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kenny6666 [7]
2 years ago
7

Production and sales estimates for March for the Streamline Systems Co. are as follows: Estimated inventory (units), March 1 17,

500 Desired inventory (unit), March 31 20,300 Expected sales volume (units) 35,000 Unit sales price $15 a.35,000 b.37,800 c.20,300 d.17,500
Business
1 answer:
Dmitry [639]2 years ago
5 0

Answer:

b.37,800

Explanation:

The computation of the number of units expected to be manufactured is shown below:-

Number of units expected to be manufactured = Sales + Ending inventory - Beginning inventory

= 35,000 + 20,300 - 17,500

= 37,800 units

Therefore for computing the number of units expected to be manufactured we simply applied the above formula.

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Jersey Corporation has a process costing system in which it uses the weighted-average method. The equivalent units for conversio
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Formula for calculating units in the start:

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2 years ago
Read 2 more answers
E6-18 (Algo) Inferring Bad Debt Write-Offs and Cash Collections from Customers LO6-2 On its recent financial statements, Hassell
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Answer:

  • 1. What amount of bad debts was written off during the current year?  

Allowance for Doubtful Accounts  

$ 147 Credit

$ 94 Credit

$ 58 Debit

$ 183 Credit Balance      

Dr Allowance for Uncollectible Accounts $ 58  

Cr Accounts Receivable Net $ 58  

2. Based on your answer to requirement (1), solve for cash collected from customers for the current year    

Accounts Receivable  

$ 11.785    Debit  

$ 61.170    Debit  

$ 58         Credit  

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$ 14.072  Debit Balance  

Explanation:

To know the amount that was written off during the current year, it's necessary to take the balance of the prior year and add the amount recorded as bad debt during the year, with these we calculate the amounts of difference between the balance of the current year and these values, the amount it's the value written-off during the current year.          

  • Hassell recorded bad debt expense of $94 and there were no bad debt recoveries during the current year.  

Dr Bad Debt Expense                                $ 94  

Cr Allowance for Uncollectible Accounts $ 94  

1. What amount of bad debts was written off during the current year?  

Allowance for Doubtful Accounts  

$ 147 Credit

$ 94 Credit

$ 58 Debit

$ 183 Credit Balance

Dr Allowance for Uncollectible Accounts $ 58

Cr Accounts Receivable Net                 $ 58

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$ 61,170    Debit  

$ 58         Credit  

$ 58,825 Credit  

$ 14,072   Debit Balance  

Dr Cash                                   $ 58.825

Cr Accounts Receivable Net $ 58.825

     

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