Kingbird Corp
A.
Dr Account Receiveable $722,500
Cr Sales Revenue $722,500
B.
Dr cash $708,940
Cr Account receivable $708,940
C.
Dr Bad debt expense $14,220
($22,740-$8,520)
Cr Allowance for Doubtful Account $14,220
Answer: Martina should draft a memo for the files indicating that Breslin is a difficult client.
Explanation: The tax professional ethics standard states that one has to be under the rules and regulations that abides the profession, most especially the AICPA (American Institute of Certified Public Accountants). This means that for one to be ethical, the person's practice must be professional and in accordance to rules.
Because Martina has to be ethical, and also secure her client, she has to disclose the matter the way her clients wants it, but she also has to indicate that Breslin is a difficult person, so that her disclosure won't appear unprofessional, and for her license to be secured.
It will be unprofessional if Martina cannot handle a difficult clients. It is also unprofessional if Martina option becomes quiting or being sacked for not delivering a job.
<span>Bank of America, with 14,058 million common shares outstanding in 2015, and with dividends of $0.05 paid 4 times per share in 2015, the dividends paid overall in 2015 was $2,812 million.</span>
Answer:
Bradford's estimated variable manufacturing overhead cost is $127,200
Explanation:
The cost function=$83,000+$12M
where M stands for machine hours required to produce the expected output in the month under review.
Each one-six unit case of Bradford's single product requires two machine hours,hence 5,300 cases would require 10,600 hours(5,300*2hrs).
Total estimated variable manufacturing overhead=cost per machine hour*expected number of machine hours
cost per machine hour is $12 as seen in the cost function
estimated variable manufacturing overhead=$12*10,600=$127,200
Answer:
He earns $296780 as a Sales Trainee and $377094 as a Sales Associate
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Explanation:
Given
Let x represents his sales as a sales trainee
Let x represents his sales as a sales associate
Total Sales: 
Total Commission: 
Required
Find x and y
Equations
--- (1)
--- (2)
Make y the subject of formula in (1)
Substitute this in (2)
Open Bracket
Collect Like Terms
Divide through by -0.03
Recall that
<em>Hence;</em>
<em>He earns $296780 as a Sales Trainee and $377094 as a Sales Associate</em>
