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Sidana [21]
3 years ago
8

Rankine Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various age groups

of the accounts. Rankine calculated a total of $8,000 in possible credit losses as of December 31. Accounts Receivable has a balance of $256,000, and the Allowance for Doubtful Accounts has a credit balance of $1,000 before adjustment at December 31. What is the December 31 adjusting entry to provide for credit losses? General Journal Description Debit Credit Answer Answer Answer Answer Answer Answer What is the net amount of accounts receivable that should be included in current assets?
Business
1 answer:
guapka [62]3 years ago
4 0

Answer:

Net amount of accounts receivable that should be included in current assets:

= Accounts receivable - Allowance for doubtful accounts

= $256,000 - $8,000

= $248,000

The journal entry is as follows:

Bad debt expense[$8,000 - $1,000] A/c Dr. $7,000

           To Allowance for doubtful accounts               $7,000

(To record the bad debt expense)

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Answer:

Floating cost adjustment is 3.25%

Explanation:

Flotation-adjusted cost of equity = (Expected dividend at the end of Year 1 / Net proceeds per share) + Growth rate.

Expected dividend at the end of Year 1 (D1) = $ 2.30 (given in question)

Net proceeds per share = (21.30 - 4 % of 21.30) = $ 20.448

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Flotation cost adjustment = Flotation-adjusted cost of equity - Cost of equity without flotation adjustment.

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Prime Computers is a company that sells computers and software. The company has a website that allows customers to post comments
Oliga [24]

Group of answer choices.

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Answer:

B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.

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Customer relationship management can be defined as a strategic process which typically involves combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this set of employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

This ultimately implies that, customer relationship management is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.

Hence, it is very important for Prime Computers to encourage customer feedback on its website and as a policy because most online shoppers (customers) usually engage in an online search in order to see other customer's ratings and reviews of company's product or service before making major purchase decisions.

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