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Step2247 [10]
3 years ago
7

Allowance for doubtful accounts has a debit balance of $433 at the end of the year (before adjustment, and bad debt expense is e

stimated at 2% of net sales. if net sales are $549,230, the amount of the adjusting entry to record the estimate of the uncollectible accounts is
Business
1 answer:
Debora [2.8K]3 years ago
4 0
I think that this question was asked by a bot made by brainly.
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Patti would like more information about product recalls. Which of the following resources would not be reliable and relevant?
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Newspaper written by an expert
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3 years ago
Christian Wolff, an infamous accountant (and martial artist), is injured while shutting his computer desk drawer in his office a
elena55 [62]

Answer:

D

Explanation:

Whether or not workers compensation applies to this situation depends on the office policy regarding the proper closing of computer desk drawers.

6 0
3 years ago
The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound of butter they sup
Tamiku [17]

Answer:

a) he equilibrum quantity is 95 million pounds of butter and the equilbrum price is $1.20 per pound. At this level, both demand and supply is 95 million.

b) 0 or no surplus.

Explanation:

The question is in three parts

a) a. In the butter market, the monthly equilibrium quantity is million pounds and the equilibrium price is $ per pound

The equilibrum price and quantity refers to that point in sales where the quantity demanded = the quantity supplied.

Looking at the schedule, the equilibrum quantity is 95 million pounds of butter and the equilbrum price is $1.20 per pound. At this level, both demand and supply is 95 million.

b) What is the monthly surplus created in the wholesale butter market due to the price support (price floor) program?

First, what is the price floor fixed by the government = $1.00 per pound and at this rate, the demanded quantity is 101 million and the quantity supplied is 79 million pounds.

Hence, the monthly surplus = 79 million pounds - 101 million pounds = -22 million pounds

At this price, there is no surplus

7 0
3 years ago
Bill Wessels has reviewed the strategic plan from corporate headquarters and is considering how to develop an annual business pl
LekaFEV [45]

Answer:

Bill is probably a(n)

SBU manager.

Explanation:

Bill Wessels, as a strategic business unit (SBU) manager, is responsible for strategic planning, profitability, and performance of his business unit.  The  SBU is a separate identifiable business unit in an entity with other SBUs. It has a manager, who is largely autonomous in pursuing the business mission of the unit.  It manages and accounts for its resource utilization separately from other units.  Its performance is evaulated based on set criteria.

5 0
3 years ago
Bond issuance: 20% of total funds, requires 15% interest per year Bank loan: 60% of total funds, requires 9.5% interest per year
Anettt [7]

Answer: 28.57%

Explanation:

Average return given the variables will be;

Average rate of return = \frac{Annual net income}{Average investment}

Average rate of return = \frac{1,000,000}{\frac{7,000,000}{2} }

Average rate of return  = 1,000,000/3,500,000

Average rate of return = 28.57%

4 0
3 years ago
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