A department using the FIFO method for process costing begins the month with 10,000 units which were 70% complete at the end of the previous month. They started and completed 50,000 units and their ending work in process inventory consisted of 5,000 units which were 10% complete. The costs incurred were $200,000.
Required:
A) The cost per equivalent unit of production, using the FIFO method is $ ____________ . Round your answer to two decimal places.
Answers
Answer:
$3.74 per equivalent unit
Explanation:
beginning WIP 10,000 units, which were 70% complete = 7,000 equivalent units
units started and completed during the month 50,000
ending WIP 5,000, which were 10% complete = 500 equivalent units
costs incurred = $200,000
under FIFO, total equivalent units:
beginning WIP completed (100% - 70%) x 10,000 = 3,000 units
+ units started and completed 50,000 units
+ ending WIP 5,000 x 10% = 500
total units = 53,500 equivalent units
cost per equivalent unit = $200,000 / 53,500 = $3.738 or $3.74 per equivalent unit
Related Questions
International trade has been a great boon for many countries and, in general, has been more beneficial for the world than not. However, there are both costs and benefits
associated with international trade. Present and discuss two advantages of international trade and two disadvantages of international trade.
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your
response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of
standard American English.
Answers
Answer:
Advantages: Increased revenues, Decreased competition, Longer product lifespan, Easier cash-flow management, Better risk management, Benefiting from currency exchange, Access to export financing, Disposal of surplus goods, etc.
Disadvantages: Disadvantages of International Shipping Customs and Duties, International shipping companies make it easy to ship packages almost anywhere in the world, Language Barriers, Cultural Differences, Servicing Customers, Returning Products, Intellectual Property Theft, etc.
Good luck with the text.
Why do companies wish to have financial slack?
Answers
This extra money is available to help a company survive difficult times, such as decreases in sales, revenues or profits
Which of the following often occurs with money and prices when the government prints more money and places it into circulation?
Answers
Which research information could best help a marketer decide whether to
discontinue a product line?
A. Results of an experiment showing the combination of price and
features that consumers most often select
B. Observation results showing the path consumers take through a
store
C. Survey results indicating that the product no longer meets a
customer need
D. Survey results showing that what consumers value most is
reliability
Answers
Answer: survey results indicating that the product no longer meets a customer need
Explanation:
The research information that could best help a marketer decide whether to discontinue a product line is: Survey results indicating that the product no longer meets a customer need. Thus option (C) is correct.
What is an information?An information refers to something that has the power to inform. At the most fundamental level information pertains to the interpretation of that which may be sensed.
The digital signals and other data use discrete signs or alogrithms to convey information, other phenomena and artifacts such as analog signals, poems, pictures, music or other sounds, and the electrical currents convey information in a more continuous form.
Information is not knowledge itself, but its interpretation is important. An Information can be in a raw form or in an structured form as data. The information available through a collection of data may be derived by analysis by expert analysts in their domain.
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____ is the production of goods or services within an economy and can include anything from farming, to furniture making, to healthcare services.
Answers
Answer:
I believe it's a market economy.
Explanation:
When submitting the completed project, please show all work and number each answer accordingly.
When calculating the NPV use the following five columns (use for ALL NPV calculations):
Item
Year(s)
Cash Flow
Discount Factor
Present Value of Cash Flows
1. Tony Skateboards is considering building a new plant. James Bott, the company’s marketing manager, is an enthusiastic supporter of the new plant. Michele Martinez, the company’s chief financial officer, is not so sure that the plant is a good idea. Currently the company purchases its skateboards from foreign manufacturers. The following figures ere estimated regarding the construction of the new plant.
