An aging of a company's accounts receivable indicates that $8400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $3800 credit balance, the adjustment to record bad debts for the period will require a:_____.
1. debit to Bad Debts Expense for $1,800.
2. debit to Bad Debt Expense for $2,200.
3. credit to Allowance for Doubtful Accounts for $3,000.
4. debit to Bad Debts Expense for $2,000.

Answers

Answer 1

Answer:

Debit to Bad Debts Expense for $4,600

Explanation:

Based on the information given we were told that the company's accounts receivable shows the amount of $8400 which was estimated to be uncollectible which means that If Allowance for Doubtful Accounts has the amount of $3800 as credit balance, the adjustment to record bad debts for the period will require a Debit to Bad Debts Expense for $4,600 calculated as

Bad Debts Expense=Accounts receivable-Allowance for Doubtful Accounts

Bad Debts Expense=$8,400-$3,800

Bad Debts Expense=$4,600


Related Questions

Assume that you hold a well-diversified portfolio that has an expected return of 12.0% and a beta of 1.50. You are in the process of buying 1,000 shares of Alpha Corp at $10 a share and adding it to your portfolio. Alpha has an expected return of 25% and a beta of 2. The total value of your current portfolio is $90,000. What will the expected return and beta on the portfolio be after the purchase of the Alpha stock

Answers

Answer: See explanation

Explanation:

The following information can be gotten from the question:

Value of Investment in alpha = $1000 × 10 = $10,000

Weight of Alpha in the total investment would be = 10%

Then, the expected return would be:

= (12% × 90%) + (25% × 10%)

= (0.12 × 0.9) + (0.25 × 0.1)

= 0.108 + 0.025

= 0.133

= 13.3%

Beta will be:

= (1.50 × 90%) + (2 × 10%)

= (1.50 × 0.9) + (2 × 0.1)

= 1.35 + 0.2

= 1.55

Select the correct answer.
A firm entered into a contract with a construction firm to build a commercial building. However, the construction firm did not follow the design
plans of their client and instead made modifications wherever they thought was necessary, without consulting their clients. This did not go well
with the clients and hence they filed a formal lawsuit in a law court against the construction firm. Which method of dispute resolution did the
firm choose?
A.
mini-trial
B
arbitration
C.
mediation
D.
psychotherapy
Reset
Next

Answers

Choice b would be my choice

Answer:

B. Arbitration

Explanation:

The other answer is correct for plato/edmentum users :)

Liquidity is best defined as the ease of converting an asset into cash. the direct exchange of goods and services for other goods and services. money with no intrinsic value. anything that is accepted in exchange for goods or for the payment of debt. Identify which asset is the most liquid. stock certificate 6 month certificate of deposit real estate checking account

Answers

Answer:

as the ease of converting an asset into cash.

checking account

Explanation:

Liquidity refers to the ease of converting an asset into cash. Cash is the most liquid asset. While assets like real estate are less liquid because it is difficult to convert it to cash as their a lot of processes that must be undertaken before real estate can be converted to cash.

Checking account is the most liquid because it can be easily converted to cash.

Which of the following are established by ASC 280 as "enterprisewide disclosure" standards to provide more information about the risks to a company?
I. Information about dominant industry segments.
II. Information about major customers.
III. Information about geographic areas.
A. Both II and III
B. I, II, and III
C. Both I and II
D. Both I and III

Answers

Answer:

A. Both II and III

Explanation:

As the major customers information and the geographic areas information would be created by the ASC 280 as disclosure of enterprise wide standard that provide the information more related to the company risk. Also it is needed to the public entities to disclose the information with respect to the operating segments i.e. reportable in the finished financial statements set

Therefore the correct option is A.

The Xerox sales force is divided into four geographic organizations: the United States/Canada, Europe, Global Accounts, and Developing Markets. Within each geographic area, the majority of Xerox products and services are typically sold through its
a) distributors.
b) competitor partnerships.
c) order takers.
d) direct sales force.
e) telemarketers.

