Answer:
The bad debts would be debited with $5,000.
Explanation:
The bad debts under the allowance method is calculated by either as a percentage of accounts receivables or as a percentage of sales.
Percentage of Sales method:
In the percentage of sales method the allowance is calculated as below:
Allowance for doubtful debts = Sales * Percentage for doubtful debts
Allowance for doubtful debts = $500,000 * 1% = $5,000
Now always remember that this amount will be used only and their is no need to include the allowance for doubtful accounts balance.
Whereas on the other hand, in the percentage of accounts receivable method the allowances are included in the amount calculated.
The entry would be:
Dr Bad Debt Expense $5000
Cr Allowance for Doubtful Debts $5000
Answer:
True
Explanation:
Satisfaction on the job has to do with achieving one's set out personal goals and also attaining growth over time in the job. To achieve this, the manager has a role to play also because the function he performs to motivate the Employees will determine if they are satisfied or not, the manager can help each employee attain growth in their chosen path by helping down through the ladder with task that are related to thier field hence giving them a form of satisfaction on the job and also reward for extraordinary performance by the manager tends to motivate the Employee to want to do more.
Fulfilment on the job is dependent on how much of much set out task individuals are able to accomplish and in the bigger picture, rhe manager comes into the center stage.
Drawing district boundaries to deliberately benefit a candidate or party is an example of Gerrymandering.
Gerrymandering is the practice of drawing electoral district boundaries in a way that gives one political party an unfair advantage over its rivals (political or partisan gerrymandering) or dilutes the voting power of members of ethnic or linguistic minority groups in the United States (racial gerrymandering). A fundamental objection to gerrymandering in general is that it tends to violate two tenets of electoral apportionment: compactness and equality of constituency size.
Gerrymandering can be used to protect incumbents as well. According to Wayne Dawkins, politicians choose their voters rather than voters choosing their politicians. Gerrymandering has a negative connotation, and it is almost always regarded as a corruption of the democratic process.
Learn more about gerrymandering here:
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Answer:
Purchases Quantity = 441075 pounds
Purchases Value = $926257.5
Explanation:
To calculate the quantity and value of the purchases of direct material for the month of January, we first need to determine the quantity of direct material needed for production in January and adjust it with the opening inventory of direct material and the desired closing inventory.
To produce 715000 candles, the wax needed (in pounds) = 715000 * 10/16
To produce 715000 candles, the wax needed (in pounds) = 446875 pounds
The purchases for wax in pounds for January should be,
Consumption = Opening Inventory + Purchases - Closing Inventory
446875 = 18600 + Purchases - 12800
446875 + 12800 - 18600 = Purchases
Purchases = 441075 pounds
The value of Purchases will be = 441075 * 2.1 = $926257.5
Answer:
$6.9
Explanation:
If gallon of milk cost 1.12 in 1970, we can calculate the expected price in 2009 per gallon of milk using the proportion below:
2009 price/214.5 = $1.12/38.8
=>Find the expected price of 2009 by cross multiplying
38.8 × 2009 price = 1.12 × 214.5
38.8 × 2009 price = 240.24
=>Divide both sides by 38.8
2009 price = 240.24/38.8
2009 price = 6.19175258 ≈ 6.19
Expected price of gallon of milk in 2009 = $6.19
