Whether it is a case of external or internal economies of scale:
A. A number of firms doing contract research for the drug industry are concentrated
Larger changes within the industry lead to external economies of scale, so as the industry expands, the average cost of doing business decreases.
when external economies of scale exist?
External economies of scale take place when an industry as a whole expands and businesses profit from lower long-term average costs. External economies of scale are also known as advantageous external outcomes of industrial development.
An external economy of scale is shared by competitors, internal economies of scale provide larger competitive advantages.
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Julia is a clinical phycologist who works with families in distress. Usually, the counseling is ordered by the court system because of some issue in the family. What quality would be beneficial to Julia in her career?
Julia is a clinical psychologist who works with families in distress. Usually, the counseling is ordered by the court system because of some issue in the family. Good listener quality would be beneficial to Julia in her career.
Clinical psychologists have specific training in the psychological counseling and treatment of mental, behavioural, social, and emotional diseases, and their goal is to directly counseling clients who require mental health professionals. A good psychologist pays close attention to what the other person is saying and thoughtfully and thoroughly responds to their thoughts. It takes more than just paying attention to what someone is saying to effectively listen.
Additionally, a lot of clinical psychologists work in private practise, clinics, and medical facilities. Counseling is an ethical interaction characterized by the use of one or more psychological theories and a recognised set of communication skills to clients' private issues, issues, or ambitions, adjusted by experience, intuition, and other interpersonal aspects
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Julia is a good listener.
What will most likely happen to your credit score if you pay off your credit
cards?
O A. Your credit score will stay the same.
OB. Your credit score will
go down.
OC. Your credit score will be inaccurate.
OD. YOURE CREDIT SCORE WILL GO UP!
Answer:
B
Explanation:
Which of the following are characteristics of a perpetuity?
A. A perpetuity continues for a fixed time period.
B. In a perpetuity, returns—in the form of a series of identical cash flows—are earned.
C. The present value of a perpetuity is calculated by dividing the amount of the payment by the investor’s opportunity interest rate.
D. A perpetuity is a series of regularly timed, equal cash flows that is assumed to continue indefinitely into the future.
Characteristics of perpetuity are it is series of payment for an infinite period and its present value is calculated by dividing the amount of the payment by interest rate, so the correct answers are (c) and (d).
In the financial system, perpetuity relates to a scenario in which a series of cash flow payments lasts a lifetime or is an endless annuity. Perpetuities are employed in valuation studies to calculate a company's terminal value and the present value of its projected future earnings stream. A perpetuity is basically a sequence of cash flows which never stop.
As per the questions the basic features of annuity are that its present value is calculated by dividing the amount of the payment by the investors' opportunity interest rate and it is a series of regularly timed, equal cash flows that is assumed to continue indefinitely into the future.
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a benelovent social planner chooses to produce less than the equlibrium quantity of a good is?
A benevolent social planner chooses to produce less than the equilibrium quantity of a good making the price of that current good higher.
Who is a producer?A producer is a person who creates or manufactures a good or a commodity, whether it is a finished good or a semi-finished good. These are essentially commodity makers.
The benevolent social planner would make sure that the purchasers attach a greater value to that final unit of manufacturing than it cost to manufacture the said unit. As attaining an equilibrium will imply that there will not be any loss with the firm will have to bear.
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PLEASE HELP FOR 30 POINTS
1. If you are filing your tax return as an individual, you will need to itemize your taxes if
the sum of your deductible contributions is less than $300.
the sum of your deductible contributions exceeds $300.
you don’t have any deductible contributions.
you donated to a religious institution.
2.What does the CARES Act allow regarding charitable contributions?
It allows the government to tax your charitable contributions.
It allows you to deduct $300 in charitable contributions.
It allows you to create a 501(c)(3) organization.
It allows you to deduct the price of merchandise you buy from charities.
4.Which is an example of a financial institution?
a government regulatory agency of money
the IRS
a group of investors
a retail or commercial bank
5.What does it mean when a bank is FDIC insured?
It has insurance on the building.
It has insurance on its investments.
It guarantees that you won't lose all of your money.
It is one of the top 100 banks in the world.
