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3 years ago

12

if you deposit a check into your account and the teller tells you it is on hold for five days, can you still spend that money to

day or tomorrow

2 answers:

Sidana [21]3 years ago

5 0

Well you will have to wait the five days since you can’t get money out of air but I’m not really sure

Blababa [14]3 years ago

3 0

Answer: No

Explanation: cuz u have to wait for it

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Home Value Inc., Max Cart Inc., and Nice Necessities Inc. are three consumer-product retailing companies. Their products consist

algol [13]

Answer:

i have no idea but i do know that getting brainliest would be nice lol

Explanation:

4 0

3 years ago

Urgent please help!!!!! The Accounts Receivable balance for Company at December 31, 2023 was 29000 . During ,2024 the company

Gemiola [76]

A) The journal entry using the percent-of-receivables method is as follows:

Debit Bad Debts Expense $6,620

Credit Allowance for Uncollectible accounts $6,620

B) The journal entry using the percent-of-receivables method is as follows:

Debit Bad Debts Expense $11,120

Credit Allowance for Uncollectible accounts $11,120

<h3>What is the percent-of-receivable method?</h3>

The percent-of-receivable method is one of the methods for making allowances for uncollectible accounts. Other methods include using an estimated percentage of the sales revenue and aging the accounts receivable

This method uses an estimated percentage of the receivables at the end of the financial period to compute the ending allowance for uncollectible accounts.

<h3>Data and Calculations:</h3>

December 31, 2023:

Accounts receivable

Beginning balance = $29,000

Revenue for 2024 = 462,000

Cash collected = (324,000)

Accounts written off = (6,000)

Ending balance $161,000

Allowance for uncollecdtible accounts = 2% or $3,220 ($161,000 x 2%)

A) Allowance for uncollectible accounts:

Beginning balance = $2,600 (credit)

Accounts written off (6,000)

Ending balance (3,220)

Bad debts expense = $6,620

<h3>Transaction analysis</h3>

Bad Debts Expense $6,620 Allowance for Uncollectible accounts $6,620

B) Allowance for uncollectible accounts:

Beginning balance = ($1,900)

Accounts written off (6,000)

Ending balance (3,220)

Bad debts expense = $11,120

<h3>Transaction Analysis</h3>

Bad Debts Expense $11,120 Allowance for Uncollectible accounts $11,120

Learn more about making allowances for uncollectible accounts at brainly.com/question/15522384

8 0

2 years ago

Can I get your email and name so i can help you with work?

vfiekz [6]

Help with what work? Our school work? If so comment on my question

5 0

3 years ago

Starting with the finished version of the file for Example 9.3, change the fixed cost in cell B5 to $4000. Change the probabilit

madam [21]

Answer:

hello your question lacks the required file ( excel file ) attached below is the missing file

Answer : The EVI does not change in the way expected and this is because of the higher probability assignment

Explanation:

1) calculate the EVI for the first combination

i.e. B5 = $2000, B9 = 0.4, B14 = 0.8, B15 = 0.3

EVI = EMI with information - EMI without information

= 3250 - 3400

= $ 150

<em>note : EMI with information is gotten via solution tree </em>

2) Calculate the EVI for the second combination

i.e. B5 = $4000 , B9 = 0.3 , B14 = 0.9, B15 = 0.2

EVI = EMI with information - EMI without information

= $1378 - $500 = $878

3 0

3 years ago

Anka Company uses the LIFO inventory costing method for both its tax reporting purposes and its financial reporting purposes. An

katovenus [111]

Answer:

C. LIFO liquidation

Explanation:

Benson Company uses the LIFO inventory costing method for both its tax reporting purposes and its financial reporting purposes. In its footnotes, Benson Company is required to report the amount at which inventories would have been reported under FIFO method.

The difference between these two numbers is commonly referred to as LIFO Reserve.

LIFO reserve represents the difference in ending inventory using LIFO and ending inventory if FIFO were employed instead.

Third option is the correct option.

LIFO reserve = FIFO inventory cost - LIFO inventory cost

FIFO inventory cost = LIFO inventory cost + LIFO reserve

4 0

3 years ago