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IRINA_888 [86]
3 years ago
6

At the close of its first year of operations, December 31, 2010, Ming Company had accounts receivable of $540,000, after deducti

ng the related allowance for doubtful accounts. During 2010, the company had charges to bad debt expense of $90,000 and wrote off, as uncollectible, accounts receivable of $40,000. What should the company report on its balance sheet at December 31, 2010, as accounts receivable before the allowance for doubtful accounts?
Business
1 answer:
masha68 [24]3 years ago
4 0

Answer:

The company report on its balance sheet at December 31, 2010, as accounts receivable before the allowance for doubtful account is $590,000

Explanation:

The computation of the accounts receivable before the allowance is shown below:

= Beginning account receivable balance + bad debt expense -  uncollectible accounts receivable

= $540,000 + $90,000 - $40,000

= $590,000

The bad debt is an expense so it will be added whereas the account receivable which is not yet collected should be deducted in the computation part.  

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A manufacturer makes lightbulbs and claims that their reliability is 98 percent. Reliability is defined to be the proportion of
quester [9]

Answer:

The expected number of nondefective lightbulbs is 980 out of a random sample of 1,000 bulbs.

Explanation:

Hi, if the company is right, this is the operation that we need to do.

Bulbs(operating)=1,000*0.98=980

So, we are expecting 980 working bulbs out of a sample of 1,000

Best of luck

4 0
3 years ago
select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.
Nezavi [6.7K]

In order to achieve solid business strategy in the leadership plan, the three goals the leadership plan includes are attracting new customers, increasing revenue, and decreasing cost price.

The three main goals in order to achieve solid business strategy in the leadership plan are targeting and attracting new customers, decreasing the cost price of goods or services being offered, and increasing the revenue.

The detail of these goals is given below:

  1. Attracting new customers is considered an important leadership goal as it increases market share and promotes competition with other brands. New customers are important in terms of sales. It is needed for a business to grow.
  2. Increasing revenue It is considered an important leadership goal because the basic purpose of every business is to earn profit. More growth means more profit. If an organization will be able to increase its revenue it will be able to maximize its profit.
  3. Decreasing cost price It is considered an important leadership objective because if the sale remains same then the company will earn more profit. The cost is linked directly with profitability. More profit means more growth of the company.

Therefore attracting new customers, increasing sales of product and services offered and decreasing cost are considered three goals that a leadership plan must include to achieve business strategy.

You can learn more about business strategy at

brainly.com/question/8192142

#SPJ4

3 0
2 years ago
At the beginning of the year, Kimball Company had total assets of $700,000 and total liabilities of $400,000. If the total asset
svlad2 [7]

Answer:

$ 480 000

Explanation:

Assets : $700 000(@ beginning of year )

$100 000 increase (during year )

700 000+100 000=$800 000(@end of year)

Liabilities : $400 000(@ begininng of year )

$80 000 decrease (@ during of year)

400 000-80 000=$320 000 (@end of year)

Asset = Equity + Liability

Amount of owner’s equity at the end of the year (let x = owners equity)

800 000= x + 320 000

x= 800 000 - 320 000=$480 000

4 0
3 years ago
Anna is 88 years old and under the legal guardianship of her daughter. One day Anna receives a telephone call from a health insu
Nutka1998 [239]

Answer:

Anna is 88 years old and under the legal guardianship of her daughter. One day Anna receives a telephone call from a health insurance salesman and purchases a $400 a month insurance policy. This contract is VOID.

Explanation:

The nullity is a legal sanction, which detracts from the effectiveness that a legal act can have, that has been born with some vice or that simply has not been formally born to the world of law.

A contract can be classified as null by different factors, to define it more precisely, there are two types of nullity in a contract, there is Absolute Nullity and Relative Nullity.

7 0
3 years ago
Typically,high inflation is a sign of
s344n2d4d5 [400]

Answer:

if you are talking about the government that means the economy is growing at a way higher rate than it should be and if the inflation gets to high the bubble pop and the dollar bill becomes more worthless which leads to a bunch of drama

5 0
3 years ago
Read 2 more answers
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