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
hichkok12 [17]
3 years ago
7

Wechsler Company uses the aging of accounts receivable method. The company performed an aging of accounts receivable on December

31 and gathered the following information: Accounts receivable $605,000 Unadjusted Credit balance in Allowance for Doubtful Accounts 84,000 Estimated Uncollectible Accounts Receivable 93,000 What is the amount of Accounts Receivable, Net that will be reported on the balance sheet at December 31?
a. $596,000
b. $512,000
c. $521,000
d. $419,000
Business
1 answer:
snow_lady [41]3 years ago
4 0

Answer:

The amount of accounts receivable Net = 512000

so correct option is b. $512,000

Explanation:

given data

Accounts receivable = $605,000

Doubtful Accounts  = $84,000

Accounts Receivable = $93,000

to find out

amount of Accounts Receivable, Net that will be reported on the balance sheet

solution

we know bad debt expense  is difference between 93,000 and 84,000 i.e 9000

so new balance of Allowance for doubtful debts = 93,000

so we can say The amount of accounts receivable Net is

The amount of accounts receivable Net = 605,000 - 93,000

The amount of accounts receivable Net = 512000

so correct option is b. $512,000

You might be interested in
A business maintains subsidiary accounts for each of its customers. on may 15, the business sells services on account: $2,500 to
Andreyy89
A number that can be added but idk do u know because im bored and have home work and all fs so i need help im home schooled


7 0
3 years ago
An advertiser enables target cost-per-acquisition (cpa) bidding and notices that conversions decrease. what might cause this?
aleksandrvk [35]
It could be caused by the fact that the target CPA bid was lower than the expected or recommended amount
3 0
3 years ago
Read 2 more answers
a boy is three years younger than his sister. two years ago he was two-thirds of his sister's age. what are their present ages ​
padilas [110]

Answer:

The boy: 8 years old

The sister: 11 years old

Explanation:

We assume that the age at present of the boy is x (years old).

As he is younger than his sister 3 years, so that his sister's present age is great than x 3 years

=> Her present age is: x + 3 (years old)

Two years ago, the boy is younger than present two years

=> The boy's age two years ago is: x - 2 (years old)

Similarly, the sister's age two years ago is: (x+3)-2 = x + 1 (years old)

As given, two years ago he was two-thirds of his sister's age, so that we have:

<em>The boy's age two years ago = </em>\frac{2}{3}<em> × the sister's age two years ago</em>

⇒ x - 2 = \frac{2}{3}(x+1)

⇒ x - 2 = \frac{2}{3}x + \frac{2}{3}

⇒ x - \frac{2}{3}x =  \frac{2}{3} + 2

⇒ \frac{1}{3} x = \frac{8}{3}

⇒ x = \frac{8}{3}. 3 = 8

=> x + 3 = 8 + 3 = 11

So the present age of the boy is 8 years old, of the sister is 11 years old

5 0
3 years ago
An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the
quester [9]

An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.

The economy in points A, B, C, and D is at full employment. Some employees make bread, while others make wine. Points F and G depict scenarios where the unemployment rate varies depending on the state of the economy. Point E illustrates a growing economy that is performing above its maximum level of employment. When the unemployment rate is between 4% and 5%, an economy is considered to be in full employment; nonetheless, frictional unemployment is always present.

Given that the economy was at full employment when the question was asked, but that unemployment then rose, the starting point must be A, B, C, or D, and the final position must be F or G. Only option D, from points C through F, makes sense.

An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.

To learn more about the above question, visit the following link:

brainly.com/question/14549969

#SPJ4

6 0
2 years ago
If the monetary authorities decide to increase the nominal money supply by 10% when the economy is at its full employment level
Norma-Jean [14]

Answer:

  • 10%
  • (will increase in the short run) but in the long run it will return to the potential output level.  

Explanation:

If the money supply is increased by 10%, the inflation rate will also increase by 10%.

In the short run the economy will be able to produce an output which is higher than the potential GDP, but once the inflation rate catches up, both the unemployment rate will increase and the real GDP will return to its potential output level.

3 0
3 years ago
Other questions:
  • "Suppose you are the owner of a small t-shirt printing business. While conducting a cost analysis of your business, you find tha
    6·2 answers
  • Acme Manufacturing Company’s controller was classifying costs for the most recent financial statement period. Which of the follo
    7·1 answer
  • When did federal deficits become a regular feature of the federal budget?
    6·1 answer
  • Interim financial statements: are always prepared before any adjustments have been recorded. show the assets above the liabiliti
    12·1 answer
  • The following is the stockholders' equity section of Harbor Co.'s balance sheet on December 31:Common stock $10 par, 100,000 sha
    11·1 answer
  • Which of the following statement(s) is(are) true regarding the selection of a portfolio from those that lie on the capital alloc
    11·1 answer
  • Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
    10·1 answer
  • Find the next year's net income for XYZ Inc. Next year, the sales grow by 25%. The current sales $300 million, and the current p
    13·1 answer
  • Assume there was no beginning work in process inventory and the ending work in process inventory is 70% complete with respect to
    9·1 answer
  • Suppose that a coal factory emits pollution into the air and that a nearby neighborhood is harmed by this pollution. It would co
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!