El Niño wind patterns affected the weather across the United States during the winter of 1997–1998. Suppose the demand for home

Answer:

$830,000

Explanation:

For the month of January, Ultra Co.'s inventory details are:

Date               Units   Unit total      Cost per unit     Total cost   

January 1             20,000           $260,000       $13        

January 20          30,000           $710,000         $15        

January 23          40,000           $1,390,000       $17      

January 31          (50,000)         ($16.60)    ($830,000)

Ending inventory                     40,000                     $560,000

Applying the last-in, first-out (LIFO) method, COGS equals (40,000 units x $17) + (10,000 units x $15) = $680,000 + $150,000 = $830,000.

Response:

A. Report if you’ve been placed on any state or federal exclusion list

Clarification:

While employed within an organization, certain responsibilities concerning compliance, integrity, and honesty are present, including but not limited to:

1. Reporting if they find themselves on a state or federal exclusion list, inclusive of the Officer of Inspector General (OIG) and the General Service Administration (GSA)

2. Promptly report any criminal offense if convicted, except for minor traffic violations

Convictions do not pertain to the following:[

a. Arrests or charges

b. Dismissed judicially

c. Felony convictions, which also entails controlled substance offenses must always be reported

thus, the correct selection is a.

Answer:

Which journal entry did Pincus make to account for uncollectible accounts in 2021?

During 2021, the company identified $10,800 as uncollectible accounts.

Dr Allowance for Uncollectible Accounts $ 10,800

Cr Accounts Receivable $ 10,800

And how is the bad debt expense recognized for 2021?

Pincus predicts that 5% of the accounts receivable as of 12/31/2021 will not be collected.

Dr Bad Debt Expense $ 1,520

Cr Allowance for Uncollectible Accounts $ 1,520

Explanation:

Pincus rendered services totaling $268,000 on credit.

Dr Accounts Receivable $ 268,000

Cr Sales $ 268,000

In 2021, $10,800 was identified as uncollectible accounts.

Dr Allowance for Uncollectible Accounts $ 10,800

Cr Accounts Receivable $ 10,800

Using the allowance method for bad debts, when an account is written off, the company records a debit to the Allowance for Uncollectible Accounts previously estimated, and a credit to accounts receivable to adjust the accounts receivable balance.

By year-end 2021, cash collected from accounts receivable amounted to $226,800.

Dr Cash $ 226,800

Cr Accounts Receivable $ 226,800

REMAINING BALANCE

Dr Accounts Receivable $ 30,400

Pincus assesses that 5% of the accounts receivable at 12/31/2021 will be uncollectible.

Dr Bad Debt Expense $ 1,520

Cr Allowance for Uncollectible Accounts $ 1,520

Answer:

public relations

Explanation:

Looking at the details provided in the question, it can be concluded that this situation exemplifies public relations. This concept pertains to a company's ability to control the dissemination of information between itself and its customers. Various media types serve to facilitate this communication, including billboards and social media, as noted in the question.