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Vadim26 [7]
3 years ago
8

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $45,000. If the

balance of the Allowance for Doubtful Accounts is a $6,000 debit before adjustment, what is the balance after adjustment?
Business
1 answer:
viva [34]3 years ago
4 0

Answer:

balanced after adjustment  $39,000

Explanation:

GIVEN DATA:

uncollectible accounts is $45,000

allowance balance = $6000

The bad debt account is the difference between the calculated ledger balance and actual ledger balanced.

balanced after adjustment can be determined by suing following relation:

Bad debt expense = uncollectible accounts - balance of the Allowance

= $45000 - $6000

= $39,000

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Answer:

(A) Tangibles

Explanation:

Based on what Ryan is trying to accomplish, which is getting his customers to renew the lawn care service each year. He needs to demonstrate tangibles. Showing the customers that his service is done correctly, that it is neat and perfectly cut. Once the customers see that the job is done correctly and by professional personnel they will be more inclined on renewing the service.

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6 0
3 years ago
LO 3.2A company sells its products for $80 per unit and has per-unit variable costs of $30. What is the contribution margin per
slavikrds [6]

Answer:

$50

Explanation:

The contribution margin per unit of any company's product  can be calculated using the following formula:

Contribution margin per unit=Sale price per unit- Variable cost per unit

In this question

Sale price per unit=$80

Variable cost per unit=$30

Contribution margin per unit=80-30

                                            =$50

8 0
4 years ago
The management of Lanzilotta Corporation is considering a project that would require an investment of $225,000 and would last fo
Sav [38]

Answer:

Payback =1.53 years

Explanation:

The  annual cash-flow figure that is to be used in this calculation should not include depreciation as depreciation is a non-cash item. Net operating income from the project is $115,000 and to get to annual cash-flows, depreciation should be added back.

Annual cash-flows for each of the 6 years would therefore be:

$115,000+$32,000=$147,000

The scrap value would be expected at the end of the project i.e end of year 6.

Year  Cash-flow   Balance

0    (225,000)         (225,000)

1    147,000              (78,000)

2    147,000               69,000  

By end of year 2, the company has already recovered the $225,000 initial investment as seen through the positive cumulative balance

Payback = Years With Negative Cumulative Cash-flow Balance + \frac{-LastNegativeBalance}{CashInflowfollowingYear}

=1+\frac{78,000}{147,000} =1.53years

5 0
3 years ago
Sometimes employees have different opinions about how things should be done, or simply have a personality conflict, and then Can
cestrela7 [59]

Answer:

Disturbance Handler

Decisional

Explanation:

Sometimes employees have different opinions about how things should be done, or simply have a personality conflict, and then Candace fulfills the disturbance handler role of management, resolving the dispute. This is part of the decisional component

6 0
3 years ago
Which of the following are reported on the income statement as part of cost of goods? a.administrative expenses b.operating expe
kenny6666 [7]

Answer:

Cost of goods manufactured

Explanation:

Cost of goods manufactured are reported on the face of income statement because it's a critical factor in arriving at the profit or loss position at the end of a period. Cost of goods manufactured takes cognizance of the material costs, labour and overhead costs involved in production. This determines the overall financial status of a company, and allow a decision maker to know if the business is doing good or not.

4 0
3 years ago
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