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bija089 [108]
3 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]3 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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Answer:

attached below

Explanation:

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3 years ago
The sense of urgency with respect to entrepreneurship tends to increase in European countries and other places where unemploymen
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Answer:

The answer is True

Explanation:

Yes, It is not true that the sense of urgency with respect to entrepreneurship tends to increase in European countries and other places where unemployment benefits and other social services are well established and pay high rates.

This is because:

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3 years ago
Carnival Enterprises produced 8,000 completed units of a product. According to manufacturing specifications, standard hours for
puteri [66]

Answer:

C. $3,400 F

Explanation:

The computation of the direct labor rate variance is shown below:

Direct Labor Rate Variance  

= (Standard rate - Actual rate) × Actual hours

= ($12 - $200,600 ÷ 17,000 labor hours) × 17,000 direct labor hours

= ($12 - $11.8) × 17,000 direct labor hours

= $3,400 favorable  

Since standard cost is more than the actual cost which leads to favorable balance

6 0
3 years ago
What is one reason why a business may incorporate a dress code?
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Answer:

d

Explanation:

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The straight-line depreciation method and the double-declining-balance depreciation method: Multiple Choice Are acceptable for t
fiasKO [112]

Answer:

The straight-line depreciation method and the double-declining-balance depreciation method:

Produce the same total depreciation over an asset's useful life.

Explanation:

The straight-line and the double-declining-balance depreciation methods are two of the four depreciation methods allowed by US generally accepted accounting principles (GAAP).  The other two methods are sum of the years' digit and units of production.  The straight-line method is calculated by subtracting the salvage value from the asset's cost and either dividing the depreciable amount by the number of years or applying a fixed rate on the depreciable amount.  For the double-declining-balance method, 100% is divided by the number of years of the asset's useful life and then multiplying by 2 to obtain the depreciation rate.  Depreciation expense is then calculated on the declining balance until the salvage value is left.  This is why they produce the same depreciation over the asset's useful life.

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3 years ago
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