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mr_godi [17]
3 years ago
10

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $640,000. th

e allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts has a credit balance of $35,000 at the beginning of 2018 and $22,500 in receivables were written off during the year as uncollectible. also, $1,500 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 10% to accounts receivable at the end of the year. required: 1. prepare journal entries to record the write-off of receivables, the collection of $1,500 for previously written off receivables, and the year-end adjusting entry for bad debt expense. 2. how would accounts receivable be shown in the 2018 year-end balance sheet
Business
1 answer:
morpeh [17]3 years ago
3 0

Maybe spread these out more

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A lack of the resources needed to go into producing goods and services is called what
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Goods service resources
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Kicks corporation sells running shoes and during janurary they ran production machines for 20000 total hours and incurred 9000 i
Dafna11 [192]

Answer:

$0.3 per machine hour

Explanation:

The computation of the variable maintenance cost per machine hour using the high low method is shown below:

Variable cost per machine hour = (High maintenance cost - low maintenance  cost) ÷ (High machine hours - low machine hours)

= ($9,000 - $7,200) ÷ (20,000 machine hours - 14,000 machine hours)

= $1,800 ÷ 6,000 machine hours

= $0.3 per machine hour

7 0
3 years ago
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Serga [27]
It is know as extracurricular activities
4 0
2 years ago
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Lin Wai's company, New Home Builders Corp., specializes in designing homes that have wide hallways and walk-in showers that coul
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Answer:

strengths

Explanation:

A SWOT analysis includes strengths, weaknesses, opportunities and threats:

  • strengths: analyses what does your company do well and distinguish it from the competition.
  • weaknesses: analyses what are your company's weak spots and what does your competition do better than you.
  • opportunities: new situations that can favor your company.  
  • threats: situations that can negatively affect your company.  
8 0
3 years ago
When the cost minimizing combination of inputs is being used and there is no corner​ solution,
LenKa [72]

Answer:

A. the iso-quant line is tangent to the iso-cost line.

Explanation:

Cost minimization refers to the decrease in level of cost of production for certain specified level of production.

Iso quant line represents the labor and capital combinations keeping the total cost same. The least combination represents the tangent to isoquant, basically representing the idle choice of labor and capital.

In this manner the company chooses the idle way of cost minimization.

4 0
3 years ago
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