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Kitty [74]
3 years ago
13

As of January 1, 2021, Barley Co. had a credit balance of $521,000 in its allowance for uncollectible accounts. Based on experie

nce, 1% of Barley's gross accounts receivable have been uncollectible. During 2021, Barley wrote off $651,000 of accounts receivable. Barley's gross accounts receivable as December 31, 2021 is $18,050,000.
In its December 31, 2021, balance sheet, what amount should Farley report as allowance for uncollectible accounts?
Business
1 answer:
SSSSS [86.1K]3 years ago
4 0

Answer:

The amount which is should be reported as an allowance for uncollectible accounts is $180,500

Explanation:

The amount for allowance for uncollectible accounts on December 31, 2021 is computed as:

Allowance for uncollectible = Gross Accounts Receivable × Percentage of uncollectible

where

gross accounts receivable amounts to $18,050,000

Percentage of uncollectible is 1%

Putting the values:

=  $18,050,000 × 1%

= $180,500

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Marketing logistics includes all of the following EXCEPT ________. reverse logistics inbound logistics producer-centered logisti
Nana76 [90]

Answer:

producer-centered logistics

Explanation:

When it comes to marketing, <u>consumers and customers always come first</u>. There isn't such thing as producer-centered logistics (<u>not that i know of at least</u>) because the producers need to focus on the business and customers not themselves.

8 0
2 years ago
Consultant susan wheelan encourages appointed leaders to adjust their leadership style to the group's:
brilliants [131]

Answer:

The correct answer is stage of development.

Explanation:

Leadership is a process, not a punctual act. A person does not go from having little impact on others to having a great influence from one day to another, it takes an evolution and especially the necessary step through the 4 stages of leadership.

When we analyze the different types of leaders that have an impact, we realize what kind of steps they have taken to get there, what different phases they have had to go through and what their evolution has been. This model helps us to contextualize the place in which a person is and what the next steps would be to improve their leadership capacity.  

Stage I. Depend on other people

Stage II: Individual and independent contribution

Stage III Contribution through others

Stage IV: Leadership through a vision

3 0
3 years ago
A specialized accounting book in which information is accumulated into specific categories and posted so managers can find all i
Hitman42 [59]

A specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.

<h3>What is a ledger?</h3>

A ledger is a specialized accounting tool.  It can also be described as a financial book or computer program.

In the ledger, information from accounting journals is accumulated and posted into specific categories matching the type of accounts.

From the ledger, the trial balance is extracted, which forms the basis for preparing the financial statements that show an entity's financial profitability and position.

Thus, a specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.

Learn more about the ledger accounts at brainly.com/question/17143087

4 0
1 year ago
You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $70
V125BC [204]

Answer:

First find the Average fixed cost per papper.

That is,

1. Fixed cost is -

, If sales fall by 20%

Then,

So AFC per papper rises from $1.95 to 2.437

2. The MC will be changes from this 20 % fall is

then

So the marginal cost are changes $1.95 to $2.88

3. Before the changes in cost

So the changes is

The amount changes from $2.40 to $2.88 per paper

Explanation:

5 0
3 years ago
What is the overall change in cash resulting from: $300 increase in inventories, $150 increase in accounts payable, $120 decreas
yan [13]

Answer:

(A). - $ 120

Explanation:

The changes to cash are from the following rules

Increase in assets and decrease in liabilities is a decrease in cash

Decrease in assets and increase in liabilities is and increase in cash

Using the data in the question,

                                                                                         Cash Movement

increase in inventories $ 300                                         ( $ 300)

Increase in accounts payable  $ 150                                 $ 150

Decrease in accounts receivable $ 120                             $ 120

Decrease in other current assets $ 60                               $ 60

Decrease in other current liabilities $ 150                       <u>($ 150)</u>        

Net movement in Cash                                                    $ (120)                                      

5 0
2 years ago
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