Cost of plant
$4,000,000.00
Estimated useful life
15 years
Annual cash inflows
$4,000,000.00
Salvage value
$2,000,000.00
Annual cash outflows
$3,550,000.00
Discount rate
11%
James Bott believes that these figures understate the true potential value of the plant. He suggests that by manufacturing its own skateboards the company will benefit from a “buy American” patriotism that he believes is common among skateboarders. He also notes that the firm has had numerous quality control problems with the skateboards manufactured by its suppliers. He suggests that the inconsistent quality has resulted in lost sales, increased warranty claims, and some costly lawsuits. Overall, he believes sales will be $200,000 higher than the projected above, and that the savings from lower warranty costs and legal costs will be $80,000 per year.
Required:
a. Compute the Cash Payback period for the project based on the original projections.
b. Compute the net present value of the project based on the original projections.
c. Compute the Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits.
d. Compute the net present value of the project incorporating James’ estimates of the value of the intangible benefits.
e. Comment on your findings.
2. The partnership of Michele and Mark is considering the following long-term capital investment proposal. Relevant data on the project is listed below. Salvage value is expected to be zero for the project. Depreciation is computed by the straight-line method. The company’s rate of return is the company’s cost of capital which 12%.
Brown
Capital Investment
$200,000.00
Annual Net Income:
Year 1
$25,000.00
Year 2
$16,000.00
Year 3
$13,000.00
Year 4
$10,000.00
Year 5
$8,000.00
Total
$72,000.00
Required:
a. Compute the cash payback period for the project. (round to two decimal places)
b. Compute the net present value for the project (round to the nearest dollar)
c. Compute the annual rate of return for the project.
d. Compute the profitability index for the project.
1
Answers
The Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits is 2.74 years.
Cash Payback Period = (Total Initial Investments- Salvage Value)/Net Annual Cash Flows
Cash Payback Period = (4000000-2000000)/(4000000-3550000)
Cash Payback Period = 4.44 years
The Cash Payback period for the project based on the original projections is 4.44 years.
Cash Payback Period = Total Initial Investments/Net Annual Cash Flows
Cash Payback Period = (4000000-2000000)/(4200000-3470000)
Cash Payback Period = 2.74 years
The Cash Payback period for the project incorporating James’ estimates of the value of the intangible benefits is 2.74 years.
Simply divide the initial cash outlay of a project by the amount of net cash inflow that the project generates annually to find how to calculate payback period in practice. You might assume that the net cash inflow is constant each year in order to calculate the payback period formula.
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Question 4 (4 points)
Match each Type of Sales Channel to its corresponding description.
>
Selling products in bulk
to various outlets or
retailers for onward
sale.
When a brand or
manufacturer sells
direct to consumers
and the end users of
their products, as
opposed to selling to
them solely through
retailers.
Selling products directly
to end customers for a
profit, either in-store,
online, mail-order, or
by phone.
Businesses that sell to
other businesses who
are the intended end
user of the product.
1. Retail.
2. Wholesale
3. Direct to Consumer
4. B2B
Answers
Based on business and trading methods, the type of sales channel, that matches the description can be any of the following Retail, Wholesale, Direct Consumer, or B2B.
What are Sales Channels?The Sales Channel is a term that is used to describe the ways or methods in which producers sell their products. This method can either be through direct or indirect routes.
Considering the available descriptions we have the following sales channel matching them.Wholesale: Selling products in bulk to various outlets or retailers for onward sale.Direct to Consumer: When a brand or manufacturer sells direct to consumers and the end users of their products, as opposed to selling to them solely through retailers.Retail: Selling products directly to end customers for a profit, either in-store, online, by mail-order, or by phone.B2B: Businesses that sell to other businesses who are the intended end user of the product.Hence, in this case, it is concluded that each of the types of sales channels has its peculiarities that producers may choose to utilize.
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Gina loves food almost as much as she likes to make money. When Gina knew that she wanted to own her own business, she decided to open a restaurant. She didn’t know exactly what was involved and wanted some guidance as she developed her business. She contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name.
Answers
Gina needed some guidance while she built her company because she didn't know exactly what was involved. She made contact with a well-known restaurant xhain and paid for the right to use its trade name when operating her own restaurant. So, Gina is following single ownership business.
