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yan [13]
3 years ago
9

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $47000. If the b

alance of the Allowance for Doubtful Accounts is $5400 credit before adjustment what is the amount of bad debt expense for that period?
Business
1 answer:
LekaFEV [45]3 years ago
3 0

Answer: $41,600

Explanation: The percentage of receivables method is used to evaluate the amount of bad debt the company can experience in future. Under this method, the bad debt expense is the difference between the ledger balance and the actual balance of bad debt expense.

In the given case, we can calculate it as follows :-

Bad debt expense = estimated uncollectible accounts - allowance

                                = $47,000 - $5,400

                                = $41,600

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Ruskin has a $150,000 cash balance on both its ledger balance and its available bank balance. If Ruskin receives a check and dep
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Answer:

Ruskin receives a check and deposits it in its checking account, the float amount is $300,000.

What is the float amount?

The float amount is the amount that a customer's account reads in the bank at a particular point in time.

The float amount is usually briefly counted twice due to time gaps in registering a deposit and processing the paper checks.

Thus, if Ruskin receives a check and deposits it in its checking account, the float amount is $300,000.

5 0
2 years ago
discuss money supply and inappropriate government policies as causes of fluctuations in business cycles​
VashaNatasha [74]

Answer:

Economic growth can be caused by random fluctuations, seasonal fluctuations, changes in the business cycle, and long-term structural causes. Policy can influence the latter two.

Business cycles refer to the regular cyclical pattern of economic boom (expansions) and bust (recessions). Recessions are characterized by falling output and employment; at the opposite end of the spectrum is an “overheating” economy, characterized by unsustainably rapid economic growth and rising inflation. Capital investment spending is the most cyclical component of economic output, whereas consumption is one of the least cyclical. Government can temper booms and busts through the use of monetary and fiscal policy. Monetary policy refers to changes in overnight interest rates by the Federal Reserve. When the Fed wishes to stimulate economic activity, it reduces interest rates; to curb economic activity, it raises rates. Fiscal policy refers to changes in the federal budget deficit. An increasing deficit stimulates economic activity, whereas a decreasing deficit curbs it. By their nature, policy changes to influence the business cycle affect the economy only temporarily because booms and busts are transient. In recent decades, expansions have become longer and recessions shallower, perhaps because of improved stabilization policy, or perhaps because of good luck.

3 0
3 years ago
Our company makes and sells a single product at the selling price of $97 per unit. In January, we upgraded our manufacturing fac
algol13

Answer:

d. We should accept the offer because it would increase our net operating income

Explanation:

A differential analysis only includes relevant costs. This means that only costs that are affected by the special order are considered. In this case, variable costs are the only relevant costs, since fixed costs will occur regardless of the acceptance or rejection of the special order. This special order will increase the company's operating profits by ($65 - $15) x 100 = $5,000

8 0
3 years ago
Which of the following is true of resumes?
N76 [4]

Answer:

Hello! Your answer would be, BELOW

Explanation:

Job objective should be listed last

Use action words when describing your experience.

These are the statements that are true about resumes. Resumes should include job objectives. However, these should be listed at the end of the resume. A second thing to remember when drafting a resume is that it is important to use action words to describe your experiences. This is because the statements become more interesting, and because this structure will highlight the role that you played in each instance.

Hope I helped! Brainiest plz! Hope you make an 100% and have a wonderful day! -Amelia♥

5 0
3 years ago
_______ is a system for gathering information from respondents by continuously monitoring the advertising, promotion, and pricin
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Scanner-based research is a system for gathering information from a single group of respondents by continuously monitoring the advertising, promotion, and pricing they re exposed to and the things they buy.

  • scanner-based investigation.
  • A method of acquiring data from a single group of respondents by tracking the products they purchase and the advertising, promotions, and prices they are exposed to.
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  • They consist of the number of items sold and the sales price for each item purchased on a particular day in a store.

What is scanner data used for?

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  • NSOs can use this data to determine a product's price by dividing its revenue by the number of units it has sold.

Learn more about Scanner-based research brainly.com/question/15032757

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