Answers
The order in which Blossom Inc. should rank the items using contribution per work hour is based on the production expenses of the three varieties of patio tables:
Product A / Product B / Product C
What order should the items be placed in?
The project that contributed the most labor hours per product should be put first, and so should the project that contributed the least.
For all items, the contribution per labor hour is: see table attached below..
According to this table, Product B ought to be placed first, followed by Product A and then Product C.
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Related Questions
why are relative prices important in the economy
Answers
Answer:
Relative-price changes, like inflation, can cause price pressure in an economy. Relative-price changes are not a monetary phenomenon. They arise in market economies as individual prices adjust to the ebb and flow of the supply and demand for various goods. Relative-price movements convey important information about the scarcity of particular goods and services. A rising relative price indicates that demand is outstripping supply (or that supply is falling behind demand), while a falling relative price denotes just the opposite. A rising relative price induces consumers to conserve on the good in question and to look for substitutes. A rising relative price also, by increasing profit opportunities, entices producers to bring more of the good in question to market.
In this way, relative-price changes—no matter how uncomfortable they are for consumers or producers—transmit vital information necessary for the efficient allocation of resources throughout any market economy. Inflation, by contrast, contributes no information useful to our consumption, production, or labor choices. If anything, inflation can temporarily distort vital relative-price signals, leading people to make unsound economic choices. It can even cause people to shift their time and resources away from activities that foster production and long-term economic growth to activities intended to protect their wealth rather than expand it.
Which of the following should be considered last when searching for financing? Question 6 options: Family members Banks Commercial finance companies Credit cards
Answers
Answer:
Credit cards
Explanation:
a machine that cost 220000 has an estimated residual value of 22000 and an estimated useful life of four years. the company uses double declining balance depreciation. calculate its book value at the end of year 3.
Answers
Answer:
the book value at the end of year 3 would be $27,500.
Explanation:
(D)
Life membership fees received by a club is
A. Revenue receipt
(B)
(C) Both (A) and (B)
(D)
Capital receipt
None of these
Answers
Answer:
(D) Capital receipt
Explanation:
The life membership fee is a one-time lump sum amount paid by a new member. It gives a member access to the club facilities for the rest of their lives. Life membership is treated as a capital receipt and added to the capital fund. It appears on the liabilities side in the balance sheet.
Life membership is not treated as income for a particular year because the one-time payments permit a member lifetime access to the club services.
Fill in the "description" column for the below table by mentioning if it is elastic, inelastic or unit
elastic.
Price
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
Quantity
20
18
16
14
12
10
8
6
Total Revenue
(Price x
Quantity)
$40
$54
$64
$70
$72
$70
$64
$54
Slope Point Elasticity Description
-2.00
$0.10
-0.20
-2.00 $0.17
-0.33
-2.00
$0.25
-0.50
-2.00
$0.36
-0.71
-2.00
$0.50
-1.00
-2.00 $0.70
-1.40
-2.00
$1.00
-2.00
-2.00
$1.50
-3.00
Answers
Answer:
Explanation:
Price Quantity Total Revenue Description
$2.0 20 $40 Elastic
$3.0 18 $54 Elastic
$4.0 16 $64 Elastic
$5.0 14 $70 Unit Elastic
$6.0 12 $72 Inelastic
$7.0 10 $70 Inelastic
$8.0 8 $64 Inelastic
$9.0 6 $54 Inelastic
The description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
What defines the elasticity of the demand?To determine whether the demand is elastic, inelastic, or unit elastic, there is need to look at the absolute value of the slope of the point elasticity.
Price Qty Total Rev Slope Point Elast. Des.
