1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
icang [17]
3 years ago
9

Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $25,000. If the

balance of the Allowance for Doubtful Accounts is $8,000 debit before adjustment what is the amount of bad debt expense for that period?a. $25,000b. $8,000c. $33,000d. $17,000
Business
1 answer:
pav-90 [236]3 years ago
5 0

Answer:

c. $33,000

Explanation:

The computation of the bad debt expense is shown below:

= Estimated uncollectible amount + debit balance of allowance for doubtful accounts

= $25,000 + $8,000

= $33,000

To find out the bad debt expense, we have to add the estimated uncollectible amount and the debit balance of allowance for doubtful accounts so that an accurate amount can come.

You might be interested in
Art's at-risk amount in a passive activity was $60,000 at the beginning of 2015. His loss from the activity in 2015 is $80,000,
kupik [55]

Answer:

d. $60,000

Explanation:

As per passive income rules, As stated under Internal Revenue Service is a kind of statement that allows to set off the passive loss as against passive income only.

There is no rule which permits to set it off against ordinary income.

Therefore, the details in the given instance are:

Loss of 2015 = ($80,000)

Income in 2016 = $20,000

Loss at the end of 2016 = ($60,000)

This because from the income in 2016 amounting $20,000 the loss of $20,000 is set off.

7 0
3 years ago
Assume that the price elasticity of demand for movie theatres is -.85 during the evening shows but for afternoon shows the price
geniusboy [140]

Answer:

The correct answer is option B.

Explanation:

A price elasticity of demand is always negative for normal goods. It indicates that the price increase causes demand to fall.

The price elasticity less than 1 means demand is less elastic or inelastic. In other words, a change in price will lead to a smaller change in demand.

Similarly, a price elasticity greater than 1 means demand is highly elastic. So a change in price will lead to a greater change in demand.

Since, afternoon shows have less elastic or inelastic demand, the theatre should charge higher price for them.

While, the evening shows are highly elastic so the theatre should charge lower price.

In this way theatre can maximize total revenue.

4 0
3 years ago
The positive effects of allowing employees to manage workflow is that _______. a. Overall, the level of productivity increases b
Galina-37 [17]
A. overall productivity increases. This is because B and C are both negative things anf the question asks for positive things, and D doesnt make sense since the employees are working more since they are managing work flow, not the managers
6 0
4 years ago
Read 2 more answers
A validation check used to determine if a quantity ordered field contains only numbers is an example of a(n)
11111nata11111 [884]
Here are the answers of the given questions above.
1. The correct answer would be option A. Input control. <span>A validation check used to determine if a quantity ordered field contains only numbers is an example of an input control.
2. The correct answer would be the option A. Batch control totals. Batch control totals </span><span>would assist in detecting an error when the data input clerk records a sales invoice as $12.99 when the actual amount is $122.99.
Hope these answers help.</span>
6 0
3 years ago
(ASAP NEED THIS NOW!)
ra1l [238]

Answer:

B. Cable Television

Explanation:

I'm pretty sure its right sorry if its not

8 0
3 years ago
Read 2 more answers
Other questions:
  • If a building was 750 feet tall how many stories would it have
    5·1 answer
  • What is the Porter's 5 forces model?
    8·1 answer
  • Economic profit can be derived from calculating total revenues minus all of the firm's costs
    15·1 answer
  • A company is considering two similar investment projects. One has an initial cost of $50,000 and the other an initial cost of $4
    8·2 answers
  • Which one of these is not affected by a persons credit score
    5·2 answers
  • The core processes in a value chain must add value for the external​ customers, while support processes
    13·1 answer
  • Which of the following is NOT true of sales force compensation? a. Sales managers often offer rewards or incentives to motivate
    15·1 answer
  • How is time like money? I have to write 3 paragraphs over how time is like money.
    9·1 answer
  • A 15-year, annual coupon bond is priced at $984.56. The bond has a $1,000 face value and a yield to maturity of 6.5 percent. Wha
    6·1 answer
  • Which is not a recognized sector of the U.S. economy?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!