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Basile [38]
3 years ago
15

During its first year of operations, mack's plumbing supply co. had sales of $630,000, wrote off $10,100 of accounts as uncollec

tible using the direct write-off method, and reported net income of $69,300. determine what the net income would have been if the allowance method had been used, and the company estimated that 1 3/4% of sales would be uncollectible.
Business
1 answer:
Reil [10]3 years ago
3 0
<span>The answer is 516,250 by first calculating expenses (6,500,000-40,000-expenses=590,000), net income = revenue-expenses.</span>
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A. Multiple password changes and verifications

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2 years ago
Based on the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is: Question 20
irina [24]

Answer:

c. half of the order quantity

Explanation:

Based on the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is <u>half of the order quantity</u>

Economic order quantity is a quantity which minimizes the ordering cost and holding cost  

Q = EOQ = \sqrt{2*D*S/ H} where  D = Demand unit, S = Order cost and H = Holding cost

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2 years ago
How does a Fire Prevention Plan benefit your workplace? Select the 2 answer options that apply. It’s less likely that a fire wil
lbvjy [14]

Answer:

It is less likely that  injuries will occur during an emergency  

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Explanation:

A fire prevention program eliminates or reduces the occurrence of fires by training people in fire safety.

The fire prevention plan should include: The list of all <em>major fire hazards, proper storage procedures  and handling procedures for hazardous materials, the various types of fire protection equipment required to control major hazard, potential ignition sources and their control</em><em><u>. </u></em>

A fire needs fuel, heat and oxygen, without oxygen, fuel and heat a fire cannot start. So the strategy to prevent fire should try to remove one of more of these elements.

5 0
3 years ago
Read 2 more answers
It is important for modern firms to build and maintain ______ by conducting ethical and transparent transactions.
r-ruslan [8.4K]

The singular thing which is important for modern firms to build and maintain by conducting ethical and transparent transactions is:

  • Consumer trust

<h3>What is Consumer Trust?</h3>

This refers to the belief which a customer has in a particular business, usually because of its ethical and transparent practises.

With this in mind, we can see that if modern firms fail to build this consumer trust, then they stand the risk of losing their customer base to their competition.

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4 0
2 years ago
This is a classic retirement problem. A time line will help in solving it. Your friend is celebrating her 35th birthday today an
xeze [42]

Answer:

a. $21,725.65

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c. 27,421.32

Explanation:

Savings = 125,000

Annuity Formula :

(\frac{1}{1.07})^{30} [  \frac{125,000}{0.07} ( 1 - \frac{1}{1.07 ^}^{20} ) ] = \frac{A}{0.07} ( 1 - \frac{1}{0.07 ^ } ^{30} )

Solving the equation we get,

A  = $21,725.65

7 0
3 years ago
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