Answers

Answer:

E)direct salesforce

Explanation:

Direct sales force are those network of distributors that business set up to sell their products for great returns, it involves selling out of business product using non- retailing setting. For instance Xerox sales force is divided into four geographic organizations: the United States/Canada, Europe, Global Accounts, and Developing Markets. Within each geographic area, the majority of Xerox products and services are typically sold through its direct salesforce

A good or service intended primarily for use in producing other goods or services is a ____ product.

Answers

The answer is: BUSINESS.

Wayfarer Company has no debt, and a value of $70.000 million. Adventures Incorporated is otherwise identical but has $28.000 million of debt in its capital structure. Under the different models, what is the value of Adventures Incorporated if its corporate tax rate is 25%, the personal tax rate on equity is 10%, and the personal tax rate on debt is 26%?

Answers

Answer:

Following are the solution to this question:

Explanation:

Please find the complete question in the attachment.

In point 1:

The answer is =70.000

In point 2:

[tex]=70.000+28.000 \times 25\%\\\\=70.000+28.000 \times \frac{25}{100}\\\\=70.000+28.000 \times \frac{1}{4}\\\\=70.000+ 7 \\\\=77.000\\\\=77[/tex]

In point 3:

[tex]=70.000+(1-(1-25 \%) \times \frac{(1-10\%)}{(1-26\%)) \times 28.000}\\\\=70.000+(1-(1- \frac{25}{100}) \times \frac{(1- \frac{10}{100})}{(1-\frac{26}{100})) \times 28.000}\\\\=70.000+(1-1+ \frac{1}{4}) \times \frac{(\frac{ 10-1}{10})}{( \frac{100-26}{100})) \times 28.000}\\\\=70.000+(\frac{1}{4}) \times \frac{(\frac{9}{10})}{(\frac{74}{100})) \times 28.000}\\\\=70.000+(\frac{1}{4}) \times \frac{0.9}{20.72}\\\\=70.000+ \frac{0.9}{82.88}\\\\=70.000+0.01058\\\\=70.01058\\\\[/tex]

How much money did he save by paying

Answers

He saved a lot of money

Drag the tiles to the correct boxes to complete the pairs.
Match each advertising testing method with the scenario that best portrays it.

1. Survey
2. one-on-one interview
3. consumer jury method
4. focus group

Karl has arranged for a discussion summit where a specific target group comes together to discuss a particular ad concept. These people can interact with one another and discuss their opinion about the ad concept. Their impression of the concept will help Karl generate new ideas.

George has created a couple of ads for his company and is exposing these ads to different groups of people. These groups of people will rate the ads. The company will choose the ad that gets the highest rating.

An advertiser individually asked several people some questions that helped the advertiser choose the most suitable media space to reach its target consumer segment. This also helped the advertiser look at its customers’ issues and needs.

A certain number of consumers answered a few questions. The advertiser then aggregated the responses to help generate new ideas based on its target market.

Answers

Answer:

Karl has arranged for a discussion summit where a specific target group comes together to discuss a particular ad concept. These people can interact with one another and discuss their opinion about the ad concept. Their impression of the concept will help Karl generate new ideas. - Focus group

George has created a couple of ads for his company and is exposing these ads to different groups of people. These groups of people will rate the ads. The company will choose the ad that gets the highest rating. - Consumer jury method

An advertiser individually asked several people some questions that helped the advertiser choose the most suitable media space to reach its target consumer segment. This also helped the advertiser look at its customers’ issues and needs. One-on-one interview

A certain number of consumers answered a few questions. The advertiser then aggregated the responses to help generate new ideas based on its target market. - Survey

Explanation:

The answer is -

Karl has arranged for a discussion summit where a specific target group comes together to discuss a particular ad concept. These people can interact with one another and discuss their opinion about the ad concept. Their impression of the concept will help Karl generate new ideas. - Focus group

George has created a couple of ads for his company and is exposing these ads to different groups of people. These groups of people will rate the ads. The company will choose the ad that gets the highest rating. ⇔ Consumer jury method

An advertiser individually asked several people some questions that helped the advertiser choose the most suitable media space to reach its target consumer segment. This also helped the advertiser look at its customers’ issues and needs. ⇔ One-on-one interview

A certain number of consumers answered a few questions. The advertiser then aggregated the responses to help generate new ideas based on its target market. ⇔ Survey

What is the testing of an advertisement?

