Cost per unit
(300,000÷15,000)+20=40
Current profit
50×15,000−40×15,000=150,000
Profit change
60×15,000−40×15,000=300,000
units will knoll need to sell for profit to remain the same as before the price change is
(150,000+300,000)÷40=11,250
Answer:
Estimated Bad Debts = $ 9600
Explanation:
<u>Libre, Inc. </u>
Accounts Receivable $121,000
Allowance for Doubtful Accounts un adjusted $1,550 Credit
Net credit sales $192,000
The percentage of credit sales method, what is the estimated Bad Debt Expense for the year= 5% of $192,000 = $ 9600
Unadjusted balance Allowance for Doubtful Accounts $1,550 Credit
Less Current Year Bad Debts Balance = $ 9600
Adjustment= $ 8050
When using the percent of sales method the estimate of bad debts is the percentage multiplied with the credit sales .
Estimated Bad Debts = $ 9600
Answer:
Andrews's ROE would decrease
Explanation:
Return on equity is an example of a profitability ratio.
Profitability ratios measure the ability of a firm to generate profits from its asset
Return on equity = net income / average total equity
Using the Dupont formula, ROE can be determined using:
ROE = Net profit margin x asset turnover x financial leverage
ROE = (Net income / Sales) x (Sales/Total Assets) x (total asset / common equity)
If asset turnover decreases and other ratios remain constant, ROE declines
filing suit against violators of equal opportunity laws
What do you mean by human resource management?
Human resource management is a strategic method to successfully and efficiently managing people in a company or organisation so that they contribute to their firm's capacity to compete favourably (HRM or HR). In order to effectively manage people inside firms, human resource management focuses on policies and systems. The design of employee benefits, hiring, training, development, performance reviews, and reward management, including pay and benefit administration, fall within the purview of HR departments. HR is also concerned with organisational change, labour relations, and reconciling organisational requirements with those imposed by collective bargaining agreements and governmental regulations.
To learn more about human resource management
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