allowance for doubtful accounts has a debit balance of $298 at the end of the year (before adjustment), and bad debt expense is estimated at 2% of credit sales. if credit sales are $886,700, the amount of the adjusting entry for uncollectible accounts is a.cannot determine without more information b.$17,734 c.$17,436 d.$18,032

Answers

Answer 1

The amount of the adjusting entry for uncollectible accounts is $17,436, which is the correct answer. (Option C)

How do you determine the amount of the adjusting entry for uncollectible accounts?

The amount of the adjusting entry for uncollectible accounts can be calculated as follows:

Bad debt expense = Credit sales * Bad debt percentage

= $886,700 * 2%

= $17,734

Allowance for doubtful accounts = Bad debt expense - Allowance for doubtful accounts (before adjustment)

= $17,734 - $298

= $17,436

Therefore, the amount of the adjusting entry for uncollectible accounts is $17,436, which is the correct answer.

To know more about doubtful accounts, visit the link:

brainly.com/question/28944789

#SPJ4


Related Questions

I have $3,000 in credit card debt. If I can pay $150.00 a month, how long will it take to pay it off? My current interest rate is 18%. Remember to include your inputs and round 2 decimal points like we did in module 2.

Answers

Answer:

2 years

Explanation:

Rate = rate per period = 18%/12 = 1.5%

PV = 3,000

PMT = 150

Number of a payment period = NPER(Rate, PMT, -PV, FV)

Number of a payment period = NPER(18%/12, 150, -3000)

Number of a payment period = 23.96 months

Time to payoff loan = 23.96/12

Time to payoff loan = 1.99667

Time to payoff loan = 2 years

According to the video, Industrial Production Managers commonly perform which tasks? Check all that apply.

packaging products for shipping
negotiating with workers and management
maintaining mechanical equipment
reviewing and balancing resources
training assembly workers

Answers

Answer: negotiating with workers and management & reviewing and balancing resources

According to the video, Industrial Production Managers commonly perform the tasks negotiating with workers and management. Thus option (B) is correct.

What is an industry?

An industry can be defined as a group of enterprises or companies or businesses or any entity in the market. An industry is set up by the industrialist to provide goods and services to its customers.

An industry is set up by an industrialist according to the demand of the product in the market. Basically an industry is a profit making enterprise. An industry is an important  for an economy because it gives employment to a large number of people.

According to the video, Industrial Production Managers commonly perform the tasks negotiating with workers and management. Therefore, option (B) is correct.

Learn more about industry here:

https://brainly.com/question/29051569

#SPJ6

Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of managing the store and the employees of the store. Soon, he will take a new position as regional manager for several toy stores. His boss remarked to him last week that he will be utilizing his _____ skills to communicate, coach, and motivate managers who have positions similar to his old position.

Answers

Answer:

human

Explanation:

Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level

So as per the given situation it is a human skills

Esperanza is starting a business by herself as an
illustrator for magazines and children's books. She
isn't concerned with personal liability, but she wants
the business to be easy to set up.

Answers

Answer:

sole proprietorship

Explanation:

The sole proprietorship is the type of business owned and run by a single individual. The owner is a sole trader.  In a sole proprietorship, the owner sources capital by themselves, keeps all the profits, and suffers the losses alone.

A sole proprietorship is the easiest form of business to set up. The only requires to obtain a registration certificate and a trading license from the local authorities. Esperanza should open a sole proprietorship business. Unlimited liability is the biggest shortcoming for a sole proprietorship, but that does not seem to bother Esperanza.

Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E

Answers

The reason why buying a car considered "bad debt"is that It decreases in value over time. option A

What is  bad debt?

The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books,  then things turn to uncollectible and is recorded as a charge-off.

It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases  interest charges increase how the amount that is been paid for the vehicle.  and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.

Hence, option A is correct.