A sole proprietorship, also known as a Single ownership business, is an unincorporated business with only one owner who is responsible for paying personal income tax on the company's profits. Since it's not essential to register a distinct business or trade name, many sole owners operate under their own identities.
Due to a lack of governmental oversight, a sole proprietorship is the most straightforward type of business to start or dissolve. As a result, consultants, sole proprietors, and other freelancers frequently operate these kinds of enterprises. The majority of small firms begin as sole proprietorships, grow, and then convert to a limited liability entity or corporation. So when Gina contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name its referred to as single ownership business.
The question is incomplete complete question is:
Gina loves food almost as much as she likes to make money. When Gina knew that she wanted to own her own business, she decided to open a restaurant. She didn’t know exactly what was involved and wanted some guidance as she developed her business. She contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name. what kind of business do they belong????
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At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $203,500 and in Allowance for Doubtful Accounts of $8,620 (credit). During the period, it had net credit sales of $739,000 and collections of $813,450. It wrote off as uncollectible accounts receivable of $7,198. However, a $2,978 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $26,810 at the end of the period. (Omit cost of goods sold entries.)
Required:
a. Prepare the entries to record sales and collections during the
b. Prepare the entry to record the write-off Of accounts the period.
c. Prepare the entries to record the recovery of the uncollectible account during the period.
d. Prepare the entry to record bad debt expense for the period.
Answers
Answer:
Sheridan Company
a. Debit Accounts receivable $739,000
Credit Sales revenue $739,000
To record sales of goods on account.
Debit Cash $813,450
Credit Accounts receivable $813,450
To record collections from customers.
b. Debit Allowance for Uncollectible Accounts $7,198
Credit Accounts receivable $7,198
To record the write-off of accounts for the period.
c. Debit Accounts receivable $2,978
Credit Allowance for Uncollectible Accounts $2,978
To record the recovery of the uncollectible account.
d. Debit Bad Debts Expense $22,410
Credit Allowance for Uncollectible Accounts $22,410
To record bad debt expense for the period.
Explanation:
a) Data and Analysis:
a. Accounts receivable $739,000 Sales revenue $739,000
b. Cash $813,450 Accounts receivable $813,450
c. Allowance for Uncollectible Accounts $7,198 Accounts receivable $7,198
d. Accounts receivable $2,978 Allowance for Uncollectible Accounts $2,978
e. Bad Debts Expense $22,410 Allowance for Uncollectible Accounts $22,410
Allowance for Uncollectible Accounts
Account Titles Debit Credit
Beginning balance $8,620
Accounts receivable $7,198
Accounts receivable 2,978
Bad debts expense 22,410
Ending balance 26,810
Totals $34,008 $34,008
I have to write an persuasive email to parents of 6-12 year old children to promote my art & adventure new online recreational club by using AIDA strategy in which;
A stands for Attention,
I stands for Interest,
D stands for Desire, and
A stands for Action.
Any ideas??
{ Write a persuasive email on the following topic using the AIDA strategy. Task: Write a persuasive email using the AIDA model, to parents of 6 to 12- year-old boys and girls, promoting Art and Adventure is a new online recreation club which aims at providing a host of online activities for children especially during the winter months in Canada. Tell them they can learn more about the activities by visiting your website. }
Answers
Answer:
Explanation:
Greetings to all parents looking for something to keep your children occupied!
Is your child bored during those cold winter months? Here is something that can spark their imagination and creativity.
Art and Adventure is a new online recreation club for six to twelve year olds that encourages kids to create through digital art programs and group activities. Your children can interact with other children in a safe environment and share creative ideas, while also building creative skills.
Instead of having to drag your child through the snow in freezing temps, they can stay inside while continuing to be intellectually and creatively inspired!
Learn more by visiting us here!
