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2 years ago

At the end of the prior year, Durney's Outdoor Outfitters reported the following information.

Business

1 answer:

Vaselesa [24]2 years ago

5 0

Answer:

Please find the detailed answer and explanation below.

Explanation:

Accounts Receivables

Particulars Amount($) Particulars Amount($)

Beginning Bal. 48,271 Collections on accounts 290,700

Sales on account 306,548 Bad debts written off 7,054

Balance c/d 57,065

Total 354,819 354,819

Ending Balance 57,065

Allowance for Doubtful accounts

Particulars Amount($) Particular Amount($)

Bad debt written off 7,054 Beginning Balance 8,469

Balance c/d 6,185 Bad debt expense 4,770

Total 13,239 13,239

Ending Balance 6,185

Durney's Outdoor Outfitters

Income Statement (Partial)

For the year ended December 31

Operating Expense:

Bad debt Expense $4,770

Durney's Outdoor Outfitters

Balance Sheet (Partial)

For the year ended December 31

Current asset:

Accounts receivable $57,065

Allowance for Doubtful Accounts ($6,185)

Accounts receivables(Net) $50,880

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Answer:

Contingency viewpoint or approach of management

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2 years ago

During the ____ phase of team implementation, managers have withdrawn from the daily operations and are counseling teams. Group

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During the self-managing teams phase of team implementation, managers have withdrawn from the daily operations and are counseling teams.

Option: D

Explanation:

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2 years ago

2. Risks ____ should be given higher priority because if the risk occurs, it would have a greater impact on the schedule than if

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Answer:

Risk on the critical path should be given higher priority than activities that are not part of the critical path, or that have a positive slack.

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2 years ago

Tally Corp. sells software during the recruiting seasons. During the current year, 18 comma 000 software packages were sold res

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Answer:

$26,300.

Explanation:

The operating income for the current year is $270,000 (450,000 - 130,000 - 50,000). When sales change, variable costs also change with the change of output, but fixed cost remains the same. So we have to calculate the variables costs when sales increase by $80,000. To do so, variable expense ratio, calculated as variable expense / sales, will be used.

So, variable expense ratio is .29 (130,000 / 450,000).

Calculation for Change in Operating Income when sales are $530,000 (450,000 + 80,000) is as follows:

Sales revenue $530,000

Variable costs (530,000 * .29) (153,700)

Fixed costs (80,000)

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2 years ago

Read 2 more answers

There are simultaneous changes in the demand for and supply of tablet devices, with the consequences being an unambiguous decre

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Since, decrease in demand and supply have opposite effect on the price there is no change in the price of tablets.

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Thus, the correct option is c, Demand decreases and supply decreases.

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2 years ago