2 years ago

The of accounts receivable method uses several percentages to estimate the allowance.

1 answer:

6 0

Answer:

The aging of accounts receivable method uses several percentages to estimate the allowance.

Explanation:

An account of receivable aging report lists customer account balances by length of time outstanding.

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ABC uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retai

Licemer1 [7]

Answer:Ending Inventory at Cost= $981,248.40

Explanation:

Cost Retail

Beginning inventory $393,500 $594,000

purchases $3,408,000 $5,193,600

freight in $159,500,

net markups $414,000

Total $3,961,000 $6,201,600

Sales $4,666,000

Ending Inventory at Retail:=(Beginning inventory + purchases +net markups - Sales during the current year

594,000 + $5,193,600 + $414,000- $4,666,000, = $1,535,600

Cost to Retail Ratio:( Beginning inventory + purchases+freight in)/ (Beginning inventory + purchases +net markups )

=($393,500 + $3,408,000 +$159,500,) ÷ (594,000 + $5,193,600 + $414,000) =$3,961,000/$6, 201, 600= 0.638= 0.639

Ending Inventory at Cost: Ending Inventory at Retail x Cost to Retail Ratio

$1,535,600 x 0.639 = $981,248.40

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3 years ago

The demand for cable television is relatively elastic, because if the price gets too high, people will rent dvds or videos inste

elena-s [515]

The answer is the producer

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3 years ago

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A pattern of relationships and accountability between a superior and his or her subordinates is established by the process of:

crimeas [40]

Delegation of Authority

The delegation of authority is having upper level management funnel tasks and information through their chain. Delegation is assigning someone below them (usually) a task to complete.

Often the delegation of authority looks like this:
Top level management
Middle level employee
Low level employee
Operating level employee

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3 years ago

At the beginning of the current year, X Company had assets of $600, liabilities of $300, and common stock of $100. During the cu

Viefleur [7K]

Answer:

$250 is the answer

Explanation:

As we want to calculate here the net income which could be found from the following formula:

Net Income or Profit = Sales - Expenses

In this case the sales figure is $750 and the expenses are $500.

By putting the values we have

Net Income = $750 - $500 = $250

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3 years ago

What is the opportunity cost of studying for an important exam

Setler [38]

What ? Getting a good grade I guess or $20 for A+

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2 years ago