Business, 16.08.2020 01:01 babygirl1780
Compute the uncollectible account expense, and make the appropriate journal entry, for the current year assuming the uncollectible account expense is determined as follows:
a. Without considering the balance in the Allowance for Doubtful Accounts, income statement approach, 1% of total sales.
b. Without considering the balance in the Allowance for Doubtful Accounts, income statement approach, 1.5% of credit sales.
c. Considering the balance in the Allowance for Doubtful Accounts, balance sheet approach.
The estimate based on an aging of accounts receivable is that an allowance of $12,000 would be appropriate.
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Afirm plans to begin production of a new small appliance. the manager must decide whether to purchase the motors for the appliance from a vendor at $10 each or to produce them in-house. either of two processes could be used for in-house production; process a would have an annual fixed cost of $200,000 and a variable cost of $7 per unit, and process b would have an annual fixed cost of $175,000 and a variable cost of $8 per unit. determine the range of annual volume for which each of the alternatives would be best. (round your first answer to the nearest whole number. include the indifference value itself in this answer.)
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Compute the uncollectible account expense, and make the appropriate journal entry, for the current y...
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