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krok68 [10]
3 years ago
9

__________ is a contra asset account representing the amount of accounts receivable that we do not expect to collect.

Business
1 answer:
maw [93]3 years ago
6 0

Answer:

Allowance for uncollectible accounts

Explanation:

This account is a contra asset account which says that the account receivable amount is not collected in near future

It is shown in the asset side of the balance sheet

Assets side

Current Assets

Accounts receivable                           XXXXX

Less: Allowance for doubtful debts   (XXXXX)

Net accounts receivable                       XXXXX

It is an estimated amount which is not to be paid by the customer in respect to goods delivered to them

The journal entry would be

Bad debt expense A/c Dr XXXXX

     To Allowance for uncollectible accounts A/c XXXXX

(Being the uncollected amount is recorded)

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Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are
nika2105 [10]

Answer: $480

Explanation:

The net cash inflow from operating activities on Packard's statement of cash flows for Year 2 will be calculated thus:

Revenue earned = $1000

Less : Expenses paid = ($520)

Operating cashflow = $480 inflow

The net cash inflow from operating activities on Packard's statement of cash flows for Year 2 will be $480.

8 0
3 years ago
The following information is available for Rodriguez Industries:
shepuryov [24]

Answer:

$183,200

Explanation:

Given that,

Direct labor = $86,000

Total current manufacturing costs = $381,000

Manufacturing overhead is applied to production:

= 130% of direct labor cost

= 1.30 × $86,000

= $111,800

Total manufacturing costs = Direct material + Direct labor + Manufacturing overhead.

$381,000 = Direct material + $86,000 + $111,800

Direct material = $381,000 - $86,000 - $111,800

                         = $183,200

Therefore, the amount of direct materials used in production is $183,200.

8 0
3 years ago
During the RFP stage, B2B buyers:
Thepotemich [5.8K]

Answer:

The correct answer is c. invite suppliers to bid on supplying what is requested.

Explanation:

B2B sales require special attention due to the profile of your buyer.

In this type of sale, buyers have a position much more linked to decision making, so they spend more time on a detailed and critical analysis of the proposal.

The B2B buyer chooses companies that allow the creation of strong business relationships, with a guarantee of supply and deadlines.

This is because B2B negotiations demand an effort, time and investment that, in case of any inconvenience, it can be difficult to recover and find a new supplier.

7 0
3 years ago
One method of managing stress is finding a way to reduce the hindrance stressors encountered on the job. In your group, describe
horrorfan [7]

Explanation:

Stress in the work environment can occur due to several factors, such as excessive pressure, long working hours, conflicts with colleagues and superiors, inadequate salary, insecurity, etc.

It is a factor considered the evil of the century, due to the high competitiveness in the market and faster and faster economic changes, which ends up increasing the company's expectation regarding the employee.

It is important for organizations to adopt a posture that focuses on the needs of employees, so that they are able to measure the level of job satisfaction and implement measures that reduce stress factors in the workplace.

It is also important that the worker seeks to manage his stress through small attitudes, such as establishing a list of tasks, managing his time, seeking to have a better relationship with co-workers, avoiding procrastination, etc.

5 0
3 years ago
The selling price per unit less the variable cost per unit is the ________.
OlgaM077 [116]

The selling price per unit less the variable cost per unit is the contribution margin per unit.

<h3>What is the contribution margin per unit.?</h3>

This is the term that is used to refer to the selling price that was used for the sale of a particular good minus the variable cost that was employed in the production of that particular good. It is the contribution that is made towards the payment of the fixed costs.

Hence we can say that The selling price per unit less the variable cost per unit is the contribution margin per unit.

Read more on contribution margin per unit here: brainly.com/question/13528647

#SPJ1

6 0
1 year ago
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