Answer and Explanation:
The journal entry is shown below:
Bad debt expense Dr $13,472
To allowance for doubtful debts $13,472
(Being the bad debt expense is recorded)
The bad debt expense is
= 6% of $326,200 - $6,100
= $13,472
Here the bad debt expense is debited as it increased the assets and credited the allowance for doubtful debts
Answer:
If an incident is too large or too complex and it exceeds the span of control of one single Incident Commander, the ICS may appoint staff positions, called Section Chiefs to help the Incident Commander oversee different components of the operation. These staff positions include doers (operational staff), thinkers (planning staff), getters (logistics staff) and payers (financial staff).
Explanation:
One of the main principles of the ICS is to limit the span of control of individuals. For example, usually when a supervisor has more than seven people under his/her control, or directly reporting to him/her, the supervisor needs to divide tasks with another supervisor or another person to lower responsibility and span of control.
Answer: A.The cumulative customerminus−level operating income of the top eight customers represents about 105.1105.1% of operating income
Explanation:
The Cumulative total of the first 8 customers is,
= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00
= $17,355.70
The Cumulative total of the Operating Income is,
= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00 - 168 - 676
= $16,511.70
Dividing both figures gives,
= 17,355.70 / 16,511.70 * 100
= 1.0511051 * 100
= 105.1105.1%
Option A is therefore correct.
Answer:
r = 9.14%
Explanation:
Simple interest = P * (1+rt)
Simple interest = $10,000 * (1+0.10 * 3)
Simple interest = $10,000 * 1.3
Simple interest = $13,000
Calculating the compound interest rate
A = P*(1+r)^n
$13,000 = $10,000 * (1+r)^3
(1+r)^3 = $13,000 / $10,000
r = ![\sqrt[3]{$13,000/ $10,000 - 1}](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7B%2413%2C000%2F%20%2410%2C000%20%20-%201%7D)
r = 0.0914
r = 9.14%
In verifying debits to perpetual inventory records of a nonmanufacturing firm, the auditor would be most interested in examining the <u> Vendors' invoices.</u>
Perpetual inventoryis a non-stop accounting practice that facts stock modifications in real-time, without the want for bodily stock, so the ebook stock accurately shows the actual inventory.
The maximum common perpetual inventory machine example is the use of wireless barcode scanners in a grocery keep. It information all scanned transactions at the device straight away as they occur. This way, firms can without difficulty compute the present day and required stockpile.
Perpetual inventory continuously tracks and records gadgets as they may be introduced to or subtracted from the stock. And it keeps tune of the fee of goods purchased and bought. physical stock makes use of a periodic agenda to manually matter and report items and hold song of the cost of what is offered and bought.
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