Answer:
Explanation:
The adjusting entry is shown below:
Bad debt expense A/c Dr $19,750
To Allowance for Uncollectible Accounts $19,750
(Being the bad debt expense is adjusted)
The computation of the Allowance for Uncollectible Accounts is shown below:
= Accounts receivable × estimated percentage + debit balance of allowance for uncollectible accounts
= $119,000× 15% + $1,900
= $17,850 + $1,900
= $19,750
That statement is false
Strategic performance evaluation monitors all activities that could influence company's productivity, including the external sources.
In fact, external sources could contribute greately in company's performance. For example, Government could suddenly lower tax-rate for trading with a neighboring country where company obtain most of its raw material.
Hey there!
A debit card is a card with a specific amount of money on it to be used, but still comes with the convenience of a credit card, just doesn't allow you to use money that's not on there.
Hope this helps!
the actual cost per direct labor hour must be $17.56
<h3>What is
direct labor?</h3>
A direct labor cost is a component of a wage bill or payroll that can be specifically and consistently assigned to or associated with the production of a product, a specific work order, or the provision of a service.
Variable labor, fixed labor, direct labor, and indirect labor are the four types of labor costs.
Labor cost is an important value that finance and accounting professionals calculate to determine a company's direct and indirect labor costs. Wages and benefits for employees directly involved in the production of the product or service commodity are included in the direct cost of labor.
To know more about direct labor follow the link:
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You develop your labor (human capital)
Due to scarcity, choices must be made. Every choice has a opportunity cost
Everyone's goal is to make choices that maximize their satisfaction. Everyone acts in their own "self-interest"
Everyone makes decisions by comparing the marginal costs and marginal benefits of every choice.
You found it to be scarce that you were offered $3.00 dollars more than the first offer.