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3 years ago

Does anyone know how to choose the brainlyest answer

2 answers:

7 0

If two people answered the same question then above both the answeres it will be written "Mark as Brainliest" press the button if u think any of the answeres is worthy of it and if you press the button above that answer it will be marked as brainliest!
Hope this helps you... :)

Pie3 years ago

6 0

I just see which one has the most starts or agreements to it

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Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $800 account of a customer,

Zielflug [23.3K]

Answer:

Gomez Corp. Journal entry

1. 31-Jan

Dr Allowance for doubtful accounts $800

Cr Accounts receivable - C. Green $800

2. 9-Mar

Dr Accounts receivable - C. Green $300

Cr Allowance for doubtful accounts $300

3. 9-Mar

Dr Cash $300

Cr Accounts receivable - C. Green $300

Explanation:

1. On January 1 Gomez Corp was said to use the allowance method to account for uncollectibles which means we have to record the write off as uncollectibles by Debiting Allowance for doubtful accounts with $800 and Credit Accounts receivable - C. Green with the same amount.

2. On March 9, receives a payment of $300 from Green which means we have to record the accounts receivables reinstated by

Debiting Accounts receivable - C. Green with $300 and Crediting Allowance for doubtful accounts with same amount.

3. Since it receives a payment of $300 from Green on March 9 we have to record cash receipt by Debiting Cash with $300 and Crediting Accounts receivable - C. Green with $300.

8 0

3 years ago

A lender is willing to provide a loan equal to 80% of a property worth $360,000. If such a loan carries an interest rate of 7.5%

lukranit [14]

Answer:

B) $11,750

Explanation:

annual mortgage payment = net operating income - (outstanding loan balance x loan payment factor)

outstanding loan balance = property value x loan percentage

annual mortgage payment = $40,000 - [($360,000 x 80%) x 0.09809] = $40,000 - ($288,000 x 0.09809) = $40,000 - $28,250 = $11,750

5 0

3 years ago

A bank may establish a multinational operation for the reason of low marginal costs. The underlying rationale being that is_____

s2008m [1.1K]

Answer:

c) managerial and marketing knowledge developed at home can be used abroad with low marginal costs.

Explanation:

Low marginal cost represents low cost associated with the functioning of bank at low cost for each additional transaction of business. This basically provides for low costing.

Since the bank is able to exercise the low marginal cost in domestic market it expects to have a low marginal cost in international market also with the expertise of management.

As the bank feels confident with the management that it would be able to keep the cost low even in international domains thus, it expects low marginal cost in international domains also.

7 0

3 years ago

Present difficult (acquisition) tasks approximately _________ percent of the time.

SOVA2 [1]

20 percent is the proper rate to give difficult tasks. This allows the student to still be able to master most of the tasks easily, while challenging them at a rate that does not overwhelm them and discourage them from wanting to learn the materials.

4 0

4 years ago

Brace Corporation uses direct labor-hours as the cost driver in its normal costing system. Brace budgeted that it would use 21,6

arsen [322]

Answer:

total estimated overhead costs for the period= $515,095.2

Explanation:

First, we need to calculate the allocated overhead:

Under/over applied overhead= real overhead - allocated overhead

20,440 = 506,920 - allocated overhead

allocated overhead= $486,480

Now, we can determine the predetermined overhead rate:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

486,480= Estimated manufacturing overhead rate*20,400

Estimated manufacturing overhead rate= 486,480/20,400

Estimated manufacturing overhead rate= $23.847 per direct labor hour

Finally, the estimated overhead for the period:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

23.847= total estimated overhead costs for the period/21,600

total estimated overhead costs for the period= 21,600*23.847

total estimated overhead costs for the period= $515,095.2

4 0

3 years ago