1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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:

You might be interested in
Identify each person's status as employed, unemployed, "not in the labor force"
Ede4ka [16]

Answer:

Explanation:

a. "not in the labor force" since she is neither working or looking for a job and instead is studying

b. "employed", currently works as a tennis coach

c. "unemployed", she does not have a paying job yet but is looking for one

d. "not in the labor force", does not have a job and is not looking for one at the current moment in his life.

5 0
3 years ago
Identify two possible reasons for unemployment​
Vladimir79 [104]

Answer:

Frictional unemployment. This is unemployment caused by the time people take to move between jobs, e.g. graduates or people changing jobs. ...

Structural unemployment

Explanation:

3 0
2 years ago
Read 2 more answers
What is the purpose of a food safety management system?
zubka84 [21]

Answer:

To control food safety hazards within a food business in order to make sure that food is safe to eat.

Explanation:

4 0
3 years ago
Can I have a short 150 words paragraph about following?
hichkok12 [17]

Answer:

Explanation:

GDP is used to measure the Economic welfare or standard of living in the people when it is measured per capital terms. The short coming with GDP is that it does not show the true economic welfare or standard living of people in the society as GDP is calculated as whole for whole population prevalipre in the country which includes all level of income people. In any country there will be rich , poor and middle class.

Using GDP for finding social welfare it tells whether the country standard of living is increasing or not but it will not tell specially abpab poor and middle class. Any country standard of living goes up only if the poverty in the country eradicate. Thus GDP have a short coming of not finding the true social welfare or standard of living which is in the society.

There is nothing we can do to find the exact condition of society but government can implement policies to provide a better living for people who are in poverty.

5 0
3 years ago
If you know that the value of an asset is $100 today, what concept will tell you what it will be worth in 5 years given a certai
Virty [35]

Answer:

future value

Explanation:

Future value is the value of a sum of money at some point in the future given a  certain interest rate.

Formula for future value = present value x ( 1 + r )^n

Assuming i = 10

the future value of $100 in 5 years = 100 x ( 1.1)^5 = $161.05

6 0
2 years ago
Other questions:
  • The research and development department of a large manufacturing company would likely be organized as
    9·1 answer
  • On august 1, harvey company offered to pay $13,000 for equipment that was advertised as being sold for $19,000 by carrone compan
    9·1 answer
  • With​ e-commerce and the​ internet, which of the following depicts a trend in​ advertising?
    6·1 answer
  • Use the following data to compute total manufacturing costs for the month: Sales commissions $ 10,800 Direct labor 39,600 Indire
    13·1 answer
  • What is the first sentance of an introduction called​
    11·1 answer
  • In the labor market, the supply curve represents A) the workers and the demand curve represents the product of the labor. B) the
    5·1 answer
  • The management of L Corporation is considering a project that would require an investment of $260,000 and would last for 6 years
    12·1 answer
  • a. A challenging job at an organization that raises the bar in data security b. An entry-level position in the marketing area wi
    8·1 answer
  • You are asked to study the causal effect of hours spent on employee training​ (measured in hours per worker per​ week) in a manu
    15·1 answer
  • Rachel's Recordings reported net income of $280,000. Beginning balances in accounts receivable and accounts payable were $15,000
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!