Answer:
1. The sum of your deductible contributions exceeds $300.
2. It allows you to deduct $300 in charitable contributions.
3. It carried into the next year.
4. Internal Revenue Service.
5. It is an acronym for "Coronavirus Aid, Relief and Economic Security." It allowed someone to deduct up to 100% of their Adjusted gross income.
Explanation:
Good luck!
What do think is really behind Cliff’s desire to quit his job?
Nobody questions why Cliff’s Loman is speeding off with his automobile at the conclusion of Arthur Cliff’s play job Death of a Salesman. To leave his family with 20,000 dollars in insurance money, he crashes his automobile and then commits sui-cide.
Cliff’s Loman killed himself. He was aware that not everyone had the same chances to succeed. What does it mean to live in a culture that makes many promises but keeps none of them job? That query was present in Cliff’s mind while he penned Death of a Salesman. The play explores the fight for achievement and disillusionment with the American Dream.
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An implied contract is established by
Answer: An implied contract is created by the actions, behavior, or circumstances of the people involved.
Who made the better financial decision and why?
O Veronique because her payments are lower.
O Veronique because her final cost, including finance charges, is less than Lily's.
OLily because she is paying off her purchase sogner.
O Lily because her final cost, including finance charges, is less than Veronique's.
Lily because her final cost, including finance charges, is less than Veronique's.
How financial decisions are made?The performance of the firm is taken into account while making financial decisions. It is based on studies of estimates, potential investments, and other financial records like cash flow statements, balance sheets, and profit and loss statements.
When weighing options and making decisions for their financial situations, such as how and when to save and spend, comparing costs before making a major purchase, and planning for retirement or other long-term savings, people with strong financial knowledge and decision-making skills can do so with confidence.
Here are the three essential tools to have in order to demonstrate the financial impact of the idea and to support it both financially and otherwise: overall expense of ownership (TCO), a cost-benefit study (CBA), the anticipated return on investment (ROI)
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Theories of Work Motivation Your Company provides diversity training programs to ensure that employees realize the importance of working with a diverse workforce, are aware of the equal employment opportunity legislation, and are capable of addressing the challenges of working in a multicultural workforce. Participation in these programs is mandatory, and employees are required to take the training as many times as needed until they pass. The training program lasts one day and is usually conducted in a nice hotel outside the workplace. Employees are paid for the time they spend in the training program. You realise that employees are not motivated to perform well in this program. During the training, they put in the minimum level of effort, and most participants fail the examination given at the conclusion of the training program and then have to retake the training. Adapted from:
Question 1 Instructions: This assignment should be submitted as an essay and include the following:
a. A definition of process theories of work motivation.
b. Use expectancy and reinforcement theories, and explain four reasons (supported by the literature) why the employees may not be motivated to perform well in the training program.
c. Suggest improvements in the program so that employees are motivated to understand the material, pass the examination, and apply the material in the workplace.
Work motivation is said to emanate from with an employee who is with a passion and desire in order to work and produce the desired results. So, the work motivation theory is the study in order to understand what drives a person to work towards a particular goal or outcome.
Suppose if an employee has piles of work which is already stacked on their desk, such things that are already there will take precedence over training. So, while developing their skills with work motivation will benefit them more in the long run.
There are certain ways in order to motivate employees to engage in a training program, which are, by making training a practical and job-relevant. make training a company priority, by employing gamification strategies, etc.
Hence, through this, employees will be motivated to understand the material, pass the examination, and apply the material in the workplace.
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The franchisor generally does NOT provide the franchisee with:
The Franchisor doesn't provide the franchisee with extensive financial help. Hence, the above statement is appropriate.
Who is a Franchisor?Franchisors are one of the most ultra-modern and new ways of marketing strategy which is being done for the business to prosper. Under this system, an owner of a business- that is the Franchisor lets other products by different individuals be sold under the banner of the Franchisor's Company.
The Franchisor in turn give the selling rights of the product under the Franchisor's brand name. This will give the person selling commodities, a potential loyal customer base of the Franchisor's Company.
The Franchisor will in turn earn more goodwill from the sale of those products and will also be earning some shares of the profit. The Franchisor doesn't provide extensive financial helps directly. But the sponsors of that Franchisor arrange for the finances. Hence, the above statement is proven.
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Q.5 : Match up the following Quality tasks with their purpose
Answer:
Where's the question?
Explanation:
On a résumé, it is important to use words like oversaw and coordinated
to describe your work experience.
OA. action
OB. simple
O C. mundane
OD. interpretive
On a resume, it is important to use words like oversaw and coordinated
to describe your work experience and action.
What is a resume?A curriculum vitae (CV), sometimes known as a resume outside of North America, is a document that a person creates and uses to highlight their educational history, professional experience, and accomplishments. Although there are several uses for resumes, the most common one is finding new work.
An "summary" of relevant work experience and education can be included on most resumes. The resume is normally one of the first things a potential employer sees about a job seeker and is used to screen applications; this is frequently followed by an interview. Other materials that may be seen by a potential employer include a cover letter and occasionally an application for employment. In place of a resume, biodata is frequently utilized in South Asian nations including India, Pakistan, and Bangladesh.
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14
Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 313 includes
$17,510 in direct materials cost and $10,600 in direct labor cost. A total of 1,550 units were produced in Job 313.
Required:
a. What is the total manufacturing cost assigned to Job 313?
b. What is the unit product cost for Job 313?
a. Total manufacturing cost
b. Unit product cost
A) The total manufacturing cost assigned to Job 313 is $37,000
B) Unit product cost for Job 313 is $37
According to the Question,
The Newhard Company bases its allocation of overhead expenses on 125% of the cost of direct labor.
The direct material costs for Job 313 are $10,000, While the direct labor costs are $12,000, according to the job cost sheet.
In total, Job 313 produced 1,000 units.A) Direct materials plus direct labor + manufacturing overhead equals manufacturing costs.
Costs of production = $10,000 + $12,000 + (12000× 1.25) = $37,000B) Unitary cost = 37000 ÷ 1000 = $37
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A firm should track business events at least to the level that management wants to?
企業は、少なくとも経営陣が望むレベルまでビジネス イベントを追跡する必要がありますか?
A firm should track business events at least to the level that management wants to plan, control, and evaluate.
What is a Firm?A company, such as a corporation, is a business organization that manufactures and sells products and services with the intention of generating income and turning a profit.
A business can be one that sells tangible items, like a department store. Also included are service providers like barbers. Although any for-profit company can be referred to as a "firm," the term is most frequently used to refer to organizations in specific professions like law and accounting.
The legal sector is where the word "firm" is most frequently used. Imagine you just finished law school and are relocating to your hometown to start a private practice.
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25 points!
Luisa is concerned about risks and liabilities involved with business ownership. What actions can she take to BEST protect her personal property against the financial obligations of her business?
A. Register the business name; patent the logo
B. Establish an IRA; set up automatic withdrawals
C. Seek legal counsel; choose the right legal structure
D. Hire an accountant; enroll in online banking
Luisa can BEST do is :
Register the business name; patent the logo. [ OPTION A]Seek legal counsel; choose the right legal structure [OPTION C]Hence, option A and C are correct answer.
What is Business ownership?A business owner is a person who controls the operational and financial aspects of a business. A business that produces and sells goods and services for profit. An e-commerce store or freelance writer is considered a business. A business can operate alone or with multiple people.If a business is owned and operated by an individual, it is a sole proprietorship. Most small businesses start as sole proprietorships. This type of business is usually owned by the one person who is responsible for day-to-day business operations.In this case, Luisa can register the business name which results in a separate legal entity of the business and the owner which will protect the assets. And on the other hand, she can also consult a Legal Counsel or advisor for further legal structure.
Thus, OPTION A & C will be the correct steps Luisa can do.
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Answer: option a
Explanation:
A contract is valid as soon as it is created and sent to another person or business.
A.
True
B.
False
The statement is False. A contract is valid as soon as it is created and sent to another person or business.
A settlement is a legally binding settlement between two or extra events. Once signed, this contractual settlement creates a promise that positive rights and duties will be fulfilled through each celebration. In essence, a promise is at the heart of every contract.
Properly-drafted contracts offer you and your enterprise many blessings together with clarity in enterprise relationships, agreements, and rights of parties. Averting capability contract disputes and litigation. Stopping misinterpretation of communications and agreements.
