George H. Ruth takes a leave of absence from his job to work full time for a charity for six months. Ruth fills the position of finance director, a position that normally pays $88,000 per year. Ruth accepts no remuneration for his work. What recording does the charity make

Answers

Answer 1

Answer: a contributed support of $44000 and a expense of $44000.

Explanation:

From the information given in the question, we are informed that Ruth fills the position of finance director, a position that normally pays $88,000 per year.

Therefore, the amount earned for six months will be:

= $88000 × ½

= $44000

Therefore, the recording of the transaction will be a contributed support of $44000 and a expense of $44000.


Related Questions

Blackwell Industries received a 120-day, 9% note for $180,000, dated August 10 from a customer on account. Assume 360-day year. Required: a. Determine the due date of the note. b. Determine the maturity value of the note. When required, round your answers to the nearest dollar. $fill in the blank abd719f5d049ff0_2 c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not requ

Answers

Answer: a. 120 days

b. $185400

Explanation:

a. The due date of the note will be:

August = 31-10 = 21 days

September = 30 days

October = 31 days

November = 30 days

December = 8 days

Total = 120 days

b. The maturity value of the note will be:

= 180000 + (180000 × 9% * 120/360)

= 180000 + (180000 × 0.09 × 0.33)

= 180000 + 5346

= 185346

= 185400 to nearest dollar

3. 8 december

Debit Cash $ 185,400

Credit Note Receivable $180,000

Credit Interest Revenue $5,400

Jagadison Co. leases computer equipment to customers under sales-type leases. The equipment has no residual value at the end of the lease and the leases do not contain purchase options. Jagadison desires a return of 11% interest on a four-year lease of equipment with a fair value of $795,564. The present value of an annuity due of $1 at 11% for four years is 3.444. What is the total amount of interest revenue that Jagadison will earn over the life of the lease?
a. 128436
b. 198891
c. 231000
d. 350048

Answers

Answer: a. $128,436

Explanation:

The lease payment will be constant and so can be considered to be an annuity.

The fair value of the lease is the present value of the annuity and because this is a lease and payments are made as soon as the asset is received, this is an annuity due.

Present value of annuity due = Annuity * Present value of annuity due interest factor, 11%, 4 years

795,564 = Annuity * 3.444

Annuity = 795,564 / 3.444

= $231,000

Interest revenue is:

= Total amount paid - Fair value

= (231,000 * 4 years) - 795,564

= $128,436

A company like Motorola might establish a goal of reducing its inventory by 50 percent over the next year. To ensure that it reaches this goal, the company could monitor its progress on a quarterly or monthly basis. If the managers at Motorola discover that there is a danger of not achieving this goal, they can take corrective action to adjust for the deficiency. This is a description of the managers' ____ function.

Answers

Answer:

stfhgocovovohdj vbb

Explanation:

sryyy

Define ethics and law and show how they are different and similar.

Answers

Answer: The law sets minimum standards of behavior while ethics set maximum standards. Laws are created and enforced by governments based on society's ethics to mediate our relationships with each other and to protect their citizens.

Define the advantages that the law affords affords to business corporations. In view of the many advantages that the law affords affords to business corporations, what additional responsibilities or obligations if any should a business corporation have to the public. If you were advising a client on picking a business form explain why a corporation would be a good choice. Also explain why a corporation would be a bad choice.

Answers

The following are the benefits that the law provides to business corporations:

Personal property protection- because the proprietors will have limited accountability for the debts of the company and commitments, lenders will not go for their property funds if the firm cannot give them the money.It is simple to obtain funds by selling stock, allowing the firm to develop by acquiring additional investors.

The following are extra responsibilities that a business entity has to the public:

The business company is required to practise Corporate Responsibility, often referred as CSR, which is defined as the public's legal, moral, or political demand of a corporate enterprise. This indicates that the organisation will engage in certain ethical, moral, and charitable actions to assist better the lives of the people in the communities where they operate.

This can take the shape of building roads, clinics, schools, bridges, planting trees, or any other operation that benefits society but does not generate a return for the business.

Learn more:

https://brainly.com/question/19793205?referrer=searchResults

McGill and Smyth have capital balances on January 1 of $42,000 and $38,000, respectively. The partnership income-sharing agreement provides for (1) annual salaries of $16,000 for McGill and $10,000 for Smyth, (2) interest at 11% on beginning capital balances, and (3) remaining income or loss to be shared 70% by McGill and 30% by Smyth.
(a) Prepare a schedule showing the distribution of net income assuming net income is (1)$50,000 and (2) $ 36,000.
(b) Journalize the allocation of net income in each of the situation above .

