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Reil [10]
3 years ago
11

In 2022 the Cheyenne Corp. had net credit sales of $870000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit

balance of $21600. During 2022, $32700 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 5% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 was $227000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022
Business
1 answer:
OleMash [197]3 years ago
5 0

Answer:

$22,450

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance

Beginning bal. of Allowance for Doubtful Accounts ($21,600)

- Uncollectible Accounts Receivable written off        <u>$32,700</u>

Adjustment of Allowance for Doubtful Accounts       <u>$11,100 </u>

Accounts receivable balance at December 31           $11,350

+ Adjustment of Allowance for Doubtful Accounts    $11,100 Adjustment to Allowance for Doubtful Accounts     $22,450

at December 31, 2022

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Stolb23 [73]

Answer:

Internal growth.

Explanation:

Internal growth strategy is one that uses internal resources to develop a company internally. It focuses on increasing efficiency, hiring the right people, new product development, and better marketing.

Internal growth is also known as organic or natural growth. Growth results in increased profit which is now reinvested in the business.

6 0
3 years ago
Eunice buys a worm farm. She plans to sell a small carton of worms to people who want to fish for $3. Her fixed costs are $1,201
Evgesh-ka [11]

Answer:

C. 534  units

Explanation:

The formula to compute the break-even point is shown below:

= (Fixed cost) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $3 - $0.75

= $2.25

So, the break-even point would be

= $1,201 ÷ $2.25 per unit

= 534 units

Simply we divide the fixed cost by the contribution margin per unit so that the accurate units can come.

3 0
3 years ago
Which of the following celebrities is the worst?
Temka [501]
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8 0
2 years ago
Read 2 more answers
Managing groups and delegating responsibility are ____ skills.
adelina 88 [10]

Answer:

The correct answer is letter "C": organization, management, and leadership.

Explanation:

<em>Managing groups</em> is typically related to organizational and managerial skills. Indeed, it is but leadership involves a deep commitment from the members of the team. These members tend to recognize their leader as the individual who sets the example and influence the rest by his or her actions. <em>Delegating</em> -which is also related to organizational and managerial skills- is easier for leaders since in most cases their subordinates volunteer to play different roles within their organization.

6 0
3 years ago
Suppose that identical twin eye doctors work across the hall from each other. Even their parents have trouble telling them apart
suter [353]

Answer:

False

Explanation:

The statement is false: because

As provided the doctors are identical and even there parents cannot differentiate properly and are mistaken sometimes.

As the doctors practice across the hall, that is the same place, any customer if there is an increase in fee of Doctor 1 will substitute his doctor, into another, as both are common with knowledge, and practice.

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