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Salsk061 [2.6K]
3 years ago
6

Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance Not

Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Subtotals 553,600 326,600 121,800 49,800 27,700 27,700 Boyd Industries 12,600 12,600 Hodges Company 18,600 18,600 Kent Creek Inc. 6,600 6,600 Lockwood Company 12,300 12,300 Van Epps Company 30,100 30,100 Totals 633,800 356,700 134,100 56,400 46,300 40,300 Percentage uncollectible 1% 5% 25% 35% 50% Allowance for Doubtful Accounts 60,727 3,567 6,705 14,100 16,205 20,150 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 12,755 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. July 31
Business
1 answer:
Murrr4er [49]3 years ago
5 0

Answer:

uncollectible ammount expense 47,972 debit

            allowance for doubtful account    47,972 credit

Explanation:

Fro mthe talbe we are given the amount of account over-time fro meach customer.

As we are presented with all date we should proceed directly with the journal entry:

the aging method stated an allowance of       60,727

the current balance is for                            <u>     (12,755)   </u>

the adjustment will be for:                         <em>       47,972 </em>

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Which of the following would cause the supply curve to shift to the right?
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Technology improves production.

Explanation:

Supply refers to the quantity of goods and services produced and offered to the market for sale.

There are several factors that could cause the supply curve to shift to the right, one of which is technology improves production. An improvement in technology will phase out manual or slow process of production hence shifts supply curve to the right.

When government increases tax on a business, if will affect the income that should have accrued to the business hence supply curve inward. An increase in input prices will affect production cost thereby shifting supply to the left. Also when there is a decline in the numbers of consumers, it will shift supply curve inward because it is these consumers that will purchase whatever that is produced and supplied to the market.

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3 years ago
Semitool Corp. has an expected excess return of 6% for next year. However, for every unexpected 1% change in the market, Semitoo
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8.8%

Explanation:

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Excess return = 6% = 0.06

Return respond factor = 1.2

Expected higher percent = 1.5% = 0.015

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3 years ago
Complete the following table by selecting the term that matches each definition.
NeTakaya

Answer:

See as below

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1. A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply at various prices.

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<em> </em>

2. The claim that other things being equal, the quantity supplied of good increases when the price of that good rises.

Law of supply:<em> The law of supply asserts that there is a positive or direct relationship between price and quantity supplied. Firms are willing to supply more at higher prices to make more profits.</em>

3. The amount of a good that sellers are willing and able to supply at a given price.

Quantity supplied:<em> </em><em>Quantity supplied denotes a numerical value that firms are willing to sell at the given price. A high selling is a motivation for producers to supply more. </em>

4. A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to supply at various prices. supply schedule

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