The market interest rate related to a bond is also called the a.stated interest rate b.contract interest rate c.effective intere

Answer:

The following journal entries are provided

Explanation:

June 12, 2021

Rendered services to clients on account for $41,000.

                                    DEBIT        CREDIT

Receivable account    $41,000

Services Revenue                        $41,000

September 17, 2021

Collected $25,000 from clients on account.

                                     DEBIT        CREDIT

Cash                           $25,000

Receivable                                    $25,000

December 31, 2021

Estimate that 45% of accounts receivable by year-end will default.

                                                  DEBIT        CREDIT

Bad debt($16,000x45%)           $7,200

Allowance for doubtful debt                       $7,200

March 4, 2022

Rendered services to clients on account for $56,000

                                    DEBIT        CREDIT

Receivable account    $56,000

Services Revenue                          $56,000

May 20, 2022

Received $10,000 from clients for services rendered in 2021.

                                     DEBIT        CREDIT

Cash                          $10,000

Receivable                                     $10,000

July 2, 2022

Wrote off the outstanding amounts from services provided in 2021.

Calculation: $41,000 - $25,000 - $10,000 = $6,000

                                                               DEBIT        CREDIT

Allowance for doubtful debt               $6,000

Account Receivable                                                 $6,000

October 19, 2022

Received $45,000 from clients for services provided in 2022.

                                   DEBIT        CREDIT

Cash                         $45,000

Receivable                                    $45,000

December 31, 2022

Estimate that 45% of accounts receivable at year-end will not be collected.

                                          DEBIT        CREDIT

Bad debt (w)                     $3,750

Allowance for bad debt                     $3,750

Calculation:

($56,000 - $45,000) x45% = $4,950

Balance in Allowance account at December 31, 2021  = 7,200

Bad debt disposed of                                             = 6,000

Remaining balance                                              = 1,200

Thus, the Allowance for doubtful debt at December 31, 2022 = $4,950 - $1,200

Allowance for doubtful debt at December 31, 2022 = $3,750

Answer:

Because store managers indicate they require immediate access to the company's advertising strategies, it is appropriate for them to contact me via email for this information.

Explanation:

The situation faced by Swazzi is challenging as their new line of sweater vests is not performing as well as expected based on sales projections.

Store managers, engaging directly with consumers at their locations, will surely seek avenues to boost sales, which explains their need for timely advertising information from the company.

Addressing this shortfall necessitates swift responses to the inquiries from both the company and the store managers, highlighting the importance of an efficient communication method.

For smooth correspondence between the company and the store managers, it is advisable for store managers to send their requests via email and receive replies in the same manner.

Answer:

Explanation:

A)

The formula for regression is,

ln(Cell Phone Subscribers) = -820.894 + 0.411704 Year

or,

Percentage of Cell Phone Subscribers = exp(-820.894 + 0.411704 Year)

For the year 2005,

Percentage of Cell Phone Subscribers = exp(-820.894 + 0.411704 * 2005)

= 96.79%

B)

The significance of the slope has a p-value close to 0 (0.000). Hence, the model holds statistical significance and its predictions are very reliable.

-$64000. The calculation of the net total occurs as follows: Direct material = $11.30, Direct labor = $22.70, Variable manufacturing overhead = $1.20, Fixed manufacturing overhead ($24.70 - $21.90) = $2.80. The total relevant cost is derived from the sum of the direct material, direct labor, variable manufacturing overhead, and fixed manufacturing overhead totaling $38.00. The total cost associated with manufacturing is derived from relevant cost per unit multiplied by the number of units plus the opportunity contribution margin lost, calculated to be $1,784,000. The overall cost for purchasing stands at $1,848,000. Thus, the net total equals the total cost of making minus the total cost of buying, amounting to -$64000.

If fixed costs rise, there will be an increase in the required number of units to break even.

The predetermined overhead rate is calculated as follows: $360,000 / 60,000 = $6 for each direct labor hour... The applied overhead for September amounts to $6 multiplied by 9,350, totaling $56,100. Thus, the overhead assigned to production for that month was $56,100.

I hope this information is beneficial, and now you understand how to approach it. Wishing you a fantastic and joyful day! Also, enjoy the remainder of Black History Month!:-)

- Cutiepatutie ☺❀❤