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Elza [17]
3 years ago
6

Using the percentage-of-sales method, the estimated total uncollectible accounts are $7,322. The Allowance for Uncollectible Acc

ounts prior to adjustment has a debit balance of $2,635. The Accounts Receivable balance is $44,720. The amount of the adjusting entry for Uncollectible- Accounts Expense is
A. $7,322
B. $9,957.
C. $2,635
D. $4,687
Business
1 answer:
xenn [34]3 years ago
8 0

Answer:

B. $9,957.

Explanation:

The computation is adjusted amount for Uncollectible account expense is shown below:

= The estimated total uncollectible accounts + debit balance of Allowance for uncollectible accounts

= $7,322 + $2,635

= $9,957

For computing the adjusted amount we added the estimated total uncollectible accounts and the debit balance of Allowance for uncollectible accounts

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liubo4ka [24]

Answer:

c. $125.00

Explanation:

Let us assume the x for invested in portfolio

Invested proportion × expected return of the optimal portfolio + (1 - invested proportion) × risk free rate = expected return

x × 7% + (1 - x) × 3% = 8%

7% x + 3% - 3% x = 8%

4% x = 5%

X = 1.25

Now the invested amount would be

= 1.25 × $500

= $625

So, the borrowed amount would be

= $625 - $500

= $125

8 0
3 years ago
Company AA and Company BB have identical Assets, Revenues and Ebit. They are in the same line of business. Company AA has a Debt
saveliy_v [14]

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Because the credit help the company BB to run over and to make monney.

7 0
3 years ago
Identify the career that matches each description.
mariarad [96]

Answer:

You didn’t provide a list so I came up with possible answers.

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8 0
3 years ago
Read 2 more answers
Which of the following mechanisms would be most likely to help motivate managers to act in the best interests of shareholders?
myrzilka [38]

Answer:

The correct answer is d) Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries.

Explanation:

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The shareholder, on the other hand, is also an investor, since he contributes capital with a view to obtaining a dividend.

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5 0
3 years ago
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Advocard [28]

Answer: Under class

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4 0
3 years ago
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