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kotegsom [21]
3 years ago
12

Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019. For t

he year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement. What amount did Vaughn debit to the appropriate account in 2020 to write off actual bad debts?
Business
1 answer:
Colt1911 [192]3 years ago
8 0

Answer: $19000

Explanation:

From the question, we are informed that Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019 and that for the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement.

The amount that Vaughn debited to the appropriate account in 2020 to write off actual bad debts will be:

= $31000 - ($190000 - $178000)

= $31000 - $12000

= $19000

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Organizations use ______ in conjunction with work breakdown structures to help management teams identify and eventually analyze
olga_2 [115]

Answer:

Risk Breakdown Structure

Explanation:

According to my research on the different techniques or structures used within organizations, I can say that based on the information provided within the question the term being used is called Risk Breakdown Structure. This structure is a pyramid structure which organizes different project risks and arranges them by category.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
The shape of your utility function implies that you are arisk-averse individual, and, therefore, youwould accept the wager becau
Furkat [3]

<u>Solution and Explanation:</u>

As the utility function is concave in shape, so person is risk averse.  Thus, he will not accept the gamvle.

The difference between utility at point A&C = 70 minus 65 = $5, is less than a the difference between A&B = 65 minus 55 = $10

<u>MCQ: </u>

Answer is option a&d  - risk averse people fear a lot for losing money, thus they overestimate the probability of loss

Since, shape of utility function is concave, hence the double derivative of utility with respect to wealth is negative, so utility falls at an decreasing rate , as wealth increases

8 0
3 years ago
The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in
PIT_PIT [208]

Answer:

Here the answer is given as follows,

3 0
2 years ago
Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods ag
Alina [70]

Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods against damage, loss, and pilferage. The document which is applicable here is an A. <u>insurance certificate.</u>

<u />

Explanation:

  • A certificate of insurance is a document used to provide information on specific insurance coverage.
  • The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods
  • Certificate of Insurance is a summary document usually issued by an agent on behalf of an insurer that says a policy has been issued to an insured for a general type of risk.
  • The Certificate is usually issued to a third party who wants some evidence or assurance that a policy has been issued.
  • A certificate of insurance is requested when liability and large losses are a concern.
  • Most commercial leases require the tenant to provide certificates of insurance or other evidence of insurance. Certificates of insurance are typically issued by an agent or broker for the named insured and set forth the coverages written for the insured
5 0
3 years ago
Diana invests $11,000 into two accounts. One account earns 9% interest and the other earns 15% interest. After one year her tota
inysia [295]

Answer:

1.15X + 1.09(11000 - X) = 11000 + 1452

1.15X + 11990 - 1.09X = 12452

0.06X = 462

X = 7700

The answer is

7700

Explanation:

5 0
3 years ago
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