Answers

Answer:

McGill and Smyth Partnership

a - 1) Allocation of Net Income of $50,000

                                               McGill       Smyth      Total

Capital balances, Jan. 1      $42,000    $38,000  $80,000

Income-sharing:                                                   $50,000

Annual salaries                   $18,000     $10,000 ($28,000)

Interest on capital balances  4,620          4,180      (8,800)

Remaining income/loss         9,240         3,960    (13,200)

Total appropriations          $31,860       $18,140  $50,000

Capital balances, Dec. 31 $73,860      $56,140 $130,000

a -2) Allocation of net income of $36,000:

                                               McGill       Smyth      Total

Capital balances, Jan. 1      $42,000    $38,000  $80,000

Income-sharing:                                                     $36,000

Annual salaries                   $18,000     $10,000 ($28,000)

Interest on capital balances  4,620          4,180      (8,800)

Remaining income/loss           (560)          (240)         800

Total appropriations         $22,060      $13,940  $36,000

Capital balances, Dec. 31 $64,060      $51,940 $116,000

b -1) Allocation of net income  of $50,000:

Debit Annual salaries $28,000

Credit Capital, McGill $18,000

Credit Capital, Smyth $10,000

To record the allocation of annual salaries to the partners.

Debit Interest on Capital $8,800

Credit Capital, McGill $4,620

Credit Capital, Smyth $4,180

To record the allocation of interest on capital.

Debit Income and Loss $13,200

Credit Capital, McGill $9,240

Credit Capital, Smyth $3,960

To record the allocation of remaining income.

b - 2) Allocation of net income  of $36,000:

Debit Annual salaries $28,000

Credit Capital, McGill $18,000

Credit Capital, Smyth $10,000

To record the allocation of annual salaries to the partners.

Debit Interest on Capital $8,800

Credit Capital, McGill $4,620

Credit Capital, Smyth $4,180

To record the allocation of interest on capital.

Debit Capital, McGill $560

Debit Capital, Smyth $240

Credit Income and Loss $800

To record the allocation of remaining income.

Explanation:

a) Data and Calculations:

                                               McGill       Smyth      Total

Capital balances, Jan. 1      $42,000    $38,000  $80,000

Income-sharing:                                                     $50,000

Annual salaries                   $18,000     $10,000 ($28,000)

Interest on capital balances  4,620          4,180      (8,800)

Remaining income/loss sharing 70%          30%

If Hawk Manufacturing incurs $600,000 during a joint manufacturing process before the split-off point, that $600,000 represents the

Answers

Answer:

Joint cost incurred in the process

Explanation:

In domain of accounting, a joint cost can be regarded as a cost that is been incurred in a joint process. Joint costs may encompass costs like direct material,overhead costs as well as direct labor that is been incurred during a joint production process.

joint production process can be regarded as one whereby one input give yields of multiple outputs. This process helps to automatically creates other types of output product when creating one type of output.

For instance, Joint cost when a Manufacturing company incurs $600,000 during a joint manufacturing process before the split-off point, that $600,000 represents the Joint cost .

Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter:
a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances:
Cash 42,000
Accounts receivable 201,600
Inventory 58,050
Buildings and equipment (net) 352,000
Accounts payable 85,725
Common stock 500,000
Retained earnings 67,925
653,650 653,650
b. Actual sales for December and budgeted sales for the next four months are as follows:
December (actual) 252,000
January 387,000
February 584,000
March 298,000
April 195,000
c. Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales.
d. The company's gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.)
e. Monthly expenses are budgeted as follows: salaries and wages, $17,000 per month; advertising, $57,000 per month; shipping, 5% of sales; other expenses, 3% of sales. Depreciation, including depreciation on new assets acquired during the quarter, will be $42,420 for the quarter.
f. Each month's ending inventory should equal 25% of the following month's cost of goods sold.
g. One-half of a month's inventory purchases is paid for in the month of purchase; the other half is paid in the following month.
h. During February, the company will purchase a new copy machine for $1,200 cash. During March, other equipment will be purchased for cash at a cost of $71,000.
i. During January, the company will declare and pay $45,000 in cash dividends.
j. Management wants to maintain a minimum cash balance of $30,000. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.
Required
Using the data above, complete the following statements and schedules for the first quarter:
1. Schedule of expeted cash collections:
Hillyard Company Schedule of Expected Cash Collections
January February March Quarter
Cash sales 77,400 77,400
Credit sales 201,600 201,600
Total collections 279,000 279,000
2-a. Merchandise purchases budget:
Hillyard Company Merchandise Purchases Budget
January February March Quarter
Budgeted cost of goods sold 232,200* 350,400
Add desired ending inventory 87,600†
Total needs 319,800 350,400
Less beginning inventory 58,050
Required purchases 261,750
*$387,000 sales x 60% cost ratio = $232,200.
†$350,400 × 25% = $87,600.
2-b. Schedule of expected cash disbursements for merchandise purchases:
Hillyard Company Schedule of Expected Cash Disbursements for Merchandise Purchases
January February March Quarter
December purchases 85,725
January purchases 130,875 130,875
February purchases
March purchases
Total cash disbursements for purchases
3. Cash budget. (Cash deficiency, repayments and interest should be indicated by a minus sign.)
Hillyard Company Cash Budget
January February March Quarter
Beginning cash balance 42,000
Add cash collections 279,000
Total cash available 321,000
Less cash disbursements:
Purchases of inventory 216,600
Selling and administrative expenses 104,960
Purchases of equipment
Cash dividends 45,000
Total cash disbursements 366,560
Excess (deficiency) of cash (45,560)
Financing:
Borrowings
Repayments
Interest
Total financing
Ending cash balance
4. Prepare an absorption costing income statement for the quarter ending March 31.
Hillyard Company Income Statement For the Quarter Ended March 31
Cost of goods sold
Selling and administrative expenses:
5. Prepare a balance sheet as of March 31.
Hillyard Company Balance Sheet March 31
Assets
Current assets:
Total current assets
Total assets
Liabilities and Stocholders' Equity
Current liabilities
Stockholders' equity
Total liabilities and stockholders' equity

Answers

Answer:

1. Schedule of Cash Collection:

Particulars: January February March Quarter

Cash Sales $77,400 $77,400 $118,200 $273,000

Credit Sales $201,600 $201,600 $472,800 $876,000

Total Collections $279,000 $279,000 $591,000 $1,149,000

Explanation:

Cash sales are 20% of total sales where as remaining 80% sales are credit sales. Cash collection schedule prepared will display the actual cash collected from sales. The sales made on credit are collected in the following month.

Conflicts of interest a. have become less frequent today. b. always involve personal financial gain. c. are morally worrisome only when the employee acts to the detriment of the company. d. occur when employees have special or private interests that are substantial enough to interfere with their job duties.

Answers

Answer:

D

Explanation:

Conflicts of interest occur when employees have special or private interests that are substantial enough to interfere with their job duties

For example, imagine that there is an analyst who works in a firm. He comes across material non public information that the value of the shares of the company is about to plummet. This analyst has shares in the company.

A conflict of interest arises, he can either trade his shares and engage in insider trading or not trade his shares so as to protect the integrity of the capital market

the ethical step is not to trade

The Weber Company purchased a mining site for $527,108 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 82,993 tons will be recovered. During the first year the company extracted 5,802 tons of ore. The depletion expense is

Answers

Answer:

$36,849.86

Explanation:

Depletion cost is used to allocate the costs of extracting natural resources.

Depletion expense = (depreciable cost / total tons that can be recovered ) x tons recovered in a given year

(527,108 / 82,993) x 5802 = $36,849.86

Lamar needs 2308 for a future project. He can invest 2000 now at an annual rate of , compounded semiannually. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project

Answers

Answer:

Find detailed explanation below

Explanation:

The required future amount of 2308 is the future value of the amount invested today, hence, using the future value formula as provided below, we can determine the length of time it takes Lamar to accumulate enough money for the project.

FV=PV*(1+r/n)^mn

FV=2308

PV=2000

r=4%(assumed in order to explain the concept of the time value of money in a clearer context)

n=2(interest is compounded semiannually, twice a year)

m=number of years it takes to accumulate enough money=unknown

2308=2000*(1+4%/2)^2*m

2308/2000=(1.02)^2*m

1.154=1.0404^m

take the log of both sides

ln(1.154)=m ln(1.0404)

m=ln(1.154)/ln(1.0404)

m=3.62 years

Budgeted overhead for Cinnabar Industries at normal capacity of 30,000 direct labor hours is $6 per hour variable and $4 per hour fixed. In May, $310,000 of overhead was incurred in working 31,500 hours when 32,000 standard hours were allowed. The overhead volume variance is Group of answer choices $10,000 favorable. $11,000 favorable. $5,000 favorable. $8,000 favorable.

