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kow [346]
3 years ago
13

Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $152,000 Credit sale

s, $452,000 Selling and administrative expenses, $112,000 Sales returns and allowances, $32,000 Gross profit, $492,000 Accounts receivable, $130,000 Sales discounts, $16,000 Allowance for doubtful accounts credit balance, $1,400 Flyer prepares an aging of accounts receivable and the result shows that 3% of accounts receivable is estimated to be uncollectible. How much is bad debt expense
Business
1 answer:
siniylev [52]3 years ago
8 0

Answer:

$2,500

Explanation:

The computation of bad debt expense is shown below:-

Total Bad Debt = $130,000 × 3%

= $3,900

Balance of allowance for doubtful accounts after Bad debt Expense = Total bad debt - Allowance for doubtful account credit balance

= $3,900 - $1,400

= $2,500

So, we have applied the above formula.

The same is to be considered

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Answer:

Realistic aspect

Explanation:

Considering the scenario described in the question it can be concluded that Cosmo shifted his focus onto which REALISTIC aspect of goal-setting theory.

This is because following Cosmo making his dream come true of buying the property that his restaurant occupies, the idea that he could rent out the storefront next to the restaurant for added income is a REALISTIC Aspect of Goal Getting.

This implies that Cosmo is more realistic in terms of his financial abilities and willingness to work toward the goal of paying off the mortgage loan

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2 years ago
Peter hires Brunhilda to represent him and assist with the sale of his home. They sign a listing contract to memorialize their r
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Answer:

c. Express agency

Explanation:

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In this scenario, Peter hires Brunhilda to represent him and assist with the sale of his home. They sign a listing contract to memorialize their relationship. Thus, the type of agency that has been created between Peter and Brunhilda is an express agency.

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2 years ago
Select the correct answer. Which definition refers to visual merchandising? A. the art of presenting merchandise in a creative w
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Answer:

A

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(if its not a, then its d)

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2 years ago
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The four types of entrepreneur described by Arthur Cole were the Innovator, the Organization Builder, the Over-Optimistic Promot
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What form of money has been used the longest and over the widest
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the Cowry Shell

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The Cowry Shell were being used in the world as early as 700 BC in China. It is considered durable. For many years, cowries shell were utilized as a means of exchanges over the areas such as India and Africa, southern Europe, and China.

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3 years ago
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