Answer:
Potato Company
Balance in Allowance for Doubtful Accounts is $575 (Credit).
Explanation:
We can use a T-account for the Allowance for Doubtful Accounts to determine the balance:
Allowance for Doubtful Accounts
a. Accounts Receivable $668 Beginning Balance $494
Ending Balance <u>$575</u> b. Bad Debt Expense <u>$749</u>
<u>$1,243</u> <u>$1,243</u>
Ending Balance $575
The allowance for doubtful accounts is a contra account to the Accounts Receivable account. Its purpose to provide some estimation of the uncollectibles as a way of managing the credit risk involved in trade sales.
Hello There!
This is a "False Statement" <em>The cost of notions is generally not insignificant part of a garment’s cost</em>
Answer:
Algorithm II uses a heuristic approach to provide an approximate solution in reasonable time.
Explanation:
Answer:
Firm A will spend $4,000.
Explanation:
The chemical dumped into the river daily by
Firm A = 50 ton
Firm B = 50 ton
ATQ,
The clean-up cost of Firm B before getting into the river = $50 per ton.
= $50 x 50tons = $2500.
2). Pollution rate as per government = $75 per ton
No. of permits = 40
= $75 x 40
= $3000
As we know,
The clean-up cost of Firm B is lesser than the cost of pollution permits with $500($3000 - $2500). Cleaning up the pollution would be best because it is a cheaper alternative..
The cleanup cost of Firm A per ton = $100 per ton.
= $100 x 50tons
= $5000
2). Pollution rate as per the govt. = $75 per ton
= $75 x 40 permits
= $3000.
The clean-up cost of Firm A is greater than the cost of pollution permits with $2000. Thus, the cleaning up the pollution would cost more for Firm A. Thus, they must go for purchasing the permits.
3). Purchasing 40 pollution permits would cost
= $100 x 40
= $4000.