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bija089 [108]
2 years ago
14

The amount of uncollectible accounts at the end of the year is estimated to be $35,000, using the aging of accounts receivable m

ethod. The balance in the Allowance of Doubtful Accounts account is an $12,000 credit before adjustment. What is the adjusted balance of the Allowance for Doubtful Accounts at the end of the year? Multiple Choice $12,000. $35,000. $47,000. $23,000.
Business
1 answer:
vladimir2022 [97]2 years ago
6 0

Answer:

$35,000

Explanation:

As the Allowance of Doubtful Accounts account  already has the balance of $12,000, and we need $35,000 at the end of the year. We know that Allowance of Doubtful Accounts account account has credit nature so it needed $23,000 ($35,000 - $12,000) to be adjusted at the end of the year to make the adjusted balance equals to $35,000. So, the adjusted account balance will be $35,000.

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The labor-supply curve is affected by the trade-off between labor and leisure.
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TRUE.

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1 year ago
Which filter can be used to find a specific project when in the work area?
ANEK [815]

The filter that can be used to find a specific project when in the work area is: Project name.

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6 0
1 year ago
When managers organize divisions according to the types of customer to whom they market their products, they are focusing on a p
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6 0
2 years ago
Restaurant Brands International Inc. (RBI) describes itself as follows in its first Restaurant footnote: "We franchise and opera
Tasya [4]

Answer and Explanation:

Data provided

Depreciation = $185 million

The Journal entry is shown below:-

Depreciation expense  $185 million  

      To Accumulated depreciation $185 million

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5 0
3 years ago
You invested 50% of the wealth in stock A and the remaining 50% in stock B. The expected rates of returns on A and B are given b
tresset_1 [31]

Answer:

B. 1.291%

Explanation:

The computation of the standard deviation is shown below;

= 2000 + 2001 + 2002 +  2003

= 0.5 × 14% + 0.5 × 16% + 0.5 × 15% + 0.5 × 17% + 0.5 × 16% + 0.5 × 18% + 0.5 × 17% + 0.5 × 19%

= 15% + 16%  + 17% + 18%

= stdev( 15% + 16%  + 17% + 18%)

= 1.291%

Hence, the correct option is b.

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