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
Katen [24]
3 years ago
7

Bad Debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. After analyzing the accounts

in the accounts receivable subsidiary ledger using the aging−of−receivables ​method, the​ company's management estimates that uncollectible accounts will be $14,300. What will be the balance of the Allowance for Bad Debts reported on the balance​ sheet?
Business
1 answer:
White raven [17]3 years ago
5 0

Answer:

$14,300

Explanation:

Based on the information given we were told that the​ management of the company estimated that the amount in the uncollectible accounts will be the amount of $14,300 which means that the amount of $14,300 will be the balance of the Allowance for Bad Debts that should be reported on the company balance​ sheet.

You might be interested in
Which of the items is most likely to be a complement to coffee?
mestny [16]

Answer:

creamer

Explanation:

Complement Goods:

Are goods that do not compite to each other. At the contrary, if a higher quantity is demanded of one good, a higer demand will ocur n the other as well. And if the demand from one of them decrease, the demand of the complement also decrease.

Give n two products X and Y A consumer will be more like to purchase Y as units X are accumulated.

From the list the only good that fits in this definition is the creamer

8 0
3 years ago
Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $15, the cost of mowing the second lawn i
timama [110]

Answer:

b. $60

Explanation:

Produced surplus = Price producer is able to sell - Price producer would be willing to sell

Price the producer is able to sell = Producer surplus + Price producer would be willing to sell

= $100 + ($15 + $25 + $40)

= $180 for 3 lawn

Therefore, if Ronnie charges are customers the same price for lawn mowing, that price is

= $180 / 3

= $60

8 0
3 years ago
There is a flexible exchange rate system and only two countries in the world, the United States and Mexico. If the inflation rat
xz_007 [3.2K]

Answer: The correct answer is "a. the dollar will depreciate and the peso will appreciate.".

Explanation:  If the inflation rate in the United States rises relative to the inflation rate in Mexico, it follows that the dollar will depreciate and the peso will appreciate.

As inflation in the United States is higher, the dollar is affected by a loss of purchasing power, therefore it depreciates with respect to the Mexican peso.

5 0
3 years ago
How does a policy manual help an organization
eimsori [14]
It helps an organization because that is their rules and regulations and standards that employers have to follow. An example of how the manual can help an organization is if you purchase something and the policy says you have 30 days to return it and you return it 31 days later they will not be able to take it because that is one of their rules. 
4 0
3 years ago
Should a firm shut down if its weekly revenue is ​$1 comma 000​, its variable cost is ​$600​, and its fixed cost is ​$800​, of w
kifflom [539]

Answer: The correct answer is "C. produce because revenue of ​$1 comma 000 is greater than fixed costs.".

Explanation: The firm should produce because the revenue of 1000 is enough to cover the fixed costs and part of the variables (1000 - 800 - 600 = (-400)) so that the loss is less than if it stopped producing despite the avoidable costs (800 - 350 = 450) since if it stopped producing it would have a loss of $ 450 and producing it would have a loss of $ 400.

7 0
3 years ago
Other questions:
  • A ____ is a single set of hardware, software, databases, telecommunications, people, and procedures that are configured to colle
    5·1 answer
  • Managerial accounting information is generally prepared for
    7·1 answer
  • The periodic expensing of an asset over the property's theoretical economic life is referred to as what
    8·1 answer
  • What are some of the differences between a bank and a credit union
    10·1 answer
  • Help me with this please !! This isn’t the right answer I picked !!
    7·2 answers
  • Landau Gears provides the following cost information related to its production of its primary product: Per Unit Variable manufac
    11·1 answer
  • Jamal needs to add universal action buttons to the slide master. Under which tab can the PowerPoint slide master be found? Desig
    10·1 answer
  • Robbie is a 20 year old dependent who is a full time student. Robbie has $6,800 in income from wages and $6,000 of interest inco
    13·1 answer
  • What account is a affected when goods are sold on credit <br>​
    8·1 answer
  • Jazakallah khair allah hu akbar
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!