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
likoan [24]
3 years ago
14

As part of the initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a so

le proprietorship. Of this amount, $1,367 is deemed completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $848. gThe amount debited to Accounts Receivable for the new partnership is a.$31,442 b.$32,290 c.$30,923 d.$30,075
Business
1 answer:
yuradex [85]3 years ago
3 0

Answer: $30,923

Explanation:

From the question, we are told that as part of an initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a sole proprietorship. Out of the amount, $1,367 is deemed completely worthless and for the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $848.

The amount debited to accounts Receivable for the new partnership will be the difference between the account receivable balance and the amount that was deemed worthless. This will be:

= $32,290 - $1,367

= $30,923

Therefore, the amount debited to Accounts Receivable for the new partnership will be $30,923

You might be interested in
What do you need to make land and natural resources?
svetoff [14.1K]

Answer:

Composta casera : mejora plantas y suelos a costos económicos con materiales accesibles

Coloca una capa de paja de 30 cm de altura a lo largo de la cama y encima restos de jardinería, viruta o aserrín, desechos de hortalizas. ...

Agrega una capa de 15 cm. de restos de comida o de jardinería.

Explanation:

4 0
2 years ago
During a recent lengthy strike at Morell Manufacturing Company, management replaced striking assembly line workers with office w
Jobisdone [24]

Answer: D) Favorable Unfavorable

Explanation:

To begin, it is worthy of note that in Variance, if something is said to be Favourable, it means a negative Variance because less resources than planned were spent. When it is Unfavourable, it means a positive balance variance.

Now, The formula for Labour Rate Variance is as follows,

LABOUR RATE VARIANCE=(ACTUAL RATE-STANDARD RATE)*ACTUAL HOURS WORKED

Seeing as the old workers were being paid $18, and the new office ones were paid $10, we can see that to be the actual rate was less than the standard rate. This would mean that there was a FAVOURABLE balance.

Labour Efficiency is calculated in a similar way,

LABOUR EFFICIENCY VARIANCE=(ACTUAL HOURS WORKED-STANDARD HOURS)*STANDARD RATE.

Now, these are Office workers not assemblyline workers. They do not have the experience to work in such a way that they produce as fast or as efficiently as their striking Assemblyline colleagues.

This would then mean that their actual hours will be MORE than the standard rate which can only lead to an UNFAVOURABLE BALANCE.

3 0
3 years ago
____ attributes are those that require some trial or consumption before evaluation
iris [78.8K]
<span>Experience attributes are those that require some trial or consumption before evaluation.</span>
8 0
3 years ago
Who inverted the first Guitar
Alex787 [66]
<span>Gaetano Vinaccia invented the six string guitar.</span>
6 0
3 years ago
Exercise 23-4 Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follo
mrs_skeptik [129]

Answer:

\left[\begin{array}{cccccc}&Q1&Q2&Q3&Q4&Total\\$Sales&5,100&7,100&8,100&10,100&30,400\\$Ending Inventory&2,840&3,240&4,040&2,550&-\\$Producction Needs&7,940&10,340&12,140&12,650&43,070\\$Beginning&(2,040)&(2,840)&(3,240)&(4,040)&-\\$Punits to be produced&5,900&7,500&8,900&8,610&30,910\\\end{array}\right]

Explanation:

\left[\begin{array}{cccccc}&Q1&Q2&Q3&Q4&Total\\$Sales&5,100&7,100&8,100&10,100&30,400\\$Ending Inventory&2,840&3,240&4,040&2,550&-\\$Producction Needs&7,940&10,340&12,140&12,650&43,070\\$Beginning&(2,040)&(2,840)&(3,240)&(4,040)&-\\$Punits to be produced&5,900&7,500&8,900&8,610&30,910\\\end{array}\right]

ending inventory

Q1 = q2 sales x 40% = 7,100 x 40% = 2,840

Q2 = q3 sales x 40% = 8,100 x 40% = 3,240

Q3 = q4 sales x 40% = 10,100 x 40% = 4,040

Q4 = q1 next year x 40%

next year will be 25% than q1 of current year

Q4 = Q1 sales x 1.25 x 40% = 2,550

beginning of Q1 is a given 2,040. Then:

ending of Q1 = beginning of Q2 (when a quarter ends, another begins)

ending of Q2 = beginning of Q3

ending of Q3 = beginning of Q4

The sales plus the desired ending inventory will be all the units needed for the period.

Our beginning inventory subtract out productions needs, as those units are already in stock, we don't need to produce them.

6 0
2 years ago
Other questions:
  • Darren has the option of investing in either Stock A or Stock B. There is a 45 percent chance that the return on Stock A will be
    8·1 answer
  • Thyimach, a machinery manufacturing company, has been purchasing iron shafts from metaljun, a supplier of iron and steel materia
    9·1 answer
  • You put half of your money in a stock portfolio that has an expected return of 14% and a standard deviation of 24%. You put the
    14·2 answers
  • Equilibrium quantity must decrease when demand
    8·1 answer
  • What might be considered an example of a ruthless business tactic?
    7·1 answer
  • When we compare the salaries of the worst-paid members of a corporation with the salary of the ceo, what sort of measure of pove
    14·2 answers
  • Josh has a master’s degree in business administration and supply chain management. What company might be in interested in hiring
    13·2 answers
  • FIRST ANSWER GETS BRAINLIEST!
    13·1 answer
  • Think of an example of a time that you experienced or that you heard about when consumer perception influenced demand. What were
    14·1 answer
  • A property currently valued at $450,000 is expected to appreciate 8ach year for the next 3 years. what will be its appreciated v
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!