1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ra1l [238]
3 years ago
11

Domino Company uses the aging of accounts receivable method to estimate uncollectible accounts expense. Domino began Year 2 with

balances in Accounts Receivable and Allowance for Doubtful Accounts of $46,890 and $3,710, respectively. During the year, the company wrote off $2,770 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule:
Number of Days Past Due Receivables Amount % Likely to be Uncollectible
Current $82,000 1%
0-30 $29,500 5%
31-60 $7,960 10%
61-90 $4,220 25%
Over 90 $3,900 50%
Total $127,580

What will Domino record as Uncollectible Accounts Expense for 2016?

a. $6,096
b. $2,296
c. $5,116
d. $2,820
Business
1 answer:
nignag [31]3 years ago
6 0

Answer:

$5,156

Explanation:

The computation of the uncollectible account expense is shown below:

But for this, first we have to compute the ending balance of allowance that is shown below

Current          $82,000 × 1%  = $820

0-30               $29,500  × 5%  = $1,475

31-60              $7,960 × 10%  = $796

61-90              $4,220  × 25%  = $1,055

Over 90          $3,900 × 50% = $1,950

Total                                            $6,096

Now the uncollectible account expense is

= $6,096 + $2,770 - $3,710

= $5,156          

This is the answer but the same is not provided in the given options

You might be interested in
Melanie is working in a laboratory and spills a bottle of reagent which sources would most likely tell her how to clean the spil
I am Lyosha [343]
<span>The lab teacher would be one resource that could be asked, since they are likely experienced in the use and disposal of the reagent. Also, in other instances, the Material Safety Data Sheets could be accessed, since they will have all the steps required for handling, disposal, and cleaning of the reagent, and any hazards that need to be accounted for in the cleaning-up process.</span>
7 0
3 years ago
You form an alliance with a group of your coworkers at the office and agree that you will only discuss group-related matters at
8_murik_8 [283]

Answer:

d. Group Norm

Explanation:

Group Norms are informal rules that generally discourage behaviors that impede the efficacy of a group and and encourage the group to work efficiently.

They are regulations that groups adopt that ensure some form of order and they are also a reflection of the expectation of members of the group should interact and work.

Here, agreeing that members of the group will only discuss group-related matters at 1pm on Wednesdays is an example of a Group Norm because;

1. It is an unwritten rule

2. It is majorly to ensure that order is maintained so that the purpose of the group remains undefeated.

3 0
2 years ago
The opportunity cost to a consumer who smokes cigarettes is the:
andreyandreev [35.5K]

Answer: d. Products the consumer could have bought instead of cigarettes.

Opportunity cost refers to the loss benefits from the choices a person would have made if he or she had not made a particular choice.  

Opportunity cost is also known as alternate cost.

In this question, had the consumer would have spent on other products if he had not bought cigarettes. Hence these products represent the opportunity cost of cigarettes.

6 0
3 years ago
The structural engineering design section within the engineering department of a regional electrical utility corporation has dev
Vinil7 [7]

Answer:

102.99 hours needed

Explanation:

Zu = K (U^n)

Zu= estimation of tower which is for 8

U= number of tower which is 8

n= log0.94/log2

Zu= 124(8^{log0.94/log2} )= 102.99hours

6 0
3 years ago
When we think of successful music entertainment groups of the past sixty years, the beatles™ almost always appear in the top 5!
4vir4ik [10]
I would say that John Lennon inspired the other 3 beatles to make important compositional contributions and thus continue to create popular music to build on the excellent reputation they already had in the music business and with their fans. 
8 0
3 years ago
Other questions:
  • All competitive advantages do not accrue to large-sized firms. A major advantage of smaller firms are that they ____ (A) have mo
    14·1 answer
  • Jasper makes a $45,000, 90-day, 6.5% cash loan to Clayborn Co. Jasper's entry to record the collection of the note and interest
    12·1 answer
  • Building a new mall what will be the input, the conversion, and the output
    8·1 answer
  • Your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes
    15·1 answer
  • The earned value divided by the actual, cumulative cost of the work to date is the: Budget efficiency index. Schedule performanc
    5·1 answer
  • Sal’s satellite company broadcasts TV to subscribers in Los Angeles and New York. The demand functions for each of these two gro
    9·1 answer
  • Name the institutions that provide technical education in the Nepalese context.
    15·2 answers
  • If you were a cosmetologist working in a spa and were 15 minutes late for your first appointment, how would that impact those yo
    12·1 answer
  • A modification to a product that changes the taste, texture, sound, smell, or appearance is a(n) _______.
    8·1 answer
  • giannis corporation purchases debt investments as trading securities at a cost of $150,000 on december 1. this is its first and
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!