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
dimulka [17.4K]
3 years ago
6

Using the percentage of net sales method, uncollectible accounts expense for the year is estimated to be $54,000. If the balance

of the Allowance for Uncollectible Accounts is an $18,000 credit before adjustment, what is the balance after adjustment?
A) $18,000
B) $54,000
C) $72,000
D) $38,000
Business
1 answer:
PilotLPTM [1.2K]3 years ago
6 0

Answer:

The correct answer is c) $72,000

Explanation:

(Using the percentage of net sales method)

  • Uncollectible accounts expense for the year is estimated to be $54,000

  • If the balance of the Allowance for Uncollectible Accounts is an $18,000 credit before adjustment.

$54,000 + $18,000= $72,000

The balance after adjustment is $72,000

You might be interested in
Owing to globalization and rapid technological change over the past few decades, the major contemporary issues in management lie
Natasha_Volkova [10]

Answer:

The five Specific forces acting as stimulants for change are (1)Globalization, (2)Social trends (3)Competition (4)Changes in Technology (5)Changes in Law and political behavior.

Explanation:

Solution

The Five specific forces as stimulants for change is stated below:

  • Globalization: globalization has also affected the domestic organizations more often. Globalization has led to the increase of the competition for every industry. for this, every domestic business would have to adopt some change is in its operations to maintain its market share and to get a competitive advantage over others.
  • Social trends: social trends in any market would act as a stimulus for organizational environment and change as they would help the business get a first-mover advantage. for example, any social movement such as ripped jean or Bell bottom jeans, made the various companies in the same industry to adopt some changes.
  • Competition: the entrance of new competition in the market forces the existing business organizations to acquire some changes to get a competitive advantage.
  • Changes in technology:  It is one of the significant changes in the business environment, which acts as a substance for the change in the organization. If any business wants to prosper and survive for a longer period, then it would have to acquire changes according to the technological changes in the environment to attend the competitive environment and a continually increasing market share.
  • Changes in law and political behavior: if there are changes in government or law in any country, it may bring some changes for the business. It would force the business to adopt such changes. for example some laws related to the environmental Protection force are the business to produce environment-friendly products and adopt green technology.
8 0
3 years ago
19. Someone who lobbies on behalf of a company that he or she works for as part of his or her job is ________.
Elanso [62]

Answer:

B. an in-house lobbyist.

Explanation:

Someone who lobbies on behalf of a company that he or she works for as part of his or her job is an in-house lobbyist.

Lobbyists are generally intermediaries between a client or organization and the lawmakers. Lobbying can also be said to be the act of trying to persuade governments to make decisions or support something

5 0
3 years ago
A recession tends to cause the federal budget deficit to ________ because tax revenues ________ and government spending on trans
alexandr1967 [171]

Answer:

increase; fall; rises 

Explanation:

A recession is when there's a contraction in economic activities. It is when the GDP of a country is negative for two consecutive quarters.

When there's a recession, the government undertakes expansionary fiscal policy to stimulate the economy. Therefore, the government would increase its spending or reduce amount of tax paid. Therefore , government spending rises.

Also, during a recession, tax revenues falls because income of individuals, firms fall and therefore revenue from tax would fall.

I hope my answer helps you.

5 0
3 years ago
Calculate the real dollar rate of return on a 10,000 pound sterling deposit in a London bank in a year when the interest rate on
nirvana33 [79]

Answer:

The real rate of return is 23.0%.

Explanation:

This can be calculated as follows:

Gain due to dollar depreciation = (1.65 - 1.31) / 1.31 = 0.260, or 26.0%

Inflation rate = Increase in dollar price = 9%

Real rate of return = (Gain due to dollar depreciation + Interest rate on pounds) - Inflation rate = (26.0% + 6%) - 9% = 23.0%

Therefore, the real rate of return is 23.0%.

3 0
3 years ago
Acton Company is a price-taker and uses target pricing. Refer to the following information: With the current cost structure, Act
Degger [83]

Answer:

To reduce the target fixed costs per year:

Explanation:

They might reduce ad costs, paid research channels, reengineering staff and workforce employees, reduce power consumption through sustainable actions like open windows instead of using air-conditioned, natural light might also be introduced.

5 0
3 years ago
Other questions:
  • A one-brand-name strategy is useful when the marketer wants the brand to appear to be a local brand, or when regulations require
    6·1 answer
  • An investor purchases a 12-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of in
    8·1 answer
  • A project with an initial investment of $449,300 will generate equal annual cash flows over its 10-year life. The project has a
    10·1 answer
  • The Fama-French 3 factor model contains... Group of answer choices market, momentum, and liquidity risk factors none of the answ
    13·1 answer
  • In recent years, rules have tightened such that those who work for the U.S. government in trade negotiations are now restricted
    7·1 answer
  • Which activity is an example of a timed-based goal?
    9·1 answer
  • A debit in the T-Account for 'Cash' may be balanced by a credit in which of the following?
    10·1 answer
  • Purchase goods on credit Rs. 2000 from sudip at 10% trade discount. ​
    14·1 answer
  • What is a step a bank can take to protect itself from loan defaults which can lead to recessions?
    9·1 answer
  • The moving-average forecasting method is a very good one when conditions remain pretty much the same over the time period being
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!