Answer:
$92,400
Explanation:
Coolwear incorporation has a balance in its prepaid insurance account of $48,400
In 2018, $86,000 was paid for insurance
At the end of 2018, the balance was $42,000 after adjusting entries were recorded
Therefore the insurance expense for 2018 can be calculated as follows
= $48,400 + $86,000-$42,000
= $134,400-$42,000
= $92,400
Hence the insurance expense for 2018 is $92,400
Answer: Amy is <em>concerned </em>with her organization's i<em>nability to solve problems</em> quickly. Several <u>subordinates have complained</u> to her that they feel alienated from the management <u>making the decisions</u> about their jobs with<u> no input </u>from them.
The element that Amy should address is the Chain of command.
Explanation:
A chain of command is a system for sending inside information of organizations with strong, vertical and authoritative structures.
The continuous flow of the chain of command clearly establishes the authority, revealing this depending on who reports to whom.
We must take into account the Authority and the Unit of command. This last is very important because it states that each supervisor must inform only one superior and like this the company preserves the continuous line of authority so all employees are heard and their ideas are taken into consideration for making decisions.
Answer:
The journal entry is shown below:
Explanation:
The journal entry for writing off the amount through using the Allowance Method is as:
Allowance for Bad debts A/c.............................Dr $300
Accounts Receivable A/c...........................Cr $300
While writing off the amount of bad debt, the allowance for bad debts account is debited against the accounts receivable account.
The journal entry which is to be recorded for reversing the write off through using the Allowance Method:
Accounts Receivable A/c...........................Dr $300
Allowance for Bad debts A/c......................Cr $300
So, for reversing the original entry would be reversed, which means the accounts receivable account is debited as the payment is received and the bad debts got decrease, which means the allowance for Bad debts is credited.
Answer:
Predetermined manufacturing overhead rate= $22.2 per direct labor hour
Explanation:
Giving the following information:
Fixed manufacturing overhead= $127,840 per month
Estimated direct labor hours= 9,400
The variable overhead rate is $8.60 per direct labor hour
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (127,840 / 9,400) + 8.6
Predetermined manufacturing overhead rate= $22.2 per direct labor hour
Answer:
Grid analysis is a brilliant chance to consolidate conceptualizing to consider the significance of different variables that affect a determination choice. The choice of another provider can be a laborious procedure, and the significance of the choice is inarguable.
Explanation:
