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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:

Operating cash flows

Explanation:

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NPV is a capital budgeting method used to determine profitable investments

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The PHS regulations about financial conflict of interests require which party to disclose significant financial conflicts of int
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C. Researcher

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3 years ago
Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisio
abruzzese [7]

Answer:

Please check the info below

Explanation:

1. For Osaka

Margin =  Net Operating Income / Sales *100

= $ 792000 / $9900000 *100

= 8.00%

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= $ 9900000 / $ 2475000 * 100

= 4.00%

ROI =  Margin * Turnover

= 8% *4 %

= 32.00%

Hence the correct answer is 32.00%

For Yokohama :

Margin =  Net Operating Income / Sales *100

= $ 2900000 / $ 29000000*100

= 10.00%

Turnover = Sales / Average Operating Assets * 100

= $ 29000000 / $ 14500000* 100

= 2.00%

ROI =  Margin * Turnover

= 10% *2 %

= 20.00%

Hence the correct answer is 20.00%

2. The correct answer is  

Osaka = $ 371,250

Yokohama = $ 435,000

3. The correct answer is No

This is because since Osaka has a higher ROI, Yokohama’s greater amount of residual income is not an indication that it is better managed

4 0
3 years ago
During an interview, Garrett makes sure to keep his palms facing upward. What does this suggest to the interviewer?
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I think its A. That he is Honest
5 0
2 years ago
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Answer:

Texia; Texia

Explanation:

A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

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Texia can produce 500 units of clothing while Urbania can produce 200 units of clothing. Texia produces more clothing

Texia has an absolute advantage in both activities

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