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
PolarNik [594]
3 years ago
12

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible

accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 2% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2017, accounts receivable were $596,000 and the allowance account had a credit balance of $60,000. accounts receivable activity for 2018 was as follows:
Business
1 answer:
mestny [16]3 years ago
3 0

The accounts receivable = 596,000 + 60,000 (we add because allowance account had a Credit )

Accounts receivable at the end of 2018 = $656,000


You might be interested in
What is meant by an ‘economic boom’?
Anvisha [2.4K]
The Economic boom<span> of the 1920s saw rapid growth in GDP, production levels and living standards. The growth was fuelled by new technologies and production processes such as the assembly line. The </span>economic<span> growth also caused an unprecedented rise in stock market values – share prices increased much more than GDP.

</span>
8 0
3 years ago
Read 2 more answers
You’ve been called in to consult with a small startup company that needs advice on how to set up its computer systems and networ
Ilia_Sergeevich [38]

Answer:

focus on a client-server model

Explanation:

In this scenario, the best advice that can be given would be to focus on a client-server model. Since almost all of the applications that will be used by the employees are server-based it would be best to focus on only implementing the minimum necessary hardware for the 30 employees. So much so that they are able to access the server correctly but without adding excessive hardware power that would simply be overkill. Since the company already has all the necessary LAN switches it would be fairly simple to connect all of these machines together and 50 Mbps is more than enough for data transfer.

7 0
4 years ago
Is ordering a pizza for someone else illegal?
Over [174]
No, its not illegal to order a pizza for someone else
4 0
3 years ago
My mother just died just a few minutes ago
kumpel [21]
Oh I'm so sorry for you
4 0
3 years ago
If equilibrium is achieved in a competitive market the deadweight loss will equal the sum of consumer surplus and producer surpl
marysya [2.9K]

Answer:

there is no deadweight loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.

4 0
3 years ago
Other questions:
  • Five friends​ (a, b,​ c, d, and​
    11·2 answers
  • Determination of Retained Earnings and Net Income The following information appears in the records of Bock Corporation at the en
    5·1 answer
  • Ramirez Corporation sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has
    5·1 answer
  • Using percentages or ratios based upon unforeseen differentials in prices, Forward Pricing Rates Agreements (FPRAs) protect the
    9·1 answer
  • Describe the conventional view of the relationship between the supply of a mineral resource and its market price. What are five
    10·1 answer
  • "A registered representative has a long-term client who works in a bank. The representative tells the client that he wants to bu
    8·1 answer
  • For each of the following accounts indicate the effect of a debit or a credit on the account and the normal balance.
    10·1 answer
  • You have just used the network planning model for a county road resurfacing project and found the critical path length is 40 day
    14·2 answers
  • FOOD;
    5·1 answer
  • In what ways are big businesses linked with sport
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!