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Setler [38]
3 years ago
7

Wheeling Inc. uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging a

nalysis equals $5,300. At the end of the year, the balance of Accounts Receivable is $103,000 and the unadjusted debit balance of the Allowance for Doubtful Accounts is $560. Credit sales during the year totaled $156,000. What is the estimated Bad Debt Expense for the current year?
Business
1 answer:
avanturin [10]3 years ago
6 0

Answer:

The estimated Bad Debt Expense for the current year is $5860

Explanation:

Wheeling Inc. uses the aging of accounts receivable method to estimated Bad Debt Expense for the current year is as follows;

Uncollected receivables = $5300

Doubtful Accounts = $560

Bad Debt Expense for the current year = Uncollected receivables + Doubtful Accounts

Bad Debt Expense for the current year = $5300 + $560

Bad Debt Expense for the current year = $5,860.

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What must the Nederlander Organization do effectively to take its musicals to foreign markets?
mart [117]

The Nederlander Organization must effectively use teaser and revealers promotion campaigns to take its musicals to foreign markets.

Option a

<u>Explanation:</u>

Nederlander Organization will adopt to the use of teaser and revealers promotion campaigns for its  musical foreign market. After doing the market analysis and known about the customer’s interest the company will go with the strategy called revealers promotion campaigns.

This is an advertising campaign which creates a curiosity in the minds of consumers till the brands last ad. This type of campaign will keep the consumers always think about the product and ad which is going to be launched soon.  

4 0
3 years ago
Nadine is retiring today at age 66 and expects to live to age 82. She has $136,000 in her retirement savings account. She is som
Natali [406]

Answer:

$1,103.56

Explanation:

In this question, we use the PMT formula that is shown in the attachment. Kindly find it below:

Provided that

NPER = (82 - 66) × 12 = 192

Present value = $136,000

Future value = $0

Rate of interest = 6% ÷ 12  months = 0.5%

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $1,103.56

6 0
3 years ago
An office telephone system cost $32,000.00 with an estimated residual value of $2,000.00. The system has an estimated useful lif
Amanda [17]
Sum of the year's digits is 5 + 4 + 3 + 2 +1 = 15 years. 
Depreciation base: 32,000 - 2,000 = 30,000
The depreciation applied in any year is the depreciation base times (number of years remaining divided by 15). The first year has the highest depreciation, and the fifth year has the lowest. 
Depreciation:
1st Year: Dep Base x 5/15
2nd Year: Dep Base x 4/15
3rd Year: Dep Base x 3/15
4th Year: Dep Base x 2/15 = 30,000 x 2/15 = 4,000
5th Year: Dep Base x 1/15

Answer is $4,000
6 0
3 years ago
An item on the University Book Store's survey asks respondents to tell the store, in their own words, what they like least about
kramer

Answer: Open-ended

Explanation:

Here, in this particular we can state that the given question is an example of an <em>open-ended question</em>. Under this scenario, the question being asked is subjective i.e. what an individual likes least about the textbook shopping. The open-ended questions are referred to as questions that cannot be replied with either a yes or a no.

4 0
3 years ago
The following costs were incurred in September: Direct materials $42,900 Direct labor $29,500 Manufacturing overhead $30,500 Sel
Helga [31]

Answer:

$60,000

Explanation:

Given that,

Direct materials = $42,900

Direct labor = $29,500

Manufacturing overhead = $30,500

Selling expenses = $21,700

Administrative expenses = $35,800

Conversion costs:

= Direct labor + Manufacturing overhead

= $29,500 + $30,500

= $60,000

Therefore, the conversion costs for September is $60,000.

8 0
4 years ago
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