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kozerog [31]
4 years ago
13

Gross Accounts Receivable is $12,000. Allowance for Doubtful Accounts has a credit balance of $600. Net sales for the year are $

100,000. In the past, 2% of sales had proved uncollectible, and an aging of the receivables indicates $1,900 as uncollectible. What would be the adjusted balance of the Allowance account under the balance sheet approach? A. $2,000 B. $1,400 C. $2,500 D. $1,900
Business
1 answer:
alexandr1967 [171]4 years ago
5 0
Under the balance sheet approach, the adjusted balance of the Allowance for Doubtful Accounts should be based on the aging of the receivables. The aging of the receivables provides<span> the amount of uncollectible receivable (ending balance). Therefore, the adjusting balance of ADA would be $1,900.</span>
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3 years ago
"karla is taking two classes for a total of six credit hours. therefore she should be spending a minimum of ________ hours for r
nasty-shy [4]
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4 years ago
Some risks can be mitigated
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True

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4 0
4 years ago
econ301 2. What advantages do franchise business offer nonprofit that seek side business to generate revenues to support their c
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6 0
4 years ago
How many dollars does "Johnson &amp; Johnson" make every 20 seconds?
pshichka [43]

Answer:

Johnson & Johnson make $51,433.28 every 20 seconds

Explanation:

<u><em>The complete question is</em></u>

I'm playing a riddle game thing and one of the questions is

"How many dollars does Johnson & Johnson make every 20 seconds?"

I found that they make 81.1 billion dollars yearly, but I have no clue how to get it to 20 seconds.

<u><em>Remember that</em></u>

1 year=365 days

1 day=24 hours

1 hour=60 minutes

1 minute=60 seconds

so

Convert year to seconds  

(365)(24)(60)(60)=31,536,000\ sec

1 billion=1,000 millions

1 billion=1*10^9

81.1 billion dollars=81.1*10^9 dollars

we have

81.1*10^{9} \frac{\$}{year}

Convert to $/sec

81.1*10^{9}\frac{\$}{year}=81.1*10^{9}/31,536,000=2,571.66\frac{\$}{sec}

Multiply by 20 sec

2,571.66(20)=\$51,433.28

therefore

Johnson & Johnson make $51,433.28 every 20 seconds

3 0
4 years ago
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