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emmasim [6.3K]
3 years ago
8

A company that uses the allowance​ method, writesminusoff a receivable of $ 6 comma 000. Prior to the journal​ entry, the credit

balance in the Allowance for Uncollectible Accounts was $ 19 comma 432 and Accounts Receivable were $ 2 comma 005 comma 000. After the entry to writeminusoff the receivable is​ made, the net realizable value of Accounts Receivable will​ be: _______
Business
1 answer:
o-na [289]3 years ago
3 0

Answer:

The net realizable value of Accounts Receivable = 1,985,538

Explanation:

The journal​ entry will be: Allowance for Uncollectible Accounts (Debit - Decreased) 6,000 and Accounts Receivable (Credit - Decreased) 6,000.

After the journal​ entry the credit balance in the Allowance for Uncollectible Accounts will be: 2,005,000 - 6000 = 1,999,000, and the debit balance in Allowance for Uncollectible Accounts will be: 19,462 - 6,000 = 13,462.

Then net realizable value of Accounts Receivable will be: 1,999,000 - 13,462 = 1,985,538.

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According to theory, sales employees compensated based on commissions should be more motivated than if paid a straight hourly wa
andrezito [222]

Answer:

Expectancy Theory

Explanation:

The expectancy theory basically talks about how individuals will behave or react in a certain way because they are motivated and as a result choose to act in accordance or react to specific situations due to what they expect the results to be.

8 0
3 years ago
Read 2 more answers
Which statement is false? A. A monopoly sells lower-quality products at higher prices than in a perfect competition. B. Natural
NeX [460]

Answer:

The correct answer would be option E, Homogeneous products leave consumers with no choice, which means this statement is False.

Explanation:

Homogeneous products leave consumers with no choice is the False statement, because homogeneous products are the products which cannot be differentiated or distinguished from each other. They have almost exact physical characteristics and properties. People cannot differentiate the products of different suppliers.

So homogeneous products have a lot of substitutes, people have a vast choice range for such products. For example if you go for grocery, you can find different apples coming through different suppliers from different countries, and you are clearly not able to differentiate between them, yet you have a vast range of choice to select from the apples you like.

4 0
3 years ago
Your company is considering purchasing a machine for $270,000. This machine will bring revenues of $100,000 in the second year,
kumpel [21]

Answer:

Yes we should go with this project because it has a positive NPV of $4,350

Explanation:

We need to calculate the net present value of the machine to decide whether to invest in the machine or not.

As per Given Data

Costs $270,000

Cash Inflows

Year 2      $100,000

Year 3      $150,000

Year 4      $75,000

Interest Rate = 6%

Net Present Value

As we know Net Present value is calculated by discounting each years cash flows using using the Weighted Average cost of Capital.

Year       Cash Inflows    Discount factor 13%  Present values

Year 0      $(270,000)     (1+6%)^-0                 $(270,000)

Year 2      $100,000        (1+6%)^-2                 $89,000

Year 3      $150,000        (1+6%)^-3                 $125,943

Year 4      $75,000          (1+6%)^-4                 <u>$59,407  </u>

Net present value                                            <u>$4,350   </u>

7 0
3 years ago
According to the Law of Supply and Demand, what will happen when supply increases?
Allushta [10]
B? I don’t really know?
7 0
3 years ago
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The benefits of comparing actual performance of the operations against planned goals include all of the following except:_______
laiz [17]

Answer:

c. determining how managers are performing against prior year's operating results.

Explanation:

Management compare actual performance against planned goals to enable them evaluate deficiencies in the actual performance which can give directions to areas that should be improved upon. Moreover, comparing actual performance and planned goals expose deficiencies in the system which management would take into consideration when making future plan hence eliminate unplanned expenditures.

Again, there is also identification of priorities to accomplish objectives when actual performance are compared against planned goals.

8 0
3 years ago
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