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
DiKsa [7]
3 years ago
13

Deborah Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2,100,000 an

d $35,000 (Cr.), respectively. An aging of accounts receivable indicated that $126,000 are expected to become uncollectible. The amount of the adjusting entry for bad debts at December 31 is
A. $210,000.
B. $126,000.
C. $91,000.
D. $161,000.
Business
1 answer:
mart [117]3 years ago
5 0

Answer:

The amount of the adjusting entry for bad debts at December 31 is C. $91,000

Explanation:

Adjustment entry is made on changes on the amount of provision for doubtful debts.

Increase in amount of  provision for doubtful debts increases the expenses in income statement.

Decreases in amount of  provision for doubtful debts decreases the expenses in income statement.

Allowance for Doubtful Accounts Balance  $35,000 (cr)

Allowance during th year                             $126,000

Increase in Allowance                                   $ 91,000

$ 91, 000 increase in allowance for doubtful debts increases the expenses in Income Statement

You might be interested in
Why delegate authority and not responsibility​
MArishka [77]

Answer:

Authorities can be assigned, but never delegated obligations. Subordinates are responsible for "results" and managers are responsible for their subordinates ' actions. You can't be held responsible for a mission if you have little competence.

Explanation:

The delegation lets you pass the power to professional team members to work on more urgent matters. But you are still responsible for doing these in the right way. It is therefore necessary to periodically track the status or interact with the team member

Let us recognize some of the fundamental principles to be observed in delegating: 1. The delegated authority to subordinates should be adequate to achieve the desired performance.

2. The power may be delegated but never assigned responsibility. Subordinate accountability is "efficiency" and managers are "responsible for their subordinates ' activities."

3. A duty can not be held accountable if it only has limited authority. A balance between authority and responsibility must be created.

4. A single superior's presence brings to mind the subordinate more personally responsible.

8 0
2 years ago
Total revenue:
pishuonlain [190]

Answer:

remains unchanged as price increases when demand is unit elastic.

Explanation:

Total revenue = price × quantity

Demand is elastic when a small change in price has a greater effect on the quantity demanded.

If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.

Demand is inelastic if a small change in price has little or no effect on quantity demanded.

If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.

Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.

If price is increased and demand is unit elastic, there would be no change in total revenue.

I hope my answer helps you

5 0
3 years ago
The buyer of a futures contract A. assumes the short position. B. may not sell the contract without the permission of the origin
Anit [1.1K]

Answer:

D

Explanation:

Firstly, before we answer this question, we need to know what a futures contract is.

A futures contract can be defined as an agreement specifying the delivery of a commodity or a security at an agreed future date and at a currently agreed price.

This means to set a future contract rolling, we need to have an agreed date if delivery and currently agreed price by both parties involved.

Now, to the question, the correct answer is D. He has the obligation to deliver the underlying financial instrument at the specified future date

6 0
2 years ago
Inseparability in services means consumers Multiple Choice are unable to differentiate price from quality. cannot separate thems
cestrela7 [59]

<u>Answer: </u>Option Consumer cannot separate the service itself from the deliverer of the service.

<u>Explanation:</u>

Inseparability means that the consumer does not see the service and provider of the service as varied things. Because of this inseparable concept the business in service industry concentrates on the quality of the people providing the service.

The consumer's service evaluation is inseparable from the service provider. The service providers have to take decisions according to this concept. If the organisations do not take these steps then they will miss in providing customer satisfaction.

7 0
3 years ago
Technician a states that pinching off the flexible brake hoses with vice grip pliers is a recommended method of closing rubber b
Julli [10]
In this case, Technician B is correct.
<span> pinching off the flexible brake hoses with vice grip pliers will only make the draining process evven faster.
</span><span>When the brake pedal is released, the spring-loaded piston assembly in the master cylinder returns to its rest position and it will push back the fluid that displaced by the pistons.</span>
4 0
3 years ago
Other questions:
  • Waterway has a standard of 2 hours of labor per unit, at $12 per hour. In producing 3800 units, Waterway used 7350 hours of labo
    6·1 answer
  • Suppose Dexter and Amy are the only members of a community that is trying to determine how much of a public good should be produ
    13·1 answer
  • Prepare traditional and contribution margin income statements (Learning Objective 6) The Willowick Ice Cream Shoppe sold 8,700 s
    9·1 answer
  • Select the correct answer.
    6·2 answers
  • Killian has designed a new board game for kids. His company is now figuring out who the target market is going to be and where t
    14·1 answer
  • When preparing an advertisement, an investment adviser whose principal business is rendering advice to customers about securitie
    10·1 answer
  • Calculate the opportunity cost of capital for a firm with the following capital structure: 30% preferred stock, 50% common stock
    6·1 answer
  • Miller owns a personal residence witha fair market value of $308,000 and an outstanding first mortgage of $246,400. Miller gets
    9·1 answer
  • I need help please !!!!!
    6·1 answer
  • The Finnish prefer to maintain time-honored traditions and norms and view change with suspicion. Which of Hofstede’s cultural di
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!