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schepotkina [342]
4 years ago
10

Accounts Receivable has a balance of $ 5 comma 000​, and the Allowance for Bad Debts has a credit balance of $ 420. The allowanc

e method is used. What is the net realizable value of Accounts Receivable after a $ 140 account receivable is written​ off?
Business
1 answer:
mestny [16]4 years ago
3 0

Answer:

$4,580

Explanation:

since we are using the allowance method, the journal entry to record the write off is:

Dr Allowance for bad debts 140

    Cr Accounts receivable 140

So the accounts receivable balance = $5,000 - $140 = $4,860

the allowance for bad debts balance = $280

accounts receivable net balance = $4,860 - $280 = $4,580

Allowance for bad debts accounts is a contra asset account that reduces the balance of accounts receivable.

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TRUE OR FALSE: Take-home pay minus total living expenses equals money available for savings and investment
Alik [6]

Answer:

TRUE

Explanation:

Take-home pay is the gross pay minus all deductions. Deductions include statutory and voluntary deductions. Take home is the money that gets to the employee's bank account.

In most households saving and investment are done after meeting the basic expenses. In other words, people will save or invest after meeting their basic needs. Therefore, take home minus total expenses necessary for life is saving and investment

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3 years ago
What's the advantages of ms word ?​
mash [69]

Answer:

MS WORD IS A MULTI PURPOSE WORD PROCESSOR WHICH HELPS IN CREATING

  • BROCHURES
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  • GREETING CARDS etc.
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3 years ago
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Vladimir [108]

Answer:

a. Unit Labor Standard × Actual Output.

Explanation:

The standard direct labor hours allowed is the number of hours held for per unit based on the actual number of units produced. It can be determined by multiplying the unit labor based on standard per hour with the actual output

In mathematically,

Standard direct labor hours allowed =  Unit Labor Standard × Actual Output

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5 0
3 years ago
Each with $35,500 in their partnership capital accounts. kwon is admitted to the partnership by investing $35,500 cash. prepare
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The Communication Process The Communication Process model describes how communications move from the firm to the consumer and wh
lubasha [3.4K]

Answer and explanation:

Sender: Target creates a Back-to-School Campaign

Transmitter Encodes: Advertising agency creates print ad

Communication Channel: Ad runs on local Sunday newspaper

Receiver Decodes: Melissa buys the paper and plans to go shopping for her children's supplies

Feedback: Store traffic increases

Target is the maker of the Campaign and intends to create an advertisement to communicate its offering hence it is the Sender. The Advertising agency, upon Target’s intentions, create the print ad, hence encodes the same as Transmitter. The channel of communication so chosen is that of the Newspaper hence ad runs on Sunday newspaper. The receiver is the target audience, here, Melissa who decodes and acts upon the same by going for shopping for her children’s supplies. The feedback is given by way of increase in Store traffic by the Target audience.

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3 years ago
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