Ad testing is the process of putting different ads in front of a sample of your target audience and asking for feedback on them. You can run ad tests on an entire ad or specific aspects of it, and collect feedback on anything from how much the ad stands out to how believable they find it.

Learn more about advertisements here: brainly.com/question/25785890

#SPJ2

Net capital outflow measures the imbalance between the amount of a. foreign assets held by domestic residents and domestic assets held by foreign residents. b. foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners. c. foreign assets bought by domestic residents and the amount of domestic goods and services sold to foreigners. d. None of the above is correct

Answers

Answer:

b) the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.

Explanation:

Net capital outflow can be regarded as net flow of invested funds in country abroad by a home country during a particular period of time. It should be noted that the Net capital outflow measures the imbalance between the amount of the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.

You want to buy a new sports coupe for $92,500, and the finance office at the dealership has quoted you an APR of 74 percent for a 60 month loan to buy the car
a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. What is the effective annual rate on this loan? (Do not round intermediate celculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.)
a. Monthly payment
b. Effective annual rate

Answers

Answer:

a) we must first determine the effective interest rate

effective monthly interest rate = APR / 12 = 7.4% / 12 = 0.617%

monthly payment = present value x annuity factor

present value = $92,500

PV annuity factor, 0.617%, 60 periods = 50.024

monthly payment = $92,500 / 50.024 = $1,849.12

b) effective annual rate = (1 + 7.4%/12)¹² - 1 =  0.076562 = 7.66%

A portfolio has 225 shares of Stock C that sells for $42 and 190 shares of Stock D that sells for $33. What is Stock C's weight?

Answers

Answer:

60.11%

Explanation:

Weight of stock C = Value of stock C / total value of portfolio

225 x $42 / (225 x $42) + (190 x $33) = $9450 /15720 = 60.11%

Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $69,000. If $47,000 was sold on account during the year, what were the total collections on account

Answers

Answer:

$30,000

Explanation:

Total collections on account is computed as;

= Accounts receivable at the beginning + Sales during the year - Accounts receivable at the end

Given that;

Accounts receivable at the beginning = $52,000

Sales during the year = $47,000

Accounts receivable at the end = $69,000

Therefore,

Total collections on account

= [($52,000 + $47,000) - $69,000]

= $30,000

plz answer dedo yaar​

Answers

Huh what does that mean

Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of following this advice? To what extent should accountants be involved in producing reports that include more than just financial measures of performance? Why?

Answers

Answer:

If this advice was followed, two systems would result which means higher costs. Accountants must be aware of what is happening in the organization in order to perform correctly. This doesn't mean that only accountants should be involved, but you cannot exclude them.

Accountants are trained in systems development and they should be able to produce reliable information. In order for information to be useful, it must be reliable and relevant. If accountants do not participate in the development of a company's system, then the quality of the information will decrease. Non-reliable information is not useful.

The balance sheet, the statement of cash flows, and the ______________ are three key financial statements prepared by accountants.
Group of answer choices

Answers

Answer:

Income statement

Explanation:

The income statement will provide the company's total Expenses and Revenues within one financial period.

The difference between these expenses and revenues will determine whether the company's operation is considered as profitable in that year. (if the revenue outnumbered the expenses, the company incurred a net profit).

Shareholders use company's typically use income statement to calculate the amount of revenue that they'll obtain from their percentage of shares.

