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Darina [25.2K]
3 years ago
12

Morrow Inc. uses the percentage of credit sales method of estimating doubtful accounts. The Allowance for Doubtful Accounts has

an unadjusted credit balance of $3,300 and the company had $170,000 of net credit sales during the period. Morrow has experienced bad debt losses of 6% of credit sales in prior periods. After making the adjusting entry for estimated bad debts, what is the ending balance in the Allowance for Doubtful Accounts account
Business
1 answer:
Inessa05 [86]3 years ago
4 0

Answer:

$13,500

Explanation:

The computation of the ending balance in the allowance for doubtful accounts is shown below:

= Unadjusted credit balance of allowance for doubtful accounts + net credit sales × estimated bad debts losses percentage

= $3,300 + $170,000 × 6%

= $3,300 + $10,200

= $13,500

Basically we applied the above formula to find out the  ending balance in the allowance for doubtful accounts

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Stacy is going to the store to buy milk and cereal. She will most likely use ____ in her consumer decision-making process.A) Rou
alexira [117]

Answer:

Letter A is correct. <u>Routine response behavior.</u>

Explanation:

Routine response behavior is a buying decision making process characterized by the act of a consumer purchasing a product or service that he has previously purchased, ie, it is configured as a usual buying scenario, the consumer already has experience buying certain products. and the purchase decision occurs automatically and routinely.

Generally this buying behavior occurs with non-durable consumer goods, which are those used consistently by the consumer, such as food, medicines and cleaning products.

4 0
3 years ago
this year Anita announced it was moving out of Hartford Connecticut where it had held headquarters for over 100
stiks02 [169]

The most impact this business move would cause are that restaurants close to the office building may close due to lack of customers and people would move out of Connecticut causing a housing market issue with too many homes for sale.

<h3>What are the consequences of moving a business?</h3>

The closing of a business in a city or state is fraught with difficulties. The local community will be most impacted by the company's shutdown or transfer. While the government and the community have benefited from the corporation for more than a century, it is leaving a void in society. The neighborhood will be impacted because individuals will leave Connecticut, which will result in a housing market problem with too many homes for sale. Restaurants might possibly close because the move will result in a major drop in patronage given the already precarious state of the economy.

To learn more about this question visit:

brainly.com/question/14553771

#SPJ4

I believe the question you asked is incomplete and wanted an answer for this question:

"This year Aetna announced it was moving out of Hartford, Connecticut, where it had held it headquarters for over 100 years. The announcement sent shockwaves through an already economically challenged state. How would Aetna leaving have an impact on the local community?

a. Restaurants close to the office building may close due to lack of customers.

b. Courses in insurance adjustment would no longer be offered at the community college.

c. People would move out of Connecticut causing a housing market issue with too many homes for sale

d. Employees would no longer exercise at the local park

e. There would be vacant office buildings with no property taxes being paid."

6 0
2 years ago
XCEL Corporation paid a dividend yesterday for $1.50. They expect to pay dividends annually at a constant 6 percent annual growt
serious [3.7K]

Answer:

$26.50

Explanation:

The computation of the current value of the common stock is shown below:

Current price is

= Current year dividend ÷ (Required rate of return - Growth rate)

where

Current year dividend is $1.59

The Required rate of return is 12%

ANd, the growth rate is 6%

Now place these values to the above formula

So, the current price of the common stock is

= ($1.50 × 1.06) ÷ (0.12 - 0.06)  

= $1.59 ÷ 0.06

= $26.50

6 0
3 years ago
What is the total account dept as of the statement date called?
madreJ [45]

The total account Dept as of the statement date is known as the balance.

3 0
4 years ago
The total value of all goods and services produced annually in the united states is called
monitta
The GROSS NATIONAL PRODUCT(GNP)
its the market value of all the products and services produced in a given year
3 0
3 years ago
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