$2.0 20 $40 -2.00 Elastic
$3.0 18 $54 -0.20 Inelastic
$4.0 16 $64 -0.33 Inelastic
$5.0 14 $70 -0.50 Inelastic
$6.0 12 $72 -0.71 Inelastic
$7.0 10 $70 -1.00 Elastic
$8.0 8 $64 -1.40 Elastic
$9.0 6 $54 -2.00 Elastic
Based on the given values, it is seen that when the absolute value of the slope of the point elasticity is less than 1, it indicates inelastic demand. When it is exactly 1, it represents unit elastic demand. And when it is greater than 1, it indicates elastic demand.
Therefore, the description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
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What is the address bar in Firefox?
Answers
Answer: The Firefox address bar displays the URL web address for the page that you are visiting.
Explanation:
Answer:
The Firefox address bar displays the URL web address for the page that you are visiting.
Explanation:
give the advantages of business partnership structures
Answers
Answer:
Your welcome! Hope you have a nice wonderful day :)
Explanation:
One of the advantages of having a business partner is sharing the labor. Having a partner may not only make you more productive, but it may afford you the ease and flexibility to pursue more business opportunities. It might even eliminate the downside of opportunity costs.
I need help with the operation management assignment plz
Answers
Indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2017.
a. Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 10, 2017. Athleticus imports the pair of sneakers into the United States on May 20, 2017.
b. An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018.
c. Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 13, 2017. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2017. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.)
d. Tasty's, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 21, 2017. It sells the hamburger to a customer that same day.
e. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 5, 2017. An elementary school student buys the chocolate bar on December 24.
Answers
Answer:
Excluded
Excluded
Excluded
Included
Included
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
services not rendered to oneself
Activities not reported to the government
illegal activities
sale or purchase of used products
sale or purchase of intermediate products
Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
Athleticus shoes produced in Vietnam would not be included because it wasn't produced in the US
b. the work done by the accountant would not be included in 2017 GDP because it wasn't concluded in 2017 but in 2018
c. The corn syrup is an intermediate good and it would not be included in GDP
d. e. The hamburger and chocolate would be included in GDP as part of consumption spending
A strength of Enterprise's Generation X managers is likely to be their _____
Answers
Answer:
A strength of Generation X managers is likely to be their ability to provide feedback to employees
Explanation:
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Select the correct answer
What type of income is received through rent?
A. earned income
B. passive income
C. portfolio income
D. business income
Answers
Answer:
earned income is received through rent
Received $950 cash for services provided to a customer during July. Issued common stock for $3,000 cash. Received $800 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $425. Borrowed $6,500 from the bank by signing a promissory note. Received $1,300 cash from a customer for services to be performed next year. What was the amount of revenue for July
Answers
Answer:
$1,375
Explanation:
Calculation to determine What was the amount of revenue for July
Using this formula
July Revenue= July Cash Received for services provided+ Services provided to customer on credit
Let plug in the formula
July Revenue= $950+$425
July Revenue=$1,375
Therefore the amount of revenue for July is $1,375
what is your analysis on walmart financial health as of january 2021 compare to 2022
Answers
I think the analysis is good compared to the year of 2021
Give a minimum of three reasons why cover letters are important.
Answers
Answer:
1. Cover letters can prove that you're a serious candidate for the job.
2. It can showcase how your unique skills and experience meet the key requirements of the job description.
3. It gives more of a background knowledge of who you are.
Explanation:
Answer:
- Demonstrates professionalism and initiative
- Expands upon the main idea in the résumé
- Goes in-depth about experiences and skills
- Shows employer a glimpse of the applicant’s personality
- Opportunity to show company and industry knowledge
- Provides a sample of written communication skills
Explanation:
got it right on edg22
Understand and explain the process of idea generation and validation
Answers
Answer:
Idea generation is the creative process or procedure that a company uses in order to figure out solutions to any number of difficult challenges. It involves coming up with many ideas in a group discussion, selecting the best idea or ideas, working to create a plan to implement the idea, and then actually taking that idea and putting it into practice. The idea can be tangible, something you can touch or see, or intangible, something symbolic or cultural.