Answers

Answer:

Manufacturing overhead volume variance= $5,000 favorable

Explanation:

Giving the following information:

Estimated overhead allocation rate= 4 + 6= $10 per direct labor hour

Actual number of hours= 31,500

Standard hours were allowed= 32,000

To calculate the overhead volume variance, we need to use the following formula:

Manufacturing overhead volume variance= (Estimated manufacturing overhead rate*standard allocation base) - (Estimated manufacturing overhead rate* Actual amount of allocation base)

Manufacturing overhead volume variance= (10*32,000) - (10*31,500)

Manufacturing overhead volume variance= $5,000 favorable

On January 1, 2021, Doyle Corporation had 140,000 shares of its $5 par value common stock outstanding. On December 1, when the market price of the stock was $15, the corporation declared a 40% stock dividend to be issued to stockholders of record on December 16, 2021. What was the impact of the 40% stock dividend on the balance of the retained earnings account

Answers

Answer: Retained earnings would reduce by the $840,000 dividend.

Explanation:

Stock dividends to the shareholders is to be paid from the retained earnings of the company as it represents profits that the shareholders get because they are owners in the company.

Retained earnings spent = Number of shares * Market price * Stock dividend

= 140,000 * 15 * 40%

= $840,000

Retained earnings would reduce by the $840,000 dividend.

You purchase a bond with an clean price of $1,129. The bond has a coupon rate of 10 percent, and there are 4 months to the next semiannual coupon date. What is the dirty price of the bond

Answers

Answer:

The answer is "1145.66".

Explanation:

Using formula:

[tex]\text{Dirty price = Clean price + accrued interest}\\\\[/tex]

                  [tex]= 1,129 +100\times 0.5\times \frac{2}{6} \\\\= 1,129 +50\times \frac{2}{6} \\\\= 1,129 + \frac{100}{6} \\\\= \frac{6774+100}{6} \\\\= \frac{6874}{6} \\\\=1145.66[/tex]

OR

[tex]=\$1,129+(10\% \ of\ 1000)\times \frac{2}{12}\\\\=\$1,129+(\frac{10}{100} \times \ 1000)\times \frac{2}{12}\\\\=\$1,129+(100)\times \frac{2}{12}\\\\=\$1,129+ \frac{200}{12}\\\\=\$1,129+ 16.666667\\\\=\$1,145.666667\\\\[/tex]

A company paid $0.85 in cash dividends per share. Its earnings per share is $3.50, and its market price per share is $35.50. Its dividend yield equals:___.
a. 2.0%.
b. 2.4%.
c. 9,9%.
d. 21.4%.
e. 24.2%.

Answers

Answer:

B

Explanation:

A fixed asset with a cost of $41,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at $60,000. Assuming a trade-in allowance of $3,000, the recognized loss on the trade is

Answers

Answer:

1,500

Explanation:

The fixed assets cost is $41,000

The accumulated depreciationn is $36,500

Similar assets was priced at $36,000

Trade in allowance is $3000

Therefore the recognised law on trade can be calculated as follows

41,000-36,500-3,000

= 1,500

R&D Technology Corporation just paid a dividend of $0.50 per share. Analysts expect its dividend to grow at 24 percent per year for the next two years and then 8 percent per year thereafter. If the required rate of return in the stock is 16 percent, calculate the current value of the stock.

Answers

Answer:

$8.82

Explanation:

The computation of the current value of the stock is given below:

Given that

The dividend per share is $0.50

The growth rate is 24% for the next two years

And, then it should be 8 % per year

And, the required rate of return is 16%

Now based on the above information, the current value of the stock is $8.82

The calculation is to be shown in the attachment

Which of the following are required for a capacity calculation (choose all that apply)?

a. Time between process starts.
b. Time between process completions.
c. Total Time spent in the process
d. Length of the time horizon in question

Answers

Answer:

• time between process starts.

• time between process completions

• length of the time horizon in question

Explanation:

Capacity utilisation refers to the measure of the extent of the usage of the productive capacity of a business. It is the percentage of total capacity which is being achieved in a particular period.

