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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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A company reports the following information for the year: Net credit sales $ 120,000 Average accounts receivable 20,000 Cash col
Alborosie

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receivable turnover ration = 6

Explanation:

credit sales = 120000

Credit sales =As we know that: Receivables turnover ration = Net credit sales /Average account receivable.

                                 =    120000/ 20000

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it indicates that company convert its receivable to cash 6 times that year.

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3 years ago
An example of a company connecting with customers to add value in its package redesign strategy is Blank______.
kakasveta [241]

An example of a company connecting with customers in its package redesign strategy is creating a resealable package in response to consumer habits.

<h3>What is a redesign strategy?</h3>

A redesign strategy outlines which best practices should be employed first and which should be avoided in order to achieve the goals of the redesign endeavor.

Steps to a successful redesign of business processes:

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  • Give authority to those in charge of processes.
  • Single-source information collection.

In order to build the most effective product, the design strategy applies the tactical thinking of a company strategy to the needs of the user. Through innovative applications geared toward the end user, the convergence of business strategy and design thinking accomplishes long-term objectives.

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