Idea validation is the process of testing and validating your idea prior to launching your business name, tagline, product, service or website. This is like the research and development process big companies use to test product ideas before they’re released to the general public.
Idea validation can involve anything from information-gathering interviews to special landing pages on the web. The entire purpose is to expose the idea to your target audience before you build and release the final product.
Jammer Company uses a weighted average perpetual inventory system that reports the following August 2 purchase 19 units at $16 per unit August 18 purchase 21 units at $15 per unit August 29 sale 38 units August 31 purchase 24 units at $19 per unit what was the per-unit value of ending inventory on August 31
Answers
Answer:
$23.19
Explanation:
The the weighted average perpetual inventory system recalculates a new unit cost whenever a new purchase is made. This unit cost is used to value cost of sales and inventory balance.
Unit Cost = Total Cost of units available for sale ÷ Total units available for sale
August 18
Unit Cost = [(19 units x $16) + (21 units x $15)] ÷ 40 units
= $15.475
August 31
Unit Cost = [(2 units x $15.475 ) + (24 units x $19)] ÷ 21 units
= $23.1880 or $23.19
therefore,
The per-unit value of ending inventory on August 31 is $23.19.
What is the term for the type of market test that involves selecting an area of the country as a representative sample of the nation's demographics to try out a new product?
Answers
Test marketing is the term for the type of market test that involves selecting an area of the country as a representative sample of the nation's demographics to try out a new product.
What is the name of market research in science?A product or marketing campaign is made restrictedly accessible to test markets before being made widely available to measure consumer response. It's crucial to keep in mind that consumers of the product or target audience for the marketing initiative could unintentionally act as test subjects.
What are some sales forecasting test marketing techniques?Test-marketing analysis is regarded by many businesses as the most accurate way to predict future sales. It entails introducing a good or service to a certain target market or demography depending on your market segmentation. Organizations can then see how the product is received by customers and how it sells.
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John is out sick today. Can you take on some of his work? Below are his activities that we need to complete today. How effective is it to submit vendor invoices only?
Answers
Submitting vendor invoices only can be effective in streamlining the accounts payable process and ensuring timely payment to vendors.
Accuracy and Accountability: By focusing on vendor invoices only, the accounts payable team can prioritize the verification and validation of invoices received from vendors. This allows for a more thorough review of the invoices, ensuring accuracy in terms of pricing, quantity, and terms. It also holds vendors accountable for delivering goods or services as per the agreed-upon terms.
Cost Efficiency: By focusing on vendor invoices, the accounts payable team can allocate their time and resources efficiently. This reduces the chances of errors and duplicate payments, leading to cost savings for the organization. It also enables the team to identify any discrepancies or discrepancies in vendor invoices promptly.
Better Vendor Relationships: Timely and accurate payment of vendor invoices improves relationships with suppliers and fosters trust. It helps maintain a positive rapport, which can lead to favorable terms, discounts, and improved service from vendors.
Process Standardization: Focusing on vendor invoices allows for standardization of accounts payable processes. It streamlines the workflow, simplifies the approval process, and ensures adherence to payment policies and procedures. Standardization improves efficiency, reduces errors, and enhances overall control over the accounts payable function.
However, it is important to note that focusing solely on vendor invoices may not capture the complete picture of accounts payable management. Other aspects such as expense reports, employee reimbursements, and other payables should still be monitored and processed accordingly.
