Answer:
ABC, Inc.
Given the machine time constraint, Product C should be emphasized.
Explanation:
a) Data and Calculations:
Product A Product B Product C
Selling price $80 $60 $90
Variable costs 30 35 54
Fixed costs 25 10 22
Molding machine time (minutes) 10 5 7
Estimated sales per week 300 300 300
Total molding machine time 3,000 1,500 2,100
Contribution $50 $25 $36
Contribution per molding time $5 $5 $5.14
Net income per unit $25 $15 $14
Net income per molding time $2.50 $3 $2
b) The criterion for making the decision is contribution per molding time because fixed cost is not relevant in this decision. Product C produces a slightly higher contribution per minute than Products A and B. Therefore, it should be emphasized more than other products, though consideration should also be given to the fixed cost per unit if its allocation is based on the ABC system.
06:02 MC)
An automobile company is building a new factory in your town. What may be a positive externality of this event? (1 point)
a
Noise produced by the workers and factory machines
b
Better schools from increase in property tax revenue
c
Reduction of contaminants in the local water supply
d
Improvement in the level of pollutants in the air
Answer:
Better schools from increase in property tax revenue.
Which form of ownership generally has the least ability to accumulate capital? Partnership Sole proprietorship Corporation S-corporatio
Answer:
Option B (Sole proprietorship) is the right option.
Explanation:
A single trader, as well as an entrepreneur, seems to be an unaccompanied undertaking with only one manager paying payroll taxes even more on profit derived from such an undertaking, would be considered as Sole proprietorship.Considering the lack of state intervention, cooperatives are simple to configure as well as deconstruct or popularize among very small company owners including construction company groups.Other provided options aren't related to the given scenario. So option B is the correct one.
what is the most common ways an organization uses the internet for business?
Answer:
Amazon.com. If you're serious about using the world of internet marketing to build your business, hop on the Amazon Marketplace bandwagon. Blog, Blog, Blog. Social Media Optimization. Online Reviews.
The most common ways an organization uses the internet for business are:
I) advertisements
II) expansion of market online
III) various competitions like hackathons give new innovation for the expansion of organization
Jack and Jill have gone out for cycling and they have come to a place where the road is obstructed by a fallen tree. They can move the tree if both of them try. If none of them tries, they have to turn back and reach home very late. However, if one of them tries while the other does not help, the one who tries will have a muscle sprain and will not be able to move the tree. The matrix below shows the utility each of them derives in each situation. The first number listed in each cell is the payoff to the row player and the second number listed is the payoff to the column player.
Jill
Tries Does not try
Jill Tries 5 5
5 2
Does not try -2 -2
-5 -2
1. Refer to the scenario above. Jack will derive ________ units of utility if both of them try to move the tree.
A. 5
B. −5
C. −2
D. 10
2. Refer to the scenario above. Jack will derive ________ units of utility if Jill tries to move the tree while he does not try at all.
A. 5
B. −5
C. −2
D. 10
3. Refer to the scenario above. Jack and Jill will derive maximum utility if:
A. Neither of them tries to move the tree.
B. Jack tries to move the tree, while Jill does not.
C. Jill tries to move the tree, while Jack does not.
D. Both of them try to move the tree.
4. Refer to the scenario above. Which of the following is true in this case?
A. Jill is better off by not trying if Jack tries to move the tree.
B. Jack is better off by trying to move the tree if Jill does not try at all.
C. Jack is better off by trying to move the tree if Jill tries to move the tree.
D. Jill is better off by trying to move the tree if Jack does not try at all.
5. Refer to the scenario above. This game ________.
A. does not have a dominant strategy equilibrium
B. does not have a Nash equilibrium
C. has a unique Nash equilibrium
D. has a unique dominant strategy equilibrium
Answer: See explanation
Explanation:
1. Refer to the scenario above. Jack will derive (5) units of utility if both of them try to move the tree.
The answer to the question will be the first payoff in the matrix and this is 5.
