700 * (1 + i)^14

(1 + i)^14 = $173,500/$34,700

(1 + i)^14 = 5

1 + i = 5^(1/14)

1 + i = 1.1218284

i = 1.1218284 - 1

i = 0.1218284

i = 12.18%

So, the annual interest rate she must earn is 12.18%.

4 0

3 years ago

Unsystematic risk: Group of answer choices can be effectively eliminated by portfolio diversification. is compensated for by the

Novay_Z [31]

Answer:

can be effectively eliminated by portfolio diversification.

Explanation:

The systematic risk is the risk where the loss is associated with the entire market while on the other hand, the unsystematic risk is the risk in which the loss is associated with the particular segment

Therefore according to the given options, the unsystematic risk is the risk that is eliminated by diversifying the portfolio i.e investing the amount in different companies rather investing in one company

4 0

3 years ago

Formulator and implementer styles are essential to strategic management for all of the following reasons except A) Creating whol

marishachu [46]

C. maintaining the organization without any changes of primary importance

8 0

3 years ago

Read 2 more answers

Turrubiates Corporation makes a product that uses a material with the following standards: Standard quantity 7.6 liters per unit

frosja888 [35]

Answer:

Direct material quantity variance= $1,260 unfavorable

Explanation:

Giving the following information:

Standard quantity of 7.6 liters per unit

Standard price $ 2.10 per liter

The company budgeted for production of 3,400 units.

The actual production was 3,500 units.

The company used 27,200 liters of direct material to produce this output.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 3,500 units* 7.6= 26,600

Direct material quantity variance= (26,600 - 27,200)*2.1= $1,260 unfavorable

<u>It is unfavorable because the company used more material than estimated to produce 3,500 units.</u>

6 0

3 years ago

Discuss the limitation ofdivision of labour andSpecialization​

Discuss the limitation ofdivision of labour andSpecialization