Business, 21.03.2020 07:14 dtaylor7755
The following information relates to the manufacturing operations of the JNR Printing Company for the year:
Beginning Ending
Raw materials inventory $ 57,000 $ 60,000
Finished goods 68,000 60,000
The raw materials used in manufacturing during the year totaled $118,000.
Raw materials purchased during the year amount to:
A) $126,000. B) $107,000. C) $118,000. D) $115,000. E) $121,000.
Answers: 3
Business, 22.06.2019 22:40
Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?
Answers: 1
Business, 23.06.2019 14:20
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Business, 23.06.2019 23:00
Bella can produce either a combination of 60 silk roses and 80 silk leaves or a combination of 70 silk roses and 55 silk leaves. if she now produces 60 silk roses and 80 silk leaves, what is the opportunity cost of producing an additional 10 silk roses?
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Business, 24.06.2019 00:30
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The following information relates to the manufacturing operations of the JNR Printing Company for th...
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