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Elena L [17]
3 years ago
6

An aging of a company’s accounts receivable indicates the estimate of uncollectible receivables totals $7,900. If Allowance for

Doubtful Accounts has a $700 credit balance, the adjustment to record the bad debt expense for the period will require aA. debit to Bad Debt Expense for $8,600.B. debit to Bad Debt Expense for $7,900.C. debit to Bad Debt Expense for $7,200.D. credit to Allowance for Doubtful Accounts for $700
Business
1 answer:
Keith_Richards [23]3 years ago
7 0

Answer:

C. debit to Bad Debt Expense for $7,200.

Explanation:

The company needs to reflects the total amount in the Allowance for Doubtful Accounts as credit balance, if the balance today it’s $700, you need a new entry to adjust the balance with the Bad Debt Expense account.

The entry must be a credit in Bad Debt Expense for $7,200 and the correspondent debit in the Allowance for Doubtful Accounts as credit.

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A matrix organization for project management has a distinct advantage because:A) Dual hierarchies mean two bosses.B) A significa
Zanzabum

Answer:

D) Project importance is enhanced by setting authority equal to that of functional departments.

Explanation:

A matrix organization is characterized by, multiple command system and overlapping of command, control and behavioral pattern.

Here, temporary project groups are created so as to handle short term projects. Personnel are drawn from functional department and their activities are controlled and coordinated by a project manager.

Once a project is completed, the structure is disbanded and the personnel return to their original departments i.e functional department.

During the project duration, a person is responsible and reports to two bosses, one being the project manager and secondly to the functional boss. Thus, under such a structure exists dual reporting.

Under matrix structure for project management, the project manager is not allowed to use resources exclusively for the project i.e like in project management. Rather, such a manager is required to share resources with the organization.

8 0
3 years ago
For tonight’s concert Harold decided to charge general admission, where all of the were the same price. He set the price at $10
garik1379 [7]

Answer: $130,000

Explanation:

5 0
3 years ago
Kathy is buying her first home. She is financing a total of $185,000 at an APR of 5% for 25 years. How much are her monthly paym
Vinvika [58]

Based on Kathy's total cost of financing the home, the APR, and the period, her monthly payments would be $1,081.49.

<h3 /><h3>How much would Kathy pay per month?</h3>

Find the monthly period:

= 25 x 12

= 300 months

The monthly rate:

= 5%/12

= 5/12%

The monthly amount is:

= 185,000 / (( 1 - (1 + 5/12%)⁻³⁰⁰) / 5/12%)

= $1,081.49

Find out more on monthly loan payments at brainly.com/question/25599836.

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3 0
2 years ago
) Process costing ________.
MaRussiya [10]

Answer:

D) is used exclusively in manufacturing

Explanation:

  • As the processing costs are directly related to the direct and the indirect costs of the manufacturing processes. These costs are usually assigned to large scale batch processings and assigned to every individual cost of each unit. Assigned when the company processes huge homogeneous products.

<u>Thus has the following four steps</u>:

1. Summarize the flow of all physical units of the output.

2. Compute the output in the terms of the equivalent units.

3. Summarize total costs to the account for and the Compute equivalent unit of costs.

4. Assign total costs to the units completed and to the units in ending work in the process inventory.

7 0
3 years ago
A company is 40% financed by risk-free debt. the interest rate is 10%, the expected market risk premium is 8%, and the beta of t
Evgen [1.6K]
What is the question? i need more details to helpp you properly
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3 years ago
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