Answer:
Allowance for Doubtful Account
Accounts written off $56 Beginning balance $375
[$375+$14-$333]
Bad debt expense $14
Ending balance $333
Accounts Receivable (Gross)
Beginning balance $13,389 Accounts written off $56
[$13014+$375]
Net sales revenue $69,943 Cash collected $67,956
[$13389+$69943-$56-$15320]
Ending balance $15,320
[$14987+$333]
The job characteristics that Andrew needs to improve include debugging and coding because these two characteristics will help him not only to identify but to deal with bugs
A bug occurs as there is a problem in the coding of a system or program. Bugs are more common than it is believed and they should be not only identified on time but also solved.
The process of eliminating bugs is known as debugging, this process requires specific techniques to identify bugs and after this, eliminate the bugs from the program or system. Mark needs to improve in this area because he knows how to identify the bugs but he does not know the techniques to eliminate them.
Moreover, Mark needs to improve in programming as this is the main way to eliminate bugs. This means, improving in programming will help Mark to improve in debugging.
Learn more in: brainly.com/question/24946752
Answer:
a. Amber Corporation donated inventory of clothing (basis of $138,500, fair market value of $173,125) to a qualified charitable organization that operates homeless shelters.
- charitable donations are valued at fair market value, in this case that equals $173,125
b. Brass Corporation donated stock held as an investment to Western College (a qualified organization). Brass acquired the stock three years ago for $70,800, and the fair market value on the date of the contribution is $113,280. Western College plans on selling the stock.
- Again, we must use the fair market value to record donations, in this case = $113,280.
c. Ruby Corporation donates a sculpture held as an investment and worth $200,800 to a local museum (a qualified organization), which exhibits the sculpture. Ruby acquired the sculpture four years ago for $80,320.
- use fair market once more, = $200,800
Explanation:
When you donate assets to qualifying charities, it is always better to do it by donating the itself, not selling it before and then giving the money. If you sell the asset, you will owe capital gains taxes (either long or short term). By donating the asset directly, you avoid capital gains taxes.
Answer:
the interest expense that should be recorded in the income statement is $600
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest × given months
= $60,000 × 0.03 ÷ 12 × 4 months
= $600
Hence, the interest expense that should be recorded in the income statement is $600
Answer:
Please see answers below
Explanation:
A. For break even point
= fixed expenses - Contribution margin per unit
Where,
Contribution margin per unit = Sales per unit - Variable cost per unit
= $11 - $4
= $7
Therefore,
Break even points in unit = $58,800 ÷ $7
= 8,400 pizzas
B. Target profit
The break even point = Fixed costs expenses + Target profit / Contribution margin per unit
= ($58,800 + $54,000) / $7
= $112,800 / $7
= 16,114 pizzas
C. Margin of safety in dollars
= (Total sales - Break even in sales) * Selling price per unit
= ( 9,900 - 8,400 ) * $11
= 1,500 * $11
= $16,500
D. Contribution margin in lay man's term.
Contribution margin is when a firm makes or produces a product and then sold it, the difference that is left after deducting variable costs(costs associated with the sales like cost of raw materials used in producing the product) from the the sales of such product is the contribution margin.
