1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Korolek [52]
3 years ago
8

Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r

espectively. During Year 2, Allegheny wrote off $7,200 of Uncollectible Accounts. After aging its receivables, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $6,000. What will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement?
Business
1 answer:
Nadya [2.5K]3 years ago
5 0

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

= Ending balance + write off balance - opening balance

= $6,000 + $7,200 - $3,900

=$9,300

The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.

Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

You might be interested in
____ refers to how the organization meets goals and deals with outsiders
Paraphin [41]
External adaptation, hope that helps!
8 0
3 years ago
Read 2 more answers
Broker rob believes he is being approached by a fair housing tester. what should rob do?
jeka57 [31]

Broker Rob appears to believe he is being contacted by a housing discrimination tester.

Rob will treat them all equally and will not contravene any fair housing laws. Direct the party to the best-fitting neighborhood for him or her.

<h3>What questions about the neighborhood does John ask the real estate agent?</h3>

Asian man John meets with a real estate agent to talk about buying a home for his family. The broker asks John whether he is certain that his family will feel at home in the neighborhood once John identifies it.

<h3>What is the LGBTQ housing fair housing laws?</h3>

Housing discrimination on the basis of race, color, national origin, religion, sex, familial status, and disability is illegal under the Fair Housing Act. LGBTQ person who has suffered (or is about to experience) discrimination on the basis of one of these grounds may submit a complaint with HUD.

<h3>What ought to be on display in each broker's office, Randy?</h3>

Broker Randy operates three branch offices in addition to his main brokerage site. A poster for equal housing opportunity A color picture of Randy and a license copy an indication that any commercials released by Randy's agent are not his responsibility.

Learn more about LGBTQ:

brainly.com/question/14561298

#SPJ4

4 0
1 year ago
The Aztec civilization also had a school for a few select young women to become priestesses where they learned to weave and deco
Vladimir [108]

Answer:

True

Explanation:

The women become priestesses in a school, where they learned to weave an decorate costumes.

3 0
2 years ago
Riggs Company purchases sails and produces sailboats. It currently produces 1,300 sailboats per year, operating at normal capaci
mr_godi [17]

Answer:

The president of Riggs has missed something.

She should make the Sail instead of buying because its cheaper to manufacture than purchasing it outside.

Explanation:

<u>Cost of Manufacturing the Sails:</u>

Direct materials        $93

Direct Labor              $83

Total                         $173

The president of Riggs has included the $90 overhead  based on $78,000 of annual fixed overhead that is allocated using normal capacity in the cost of manufacturing the sail which is incorrect.

Riggs Company is operating at 80 % of full capacity, hence utelizing the 20% excess capacity would not expand its fixed costs.

Thus said the current fixed cost are irrelevent for this decison and would be incurred whether or not Riggs Company utilizes the excess capacity

<u>Conclusion:</u>

The cost of making the sail is $173 which is lower than the cost of buying them at $ 258.

I would advise The president of Riggs to make the sail by utilizing the excess capacity since its cheaper than purchasing it outside.

5 0
3 years ago
Read 2 more answers
Suppose a competitive market is comprised of firms that face identical cost curves. The firms experience an increase in demand t
Verdich [7]

Answer:

(i)New firms will enter the market.

(iii)In the long run, all firms will be producing at their efficient scale

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market price is set by the forces of demand and supply.

If firms are earning positive profits, in the long run new firms would enter into the industry and this woold drive positive profits to zero. As a result , firms would be operating at the efficient scale.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
Other questions:
  • Diagraphs are voiced combinations of two or three consonants
    15·1 answer
  • After a hurricane in florida destroys half of the orange crop, economists predict:
    14·1 answer
  • Define present value.a. The present value is the value today of a sum of money to be received in the future and in general is le
    15·1 answer
  • Consider a profit-maximizing firm in a competitive industry. Under which of the following situations would the firm choose to pr
    13·1 answer
  • Your grandmother has promised to give you $10,000 when you graduate from college. If you speed up your graduation by one year an
    10·1 answer
  • What are the functions and duties of a commission agent?
    8·1 answer
  • the selling price of a product is $20 and the markup is $4 what percentage of the selling price does the markup represent a 20%
    6·2 answers
  • When money loses some of its value over time it is caused by:.
    6·1 answer
  • How do interest and fees impact your credit purchase
    5·1 answer
  • cash equivalents: multiple choice are readily convertible to a known cash amount. include investments due in twenty months. incl
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!