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Wesley Company makes bowling balls and uses the total cost method in setting product prices. Its costs for producing 10,000 bowling balls follow. The company targets a 12.5% markup on total cost. The dollar markup per unit is:
Answers
The dollar markup per unit is $18.25 per unit
Total cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit + Variable selling general and administrative per unit + Fixed overhead per unit + Fixed selling general and administrative overhead per unit
Total cost per unit = $63 + $13.8 + $23 + $3.8 + ($222000/10000) + ($202000/10000)
Total cost per unit = $63 + $13.80 + $23 + $3.80 + $22.2 + $20.2
Total cost per unit = $146 per unit
Dollar markup per unit = Total cost per unit × Markup% on total cost
Dollar markup per unit = $146 * 12.5%
Dollar markup per unit = $18.25 per unit
Therefore, the dollar markup per unit is $18.25 per unit
Missing options are "Direct materials $63 Overhead $222,000 Direct labor $13.80 Selling, general, and administrative $202,000 Overhead $23.00 Selling, general, and administrative $3.80"
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On the 24th, a shooting incident occurred at a high school in St. Louis, Missouri, my country. A 19-year-old gunman opened fire on the campus, causing 2 deaths and 7 injuries, and was eventually shot dead by the police.
On October 25, St. Louis Mayor Tishaura Jones said that gun violence continues to take the lives of children and children in our country, and its severity is enough to become a "national emergency" and the government should take action. Police said at a news conference that day that the gunman was Orlando Harris, a 19-year-old male who just graduated from the high school last year.
Answers
The deaths at the high school in St. Louis, Missouri, United States show that an argument can indeed be made for tighter gun controls in the country.
Should there be tighter gun controls in the United States?The most recent tragedy that resulted from gun violence in the United States, was the killing of two people at the Central Visual and Performing Arts High School, St. Louis, Missouri, by a previous student of the school.
Over the years, there have been other instances of gun violence in American schools including the shooting at Uvalde, Texas that led to the deaths of 19 children.
The United States has the highest rates of gun ownership in the entire world as well as one of the highest rates for mass shooting. This means that there must be a correlation between the two. Nations that have tighter gun controls have lower rates of mass shooting.
There is therefore a good enough argument that the United States should introduce stricter and tighter gun controls in order to reduce the incidence of mass shootings, especially at schools.
The rest of the question is:
Does this shooting add more evidence for the argument for tighter gun control or less?
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Rita Rodriquez obtained a 24 month
Answers
Answer:
True
Explanation:
snce rita times 4 to the power of rodriquez is 24 then this is proven to be true
Fast Photo operates four film developing labs in upstate New York. The four labs are identical: They employ the same production technology, process the same mix of films, and buy raw materials from the same companies at the same prices. Wage rates are also the same at the four plants. In reviewing operating results for November, the newly hired assistant controller, Matt Paige, became quite confused over the numbers:
Plant A
Plant B
Plant C
Plant D
Number of rolls processed
50,000
55,000
60,000
65,000
Revenue ($000s)
$500
$550
$600
$650
Less:
Variable costs
(195)
(242)
(298)
(352)
Fixed costs
(300)
(300)
(300)
(300)
Profit (loss)
$ 5
$ 8
$ 2
$ (2)
Upon further study, Matt learned that each plant had fixed overhead of $300,000. Matt remembered from his managerial accounting class that as volume increases, average fixed cost per unit falls. Because Plant D had much lower average fixed costs per roll than Plants A and B, Matt expected Plant D to be more profitable than Plants A and B. But the numbers show just the opposite. Write a concise but clear memo to Matt that will resolve his confusion.
Answers
Answer:
Fast Photo
Memo to Matt:
From: Financial Controller
To: Matt Paige (Asst Controller)
Subject: Fixed Overhead and Plant D's Profit
Date: June 5, 2020
The above subject refers.
I wish to clarify the issue of fixed cost per unit. It is true that fixed cost per unit decreases with increased volume. It is also true that Plant D had much lower average fixed costs per roll $4.62 ($300,000/65,000) than Plants A's $6 ($300,000/50,000), B's $5.45 ($300,000/55,000) and even C's $5 ($300,000/60,000).
However, the issue of profit is not dependent on the fixed cost per unit alone. There are other variables. Profit is also determined by the variable cost per unit and the selling price. Since the four plants have the same selling price, we shall not consider selling price as a factor hence.
