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egoroff_w [7]
2 years ago
4

A company has​ $294,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowa

nce for Doubtful Accounts now has a​ $2,210 credit balance. If the company estimates that​ $7,640 of accounts will be uncollectible based on an aging of Accounts​ Receivable, what will be the amount of the journal entry to record estimated uncollectible​ accounts
Business
1 answer:
PSYCHO15rus [73]2 years ago
7 0

Answer:

The correct answer to the given question is $5430.

Explanation:

Allowance method can be defined as a method which is used by the companies to adjust un collectible accounts receivables , which appears on the balance sheet in the accounting period as sales.

Given information-

Credit balance in allowance for doubtful debt - $2210

Uncollectible amount as per company estimates - $7640

Amount in uncollectible account - $7640 - $2210

= $ 5430.

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Neutronics makes four different models of gas identifiers. Next year, the company anticipates total overhead costs of $2.5 milli
Rainbow [258]

Answer:

Predetermined manufacturing overhead rate= $33.33 per direct labor hour

Explanation:

Giving the following information:

Next year, the company anticipates total overhead costs of $2.5 million.

Estimated direct labor hours= 75,000

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 2,500,000/75,000

8 0
2 years ago
Which of the following is not an input to the aggregate planning process? A. demand forecast B. cost information C. policies on
ale4655 [162]

Answer:

The correct answer is E. master production schedules.

Explanation:

Master production schedules is not an input to the aggregate planning process  all other options are its input,

Aggregate planning process is an attempt to respond to predicted demand within the constraints set by product, process and location decisions.

Hence, master production schedules is not a relevant input for this planning process but can be a result of the aggregate planning process. In other words master production schedule is formed after aggregated planning has been completed.

6 0
2 years ago
Read 2 more answers
The staff training center at a large regional hospital provides training sessions in CPR to all employees. Assume that the capac
RideAnS [48]

Answer:

95%, 73.1%

Explanation:

Actual output= 950 per year

Design capacity= 1300 per year (Theoretical capacity)

Effective capacity= 1000 per year (efficiency of the shop)

Now Efficiency = actual output/effective capacity = 950/1000 = 0.95, 95.0%

Utilization= actual output/ design capacity = 950/1300 = 0.7308, 73.1%

4 0
2 years ago
When every element in a salad could easily stand on its own, the salad is
Cerrena [4.2K]
The salad is mixed.
4 0
2 years ago
Cooper Industries wants to replace two small delivery trucks with one larger delivery truck. The old trucks are valued at $13,00
aleksklad [387]

Answer:

B) 16.0%

Explanation:

The return on investment (ROI) measures the profits earned by an investor divided by the total amount invested.

cost of old trucks = $13,000 x 2 = $26,000

cost of new truck = $52,000 - $26,000 = $26,000

Cooper's controllable margin = $97,000

Assets = $580,000

assets after purchasing new truck = $580,000 + $26,000 = $606,000

ROI = $97,000 / $606,000 = 16%

7 0
2 years ago
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