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drek231 [11]
3 years ago
14

A debit balance in Allowance for Doubtful Accounts a. is the normal balance for that account b. cannot occur if the percentage o

f receivables method of estimating bad debts is used c. indicates that actual bad debt write-offs have exceeded previous provisions for bad debts d. indicates that actual bad debt write-offs have been less than what was estimated
Business
1 answer:
Rudiy273 years ago
8 0

Answer:D. Indicates that actual bad debts write off have been less than what was estimated.

Explanation:

On opening a provision for bad debt account, the initial provision is debited to income account and credited to provision for bad debt account to be deducted from the debtors at year end. However a decrease in actual debt recovery will need to be debited to the account to reduce it and credited to income statement to reduce the previous charges.

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How much must you deposit each year into your retirement account starting now and continuing through year 12 if you want to be a
Vesnalui [34]

Answer:

$2,583

Explanation:

The required value of your account at year 35 is:

$70,000 / 0.1 = $700,000

FV = $700,000. This is the required amount you need to have in your account 35 years from now

i/r = 10%. The interest that the account pays

n = 35 years

PV = 0

PMT (The amount of annual deposit required to achieve the target above. This is the missing value we need to calculate)

By using financial calculator, we obtain:

PMT = $2,583

3 0
3 years ago
Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $440,000; Allowance for Doub
lina2011 [118]

Answer: See explanation

Explanation:

a. The amount of the adjusting entry for uncollectible accounts will be:

= Estimated balance required in Allowance account - Unadjusted balance existing in Allowance account

= $14800 - $4000

= $10800

b. The adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense will be:

Account receivables = $440,000

Allowance for Doubtful accounts = $14,800

Bad Debt expense = $10800

c. The net realizable value of accounts receivable will be:

= Account receivables - Allowance for Doubtful accounts

= $440,000 - $14800

= $425200

6 0
3 years ago
​Suppose you are interested in determining if the volume of the hippocampus is associated with the amount of stress a person was
Bad White [126]

Answer:

CAT

Explanation:

Computed tomography scan (also called a CT or CAT scan) is one of the  diagnostic tests for Neurological Disorders.

5 0
4 years ago
Many companies are implementing the concept of ________, which synthesizes and coordinates the company's many communication chan
Rina8888 [55]

Answer:

integrated marketing communications

Explanation:

integrated marketing communications involves the use ofmany different channels by businesses to deliver a clear and consistent message.

All marketing tools, approaches and resources are used to maximise impact on the mind of the consumer, while focusing on reducing cost.

Right major tools of intergrated marketing communication are advertising, sales promotion, personal selling, public relations, direct marketing, events and experiences, social media marketing, and mobile marketing.

6 0
3 years ago
XYZ Co. provides the following information for the year 2016. Issue common stock for $28,000, sell factory machines for $3,000,
GREYUIT [131]

Answer:

Cash flow from investing= -$7,000

It is an outflow.

Explanation:

Cash from investing activity is defined as the cash in flow or outflow from purchase of long term assets such as property, equipment, investment in securities, sale of securities, and purchase of plant. It is the second section of the cash flow statement

Negative cash flow from investing activity might indicate heavy investment on long term growth of the company. For example investment in research and development.

Sale of fixed asset is positive cash flow of $3,000

Purchase of common shares of Zillow co. is a negative cash flow of $10,000

Cash flow from investing= 3,000- 10,000

Cash flow from investing= -$7,000

3 0
3 years ago
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