Answer:
amount of the net source $15
Explanation:
![source\ of\ cash =[Cash+AR+Inventory]- [Amount\ Payable]](https://tex.z-dn.net/?f=source%5C%20of%5C%20cash%20%3D%5BCash%2BAR%2BInventory%5D-%20%5BAmount%5C%20Payable%5D)
cash = $183
received amount = $392
inventory =$714
payable amounts =$463
current assest = (183+392+714)-463=$826
current liabilities =(167+682+409-447)=$811
cash = $167
received amount = $409
inventory =$682
payable amounts =$447
current liabilities =(167+682+409-447)=$811
Hence since current liabilities is more than current assests, therefore there will be loss of accounts
Hence source of cash= (826-811) = $15.
Answer:
Dr Travel Expenses 40,000
Cr Prepaid Expenses 40,000
Explanation:
Friends International
Dr Travel Expenses 40,000
Cr Prepaid Expenses 40,000
Travel Expense for $40,000 was been DEBITED in order to recognize the expense associated with the use of the tickets and cPrepaid Expense for $40,000 was been CREDITED because the company no longer has the right to receive benefits from the prepaid tickets.
Answer:
$52,710
Explanation:
Calculation for allowance for uncollectible accounts credit balance
Using this formula
Allowance for uncollectible accounts credit balance=Estimated gross uncollectible accounts receivable *Accounts receivable
Let plug in the formula
Allowance for uncollectible accounts credit balance=7%* $753,000
Allowance for uncollectible accounts credit balance=$52,710
Therefore After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of $52,710
36.) A
37.) not sure but maybe D
40.) A
Answer:
c. machining.
Explanation:
Unit level activities take place in order to manufacture the product. This manufacturing process has four activities:
- engineering
- setups
- machining
- inspecting
Unit level activities depend on the amount of units produced, this means that as more units are produced, more costs will be allocated. In this case, engineering, setups and inspecting are done on a batch basis, which means that they are batch level activities.
Only machining costs are proportional to the number of units produced.