Based on the options given, the ones required for capacity utilization include the time between process starts, the time between process completions and the length of the time horizon in question.

A company purchased a computer system at a cost of $26,000. The estimated useful life is 8 years, and the estimated residual value is $4,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year

Answers

Answer:

the depreciation expense for the second year is $4,875

Explanation:

The calculation of the depreciation expense for the second year is given below:

First the depreciation rate should be

= 1 ÷ 8 × 2

= 25%

Now the first year depreciation is

= $26,000 × 25%

= $6,500

Now the second year depreciation should be

= ($26,000 - $6,500) × 2

= $4,875

Hence, the depreciation expense for the second year is $4,875

TRUE OR FALSE?WHY?
The goods that the enterprise wants or intends to add to its capital stock are inventories.

Answers

Answer:

True

Explanation:

Because for their profit

Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted the following sales:

Quarter 1 $4,600,000
Quarter 2 5,100,000
Quarter 3 5,000,000
Quarter 4 7,600,000

In Shalimar's experience, 10 percent of sales are paid in cash. Of the sales on account, 65 percent are collected in the quarter of sale, 25 percent are collected in the quarter following the sale, and 7 percent are collected in the second quarter after the sale. The remaining 3 percent are never collected. Total sales for the third quarter of the current year are $4,900,000 and for the fourth quarter of the current year are $6,850,000.

Required:
Calculate cash sales and credit sales expected in the last two quarters of the current year, and in each quarter of next year.

Answers

Answer:

Shalimar Company

Cash Sales and Credit Sales:

a) Last two quarters of the current year:

Current Year       Quarter 3       Quarter 4

Budgeted Sales $4,900,000   $6,850,000

Cash (10%)              490,000        685,000

Credit (90%)        4,410,000      6,165,000

b) Each quarter of the next year:

                       Quarter 1    Quarter 2     Quarter 3     Quarter 4

Budgeted

Sales           $4,600,000 $5,100,000  $5,000,000  $7,600,000

Cash (10%)       460,000      510,000       500,000        760,000

Credit

Sales (90%)  4,140,000  4,590,000    4,500,000    6,840,000

Explanation:

a) Data and Calculations:

                       Quarter 1    Quarter 2     Quarter 3     Quarter 4

Budgeted

Sales           $4,600,000 $5,100,000  $5,000,000  $7,600,000

Cash (10%)        460,000      510,000        500,000       760,000

Credit

Sales (90%)   4,140,000  4,590,000     4,500,000    6,840,000

Current Year       Quarter 3       Quarter 4

Budgeted Sales $4,900,000   $6,850,000

Cash (10%)              490,000         685,000

Credit (90%)         4,410,000       6,165,000

The following monthly data are available for Waterway Industries. which produces only one product: Selling price per unit, $54; Unit variable expenses, $14; Total fixed expenses, $42000; Actual sales for the month of June, 2000 units. How much is the margin of safety for the company for June

Answers

Answer:

Margin of safety= 950 units

Explanation:

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 42,000 / (54 - 14)

Break-even point in units= 1,050

Now, the margin of safety in units:

Margin of safety= (current sales level - break-even point)

Margin of safety= 2,000 - 1,050

Margin of safety= 950 units

Flanders Company purchased an asset on January 1, 2021 for $60,000. The asset has an estimated salvage value of $3,000. Its estimated useful life is 8 years. What is the balance in accumulated depreciation using the straight-line method at December 31, 2022?

Answers

Answer:

$14,250

Explanation:

Annual depreciation = (Cost - Salvage value) / Useful Life

Annual depreciation = ($60,000 - $3,000) / 8

Annual depreciation = $57,000 / 8

Annual depreciation = $7,125

Accumulated dep. at December 31, 2022 = $7,125 * 2

Accumulated dep. at December 31, 2022 = $14,250

So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.

For a company with significant uncollectible receivables, the direct write-off method is unsuitable because ________. it overstates liabilities on the balance sheet it violates the matching principle it uses estimates for determining the bad debt expenses it is not allowed for tax reasons

Answers

Answer:

. it violates the matching principle

Explanation:

The direct write-off method can be regarded as accounting method whereby uncollectible accounts receivable are been written off as a bad debt.This method can be regarded as one involving the charging of bad debts to expense in a case whereby

individual invoices is been identified in that instance as uncollectible.