Therefore, note the variable cost per unit for each plant stated as follows: A = $3.90, B = $4.40, C= $4.97, and D = $5.42. This shows that it costs more per unit of variable cost to produce in Plant D. The difference will be explained by efficiencies in technology use, processing, quantity of materials used and wasted, and the number of labor hours spent in Plant D vis-a-vis other plants.
It is then necessary to review these variances as stated in order to explain why Plant D recorded a net loss of $2,000.
I hope that this issue has been clarified.
Regards,
FC
Explanation:
a) Operating Results for November:
Plant A Plant B Plant C Plant D
Number of rolls processed 50,000 55,000 60,000 65,000
Revenue ($000s) $500 $550 $600 $650
Less:
Variable costs (195) (242) (298) (352)
Fixed costs (300) (300) (300) (300)
Profit (loss) $ 5 $ 8 $ 2 $ (2)
b) Profit is not determined by fixed costs only. It is also influenced by the variable costs and selling price.
Average stock of raw material and raw material consumption per annum are Rs.1,24,000 and Rs.8,42,000 respectively. Consider 365days. Calculate raw material consumption period.
Answers
Answer: 54 days
Explanation:
Raw Material consumption period = Average stock of Raw Material / Average stock of Raw material Consumption per day
Average stock of Raw material Consumption per day = Raw Material consumption per Annum / 365
= 842,000/365
= Rs. 2,306.85
Raw material consumption period
= 124,000/2,306.85
= 53.75
= 54 days
An account never used in a service business is
Answers
Answer:
inventory
Explanation:
you run a nail salon. fixed monthly cost is $5,806.00 for rent and utilities, $5,924.00 is spent in salaries and $1,174.00 in insurance. also every customer requires approximately $3.00 in supplies. you charge $125.00 on average for each service. you are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,627.00, salaries to $6,295.00 and insurance to $2,022.00 per month. cost of supplies will increase to $8.00 per service. however you can now charge $146.00 per service. at what point will you be indifferent between your current location and the new location?
Answers
It makes no difference where the nail salon is located with 378 clients.
Describe insurance.Insurance is a legal agreement, evidenced by a policy, under which a policyholder receives financial security or compensation from an insurance provider against losses. The company pools the risks of its clients in order to make payments to the insured more manageable.
Calculation:
Giving the following information:
The fixed monthly cost is $5,806.00 for rent and utilities
$5,924.00 is spent on salaries.
$1,174.00 in insurance.
Every customer requires approximately $3.00 in supplies.
You charge $125.00.
New location:
Fixed costs in rent and utilities= $10,627
Salaries= $6,295.00
Insurance to $2,022.00 per month.
The cost of supplies will increase to $8.00 per service.
The selling price = $146.00 per service.
Old location gross profit equals contribution margin*Q minus fixed costs
Gross profit old location= (125-3)*Q - 12904
Gross profit at new locations is equal to contribution margin*Q minus fixed costs.
Gross profit new location= (146-8)*Q - 18944
122*Q-12904 = 138*Q - 18944
6040 = 16*Q
Q = 377.5
= 378 costumers.
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many suggest a scare item in the future will be water. If you could think of an inexpensive way to get water from places of abundance water to places where it is needed, you could become wealthy. could you freeze water and ship it by train or truck
Answers
Freezing water and shipping it by train or truck is possible but will consume a lot of energy to freeze the water and then keep it.
What is energy?Energy is the quantitative property that is displaced to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Department of Energy is a continued quantity—the law of conservation of energy.
If you could think of an inexpensive way to get water from places of abundance water to places Freezing water and shipping it by train or truck is possible but will consume a lot of energy to freeze the water and then keep it.
Therefore, water and shipping it by train or truck is possible but will consume a lot of energy to freeze the water and then keep it.
