Bad Debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the aging−of−receivables ​method, the​ company's management estimates that uncollectible accounts will be $14,300. What will be the balance of the Allowance for Bad Debts reported on the balance​ sheet?

Answers

Answer 1

Answer:

$14,300

Explanation:

Based on the information given we were told that the​ management of the company estimated that the amount in the uncollectible accounts will be the amount of $14,300 which means that the amount of $14,300 will be the balance of the Allowance for Bad Debts that should be reported on the company balance​ sheet.


Related Questions

What are some benefits to private ownership? Select three answers.Private ownership provides offices for government workers.Private ownership provides land or goods for all citizens to use.Private ownership can make it possible for a business to earn money.Private ownership might help a person move to another economic class.Private ownership allows a person to own goods that may increase in value.

Answers

Answer:

Private ownership can make it possible for a business to earn money

Private ownership might help a person move to another economic class

Private ownership allows a person to own goods that may increase in value.

Explanation:

Private ownership is a type of system that allocates objects and things to a particular individuals to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. Legally, private ownership refers to the ownership of property by non-governmental legal entities. Financial benefits or loss,that may arise from the ownership of the property is left to the owner alone to manage.

Ownership is termed as the state or the fact that the owns the rights and the control over the property or the following asset of the firm or the corporate.

The correct options are:

Private ownership can make it possible for a business to earn money Private ownership might help a person move to another economic class Private ownership allows a person to own goods that may increase in value.

Private ownership is a type of system that allocates objects and things to a particular individual to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. Legally, private ownership refers to the ownership of property by non-governmental legal entities. Financial benefits or loss, that may arise from the ownership of the property are left to the owner alone to manage.

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A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely be suspicious of the new transaction if: no accounting standard exists that applies to the transaction. management has not explained its business purpose. the transaction is not governed by existing regulations.

Answers

Answer:

management has not explained its business purpose

Explanation:

Since in the question it is mentioned that the firm is engaged in the new financial transaction that contains the material impact on the earnings so this represents that it could be come under the pre existed accounting standards.

Also everyone should be aware of the business purpose plus it is not established for changing off the financial statements

So it would be suspicious because the purpose of the business could not be explained

The Occupational Safety and Health Act of 1970 (OSHA): a. prohibits employers from using urinalysis to test employees for drug use on the job. b. applies solely to firms regulated by the Nuclear Regulatory Commission. c. is enforced by the Equal Employment Opportunity Commission. d. requires employers to furnish each employee with a place of employment that is free from hazards.

Answers

Answer:

Health Act

Explanation:

What are the subsidiaries of ViacomCBS?

Answers

Answer:

These are the subsidiaries of ViacomCBS :

Paramount Pictures InternationalParamount Licensing, IncShowtime NetworksNickelodeonMTVComedy CentralBETCBS All AccessPluto TV Simon & Schuster

and more......

Hope it helps

Please mark it as Brainliest.

__________ is greater when the item is a luxury good rather than a necessity, when many substitutes are available, or when the purchase is a relatively big one.

Answers

Answer:

price sensitivity is greater when the items is a luxury good rather than a necessity, when many substitutes are available , or when the purchase is a relatively big one.

generally receive fixed payments regardless of how the firm does, while -Select- earn higher returns when the firm's earnings are higher. Investments in -Select- ventures, that have great payoffs to stockholders if successful but threaten bankruptcy if they fail, create conflicts. In addition, the use of additional -Select- increases stockholder- debtholder conflicts. Consequently, bondholders attempt to protect themselves by including -Select- in bond agreements that limit firms' use of additional -Select- and constrain -Select- actions.

Answers

Answer:

Bondholders generally receive fixed payments regardless of how the firm does, while Stockholders earn higher returns when the firm's earnings are higher.

Investments in risky ventures, that have great payoffs to stockholders if successful but threaten bankruptcy if they fail, create conflicts.

In addition, the use of additional debt increases stockholder- debt-holder conflicts.

Consequently, bondholders attempt to protect themselves by including covenants in bond agreements that limit firms' use of additional debt and constrain manager actions.

If there are too few respondents in the lowest income category, this category may be combined or merged with the next lowest category. This is known as ________.

