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Tomtit [17]
3 years ago
11

BlendedBlended Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Al

lowance for Bad Debts had a credit balance of $ 800$800. During the year BlendedBlended wrote off uncollectible receivables of $ 1 comma 700$1,700. BlendedBlended recorded Bad Debts Expense of $ 2 comma 900$2,900. What is Blended'sBlended's ​year-end balance in Allowance for Bad​ Debts?
Business
1 answer:
sukhopar [10]3 years ago
3 0

Answer:

Blended'sBlended's ​year-end balance in Allowance for Bad​ Debts is $2,000

Explanation:

The computation of the ​year-end balance in Allowance for Bad​ Debts is shown below:

= Credit balance of Allowance for Bad Debts + bad debt expense - wrote off uncollectible receivables

= $800 + $2,900 - $1,700

=  $2,000

Simply we added the bad debt expense and deducted the written off uncollectible receivables to the beginning balance of  Allowance for Bad Debts

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Required information
Dmitriy789 [7]

Answer:

a) c) d)

Explanation:

a) The  seller does not have to decide who gets credit - this is done by the card issuer

c) seller receives cash sooner than if credit is granted directly to the customers - The cash is received from the card issuer

d) may allow seller to increase sales volume - As cash is available to those who otherwise might not have it for purchases

7 0
4 years ago
Cox Footwear pays a constant annual dividend. Last year, the dividend yield was 3.2 percent when the stock was selling for $35a
marissa [1.9K]

Answer:

The current price of the stock is b. $38.62

Explanation:

Hi, in order to find the current price of the stock, first we need to find the amount paid as a constant dividend, the formula is as follows.

DivYield=\frac{Dividend}{Price}

So, things should look like this

0.032=\frac{Dividend}{35}

Dividend=0.032*35=1.12

So the amount of constant dividend tha this company is paying is $1.12/share

Now we can find the current price using the same equation and solving for "Price",

0.029=\frac{1.12}{Price}

Price=\frac{1.12}{0.029} =38.62

Therefore, the current price of the stock is $38.62, that would be option b.

Best of luck:

7 0
4 years ago
Interest on a Note Payable is most appropriately accrued:_____________
Thepotemich [5.8K]

Answer: Interest on a Note Payable is most appropriately accrued: "B. as of the end of each accounting period during which the note is a liability.".

Explanation: As long as the Note Payable remains a liability and has not yet reached its due date, according to the accrual principle, at the end of each accounting period the accrued interest must be recognized, and when the Note payable reaches its expiration it must remain with balance 0 the interest not accrued account.

8 0
3 years ago
What are the primary factors that allowed the increase in per animal productivity in the u.s. beef industry?
Vladimir79 [104]

The primary factors that allowed the increase in per animal productivity in u.s. beef industry is Effective breeding, feeding, health, and management programs.

Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of enterprise resource management.

Governance is the management of an organization, such as a business, non-profit organization, or government agency. This is the art and science of managing company resources.

The Management Plan is a formal planning tool designed to shape the future operation of a facility. This is a written document outlining: Institution goals and objectives

Learn more about management brainly.com/question/1276995

#SPJ4

5 0
2 years ago
The following proceeds received by Grove City in year 1 are legally restricted to expenditure for specified purposes: Donation b
tatiyna

Answer:

The $1,200,000 should be accounted for in Grove’s special revenue funds

Explanation:

Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.  

The computation of special revenue funds is shown below:

= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district

= $300,000 + $900,000

= $1,200,000

4 0
4 years ago
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