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When Irene wants to buy new laptops for her marketing executives and she has to pick them up from a single brand that is preinstalled with the marketing software that her company needs, she's making a decision under a condition of
Answers
Answer:
i do not know
Explanation:
Consider that the market demand function For IBM Computer represented as a. Calculate Price elasticity of demand when d=20,000-0.5P, Ceteris paribus the price per unit is Birt 10,000. b. It the demand for IBM Computer aces elsarric, inelastic or Unitary elastic? C. Interpret the result
Answers
A. The price elasticity of demand is PED ≈ -0.67.
B. The demand for IBM computers is inelastic because the absolute value of the price elasticity of demand (PED) is less than 1.
C. The negative value of the price elasticity of demand (-0.67) indicates an inverse relationship between price and quantity demanded.
To calculate the price elasticity of demand (PED), we need to use the formula:
PED = (% change in quantity demanded) / (% change in price)
a. Given the demand function d = 20,000 - 0.5P and the price per unit is $10,000, we can calculate the quantity demanded at this price by substituting P = $10,000 into the demand function:
d = 20,000 - 0.5 * 10,000
d = 20,000 - 5,000
d = 15,000
Now, let's consider a small change in price. Let's say the price decreases to $9,500, and the quantity demanded changes to 15,500. We can calculate the percentage changes:
% change in quantity demanded = (15,500 - 15,000) / 15,000 * 100 = 3.33%
% change in price = (9,500 - 10,000) / 10,000 * 100 = -5%
Now we can calculate the price elasticity of demand:
PED = (% change in quantity demanded) / (% change in price)
PED = 3.33% / -5%
PED ≈ -0.67
b. The demand for IBM Computer is inelastic because the absolute value of the price elasticity of demand (PED) is less than 1. In this case, the PED is approximately -0.67, indicating that a 1% change in price will lead to a smaller percentage change in quantity demanded.
c. The negative value of the price elasticity of demand (-0.67) indicates an inverse relationship between price and quantity demanded. In other words, as the price of IBM Computers increases, the quantity demanded decreases, and vice versa. However, since the demand is inelastic, the change in quantity demanded is proportionately smaller than the change in price. This suggests that consumers are not highly responsive to price changes, and IBM Computers are relatively price-insensitive.
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After reviewing the rhetorical fallacies, can you think of a specific time when you heard a speaker employ one of these fallacies? Which fallacy did they use? Why should you avoid fallacies in your own speeches?
Answers
Answer:
they can be bad because they can / will confuse people especially the public
Eastman Company had a $400 credit balance in Allowance for Doubtful Accounts at December 31, 2012, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following:_________.
Estimated Percentage uncollectible
Current Accounts $170,000 1%
1-30 days past due 15,000 3%
31-60 days past due 12,000 6%
61-90 days past due 5,000 12%
Over 90 days past due 9,000 30%
Total Accounts Receivable $211,000
Instructions:
a. Prepare the adjusting entry on December 31, 2012, to recognize bad debts expense.
b. Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $400 debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's provision for uncollectible accounts.
Answers
Answer: Please see explanation column
Explanation:
Uncollectible amount = Amount x percentage of the uncollectible amount
$170,000 x 1% ) + (15,000 x 3% ) + ( 12,000 x 6% ) + (5,000 x 12% ) + (9,000 x 30%) = 1700+450+720+600+2700= $6,170
Credit Balance from Eastman = $400
Adjustment required = $6170 - $400 (credit) = $5,770
Journal to record adjusting entry on December 31, 2012 for recognized bad debts expense.
a) Accounts Titles & Explanation Debit Credit
Bad Debt Expense $5, 770
Allowance for Doubtful Accounts $5,770
b Allowance for Doubtful Accounts account= $400 debit balance before the current year's provision for uncollectible accounts.
Adjustment required = $6170 +$400 (debit) = $6,570
Accounts Titles & Explanation Debit Credit
Bad Debt Expense $6,570
Allowance for Doubtful Accounts $6,570