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umka2103 [35]
3 years ago
10

A year end review of Accounts Receivable and estimated uncollectible percentages revealed the​ following: Days Outstanding Accou

nts Receivable Est. Percent Uncollectible 1minus30 days $ 61 comma 000 2​% 31minus60 days $ 44 comma 000 5​% 61minus90 days $ 21 comma 000 11​% Over 90 days $ 9 comma 000 50​% Before the yearminusend ​adjustment, the credit balance in Allowance for Uncollectible Accounts was $ 1 comma 500. Under the agingminusofminusreceivables ​method, the UncollectibleminusAccount Expense at yearminusend ​is: A. $ 8 comma 730. B. $ 10 comma 230. C. $ 11 comma 730. D. $ 1 comma 220
Business
1 answer:
olganol [36]3 years ago
3 0

Answer:

A. $ 8 comma 730.

Explanation:

The computation is shown below:

For 1 - 30 days    

= $61,000 × 2%

= $1,220

For 31 - 60 days

= $44,000 × 5%

= $2,200

For 61 - 90 days

= $21,000 × 11%

= $2,310

Over 90 days

= $9,000 × 50%

= $4,500

So, the total amount is

= $1,220 + $2,200 + $2,310 + $4,500

= $10,230

Now the Account Expense  is

= Total expense - credit balance

= $10,230 - $1,500

= $8,730

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Answer:

All buyers and sellers

Explanation:

A competitive market is a market where there are lots of producers who produces goods and service hence compete with one another with a view to providing and supplying goods and services that suits the needs of consumers.

In a competitive market, there are no barriers to entry and exit. Also, there are many buyers and sellers, hence there is adequate information about the price of a product. There are also no cost attached to transactions, undifferentiated products and both buyers and sellers determines the quantity of a product produced and the price of the product.

4 0
3 years ago
The short-run aggregate supply curve will decrease if:
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Answer: A. the aggregate price level falls. commodity prices rise.

Explanation: In short-run, the aggregate supply is usually a graph pointing upward and with a sloping curve. The short-run aggregate supply curve usually points upward sloping because it indicates quantity supplied which increases when the price rises. In the short-run, organisations usually have only one fixed factor of production which is capital.

8 0
3 years ago
Shari is analyzing an incentive plan she has at work and has just completed exercising the option. What process has Shari comple
ale4655 [162]

Considering the situation described above, the process Shari has completed is known as "<u>Choice of Alternative Plans."</u>

The choice of alternative plans is the sixth step in the planning process. It is the stage in which the decision-maker chooses the right choice out of the available options.

The option taken at this point is carried out based on an evaluation of the situation.

Thus given that Shari has just completed exercising the option, this is the <u>choice of alternatives </u>she has completed.

The stages in the process of planning include the following:

  • Perception of opportunities
  • Establishing objectives
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  • Evaluation of alternatives
  • Choice of alternative plans
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Hence, in this case, it is concluded that the correct answer is "<u>Choice of alternative plans."</u>

Learn more about the process of planning here: brainly.com/question/24382217

8 0
2 years ago
One of the skills that most leads to success in the workplace is:
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C because you have to work with others in a work place to get something done but it really all depends on where you work at
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3 years ago
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Your first morning in your new office, you reflect on what type of manager and leader you hope to be. Which of the following bes
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Answer:

a. Employees are more loyal and productive if they feel that their leader is admirable, caring, and ethical.

Explanation:

Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.

A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.

Generally, leaders use their powers to get other people to follow them. Some forms of power result from a formalized position in the organization while others are derived from personal characteristics or knowledge.

Basically, when a leader possesses and favors referent power (strong interpersonal relationship skills with subordinates), he or she would have a strong and productive working relationship with his subordinates (employees) because it encourages loyalty.

Hence, employees are more loyal and productive if they feel that their leader is admirable, caring, and ethical.

3 0
3 years ago
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