Ethics
AP6-5 Horizon Corporation manufactures personal computers. The company began operations in 2012 and reported
profits for the years 2012 through 2019. Due primarily to increased competition and price slashing in the industry,
2020's income statement reported a loss of $20 million. Just before the end of the 2021 fiscal year, a memo from the
company's chief financial officer (CFO) to Jim Fielding, the company controller, included the following comments:
If we don't do something about the large amount of unsold computers already manufactured, our auditors will require us to
record a write down. The resulting loss for 2021 will cause a violation of our debt covenants and force the company into
bankruptcy. I suggest that you ship half of our inventory to J.B. Sales, Inc., in Oklahoma City. I know the company's
president, and he will accept the inventory and acknowledge the shipment as a purchase. We can record the sale in 2021
which will boost our loss to a profit. Then J.B. Sales will simply return the inventory in 2022 after the financial statements
have been issued
Required:
1. Understand the reporting effect: What is the effect on income before taxes of the sales transaction requested by the
CFO?
2. Specify the options: If Jim does not record the sales transaction requested by the CFO, what is the effect on total
assets and income before taxes of the inventory write-down?
3. Identify the impact: Are investors and creditors potentially harmed by the CFO's suggestion?
4. Make a decision: Should Jim follow the CFO's suggestion?
Answers
Based on the effects of what the CFO suggests, the effect on the income before taxes will be an increase.
If Jim does not do what the CFO requests of him, the total assets will increase and the income before taxes will decrease.
The investors and the creditors will be harmed by the CFO's suggestion.
As regards what he should do, Jim should not follow the CFO's suggestion.
What are the effects of the CFO's suggestion?If Jim does what the CFO suggests then income will increase on account of the fake sales increasing the revenue the company gets.
If Jim refuses to do what the CFO suggests, then the computers will remain in inventory which will increase assets as inventory is an asset. Income will however decrease because sales will be less.
Jim should not do what the CFO suggests because it would harm investors who would remain invested in a loss making company that could implode anytime. Same goes for the creditors.
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While business plans are designed to change, a company’s mission statement should remain the same.
A.
True
B.
False
Answers
Answer:
I believe that the answer would be true
Explanation:
Answer:
False
Explanation:
Business plans, mission statements may need to be periodically reviewed and changed. For example, a company might find that its purpose shifts due to changes in the market, or it might have largely accomplished one challenge and is ready to take on a new one.
Suggest THREE ways businesses can use creative thinking to solve business problems.
Answers
Answer: They can Substitute.
Combine.
Rearrange.
Eliminate.
Put to other uses.
Magnify.
Adapt.
Explanation: stan bts
Businesses can creatively solve problems by using brainstorming, design thinking, and cross-disciplinary collaboration to foster innovation and customer-centric solutions.
Here are the three steps:
1. Brainstorming Innovative Solutions: Encouraging teams to freely brainstorm diverse ideas and explore unconventional approaches fosters creative problem-solving and potential breakthrough innovations.
2. Design Thinking Methodology: Embracing the iterative design thinking process empowers businesses to deeply understand customer needs, ideate, and test creative solutions, ensuring customer-centric problem-solving and increased efficiency.
3. Cross-Disciplinary Collaboration: Fostering collaboration between different departments or external partners encourages diverse perspectives and leverages a wide range of expertise, leading to novel problem-solving strategies and fostering a culture of continuous innovation.
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4. What was the closing price of the corporation on July 26th?
Answers
The closing price of a security, such as a stock or a commodity, is the final price at which it was traded on a particular trading day. The calculation of the closing price depends on the market in which the security is traded.
What is closing price?If you have access to the historical data of the security, you can easily calculate the closing price by finding the last recorded price of the security on a given trading day. Many financial websites and data providers offer this information in their daily summary of a security's trading activity.
However, if you are looking to calculate the closing price in real-time, you can use a real-time data provider that offers the latest market quotes for the security you are interested in. The closing price is usually determined at the end of the trading day, which varies depending on the market and the security being traded.
In general, to calculate the closing price of a security, you need to find the last traded price of the security for the day. This information can be obtained from various sources, such as stock exchange websites, financial news websites, or real-time data providers. Once you have this information, you can use it to calculate the closing price of the security for that particular trading day. An overview was given.