Learn more about bad debt at:

https://brainly.com/question/24871617

#SPJ1

Pharmacy technicians work in pharmacies that can be found where? Check all of the boxes that apply.
hospitals
drug stores
medical clinics
schools
manufacturing labs

Answers

Answer:

could be 3 of those answer choices

-hospitals

-drug stores

medical clinics

Explanation:

Answer:

1 2 3

Explanation:

milena, the vice president of human resources, is working on the problem of restructuring the firm’s compensation plan by using the rational model of decision making. in the first step, she identified the problem of pay and incentives not keeping up with market rates. in the second, step she thought of alternative solutions; and, in the third step, she evaluated alternatives and selected a solution. in the fourth and final, step milena needs to:

Answers

If Milena is using the rational model of decision making, in the fourth and the final step what she has to do is to implement and evaluate the compensation plan chosen.

The rational decision making model can be described as a multiple way of making decisions whereby a choice has to be picked from different choices.

In this last step he has to be analytical, logical and also objective. The best method that she has chosen has to be implemented here. Also she has to carry out an evaluation of her result here too.

Read more on https://brainly.com/question/13652402?referrer=searchResults

four reasons why Corona virus could be harmful to economic growth??​

Answers

Answer:

Employees have to be let go because social distancing is a thing

Businesses are not getting enough customers because of quarantine, which leads to them shutting down

Factories that supply stores are shut down to prevent spread in factory lines

For those with computer jobs, working from home does not give an employee as much freedom with printing or scanning as it does at work, which slows down the completion of assignments and lowering the business`s dependability

The Federal Reserve implemented a series of new policies and tools in response to the 2007-2008 financial crisis and recession. Many economists believe these policies helped avert another Great Depression, but exacerbated what problem in the financial system

Answers

Considering the situation described the many economists believe these policies helped avert another Great Depression but exacerbated the inflation problem in the financial system.

This is because the new policies and tools used to tackle the 2007-2008 financial crisis and recession was based on Keynesian economics.

However, while Keynesian economics concentrates on regulating aggregate demand to solve or prevent economic recessions, it is considered inflationary.

This is because it is believed that these policies encourage lower tax rates and increase the national deficit to ensure there is employment.

However, with more money in circulation, many economists believed it would cause inflation and more income disparity.

Hence, in this case, it is concluded that the correct answer is Inflation.

Learn more here: https://brainly.com/question/20036871

2.which of the following statements best describes a keynesian approach to economics? a)aggregate demand is the most important driving force in the economy, but free-markets have no self-balancing mechanisms that lead to full-employment; therefore, government intervention is often necessary to stabilize an economy. b)politics determines economics, the nature of economics is conflictual, and the main actors are nation-states; therefore, the main goal of economic activity is the maximization of national interest. c)individual freedom to pursue interests/wealth in an open market free of government interference with the role of government to primarily protect property rights. d)resources flow from a periphery of poor and underdeveloped countries (global south) to a core of wealthy states (global north) enriching the latter at the expense of the former. poor countries are systemically locked into this unfavorable situation.

Answers

Option a is correct. The main economic driver is aggregate demand, but since free markets lack self-balancing mechanisms that lead to full employment, stabilising an economy frequently requires government intervention.

A macroeconomic theory known as Keynesian economics examines the total amount of spending in the economy and how it affects production, employment, and inflation. In an effort to comprehend the Great Depression, British economist John Maynard Keynes created it in the 1930s.

The fundamental tenet of Keynesian economics is that economic stabilisation may be achieved by government intervention. Keynes' theory was the first to clearly distinguish between the study of individual motivations and economic behaviour from those of broad aggregate variables and conceptions.

Keynes' theory led him to propose higher government spending and lower taxes as a way to boost demand and rescue the world economy from the Great Depression. Later, the term "Keynesian economics" was used to describe the idea that economic performance could be optimised and economic downturns might be avoided.

Know more about macroeconomic here:

https://brainly.com/question/28489802

#SPJ4

What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.

Answers

Answer: dehydration

Explanation:

Answer:

dehydration and heat exhaustion.

