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Marysya12 [62]
3 years ago
13

At the beginning of the year, the balance in Allowance for Doubtful Accounts is a credit of $760. During the year, previously wr

itten off accounts of $120 are reinstated and accounts totaling $740 are written off as uncollectible. The end-of-year balance (before adjustment) in Allowance for Doubtful Accounts should be:(A) $760(B) $120(C) $140(D) $740
Business
1 answer:
Nat2105 [25]3 years ago
3 0

Answer:

(C) $140

Explanation:

The computation of the end year balance before adjustment is shown below:

= Opening balance of allowance for doubtful debts + reinstated previously written off accounts - uncollectible amount

= $760 + $120 - $740

= $140

For computing the end year balance we add the previously written off amount and minus the uncollectible amount to the opening balance of the allowance for doubtful accounts

Hence, option c is correct.

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Dorothy Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following e
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Answer:

Explanation:

April 2

Dr Cash  34,830

Dr Equipment 15,540

    Cr Owner's capital 50,370

April 2

no entry

April 3

Dr Supplies 830

       Cr Accounts payable 830

April 7

Dr Rent expense 630

        Cr Cash 630

April 11

Dr Accaunts receivable 1360

    Cr Service Revenue          1360

April 12

Dr Cash 3940

     Cr Unearned service revenue 3940

April 17

Dr Cash 2950

     Cr Service Revenue 2950

April 21

Dr Insurance expense 150.30

    Cr Cash 150.30

April 21

Dr wages expense 1280

    Cr Cash                      1280

April 30

Dr Supplies expense 130

     Cr Supplies                130

April 30

Dr Equipment 7000

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4 0
3 years ago
Bramble Corp. reported the following items for 2016: Income tax expense $62000 Contribution margin 180000 Controllable fixed cos
Ivenika [448]

Answer:

controllable margin =  $100,000

Explanation:

given data

Income tax expense =  $62000

Contribution margin =  180000

fixed costs =  80000

Interest expense = 68000

Total operating assets = 40000

to find out

How much is controllable margin

solution

we get here controllable margin that is express as

controllable margin = contribution - controllable fixed cost      ....................1

put here value we get

controllable margin = 180000 - 80000

controllable margin =  $100,000

4 0
3 years ago
lanier company manufactures expensive watch cases sold as souvenirs. three of itssales departments are retail sales, wh
Nataly [62]

Mary Gammel's responsibility in the firm is to monitor the results of profit center because it is the key driver of the total results of the company.

<h3>What is Mary Gammel position?</h3>

She is a manager in the retail sales department which is a profit center in the firm because it is saddles with role of supervising the team of sales representatives who works with customers.

Hence, Mary Gammel's role is to monitor the results of profit center because it is the key driver of the total results of the company.

Missing words "<em>Mary Gammel is a manager in the Retail Sales Department. Determine what should be included in the responsibility report of the manager</em>"

Read more about retail sales department

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3 0
1 year ago
during the second stage of the ethical decision-making process, managers must determine whether a proposed decision would violat
nikdorinn [45]

When a manager needs to make a decision using the ethical decision-making process and reaches the second stage, they check whether the decision violates the c. fundamental rights of any stakeholders

The ethical decision-making process involves making decisions that are consistent with the relevant ethical views of the company which it draws from the society it is based in.

The second stage of this process involves checking whether the ethics involved in a certain decision, would violate the fundamental rights of shareholders which include:

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This is to ensure that the shareholders are taken care of because the first duty of a manager is to their shareholders.

In conclusion, managers need to check whether a decision affects the fundamental rights of shareholders before they embark on it.

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<em />

The options for this question include:

a. utilitarian beliefs

b. the global commons

c.  the fundamental rights of any stakeholders

d. home country values

4 0
2 years ago
reactions to organizational change by lower level employees that interfere with change implementation processes are called
Tanzania [10]

Reactions to organizational change by lower-level employees that interfere with change implementation processes are called resistance.

A worker is an employee that plays precise obligations for a commercial enterprise in alternative for normal pay. employees negotiate a salary with their organization and typically receive advantages, inclusive of additional time pay and holiday.

A worker is someone who receives paid to paintings for someone or organization. people do not need to work full time to be taken into consideration personnel—they truely need to be paid to paintings by using an organisation (the man or woman or business that can pay them).

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