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Svetradugi [14.3K]
1 year ago
11

alderwood estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. what is the balanc

e in the allowance for doubtful accounts after bad debt expense is recorded?
Business
1 answer:
gladu [14]1 year ago
7 0

After accounting for bad debt expense, the remaining amount in the allowance for doubtful accounts is $7,950.

<h3>What is bad debt?</h3>

Bad debt, sometimes referred to as uncollectible accounts expense, is a sum of money owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for a variety of reasons, frequently due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency. Depending on accounting practices, regulatory considerations, and the institution provisioning, there are many technical definitions of what a bad debt is. Bank loans in the USA are referred to as "problem loans" if they are more than 90 days overdue. Accounting sources recommend deducting the entire amount of a bad debt from profit and loss or from a provision for bad debts as soon as it is anticipated.

To learn more about bad debt, visit:

brainly.com/question/28138659

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a company currently producing 10 air conditioners each day has daily total costs of $1,500. producing an additional air conditio
pantera1 [17]

If the company produces an additional 11th air conditioners, the daily costs would reach $1750.

A cost is the worth of money that has been expended to produce something or provide a service and is therefore no longer available for use in production, research, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.

A total of $1500 per day is spent producing 10 air conditioners.

$250 is the daily cost of creating an extra air conditioner.

Cost per day total for manufacturing 11th air conditioners

= Daily production costs for 10th air conditioners plus daily production costs for a single additional air conditioner

= $1500 + $250

Therefore, the cost of manufacturing the 11th air conditioner = $1750

To know more about cost, refer to this link:

brainly.com/question/20534030

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5 0
10 months ago
Summarize the effect of credit card interest on thermal cost of items
Mice21 [21]

Answer:

Interest Rates

<em>The first factor is the most obvious: the interest rate. Naturally, a low rate will cost you less—our numbers indicate a $10,000 balance with a 5.9% interest rate will cost $10,637 in total if paid off in 2 years.</em>

<em>That may not sound too bad, but bear in mind that 5.9% interest is extraordinarily difficult to get these days. Even people with excellent credit scores will likely pay “double digit” interest rates of over 10%. And if you’re paying a more typical 12.9% in interest on that same $10,000, you’ll pay a total of $12,797 over the same 2 years.</em>

Hope I Helped

<u><em>From Google</em></u>

3 0
3 years ago
The​ ________ section of the statement of cash flows includes increases and decreases in​ long-term assets.
andre [41]
The investment activities section of the statement of cash flows includes increases and decreases in long-term assets. 

Long-term assets are investment based activities which included equipment used in a business and the building thats built for a business to run in. If you were to sell your long-term assets and make a profit, this would also but included in the investment activities section of the state of cash flows. 
6 0
3 years ago
In 2012, hurricane sandy caused massive destruction to the northeast united states. tens of thousands of people lost their homes
Sonja [21]

In this case, the economy had been suffering from a recession leading to lower output, aggregate demand and real GDP. The government can boost the economy by engaging in expansionary fiscal policy.

Government can implement expansionary fiscal policy by increasing government spending on goods and services, which will directly increase aggregate demand, thus boosting income and real GDP. Alternatively the government can lower tax rate. When individual tax rate falls, personal disposable income rises, increasing consumption demand and aggregate demand. When business tax rate falls, corporate net profits rise, which encourages firms to invest more in expanding their output. Higher investment by corporate firms increase aggregate demand.

7 0
3 years ago
What is the difference between the personal contact model of communicating on the Web and the mass media approach?
stellarik [79]

Answer:

Social media relates to all the technology that makes information sharing possible via the Internet. It is largely based on subject matter that users create and share.

Explanation:

Mass media approach: One-to-many

Personal contact approach: one-to-one.

Difference: Sellers are involved in mass media; buyers exchange information passively. Seller and buyer are both active on PC.

It is also the primary communication means used to meet the vast majority of the population. Newspapers, journals, radio, TV and the internet are the most prominent mass media channels.

6 0
3 years ago
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