Answer:
$189,500
Explanation:
Calculation to determine what amount should Barley report as allowance for uncollectible accounts
Using this formula
Allowance for uncollectible Accounts=Barley's gross accounts receivable percentage*Barley's gross accounts receivable
Let plug in the formula
Allowance for uncollectible Accounts= 1%*$18,950,000
Allowance for uncollectible Accounts= $189,500
Therefore The amount that Barley should report as allowance for uncollectible accounts will be $189,500
Answer: customer responsiveness and innovation
Explanation: Customer responsiveness refers to the awareness of the customer that helps an organisation to modify their operations. Innovation, in simple words, refers to the generation and implementation of a new idea.
In the given case, the entrepreneur found the need to train their customers about socioeconomic issues while training them, this depicts customer responsiveness.
However starting a unique business of consulting the managers is an example of innovation.
Answer:
A decrease in supply means that producers plan to sell less of the good at each possible price.
Explanation:
Answer:
$2,466,000
Explanation:
Use the missing figure approach or gross profit method as below :
Trading Account
Sales $4900000
Less Cost of Sales :
Opening Inventory $2050000
Add Purchases $4091000
Total $6,141,000
Less Closing Inventory ($2,466,000) ($3,675,000)
Gross Profit ($4900000 x 25%) $1,225,000
thus,
The merchandise inventory of Wildhorse at December 31, 2020 is $2,466,000
B. Querying is the term <span>used to refer to the requesting of information from a database</span>
