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
pashok25 [27]
3 years ago
14

Boulder Beaver Company had a $150,000 beginning balance in Accounts Receivable and a $6,000 credit balance in the Allowance for

Doubtful Accounts. During the year, credit sales were $600,000 and customers' accounts collected were $590,000. Also, $4,000 in worthless accounts were written off. What was the net amount of receivables included in the current assets at the end of the year, before any provision was made for doubtful accounts
Business
1 answer:
BabaBlast [244]3 years ago
4 0

Answer:

$154,000

Explanation:

The computation of the net amount receivable is shown below:

Beginning balance of Accounts Receivable = $150,000

Add: Credit sales made = $600,000

Less: amount collected  = $590,000

Less: accounts written off = $4,000

Gross balance in Accounts Receivable =$156,000

Now

Beginning balance in the Allowance for Doubtful Accounts= $6,000

Less: Accounts written off adjusted $4,000

Ending balance = $2,000

So,

Net Accounts Receivable is

= $156,000 - $2,000

= $154,000

You might be interested in
If a firm favors a push strategy, using direct selling to educate potential consumers about the features of its products, what k
BigorU [14]

Answer:

industrial products

Explanation:

A company that does this and mostly favors a push strategy is usually selling industrial products. That is because a push strategy focuses on taking the product to the potential customer and showing them how it works as well as how it can benefit them, therefore pushing the product on them. Industrial Products are great for such a strategy since they require actual demonstration and can easily show the potential customer the actual value that the product can provide.

3 0
3 years ago
According to ______________, stock prices react instantaneously, completely and accurately to all publicly available information
Lelu [443]

Answer:

Theory of Efficient markets

Explanation:

According to this theory stock prices react instantaneously to new information

4 0
2 years ago
Mrs. watson believes that all immigrants should go back to the country they came from, and she refuses to hire any for her flora
Lostsunrise [7]

When Mrs. Watson refuses to hire a person because of their nationality, religion or race is an example of discrimination, also happens when someone treats someone else in a way that is harmful, because of the difference in political ideas, sexual orientation or gender.
6 0
3 years ago
Read 2 more answers
Dina loves branded apparel and accessories but cannot afford to buy them too often. Fortunately, Dina lives close to an off-pric
inn [45]

Answer: Off- Price Retail Store

Explanation: An off price retail store also known as treasure hunt is a store that sells at very low prices. They stock wide range of original goods from well known manufacturers and sell at reduced price.

It focuses more on fashion goods from well known designers. The items bought here are well known for quality.

5 0
3 years ago
A book on how to invest in collectibles spends several weeks on best seller lists. The paperback book was originally released fo
miskamm [114]

Answer:

inelastic demand

Explanation:

Price elasticity of demand (PED) measures the proportional change in quantity demanded when the price of a product or service changes:

  • when a 1% decrease in price, increases quantity demanded in a smaller proportion, the PED is said to be inelastic.
  • when a 1% decrease in price, increases quantity demanded in a larger proportion, the PED is said to be elastic.
  • when a 1% decrease in price, increases quantity demanded in the same proportion, the PED is said to be unit elastic.

In this case, the decrease in price (-2%) barely increased the quantity demanded, therefore, the PED is inelastic.

4 0
3 years ago
Other questions:
  • Culture is an integral part of any organization. Please define culture, how is it created, and give three examples of companies
    6·1 answer
  • Last year, which is used as the base year, a firm had cash of $52, accounts receivable of $223, inventory of $509, and net fixed
    10·1 answer
  • ​The monthly salaries of a sample of 100 employees were rounded to the nearest $10. They ranged from a low of $1,040 to a high o
    12·1 answer
  • People want to view their leaders as ethical, fair, and just, especially with the public failing of high-level leaders in the pa
    11·1 answer
  • Northern Illinois Company expects to sell 36,000 units of finished goods over the next 6-month period. The company has 12,000 fi
    13·1 answer
  • A private investment club has $300,000 earmarked for investment in stocks. To arrive at an acceptable overall level of risk, the
    6·1 answer
  • Which of the following is not one of the three conditions that characterizes a perfectly competitive​ market? A. Firms have pric
    8·1 answer
  • debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August, together with information concerning p
    9·1 answer
  • Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:
    10·1 answer
  • Question 4 of 10
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!