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LenKa [72]
4 years ago
14

On December 31, 2021, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,600. The company e

stimates that $1,200 of the year-end receivables will not be collected. Accounts receivable in the 2021 balance sheet will be valued at:
Business
1 answer:
dusya [7]4 years ago
4 0

Answer:

In the balance sheet the firm will disclosure the Account receivables for his net value that is after reducing the expected uncollectible amounts

The net A/r will be of 52,400

Explanation:

he company will do an adjusting entry to create a contra-asset account to represent the net amount of receivables:

bad debt expense 1,200 debit

    allowance for doubful expense 1,200 credit

Now, it will use the allowance account to reduce the account receivables balance:

accounts receivables    53,600

allowance                   <u>     (1,200)   </u>

net                                   52,400

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A large decrease in oil prices is an example of: _________
Dafna11 [192]

Answer:

d. Excessive aggregate spending

8 0
2 years ago
Hickory Hills Pro Shop had a balance in the Accounts Receivable account of
MArishka [77]

Answer:

1) 9.5 times.

Explanation:

Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable

Average accounts receivable = beginning accounts receivable + closing accounts receivable / 2

= $800,000 + $900,000/2

=$1,700,000 /2

=$850,000

Accounts Receivable Turnover Ratio = $8,040,000/$850,000

Accounts Receivable Turnover Ratio  = 9.4588

=9. 5

3 0
3 years ago
Trade agreements can cause jobs to go to countries that provide those jobs
Kryger [21]

Answer:

efficiently.

Explanation:

A trade agreement can be defined as a pact or treaty signed between two or more countries to encourage the free flow (import and export) of goods and services among its members, as well as eliminating or reducing trade barriers such as quotas, tariffs on goods traded.

Trade agreements can cause jobs to go to countries that provide those jobs efficiently because all business entities or firms want to have competitive advantage over its rivals. Thus, business owners who have signed a treaty with other countries would tend to outsource or recruit workers from countries that provide their services efficiently.

5 0
3 years ago
With respect to market segmentation, the 80-20 principle has been applied to segmenting markets based on
never [62]

Answer:

This principle is based on the idea of Vilfredo Pareto, an Italian economist that stated 80% of the results are concentrated in 20% of the activities executed. In Business, this idea is extrapolated as 80% of results come from 20% of the clients.

Explanation:

8 0
3 years ago
The recession of 20072009 made many consumers pessimistic about their future incomes. how does this increased pessimism affect t
Arisa [49]

The increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.

<h3>What is Aggregate Demand Curve?</h3>

An aggregate demand curve can be described as curve that shows the total spending that is made on domestic goods and services based on different price levels.

When the aggregate demand curve shifts to the right, it means demand is increased. However, wen aggregate demand curve shifts to the left, it means demand decrease.

Recession that happened in 2007-2009 that made many consumers pessimistic about their future incomes discourages buying. This leads to a decrease in demand which will make the aggregate demand curve to shift to the left.

Therefore, the increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.

Learn more about aggregate demand curve on:

brainly.com/question/17118208

#SPJ4

4 0
2 years ago
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