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Arlecino [84]
4 years ago
12

Vaughn Manufacturing unadjusted trial balance includes the following balances (assume normal balances): • Accounts Receivable $1

130000 • Allowances for Doubtful Accounts $23100 Bad debts are estimated to be 5% of outstanding receivables. What amount of bad debt expense will the company record?
Business
1 answer:
Andru [333]4 years ago
3 0

Answer:

$33,400

Explanation:

Given that,

Accounts Receivable = $1,130,000

Allowances for Doubtful Accounts = $23,100

Estimated bad debts:

= 5% of outstanding receivables

= 0.05 × $1,130,000

= $56,500

We simply deduct the allowance for doubtful accounts balance from the estimated bad debts to record the amount of bad debt expense.

Amount of bad debt expense will the company record:

= Estimated bad debts - Allowances for Doubtful Accounts

= $56,500 - $23,100

= $33,400

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At the start of football season, the ticket office gets very busy the day before the first game. Customers arrive at the rate of
ipn [44]

Answer:

(a) 3.2

(b) 10 minutes

(c) 0.8

Explanation:

Mean number of customer in service:

= Arrival rate ÷ service rate

= 24 in 60 min ÷ 30 in 60 min

= 24 ÷ 30

= 0.8

a) Average number of people in line:

= (Mean number of customer in service × arrival rate) ÷ (Service rate - arrival rate)

= 0.8 × (24 ÷ 6 )

= 3.2

b) Average time spend at the ticket office is = 10 minutes

c) Proportion of time server is busy:

= Arrival rate ÷  service rate

= (24 in 60 min ÷  30 in 60 min)

= 24 ÷ 30

= 0.8

7 0
3 years ago
Why should employees review their hiring process
saveliy_v [14]

Answer: Because that gives them an idea if the company is taking into account the necessary aspects of hiring someone.

Explanation:

Hiring is an important part of the process of any company, the employer wants to be sure that is taking the right candidate but this process needs to be done in the best way possible. When employees review their hiring process they can see if they had a good or not so good hiring process, this means if during the process they felt comfortable and if the employer took into account the right aspects of what the company is looking for.

The hiring process needs to be fair and that is something the employees should felt. They also need to evaluate if they had the right abilities to do the job and if that was taking into account.

6 0
3 years ago
Shelley wants to cash in her winning lottery ticket. She can either receive six, $193,000 semiannual payments starting today, or
Oxana [17]

Answer:

$1,045,517.95

Explanation:

Data provided in the question:

Semiannual payments = $193,000

Number of semiannual payments, n = 6

Annual interest rate, i = 6% = 0.06

when compounded semiannually = 6% ÷ 2 = 3% = 0.03  

Now,

Single Payment = Semiannual payments × PVAF

here,

PVAF = [ 1 - (1 + i )⁻ⁿ ] ÷ i

or

PVAF = [ 1 - (1 + 0.03 )⁻⁶ ] ÷ 0.03

or

PVAF = 5.4172

Therefore,

Single Payment = $193,000 × 5.4172

= $1,045,517.95

3 0
4 years ago
In ______ feedback, the receiver provides nonevaluative information to the communicator.
umka21 [38]

In informational feedback, the receiver provides non-valuative information to the communicator.

Feedback in the context of communication refers to a reaction from the recipient that informs the communicator of the message's effectiveness and whether it needs to be amended.

Alternatively said, feedback is the message's reception by the recipient

Corrective feedback is when the receiver challenges the initial communication in response to informational feedback, which is when the receiver provides non-evaluative information to the communicator.

Reinforcing feedback occurs when the recipient expresses explicitly that she has understood the message and its goals.

Hence, in informational feedback, the receiver provides non-valuative information to the communicator.

Learn more about communication:

brainly.com/question/4999885

#SPJ1

8 0
2 years ago
Derek, an employee at ferns tech inc., has filed a lawsuit against his employer. he claims that after the introduction of an aff
rodikova [14]
<span>This may be an example of </span>"reverse discrimination".


The expression "reverse discrimination" at times is utilized to portray a kind of segregation wherein individuals from a majority or truly advantaged gathering, (for example, males) are victimized in view of their race, sex, age, or other secured characteristic. These sorts of cases commonly emerge in the zones of work or instruction.
6 0
3 years ago
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