One thing that a process cost system cannot be used for from the given options is Motion pictures.
<h3>What is process costing?</h3>
This is a method of allocating cost that is based on the same item being mass-produced such that there is no discernable difference between the goods that were produced.
Motion pictures cannot be mass produced which is why they cannot use process costing, Every motion picture is unique and so something more specific is needed to apportion their cost.
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Answer:
The entry to record bad debt expense:
Debit Bad debts expense $24,446
Credit Allowance for Doubtful Accounts $24,446
Explanation:
1. At December 31, 2020,
Bad debt are estimated: 11% x $204,600 = $22,506
Before adjusting, Allowance for Doubtful Accounts had a debit balance of $1,940. So Bad debt expense will be: $1,940 + $22,506 = $24,446
The adjustment to record Bad debt expense and Allowance for Doubtful Accounts:
Debit Bad debts expense $24,446
Credit Allowance for Doubtful Accounts $24,446
Answer:there’s all of them word it differently please
Explanation:
Lesson two unit lab for advertising sales promotion
Profits not always the point
1) Consistent, Competitive & Profitable
2)doing good
3)finding a purpose
4. Values and purpose
5)profit is definitely an added perk, if your company is making good profits then you can offer incentives such as bonuses or other things for your employees to do their best every day.
Secrets of selfridges
1)he had an approach to marketing he drew people in
2)he advertised in a newspaper he would fly the flag above the shop he wrote articles defending their cause
3. It made him popular with women shoppers when things turned violent people protected his store
4. He treated everyone the same this was revolutionary because the classes were separated so it was integrating the classes and treating them all the same even though that wasn’t everyone’s outlook on it
5. Sales became a worldwide tradition
Answer:
a) $1080
b)$19080
c) Loan given | -$18000
d)$540
e)$19620
f)loan | 18000
Interest received | $1620
g) $1620
Explanation:
a) Year 1 : a) Interest income = $18000*9%*8/12 = $1080
b) The total receivable at december 31,Year = 18000+1080 = $19080
c) Year 1 :Statement of cash flow
Loan given | -$18000
d) Interest income Year 2 = $18000*9%*4/12 = $540
e) Total cash collect in 2017 = $18000+$1080 + $540 = $19620
f) Cash flow from investing activities :
loan | 18000
Interest received | $1620
g)Total interest earned = 18000*9% = $1620
It may seem that franchise has many benefits since it allows for a person to open and operate a business without much knowledge of how to run a business and generally franchises are well advertised so not much marketing costs are needed, however negative impacts are much more, since you need to pay lifetime percentages for sales and operating under franchise as well as there is no room for creativity and too much dependence on a big business. Also the funds needed to open a franchise are much higher than same business but operating independently. So negative side is prevailing.