Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $805,000, Allowance for Doubtful Accounts has a debit balance of $7,000, and sales for the year total $3,620,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts.

Answers

Answer 1

If Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $805,000.  the amount of the adjusting entry for uncollectible accounts is  $27,150.

How to find the amount of bad  debts?

a. Amount of bad  debts

Amount of bad  debts = Sales × Bad debts rate

Amount of bad  debts = $3,620,000×0.75%

Amount of bad  debts= $27,150

b. Adjusted balances

Accounts Receivable           $805,000

Allowance for Doubtful Accounts    $20,150

( $27,150- $7,000)

Bad Debt Expense                            $27,150

c. Net realizable value of accounts receivable

Net realizable value of accounts receivable = Balance of accounts receivables  - Allowance for Doubtful Accounts

Net realizable value of accounts receivable =  $805,000-  $20,150

Net realizable value of accounts receivable = $784,850

Therefore the amount of bad  debts is $27,150.

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Related Questions

solve -x+y=6 and 2x+5y=-12 using substitution method

Answers

x=-6 and y=0 are solutions for the equations 2x+5y=-12.

What is Equation?

Two or more expressions with an Equal sign is called as Equation.

Given equations,

-x+y=6...(1)

2x+5y=-12 ...(2)

From equation 1

y=6+x

Now put y value in 2

2x+5(6+x)=-12

2x+30+5x=-12

7x+30=-12

Subtract 30 on both sides

7x=-12-30

7x=-42

Divide both sides by 7

x=-6

Now plug in x value in equation 1

-(-6)+y=6

6+y=6

y=0

Hence, x=-6 and y=0 for the equations 2x+5y=-12.

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The diagram shows a shape with all side lengths measured in centimetres. All the angles are right angles.
Write an expression, in terms of
x, for the total shaded area.

Answers

The expression for the total shaded area is in terms of x is

Area = (x + 5)(x - 3)

How to find the total shaded area

The top side of the diagram shows that the dimension for the shaded area has length = x + 5

The width of the shaded area is x - 3

Area of a rectangle is given by the formula

Area = Length * width

Area = (x + 5) * (x - 3)

Area = x² - 3x + 5x - 15

Area =  x²+ 2x - 15

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HELP ME PLEASE THANKS

Answers

Answer: Answer choice B

Step-by-step explanation:

I WILL GIVE BRAINLY TO WHOEVER HELPS!!


Select all the equations that represent the bar diagram.

Answers

Answer:

A and C

Step-by-step explanation:

What percentage of 2000 is 1200

Answers

The percentage of 2000 that is 1200 is
= 60%

What is [tex]\sqrt{x-3} -\sqrt{x} =3[/tex]

Answers

Answer:No solution

Step-by-step explanation:

The solution of the equation is 4. Once you plug in 4, you will find that it does not fit

1-2 does not equal to 3

9. A water tank is filled at a constant rate.
After 36 minutes, there are 648 gallons of
water in the tank. How many gallons of
water flowed into the tank each minute?
Use the model.
36
כp
648
regist
the upc
has 49 vor
the same nu
voters will

Answers

Answer: 18 gallons

Step-by-step explanation:

648/36 = 18

I need assistance on This question

Answers

Answer: it would be A.

Step-by-step explanation: I did the quiz

9(2n+1) help please brooooooo

Answers

Answer:

18n + 9

Step-by-step explanation:

Distribute 9 into the expression.

9*2n = 18n

9*1 = 9

18n + 9

Sandpiper Company has 25,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

20Y1 $75,000
20Y2 15,000
20Y3 112,500
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places.

Answers

If Sandpiper Company has 25,000 shares of cumulative preferred 1% stock.

Dividends per share for preferred

Year 1 = $3 per shareYear 2 = $4.5 per shareYear 3 = $1 per share

Common stock

Year 1 = $0Year 2 = $1.95Year 3 =$1.75

How to find the dividends per share and common stock?

The arrear $75,000 of unpaid dividends from year 1 will be paid to preferred stockholders in year 2

= ($150 x 1% x 25,000) +$75,000

= ($37,500 + $75,000)

= $112,500      

                          Year 1             Year 2            Year 3

Distributed          $75,000        $15,000        $112,500

Preferred             $75,000       $112,500        $25,000

Common                $0                $97,500      $87,500

Dividends per share for preferred

Year 1 =  $75,000/25,000 shares

Year 1 = $3 per share

Year 2 = $112,500 /25,000 shares

Year 2 = $4.5 per share

Year 3 = $25,000/$25,000 shares

Year 3 = $1 per share

Common stock

Year 1 = 0/ 50,000 shares

Year 1 = $0

Year 2 =$97,500 / 50,000 shares

Year 2 = $1.95

Year 3 = $87,500 /50,000 shares

Year 3 =$1.75

Therefore the dividends per share for preferred is $3 per share, $4.5 per share, $1 per share and the common stock $0, $1.95, $1.75.

