Answer:
<em>Incomplete question is "2. What journal entry should Johnson record to recognize bad debt expense for 2021? 3. Assume Johnson made no other adjustment of the allowance for uncollectible accounts during 2021. Determine the amount of accounts receivable written off during 2021 4. If Johnson instead used the direct write-off method, what would bad debt expense be for 2021?"</em>
1. Gross accounts Receivable = Allowance Account balance at beginning / 10%
= $30,000 / 10%
= $300,000
2. Year Account Title Debit Credit
2021 Bad debt expense $105,000
($500,000*10% + $55,000)
To Allowance for Doubtful Accounts $105,000
3. Accounts receivable written off = Beginning balance of Allowance Account - Ending Balance of Allowance account
= $30,000 - (- $50,000)
= $30,000 + $50,000
= $80,000
4. Bad debt expense for 2021 (direct write off method) = Amount written off = $80,000
<span>The total equivalent warming impact (TEWI) takes into consideration both the direct and indirect global warming effects of refrigerants.
In addition to the direct impact of the refrigerant (which is conveniently estimated by GWP), any system or process, which requires energy input, indirectly affects the environment. This impact is originated from CO2 emissions from the energy production processes.
TEWI can be calculated using the equation below:
TEWI = direct emissions + indirect emissions = (GWP×L×N)+(Ea×β×n),
where
L – annual leakage rate in the system, kg (3% of refrigerant charge annually),
N – life of the system, years (15 years),
n – system running time, years (based on weather data, 4910 hours),
Ea – energy consumption, kWh per year (modelled for each refrigerant),
β – carbon dioxide emission factor, CO2-eq. emissions per kWh (165 g CO2/kWh).</span>
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Emphasizing labor productivity in labor-intensive environments is not among the chief reasons organizations fail.
<h3><u>
Explanation:</u></h3>
Labor intensive production technique involves the usage of higher amount of labor for the production of goods and services. Here the other factors of production such as capital is used less compared to labor. When we are in a need of producing goods or services only at a small scale then we can opt for the Labor-intensive means of production.
For those organisation that has an environment to be of labor intensive then the process of using labor productivity will be appreciated for the success of the organisation. Focusing on the financial performance in short-term basis, over emphasis on the design of the product, poor communication in the internal organisation,not investing in capital and human resources are the reasons for the failure of many organisation.
Answer:
The legal rate to quote is 31.88% per year
The effective annual rate is 36.98%
Explanation:
In calculating the legal rate, I used the rate function in excel,whose formula is below:
rate(nper,-pmt,pv)
The nper is the period of loan calculate as 1 year multiplied by 12 months
pmt is the periodic monthly loan repayment of $3838.25
pv is the today's value of the loan at $39000
Find detailed computation in the attached spreadsheet.
