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Yanka [14]
3 years ago
5

It is blank for motorcycles to pass between cars in the middle of traffic lanes

Business
1 answer:
Natali [406]3 years ago
5 0
<span /><span>It is not okay for motorcycles to pass between cars in the middle of traffic lanes.</span>
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Calistoga Produce estimates bad debt expense at 0.60% of credit sales. The company reported accounts receivable and allowance fo
liraira [26]

Answer: Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021 is $246.

Explanation: Calistoga Produce applies percentage of credit sales method to estimate its bad debt expense. So 0.60% of $331,000 (credit sales) = $1,986 and the balance in allowance for doubtful accounts is $1,520. The following journals would be recorded to adjust for the estimate:

Debit Bad debt expense                                      $466

Credit Allowance for doubtful accounts           $466

The $466 is the difference between $1,986 and $1,520

Now that the company writes off $1,740 accounts receivable, the following journal entries apply:

Debit Allowance for doubtful account              $1,740

Credit Accounts receivable                                $1,740

In summary, the allowance account movement is as follows:

Opening balance                                                 $1,520

Additional bad debt expense                                 466

Write-off during the year                                     (1,740)

Balance, end of the year                                       $246

6 0
3 years ago
Sarah was in a meeting where various vendors were being considered. She noticed that one of the vendors had a history of mistrea
Papessa [141]

Answer:

C. role relativism

Explanation:

In this relativism the moral fits to the goals of the company so its adjusted to gain the goals set inside the firm regardless personal views.

6 0
3 years ago
Read 2 more answers
A 25-year old client with a low risk tolerance wishes to invest in bonds. The client has invested in equities before, but has no
Gnesinka [82]

Answer: C. AA-rated short-term bonds

Explanation:

It was stated that the client has a low risk tolerance. Therefore, to reduce the credit risk, investment grade bonds are appropriate (BBB or higher). To reduce the interest rate risk, short-term maturities will be preferable to long-term maturities. Both of these factors will result in a safer bond investment.

7 0
3 years ago
a company has net working capital of 661. long term debt is $4024, total assets are $6,129, and fixed assets are $3,894. what is
BigorU [14]

Answer:

$5,598

Explanation:

The computation is shown below:

As we know that

Total assets = fixed assets + current assets

$6,129 = $3,894 + current assets

The current asset is $2,235

Now

net working capital = Current asset - current liabilities

$661 = $2,235 - current liabilities

So, the current liabilities is $1,574

Now the total liabilities is

= Current liabilities + long term liabilities

= $1,574 + $4,024

= $5,598

Hence, the total liabilities is $5,598

3 0
3 years ago
Aisha appears to be overconfident, which makes her unapproachable to her employees. Which negative quality is she displaying?
Norma-Jean [14]
Overbearing or Self-Assurance
8 0
3 years ago
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