Explanation:

I hope this helps! :)

to test their theories, economists usually have to group of answer choices set up careful laboratory experiments with all variables controlled. use only models that have a proven record of success. anticipate every factor with 100 percent accuracy. first examine theory and what has happened in the past in the real world.

Answers

To test their theories, economists often use statistical analysis and modeling to test their theories. They also typically use historical data and real-world observations to inform their models and validate their assumptions.

Economists aim to use models that have a proven record of success, but there is always some uncertainty and unpredictability in economic systems. Therefore, they must often make assumptions and simplifications in their models, and recognize the limitations of their findings.

Anticipating every factor with 100 percent accuracy is impossible, as there are often unforeseeable external factors that can affect economic outcomes. However, economists can use their models to make informed predictions and identify the most significant factors that are likely to impact economic outcomes.

Finally, economists typically examine theory and past real-world events to inform their research and models. By studying historical data and economic trends, economists can identify patterns and relationships that can help them understand and predict future economic outcomes.

For more such questions on economics

https://brainly.com/question/25745683

#SPJ4

A certain brand of nuts costs $6. 99 for 15. 4 ounces. What is the unit rate? Enter your answer, rounded to the nearest cent, in the box. $ per ounce.

Answers

Unit rate can be defined as the price of one item of a product or service, expressed per unit of measurement. It is calculated to determine the best value for a product. To find out the unit rate of a certain brand of nuts that costs $6.99 for 15.4 ounces, we need to divide the total cost by the number of units of the product.

That is, $6.99/15.4 = $0.45 (rounded to the nearest cent).Therefore, the unit rate of the brand of nuts is $0.45 per ounce.

In conclusion, for every ounce of nuts, it costs $0.45. The formula for finding a unit rate is as follows:

Unit rate = Total cost of the product / Number of units of the product.

Example 1: If a bag of chips costs $3.50 for 7 ounces, $3.50 ÷ 7 = $0.50 per ounce

Example 2: If a gallon of milk costs $4.50, what is the unit rate per quart?$4.50 ÷ 4 = $1.125 per quart.

To know more about Product  visit :

https://brainly.com/question/31815585

#SPJ11

What detail most clearly develops the central idea in the first question you answered?

Group of answer choices


"Plasmodium’s ancestors probably rubbed shoulders with the eggs and larvae of mosquitoes, similarly floating on sun-dappled waters.” (paragraph 7)


“And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2)


"The survivors learned how to withstand the diseases’ ravages, though, and in time both measles and smallpox settled into being unremarkable childhood illnesses. . . .” (paragraph 1)


“The rest of us all do our obscure little part in the drama of life, weaving ourselves deeper into local ecology. . . .” (paragraph 4)


braiiest

Answers

The detail that most clearly develops the central idea in the first question is “And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2).

What can be said of the Malaria pathogen?

The first question has the central idea that the malaria pathogen has not become less deadly over the centuries.

This is proven by the fact that even though humanity has fought the malaria pathogen for thousands of years, it still infects millions every year and leads to the death of almost of million people.

This means that the pathogen is still very strong and has not grown to be less deadly like measles and smallpox.

Find out more on the malaria pathogen at https://brainly.com/question/20113211

#SPJ1

explain the difference between direct and indirect consumption. discuss why each is important to a sports property.

Answers

Direct consumption of sports is when a person makes the decision to attend a live sporting event.

A person engages in direct consumption when they go to a live event. Direct consumption is significant since it produces additional money from parking, concessions, and branded goods in addition to ticket sales. Direct customers also have a tendency to be more active on social media and to follow the team.

They frequently persuade others to go to games. Following the team through media like TV, radio, newspapers, and the internet is known as indirect consumption. When they can't make a game, fans can still support their club through indirect consumption. Additionally, it derives income from broadcast rights and advertising.

Some people may choose not to participate in sports activities because of the expenditures involved, or they may be unable to do so due to other factors.

Sports can be consumed indirectly through interactions with other people, news and entertainment media, and the broadcasting of athletic events.

