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BaLLatris [955]
3 years ago
7

Allowance for Doubtful Accounts has a debit balance of $1,100 at the end of the year (before adjustment), and an analysis of cus

tomers' accounts indicates uncollectible receivables of $12,900. Which of the following entries records the proper adjustment for Bad Debt Expense?
(A) debit Allowance for Doubtful Accounts, $14,000; credit Bad Debt Expense, $14,000(B) debit Bad Debt Expense, $14,000; credit Allowance for Doubtful Accounts, $14,000(C) debit Allowance for Doubtful Accounts, $11,800; credit Bad Debt Expense, $11,800 (D) debit Bad Debt Expense, $11,800; credit Allowance for Doubtful Accounts, $11,800
Business
1 answer:
Nesterboy [21]3 years ago
7 0

Answer:

(B) debit Bad Debt Expense, $14,000; credit Allowance for Doubtful Accounts, $14,000

Explanation:

allowance fordoubtful accounts 1,100 debit

expected uncollectible               12,900

adjustment                                 14,000

We have to adjust to react the 12,900 as ending balancefor the allowance so we have to adjust as much as it takes to be 12,900 balance.

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Your portfolio has a beta of 1.28. The portfolio consists of 35 percent U.S. Treasury bills, 31 percent Stock A, and 34 percent
Zarrin [17]

Answer:

2.85

Explanation:

U.S. Treasury bills are a risk-free asset, and thus have a beta of zero. Since Stock A has a risk-level equivalent to that of the overall market, its beta is one. Therefore, the beta for Stock B can be found by:

1.28=0.35\beta_{T}+0.31\beta_{A}+0.34\beta_{B}\\1.28 = 0.35*0+0.31*1+0.34\beta_{B}\\\beta_{B}=\frac{1.28-0.31}{0.34}\\ \beta_{B}=2.85

The beta of Stock B is 2.85.

6 0
3 years ago
A private university offers graduate assistantships to qualified students each year. In exchange for the waiver oftuition, gradu
alina1380 [7]

Answer:

A. tuition revenues of $4,000 and expenditures of $4,000.

Explanation:

If the student is not employed as a graduate assistant required to assist faculty members with research and other activities, we will have one:

a. The student will have to pay $4,000 tuition. This is a revenue to the university.

b. The private university will employ a research assistant and pay him $4,000. This an expenditure to the university.

Therefore, this transactions have to be required as highlighted in a. and b. above to track the actual revenue and expenditure implication of the waiver despite cash does not exchange hands.

7 0
3 years ago
Karen Smith bought Coca-Cola stock for $475 on March 31, 20X1. On November 15, 20X1, Karen received a non-taxable distribution o
Murrr4er [49]

Answer:

$20 loss

Explanation:

Karen Smith bought a coca-cola stock for $475 in March 31, 20X1

She received a non taxable distribution of $155 on November 15, 20X1

The first step is to calculate the adjusted basis

= $475-$155

= $320

Karen sold the stock for $300 on December 22, 20X1

Therefore, her gain or loss on the sale can be calculated as follows

= $300-$320

= $20 loss

Hence Karen has a loss of $20 on the sale

7 0
2 years ago
match the business analytic tool with the question it sets out to answer. question 30 options: optimization statistical analysis
USPshnik [31]

The correct answers are 1:D, 2:C, 3:D, and 4:A for the business model and questions related to it.

This can be explained as follow:

                    Questions--- Business models

1. Why is this happening?- Statistical analysis

2. What if these trends continue?- Forecasting/extrapolation model

3. What will happen next?- Predictive modeling

4. What is the best that can happen?- optimization model

The complete question is:

Match the business analytic tool with the question it sets out to answer. options of questions are:

1. Why is this happening?

2. What if these trends continue?

3. What will happen next?

4. What is the best that can happen?

Match them with the following models:

A. Statistical Analysis

B. Predictive modeling

C. Forecasting/extrapolation

D. Optimization

To learn more about financial analysis please click on the given link: brainly.com/question/28388002

#SPJ4

6 0
9 months ago
What can give working people information about their fields, including conferences and leadership opportunities in those fields?
Semenov [28]

Answer:

a professional organization

Explanation:

A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.

A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.

8 0
2 years ago
Read 2 more answers
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