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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
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Answer and Explanation:

This is not true. Since, instant messages require prompt communication many people think that it could be used causally. Which is false. In a business organization it is vital that you follow the standard operating procedure as well as follow the formal way of communication. Especially when it comes to communication through email.

5 0
3 years ago
Adam strongly believes that his employees have a positive attitude toward their work. He sees in them a potential to take risks
PolarNik [594]

Answer:

B. Theory Y

Explanation:

According to theory Y assumptions, employees are self-motivated and ambitious. They can exercise greater control and are willing to accept new responsibilities. Theory Y supposes that employees love to work, and that they find motivation in the completed jobs.

Managers who subscribe to theory Y believe that employees are intelligent, innovate and creative people whose input can help solve organizational problems. Theory Y suggests that if employees are given more freedom in the workplace, they are likely to perform their best, which increases productivity in the workplace.

Theory Y managers hold optimistic and positive views on their employees. They encourage a collaborative approach to management, where there is a greater relationship between managers and their subordinates.

7 0
2 years ago
Which of the following values should be inserted to correctly balance the ledger shown below?
vredina [299]
In order to figure out this you would take the original balance
$120.70 and add the paycheck $343.52
from there you would then minus the City payment of $53.90 and minus the internet payment of $86.40
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Hope This helps :)
8 0
2 years ago
When a firm declares bankruptcy, Group of answer choices the claims of preferred shareholders are honored before those of the co
Sedaia [141]

Answer:

the maximum that shareholders can lose is their original investment in the firm's stock AND the claims of preferred shareholders are honored before those of the common shareholders.

Explanation:

          Bankruptcy may be defined as the legal proceedings that involves a person or a business where the person or the business firm is not able to repay the debts that are outstanding. When a firm or a person files a bankruptcy, there is an automatic stay put by the court that blocks the debts.

         In case of bankruptcy the different shareholders of the firm losses a maximum of their original investment that they have done in the firm while purchasing the stocks. And also the claims of the preferred shareholders are being honored first than those of common shareholders.

6 0
3 years ago
Mary has already won her case at the U.S. Court of Appeals. When the case is reviewed by the Supreme Court, only eight judges ar
belka [17]

Answer:

B. Mary will win the case as she had already won at the U.S. Court of Appeals.

Explanation:

When 8 judges review Mary's case and is split 4-4 she will win the case as she has won it in the lower court. However the case will not set a precedent for future cases.

This is a rare occurrence as there are usually 9 justices presiding in supreme court reviews.

6 0
3 years ago
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