To know more about consumption, visit:

https://brainly.com/question/13282888

#SPJ4

What does an organization use to manage its operations across several industries and several markets simultaneously? a. Tactical plans b. Distinctive competence c. SWOT analysis d. Business-level strategy e. Corporate-level strategy

Answers

The strategy an organization employs to manage its operations across several industries and several markets simultaneously is called Corporate-level strategy.

What is the Corporate-level strategy?

A corporate-level strategy is a decision made to achieve a competitive and strategic advantage by selecting and managing a diverse set of firms that compete in a variety of sectors or product marketplaces.

A business organization is a business environment where business activities take place.

The three levels of strategy utilized in a business organization are:

Business level strategyFunctional  level strategyCorporate level strategy

Therefore, we can conclude that the Corporate-level strategy is the strategy that an organization employs to manage its operations across several industries.

Learn more about the Corporate-level strategy here:

https://brainly.com/question/24845876

Olivia makes beautiful pottery and wants to be able to sell it, but she does not know where to advertise or which pieces would be most appealing to a buyer. Olivia needs to find someone in the Marketing Research pathway of the Marketing, Sales, and Service career cluster to help her.

Answers

Olivia desires to find any one in the Marketing Research pathway of the Marketing, Sales, and Service profession cluster to assist her. A. True.

What is the marketing research pathway?

The market research pathway includes occupations that collect and analyze unique sorts of statistics to plan new products, to predict future sales, and to position a company's strategies against those of its competitors.

Did you be aware of there are 6 steps in the market research process? While this method speaks immediately to marketing research professionals, the process applies to HR, consumer or schooling surveys as well: Identify and outline the problem.

Learn more about marketing research pathway here:

https://brainly.com/question/15413007#SPJ1

Which of the following are clichés?

Which of the following are clichs?

Answers

Answer:

2nd scentence

Explanation:

Pass with flying colors
Quick as a flash
Easier said than done
First and foremost

Steak on sale at the local grocery store costs $8 per pound. how many dollars would 3½ pounds cost?

Answers

The \(3\frac{1}{2}\) steak on sale would cost $28.

What is a sale?Sales are actions involving the sale of goods or the volume of items sold during a specified time frame. A sale also includes the provision of a service for a fee. When a purchase, appropriation, requisition, or direct engagement with the customer occurs at the point of sale, the seller or provider of the goods or services completes a sale. Title (property or ownership) of the object is transferred, and a price is settled, meaning a price is agreed upon for which the ownership of the item will transfer.

The transaction is often carried out by the seller rather than the buyer, and it may be finished before the debt is due.

As the per pound cost is $8.

\(3\frac{1}{2}\) would cost = \(3\frac{1}{2}\) × 8 = \($28\).

Know more about sale with the help of the given link:

https://brainly.com/question/15375944

#SPJ4

in the budgeting video case discussing personal finance, what did they recommend as a first step in budgeting?

Answers

They suggest in the budgeting video As a first step in budgeting, keep track of your earnings and outgoing costs for one month.

What exactly does budgeting mean?

When a firm creates a budget, it examines its projected earnings (the money it receives from selling goods and services) and expenditures (the money it spends on paying expenses and bills) for a given time period in the future.

Which four types of budgeting are there?

The Four Main Budget Types and Budgeting Techniques. There are four sorts of budgets that businesses typically employ Incremental, activity-based, value-based, and zero-based are the first four criteria.

To know more about Budgeting visit:

https://brainly.com/question/6663636

#SPJ4

​Ernst's Electrical has a bond issue outstanding with ten years to maturity. These bonds have a​ $1,000 face​ value, a 5 percent​ coupon, and pay interest semiminusannually. The bonds are currently quoted at 96 percent of face value. What is​ Ernst's pretax cost of​ debt?

