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Serga [27]
3 years ago
8

Jake Company records bad debt expense using the net credit sales method and has estimated that 5.5% of its credit sales will pro

ve to be uncollectible. During 2019, Jake Company reported net credit sales of $120,000 and collected $150,000 cash from its credit customers. The $150,000 includes a $6,000 recovery of an account receivable written off in the previous year. During 2019, Jake Company wrote-off as uncollectible accounts receivable of $4,000. Jake Company reported accounts receivable at January 1, 2019, of $88,000 and the allowance for doubtful accounts had an $8,000 credit balance at January 1, 2019.
Calculate the net realizable value of Jake Company's accounts receivable at December 31, 2019.
Please include your calculations and explanation.

Business
1 answer:
STatiana [176]3 years ago
5 0

Answer:

Detailed step wise solution is given below:

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The process by which the processor slows down to conserve power is officially called?
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Throttling

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2 years ago
Coffee Klatch Party Group, a political organization, files a claim to challenge a Delaware statute that limits the liberty of al
Talja [164]

Answer:

The correct answer is C. This claim is most likely based on the right to substantive due process.

Explanation:

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7 0
4 years ago
As an HR manager in charge of employee appraisal, Bernice Hunter uses an appraisal method that utilizes narrative information, s
Studentka2010 [4]

Answer: Behaviorally anchored rating scale

Explanation:

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5 0
3 years ago
On march 1, 2018, big brands corporation issued $600,000 of 10% bonds at 105. each $1,000 bond was sold with 50 detachable stock
Zinaida [17]

Answer:

$510,000

Explanation:

No.of bonds issued = $600,000 / $1000 = 600

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= $510,000

7 0
3 years ago
Why might you complete a 1040 instead of a 1040EZ?
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