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leonid [27]
3 years ago
7

Use the following information to answer the next two questions: Q14 and Q15. The Cavallas Co. had the following balances in sele

cted accounts on 12/31/10. Balances in Selected Accounts: Account Debit Credit Accounts receivable 100,000 Allowance for doubtful accounts 1,000 Bad Debt Expense 0 Sales 500,000 Sales returns 50,000 14. The company estimates that 4% of Accounts Receivable will never be collected. The adjusting journal entry to record the estimate of bad debt expense is:
Business
1 answer:
Annette [7]3 years ago
3 0

Answer:

Debit bad debt with $4,000, and credit Accounts receivable also with $4,000.

Explanation:

New bad written off = Accounts receivable × 4% = $100,000 × 4% = $4,000

The journal entries will be as follows:

<u>Details                                            Dr ($)                 Cr ($)          </u>

Bad debt                                        4,000

Accounts receivable                                                4,000

<u><em>Being a bad written off the accounts receivable                      </em></u>

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Construction managers can be salaried employees or work for___________.
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compianies or whoever hires the construction workers.

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3 years ago
Anthony's Refrigerator Pasta tries to offer higher-quality food products, more product variety, and wider distribution than its
Andreyy89

Answer:

It is differentiation strategy A)

Explanation:

Differentiation strategy : this  focuses on providing a product or a service with distinctive attributes, in comparison with what other competitors are offering in order gain competitive advantage. The company adopting this strategy must continuously innovate and ensure the quality features of their  products and services embraced by the customers are sustained and improved upon .

Concentration strategy : here, company is using differentiation strategy but focusing on a particular niche of the market.

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6 0
2 years ago
I lost my bestfriend. Omg I can't take it.​
DIA [1.3K]

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6 0
2 years ago
Read 2 more answers
Which statement is true?
Vikki [24]

Hewo, Your answer is <em>"Taxes paid to the government have no direct effect on the economy". </em>The First is incorrect because savings save money, and do not leak any income. Number 2 is incorrect because Companies and Businesses pay wage to employees, and not employees pay to the business. And Exports, earn money, because you sell and export a product. Hence the logical answer is #4.

8 0
3 years ago
The management of dominican sugar company is considering whether to process further raw sugar into refined sugar. refined sugar
horsena [70]

We shall Ignore cost of sugar cane at $0.36 per pound, as its going to be incurred for both processes.

Lets find the cash flow from not processing further:

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Lets find the cash flow from Processing Further:

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Total Cash Flow $54995

As can be observed, the organisation earns more when they sell raw sugar, Thus sugar should not be processed further.

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3 years ago
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