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
This is not an effective use of wikis.
Cerrena [4.2K]
The answer should be B) Online Conversation.

Why is it B) U may ask? Its B) because Wikipedia is a site with false answers because ANYBODY, I mean ANYBODY, can just edit it themselves with probably true information, or even MORE likely false because anybody can change the stuff on there.
5 0
3 years ago
Read 2 more answers
Points represent
Burka [1]

D. Monthly payments

8 0
3 years ago
The adjusting entry to record accrued revenue a.differs from the journal entry to record revenue on account. b.includes a debit
motikmotik

Answer:

D.

Explanation:

To accrue means to grow or to accumulate over time. In accrual accounting, if the revenue recognition criteria are met in the current period, revenue will need to be accrued in the current accounting period even if cash will not been received until a later accounting period.

Accrued revenues is a type of account that require adjustment, to register the unrecorded revenues that have been earned and for which cash has not yet to be received.

The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue. If the sale is for cash, debit cash instead. The revenue earned will be reported as part of sales revenue in the income statement for the current accounting period.

It is the same for accrued revenue and for revenue on account.

8 0
3 years ago
Ahmad owns an apartment building and has recently had to lower the rent he charges, not only to attract new tenants but also to
Yanka [14]

Answer: Interest rate risk

Explanation:

Interest rate risk is described as the potential for investment loss which result from a change in interest rates. The increase in interest rate declines tell value if a bond or other fixed-income investment, the change that occurs in these bond price is known as duration. Generally, it is the risk that arises for bond owners from fluctuating interest rates. The interest rate risk of a bond depends on how sensitive it's price is to interest rate changes in the market

5 0
3 years ago
The __________ Rate is the interest rate the Fed charges banks and thrifts to borrow to meet the reserve requirement.
adoni [48]

Answer:

Federal funds rate

Explanation:

The federal funds rate is the interest rate at which depository institutions (banks and thrifts) lend reserve balances to each other to meet reserve requirements.

Reserve requirements are the amount of funds required by the central bank  that banks should keep as reserves to meet liabilities

the Federal funds rate is currently  maintained at a range of 0% to 0.25%

5 0
2 years ago
Other questions:
  • Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a
    12·1 answer
  • The manager of the Beach Division of Treat Time is evaluating the acquisition of a new mobile ice cream server. The budgeted ope
    9·1 answer
  • At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It w
    11·2 answers
  • Weatherall Enterprises has no debt or preferred stock¾it is an all-equity firm¾and has a beta of 2.0. The chief financial office
    7·1 answer
  • The ""simple ranking"" method for evaluating RFPs assigns an additional value to the rating scale to take into account the relat
    7·1 answer
  • Sometimes a risk assessment report is prepared for a specific IT project at the request of the project manager, either because i
    14·1 answer
  • Sam is a retiree with considerable resources, so he doesn't really spend much time on purchase decisions. His belief is that the
    14·1 answer
  • Gerald's tire store sets itself apart from competitors by the extra attention it pays to providing fast, courteous service in a
    6·1 answer
  • Which graph represents the ownership of community hospitals? A pie graph shows three types of ownership. In order from greatest
    9·2 answers
  • A goal taking which of these lengths of time to achieve is most likely to be a
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!