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LuckyWell [14K]
3 years ago
5

A company has an ending accounts receivable balance of $900,000 and estimates that uncollectible accounts will be 2% of its acco

unts receivable balance. If the Allowance for Doubtful Accounts has a credit balance of $2,000 prior to year-end adjustment. What will be the balance of the Allowance for Doubtful Accounts after year-end adjusting entries have been recorded?
Business
1 answer:
Juliette [100K]3 years ago
5 0

Answer:

$20,000

Explanation:

Allowance for uncollectible accounts will be 2% of its accounts receivable = 2% * 900,000 = $18,000

the balance of the Allowance for Doubtful Accounts after year-end = a credit balance of $2,000 + allowance for  uncollectible accounts in year of $18,000

= $20,000

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Answer:

Seasonal.

Explanation:

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Also, a seasonal discount can be defined as a reduction in the price of goods given during off-peak periods (off-season) in order to encourage customers to purchase a particular product.

Hence, when a firm or store offers a price reduction to customers who buy during off-peak periods throughout the year, we say the firm is giving a seasonal discount.

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3 years ago
Identify a transition moment you could use to implement a new savings plan.
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A typical transition moment one could use to implement a new savings plan is when we get an increment in salary or wages.

<h3>What is a Transition moment?</h3>

A transition moment is used to described a moment between an initial state and a final state.

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7 0
2 years ago
Assume is a design manager for a production company. he independently assigns teams, chooses projects, researches trends, and is
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11.2%

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  • Stock X = 0.30 x 9% (expected return) = 2.7%
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