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grin007 [14]
3 years ago
12

XYZ Company uses an allowance method to account for bad debts. It estimates that 5% of the accounts receivable will be uncollect

ible. At the end of the year, there is an accounts receivable balance of $750,000, and a debit balance in the Allowance for Uncollectible Accounts of $9,000. What is uncollectible accounts expense for the reporting period?
Business
1 answer:
Papessa [141]3 years ago
8 0
Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
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Which one of the following is a working capital decision?A. How should the firm raise additional capital to fund its expansion?B
svetoff [14.1K]

Answer:

The correct answer is letter "E": How much cash should the firm keep in reserve?

Explanation:

Working capital decisions imply working in capital cycles. They take into consideration interest rates, debtors management, and the company's financing in the short run. The working capital decisions also ensure that the organizations have enough cash to pay its bills and determine how much of the cash flow should be stored in the firm's reserve.

4 0
3 years ago
According to the GLOBE project, which of the following are most likely to view the terms "leader" and "manager" negatively? the
Genrish500 [490]

Answer:

Mexicans

Explanation:

According to the GLOBE project and Hofstede's cultural dimensions, Mexico falls under category of high power distance, whose culture is more based on collectivism. Leaders in these cultures who are successful are the ones who make decisions collectively, therefore any individual approach by these managers in an organization towards decision-making would be viewed negatively.

6 0
3 years ago
The Khaki Corporation has the following budgeted sales data:
Simora [160]

The Khaki Corporation's budgeted cash receipts for April is $383,000.

Data andCalculations:

                                  January      February         March            April

Cash Sales              $70,000       $90,000     $80,000       $70,000

Credit Sales         $400,000     $350,000   $300,000     $320,000

<u>Cash collections</u>:

40% sales month $160,000      $140,000    $120,000      $128,000

50% 1st month                          $200,000     $175,000      $150,000

10% 2nd month                                                $40,000       $35,000

Total collections from credit sales for April                     $313,000

Cash Sales            $70,000      $90,000       $80,000       $70,000

Total budgeted cash receipts for April =                         $383,000

Thus, the budgeted cash receipts for the month of April would be $383,000.

Learn more: brainly.com/question/8707644

3 0
3 years ago
How does a strong economy affect the demand for goods and services
Brut [27]

Answer:

yes true ik it is i got it wrong when i said false

7 0
3 years ago
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Which of the following best describes a proactive stance to social responsibility?
Doss [256]

Answer:

B.  Company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment.

Explanation:

When the priority of an organization is to support the profit, people, and planet, the company is said to be a socially responsible organization. The company actively seeks opportunities for social development rather than getting profit for them. The company is contributing towards the economy, people in general, and the environment. The socially responsible company cannot try to maximize its return on investment. Therefore, option B is the correct answer.

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3 years ago
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