Answers

Answer: 5.52%

Explanation:

Given the following :

Face value (f) = $1000

Bond price(p) = 96% of face value = 0.96 × 1000 = $960

Coupon rate = 5% Semi-annually = 0.05/2 = 0.025

Payment per period (C) = 0.025 × 1000 = $25

Period(n) = 10 years = 10 × 2 = 20

Semiannual Yield to maturity = [(((f-p)/n) + C) / (f + p)/2]

Semiannual YTM = [(((1000 - 960) / 20) + 25) / (1000 + 960)/2]

Semiannual Yield to maturity = [(((40 /20) + 25) / 1960/2]

= (2 + 25) / 980

= 27 / 980 = 0.02755 = 2.755% = 2.76%

Pretax cost of debt = Yield to maturity = 2 × Semiannual yield to maturity

Pretax cost of debt = 2 × 2.76% = 5.52%

Why do some auto insurance customers want medical coverage for their
policies?
A. To help find the best hospital to care for people they injured in a
car accident
B. To keep from having to make a co-pay in case of a minor injury
after an accident
C. To avoid having to pay for hospital bills resulting from an accident
they cause
D. To prevent uninsured motorists from suing them for injuries they
cause

Answers

9514 1404 393

Answer:

  C.  To avoid having to pay for hospital bills resulting from an accident they cause

Explanation:

The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.

Drag the tiles to the correct boxes to complete the pairs. Match the credit types to the examples. Paying by credit card: House mortgage: Student loan: Tiles: Unsecured credit Installment credit Secured credit

Answers

Answer and Explanation:

The matching of the items are as follows

House mortgage = Secured credit

The mortgage of the house would be considered as a secured credit in which the person who takes a loan have to mortgage his property

Student loan = Unsecured credit

This could be considered as an unsecured credit

Paying by credit card = Installment credit

If the amount is paid by the credit card so it would be considered as an installment like emi

The match up are:

House mortgage = Secured creditPaying by credit card = unsecured creditStudent loan is installment credit

What is credit?

Credit is known to be the ability that a person has to borrow money or collect goods or services using a loan.

Note that  The match up are correct and as such:

House mortgage = Secured creditPaying by credit card = unsecured creditStudent loan is installment credit

Learn more about credit  from

https://brainly.com/question/14279491

#SPJ5

How can decision-making skills help me achieve my goals?

Answers

Answer:

Put forward objectives that you need to achieve. To be roused to really accomplish your objectives, they should be founded on the data that you considered during the dynamic interaction. Stage 2: Consider your objectives mindfully to guarantee that they don't negate one another.

Answer:

It helps you be more experienced when it comes to making tough decisions

Explanation:

The reason decision making skills can help you achieve your goals is by making you focus on what you need to do to be able to complete whatever obstacle you need to cross. Imagine you didn't have any decision making skills at all. One day you will come across some sort of situation where you would need to make a decision, for example lets say that you are a manager at an office building and there is an office worker who just doesn't do their job. There is another person who wants to work there and they are more hardworking than the lazy worker but there is no positions available. Your decision making skills would help you decide whether to fire the lazy worker so that the hard worker gets the job, or if you would let the lazy worker keep working there and the lazy worker does nothing productive for the company.

Hope this helps and wasn't too confusing.

) Outline two ways VKW might be affected by increased import controls.​

Answers

Answer:

see below

Explanation:

Increased import control tends to increase the cost of imports. For a business that depends on imports for its raw materials, increased control will have the following effects.

Can delay or halt production. Increase import control may affect the cost of imports and the quantity of material or parts imported.   VKW may be unable to import all the materials it requires for production. This may force it to slow down production before it can get alternative suppliers. Increase in product prices: Imports control might include a rise in import tariff making imports expensive. VKW is likely to increase the price of its products to maintain its profitability.

which form of online speech receives some limited protection under the first amendment?

Answers

The form of online speech that receives some limited protection under the First Amendment is generally considered to be "content-based speech."

Content-based speech refers to the expression of ideas, opinions, and information through various forms of communication, including online platforms. While the First Amendment grants broad protection to freedom of speech, certain types of speech may be subject to restrictions or limitations.

