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3 years ago

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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

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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What is plagiarism? a. Stealing a digital image through a file-sharing network. c. Claiming someone else's written work as your

xz_007 [3.2K]

The answer is ♦<span>Claiming someone else's written work as your own.♦</span>

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4 years ago

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Kenneth is admired as a manager because of his ability to work well with others to get things done. Which type of skill is Kenne

riadik2000 [5.3K]

Answer:

Is teamwork skills

Explanation:

Working well in a team mean:

Work with a group to achieve a goal or shared result effectively

Listen to team members.

Take into account the ideas of all the team

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3 years ago

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Which of the following statements is CORRECT? Group of answer choices Unlimited liability and limited life are two key advantage

Pepsi [2]

Answer:

The correct statement is; Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in financial markets because of the complexity of this form of organization.

Explanation:

A limited company can either be private or public. A limited company posses these 2 key features namely;

1. Limited liability- the liability of shareholders is limited to the amount of their investment in the company.

2. Seperate legal existence- a limited company can in it's name sue, be sued and enter into contracts.

Limited liability means that the investors can only lose the money they have invested and no more, meaning lenders have to keep this in mind when issuing loans to limited companies.

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3 years ago

According to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at th

Sergio [31]

You would have $10.50 just double the rate

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3 years ago

Fusaro Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year.

andrew-mc [135]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Fusaro Corporation uses a predetermined overhead rate base on machine-hours.

Estimated total fixed manufacturing overhead= $684,000

Estimated activity level= 40,000 machine-hours

Actual activity level 37,700 machine-hours

First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 684,000/40,000= $17.1 per machine hour

Now, we can allocate the manufacturing overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 17.1* 37,700= $644,670

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3 years ago