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
Romashka-Z-Leto [24]
3 years ago
15

At the beginning of 2018, the balance in Jackson Enterprises' Allowance for Uncollectible Accounts was $31,800. During 2018, the

company wrote off $38,000 of accounts receivable. Writing off the individual bad debts would include a:
Business
1 answer:
Colt1911 [192]3 years ago
6 0

Answer:

The answer is: Credit record to Accounts Receivable account

Explanation:

The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.

You might be interested in
Which two tasks does an industry safety and health engineer perform?
kolezko [41]

Answer:

They both care for the well-being of people and they also keep people safe.

I'm assuming

8 0
3 years ago
In 2019, Carlos filed his 2018 state income tax return and paid taxes of $800. Also in 2019, Carlos's employer withheld state in
irga5000 [103]

Answer:

He can deduct on his 2019 federal income tax return for state income tax $1,550

Explanation:

According to the given data, we can conclude that Carlos cannot deduct the addition of $600 of state income until next year.

Therefore, in order to calculate how much state income tax can Carlos deduct on his 2019 federal income tax return for state income tax we would need to make the following calculation

income tax to deduct on 2019 federal income tax return= Taxes paid+ withheld state income tax from salary

income tax to deduct on 2019 federal income tax return= $800 + $750 income tax to deduct on 2019 federal income tax return=$1,550.

6 0
3 years ago
A restaurant worker earns a set amount per hour from their employer. They also receive tips from customers. Their earnings most
icang [17]

The restaurant worker's earnings closely resemble that of an employee working on commission plus salary.

<h3>What is commission?</h3>

Commission is additional compensation that's earned based on job performance.

It is an extra payment that is accrued during the course of work and are paid in addition to a base salary.

Hence, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.

Therefore, option D is the correct answer.

Learn more about commission here: brainly.com/question/26111961

4 0
3 years ago
Assume the following information for a company with only two products: Product A Product B Total Sales $ 600,000 $ 400,000 $ 1,0
Mice21 [21]

Answer: $406,000

Explanation:

The following can be deduced from the question:

Total sales = $1,000,000

Variable cost = $300,000

Contribution = Sales - Variable cost

= $1,000,000 - $300,000

= $700,000

Contribution ratio = $7000,00/$1,000,000 × 100 = 70%

Fixed cost = $580,000 × 70%

= $580,000 × 0.7

= $406,000

8 0
3 years ago
In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price minimum ave
Pepsi [2]

Answer:

A. minimum average variable cost exceeds price.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market

In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

6 0
3 years ago
Other questions:
  • What is the future value of $750 one year from today if the interest rate is 2.5 percent? a. $768.75 b. $766.50 c. $770.23 d. no
    6·1 answer
  • Below is the listing of a bond issued by international business machines corporation (ibm). below the detail of the bond is the
    10·1 answer
  • What might explain why the restaurant isn't named in the lawsuit?
    5·1 answer
  • Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August. Three-fourths of all purchase
    10·1 answer
  • Manufacturer A has a profit margin of 2.2%, an asset turnover of 1.7 and an equity multiplier of 5.0. Manufacturer B has a profi
    15·1 answer
  • Fear of a lawsuit prevents many employers from giving totally honest recommendations to former employees. this reflects a change
    10·1 answer
  • The budgeted production of Taurus, Inc. is 10,000 units per month. Each unit requires 40 minutes of direct labor to complete. Th
    11·1 answer
  • Transcript Company is preparing a cash budget for February. The company has $150,000 cash at the beginning of February and antic
    6·1 answer
  • The money multiplier declined significantly during the period​ 1930-1933 and also during the recent financial crisis of​ 2008-20
    13·1 answer
  • if both producers decided to trade with each other to stock their toy stores, the terms of trade that would benefit both geppett
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!