Matching principle imcan be regarded as accounting principle which states that expenses that is been incurred during a period needed to be recorded at this same particular period that related revenues are been earned. It is principle that stressed that expenses must be invited by businesses to earn revenues.

It should be noted that For a company with significant uncollectible receivables, the direct write-off method is unsuitable because it violates the matching principle .

Identify the following as a fixed asset (FA), or intangible asset (IA), natural resource (NR), or none of these (N). a. Computer b. Patent c. Oil reserve d. Goodwill e. U. S. Treasury note f. Land used for employee parking g. Gold mine

Answers

Answer:

a. Computer - fixed asset

b. Patent - intangible asset

c. Oil reserve - natural resource

d. Goodwill - intangible asset

e. U. S. Treasury note - none of these (N)

f. Land used for employee parking - fixed asset

g. Gold mine - natural resource

Explanation:

Intangible assets are the assets of a company that cannot be seen or they are not physical in nature. They are usually difficult to evaluate. They include:

Goodwill Patent Trademarkscopyrights

a fixed asset is a long term tangible piece of property or equipment that a company has and uses it to generate income. they include plant, property and equipment.

A natural resource is a substance that occurs in nature that can be used to generate economic profit.

_______________ tasks are non-repetitive in nature and involve considerable
application of knowledge, judgment, and expertise. As such, the teams draw their members from different disciplines and functional units, so that specialized expertise can be applied to the task(s) at hand.
1) Project teams
2) Management teams
3) Parallel teams
4) None of these make sense to me.
5) Work teams

Answers

Answer:

1) Project teams

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Project teams comprises individuals or group of people that come together as a unit to take on a one-time and non-repetitive tasks that are generally considered to be often complex and as such would require input from members with different types of training, skills, knowledge competence and expertise.

This ultimately implies that, project teams tasks are non-repetitive in nature and involve considerable application of knowledge, skills, competence, judgment, and expertise.

Daley Company uses the allowance method. At December 31, 2015, the company's balance sheet reports Accounts receivable, Net in the amount of $17,000. On January 2, 2016, Daley writes off a $1,500 customer account balance when it becomes clear that the customer will never pay. What is the amount of accounts receivable, net after the write-off?
a. $1,500
b. $15,500
c. $18,500
d. $17,000

Answers

Answer:

d. $17,000

Explanation:

The computation of the amount of accounts receivable, net after the write-off is given below:

Since the company followed the allowance method, so at the time of written off the customer account balance both the allowance and gross account receivable should be reduced and both the account balance and the net account receivable should be the same when the write off has been done

So, it is $17,000

Which of the following may not be a factory overhead cost? a.insurance on factory equipment b.property tax on factory building c.materials used directly in the manufacturing process of the product d.salaries of production supervisors

Answers

Answer:

c.materials used directly in the manufacturing process of the product

Explanation:

Factory cost or production cost are usually classified as direct or indirect.

Direct cost are those costs incurred that are directly linked to production.

This includes direct labour, direct material, etc. Indirect costs are also referred to as overheads.

These are cost incurred that may not be linked directly to the production of goods and services. Examples include salaries of production supervisors, insurance on factory equipment etc,

As capital investments flow from high wage Core countries to low wage Periphery regions, _______________________ shifts take place in both (hint: the narrative is that this is MOBILE)

Answers

Answer: Labor

Explanation:

As a result of capital investments flowing, the labor in both the high wage countries and the low wage peripheral regions will shift due to interactions between the two labor systems.

The lower wage peripheral regions for instance, will see a rise in wages paid to their workers on account of the higher capital investment and people from these areas will move to the higher wage countries where they will be paid less which would reduce the wages paid in these higher wage countries.

________ refers to a method of matching a single project of a company to another company with a single business focus in an effort to assign an appropriate level of risk to the project. A. Outside assignment B. Ghosting C. Subjective assignment D. Pure play

Answers

The method that should be matched the individual project of a company to the other company having an individual business focus for allocating a risk level is pure-play.

The information related to the pure-play is as follows:

It is to be focused on one business line only.It is distinct from the expanded companies where there are diversify product lines and revenue sources. It determined the beta coefficient because it compared to the other project as an individual business focus.

So it cannot be as the outside assignment, ghosting, and subjective assignment.

Therefore we can conclude that the method that should be matched the individual project of a company to the other company having an individual business focus for allocating a risk level is a pure-play.