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74 % of 315
estimate using the rate per 100

Answers

Answer:

23.4920634921

Step-by-step explanation:

74/315 x 100% = 23.4920634921

Does the table represent a
function? Explain.
x
-3 -2 0 -3 -2
y 9 4 0 -9 -4

Answers

keeping in mind that a function does not have any X-Repeats, that is, the 1st coordinate in every pair never repeats, Check the picture below.

Use the quadratic function to predict y if x equals 7.
y=2x²-3x+3
y=-77
y=-80
y=80
y=77

Answers

Answer: C. y=80

Step-by-step explanation:

1. Based on the given conditions, formulate: x=7

2. Calculate: Substitute   x=7 into y=2x(to the power of) - 3x+3

y=80

3. Then find the correct option: C

Can you guys awnser the questions in the boxes below

Answers

Answer:35 divide by 10.50= 3.33 = 4 hrs

Step-by-step explanation:

I will mark brainliest, kinda urgent

Answers

The quadratic function that models the graph on the image is given as follows:

y = (x - 1)² - 1.

What is the quadratic function?

The features of the quadratic equation given from the graph are given as follows:

The vertex.The y-intercept.

The equation of a quadratic function with vertex (h,k) is defined as follows:

y = a(x - h)² + k.

In which a is the leading coefficient of the function.

From the graph, the coordinates of the vertex are given as follows:

(1,1).

As the vertex is the turning point of the function.

Hence the parameters h and k have values of:

h = 1, k = 1.

Hence:

y = a(x - 1)² + 1.

The y-intercept of the function is of:

y = 2.

This means that when x = 0, y = 2, hence the leading coefficient a is obtained as follows:

2 = a(0 - 1)² + 1

a = 1.

Hence the equation is of:

y = (x - 1)² - 1.

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In an animal rescue facility are 21 animals.14 cats and 7 dogs. During the day 5 animals were adopted.what is the probabity that 3 cats and 2 dogs were adopted? Review ch 7 on probability

Answers

Answer:

0.3756

Step-by-step explanation:

I believe this is a combinatorics probability problem.

We first figure out in how many ways we can choose 3 cats out of 14 cats

Then we figure out how many ways we can choose 2 dogs out of 7 dogs

The total number of ways to select 3 cats and 2 dogs will be the product of these two

We then figure out in how many ways we can select 5 animals out of a total of 21 animals

The product we computed divided by the above number will give the probability

The number of ways we can choose k items out of n items is given by nCk i.e n Choose k

The formula is rather complicated but almost all calculators should be able to compute this given n and k

Let's deal with the selection of 3 cats from the population of 14 cats

This is given by 14C₃ which works out to 364

Number of ways for selecting 2 dogs from 7 dogs = 7C₂ = 21

Number of ways of selecting 5 animals from 21 = 21C₅ = 20349

The probability of selecting 3 cats and 2 dogs is therefore:

[tex]\dfrac{364 \times 21}{20349} = 0.3756[/tex]

That, I believe is the answer. Please let me know if it is correct and if you need more info.

68. A researcher wants to know if the mean
times (in minutes) that people watch their
favorite news station are the same. Suppose
that Table 13.24 shows the results of a
study.
CNN
45
12
18
38
23
35
Table 13.24
FOX
15
43
68
50
31
22
Local
72
37
56
60
51
Assume that all distributions are normal, the
four population standard deviations are
approximately the same, and the data were
collected independently and randomly. Use a
level of significance of 0.05.

Answers

By using the concept of mean and standard deviation, it can be inferred that

The the drug stays in the system for more than 397 minutes

What is mean and Standard Deviation?

Suppose there is a data set and the average of the data set has to be calculated. To calculate the average of the data set, mean is used

To know about Standard Deviation, it is important to know about Variance

Variance is the sum of the square of deviation from mean.

