Wheeling Inc. uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $5,900. At the end of the year, the balance of Accounts Receivable is $109,000 and the unadjusted debit balance of the Allowance for Doubtful Accounts is $680. Credit sales during the year totaled $168,000. What is the estimated Bad Debt Expense for the current year

Answers

Answer 1
Answer:

Answer:

$5,220

Explanation:

Given that

Estimated from ageing analysis = $5,900

Unadjusted debit balance of the Allowance for Doubtful Accounts = $680

The calculation of Bad Debt Expense is given below:-

The estimated Bad Debt Expense for the current year = Estimated from ageing analysis - Unadjusted debit balance of the Allowance for Doubtful Accounts

= $5,900 - $680

= $5,220

Therefore for computing the bad debt expenses for the current year we simply applied the above formula.


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If a person works on a ship for a cruise line headquartered in the country where he was born and resides, then he is a Answers: A. PCN B. HCN C. TCN D. not enough information
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Wolverine Company financial statements included the effects of these errors: Reported Net Income for Year 1 was $20,000. Reported Net Income for Year 2 was $18,000. Indicate the error in 12/31/2 Retained Earnings:

Briana was employed as a flight attendant by Tropical Coast Airlines. She was the only black female flight attendant on the airplane she was assigned to. At her job, Briana was frequently subjected to racial slurs, misbehavior, and threats from her co-workers. One co-worker even told their supervisor that the airline’s customers would not want to take orders from a black girl in the case of an in-flight emergency. Unable to tolerate the hostile environment, Briana quit her job. Which of the following holds true in this scenario? A) Briana has a cause of action for racial harassment under 42 U.S.C. section 1983.
B) Briana does not have a cause of action for racial harassment, as she resigned at her own will.
C) Briana has a cause of action for racial harassment under Title VII of the Civil Rights Act of 1964, as there is evidence that she was harassed.
D) Briana does not have a cause of action for racial harassment, as the actions of her co-workers were not pervasive or severe.

Answers

Answer:

C) Briana has a cause of action for racial harassment under Title VII of the Civil Rights Act of 1964, as there is evidence that she was harassed.

Explanation:

It is noteworthy that under the Civil Rights Act of 1964 it directly prohibits discrimination in public places. Thus, we could rightly say that Briana's frequent subjection to racial slurs, misbehavior, and threats from her co-workers constitutes "discrimination in public places".

Hence, she has enough evidence to take legal action against Tropical Coast Airlines.

A machine does three setups per production cycle. Each setup takes 20 minutes. The processing time is 0.5 minute. What batch size achieves a capacity of 24 units per hour

Answers

Answer: A batch size of 30units

Explanation:

The set up time is given as 20 Minutes per production cycle, Production cycle  for the machine has 3 cycles

Therefore  the set uo time for the cycles = 20 mins x 3= 60 minutes

Processing time = 0.5 minutes

Capacity = 24units per hour , changing to minutes we have

24 units / 60 minutes = 6/ 15 = 2/5 = 0.4 minutes

Capacity = Batch size / Set up time + batch size x processing  time per unit

0.4 = B/ 60 + B X 0.5

0.4 = B/60 + 0.5B

0.4( 60 + 0.5B) = B

24 + 0.2B=B

24=B-0.2B

0.8B=24

B =24/0.8

Batch size = 30  can be achieve at a capacity of 24 units per hour.

Why don't consumers tend to get upset about tariffs?

Answers

Answer:

Tariffs are bans or taxes on stuff that gets imported and exported in and out of countries. This doesn't really affect consumers because they buy stuff and don't tend to notice. This does affect producers because they need supply to fill in the demand.

Note:

Hope this helps! Good Luck (^-^)

-kiniwih426

Answer:

Tariffs hurt consumers because it increases the price of imported goods. Because an importer has to pay a tax in the form of tariffs on the goods they are importing, they pass this increased cost onto consumers in the form of higher prices.

Explanation:

i dont know if this helps

Pearl Industries Inc. acquired land, buildings, and equipment from a bankrupt company, Torres Co., for a lump-sum price of $784,000. At the time of purchase, Torres’s assets had the following book and appraisal values. Book Values Appraisal Values Land $224,000 $168,000 Buildings 280,000 392,000 Equipment 336,000 336,000

Answers

Answer:

$262500

Explanation:

Please see attachment .

This information relates to Pickert Real Estate Agency.Oct. 1 Stockholders invested $30,000 in exchange for common stock of the corporation.
Oct. 2 Hires an administrative assistant at an annual salary of $42,000.
Oct. 3 Buys office furniture for $4,600, on account.
Oct. 6 Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800 (not paid by Petty at this time).
Oct. 10 Receives cash of $140 as commission for acting as rental agent renting an apartment.
Oct. 27 Pays $700 on account for the office furniture purchased on October 3.
Oct. 30 Pays the administrative assistant $3,500 in salary for October.

Prepare the debit-credit analysis for each transaction. (If there is no transaction, then enter no effect for the account and 0 for the amount.)

Answers

Answer:

Cash 30,000 debit (+A)

  Comon Stock 30,000 Credit (+SE)

furtniture 4,600 debit (+A)

   accounts payable 4,600 (+L)

accounts receivables 10,800 debit (+A)

     commisions revenue    10,800 (+R)

cash      140 debit (+A)

     commisions revenue   140 (+R)

Accounts payable 700 debit (-L)

                cash            700 credit (-A)

salaries expense  3,500 debit (+E)

              cash                   3,500 credit (+A)

Explanation:

Assets (A) and Expenses (E) will icnrease form debit and decrease from credit

Liabilities (L) Revenues (R) and Stochholder equity (SE) will icnrease from credit and decrease from debit

The journal entries must be done considering the rule debit = credit all the times

Given the following data, calculate the Total Variable Cost variance. Planning Budget Actual Results Revenue $73,000 $75,000 Variable costs $23,000 $20,000 Contribution margin $50,000 $55,000 Fixed costs $15,000 $10,000 Profit before taxes $35,000 $45,000 a. $3,000 Favorable b. $3,000 Unfavorable c. $5,000 Favorable d. $5,000 Unfavorable e. $2,000 Unfavorable f. $2,000 Favorable

Answers

Answer:

a. $3,000 Favorable

Explanation:

Variable cost variance is the difference between the budgeted variable cost and actual variable cost for a period.

Use following formula to claculate the variable cost variance

Variable cost variance = Budgeted Variable cost - Actual variable cost

Placing values in the formula

Variable cost variance = Budgeted Variable cost - Actual variable cost

Variable cost variance = $23,000 - $20,000

Variable cost variance = $3,000

As the actual cost is less than the budgeted cost, so the $3,000 is saved in respect of variable cost.

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