2. Refer to the scenario above. Jack will derive (-2) units of utility if Jill tries to move the tree while he does not try at all.
This will be gotten from the second cell of the matrix. The answer is-2.
3. Refer to the scenario above. Jack and Jill will derive maximum utility if (both of them try to move the tree).
Here, the payoff matrix has a maximum value of 5 and at this point, both of them can get maximum utility. Therefore, the correct option is D.
4. The true statement is that "Jack is better off by trying to move the tree if Jill tries to move the tree". Therefore, the correct option is C.
5. The scenario above indicates that the game does not have a dominant strategy equilibrium as it is dependent on the strategy of other players. Therefore, the correct option is A.
Uri would like to change the font color in a group of cells. In which part of the Excel window should he look for font color
controls?
the Quick Access toolbar
the ribbon
the worksheet
the formula bar
Answer:
B the Ribbon
Explanation:
The Ribbon is where you can change the font color
Unsecured personal loans are based on ________., a. property values, b. collateral, c. private lending, d. creditworthiness
Answer:
creditworthliness
Explanation:
unsecured personal loans is a loan that does not require any type of collateral.
the Bailey Brothers want to issue 20-year , zero coupon bonds that yield 9% .what price should it charge for these bonds if the face value is $1000?
Answer:
the amount charged is $178.43
Explanation:
The computation of the price charged is shown below:
As we know that
Future value = Present value × (1 + rate)^number of years
So,
Present value = Future value ÷ (1 + rate)^no of years
= $1,000 ÷ (1 + 0.09)^20
= $1,000 ÷ 1.09^20
= $178.43
Hence, the amount charged is $178.43
Oriole Company had the following transactions during 2022: 1. Issued $310000 of par value common stock for cash. 2. Recorded and paid wages expense of $148800. 3. Acquired land by issuing common stock of par value $124000. 4. Declared and paid a cash dividend of $24800. 5. Sold a long-term investment (cost $7440) for cash of $7440. 6. Recorded cash sales of $992000. 7. Bought inventory for cash of $396800. 8. Acquired an investment in Zynga stock for cash of $52080. 9. Converted bonds payable to common stock in the amount of $1240000. 10. Repaid a 6-year note payable in the amount of $545600. What is the net cash provided by financing activities
Answer and Explanation:
The computation of the net cash provided by financing activities is shown below;
Cash flows from financing activities
Issue of common stock $310,000
Less : Cash dividends ($24,800)
Repaid notes Payable ($545,600)
Net cash flow used by financing activities ($260,400)
The positive amount represent the inflow of cash and the negative amount represent the outflow of cash
High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 1,495 $198,720 2,650 223,450 3,795 309,120 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $fill in the blank 1 per unit Total fixed cost: $fill in the blank 2 b. Based on part (a), estimate the total cost for 1,900 units of production. Total cost for 1,900 units: $fill in the blank 3
Answer:
1. Variable cost per unit = [Total cost at highest level - Total cost at lowest level] / (Highest level of unit- Lowest level of unit)
Variable cost per unit = [$309,120 - $198,720] / [3,795 - 1,495]
Variable cost per unit = $110,400 / 2,300
Variable cost per unit = $48
Fixed costs = Total cost at highest level - [Variable cost per unit*Highest level of unit]
Fixed costs = $309,120 - [$48*3,795]
Fixed costs = $309,120 - $182,160
Fixed costs = $126,960
2. Total cost = Fixed cost + Variable cost
Total cost = $126,960 + $48*(1,900 units)
Total cost = $126,960 + $91,200
Total cost = $218,160
The healthy worker effect refers to the observation that: A.healthy persons are more likely to gain employment than unhealthy persons. B.All are correct. C.unemployed persons tend to have lower mortality than employed persons. D.exercise on the job causes workers to become healthy and gain years of life.
Answer:
A. healthy persons are more likely to gain employment than unhealthy persons.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Natural Rate of Unemployment (NU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Cyclical unemployment rate (CU).
