All categories

2 years ago

Read the sentence.

Business

1 answer:

sasho [114]2 years ago

4 0

Answer:

The words aren't bolded, so it is difficult to know what kind of phrase and it is difficult to help you.

Explanation:

You might be interested in

What can you do to figure out how much you can afford when buying a car?

GuDViN [60]

You can check your credit and you can us it for the car u want ,

5 0

3 years ago

During the current year, Adams Assembly, Inc., recorded credit sales of $1,300,000. Based on prior experience, it estimates a 1

OleMash [197]

Answer:

a. Debit Allowance for doubtful debt $4,000

Credit Accounts receivable. $4,000

Being entries to write off debt that had been provided for.

b. Debit bad debit expense $13,000

Credit Allowance for doubtful debt $13,000

Being entries to record bad debt expense for the current year.

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales.

Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt.

Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Bad debt = 1% * $1,300,000

= $13,000

3 0

3 years ago

On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the

worty [1.4K]

Answer:

b. $1750

Explanation:

Provided that

Sale of the company = $87,500

Credit terms = 2% if payment is received within 10 days and the prescribed time limit is 30 days

The amount of the sales discount would be

= Sale of the company × discount percentage

= $87,500 × 2%

= $1,750

We simply multiplied the sale of the company with the discount percentage so that the sales discount could come

6 0

3 years ago

(8 points) The following information relates to the Windsor Company.DateEnding Inventory(End-of-Year Prices)PriceIndexDecember 3

ad-work [718]

Answer:

Windsor Company

year Inventory Indexes Inventory Change from prior y

at year prices at base year price

2013 $63,500 100 63,500 -

2014 105,434 119 88,600 25,100

2015 113,446 131 86,600 (2000)

2016 128,792 136 94,700 8,100

2017 118,158 141 83,800 (10,900)

Dollar Value Inventory

Dec 31 , 2013 $63,500 at 1.00 $63,500

Dec 31, 2014 $63,500 at 1.00 $63,500

25,100 * 1.19 29,869

93,369

Dec 31 2015 $63,500*1.00 63,500

23,100*1.19 27,489

90,989

Dec 31, 2016 $63,500*1.00 63,500

23,100*1.19 27,489

8,100*1.36 11,016

102,005

Dec 31 , 2017 $63,500*1.00 63,500

20,300*1.19 24,157

87,657

Explanation:

7 0

4 years ago

Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on Janu

Romashka [77]

Answer:

D) $32,624,514.

Explanation:

Installments (A) = $10,070,000

Principal due (B) = $39,169,279

Interest Payment (C) =B x 9% = $39,169,279*9%

Interest Payment (C) = $3,525,235

Principal Payment (D) = A - C

Principal Payment (D) = $10,070,000 - $3,525,235

Principal Payment (D) = $6,544,765

Total Due (E) = B - D

Total Due (E) = $39,169,279 - $6,544,765

Total Due (E) = $32,624,514

So, after the first payment was made, the note payable liability on December 31, 2016 is closest to $32,624,514

7 0

3 years ago