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nordsb [41]
3 years ago
13

Craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts

receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000. if uncollectible accounts are estimated to be 4% of accounts receivable, what is the amount of the bad debts expense adjusting entry?
Business
1 answer:
spayn [35]3 years ago
5 0
<span>$104,500 * 0.04 = $4,180 - $665 = $3,515</span>
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Answer:

The correct answer is the option A: True.

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To begin with, the contracts inside the law are regulated by the Anglo-America common law that defines a contract as the agreement between two or more parties in which they establish the basis and principles of the agreement and the clauses that could cause to end the contract. Moreover, a contract is also part of the civil law and therefore that it does not implicate the public as a whole in any way due to the fact that in order to be a correct contract the parties must accept the bond between only them and nobody else.  

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Given that <span>Heath's company is currently producing 50 units of output. the price of the good is $5 per unit. total fixed costs are $30 and the average variable cost is $8 at 50 units. this company: </span><span>is experiencing an economic profit of $40.</span>
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When the activity level changes, ______. Multiple select question. total variable cost changes variable cost per unit changes to
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When there is a change in activity level, then:

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<h3>What happens when activity level changes?</h3>

As a result of the change in activity level, the variable cost will change in total because it increases when there is an increase in number of units produced.

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Find out more on variable cost per unit at brainly.com/question/26373444.

8 0
2 years ago
Topdog is a toy company, whose profit/sales percentage is 13% in 2015, 16% in 2016 and 20% in 2017. Assuming simple trend, what
elixir [45]

Answer:

25%

Explanation:

Using simple trend, to calculate the predicted sales/profit of 2018, we use;

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we have,

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                                        =  <u>4</u>

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Cheers.

6 0
3 years ago
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I hope it helped you!
8 0
3 years ago
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