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Arada [10]
1 year ago
15

he Allowance for Doubtful Accounts T-account will have the ______ on the credit side. Multiple choice question. sales on account

estimated bad debts from the adjusting entry write-offs of specific customers sales discounts and allowances
Business
1 answer:
lukranit [14]1 year ago
8 0

The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.

<h3>What is Doubtful Accounts?</h3>

It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."

The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.

Thus, option B is correct.

For more details about Doubtful Accounts, click here:

brainly.com/question/14301375

#SPJ1

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CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the pr
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Answer:

$1,956,684

Explanation:

As the project has a expected annual return, we have to calculate future value of this investment to find how much money Cll, Inc. will have after 10 years to reinvest.

We know,

FV = PV × (1 + i)^{n}

Given,

Present Value, PV = $630,000

Annual rate of return, i = 12% = 0.12

Number of period, n = 10 years

Putting the value into the above formula, we can get,

FV = $630,000 × (1 + 0.12)^{10}

FV = $630,000 × 3.105848

FV = $1,956,684

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3 years ago
Speculator paid $25,000 net each for two 150 front-foot lots. Speculator split them into 3 lots with equal front footage. Specul
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Answer:

The answer is 80%

Explanation:

Profit = revenue - cost of sales

         =[(50* 300) per 50 front-foot lot * 3 lots ] - 25000   *100

         =(45000-25000)/25000    *100

         <u>=80%</u>

5 0
3 years ago
In your opinion which causes of work stress, or organizational stressors, are likely to be among the most common experienced by
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There are four types of organizational stressors: task demands, physical demands, role demands, and interpersonal demands.

For air traffic controllers, task demands are probably the most common organizational stressor that they experience.

Among the task demands, we have the need of quick decisions, critical decisions, and the fact that some information may be incomplete.

The job of an air traffic controller is complex, difficult, requires taking quick, and specially, critical decisions all the time. A bad decision by a traffic controller can be very problematic, and even prove fatal, because of the delicate nature of the job. For all these reasons, air traffic controllers are likely to be subjected to this specific organizational stressor.

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When inspecting a fire extinguisher:
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B because it the right answer there
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Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $420,000; Allowance for Doub
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Answer and Explanation:

The computation is shown below:

a. Amount of adjusting entry for uncollectible accounts

= Estimated balance of Allowance for Doubtful Accounts + debit balance

= $16,400 + $4,000

= $20,400

b. Adjusted balances

For account receivable

= account receivable

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For allowance for doubtful debts

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= Account receivable balance - estimated balance of Allowance for Doubtful Accounts

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