According to Richard Monson who is an occupational epidemiologist, healthy worker effect is an observation that the number of people that are eligibly employed most likely to have a lower mortality experience when compared with the general population. Thus, employees usually have lower overall death rate as opposed to the general population because persons with terminal (severe) illness, mental imbalance and chronical disabilities are normally exempted from employment.
This ultimately implies that, the healthy worker effect refers to the observation that healthy persons are more likely to gain employment than unhealthy persons.
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:
Current Year Previous Year
Balance Sheet at December 31
Cash $ 33,300 $ 28,250
Accounts Receivable 34,000 27,500
Inventory 40,000 37,500
Equipment 113,500 95,000
Accumulated Depreciation—Equipment (29,000) (24,500)
Total Assets $ 191,800 $ 163,750
Accounts Payable $ 35,000 $ 26,500
Salaries and Wages Payable 1,500 1,650
Note Payable (long-term) 33,500 39,000
Common Stock 85,600 72,100
Retained Earnings 36,200 24,500
Total Liabilities and Stockholders’ Equity 191,800 163,750
Income Statement
Sales Revenue 115,000
Cost of Goods Sold 67,500
Other Expenses 35,800
Net Income 11,700
Additional Data:
Bought equipment for cash, $18,500.
Paid $5,500 on the long-term note payable.
Issued new shares of stock for $13,500 cash.
No dividends were declared or paid.
Other expenses included depreciation, $4,500; salaries and wages, $19,500; taxes, $5,500; utilities, $6,300.
Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash.
Required:
1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
XS SUPPLY COMPANY
Statement of Cash Flows
For the Year Ended December 31
Cash Flows from Operating Activities:
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:
Answer:
XS Supply Company
XS Supply Company
Statement of Cash Flows
For the current year ended December 31
Cash Flows from Operating Activities:
Net Income $11,700
Non-cash expenses: Depreciation 4,500
Changes in working capital:
Accounts Receivable -6,500
Inventory -2,500
Accounts Payable 8,500
Salaries and Wages Payable -150
Net cash from operations $15,550
Investing activities:
Purchase of Equipment -$18,500
Financing activities:
Note payable repaid -$5,500
Issue of common stock 13,500
Net cash from financing $8,000
Net cash flows $5,050
Reconciliation:
Cash in hand, beginning $ 28,250
Net cash flows 5,050
Ending balance $ 33,300
Explanation:
a) Data and Calculations:
Current Previous
Balance Sheet at December 31 Year Year Changes
Cash $ 33,300 $ 28,250 +$5,050
Accounts Receivable 34,000 27,500 +6,500
Inventory 40,000 37,500 +2,500
Equipment 113,500 95,000 +18,500
Acc. Depreciation—Equipment (29,000) (24,500) (4,500)
Total Assets $ 191,800 $ 163,750
Accounts Payable $ 35,000 $ 26,500 +$8,500
Salaries and Wages Payable 1,500 1,650 -150
Note Payable (long-term) 33,500 39,000 -5,500
Common Stock 85,600 72,100 +13,500
Retained Earnings 36,200 24,500 +11,700
Total Liabilities and Stockholders’ Equity 191,800 163,750
Income Statement
Sales Revenue 115,000
Cost of Goods Sold 67,500
Other Expenses 35,800
Net Income 11,700
Additional data:
Purchase of Equipment $18,500
Note payable repaid $5,500
Issue of common stock $13,500
Depreciation $4,500
In the Month of March, Digby received orders of 159 units at a price of $15.00 for their product Drat, and in April receives an order for 40 units of their product Drat at $15.00. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 0 units in March, 159 units in April and 40 units in May. They received payment for 159 units in April, and payment for 40 units in May. How much revenue is recognized on the March income statement from this order
Answer: 0
Explanation:
Accrual accounting method simply means when revenue or expenses are written down and recorded at the time that the transaction took place and not when payment was gotten.
The revenue that is recognized on the March income statement will be 0. This is because the delivery was in April and none took place in March.
Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price standard of $6.50 per gram. In January the company produced 3,900 units using 25,370 grams of the direct material. During the month the company purchased 27,900 grams of the direct material at $6.70 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:
Answer:
Direct material price variance= $5,580 unfavorable
Explanation:
Giving the following information:
The standard price of $6.50 per gram.
During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (6.5 - 6.7)*27,900
Direct material price variance= $5,580 unfavorable
The following is a list of six control plans.
Control Plans
a. Review shipped not billed sales orders
b. Turnaround documents
c. Deposit slip file
d. Procedures for rejected inputs
e. Computer agreement of batch totals
f. Document design
These are followed by a list of five statements describing either the achievement of a control goal (i.e., a system success) or a system deficiency (i.e., a system failure).
Control Goals or System Deficiencies
1. The shipping clerk could not read the quantity picked that had been written on the picking ticket by the warehouse clerks.
2. In a periodic/batch environment, helps to ensure the information system control goal of input completeness of the shipping notices.
3. Helps to ensure that all shipments are billed in a timely manner.
4. Meets the operations system control goal of efficiency of resource use by reducing the number of data elements to be entered from source documents.
5. Provides an "audit trail" of deposits.
Match the five control goals or system deficiencies with a control plan that would best achieve the desired goal or prevent the system deficiency. A letter may be used only once, with one letter left over.
Answer:
1. f. Document Design.
2. e. Computer agreement of batch totals.
3. a. Review shipped not billed sales order.
4. b. Turnaround documents.
5. d. Procedures of rejected input.
Explanation:
The business in todays world has to meet customer demands in order to be successful. It should deliver goods timely and the processing lines should be efficient. The employees should work efficiently and should be able to complete their assigned tasks within time. There should be strict internal controls to avoid errors and frauds. When shipping clerk is unable to read quantity there should be defined document design which clearly shows the quantity in bold on the ticket.
Pick one of the three policies to address pollution that are listed below (these are covered in chapter 15, section 15.3) and describe why you believe it to be the best way to curb climate change. Your choices are:
1. Command and control
2. Pollution taxes
3. Cap and trade You must pick one and you must defend it as the best option.
Answer:
The correct option is the first one: Command and control.
Explanation:
To begin with, all three matters are necessary in order to try to achieve a reduction in the pollution of the planet. However, I do believe that the most important one tend to be the command and control focus due to the fact that the other three will also depend on that matter as well primarily.
So, it is necessary to understand that the "Command and Control" theme refers to the intervention of the government in matters of pollution when it comes to try to protect the environment by regulating the forces of the industry who on purposely damage their work surronding without care. Moreover, this point of view also focus on the control that the laws and regulations have on those companies so that will impact them directly to the way they act.
Assume that a war breaks out abroad, and foreign investors choose to invest more in a large safe country, the United States. Then, the U.S. real interest rate:_________.
Answer:
and net exports will both fall.
Explanation:
The real interest rate can be regarded as rate of interest that is received by an investor or lender after inflation has been allowed, we can describe this with Fisher equation, that real interest rate is regarded as approximately difference of nominal interest rate and the inflation rate. Net exports can be regarded as measure of total trade of goods and services of a particular country. It can be regarded as balance of trade, and this one that remains after deduction of import value of a country from the export value of the country which is been calculated for a particular period.In instance, whereby a war breaks out abroad, and foreign investors choose to invest more in a large safe country, the United States. Then, the U.S. real interest rate and net exports will both fall.
A marketing plan
describes the economic structure of a specific country
focuses on customers' needs and target market
identifies the methods a company will use to produce goods
provides an analysis of a business's strengths and weaknesses
A marketing strategy concentrates on the target market and clients' needs. As a result, choice (B) is appropriate.
What Is a Marketing Plan?An operational document known as a marketing plan describes the advertising approach that will be used by a firm to create leads and connect with its target market. A marketing strategy outlines the public relations (PR) and outreach initiatives that will be carried out over time, along with how the business will evaluate their success.
A business plan, which outlines all of the key components of a company, including its objectives, core principles, mission statement, budget, and tactics, includes a marketing strategy.
