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Sophie [7]
3 years ago
9

The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. The company

's management estimates that 4% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $250,000. What is the amount of Bad Debts Expense reported on the income statement for 2019?
Business
1 answer:
harina [27]3 years ago
6 0

Answer:

$10,000

Explanation:

Net Credit Sales              $250,000

Allowance for Doubtful Accounts $250,000*4%=$10,000

Bad Debt Expense   will be $10,000

Bad Debt Expense Dr.$10,000

Allowance for Uncollectible  Cr.$10,000

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The personal secretary of a top manager may have ________.
Gnom [1K]

Answer:

c. power but not authority

Explanation:

The personal secretary of a top managers may have power but not authority. Personal secretray is who keep the manager updated with his personal task like meeting, travelling, schedules and documentation he has power to do all this thing but dont have authority to order anything in the office or the firm. Personal secretary's responsibilitie and duties are restricted to the manager and at that level only. She couldnot order anyone to finish the task on stipulated time or deadline.

Personal secretary's main task is to respond to her boss about his work deadline, travelling schedule, asnwering call and response them accordingly, prepare correspondence for the boss, planning and scheduling the meeting, take care of minutes and take action on points, plannig events and oraganinsing them as well, Managing project of boss etc. but his/her dutie are restricted to these work only she couldnot order.

5 0
3 years ago
Based on his​ preferences, Bill is willing to trade 4 movie tickets for 1 ticket to a basketball game. If movie tickets cost $8
nexus9112 [7]

Answer:

The correct option is option e)

not trade movie tickets for basketball tickets because his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.

Explanation:

The cost of one movie ticket is $8 then Bills' four tickets will be $32.

The cost of a basketball ticket is $28.

Therefore if bill should trade 4 movie tickets for a basketball ticket he will make a loss of $ 4 so it is advisable for bill not to trade movie ticket for basketball ticket. And again his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.

6 0
2 years ago
Zane is a logical/mathematical learner. He finds it helpful to use the following learning strategies _
grigory [225]
Work in teams is always better
6 0
2 years ago
Which one of the following actions would improve cash flow? HIGHIGHT ANSWER
mart [117]
It’s d cuz it’s d ye
7 0
2 years ago
The firms that a company partners with to actively promote and sell a product as it moves through its marketing channel to end u
Tcecarenko [31]

Answer:

Option B                          

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A commercial co-operation or marketing alliance is a collaboration between at minimum two organizations on the supply chain basis with the goal of combining similar qualifications or services to leverage the maximum potential of a sector.

Marketing partnerships are reasonable if two firms ' marketing objectives can be coupled with a meaningful output metric for the final consumer. Effective marketing partnerships produce "win-win-win" circumstances that deliver value not just to partner businesses and also to their consumers.

Thus, from the above we can conclude that the correct option is B.

4 0
2 years ago
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