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Tasya [4]
3 years ago
8

The journal entry to record a return of merchandise purchased on account under a perpetual inventory system would credit

Business
1 answer:
Reil [10]3 years ago
4 0
The answer for this is Inventory
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During its first year of operations, Mack's Plumbing Supply Co. had sales of $3,250,000, wrote off $27,800 of accounts as uncoll
Nataly_w [17]

Answer:

$487,500

Explanation:

The write off does not affect the realizable value of accounts receivable . Neither total assets nor net income is affected by the write off or specific account. Instead both assets and net income are affected in the period when bad debts expense is predicted and then recorded with an adjusting entry.

Accounts Receivable                                                      $ 3250,000

Less Allowance for Doubtful Accounts    $ 3250,000*1% = 32,500

Estimated Realizable Accounts Receivable $ 3217500

But if the amount of the bad debts decreases or increases as is given below then the the income is also increased or decreased by the amount given

Bad debts = $ 32,500

Uncollectibles previously written off= $ 27,800

Difference $ 4700

Net income $ 487,500

Less Difference $ 4700

Reported Income $ 482,800

7 0
3 years ago
How does the mode of corroborating (e.g. strategic alliance, joint venture, licensing, outsourcing, collective research organiza
scoray [572]

Answer:

Organizations are always looking for new strategies to leverage their profits and market positioning. Corroboration arises then as a strategy in which two or more companies unite temporarily or not, through strategic alliance, licensing, joint venture, outsourcing, etc., with the common objective of expanding their market share and profits.

The way to corroborate influences the success of a collaboration because the chosen strategy is aligned with the organizational values ​​and objectives. When two companies join a strategic alliance, for example, they share their resources, knowledge, technologies, market value and others, to achieve different joint benefits, such as competitive advantage, consumer attraction, greater positioning, increased market share, etc.

5 0
3 years ago
During later project stages, as pressures to meet project schedule goals increase, the culture of the project is more conducive
Vikki [24]
The statement above is FALSE.
During later project stages, .........................., the culture of the project is LESS conducive to making changes in work progress.
When a project is drawing to a close, it becomes relatively difficult to make important changes to the project plan. At this stage, any change in plan that is effected will be much costly compare to if the change has been made in the earlier stages.
7 0
3 years ago
In an economy, the government wants to decrease aggregate demand by $24 billion at each price level to decrease real GDP and con
irinina [24]

Answer:

option b is correct answer

Explanation:

given data:

MPC = 0.75

We know that

MPC +MPS =1

So, MPS = 1 - 0.75 = 0.25

We know that tax multiplier is given as

Tax multiplier = \frac{-MPC}{(1-MPC)}

                       = \frac{-0.75}{(1-0.75)}

                       = -3

 change in taxes= \frac{24}{-3} = -8Billion

therefore, tax increase by $8 billion.

option b is correct answer

3 0
3 years ago
What criteria cannot be used to create a custom segment?.
labwork [276]

Answer:

When a report is based on data from a large number of sessions you may see the following notice at the top of the report This report is based on  sessions.You can adjust the sampling.

Explanation:

hope this helps

6 0
2 years ago
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