Square root of the variance gives the standard deviation

Given n = 35,

Population mean  = 397

Population Standard Deviation  = 18

Here the sample size is large. So the distribution is approximately normal

To test :

Test statistic t =

                      = 1.97

p value at  = 0.0244

Since 0.0244 < 0.05, the null hypothesis is rejected

So the the drug stays in the system for more than 397 minutes

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given the slope of the line and one point the passage through (2,-1) m=5/4

Answers

Answer:

slope intercept form:

y = [tex]\frac{5}{4}[/tex] x - [tex]\frac{7}{2}[/tex]

Step-by-step explanation:

m = 5/4

x = 2   from the point (2,-1)

y = -1   from the point (2,-1)

y = mx + b

-1 = [tex]\frac{5}{4}[/tex] ([tex]\frac{2}{1}[/tex]) + b

-1 = [tex]\frac{10}{4}[/tex] + b

-1 = [tex]\frac{5}{2}[/tex] + b   Subtract [tex]\frac{5}{2}[/tex] from both sides

[tex]\frac{-2}{2}[/tex] -+ [tex]\frac{-5}{2}[/tex] = b

[tex]\frac{-7}{2}[/tex] = b

y = mx + b

y = [tex]\frac{5}{4}[/tex] x - [tex]\frac{7}{2}[/tex]

Answer:

if you need the equation: y + 1 = [tex]\frac{5}{4}[/tex] (x-2) or y + 1 = [tex]\frac{5}{4}[/tex] x  [tex]-\frac{5}{2}[/tex]

the answer: y = [tex]\frac{5}{4}[/tex] x [tex]-\frac{7}{2}[/tex]  

Step-by-step explanation:

Kind of explanatory you have a slope and a point, your formula is going to be y-y₁ = m(x-x₁)


Ahmed earns $450/week. He receives a 4% increase in pay.

What is Ahmed’s weekly pay after his increase?

Answers

The answer to this question is $468

THE ONE PIECE IS REAL

Answers

Do you need any sort of help sir?

Answer: im going to be king of the pierates

Step-by-step explanation: :)

Find the values of x, y, and z in the triangle.

(Image attached.)

Answers

Y: 2x+9+x=180
3x=171
x= 57

Z: 2x-9+x=180
3x=189
x= 63

X: 180=63+57+c
180= 120+x
60=x

So Y= 57 Z= 63 X= 60

2x-3y=-9
x-5y=-29 solve by substitution

Answers

Answer:x=6

y=7

Step-by-step explanation:

x=5y-29

2(5y-29)-3y=-9

7y=49

y=7

x=5(7)-29

x=6

-6 1/4x= -3 1/8
Whats the value of x

Answers

Answer:

Step-by-step explanation:

-25/4(x)= -25/8

x= -(25/8) X (4/-25)= 1/2

The exponential form of log5 25 = 2 when written exponentially is 25 = 25.

False

True

Answers

Answer: never mind

Step-by-step explanation:

Give the degree of the polynomial.

Answers

Answer: 7

This is a seventh degree polynomial.

Step-by-step explanation:

The degree of the polynomial is the highest exponent.

Step-by-step explanation:

7 is the degree of the polynomial

7 is the highest exponent.

please mark brainliest

pls help me with this question ​

Answers

Answer:

[tex]\frac{13}{30}[/tex]

Step-by-step explanation:

6. The table shows the number of goals scored by a soccer team in 20 matches.

4

1

1

2

2

1

1

3

0

4

0

3

1

2

2

2

3

4

(a) Represent the data on a dot diagram.

(b) Find

(i) the mean,

(ii) the median,

2

(iii) the mode, of the distribution.

3

Answers

a) The dot plot of the data-set is given by the second image shown at the end of the answer.

b - i) The mean of the distribution is of: 1.6 goals.

b - ii) The median of the distribution is of: 1.

b - iii) The mode of the distribution is of: 1 goal.

What are the measures?

The mean is given by the sum of all observations of the data-set, hence it is of:

Mean = (0 x 5 + 1 x 6 + 2 x 4 + 3 x 3 + 4 x 1 + 5 x 1)/20 = 1.6.

The median of the distribution is the middle value of the distribution, which is the value of which half the distribution is less than and half is greater than.

Adding in the frequency table given at the end of the answer, it is found that the middle term is of 1, as the sum of the frequencies reaches 10, which is half of the cardinality of 20, at a number of 1.

The mode is the term with the highest absolute frequency, hence it is also of one goal, as it has the highest absolute frequency, which is of 6.

The dot plot gives a dot to each measure for each time that it appears, hence it says the same thing as the table, in a different format.

Missing Information

The table is given by the first image shown at the end of the answer.

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I need help with this Please been struggling all day

Answers

Answer:  

                 x-intercepts: -0.16 and 3.16

                 vertex: (1.5, 5.5)

Step-by-step explanation:

You have saved $16,000 for a down payment on a house. Your bank requires a minimum down payment of 15%.
What is the maximum price you can offer for a home in order to have enough money for the down payment?

Answers

Take the number, multiply by 100, then divide by the percent.

(16000 x 100) / 15

This equals $106666.67.

Graph the equation. y = -(x-4)^2+4

Answers

use desmos graphing calculator. works like really good.
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