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Lerok [7]
3 years ago
5

Industrial Equipment Supply is a new business. During its first year of​ operations, credit sales were $ 45 comma 000and collect

ions of credit sales were $ 33 comma 000.One​ account, $ 725​,was written off. Management uses the agingminusofminusreceivablesmethod to account for bad debts expense and estimated $ 550as uncollectible at year end. The ending balance of the Allowance for Bad Debts is​ ________.
Business
1 answer:
Andrei [34K]3 years ago
3 0

Answer:

$600

Explanation:

The written down amount is $725, which is bad debt and provision is not required for it.

The increase in allowance for bad debt is always Written Off by using the provision and at the year end the amount that must have been written off is $600 which is the increase in the provision. This means that the Allowance for Bad Debts is​ $600.

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Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of $210,000 and accumulated deprecia
dezoksy [38]

Answer: Gain of $12,000

Explanation:

First off, what was the Net book value of the old sailboat?

= Cost Price - Accumulated Depreciation

= 210,000 - 84,000

= $126,000

They paid $101,000 in cash and received a trade in allowance of $138,000 bringing the value to $239,000.

What they should have received as the trade in allowance was the NBV of $126,000. Since they didn't they got a gain of,

= 138,000 - 126,000

= $12,000

Because this transaction has commercial substance, the gain would be $12,000.

6 0
3 years ago
An _______ is an activity to get you thinking about your project including your role, the challenge and objectives. Question 4 o
butalik [34]

Answer:

obstacle course

Explanation:

An obstacle course helps your mind to focus on your project or activities and gets your thought process going.

5 0
3 years ago
You are a marketing consultant and you have been hired to assist a client in deciding on a target marketing strategy that fits h
seraphim [82]

Answer:

Differentiated

Explanation:

A differentiated marketing strategy is the strategy where the company decided to provide the distinct offering to each kind of market but that should be targeted one. Each segment should be target in the way where the company gives the unique benefits for various kind of segments

Since in the given situation it is mentioned that there is the need to focus more than one market so here it should use the differentiated targeting strategy

5 0
2 years ago
2. What is a stock exchange?
Arlecino [84]

Answer: A stock exchange, share market or <em>Bourse </em>is a place where people meet to buy and sell shares of company stock. Some stock exchanges are real places, like the <em>New York Stock Exchange</em>, others are virtual places <em>the NASDAQ.</em>

Explanation:

5 0
3 years ago
1. 9.4. For process scheduling, does a low-priority value represent a low priority or a high priority?
sergeinik [125]

Answer:

Priority programming is a process programming method based on priority. In this technique, the developer chooses the tasks to work according to priority, which is different from other types of programming, for example, a simple round-robin.

On UNIX and many other systems, higher priority values represent lower priority processes. Some of the systems, such as Windows, use the opposite convention: a higher number means a higher priority

Explanation:

Priorities can be dynamic or static. Static priorities are assigned during creation, while dynamic priorities are assigned according to the behavior of the processes while they are in the system. To illustrate, the planner could favor intensive input / output (I / O) tasks, allowing expensive requests to be issued as soon as possible.

Priorities can be defined internally or externally. Internally defined priorities make use of a measurable amount to calculate the priority of a given process. On the contrary, external priorities are defined using criteria beyond the operating system (OS), which may include the importance of the process, the type and sum of the resources used for the use of the computer, user preferences , trade and other factors such as politics etc.

7 0
3 years ago
Read 2 more answers
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