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Kisachek [45]
2 years ago
7

Conroy Company uses the allowance method to account for bad debts. During the year, Conroy determined that a balance of $200 fro

m Alegia Co. was uncollectible and wrote the balance off. What is the total decrease to net income related to this entry
Business
1 answer:
navik [9.2K]2 years ago
5 0

Because the balance of $200 from Alegia Co. was uncollectible and wrote off, then, the total decrease to net income related to this entry will be $0

<h3>What are Uncollectible debt?</h3>

An uncollectible debt also called an accounts uncollectible refers tp receivables, loans or debts that have no chance of being paid.

In conclusion, the total decrease to net income related to this entry will be $0 as the balance of $200 from Alegia Co. was uncollectible and wrote off.

Read more about uncollectible debt

<em>brainly.com/question/24871617</em>

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Nvm why doesn't it let you delete a question bruh
soldier1979 [14.2K]

Answer:

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4 0
3 years ago
Read 2 more answers
Ferris owns an apartment in an apartment complex. The apartment-complex rules require the owner of each apartment to maintain it
lara31 [8.8K]

Answer:

Correct option is (d)

Explanation:

Creditor beneficiary is a party who is entitled to enjoy the benefits of the contract that has been put in place. They are not actively involved in the contract but are entitled to receive the benefit of contract executed by the promisor.

In this case, Erica is a third party creditor beneficiary for whom Ferris is legally obligated to perform his duties as the rules require owner to maintain the apartment which Ferris failed to oblige. So, Ferris breached contractual obligation to her.

3 0
4 years ago
Sydney purchases a newly issued, two-year government bond with a principal amount of $10,000 and a coupon rate of 6% paid annual
olga55 [171]

Answer: $10095

Explanation:

First, we'll calculate the present value which will be:

= 600/(1+5%) + 600/(1+5%)² + 10000/(1+5%)²

= 600/(1+0.05) + 600/(1+0.05)² + 10000/(1+0.05)²

= 600/(1.05) + 600/1.1025 + 10000/1.1025

= 571.43 + 544.22 + 9070.30

= 10185.95

Then, we'll deduct the first coupon gotten. Thai will be:

= 10185.95 - 571.43

= 9614.52

Then, the price that Sydney will receive for his bond if newly issued will be:

= $9614.52 × (1+5%)

= $9614.52 × 1.05

= $10095

6 0
3 years ago
"Plain" and "ordinary meaning" refer to
SpyIntel [72]

  • B void contracts

hope it helps

<em>#</em><em>c</em><em>a</em><em>r</em><em>r</em><em>y</em><em> </em><em>on</em><em> learning</em>

6 0
3 years ago
A(n) _____ is a program that provides counseling and other help to employees having emotional, physical, or other personal probl
NeTakaya

An Employee Assistance is a program that provides counseling and other help to employees having emotional, physical, or other personal problems.

<h3>What are the main aims of employee assistance Programmes?</h3>

The primary goals of employee assistance programs In order to

a) change the company culture;

b) address team and individual performance; and

c) promote workplace well-being.

d) To draw employees' attention to the organizational power structures.

Employee assistance programs, or EAPs, offer short-term, confidential counseling for workers who are experiencing personal issues that are affecting their ability to do their jobs. Industrial alcoholism programs from the 1940s were the precursor to EAPs.

Learn more about Employee Assistance Programmes here:

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4 0
2 years ago
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