Quality circles have been used successfully to solve product defect problems in U.S. firms.
True
False

Answers

The answer is false happy holidays

In ________, salespeople are independent contractors who not only sell the product, but also recruit additional salespeople.

Answers

Answer:

Multi-level marketing.

Explanation:

A business organization that is run with multi-level marketing strategy typically has 3 sources of income:

- The amount of money that each person have to pay in order to gain the membership status.

- The amount of money that memberships owners have to pay to be a distributor of their product

- The amount of money that they get from the sales of their product.

Most multi-level marketing companies will provide their members with some sort of 'Reward' if they managed to convert other people into purchasing memberships to organization. So, the more their members convert other people, the more wealthy that members will be. This will create a hierarchy like within an organization where the members who bring the most memberships place at the top of the hierarchy.  

Beacon Industries,Inc. thinking about having one of its products manufactured by a subcontractor.Currently , the cost of manufacturing 1,000 units follows :

Direct material $45,000
Direct labor 30,000
Factory overhead (30 % is variable ) 98,000

If Beacon can buy 1,000 units from a subcontractor for $ 100,000 , it should:_______

Answers

Answer:

It is cheaper to buy the product.

Explanation:

Giving the following information:

Production:

Direct material $45,000

Direct labor 30,000

Factory overhead (30 % is variable ) 98,000

Buy:

Total cost= $100,000

I will assume that none of the fixed overhead avoidable. Therefore, we will take into account only the variable overhead.

Total variable production cost= 45,000 + 30,000 + (98,000*0.3)

Total variable production cost= $104,400

It is cheaper to buy the product.

Universities A and B are substitutes in the minds of many college students. Initially the student tuition at each university is the same and far below the equilibrium tuition. Then, the tuition at A is raised and B is not. As a result of a rising tuition at A, some students who would have applied and enrolled in A, apply to B instead. Based on the logic presented in one of the theories discussed in the textbook, we would expect that

Answers

Answer:

the options are missing (see attached image), the correct answer is:

the fourth option: A and B

Explanation:

Since the demand for University B increased, their teachers should be more relaxed, resulting in a decrease of their performance, e.g. less punctual. On the other, the teachers of University A which lost students, should try to increase their performance level, e.g. being more punctual.

The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labor force participation rate would change.

Answers

Answer:

The labor participation rate would not change because it counts the labor force as a percentage of the total adult population, and the labor force includes both the number of people employed and the number of people unemployed, so, even if those working part-time were counted as unemployed by the BLS, they would still be part of the Labor Force.

The labor participation rate formula is:

Labor Participation Rate = (Labor Force / Total Adult Population) x 100

The unemployment rate would indeed change, because it counts the number of unemployed as a percentage of the labor force. If those working part-time were counted as unemployed by the BLS, the number of people unemployed would obviously spike.

The formula is:

Unemployment Rate = (Number of Unemployed / Labor Force) x 100

A lockbox plan is a. used to identify inventory safety stocks. b. used to protect cash, i.e., to keep it from being stolen. c. used primarily by firms where currency is used frequently in transactions, such as fast food restaurants, and less frequently by firms that receive payments as checks. d. used to slow down the collection of checks our firm writes. e. used to speed up the collection of checks received.

Answers

Answer:

Option e. Used to speed up the collection of checks received.

Explanation:

A lockbox plan is most beneficial to firms involved in collections over a wide geographic area. It is also a method or technique to limit/reduce float by having payments sent to local post offices close to the customers. Its system of handling cash receipts is by mail where the customers remit payments directly to the bank.

In cash management, a lockbox plan is used to quickens the rate of collection of checks received.

About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but not firm's cost minimization problems. We can use it to solve both consumer's utility maximization and firm's cost minimization problems. We can use it to solve firm's cost minimization problems, but not consumer's utility maximization problems. We cannot use it to solve any kind of optimization problem.

