Answer:
Planned orders for 70,000 boxes of Blueberry Muesli.
Explanation:
When a company implements planned replenishment of a particular inventory, once the inventory depleted to a particular level, the company will request for more supply of the inventory.
This strategy helps the company not to run out of inventory required to run their business. For example a business can decide that when stocks reduce to 20% they will replenish back to 100%.
In this case the replenishment should bring stock back to 100,000, and stock is at 30,000.
So the required stock to return it to 100,000 is 100,000- 30,000= 70,000 units.
Answer:
1. Age group = A
Amount of Accounts Receivable = B
Estimated % uncollectible = C
Estimated Amount Uncollectible = D
A B C D(B*C)
Not yet due $270,000 5% $13,500
1-45 days $37,500 10% $3,750
Over 45 days $15,000 15% $2,250
Estimated amount required in Allowance $19,500
for Doubtful Debts (Credit Balance)
Current Balance in Allowance for $67,500
Doubtful Debts (Debit Balance)
Required charge to Bad debts Expense $87,000
for the year
Thus, the Estimated 12/31/2021 balance for Dhaliwal’s allowance for uncollectible accounts (Credit Balance).
2. Journal Entry
Date Accounts and Explanation Debit Credit
Dec. 31 Bad debts Expense $87,000
Allowance for doubtful accounts $87,000
(To record the estimated bad debts)
Explanation:
Businesses may choose to offer creditor insurance as a way to protect their customers' debt obligations in the event of death or disability. This type of insurance is typically offered by financial institutions and covers the outstanding balance of a loan or credit card. It can provide peace of mind for both the borrower and the lender, ensuring that the debt is paid off even if the borrower is unable to make payments.
On the other hand, personally owned term insurance is a type of life insurance that is purchased by an individual and provides coverage for a specified period of time (the term). Unlike creditor insurance, personally owned term insurance can be used to cover a variety of expenses, including mortgage payments, education expenses, and living expenses for dependents. The policyholder has more control over the coverage amount and beneficiaries, and the policy can be renewed or converted to a permanent policy at the end of the term.
Overall, creditor insurance and personally owned term insurance serve different purposes and may be appropriate for different individuals depending on their needs and financial situation.
b. payment, investment, terms, insurance
c. payment, interest, terms, income
d. principal, interest, taxes, insurance
Answer:
D. principal, interest, taxes, insurance.
Explanation:
Took test on Edge - Sarah Robinsen <3
B.marginal benefit
C.opportunity cost
D.marginal cost
Opportunity cost represents the value of the second-best alternative that a person gives up when making a choice. Correct answer: C
Opportunity cost is the value of something that is given up to get something else that is wanted and is expressed as the value of the next best alternative to the choice made.
-Jamir makes a $1,000 deposit and then withdraws it one week later.
-Isabella splits her $5,000 deposit between two different banks.
-A bank manager trades old, worn $20 bills for new currency issued by the Federal Reserve.
The scenario that best described fractional reserve banking is Maria makes a deposit of $20,000, and the bank loans $18,000 to Mark so he can buy a car.
Fractional banking is a form of banking where a portionof customer's deposits is kept with the Central Bank as reserves. The excess of deposits over reserves can be given out as loans.
To learn more about fractional banking, please check: brainly.com/question/12417681
They provide investment diversification
They use an investment manager
None of the above