Answer:
Allowance for doubtful accounts $ 106106 using the aging method
Explanation:
<u>Evers Industries </u>
<u>Estimate of Allowance for Doubtful Accounts </u>
Balance Not Past Past Due (days)
Due (1-30) (31-60) (61-90) (Over 90)
Total
Receivables 1,124,500 607,400 233,000 121600 96500 66000
Percentage
<u>Uncollectible 1% 3% 12% 30% 75% </u>
Allowance for 6074 6990 14592 28950 49500
doubtful accounts 106106
<em>We multiply each percent with the amount given and then add them all to get the total which is $106106 based on aging method.</em>
Answer:
$4 and $4
Explanation:
The computation are shown below:
Per hour cost = Total set up cost ÷ Total direct labor hours
= $64,800 ÷ $81,000
= $0.8
Now the set up cost would be
= Per hour cost × Direct labor hours per unit
For Plus
= 5 × $0.8
= $4
For Max
= 5 × $0.8
= $4
All other given information is not important. Hence, ignored it
Answer: The correct answer is "a. Less".
Explanation: According to the principle of diminishing returns to capital, an additional unit of capital will <u>less</u> in Alpha compared to Beta, holding other factors constan.
The law of diminishing returns is an economic concept that shows the decrease of a product or a service as productive factors are added to the creation of a good or service. It is a marginal decrease, that is, the increase is smaller every time.
Answer:
C. $32,900
Explanation:
The computation of the beginning retained earning balance is shown below"
As we know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
$51,100 = Beginning retained earning balance + $22,500 - $4,300
$51,100 = Beginning retained earning balance + $18,200
So, the beginning retained earning balance would be
= $51,100 - $18,200
= $32,900
Answer:
true is the answer according to me
