The correct entry to write off a $400 receivable owed by Ajax Co. using the Direct Write-Off Method would be: Debit Accounts Receivable-Ajax and credit Allowance for Doubtful Accounts for $400. Debit cash $400 and Credit Accounts Receivable $400.
Answer:
The weighted average unit contribution margin is 7,92
Explanation:
The weighted average unit contribution margin is the sum of the contribution margin of each product multiplied by the quantity sold of that product , then divided by the sum of all the products.
CM average=(CMᵃ * Qᵃ+CMᵇ * Qᵇ)/(Qᵃ+Qᵇ)
CM average=($ 7.25 * 800+$ 9.00 * 500)/(800+500)
CM average=($5800+$4500)/(1300)
CM average=7,92
Early on, under 5 yrs. Children pattern after patents and caregivers.
Typically there is a correlation as time passes, interest rates go up. That is great for investments but not so good for debt.
Answer: A. December 31, 2018
Explanation: RMD also known as required minimum distribution is a withdrawal one has to take from his or her retirement plan once he or she attains the age of 70and a half years old.
According to IRAs, once a person attains the age of 70.5 which is six months after the person's 70th birthday, the individual is entitled to take his or her RMD by the 31st of December following his or her 70.5 birthday.
According to the above question, Walter is entitled to take his RMD on the 31st of Dec, 2018.