Answers

Answer: E) Recoding

Explanation:

Recoding refers to the changing of a variable to better suit the needs for which the variable is being collected.

The variable's parameters can be redefined using recoding to either include more information or less so that the result can be more reflective of the situation on ground.

In mixing the lowest income category with the next lowest, recoding would have occurred.

__________ is a view, people calmly and carefully integrate as much information as possible with what they already know about a product, painstakingly weigh the pluses and minuses of each alternative, and arrive at a satisfactory decision.

Answers

Answer:

Information-Processing Perspective.

Explanation:

Information-Processing Perspective is a view, that states that people calmly and carefully integrate as much information as possible with what they already know about a product, painstakingly weigh the pluses and minuses of each alternative, and arrive at a satisfactory decision.

For example, an organization who is solely out there to make profits and expand their business, would make it uses a financial plan such as a yearly budget and proper allocation of its scarce resources.

In keeping with process-oriented definitions of social entrepreneurship; social wealth is defined broadly to include: Group of answer choices

Answers

Answer: Economic, societal, health and environmental aspects of human welfare

Explanation:

In keeping with process-oriented definitions of social entrepreneurship; social wealth is defined broadly to include economic, societal, health and environmental aspects of human welfare.

Social wealth is the aggregate value of resources that an individual has to meet their emotional and social needs.

Factors of production are: the laws that regulate manufacturers. the technological innovations available to companies. the resources used to create output. the waste left over after goods are produced.

Answers

Answer:

the resources used to create output.

Explanation:

Factors of production are the resources used to create output.

They include :

Land : land is all natural resources used in the production process.

Capital - Capital includes all man made resources used in the production process

Labor : all human effort expended in the production process

Entrepreneurship : organizes all other factors of production

There are many activities in marketing that are interrelated and similar in purpose. These activities are referred to as marketing

Answers

Answer:

Functions

Explanation:

The marketing function is a function in which the role of the company is played that helped to identify and analyze the company products that are successful in the market place also it could be promoted in that way that the differentiation could be seen from the same products. It could be promoted with the help of advertising which can be done online or offline mode

Therefore according to the given situation, the marketing functions is to be fitted and the same is to be considered

On August 1, 2018, Kira purchased 100 shares of ITC stock for $5,000. There were no subsequent adjustments to her basis. On August 1, 2019, she sold 50 shares for $1,800. On August 31, 2019, she sold the other 50 shares for $3,400. Kira has a: ___________

a. Short-term loss of $200.
b. Short-term loss of $700 and a long-term gain of $900.
c. Long-term gain of $200.
d. Long-term loss of $700 and a short-term gain of $200.

Answers

Answer:

b. Short-term loss of $700 and a long-term gain of $900.

Explanation:

August 1, 2018, price per share $50

August 1, 2019, sold 50 shares at $36, resulting in a short term capital loss of ($700)

August 31, 2019, sold 50 shares at $68, resulting in a long term capital gain of $900

If you own a stock for 1 year or less, any gain/loss will be considered short term. If you own a stock for more than 1 year, any gain/loss will be considered long term.

Darian has a gourmet cupcake business and needs a website to compete with the other bakeries in his area. He has a Google My Business listing and wants to use the website builder to create a personalized design for his business. What are the steps, in order, for building a website using Google My Business? (List the first step at the top.)

Answers

Answer:

When you claim your business profile on Google, you will find an option of creating a website.

After claiming your profile, sign in to Google my business account.

Select the location you want to manage (if you have multiple locations).

Click on the website menu to create your website on Google.

A website created at Google is suitable for small businesses and would help Darian for its gourmet cupcake business.

Explanation:

When you claim your business profile on Google, you will find an option of creating a website.

After claiming your profile, sign in to Google my business account.

Select the location you want to manage (if you have multiple locations).

Click on the website menu to create your website on Google.

A website created at Google is suitable for small businesses and would help Darian for its gourmet cupcake business.

What are a list of ways a family can provide enrichment for children without elaborate or expensive toys?

Answers

Answer:

Please see below.

Explanation:

Below are some of the list a family can provide enrichment for children without elaborate or expensive toys.

