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nexus9112 [7]
4 years ago
15

At the end of 2020, Ivanhoe Co. has accounts receivable of $740,700 and an allowance for doubtful accounts of $71,600. On Januar

y 24, 2021, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $6,300. On March 4, 2021, Ivanhoe Co. receives payment of $6,300 in full from Megan Gray.
Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is entered.
Business
1 answer:
Mila [183]4 years ago
6 0

Answer:

Altogether, there is $824,900 recieved!

Explanation:

Please mark brainliest! Have a nice day!

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Pierre, a cash basis, unmarried taxpayer, had $2,180 of state income tax withheld during
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I would say 2189 as tax refunds ps the question is unfull
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3 years ago
The employees at Violet Inc. are required to complete their work and leave the office premises by 6:00 p.m. Team outings are org
earnstyle [38]

Answer: Norms

Explanation:

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3 years ago
Number of Employees 20 Average Salary per employee $ 30,000 Weeks per year 52 Minutes available per week 2,400 Practical capacit
stich3 [128]

Answer:

1,996,800 minutes

Explanation:

Calculation for what is the practical capacity of resources supplied in minutes

Practical capacity of resources supplied =52 weeks × 2,400 minutes per week× 80% × 20 employees

Practical capacity of resources supplied= 1,996,800 minutes

Therefore the practical capacity of resources supplied in minutes is 1,996,800 minutes

7 0
3 years ago
Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm’s capacity. If he adds one mor
joja [24]

Answer:

A.$12,000

B.$8000

C.MRPL/PL = 3

MRPK/PK =2

D) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.

Explanation:

(a) The Marginal Revenue Product of Labor (MRPL) can said to be the additional revenue generated when an additional worker is employed.

$66,000 - $54,000 = $12,000

Thus, MRPL is 12,000

b) Marginal revenue product of capital is

( 62000 - 54000)= $8000

c) MRPL/PL = 12000/ 4000= 3

MRPK/PK = 8000/4000=2

Therefore Since these two ratios are not equal it means the firm is not using the least cost combination of inputs.

d) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.

5 0
3 years ago
What do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something hap
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They purchase insurance.
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3 years ago
Read 2 more answers
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