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NeTakaya
3 years ago
5

At the beginning of the current period, crane company had balances in accounts receivable of $192,800 and in allowance for doubt

ful accounts of $8,520 (credit). during the period, it had net credit sales of $722,500 and collections of $708,940. it wrote off as uncollectible accounts receivable of $7,972. however, a $3,275 account previously written off as uncollectible was recovered before the end of the current period. uncollectible accounts are estimated to total $22,740 at the end of the period. (omit cost of goods sold entries.) (a) prepare the entries to record sales and collections during the period. (b) prepare the entry to record the write-off of uncollectible accounts during the period. (c) prepare the entries to record the recovery of the uncollectible account during the period. (d) prepare the entry to record bad debt expense for the period. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (a) (to record sales) (b) (c) (to reinstate account previously written off) (d) link to text link to text determine the ending balances in accounts receivable and allowance for doubtful accounts. ending balance in accounts receivable $ ending balance in allowance for doubtful accounts $ link to text link to text what is the net realizable value of the receivables at the end of the period
Business
1 answer:
Ainat [17]3 years ago
6 0

This is too confusing

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Explanation:

because it is

6 0
3 years ago
Negotiated transfer prices ______. are consistent with decentralization use the expertise of managers in weighing the costs and
ruslelena [56]

Answer:

1. are consistent with decentralization.

2. use the expertise of managers in weighing the costs and benefits of the transfer.

3. preserve the autonomy of the divisions.

Explanation:

A negotiated transfer prices can be defined as the final price reached between the buyer (consumer) of finished goods and services and the trader (seller) of such goods and services.

Negotiated transfer prices has the following advantages;

1. Negotiated transfer prices are consistent with decentralization.

2. Use the expertise of managers in weighing the costs and benefits of the transfer.

3. They preserve the autonomy of the divisions.

4 0
3 years ago
Why do some firms, industries, and cultures have different CSR thresholds than others
Sergeeva-Olga [200]

Considering the industrial context, the reasons some firms, industries, and cultures have different CSR thresholds than others include <u>differences in stages of </u><u>acceptance</u><u> </u><u>among</u><u> </u><u>firms</u><u>.</u>

Some other reasons some firms, industries, and cultures have different CSR thresholds than others include the following:

  • Level of complexity
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CSR is the Corporate Social Responsibility in which the private firms seek to contribute to the society in which they operate through charity, philanthropic, and volunteering programs, amongst others.

Hence, in this case, it is concluded that there are various reasons why some firms, industries, and cultures have different CSR thresholds than others.

Learn more about CSR thresholds here: brainly.com/question/15318875

4 0
3 years ago
An activity-based costing system is developed in four steps: a. Compute the predetermined overhead allocation rate for each acti
Andru [333]
<h3>Hello there!</h3>

Your question asks what order does a activity-based costing system work by.

<h3>Answer: b, c, a, d</h3>

The order:

1. b). Identify activities and estimate their total indirect costs.

2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.

3. a). Compute the predetermined overhead allocation rate for each activity.

4. d). Allocate indirect costs to the cost object.

The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.

The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
8 0
3 years ago
What is total amount spent on wages and salary before any tax is being taken? [those ernings above £40000 are paying 40% income
vodka [1.7K]

Answer: hello your question is open ended hence I will give you a more general answer

answer : $12,000 * number of workers  or $24,000 * number of workers

Explanation:

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According to Tax rules there is a certain amount of income an individual would have to earned before any tax will be taken, incomes below $12,000  are tax free ( for singles ) and $24,000 for married individuals ; Hence the Total amount spent on wages and salary before tax is being taken = $12,000 * number of workers or $24,000 * number of workers . ( unless otherwise stated )

3 0
3 years ago
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