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
49) The stereotypical automobile dealership uses tactics like high pressure and bargaining to get customers to buy. This is an e
sveta [45]

Answer:

B) sales

Explanation:

This is an example of the sales orientation. This business strategy focuses on persuasion in order to convince customers to buy products or pay for services rather than molding the products to fit the customers' needs and desires. Business operating with a sales orientation tend to heavily rely on advertisement.

4 0
3 years ago
Lewis spends a lot of time socializing while at work. In his interactions with Walid, he constantly asks personal questions and
PolarNik [594]

Answer:

task versus relationship priority.

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

In this scenario, Lewis spends a lot of time socializing while at work and he constantly asks Walid personal questions and shares information about his family and hobbies. This actions frustrates Walid who is only interested in getting his work done. This illustrates task versus relationship priority, one of the intercultural communication challenges in business contexts.

6 0
3 years ago
The level of inventory of a manufactured product has increased by 8,000 units during a period. The following data are also avail
LiRa [457]

Answer:

There will be a difference in the income .

Absorption costing income will be lower as it transfers all the fixed costs to the ending inventory.

Variable costing income will be higher as it does not transfer  the fixed costs to the ending inventory.

The difference will be  of $ 104000

Explanation:

Increase in units 8000                                                              

                                                              Variable       Fixed

Unit manufacturing costs of the period $24.00 $10.00

Unit operating expenses of the period    8.00       3.00

Total Unit Costs                                       $ 32.00    $ 13.00

The net operating income under variable costing for the year will be $ 13* 8000= $ 104000 Lower than the net operating income under  absorption costing.  This is because the all fixed costs will be treated as period cost rather than product costs.

In variable costing the ending inventory will be $104000 lower than the ending inventory under absorption costing  because the fixed costs will not be allocated to products.

Under variable costing, the units in the ending inventory will be costed at $32 each.Under absorption costing, the units in the ending inventory will be costed at $32+ $ 13= $ 45 each.

7 0
3 years ago
Which job in the Finance career would be best for someone who had knowledge of banking and credit systems and the ability to rep
Lerok [7]
A. Let me know if I'm wrong
5 0
3 years ago
Read 2 more answers
Gladys Peel owns a 50% interest in the capital and profits of the partnership of Peel and Poe. On July 1, 2019, Peel bought land
melamori03 [73]

Answer:

$50,000

Explanation:

Data provided in the question:

Interest owned by Gladys Peel in the capital and profits of the partnership  = 50%

Fair market value = $10,000

Value of the land acquired = $16,000

Partnership's net income = $94,000

Loss recorded = $6,000

Now,

The loss must be separately passed through to partners as it is a Sec. 1231 loss.

Therefore,

Partnership ordinary income = $94,000 + $6,000

= $100,000

Hence,

Peel's distributive share of ordinary income from the partnership for 2019

= 50% of Partnership ordinary income

= 0.50 × $100,000

= $50,000

8 0
3 years ago
Other questions:
  • A recent study in your reading suggested that ______ spend 13% more than an average customer and refer business equal to 45% of
    12·1 answer
  • On January 1, 2021, a company issues $800,000 of 8% bonds, due in ten years, with interest payable semi annually on June 30 and
    7·1 answer
  • The growth of the service economy caused
    8·1 answer
  • J.c coats inc. carefully develops standards for its coat making operation. its specifications call for 2 square yards of wool pe
    10·2 answers
  • A(n) ____________ new entry is used by entrepreneurs who see products or business concepts that have been successful in one mark
    7·1 answer
  • A shareholder purchases 30 percent of the stock of an S corporation two-thirds of the way through the year for $20,000. The S co
    5·1 answer
  • Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2015 and 240 million pounds for $3 per po
    14·1 answer
  • If TeleCo were to enter into a strategic alliance with a partner that promised it could deliver a high quality wireless infrastr
    6·1 answer
  • Which of these could be an option after high school for a person who wants to further his education but doesn't want to take out
    8·1 answer
  • Consider the following bet: heads I pay you a dollar, tails you pay me a dollar. What is the expected payoff (return) of this be
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!