A hit contract is described as an agreement that: provides the quality possible offerings at the most affordable cost. Offers a method to control the scope of offerings. Manages your commercial enterprise's operational and economic dangers.
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A company‘s office supplies account shows beginning balance of $730 and ending balance of $660. If office supplies expense for the year is $3750, what amount of office supplies was purchased during the period?
A company’s office supplies account shows a beginning balance of $730 and an ending balance of $660. The number of office supplies purchased during the period is $3680.
What is an office supply account?Office supplies are the supplies that are purchased for office work. This includes office expenses and here we are calculating the office expenses n office supplies.
Given: A company’s office supplies account shows a beginning balance of $730.
Ending balance of $660
$730 - $660 = $70
Supplies expenses of the year are $3750
$3750 - $70 = $3680
Therefore, the amount of office supplies purchased during the period is $3680.
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Jonas mascariñas starts a repair shop business in davao city, at the beginning of the period his capital P350,000 which is equalled to his investment. At the end of the period, his capital P450,000 which 60% total assets. How much represents the total claims from the outside creditors?
Total claims from outside suppliers is 180,000.
= Total assets - Owners equity
= 450000 - (450000×60%)
= 450000 - 270000
= 180000
What is investment?
An investment is essentially an asset created with the purpose of allowing money to grow. The wealth you create can be used for a variety of purposes, such as covering income, saving for retirement, or meeting certain obligations, such as repaying loans, paying tuition, or purchasing other assets.
Understanding the definition of investment is crucial because sometimes it can be difficult to choose the right tools to achieve your financial goals. If you know how important investing is in your financial situation, you can make the right choices.
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use a separate sheet)
SECTION A (2 Marks each)
1.
C'
The type of securities market that has relatively stringent listing conditions
companies
only
accommodate
strong
that
called
is
The type of securities market that has relatively stringent listing conditions companies only accommodate strong that is called Capital markets.
What is meant by Capital markets?In contrast to a money market, where short-term debt is purchased and sold, a capital market is a financial market where long-term debt or equity-backed securities are bought and sold. The New York Stock Exchange, American Stock Exchange, London Stock Exchange, and NASDAQ are examples of highly organized financial markets. Stock, bond, currency, and other financial assets are traded in capital markets, which are financial marketplaces that connect buyers and sellers. The stock market and the bond market are examples of capital markets.In the capital market, bonds, stocks, and other financial instruments are bought and sold by buyers and sellers. Participants in the trade include both individuals and institutions. Most securities traded on the capital market are long-term ones.To learn more about Capital markets refer to:
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According to the video, what do Hotel, Motel, and Resort Clerks need to be knowledgeable about? Check all that apply.
According to the video, some things that a Hotel, Motel & Resort Clerks need to be knowledgeable about includes:
hotel serviceslocal attractionscheckout timesWhere do Hotel, Motel & Resort belongs to?The services of Hotel, Motel & Resort all falls under the Hospitality industry. The industry has a very broad category of fields within the service industry that includes lodging, food service, drink service, event planning, theme parks, travel and tourism; as well, its includes a hotels, tourism agencies, restaurants and bars.
Some of the things the clerks of Hotel, Motel & Resort need to be knowledgeable about includes:
Hotel services: In order to bring joy among hotel customers, the hotel clerk should know about all hotel services and manners including laundry, food services, and other amenities.Local attractions: The tourists are attracted to any spots by knowing and seeing the famous local spots. That is why it is important that clerks need to be knowledgeable about the nearby local attractions to guide tourists.Check-out times: This timings are very much important things to know, so, the clerks should know this for sure to give perfect service to their customers.Missing options "airport safety, first aid, hotel services, local attractions, food hygiene, checkout times"
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where did you get the numbers for the quantity since the question never states what the quantity is so how do you calculate total revenue when all you’re given is this price?
The following is the formula to determine total cost: Total cost is determined by adding TVC and TFC (total variable cost).
How do you calculate total income using quantity and cost as inputs?
Total Sales X Cost Per Unit equals Total Revenue
Just keep things simple by remembering "quantity times price." If you offer a variety of goods and/or services, figure out the combined total revenue for all of them.
Price x Quantity Sold = Total Revenue
How is total revenue determined on an income statement?