Hence, option (B) is accurate.
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Assume Division A has provided the following information regarding the one product that it manufactures and sells on the outside market: Selling price per unit (on the outside market) $ 100 Variable cost per unit $ 65 Fixed costs per unit (based on capacity) $ 10 Capacity in units 30,000 Division A has been offered the opportunity to sell 5,000 units of its only product to another division within the same company. The other division can either agree to a transfer price with Division A or purchase a comparable product on the outside market for $100. If Division A is currently selling 28,000 units on the outside market, what is the range of acceptable transfer prices between the two divisions
Answer:
The range of acceptable transfer prices between the two divisions is:
= $83.20 to $100.
Explanation:
a) Data and Calculations:
Selling price per unit (on the outside market) $ 100
Variable cost per unit $ 65
Fixed costs per unit (based on capacity) $ 10
Production capacity in units 30,000
Current sales capacity = 28,000
Units required by another division = 5,000
New sales capacity = 33,000 (28,000 + 5,000)
Total fixed costs per current capacity = $300,000 ($10 * 30,000)
Total production costs = $2,250,000 ($65 * 30,000 + $300,000)
Product cost per unit with old capacity = $75 ($2,,250,000/30,000)
Additional production capacity required for the internal order = 3,000 (33,000 - 30,000)
New total fixed costs for required capacity = $600,000 ($300,000 * 2)
Total production costs = $2,745,000 ($65 * 33,000 + $600,000)
Product cost per unit with new capacity = $83.20 ($2,745,000/33,000)
Which of the following is a disadvantage of using a percentage-of-sales method to determine the marketing communications budget? A) It assumes competitors know better than the company's own planners. B) It results in high communication expenditures irrespective of what the company can afford. C) It is overly focused on the relationship among communication cost, selling price, and profit per unit. D) It treats sales as what determines communication, rather than as the result of effective communication. E) It is too focused on long-range planning.
Answer:
d
Explanation:
The different methods of determining marketing budget includes :
Percentage of Sales method. - it is usually used by small businesses. it is when a percentage of sales is used to determine the overall budget of marketing communications.
Objective and Task method ; this involves a firm determining it objectives and then estimating the cost of reaching these objectives
Market Share method. - uses its market share to determine its budget
Unit Sales method. - the cost of marketing for one item is determined and then multiplied by the desired sales level
In a graduated tax system,
a. the tax rate says the same regardless of taxable income.
b. the tax rate gets lower as taxable income gets larger.
c. the tax rate gets higher as taxable income gets smaller.
d. the tax rate gets higher as taxable income gets larger
Answer:tax rate gets high the more I come
Explanation:
More money earned means more tax return
Suppose that the spot rate on the Canadian dollar is C$1.40. The risk-free nominal rate in the U.S. is 8 percent while it is only 4 percent in Canada. Which one of the following one-year forward rates best establishes the approximate interest rate parity condition?
a. C$1.355.
b. C$1.344.
c. C$1.278.
d. C$1.456.
Answer:
b. C$1.344.
Explanation:
Calculation to determine Which one of the following one-year forward rates best establishes the approximate interest rate parity condition
One-year forward rates =C$1.40 *[1 + (.04 - .08)]^1
One-year forward rates= C$1.344
Therefore the following one-year forward rates that best establishes the approximate interest rate parity condition is C$1.344
You need a 30-year, fixed-rate mortgage to buy a new home for $235,000. Your mortgage bank will lend you the money at an APR of 5.35 percent for this 360-month loan. However, you can afford monthly payments of only $925, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $925? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Balloon payment
Answer:
$343,995.87
Explanation:
The computation is shown below;
But before that we need to determine the present value
Given that
PMT = $925
I = 5.35% ÷ 12 = 0.4458333%
FV = 0
N = 360
The formula is given below:
= -PV(RATE;NPER;PMT;FV;TYPE)
SO, the PV is $165,647.87
Now The amount of principal still pending is
= $235,000 - $165,647.87
= $69,352.13
Now the balloon payment is
= $69,352.13 × (1 + (5.35% ÷ 12))^360
= $343,995.87
Which of the following would NOT fall
under the work responsibilities of a
Civil Engineer?
