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Strike441 [17]
2 years ago
5

At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000.

Business
1 answer:
pychu [463]2 years ago
7 0

Answer:At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $416 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions. View transaction list 1 Record the estimated bad debts expense. 2 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account 4 Record the cash received on account. Credit Note :· journal entry has been entered Record entry Clear entry View general journal

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Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $6
oksian1 [2.3K]

Answer:

1. 48 dollars

2. 30 dollars

Explanation:

The yearly premium on their homeowner's insurance policy is $600 for the coverage they need.

Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors.The couple can also receive a discount of 5 percent if they install smoke detectors on each floor.

1. What discount will Dave and Ellen receive if they install the dead-bolt locks?

discount for deadbolts =

Discount % x Premium

0.08 x 600 = 48 dollars

b. What discount will Dave and Ellen receive if they install smoke detectors?

discount for deadbolts =

Discount% x Premium

0.05 x 600 = 30 dollars

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3 years ago
Customer value creation is made possible by __________, the practice of building ties to customers based on a salesperson's atte
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Relationship selling, or the concept of Relations Marketing.
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3 years ago
Unilever has a subsidiary in Japan. The valuation of this MNC should
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Answer: increase; appreciate.

Explanation:

A multinational firm is regarded as a firm that's located in different countries. It should be noted that the valuation of this multinational company should

rise when there's an event that causes the expected cash flows from Japan to increase and also when the currency JPY is expected to appreciate. Appreciate her simply means when there's an increase in the value of JPY.

8 0
3 years ago
Thomas is concerned about his company's ability to pay off its short-term debts. If he wants to know more about his company's li
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Answer: d. Calculate his net working capital

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A company's liquidity is shown by the current assets that it has. These assets are to be used to pay off current liabilities as well so in checking for liquidity, it is best to remove current liabilities from current assets as this shows how liquid the company is in that period.

This is what the Net Working Capital is. It is a result of deducting the Current liabilities from the current assets. When Thomas calculates this, he will be able to see how liquid his company is and if he is able to pay off short-term debt and still have enough for other transactions.

5 0
3 years ago
firms that spend the greatest percentage of their revenue on advertising tend to be firms that sell question 30 options: highly-
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The correct answer is highly differentiated consumer goods. Firms that sell extremely differentiated shopper products square measure additional possibility to pay an outsized share of their revenue on advertising.

Excellent competition has the biggest variety of suppliers. A natural monopoly is a happening of monopoly thanks to high fastened and start-up value or use of some technological completely different that keeps the opposite corporations out of the market that the firm that gives electricity to all or any homes contains a natural monopoly.

A natural monopoly exists in a very explicit market if one firm serves that market at a lower value than any combination of 2 or additional corporations.

To learn more about monopoly, visit here

brainly.com/question/599262

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5 0
1 year ago
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