Business, 25.10.2019 19:43 Cedars6976
During 2021, its first year of operations, pave construction provides services on account of $160,000. by the end of 2021, cash collections on these accounts total $110,000. pave estimates that 25% of the uncollected accounts will be uncollectible. in 2022, the company writes off uncollectible accounts of $10,000. required:
1. record the adjusting entry for uncollectible accounts on december 31, 2021. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)
2-a. record the write-off of accounts receivable in 2022. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)
Answers: 3
Business, 22.06.2019 02:40
Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.
Answers: 2
Business, 22.06.2019 16:00
Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)
Answers: 2
Business, 22.06.2019 19:00
All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.
Answers: 1
During 2021, its first year of operations, pave construction provides services on account of $160,00...
Biology, 26.03.2021 18:50
Mathematics, 26.03.2021 18:50
Mathematics, 26.03.2021 19:00
Physics, 26.03.2021 19:00
Mathematics, 26.03.2021 19:00
Chemistry, 26.03.2021 19:00
English, 26.03.2021 19:00