Answer:
The total estimated uncollectible debt is $6000 as computed below
Explanation:
The total estimated uncollectible debt is computed as follows:
Accounts not yet due $25000*4% $1000
Accounts 1-60 days past due $10000*25% $2500
Accounts more than 60 days $5000*50% <u>$2500</u>
Total estimated uncollectible debt <u> $6000</u>
The necessary journal entry to record this estimate is shown below:
Dr bad debt expense $5000
Cr Allowance for uncollectible debt $5000
Even though $6000 is the estimated uncollectible, the implication is that the closing balance in allowance for uncollebtible debt should be $6000,since there is a credit of $1000 already in the account, the balance required to top it up to $6000 is $5000
Explanation:
To find :
Filter the data in order such that only rows where the sum of the type is food and the sum of the amount is greater than 20 are displayed. The selection of requirements has been set for you in cells a1:c2.
Now,
You clicked the Advanced button on the Data Ribbon Tab in the Sort & Filter Ribbon Section.
You tapped on cell A1.
You pressed the OK button in the Advanced Filter window.
Answer:
An increase in the demand for leather will most likely cause an increase in the demand for beef in the short run.
Explanation:
We can establish from the question that the two products are jointly produced. The two products are simply - Leather and Beef.
There's thus a direct relationship between the production of one and the other. That is, an increase in the production of leather causes an equal increase in the production of beef.
Having considered that, it is important to underscore the general human behaviors to issues on Demand. A rational individual will buy more of a product if the price is low. The more the demand, the more the increase in production.
For leather and beef, there is a critical factor that necessitate there joint production. This is that the byproducts from the production of one, say, Beef, will form an input in the production of the other. This relationship further lends credence to our foregoing assertion that the both products share direct relationship. Using the byproducts obtained from the production of one as an input will not increase the economies of scale of the other, it'll lead to an equal increase in the production levels.
Thus, an increase in the demand for leather signals an increase in the production of leather. Hence, with increase in production of leather, there's an equal increase in the production of beef with direct consequence on product demand, while taking advantage of the economies of scale derived from, and the competitive pricing.
Answer:
Rachel has displayed the explicit concept of CSR
Explanation:
The corporate sector has a duty towards its very own business, investors as well as towards the society. Subsequently, every corporate unit must have a duty regarding the upliftment of society which is comprehensively considered as Corporate Social Responsibility (CSR).
The social duty of a business demonstrates standards and commitments by the corporate leadership to take proper activities which can ensure and improve the welfare of society alongside securing business interest.
Corporate social responsibility has been accepted more and more in the recent past. This is because the actions of the corporate sector most of the time cause negative effects to the society, therefor taking up this responsibility towards the society aims at giving back to the society while at the same time achieving their business goals.
The CSR can be divided two two main concepts; implicit and explicit Corporate social responsibility (CSR). Explicit CSR alludes to corporate rules and arrangements that accept and accountability in the interest of society. They regularly comprise of deliberate projects by companies to combine social and business worth and address issues viewed as being part of their social obligation. An example is a move by various corporations to provide relief aid to the victims of hurricane Katrina in 2005. On the other hand, implicit CSR refers to the role of corporations in the formal and informal institution for the benefit of the society. It usually comprises of qualities, standards and rules which bring about obligatory and standard prerequisites that need to be addressed by the organizations.
A major key difference between implicit and explicit CSR is that implicit CSR is usually thought of as a mandatory and involuntary exercise as a reaction to it's environment, while explicit CSR is often seen as a deliberate and voluntary exercise. In our case, Rachel displayed the explicit concept of CSR since the intent was deliberate and voluntary towards the benefit of the society while at the same time improving the image of the company in the mind of the loyal customers.
The final cost of Dreamworld's warehouse is $1554000
Explanation:
Expenditure Time period Average expenditure
January 1,2021 300000 12/12 300000
September 1,2021 450000 4/12 150000
December 31,2021 450000 0/12 0
Total 1200000 450000
Interest capitalized for 2021 54000 = 450000 into 12%
Total expenditure till Jan 1, 2022 1254000 = 1200000 + 54000
Expenditure Time period Average expenditure
Total expenditure
till Jan 1,2022 1254000 9/9 1254000
March 31,2022 450000 6/9 300000
September 30,2022 300000 0/9 0
Total 1554000
Therefore, the Option B $1,554,000 is correct final cost of Dreamworld's warehouse.