Revenue as a whole on the income statement
To calculate the overall operating income, start with the sales revenue and then deduct the cost of products sold and operating expenses. Report any non-operating gains, losses, or costs in the following section.
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A retail appliance store sells 4000 television sets each year it cost $10 to store one television set for a year to re-order there is a fixed processing cost of $25 plus $7.50 shipping fee for each television set
The total cost of storing and re-ordering the 4000 television sets is $165,000 ($40,000 + $125,000).
What is re-ordering?Re-ordering is the process of rearranging the order of items in a collection. This can be done for a variety of reasons, such as to organize items in an efficient way, to prioritize tasks, or to change up the appearance of a page or collection. Re-ordering can be done physically, using a technique like drag-and-drop, or virtually, using sorting algorithms. Re-ordering is often used in the context of websites and other digital platforms, in which users can rearrange the order of items on their screen. Doing so can help users find what they’re looking for more quickly, and make the overall experience more user-friendly. Re-ordering can also be used to customize a person’s view of a webpage or collection, allowing them to prioritize the items they most want to see.
The total cost of storing 4000 television sets for one year is $40,000 ($10 x 4000). The cost of re-ordering these sets is $125,000 ($25 processing fee + $7.50 shipping fee x 4000).
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The total cost of storing and re-ordering the 4000 television sets is $165,000 ($40,000 + $125,000).
What is re-ordering?Re-ordering is the process of rearranging the order of items in a collection. This can be done for a variety of reasons, such as to organize items in an efficient way, to prioritize tasks, or to change up the appearance of a page or collection. Re-ordering can be done physically, using a technique like drag-and-drop, or virtually, using sorting algorithms. Re-ordering is often used in the context of websites and other digital platforms, in which users can rearrange the order of items on their screen. Doing so can help users find what they’re looking for more quickly, and make the overall experience more user-friendly. Re-ordering can also be used to customize a person’s view of a webpage or collection, allowing them to prioritize the items they most want to see.
The total cost of storing 4000 television sets for one year is $40,000 ($10 x 4000). The cost of re-ordering these sets is $125,000 ($25 processing fee + $7.50 shipping fee x 4000).
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Suppose disposable income increases by $5,000. As a result, consumption increases by $4,300.
Calculate the marginal propensity to save as follows:
MPS= 1-increase in consumption/increase in income
= 1-4300/5000
=1-0.86
=0.14
Calculate the marginal propensity to consume as follows:
MPS= increase in consumption/increase in income
= 4300/5000
= 0.86
If a person's profits increases, the MPC measures the quantity of profits they select to spend on items and offerings as opposed to savings. With this in mind, MPC is calculated as MPC = alternate in consumption / alternate in profits. By the usage of the instance above, the MPC might be 500 / 1000 = 0.5.
The marginal propensity to save (MPS) is the element of every more greenback of a household's profits this is saved. MPC is the element of every more greenback of a household's profits this is fed on or spent. Consumer conduct regarding saving or spending has a completely tremendous effect at the financial system as a whole.
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Research, read and understand the current situation of the country and compare and contrast with the content you've learned during the subject period. Give Shane your opinion on whether he should or should not go for his initial plans. Back your opinion with enough evidence and theories, and give suggestions as to what initial ideas he should change. Keep note to take into consideration that Shane cannot be unemployed for long as well.
Teaching techniques that engage and encourage students will enhance their learning, according to research on how students learn science and engineering.
Research, read and understandNational Academies of Science, Engineering, and Medicine (2015). Effective Teaching in Undergraduate Science and Engineering: What the Research Says Washington, DC: The National Academies Press Exist any mental models that aid or hinder the way they learn? Which teaching methods aid in the most knowledge and skill acquisition among students? And how might practitioners put these strategies into practice in their own classes or offer novel concepts for the departments at their institutions? Reaching Students tries to respond with information.To learn more about Research, read and understand refer:
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Determine the missing amounts in the following table: (Round your percentage answers to the nearest whole number and other answers to 2 decimal places.)
The missing amounts relating to economic terms such as Contribution margin and Variable costs are given the in the attached image. See the explanation below.
