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guajiro [1.7K]
4 years ago
10

Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously

written off would include aA. credit to Bad Debt ExpenseB. credit to Accounts ReceivableC. debit to Allowance for Doubtful AccountsD. debit to Accounts Receivable
Business
1 answer:
nasty-shy [4]4 years ago
3 0

Answer:

D) Debit to Accounts Receivable

Explanation:

If you want to reinstate a specific receivable previously written off you need to do the opposite accounting entry at when the written off was made.

Previously was made a credit in the accounts receivable to deduct the amount of the bad debt, the opposite would be to make a debit in the Accounts receivable ot reflect the reinstanted value.

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Suppose the top five firms in a market have market shares of 23%,12%,8%, 7% and 5% respectively. The remaining 45 firms in the m
aniked [119]

Answer: Yes, The FTC will approve the merger.

Explanation:

The Herfindahl-Hirschman Index (HHI) is the common measure of market concentration used to determine market competitiveness. The HHI is calculated by the squaring of the market share of every firm competing in the market and then adding the resulting numbers

HHI (before the merger)

= 23² + 12² + 8² + 7² + 5² + 45 × 1²

= 529 + 144 + 64 + 49 + 25 + 45

= 856

HHI (after the merger) = (23 + 12)²

8² + 7² + 5² + 45 × 1² = 1408

Here, the market is less concentrated and the HHI is still below 1500 after the merger. Therefore, FTC will approve this merger. The answer is Yes.

7 0
4 years ago
trighton's trailer co. sells all kinds of trailers and provides a one-year warranty on all new trailer sales. based on history,
matrenka [14]

At the end of the month, Trighton will record <u>$600</u> in warranty expenses.

Expenses is a term used in economics that can be described as the amount that is incurred in making a commodity or a product. These are the basic inputs that the firm has to acquire to maintain a particular product or products.

Trighton anticipates a return of 2% and will have a warranty cost of  $100 per trailer. As Victor sold 300 trailers for a total of $255,000, the total cost that would be incurred will be with respect to the anticipated return of 2% on the warranty cost and the number of the visitors or the seller have sold to the customer. Therefore the amount Trighton will record in warranty expenses is calculated as follows;

= 300 x.02 x $100

= $600

Although a part of your question is missing, you might be referring to this question:

Trighton's Trailer Co. sells all kinds of trailers and provides a one-year warranty on all new trailer sales. Based on history, Trighton anticipates that 2% of trailers will be returned and will have a warranty cost of $100 per trailer. During the month, Victor sold 300 trailers for a total of $255,000. At the end of the month, Trighton will record $____________ in warranty expense.

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4 0
1 year ago
Two products, QI and VH, emerge from a joint process. Product QI has been allocated $19,300 of the total joint costs of $40,000.
Sidana [21]

Answer:

Net advantage (disadvantage) ($5,400)

Explanation:

Product QI

Sales value after further processing ($15 × 2,600) $39,000

Costs of further processing $10,600

Benefit of further processing $28,400

($39,000-$10 600)

Less: Sales value at split-off point ($13 × 2,600) $33 800

Net advantage (disadvantage) ($5,400)

4 0
4 years ago
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Practitioner who having been retained by a client with respect to a matter administered by the irs discovers that the client has
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7 0
4 years ago
Pferd company reported total assets in year 1 of $200,000 and in year 2 of $250,000. when performing horizontal analysis, the pe
Studentka2010 [4]

When performing horizontal analysis, the percentage change in total assets would be expressed as 25%.

<h3>What is Asset?</h3>

An asset is considered a resource of the business which has an economic value in the future of the business and helps business activities to take place smoothly. This refers as owning of the bsuiness to carry functioning in nature. It is both fixed and current assets.

The calculation for horizontal analysis-

Percent change in total assets=[(Amount in Comparison Year – Amount in Base Year) / Amount in Base Year] * 100

=[($250,000-$200,000)/$200,000}*100

=(25000/200000)*100

=25%

Therefore 25% will be a percentage change in total assets.

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7 0
2 years ago
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