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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.

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Assume that the banking system has total reserves of $100 billion. Assume also that required reserves are 10 percent of checking
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Answer:

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Explanation:

The computation of the money multiplier and the money supply is shown below:

As we know that

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3 years ago
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Answer:

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3 years ago
The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable se
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Answer: True

Explanation:

Variable selling and administrative expenses increase with the number of sales so in order to get them, one needs to multiply the number of sales by the variable and administrative expenses.

This also goes for the budgeted variable selling expenses. To find out these costs, multiply the expected variable and admin expenses by the budgeted number of sales. The amount you get will show the amount of variable expenses to budget based on the sales you budgeted.

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Answer:

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