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
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.

You might be interested in
The three legal forms of business ownership are _____.
fredd [130]
The three legal forms of business ownership are partnership, sole proprietorship, and corporation. The correct option among all the options that are given in the question is the fourth option or the last option or option "d". I hope that this is the answer that has actually come to your desired help.
8 0
3 years ago
Read 2 more answers
What does it mean to describe deposit insurance as undermining market discipline​? Because ▼ most few depositors are fully​ insu
Katena32 [7]

Answer:

most

little

risk taking

regardless of

Explanation:

The FDIC insures the deposits of depositors.

The Federal Deposit  Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited

Because banks knows that the deposit of customers are insured, it increases their risk taking. this is known as adverse selection

7 0
3 years ago
What is one thing the government does as it enforces consumer-protection
jasenka [17]

Answer: B: test products such as drugs and automobiles for safety

Explanation: âpex learning

3 0
3 years ago
The nation of Aquilonia has decided to end its policy of not trading with the rest of the world. When it ends its trade restrict
djverab [1.8K]

Answer:

higher in the steel market, lower in the rice market, and unchanged in the TV market

Explanation:

Producer surplus can be defined as the variance between the amount an individual or nation is willing to take for certain quantity of a product versus the amount they receive when the goods are sold at the market value. For the nation of Aquilonia to be importing rice that means producer surplus is higher because the variance is low, it will export rice because the producer variance is low, and hence it wants to give to other countries. But since it is neither exporting nor importing TV, that means that the producer surplus remained the same even after the change in policy.

7 0
4 years ago
What is profitability
kkurt [141]

Answer:

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business). Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use.

Income formation in market production is always a balance between income generation and income distribution. The income generated is always distributed to the stakeholders of production as economic value within the review period. The profit is the share of income formation the owner is able to keep to themselves in the income distribution process. Profit is one of the major sources of economic well-being because it means incomes and opportunities to develop production. The words "income", "profit" and "earnings" are synonyms in this context.

3 0
2 years ago
Other questions:
  • The average cell phone bill is $78 with a standard deviation of $10. What is the minimum percentage of cell phone bills that wil
    9·1 answer
  • Which one of the following is not an ownership right of a stockholder in a corporation?
    13·1 answer
  • Fifo is preferred when purchase costs are rising and managers have incentives to report higher income for reasons such as bonus
    15·1 answer
  • Laura sells two sizes of ice cream: pints and gallons. She earns $3.50 for each pint she sells, and $10 for each gallon. If she
    9·1 answer
  • Which of these is a successful time to management strategy
    11·1 answer
  • Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $29 in cash along with receipts for th
    6·1 answer
  • Half of brainly rn <br> ...............
    6·2 answers
  • The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified:
    6·1 answer
  • Yield management pricing is ______. Multiple choice question. setting a price a few cents or a few dollars below an even number
    11·1 answer
  • Q 10.1: Sukui Electronics decided to expand their product line to include GPS trackers. They estimate that over the next 3 years
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!