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GuDViN [60]
3 years ago
6

Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of

the accounts receivable at year-end.
Number of Days Outstanding
Total 0–30 31–60 61–90 91–120 Over 120
Accounts receivable 200,000 77,000 46,000 39,000 23,000 $15,000
% uncollectible 1% 4% 5% 8% 20%

Calculate the total estimated bad debts based on the above information.
Business
2 answers:
tankabanditka [31]3 years ago
7 0

Answer:

$9,400

Explanation:

Account receivable,%Uncollectible,Estimated Bad debt

A B C

0–30 $77,000 × 1% = $770

31–60 $46,000 ×4%=$ 1,840

61–90 $39,000 × 5%=$ 1,950

91–120 $23,000 ×8%=$1,840

Over 120 $15,000 ×20%= $3,000

TOTAL $200,000=$ 9,400

The total estimated bad debts based on the information given is $9,400

Note:

Account receivable is A

% Uncollectible is B

Estimated Bad debt is C

Estimated bad debt is A× percentage of B= C

ANEK [815]3 years ago
4 0

Answer:

Total estimated bad debts = $9,400

Explanation:

days outstanding     A/c Receivable    %        estimate

0-30                           $77,000              1           $770

31-60                          $46,000              4         $1,840

61-90                           $39,000              5        $1,950

91-120                          $23,000              8         $1,840

over 120                      $15,000               20       $3,000

Total                            200,000                          $9,400                      

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A corporation needs sustainable income in order to cover all of its expenses in the long run.

What is Sustainable income?

Sustainable income represents the after-tax gain or loss on the impact of operations on a discontinued segment of business for a period.

Therefore, in the case of a discontinued operation, there is no sustainable income arising in the future as the segment of business is already discontinued and income, if any, is going to come only for the period of the discontinued operation. Income or expense from discontinued operations is a line of item in the income statement of a company below income from continuing operations and before the net income.

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4 0
1 year ago
By addressing customer complaints as quickly as possible, even in the middle of a model year, is demonstrating ____.
gizmo_the_mogwai [7]

Answer:

c. responsiveness

Explanation:

When customer's complains are quickly attended to as and when required, this is the demonstration of a quality known as responsiveness. Responsiveness is the ability to attend to requests on time when the occasion demands.

It shows and gives an assurance to customers that their request or complaints would be attended to through the channel. Thus, majority of them would prefer to use the channel instead of visiting one of the offices of the company.

3 0
3 years ago
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Equity is also referred to as internet really worth or capital and shareholders fairness. This fairness will become an asset as it's far something that a homeowner can borrow in opposition to if need be. you can calculate it by way of deducting all liabilities from the entire fee of an asset: (equity = assets – Liabilities).

The beginning equity is $15,000 (CR − SMV = EQ, or $45,000 − $30,000 = $15,000). If the market value falls to $25,000, equity is determined as $45,000 minus $25,000 equals $20,000.

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5 0
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Answer:

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There are many types of processes in an organisation few of them are given in the question and the answers to them are provided.

The correct answers are given as follows

The correct answer is provided after the type of process

Operational processes

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