1. A family can gather their children and ask them to sing their favorite songs poems. They can also be taught new songs and poems. By doing this, boredom will be eliminated hence enriches them without necessary buying them expensive toys.

2. A family can ask their children to paint any animals they like whether on papers or plywood in different colours This will enable them to develop their innate drawing skills while making fun of the whole process.

3. The family can as well play a quick game with their children. Some games like arm or thumb wrestle could be fun. There is also clapping games or the children can teach the family the clapping games they learnt at school.

4. Children could be asked to tell a story from favorite story books or the parent could create an imaginary story for them. The whole idea is to keep them busy and make it fun as much as possible.

5. There is also riddles and play and cracking of jokes. Children may be asked to crack jokes, play riddles etc. Parents may as well crack jokes and play riddles for them in order to keep them busy and make them have fun.

6. For children who are already in school, the parents could help them solve their maths home work. They may be asked to solve first, after which corrections will be done for them. They may also be given other maths puzzle to solve, just to make them busy and have fun.

What are some tasks commonly performed in Environmental Service Systems jobs? Check all that apply. inspecting facilities measuring trees sorting recyclable materials using laboratory equipment harvesting natural resources using computers tending animals on a farm planting crops

Answers

Answer:

inspecting facilities, sorting recyclable materials, using laboratory equipment, using computers

Explanation:

Some tasks commonly performed in Environmental Service Systems jobs are inspecting facilities, sorting recyclable materials, using laboratory equipment, using computers.

What does Environmental Service Systems means?

The environmental service systems pathway incorporates occupations associated with water and air contamination control, reusing, garbage removal and general medical problems.

Environmental services incorporate framework services, including sewage, deny removal and sterilization as well as "non-foundation" services, like those connected with air contamination avoidance and alleviation, commotion reduction and the remediation of defiled locales.

Individuals who work in the Environmental Service Systems pathway might be engaged with reusing, water and air contamination control, garbage removal and general medical problems. They use information on science and designing to meet environmental guidelines and foster new strategies to forestall mishaps or risky circumstances.

Therefore Useful services - services intended to consider monetary increases; Removal services - services that address the effect on the regular habitat as it ingests remaining substances.

Learn more about Service here:

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"An investor originally invested $10,000 in a mutual fund. Over the course of two years, the fund distributed $200 of dividends and $150 of capital gains, which have been automatically reinvested in additional shares. The fund is now worth $17,500 and the customer wishes to liquidate his holding. What is the aggregate cost basis of the mutual fund holding?"

Answers

Answer:

$10,350

Explanation:

Given the following :

Original investment = $10,000

Dividend distributed over two years = $200

Capital gains distributed = $150

Both the dividends and capital gains are Reinvested.

The cost basis of the mutual fund would be the the sum of the taxable investment.

This will be the sum of the original investment including the divudend and capital gains received over the two years.

$(10,000 + 150 + 200) = $10,350

If a company uses LIFO to measure its taxable income, the IRS requires that LIFO also be used to measure income reported to investors and creditors.This is know as the

Answers

Answer:

LIFO conformity rule

Explanation:

LIFO stands for Last in, first out and is a method used to account for inventory that records the most recently produced items as sold first. The description provided in this question is known as the LIFO conformity rule. This is a rule that requires all taxpayers that elect to use LIFO for tax purposes to use LIFO exclusively in order to make sure of the income, profit, or loss for the purpose of a report or statement to shareholders, partners, or other proprietors.

There are __________ genetic markers correlated with a salesperson's predisposition or willingness to interact with customers and learn about their problems in order to meet their needs.

a. six
b. two
c. three
d. four
e. five

Answers

Answer:

b. two

Explanation:

There are two genetic markers correlated with a salesperson's predisposition or willingness to interact with customers and learn about their problems in order to meet their needs.

Stimulus Industries Inc. has 2017 total current assets of $14,871,000. Last year the total current assets were equal to $12,462,000. The change in total current assets is a ________ of cash in the amount of ________. Question 10 options: A) source; $14,871,000 B) source; $2,409,000 C) use; $2,409,000 D) There is not enough information to answer this question.

