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Pepsi [2]
4 years ago
15

20 POINTS PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!!!

Business
1 answer:
stepladder [879]4 years ago
4 0

Answer:

i think $1 will be okay forthe lowest price at least is something everyone can afford abd the highest pruce will be 2$ cause we will need to raise funds and other materials and alsi love to sell at the highest cause there is other materials and not everyone will wabt to spend such on a candy everyone has things to buy

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The following information relates to a company’s accounts receivable:
Morgarella [4.7K]

Answer:

1. the year-end balance in allowance for uncollectible accounts is $6,680.

2. The bad debt for the year is -$2,320.

Explanation:

1. To calculate the year-end balance in allowance for uncollectible accounts:

First we calculate the Account Receivable which is calculated as thus:

 ==> Account Receivable (ending balance) = accounts receivable (beginning balance) + Credit sales  - cash collected - written off accounts receivable.

==> 300,000 + 1,500,000 - 1,450,000 - 16,000 = $334,000

Therefore the account receivable = $334,000.

Estimated percentage of bad debts = 2%

allowance of uncollectible accounts = Account Receivable x Estimated percentage.

==> $334,000 x 2% = $6,680

Hence, the year-end balance in allowance for uncollectible accounts is $6,680.

2. To calculate the bad debt expense for the year, we use:

allowance of uncollectible acountsl (ending balance) -  [Allowance of uncollectible account (opening balance) - accounts receivables written off)

==> $6,680 - ($25,000 - $16,000)

     = 6,680 - 9,000

     = -$2,320

The bad debt for the year is -$2,320. This is incurred when customers pay for an invoice when it has been written off.

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3 years ago
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4 years ago
With a traditional savings account, you could be charged a fee if:
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If you write a check that doesn't balance out 
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In the AS/AD model, as the price level falls, the holders of money become richer and buy more. This is one reason why the aggreg
ioda

Answer:

True

Explanation:

The statement is true.

Suppose a consumer purchases a bundle of goods, say 40 units with his given money income of $1000.

Now, if there is a fall in the price level of the goods then this will increase the purchasing power of the consumer and hence he will be able to buy more quantity of goods, say 60 units with the same level of money income i.e $1,000.

This illustrates that as the price level falls, the purchasing power of the consumer increases or we can say that holders of money become richer.

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3 years ago
Doloris is a college sophomore. She is currently living in a dorm and signed a contract to pay the dorm fees for the full academ
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