Answer:
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Explanation:
Answer: Replace labor with tech, merge or acquire other companies, reduce costs, more to more economical locations.
Explanation:
Answer:
$52,710
Explanation:
Calculation for allowance for uncollectible accounts credit balance
Using this formula
Allowance for uncollectible accounts credit balance=Estimated gross uncollectible accounts receivable *Accounts receivable
Let plug in the formula
Allowance for uncollectible accounts credit balance=7%* $753,000
Allowance for uncollectible accounts credit balance=$52,710
Therefore After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of $52,710
Answer: $2,450
Explanation:
Discount terms of 2/10, n/30 mean that if the customer was to pay off their balance within 10 days, they would get a discount of 2%. If they couldn't, they would pay the total in 30 days.
Net goods sold = Sales - sales returns
= 3,000 - 500
= $2,500
Amount to be paid including discount = 2,500 * ( 1 - 2%)
= $2,450