A. Being up to date on the newest machinery.
B. Changing the landscape of a main city street.
C. Working in an office behind the scenes of a project.
D. Problem solving where a new road needs to be
placed.
Bridgeport Company has five employees participating in its defined benefit pension plan. Expected years of future service for these employees at the beginning of 2020 are as follows. Employee Future Years of Service Jim 3 Paul 4 Nancy 5 Dave 6 Kathy 6 On January 1, 2020, the company amended its pension plan, increasing its projected benefit obligation by $87,120. Compute the amount of prior service cost amortization for the years 2020 through 2025 using the years-of-service method, setting up appropriate schedules.
Answer:Please see answers in explanation column
Explanation:
Cost per service year = obligation From benefit / Total years of service
Total years of service= 3+4+5+6+6=24
Cost per service year =$87,120/24 =$3,630
Year Jim Paul Nancy Dave Kathy Total × Cost Amortization
2020 1 1 1 1 1 5 × $3,630 $18, 150
2021 1 1 1 1 1 5 × $3,630$ $18, 150
2022 1 1 1 1 1 5 × $3,630 $18, 150
2023 1 1 1 1 4 × $3,630 $14, 520
2024 1 1 1 3 × $3,630 $10,890
2025 1 1 2 × $3,630 $7,260
Total $87,120.
Dose stockholders get one vote for each share they own?
Answer:
Investors with common stock are generally allowed one vote per share they own.
Explanation:
Stockholder voting rights are the privileges granted to shareholders of a company to vote on matters that affect the company, such as the election of directors and the approval of major corporate actions, and to have a say in how the company is run.
Investors who own shares of the common stock of a company usually have shareholder voting rights.
Thus, an investor who owns 1,000 shares of stock may have 1,000 votes to cast.
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when you start your career do careers require you To Move far away depending on The career That your doing
Answer:
It depends on where you applied for that career.
Answer:
It really just depends on what you choose to apply for.
What are the most likely options for Maggie in the
future? Check all that apply.
find a new job that will pay a better income
find out how much flood insurance costs
learn what would be covered by flood insurance
look into buying a new house and brand-new
furniture
decide if the flood insurance costs will benefit her
in the future
Answer:The correct answers are B, C, and E
Explanation:
Got it right on edge 2021
Answer:
bce
Explanation:
Coline has the following capital gain and loss transactions for 2020.
a. Short-term capital gain $6,700
b. Short-term capital loss (2,814)
c. Long-term capital gain (28%) 8,040
d. Long-term capital gain (15%) 2,680
e. Long-term capital loss (28%) (14,070)
After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss?
Answer:
Net short-term capital gain; $536
Explanation:
Calculation to determine the amount and character of Coline's gain or loss
Net short-term capital gain= ([$6,700-$2,814] - [($8,040-$14,070)-$2,680])
Net short-term capital gain= $3,886-$3,350
Net short-term capital gain= $536
Therefore After the capital gain and loss netting process, the amount and character of Coline's gain will be NET SHORT-TERM CAPITAL GAIN of $536
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Those are your only choices
Answer:
A. An interest-bearing IOU
Explanation:
At the end of the current year (before adjusting entries), Autumn Corporation had a balance of $76,000 in Accounts Receivable and a credit balance of $11,000 in Allowance for Uncollectible Accounts. Service revenue (all on credit) for the year totaled $490,000.
Requirement 1:
Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Vacay Corporation estimates its uncollectible-account expense using a rate of 5% of credit sales.
What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
Requirement 2:
Now assume that Vacay Corporation uses the aging-of-receivables method. Vacay Corporation estimates that its Allowance for Uncollectible Accounts should have a credit balance of $27,000.
Calculate the amount of its Uncollectible-Account Expense.
What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
Answer:
?????????
Explanation: