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serg [7]
3 years ago
12

Using the aging method of accounts receivable method, $5,800 of the company’s Accounts Receivable are estimated to be uncollecti

ble. At the end of the year, the balance of Accounts Receivable is $108,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $660. Credit sales during the year totaled $166,000. What is the current year’s Bad Debt Expense?
Business
1 answer:
djverab [1.8K]3 years ago
6 0

Answer:

$5,140

Explanation:

Data provided in the question:

Uncollectible Accounts receivable = $5,800

Balance of Accounts Receivable = $108,000

Allowance for Doubtful Accounts = $660

Credit sales during the year = $166,000

Now,

Bad debt expense = Uncollectible Receivables - Allowance of doubtful debts

or

Bad debt expense = $5,800 - $660

or

Bad debt expense = $5,140

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Corporate Fund started the year with a net asset value of $14.00. By year-end, its NAV equaled $13.20. The fund paid year-end di
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Answer:

What was the rate of return to an investor in the fund?

10%

Explanation:

To calculate the Rate of Return it's necessary to find the variation of the Net Assets Value during the year plus the distributions of income, the result of this it's divided by the Start of Year Net Asset Value.

Rate of Return  = (Var NAV + Distributions) / Start of Year NAV

Rate of Return  =

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Rate of Return  =  (-$0,80 + $ 2,2 ) / $14,0 = 10%

 

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3 years ago
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Question 1(Multiple Choice Worth 10 points)
san4es73 [151]

Answer:

Option A, Increased mental stress

Explanation:

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2 years ago
Microsoft and Intel are two companies that illustrate the concept of "bargaining power of suppliers" in Porter's five forces mod
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Answer:

True

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