Learn more about the level of risk here: brainly.com/question/10820234

Other Questions
If the central bank did not follow the Taylor principle, an increase in inflation would lead to a decrease in ________. A) the nominal interest B) the real interest rate C) aggregate output D) all of the above In a sports club of 150 members, 88 play golf, 63 play bowls, and 45 play golf and bowls. Find the probability that: a) a member plays golf only. b) a member doesn't play golf or bowls.pls explain too if u could. thanks! A researcher collects demographic data on the marital status of the study subjects. The variable is measured as married/divorced/separated/widowed/never married/cohabitating. What would be the most appropriate measure of central tendency What is the division? 9890 LISTENING Part 1 : For questions 1-5, put a tick under the right answer. 0. How many people were at the meeting? A. 3 B. 13 C. 30 1. What's George doing now? A. Studying B. Playing volleyball C. Driving 2. Which room will the woman stay in? A. 6 B. 23 C. 43 3. What will the boy wear in the race? A. Short running trousers B. Short running trouser with hat C. Long running trouser. 4. What colour will the room be ? A. Yellow B. Green C. Orange 5. Where did Minnie and Richard first meet ? A. At school B. At the stadium C. Next door to Richard's house (solving rate problems). Michelle cancomplete alandscaping job in 6days and Daniellecan complete thesame job in 4 days.Working together, inhow many dayscould they completethe job The function m is given in three equivalent forms.Which form most quickly reveals the zeros (or "roots") of the function?Choose 1 answer:m(x) = 2(x +4)^2 8m(x)= 2x^2 + 16x + 24m(x)=2(x+6)(x+2)Write one of the zeros A chef cooked 7kg of mashed potatoes for a banquet. If guests only ate 3/4 of the amount he cooked, how much of the potatoes were eaten? The ( develop) ..... in technology allow astronomers to know more about outer space A 70.0g piece of metal at 80.0 C is placed in 100 g of water at 22.0 C contained in a calorimeter. The metal and water come to the same temperature at 24.6 C. How much heat did the metal give up to the water? which of the following would not regulate genes in a eukaryote What thoughts I have of you tonight, Walt Whitman, for I walked down the sidestreets under the trees with a headache self- conscious looking at the full moon. In my hungry fatigue, and shopping for images, I went into the neon fruit supermarket, dreaming of your enumerations! A Supermarket in California, Allen Ginsberg How does the long-line free verse used by both Whitman and Ginsberg reflect their rebellious attitudes? Determine which equations have the same solution set as 2/3 -x +1/6 = 6x by recognizing properties, rather than solving. Check all that apply. Sophie va en ville seule. (2 points) Cells control or regulate the flux through metabolic pathways by means of I. allosteric control of enzymes. II. covalent modification of enzymes. III. genetic control of the concentrations of enzymes. IV. genetic expression of allosteric regulators. HELP PLS IM FAILING PYTHAGOREAN THEOREM Jenny has borrowed K2500from a bank at 9.25% p.a. invested for 185 days. How much will she pay back to the bank? Jim removed 27 gallons of water from a rainwater storage tank. There are 59 gallons left in the tank. What equation can Jim use to find how much water was in the tank earlier? Use x to represent the amount of water originally in the tank. Re-write the sentences (making them grammatically correct) adding an indirect object pronoun before the conjugated verb or attaching them to the infinitive to represent the underlined indirect object1. Yo doy el libro a Ana.2. Nosotros vamos a recomendar el restaurante a nuestra familia.3. Yo digo las noticias a ella. October 15, 2010To:Accommodation ManagerGrand Prince Hotel1629 Byers LaneRedding, CA 96001Dear sir,RE: Reservation of roomI would like to make a reservation of a deluxe room with a double bed in your hotel, Grand Prince, for the dates November 28-30, 2010.This reservation is to be under my name; I shall be arriving with my family, comprising my husband, Mr.James and my child under 10 years old. I would also like to reserve an extra bed for my child. We shall be arriving on November 28 at 2p.m. We hope that the room will be available for us then.Settlement of payment shall be made in full upon our arrival.Please respond with a confirmation on my reservation. Please feel free to contact me soonest possible for any clarifications.Thank you.Yours sincerely,Amanda Jacobs1. What kind of room does the woman want to book?2. How many people does the woman make a reservation for?3. What date will the woman check-in at the hotel?4. What does she request for her kid?5. How long will the guest stay at the hotel?