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Mkey [24]
3 years ago
6

using the percentage of receivables method for recording bad debt expense, estimated uncollectible accounts are 14900, if the ba

lance of the allowance for doubtful accounts is 19600 debit before adjustment, what is the amount of bad debt expense
Business
1 answer:
Ludmilka [50]3 years ago
4 0

Answer: Bad Debt expense= $34,500

Explanation:

Bad debt expense is the account receivables that a business records amount that would not be received due to lack of payment by its customers.

Using the percentage of receivables method,

Estimated uncollectibles  = $14,900

unAdjusted balance in Allowance account = $ 19,600 debit

Bad Debt expense = Estimated uncollectibles  +Unadjusted balance of a debit = $14,900 + $19,600= $34,500

This amount of $34,500  will now be recorded through an adjusting entry, The Bad Debt expense will be debited.

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How would you suggest that Alliant measure the effects of a diverse workforce?

Different background and more diversity can contribute for new strategies and innovation for the company. The effects of diversity can be directly quantified after hiring more diverse people into a determined sector and by comparing the profits before and after hiring. In other words, the UX of a product made by a company mostly with individuals from a social group A cannot easily design a product which a group B can identify themselves.

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If a company ignored workforce diversity, how might it be affected?

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Which sentence in the passage refers to the "analysis" of a given problem?
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3 years ago
Which best describes the role of financial planning?
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an amount of 16000 is borrowed for 8 years at 3% interest, compounded annually. if the loan is paid in full at the end of that p
bezimeni [28]

He must pay back 20268.32 of amount after borrowing 16000 for 8 years at the interest rate of  3% for one year.

<h3>How to calculate loan amount ?</h3>
  • The term "Loan Amount" refers to the sum of money we currently owe you for this mortgage. The loan amount may also include other fees, interest , defaulted payments, interest on defaulted payments, principal, and interest on unpaid principal.
  • The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount.

Amount he borrowed = 16000

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Calculate full amount (A) :

Equation for A = P(1 + r/n)^(nt)

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He need to pay 20268.32 after 8 years.

To learn more about Loan amount refer :

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