What is the calculation justifying the above amounts?Contribution Margin = Sale – Variable (25-9=16)
Contribution Margin Ratio = Contribution*100/Sales (16*100/25) =64.00%
Sale = Variable + Contribution= 18+17=35
Contribution Margin Ratio = (17*100/35) =48.57%
Contribution Margin = 47*34%=15.98
Variable Cost = (Sales-Contribution) (47-15.98) = 31.02
The contribution margin, or dollar contribution per unit, is calculated by subtracting the selling price per unit from the variable cost per unit. "Contribution" refers to the part of sales income that is not consumed by variable expenses and so contributes to fixed cost coverage.
Variable costs are the total of marginal costs across all units manufactured. They can also be considered standard expenses. The two components of the total cost are fixed costs and variable costs.
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Explain how you obtained the money for investment
Answer:
You can also earn money from an investment by collecting payments. For stocks, those payments are usually dividends. For bonds, you get those interest payments we mentioned. Let's say you buy a bond for $100 that pays 3% interest for 10 years.
Find at least two specific current examples (within the last year from the start of January 2021 to the present) of non-price determinants that shifted (or are shifting) demand in this market. (Cite sources.) Identify the nonprice determinant(s) the event describes. Indicate which way the demand curve moves as a result.
-The pandemic has caused people to cook at home more and eat out less, which has shifted the demand curve for restaurants to the left.
-The release of the new iPhone has caused people to buy the new phone instead of the old one, which has shifted the demand curve for iPhones to the right.
What is demand curve?
A demand curve in economics is a graph that shows the relationship between the cost of a certain good (the y-axis) and the amount of that good that is desired at that cost (the x-axis). Demand curves can be used to both the price-quantity connection for a single consumer (a single demand curve) and for all consumers in a given market (a market demand curve). Demand curves are typically thought to slope downward, as the following graphic demonstrates. This is due to the law of demand, which states that when prices increase for most things, demand decreases. Certain peculiar circumstances do not adhere to this rule. Veblen goods, Giffen goods, and speculative bubbles are a few examples of this type of phenomenon. Buyers are drawn to an item if its price increases.
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2. Providing promotion opportunities at work, recognizing a person’s accomplishments verbally or through more formal reward systems, job titles that communicate to the employee that one achieved high status within the organization are among the ways of satisfying:
a. Physiological needs
b. Esteem needs
c. Safety needs
d. Self-actualization needs
Providing promotion opportunities at work, recognizing a person’s accomplishments verbally or through more formal reward systems, job titles that communicate to the employee that one achieved high status within the organization are among the ways of satisfying Esteem needs.
Maslow's five-layer theory of human motivation includes esteem as the fourth layer. Although esteem is a personal trait, it is influenced by other forces, such as peer validation and approval. Users frequently receive virtual rewards for completing one or more activities, such as beating a level in an online game. Some people may find these insignificant rewards amusing, yet they serve as motivation to keep using a product and moving forward in order to get the next badge, nickname, percentage rise, etc.
It is believed to be connected to the other levels of our needs. Confidence, fortitude, self-belief, social and personal acceptability, and respect from others are all aspects of self-esteem. One of the most important steps in achieving contentment or self-actualization is the fulfilment of these requirements.
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Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,006,000 and sales for the year total $11,410,000.
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
a. $
b. $
c. $
d. $
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
To be increased by $14,925
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
To be increased by $29,900
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
To be increased by $80,575
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
To be increased by $36,500
What is Bad Debts?Bad debts is the account that reduces the balance of the accounts receivable accounts, the bad debts is an expense account. These are the estimated amount of receivables that will not be received by the company and so is accounted as an expense and deducted from the net accounts receivable.
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
To be increased by $14,925 (($11,410,000 * 1% * 1 / 4 ) - $13,600)
(Sales * 1% * 1/4) - Debit balance of allowance account)
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
To be increased by $29,900 ($43,500 - $13,600)
(Closing balance of doubtful account - opening balance)
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
To be increased by $80,575 ($11,410,000 * 1% * 3 / 4) - $5,000)
(Sales * 1% * 3/4) - Debit balance of allowance account)
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
To be increased by $36,500 ($41,500 - $5,000)
(Closing balance of doubtful account - opening balance)
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