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In a progressive tax structure, the higher a taxpayer's
income, the greater percentage he or she must pay in
taxes. This chart shows a sample progressive income tax
CEPTS for a taxpayer with total taxable income of $100,000.
Income According to the chart, what would be the total
tax on taxable income of $65,000?
Answers
Answer:According to the chart, the total tax on taxable income of $65,000 would be $16,250.
Explanation:
Think of as many problems, challenges or issues that affect you, your school, or your community. Create a list of as many of these issues that come to mind. At this phase, aim for quantity over quality and let your imagination run wild! List at least 5.
Answers
Eating healthy
Need for working out
Getting more sleep
Wanting to go different places and not stay in one place for ever.
Learning new stuff
LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
Answers
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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Which is NOT a factor of production?
A)
natural resources
B)
labor
C)
capital
D)
the marketplace
Answers
Capital
Explaine
how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?
Answers
if the CEO of beautify wanted to develop a new line of skin care products specifically for people with sensitive skin, she might appoint a
Answers
Answer: companies
Explanation: because she has a beautiful work job
If the CEO of Beautify wanted to develop a new line of skincare products specifically for people with sensitive skin, she might appoint a product development team or a specialized research and development (R&D) team to oversee the process.
Appointing a product development team or an R&D team would be a suitable approach for developing skincare products tailored to individuals with sensitive skin. This team would typically consist of experts in the field, including cosmetic chemists, dermatologists, and skincare specialists. Their role would involve conducting research, analyzing market trends, formulating product ingredients, and testing the efficacy and safety of the skincare line.
By assembling a dedicated team, the CEO can ensure that the specific needs and concerns of people with sensitive skin are addressed throughout the product development lifecycle. This team would focus on creating formulations that are gentle, hypoallergenic, and free from potentially irritating ingredients. They would also conduct thorough testing to validate the effectiveness and compatibility of the products with sensitive skin.
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An investment project costs $10,000 and has annual cash flows of $2,820 for six years. a. What is the discounted payback period if the discount rate is zero percent? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the discounted payback period if the discount rate is 4 percent? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the discounted payback period if the discount rate is 19 percent? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
Answer: a). 3.55 years b). 3.90 years
c). 6 years
Explanation:a). A discount rate of 0% gives exactly the same amount when the cash flow is not discounted. For the project; cash flow of 3 years will give $2,820 × 3 =$ 8460
$10000 - $8460 = 1540
$1540/$2820 = 0.55
Therefore, discounted payback period = 3.55 years
b). At a dicount factor of 4%, the discounted cash flow will be $(2711.43 + 2607.37 + 2506.98) = $7825.78
$(10000 - 7835.78 )= 2174.22
$2174.22/$2410.54 =0.90
Therefore discounted payback period at 4% = 3.90 years
c). At a discounted rate of 19%, the cashflow per year reduces further. The discounted payback period will be 6 years. That is, $(2369.75 + 1991.38 + 1673.39 + 1406.24 + 1181.72 + 993.94) = $9615.52
Suppose the call money rate is 6.8 percent, and you pay a spread of 1.9 percent over that. You buy 600 shares at $44 per share with an initial margin of 55 percent. One year later, the stock is selling for $52 per share and you close out your position. What is your return assuming no dividends are paid
Answers
Based on the information given, it can be noted that the rate of return will be 25.94%.
How to calculate the rate of return.The initial equity will be:
= (600 × $44) × 0.55
= $14520
The amount borrowed will be:
= (600 × $44)(1 - 0.55) = $11880
The interest will be:
= $11880 × (0.680 + 0.0190)
= $1033.56
Proceed from sales will be:
= 600 × $52 = $31200.
The dollar return will be:
= $31200 - $11880 - $1033.56 - $14520
= $3766.44
Therefore, the rate of return will be:
= 3766.44 / 14520
= 25.94%
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Mrs. Slayman slays all day. She slays 17 times a second. Approximately how much Slaying does Mrs. Slayman do in a day?
