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juin [17]
4 years ago
8

Pogo Products Inc. reported an opening balance in the allowance for doubtful accounts of $564,000. During the year, the company

determined that a $30,000 receivable due from Shimmer Company was uncollectible. Prepare the journal entry to write off the Shimmer account assuming that Pogo uses the allowance method.
Business
1 answer:
tester [92]4 years ago
4 0

Answer:

Dr.  Allowance for doubtful accounts $30,000

Cr.  Account receivables                     $30,000

Explanation:

Allowance for doubtful accounts is an estimate of the receivables which are not expected to be received in future. It is an contra asset account and adjusted against the accounts receivable. On balance sheet Accounts receivable is reported after adjusting the value of allowance for doubtful accounts.

Write off is also adjusted in allowance for doubtful accounts by debiting the allowance for doubtful accounts and crediting the accounts receivables.

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What is a current movement toward or away from style or interest ?
Dmitry [639]

Current movement toward or away from style or interest is

A) trend

Explanation:

Trend is the word used to define what is in fashion at any given time in that what is being done by the most amount of people or what is being thought about by most of the people in a market.

This is also a volatile thing as often times there are many trends working at the same time and there is also a short life for most of the trends.

Some trends last for years and these ones are the most profitable to cash on in the long run as they give returns for a long time.

3 0
3 years ago
where cost is in dollars and time is in minutes. The cost of driving an automobile is $5.50 with a travel time of 21 minutes, wh
LenKa [72]

This question seems incomplete. Here is the detailed and complete question:

A work-mode-choice model is developed from data acquired in the field in order to determine the probabilities of individual travelers selecting various modes. the mode choices include automobile drive-alone (dl), automobile shared-ride (sr), and bus (b). the utility functions are estimated as follows: udl = 2.6 - 0.3(costdl) - 0.02(travel timedl) usr = 0.7 - 0.3(costsr) - 0.04(travel timesr) ub = -0.3(costb) - 0.01(travel timeb) where cost is in dollars and time is in minutes. the cost of driving an automobile is $5.50 with a travel time of 21 minutes, while the bus fare is $1.25 with a travel time of 27 minutes. how many people will use the shared-ride mode from a community of 4500 workers, assuming the shared-ride option always consists of three individuals sharing costs equally?

Answer: 828 workers will use the shared - ride mode.

Explanation: You can see the attached for a more detailed explanation.

7 0
3 years ago
Read 2 more answers
​Employees' beliefs in the degree to which they influence their work​ environment, their​ competence, the meaningfulness of thei
pogonyaev

Answer: Psychological empowerment

Explanation:

 The psychological empowerment is the term which refers to the work environment in which it reflecting the self motivation and control in the work.

This term is basically describe about the different types of perspective of an employees by internalization the goals in an organization.

According to the given question, the employees is basically belief in their degree and also influence the work environment in terms of self determination and they also perceived the autonomy.

 Therefore, Psychological environment is the correct answer.

7 0
4 years ago
Present Value of Bonds Payable; Premium Moss Co. issued $100,000 of four-year, 12% bonds, with interest payable semiannually, at
Xelga [282]

Answer:

The present of value of the bonds payable is $ 109,893.83  

Explanation:

The present value of the bonds payable is the present of semiannual coupon payments as well as the repayment of face value in year 4.

coupon payments =$100,000*12%*6/12=$6,000

Face value receivable in year 4 is $100,000

Find attached spreadsheet detailing the computation of present value

Download xlsx
8 0
4 years ago
Which of the following examples shows an effective way of dealing with the international element of OB? Group of answer choices
Inga [223]

Answer:

B)  Nancy adjusted her approach with an employee from South Korea because he had different motivations than U.S. employees.

Explanation:

3 0
3 years ago
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