Answers

Answer:

About the Lagrangian method,

We can use it to solve both consumer's utility maximization and firm's cost minimization problems.

Explanation:

Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints.  Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables.  Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.

A liquidity ratio measures the :___________.
A) income or operating success of an enterprise over a period of time
B) ability of the enterprise to survive over a long period of time.
C) short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.
D) number of times interest is earned.

Answers

Answer:

C. Short term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash

Explanation:

Oftentimes enterprise need cash to meet its daily financially need or business obligations. The ability to meet such daily or short term need is called liquidity ratio.

The primary purpose why enterprises are in business is to make profit, however, its daily operations must continue which will be financed with cash. Liquidity ratio shows that an enterprise is financially buoyant to meet its unexpected needs for cash and also to pay its occurring business obligation.

Which of the following should not be a major consideration when it comes to selecting your career path?


What your parents think you should do

What you are passionate about

What you are naturally good at

What your interests are

Answers

Answer: I believe its : what your interest's are

Explanation:

The Dennis Company reported net income of $50,000 on sales of $300,000. The company has average total assets of $500,000 and average total liabilities of $100,000. What is the company's return on equity ratio?
A) 10.0%.B) 16.7%.C) 12.5%.D) 50.0%.

Answers

Answer:

C) 12.5%

Explanation:

The computation of the return on equity is shown below

Return on equity is

= net income ÷ equity

where,

equity is

= Total assets - total liabilities

= $500,000 - $100,000

= $400,000

Now the return on equity is

= $50,000 ÷ $400,000

= 12.50%

Hence, the return on equity is 12.50%

Therefore the corredct option is c.

Consider an asset with a beta of 1.2, a risk-free rate of 4.4%, and a market return of 12.4%. What is the reward to risk ratio?

Answers

Answer: 8%

Explanation:

Reward to risk ratio = (Expected return - Risk free rate) / Beta

Expected return = Risk free rate + Beta * ( Market return - Risk free rate)

= 4.4% + 1.2 * (12.4% - 4.4%)

= 14%

Reward to risk ratio = (14% - 4.4%) / 1.2

= 8%

can a ledger be prepared manually or by computer?

Answers

Manually

Drawing the Form – Get pen and paper, start drawing the ledger account.
Posting transactions from journal to respective ledger account.
Folioing – Put the page number for a journal entry on the ledger account’s folio column.
Casting – Separating debit and credit amount.
Balancing – find the difference between debit and credit to get debit or credit balance of the account.

Kevin bought 205 shares of Intel stock on January 1, 2020, for $52 per share, with a brokerage fee of $105. Then, Kevin sells all 205 shares for $76 per share on December 12, 2020. The brokerage fee on the sale was $155. What is the amount of the gain/loss Kevin must report on his 2020 tax return

Answers

Answer: $4660

Explanation:

Firstly, we need to calculate the amount that Kevin realized on the shares which will be:

= (205 × $76) - $155

= $15580 - $155

= $15425

The purchase value will be calculated as:

= (205 × $52) + $105

= $10660 + $105

= $10765

Therefore, the gain that Kevin must report on his 2020 tax return will be:

= $15425 - $10765

= $4660

Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $218,000. Over the years, Jessica had made $21,800 of nondeductible contributions and $69,000 of deductible contributions to the account. If Jessica receives a $68,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?
and its not 51000

Answers

Answer:

The amount of the distribution that is taxable is $61,200.

Explanation:

The following are given in the question:

Balance in IRA = $218,000

Nondeductible contributions = $21,800

Amount of distribution received = $68,000

Therefore, we have:

Nondeductible portion = Nondeductible contributions / Balance in IRA = $21,800 / $218,000 = 0.10

Taxable portion = 1 - Nondeductible portion = 1 - 0.10 = 0.90

Taxable amount = Taxable portion * Amount of distribution received = 0.90 * $68,000 = $61,200

Therefore, the amount of the distribution that is taxable is $61,200.

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