Some examples of content-based speech that receive limited protection include:

Defamation: False statements that harm the reputation of another person.Incitement to violence: Speech that directly encourages or incites imminent acts of violence.Obscenity: Speech or material that is deemed offensive, sexually explicit, and lacks serious literary, artistic, political, or scientific value.Hate speech: Expressions that target individuals or groups based on characteristics such as race, religion, ethnicity, or gender, and may incite discrimination or violence.Intellectual property infringement: Unauthorized use or reproduction of copyrighted material, trademarks, or patents.

It is important to note that the boundaries and interpretations of protected and unprotected speech can vary, and legal frameworks may differ between countries. Additionally, online platforms may have their own content policies that further restrict certain types of speech.

To learn more about “speech” refer to the https://brainly.com/question/25783020

#SPJ11

Rudolph has worked tirelessly for his recent promotion. His efforts demonstrate he values
O courage
o achievement
O compassion
O relationships

Answers

2nd choice, achievement

Answer:

Correct answer is achievement I just did this quiz.

Explanation:

discuss on why each department has a relationship with Fleet Department, how they interact with each other, how this interaction affects the performance of the company, and how we can improve these relationships in regards to increase the productivity.

Answers

The Fleet Department is an essential part of most companies that are involved in transportation or logistics. Every department in the company has a relationship with the Fleet Department because it is responsible for managing all of the vehicles that are used for transportation of goods or people.

The interactions between the Fleet Department and other departments can have a significant impact on the performance of the company.

Sales department: The sales department is responsible for selling products or services to customers. The Fleet Department interacts with the sales department by providing vehicles for sales representatives to use when traveling to meet with customers. This interaction is essential because it ensures that the sales representatives can travel to customers' locations and make sales.

Human Resources department: The Human Resources department is responsible for recruiting, hiring, and training employees. The Fleet Department interacts with the HR department by providing vehicles for new employees to use when they need to travel for training or other work-related activities. This interaction is essential because it ensures that new employees can get to work and training locations without any issues.

Operations department; The Operations department is responsible for managing all of the logistics involved in the transportation of goods or people. The Fleet Department interacts with the operations department by providing vehicles for transportation of goods or people. This interaction is essential because it ensures that the operations department can move goods or people from one location to another efficiently.

In conclusion, the Fleet Department is an essential part of most companies that are involved in transportation or logistics. The interactions between the Fleet Department and other departments can have a significant impact on the performance of the company. To improve these relationships, the Fleet Department should provide well-maintained vehicles that are reliable and fuel-efficient, which will help increase productivity and reduce transportation costs.

To learn more about department, visit:

https://brainly.com/question/32772808

#SPJ11

Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor $216,000 $ 261,000 7 Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 151,000 $ 377,000 $360,000 Inventory balances at the beginning and end of the year were as follows: Beginning $ 50,000 Ending $ 30,000 Raw materials Work in process Finished goods 7 $ 32,000 $ 33,000 The total manufacturing costs added to production for the year were $685,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $662,000; and the net operating income was $37,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. COGS COGM Income Statement Schedule Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses: Check my work Complete this question by entering your answers in the tabs below. Income COGS Statement Schedule COGM Schedule Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold Adjusted cost of goods sold Prepare a schedule of cost of goods manufactured. Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Superior Company Schedule of Cost Goods Manufactured

Answers

Superior Company Income Statement for the year ended December 31
Sales Revenue $699,000
Cost of Goods Sold:
Beginning Inventory (Work in Process) $32,000
Add Cost of Goods Manufactured $665,000
Goods Available for Sale $697,000
Less Ending Inventory (Finished Goods) $33,000
Cost of Goods Sold $664,000
Gross Profit $35,000
Selling and Administrative Expenses $216,000
Net Operating Income $19,000