Answers

Answer:

Stimulus Industries Inc. has 2017 total current assets of $14,871,000. Last year the total current assets were equal to $12,462,000. The change in total current assets is a ________ of cash in the amount of ________.

C) use; $2,409,000

Explanation:

A use of cash occurs when the assets for the current period are more in value than the assets of the previous period.  This fact means that a use occurs when an entity uses cash to increase the current assets, for example, from $12,462,000 to $14,871,000.  The opposite will be the case, if the figures are reassigned.  This is one of the ways to identify the use or source of cash when preparing the Statement of Cash Flows.

A student poll on your university web site for athletics asks, "how high do you think the basketball team will finish this year: 1st, 2nd, 3rd, 4th, or 5th?" an article posted a week later reports "students predict basketball team to finish within the top 5 out of 16 teams in the conference." what kind of manipulation occurred here?

Answers

Answer: Biased Scale Lie

Explanation:

A Biased scale lie occurs when research options are given in such a way that the results will be biased. It essentially positions the participants to give information in a certain way so that the results of the research/survey will come out how the researcher wanted.

Here the student poll organizers wanted the poll to reflect that they would be in the top 5 and so acted to make that happen by including no other positions outside the top 5 in the poll.

You find a certain stock that had returns of 13 percent, −20 percent, 21 percent, and 12 percent for four of the last five years. The average return of the stock over this period was 9.3 percent.

Required:
a. What was the stock’s return for the missing year?
b. What is the standard deviation of the stock’s returns?

Answers

Answer: year 5 = 20.5

standard deviation =15.11

Explanation:

YEAR       RETURNS

Year 1        13%

year 2       -20%

year 3        21 %

year 4        12%

year 5      ??

Average return = total returns 0f year 1 to 5/ number of year

year1 + year2 + year3 + year 4 + year 5)/5

9.3% = 13% +-20% + 21%+ 12% +y

9.3% x 5 =26% + y

46.5 -26 =y

y= 20.5= year 5

Standard deviation of the stock's retrurn = ( (x -average mean)2/5))^1/2

Yr               x                x-average mean           x-average mean^2

Yr               x                   x-9.3                              (x-9.3)^2

1            13.00                  3.7                                 13.69

2       - 20.00                 29.3                             858.49

3         21.00                  11.7                               136.89

4         12.00                   2.7                             7.29

5         20.50                   11.2                           125.44

Total                                                                1,141.8

  Standard deviation  =   ( (x -average mean)2/5))^1/2 

=(1141.80/5 )^1/2                  

=228.36^1/2

=15.11

Answer:

Mean = 20.5%Standard Deviation = 16.90%

Explanation:

Missing mean

9.3 = (13 +-20 + 21 + 12 + missing mean)/5

46.5 = 13 +-20 + 21 + 12 + missing mean

Missing mean = 46.5 - 13 + 20 - 21 -12

Missing mean = 20.5%

Standard deviation

Variance

Squared Deviations from mean = (( 0.13 - 0.093)² + (-0.20 - 0.093)² + (0.21 - 0.093)² + (0.12 - 0.093)² + ( 0.25 - 0.093)²) / ( 5- 1)

= 0.1142 / 4

= 0.02855‬

Standard deviation = √0.02855‬

= 16.90%

The neoclassical view holds that long-term expansion of potential GDP due to _______________________ will determine ____________________.

Answers

Answer:

1.  economic growth;

2.  the size of the economy

Explanation:

According to the neoclassical standpoint on issues relating to macroeconomics, it is believed that, over a long period of time, the economy will vary around its potential GDP and its natural rate of unemployment.

Therefore, the size of the economy is defined by potential GDP, and wages and prices will adjust in an intelligent manner so that the economy will move back to its potential GDP level of output.

Hence, The neoclassical view holds that long-term expansion of potential GDP due to ECONOMIC GROWTH will determine THE SIZE OF THE ECONOMY

Developing and applying sound life skills helps build a foundation for a successful carcer in salons and spas
Which life skill is most important for a cosmetologist?

Maintaining a cooperative attitude
b. Delegating work to subordinates
Using standard procedures for all tasks
Working independently
d

Answers

Answer:B

Explanation:

Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid.

a. True
b. False

Answers

Answer:

a. True

Explanation:

The rapid disenrollment refers to the disenrollment to the new plan i.e. taken before and this is to be disenroll within the three months of the enrollment date i.e the date when the new plan is effective. If this condition is fulfilled than the full amount is to be returned back in terms of commission paid

Hence, the given statement is true

Therefore the option a is correct

Suppose Congress enacts investment tax credits to spur more business investment. What impact would this have on the loanable funds market?

Answers

Answer: c) There would be an increase in demand; the demand curve shifts right.

Explanation:

With tax credits on offer, companies would have an incentive to invest more in new projects that can bring money into the company because they know they will pay less taxes on it.

To invest in these new projects they will need capital and will turn to the loanable funds market. This will increase the demand for loans and so shift the demand curve for loans to the right.

The Ole Factory, Inc. sells scented beauty products and personal care items. It is currently offering a promotion in conjunction with the launch of its new consulting business: customers can purchase a Deluxe Beauty Kit for $500, which is the normal retail price for this item, plus get one month's free access to an online Beauty Consultant, which normally costs $40. The free access requires that the customer agree to default auto-renewal, cancellable at any time, with The Ole Factory estimating that the auto-renewal option and the appeal of the service will result in customers, on average, opting for 6 months of paid access to the online Beauty Consultant after the expiration of the free access. For each Deluxe Beauty Kit sold as part of this promotion, how much revenue and deferred revenue should The Ole Factory recognize at the time of sale and how should it be allocated

Answers

Answer:

The answer is "$500 gross revenue for the kit was $463 and for the service, it was $37".

Explanation:

The free access for one month is an online beauty expert who knows how to do his job because Ole Manufacturer markets the product differently as well as the other item included in the kit could be identified separately. It's a particular requirement. If two distinct performance standards were included in the sale, that total profit, as well as the market cost of the property, are assigned.

The product is the deluxe beauty package [tex](\frac{\$ 500}{\$ 540}) \times \$ 500[/tex] for a fixed price of the remuneration or $463 for a week of free access [tex](\frac{\$ 40}{\$ 540}) \times \$ 500[/tex] in revenue  or $37

A decrease in the price of eggs will: Group of answer choices increase the quantity supplied of eggs. increase the demand for eggs. decrease the supply of eggs. increase the quantity demanded for eggs.

Answers

Answer:

increase the quantity demanded for eggs.

Explanation:

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied. there is a positive relationship between price and quantity supplied.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded

So, a decrease in the price of eggs will decrease the quantity supplied and increase the quantity of eggs demanded.

"When working with a client on a real estate sale, a real estate licensee is usually acting as which type of agent?"

Answers

Answer:

Special

Explanation:

A special agent is an agent whose job is limited to performing specific activities for a client and when that is done the relationship ends. According to this, the answer is that when working with a client on a real estate sale, a real estate licensee is usually acting as a special agent because he/she is in charge of selling the real state and when that is complete, the legal relationship is over.

Chris donated securities with a cost of $20,000 and a fair market value of $50,000 to a local civic theater. Chris's tax deduction was limited to $35,000. At what amount should the theater record the securities at the date of donation

Answers

Answer:

$50,000

Explanation:

The theatre should record the securities at the date of donation for $50,000 because for donated securities, they are usually recorded at the fair value upon receipt. Also, for contribution - which is a gift, usually measured at the fair value when received to the not for profit organization , same applies to securities.

Railway Cabooses just paid its annual dividend of $4.70 per share. The company has been reducing the dividends by 12.8 percent each year. How much are you willing to pay today to purchase stock in this company if your required rate of return is 15 percent?

Answers

Answer:

The maximum that should be paid for the stock today is $14.74

Explanation:

To calculate the price of the stock today, we can use the constant growth model of DDM. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under the constant growth model of DDM is,

P0 = D0 * (1+g)  /  (r - g)

Where,

D0 is the dividend todayg is the constant growth rate r is the required rate of return

As the growth rate in this case is negative, so we will enter the negative g.

P0  =  4.7 * (1 - 0.128) / (0.15 + 0.128)

P0 = $14.74244604 rounded off to $14.74

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