Answers
Mrs. Slayman slays approximately 1,468,800 times in a day.
How to calculate much Slaying does Mrs. Slayman do in a dayIf Mrs. Slayman slays 17 times every second, then in one minute (60 seconds), she slays:
17 times/second * 60 seconds = 1020 times/minute
In one hour (60 minutes), she slays:
1020 times/minute * 60 minutes = 61,200 times/hour
And in one day (24 hours), she slays:
61,200 times/hour * 24 hours = 1,468,800 times/day
Therefore, Mrs. Slayman slays approximately 1,468,800 times in a day.
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Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $89,400 Prepaid insurance 9,000 Accounts receivable 348,200 Work in process inventory 61,100 Supplies 13,800 Materials inventory 26,800 Cash 167,500 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Diesel Additives Company Balance Sheet August 31 Current assets: IO Inventories: Total inventories Prepaid insurance Accounts receivable 9,000 348,200 Work in process inventory Supplies Materials inventory Cash 61,100 13,800 26,800 167,500 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Diesel Additives Company Balance Sheet August 31 Current assets: Inventories: Total inventories Total current assets
Answers
According o the given information, The total current assets are $751,800. Current assets are things that have their value recorded in the Current Assets account.
Current assets: Amount
Cash $167,500
Accounts Receivable $348,200
Inventories:
Finished goods $89,400
Work in process inventory $61,100
Raw material $26,800
Total inventory $177,300
Prepaid Insurance $9,000
Supplies $13,800
Total current assets $751,800
A balance sheet account called "Current Assets" displays the value of a company's assets that can be liquidated, used, or sold to generate cash within a year.Current assets are liquid assets such as cash, cash equivalents, accounts receivable, stock inventory, marketable securities, and pre-paid liabilities.The Current Assets account is significant because it shows a company's ability to meet its immediate financial obligations and short-term liquidity.Current assets are liquid assets such as cash, cash equivalents, accounts receivable, stock inventory, marketable securities, and pre-paid liabilities. Another name for current assets is current accounts.Learn more about Current Assets, here
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what are 2 different types of budgets and discuss how they complement each other?
Answers
There are two main types of budgets: operational budgets and financial budgets.
Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.
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The aging of accounts receivable for Brett Company as of December 31 of the current year and estimated percentages of uncollectible accounts by age
group are presented in the table below. Calculate the estimate of uncollectible accounts expense. The balance of Allowance for Uncollectible Accounts
on December 31, before the adjusting entry is recorded, is a $236.89 credit
Age Group
Amount
Percent Uncollectible
Current
$16,485.18
20%
1-30
12,489.05
4.0%
31-60
6,958 18
80%
61-90
4,218 21
20.0%
Over 90
3,157 10
70.0%
$43,307 72
Current Balance of Allowance for Uncollectible Accounts
Estimated Addition to Allowance for Uncollectible Accounts
Answers
Answer:
hey
Explanation:
Explain the role of corporate in economic development of country.
Answers
Answer:
Economic Development
Explanation:
Small business as well as big companies are important drivers of economic growth and prosperity because they provide vital services, goods, and tax revenues that directly benefit the health of the community. Companies also provide opportunities and jobs, boosting the socioeconomic health of the communities where they are located.
What are new guidelines issued by GAAP for consolidating entities
Answers
The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares
5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answers
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
the communication strategy to reduce resistance to change should be applied when the change must occur quickly with little financial cost. True or False
Answers
The statement the communication strategy to reduce resistance to change should be applied when the change must occur quickly with little financial cost is false because communication is the initial method for overcoming opposition to change.
You already understood that communication is essential. Try allowing your employees to start the dialogue. People want to be heard, and giving them the opportunity to do so will help reduce their unhappiness with the situation. The inability to adapt to change when it is presented is referred to as resistance to change.
Employees' unwillingness to adjust to organizational changes might be either overt or subtle. This might range from vocally voicing their opposition to unwittingly rejecting change through their language or general actions.
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