COGS Schedule:
- Beginning Work in Process Inventory: $50,000
- Add Direct Materials: $261,000
- Add Direct Labor: $151,000
- Add Manufacturing Overhead Applied: $333,000 ($470,000 − $137,000)
- Total Cost of Work in Process: $795,000
- Less Ending Work in Process Inventory: $32,000
- Cost of Goods Manufactured: $763,000
COGM Schedule:
- Beginning Raw Materials Inventory: $7,000
- Add Purchases of Raw Materials: $261,000
- Total Raw Materials Available: $268,000
- Less Ending Raw Materials Inventory: $32,000
- Direct Materials Used in Production: $236,000
- Direct Labor: $151,000
- Manufacturing Overhead: $333,000 ($470,000 − $137,000)
- Total Manufacturing Costs Added: $720,000
- Add Beginning Work in Process: $50,000
- Total Manufacturing Costs to Account For: $770,000
- Less Ending Work in Process: $32,000
- Cost of Goods Manufactured: $738,000
Income Statement:
- Sales: $699,000
- Less Cost of Goods Sold: $664,000
- Gross Profit: $35,000
- Less Selling and Administrative Expenses: $216,000
- Net Operating Income: $19,000

For more such questions on Income Statement

https://brainly.com/question/28936505

#SPJ8

______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

Other Questions
Margo made 2 3/5 pounds of fudge. She gives a third of it to her friend Laney. How many pounds of fudge did Laney get? select all that apply. please i will mark you brainliest. The colonists used mob violence because they did not want to pay high taxes on:teaslavestobaccocoffee Why is it difficult to male level 4 organs in a lab? Solve the equation 12v+10v+14=80 What does the introduction of the Declaration of Independence explain? a The amount of taxes people payb The living conditions of the poorc The natural rights everyone hasd The route from Philadelphia to New York Simplify:a) 8x + 5xb) 9f + 10f- 12f Consider the following compound inequality. X-31A) Solve the inequality for x.B) Graph the compound inequalityC) Enter the solution in interval notation. What research question is most effective? a movie sells tickets for for the cost of 4$ and 6$.there is a total of 75 tickets for a total of 400$,how many tickets were sold MacbethROSS: I dare not speakmuch further;But cruel are the times, when we are traitorsAnd do not know ourselves, when we hold rumourFrom what we fear, yet know not what we fear,But float upon a wild and violent seaEach way and move.What inference can we draw about the situation in Scotland from this passage?The characters are too afraid to speak.Everyone is terrified of Macbeth and what he is going to do next.No one knows about the witches, but they are suspicious.O The events in Scotland are so bad that people cannot trust each other. Helena asked five drama club members in her homeroom how many tickets they had sold. The mean number of tickets sold was 16.Then she took ten random samples from the entire drama club of 75 students. The mean number of tickets sold was 22.5.Compare the means. Is one sample a better representation? Explain why or why not. Find the space inside a rectangle with a width of 8 and a length of 15. I believe that it is B and D but Im not sure. I understand my work, I just need confirmation.Commercial crabbero catch so many blue crabs that the blue crab population decreases.Which two populations are also likely to decrease as a result?A. AlgaeB. OtterC. SnailD. Terrapin false. ferromagnesian minerals, such as olivine and pyroxene, are generally more susceptible (less resistant) to chemical weathering than quartz. this is because ferromagnesian minerals contain iron and magnesium, which are more reactive than the silica in quartz. as a result, ferromagnesian minerals tend to break down more easily when exposed to water and atmospheric gases, leading to faster chemical weathering. The box plot shows the number of home runs hit by 43 players during a baseball season. Which statement best describes the data? How did U.S. policy toward American Indians shift over time?A. From a policy of integration to a policy of separationB. From a policy of war to a policy of alliancesO C. From a policy of enemy nations to a policy of friendly nationsO D. From a policy of removal to a policy of assimilationMost likely (D) Two people are standing on rollerskates. One is more massive than the other. They push against each other and move away. How dotheir velocities compare?O a. they move at the same speedO b. the more massive person moves fasterO c. The more massive person moves slowerO d. the less massive person moves slower A bag with 6 marbles has 2 blue marbles, 1 red marble, and 3 yellow marbles. A marble is chosen from the bag at random. What is the probability that itis not blue? Write 2.0 x 10^-3 in standard notation