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Slav-nsk [51]
3 years ago
14

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $309,000 and $600 (credit) in Allowance for U

ncollectible Accounts. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 5% of accounts receivable. Bad debt expense for the year should be:
Business
1 answer:
MissTica3 years ago
5 0

Answer:

Bad debt expense  $ 14.850

Explanation:

Initial Balance    

Accounts Receivable  $ 309.000  

Allowance for Uncollectible Accounts  $ 600  

Should be 5% of the Accounts Receivables    

Allowance for Uncollectible Accounts  $ 15.450

We must calculate the difference between the actual balance and the must be balance.

Adjustment entry

Bad debt expense  $ 14.850  

Allowance for Uncollectible Accounts  $ 14.850

END Balance    

Accounts Receivable  $ 309.000  

Allowance for Uncollectible Accounts  $ 15.450  

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Answer:

It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system.

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2 years ago
ackson Inc. listed the following data for 2019: Budgeted factory overhead $1,530,000 Budgeted direct labor hours 90,000 Budgeted
Anastaziya [24]

Answer: $36 per machine hour

Explanation:

Assuming Jackson Inc. applied overhead based on machine hours, the firm's predetermined overhead rate for 2019 would be calculated by dividing the budgeted factory overhead by the budgeted machine hours. This will be:

= $1,530,000 / 42,500

= $36 per machine hour

5 0
2 years ago
The following information is available for Cullumber Company after its first year of operations: Income before income taxes $260
MakcuM [25]

Answer:

$85,500

Explanation:

The computation of the amount that was actually paid is

= Amount charged to warranty expense on its books - Deferred income tax before charging income tax

= $96,000 -  $4,200 ÷ 0.40

= $96,000 - $10,500

= $85,500

Simply we subtract the deferred income tax before income tax from the warranty expense so that the actual amount could come

3 0
3 years ago
Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a pr
sergij07 [2.7K]

Answer:

The Question has been offered as to pick the least of the terms less expensive than lifetime alternative, so it is smarter to continue with the choices given in the Question.

For 14 years:

Year                Cash Flow                  PVF = 7.6%            Cash Flow

0                      $800                                 1                            $800

1 - 13                $800                             8.0807                   $6464.56

                                                                 <u>Total                    $7264.56 </u>

For 13 years :

Year                Cash Flow                  PVF = 7.6%            Cash Flow

0                       $800                                1                            $800

1 - 12                 $800                            7.6948                   $6155.83

                                                              <u>Total                    $6955.835 </u>

<u> </u>For 19 years

Year                Cash Flow                  PVF = 7.6%            Cash Flow

0                        $800                               1                            $800

1 - 18                  $800                            9.6377                   $7710.16

                                                              <u>Total                      $8510.16 </u>

<u> </u>

For the long time alternative it is realize that not doable choice to go with 19 years so obviously past 19 years likewise not possible so for a long time not comprehended.  

from the over the least is accessible in 13 years so lloyd needs to go for a long time.

3 0
3 years ago
A pay structure in which more efficient workers earn higher wages, as suggested by frederick w. taylor, is known as a(n) _______
Flura [38]

A pay structure in which more efficient workers earn higher wages, as suggested by Frederick w. Taylor, is known as a<u> Differential Rate</u> system.

<h3>What are wages?</h3>

A wage is a payment made to employees for the time they put in working for their employer. Always depending on a specific period of time, wages are paid. On an hourly basis, typically. This is the origin of the phrase hourly worker. Salary and commissions are some more types of payment.

Pay for lower-level employees is determined by the number of hours worked. To record the number of hours worked each week, this personnel typically use a time sheet or time card. To keep track of hourly employee hours, the majority of modern firms use computerized systems.

To enter their hours worked, employees must log in and out of the system. Then, this personnel are paid either once a week or once every other week, depending on the state. If an hourly worker works more than 40 hours per week, they must be compensated for overtime.

In contrast to salaries, commissions are permissible for workers who are paid wages. Payment for a certain action is known as a commission. The sales sector is where commissions are most frequently encountered. When making sales, salespeople and saleswomen are frequently given a base salary as well as a commission.

Thus, This is a strategy used by businesses to motivate their sales employees to perform better on the sales floor while still paying them a low salary.

For more information on Wages, refer to the given link:

brainly.com/question/13847060

#SPJ4

Complete Question

A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.

A. scale

B. increasing wage

C. differential rate

D. wide wage

E. merited pay

5 0
1 year ago
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