1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
creativ13 [48]
3 years ago
8

Accounts Receivable has a balance of $5,000​, and the Allowance for Bad Debts has a credit balance of $420. The allowance method

is used. What is the net realizable value of Accounts Receivable after a $140 account receivable is written​ off?
Business
1 answer:
ElenaW [278]3 years ago
4 0

Answer:

Net realizable value of Accounts Receivable is $4,580

Explanation:

Balance in allowance for uncollectible account= Balance before write off - Account written off

=$420 - $140

=$280

Net realizable value of accounts receivable is:

Particular                                                Amount

Accounts Receivable balance               $5000

Less: Account written off                         <u>$140</u>

Balance after write off                             $4860

Less: Allowance for uncollectible          

account from step 1                                  <u>$280</u>

Net realizable value                                <u>$4,580</u>

You might be interested in
Secondary data is often gathered primary data
AlexFokin [52]

Answer:

Is often gathered BEFORE primary data

Explanation:

:)

7 0
2 years ago
Read 2 more answers
Assume that Thomas can afford to buy as many candy bars and ice cream cones as he wants. He would continue to consume both candy
deff fn [24]

Answer:

Marginal utility of each becomes negative

Explanation:

Utility is defined as the level of satisfaction that a person gets from consuming a product.

The person keeps on consuming the item until the level of marginal utility for the product becomes less than zero.

That is there is no satisfaction anymore in consuming the product.

In the given instance Thomas will continue to consume both candy bars and ice cream until the level of satisfaction (marginal utility) is now less than zero or negative

3 0
3 years ago
An oral auction has bidders willing to pay $4, $6, $9, $12, $13, and $15 for an item. The winning bidder will pay a little more
Fiesta28 [93]

Answer: $13.25

Explanation:

From the question, we are informed that an oral auction has bidders willing to pay $4, $6, $9, $12, $13, and $15 for an item.

Based on the above scenario, the winning bidder will pay a little more than $13 or $13.25. This is because the bidder with the highest pay is willing to pay $15 but since the next person is willing to pay $13, that means the next bidder will price it at an amount that is a little bit above $13 which is $13.25.

5 0
3 years ago
When they need stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt a __
jekas [21]
The answer to the question is "MATRIX Structure".

The Matrix structure is a structure when the organization needs a stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt this structure. This type of structure is a combination of functional and divisional chains.
3 0
3 years ago
On March​ 15, Maxwell Plush sold and shipped merchandise on account for​ $6,000 to Kittson Amusement​ Park, terms FOB shipping​
a_sh-v [17]

Answer:

(a)- Its assets will​ increase, as will its equity

Explanation:

The commercial terms state FOB shipping​ point therefore the transfer succeeds once the cargo enter the port.

The sale is thus completed. The revenue can be recognize thus, increasing the company's equity and assets.

Account receivable(+Assets)     debit

             Sales Revenue(+Equity)           credit

8 0
3 years ago
Other questions:
  • Your father has $500,000 invested at 8%, and he now wants to retire. He wants to withdraw $50,000 at the end of each year, begin
    11·1 answer
  • Which of the following is likely to occur as the result of the law of diminishing marginal​ utility? A. ​Petra's utility from he
    10·1 answer
  • Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The comp
    9·1 answer
  • 1. The Statute of Frauds prevents the enforcement of a(n) ______ contract, which is a contract in which the parties have not ___
    10·1 answer
  • Indicate how each of the following would shift the (1) marginal-cost curve, (2) average-variable-cost curve, (3) average-fixed-c
    6·1 answer
  • Which one of the following statements related to the internal rate of return (IRR) is correct? Multiple Choice Financing type pr
    11·1 answer
  • Simplify (27) 2/3 x (125) 1/3 step by step explanation plz​
    5·1 answer
  • What benefit dose a corporation have that a partnership and sole proprietorship do not
    8·1 answer
  • Dufner Co. issued 17-year bonds one year ago at a coupon rate of 6.3 percent. The bonds make semiannual payments. if the YMT on
    12·1 answer
  • A contractor must decide between two jobs. One job is a bathroom renovation in a residential home. The other is the construction
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!