1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivenika [448]
3 years ago
8

When using the analysis of receivables method for estimating uncollectible receivables, the amount computed in the analysis is u

sually the amount that would be recorded in the end-of-period adjusting entry.A. True.B. False
Business
1 answer:
kirill115 [55]3 years ago
6 0

Answer:

A) True

Explanation:

When you use the analysis of receivables method for estimating uncollectible receivables you will use the age of the accounts receivables in order to determine whether or not they should be considered bad debt. Usually the company establishes a threshold, e.g. 6 months, and all the accounts receivables that have not been collected by that threshold are classified as estimated bad debt.

Under this method, estimated bad debts should equal the adjusted balance for allowance of doubtful accounts.

You might be interested in
18. A company is in its first month of operations. On January 15, the company receives $600 from customers who will receive 10 v
Amiraneli [1.4K]

Answer:

The adjusting entry at the end of January:

Debit Unearned revenue: $480

Credit Revenue: $480

Explanation:

When recceived $600 on January 15 from customer, the company must record:

Debit Cash: $600

Credit Unearned revenue: $600

because all lessons are not provided by the company, the company can't recording revenue.

On January 31, the company provided 8 lessons, so the company must recording revenue for these lesson (8x$60=$480) by adjusting entry.

3 0
3 years ago
The Art of Getting the greatest benefits from limited Financial Resources is called
Inessa05 [86]
It's called living frugally. 
6 0
2 years ago
Read 2 more answers
Which costs are correlated with the firm’s sales and include the costs of labor, raw materials, and sales commissions?
Llana [10]

Answer:

The correct answer is letter "B": direct.

Explanation:

Direct Costs for finished goods refer to the items and services directly used in production. Other costs such as rent and insurance for the production site are indirect costs. Examples of direct costs are direct labor and materials, manufacturing supplies or even commissions out of sales.

6 0
3 years ago
Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2017. An additional 200,000 shares are issued on Apri
Artist 52 [7]

Answer:

3. 5,110,000 and 5,170,000

Explanation:

Number of shares to be used in computing basic earnings per share

= 4800000*12/12 + 200000*9/12 + 4800004/12

= 4800000 + 150000 + 160000

= 5,110,000

Number of shares to be used in computing dilute earnings per share

= 4800000*12/12 + 200000*9/12 + 4800004/12 + (6000000/1000)*40*3/12

= 4800000 + 150000 + 160000 + 60000

= 5,170,000

Therefore, The number of shares to be used in computing basic earnings per share and diluted earnings per share on December 31, 2018 is 5,110,000 and 5,170,000.

5 0
3 years ago
____________ are people who buy shares of ownership in corporations.
aleksandr82 [10.1K]
The answer is C. stocks =)
6 0
3 years ago
Other questions:
  • What occurs over time as a result of inflation? Check all that apply. Interest becomes worth less money. The dollar’s value beco
    10·2 answers
  • Artem, the president of instructor services, told one of his new hires that "managers at this company are encouraged to solve th
    6·1 answer
  • In a perpetual inventory system, when merchandise is returned to the supplier, cost of merchandise sold is debited as part of th
    11·1 answer
  • Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life o
    6·1 answer
  • you believe that the Non-stick Gum factory will pay a dividend of $2 on its common stock next year. Thereafter, you expect divid
    12·1 answer
  • Having recently purchased a new computer, Jake will invest in _____ that will protect his computerfrom data corruption, pop-up a
    8·1 answer
  • In targeting professionals (such as doctors, lawyers, and teachers) with advertising, the advertiser must be aware that
    6·1 answer
  • These are selected account balances on December 31, 2017.
    14·1 answer
  • Materials were requisitioned for use, $28,200, of which $25,000 were direct materials. The entry is:
    5·1 answer
  • Having unique accounts set up to access patient data is….
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!