Answer:
The accrual basis provides more useful information for decision makers as it matches better revenue against expenses.
Explanation:
net earnings under the cash basis of accounting:
service revenue $22,000
less operating expenses $13,000
less insurance $3,600
Net earnings $5,400
net earnings under the accrual basis of accounting:
service revenue $28,000
less operating expenses $14,500
Net earnings $13,500
The accrual basis provides more useful information for decision makers as it matches better revenue against expenses.
bran-list please almost Virtuoso
Inventory because the things they have in stock is their inventory and I cannot see how any of these other options could be linked to the pumpkin spice.
Hope this is helpful:)
Answer:
The break even unit is 2800 units.
Explanation:
The target profit of JVL Enterprises = $126000
The selling price of a single unit (SP) = $50 per unit.
Variable cost (VC) = $15
Fixed cost of the production (FC) = $98000
Now find the break-even unit by dividing the fixed cost with the difference of selling price and variable cost.
The break even unit = FC / (SP-VC)
= 98000 / (50 – 15)
= 2800 units
Answer:
The allowance for doubtful accounts at end of the year is $30,800, not $30,000
The correct option is D,$40,800
Explanation:
The bad debt expense for the current year is the sum of the ending allowance for doubtful debt plus the amount written off in the year as uncolletible minus the opening balance of allowance for doubtful debt.
Ending balance of allowance for doubtful debts is $30,800
The amount written off as uncollectible is $21,000
opening balance of allowance for uncollectible is $11,000
bad debt expense=$30,800+$21,000-$11,000=$40800