Business, 15.11.2019 02:31 wdymRachel4943
The following transactions were completed by wild trout gallery during the current fiscal year ended december 31: jan. 19. reinstated the account of arlene gurley, which had been written off in the preceding year as uncollectible. journalize the receipt of $1,645 cash in full payment of arleneās account. apr. 3. wrote off the $9,430 balance owed by premier gs co., which is bankrupt. july 16. received 45% of the $16,900 balance owed by hayden co., a bankrupt business, and wrote off the remainder as uncollectible. nov. 23. reinstated the account of harry carr, which had been written off two years earlier as uncollectible. recorded the receipt of $2,680 cash in full payment. dec. 31. wrote off the following accounts as uncollectible (compound entry): cavey co., $7,090 ; fogle co., $2,105 ; lake furniture, $ 5,410 ; melinda shryer, $1,530. dec. 31. based on an analysis of the $832,600 of accounts receivable, it was estimated that $36,200 will be uncollectible. journalize the adjusting entry.
Answers: 3
Business, 21.06.2019 21:40
Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
Business, 22.06.2019 10:20
What two things do you consider when evaluating the time value of money
Answers: 1
Business, 22.06.2019 17:40
Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croyās finished goods inventory policy is to have 60 percent of the next monthās sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next monthās production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)
Answers: 3
Business, 22.06.2019 21:10
Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.
Answers: 3
The following transactions were completed by wild trout gallery during the current fiscal year ended...
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