1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mademuasel [1]
3 years ago
5

on december 31 prior to adjustment allowance for doubtful accounts has a credit balance of $200. an aging analysis of the accoun

ts receivable produces an estimate of $1,000 of probable losses from uncollectible accounts. The adjusting entry needed to record the estimated losses from uncollectible accounts is made for
Business
1 answer:
Tamiku [17]3 years ago
7 0

Answer:

$800

Explanation:

Given that

Credit balance of allowance for doubtful debts = $200

Estimate amount from uncollectible accounts = $1,000

So, by considering the above information, the estimated losses from uncollectible account is

= Estimate amount from uncollectible accounts - Credit balance of allowance for doubtful debts

= $1,000 - $200

= $800

You might be interested in
Which statement describes direct materials in a manufacturing setting?A) Direct materials are used to determine total manufactur
Helga [31]

Answer:

B) Direct materials are used to determine total inventoriable product costs.

Explanation:

Product costs includes direct materials, direct labor & manufacturing overhead.

This makes Choice B a description of direct materials in a manufacturing setting. All other choices are false.

Their is a chance to use direct labor as a basis for manufacturing overhead but not direct materials.

Direct materials can be separately and conveniently traced.

And finally, as stated above, direct materials are part of the finished product.

7 0
4 years ago
Foyert Corp. requires a minimum $30,000 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid mont
igor_vitrenko [27]

Answer:

From the attached excel file, we have:

a. Ending Cash Balance:

October = $30,000

November = $30,000

December = $34,546

b. Loan Balance End of Month:

October = $20,100

November = $15,301

December = $0

Explanation:

Note: See the attached excel file for the cash budget for October, November, and December.

In the attached excel file, the following calculations are made:

October additional loan = Minimum required cash balance - October Preliminary cash balance = $30,000 - $19,900 = $10,100

November Loan Repayment = November Preliminary cash balance - Minimum required cash balance = $34,799 = $30,000 = $4,799

Download xlsx
8 0
3 years ago
Suppose you are going to receive $13,800 per year for six years. the appropriate interest rate is 8.7 percent. what is the prese
Dmitry_Shevchenko [17]

13.800 \times 6 \div 8.7\%
6 0
3 years ago
Assets Liabilities
olganol [36]

Answer:

1. What is the net working capital for the above company?

Net Working Capital will be 45

2. If the company pays back all of its accounts payable today using cash, what will its net working capital be (in million of USDs)?

Net Working Capital will be 45

3. If the company buys new property, plant and equipment today using its entire cash balance, what will its net working capital be (in million of USDs)?

Net Working Capital will be -1

Explanation:

1.

Net Working Capital = Total Current Asset - Total Current Liabilities

Net Working Capital = 89 - 44 = 45

2.

Current Asset after payment = 89 - 39 = 50

Current Liabilities after payment = 44 - 39 = 5

Net Working Capital = Total Current Asset - Total Current Liabilities

Net Working Capital = 50 - 5 = 45

3.

Current Asset after Purchase = 89 - 46 = 43

Current Liabilities after Purchase = 44 - 0 = 44

Net Working Capital = 43 - 44 = -1

4 0
3 years ago
A manger is described by subordinates as someone who inspires hard work by treating people kindly and giving employees individua
Levart [38]

Answer:

Referent

Explanation:

The referent power refers to the power in which the employees capacity, capability, skills and knowledge, hard work being liked by the other employees. Ths could be gained from the leadership skills and personality

So according to the given question since the manager described by subordinates through inspiring hard work by giving them attention and praise

This represents the referent power

4 0
3 years ago
Other questions:
  • So given your knowledge of the component ratios used in the DuPont equation, which of the following strategies should improve th
    6·1 answer
  • Identify the three criteria you consider to be most important in determining whether or not a system is a quality system. Briefl
    13·1 answer
  • Morgan Company issues 8%, 20-year bonds with a par value of $740,000 that pay interest semi-annually. The current market rate is
    11·1 answer
  • Vailes Company reissued 200 shares of its treasury stock. The treasury stock originally cost $25 per share and was reissued for
    8·1 answer
  • 13. Once a firm decides to enter an industry and chooses a market in which to compete, it must gain an understanding of its comp
    10·1 answer
  • A monopolist Select one: a. can raise its price without losing any sales because it is the only supplier in the market. b. can e
    8·1 answer
  • The driver of a car breaks suddenly when a dog darts out in front of the car. what role did the endocrine system play in the qui
    5·2 answers
  • Genuine Seed Company and Hillside Farmers Cooperative enter into a contract for a sale of hybrid seeds. Under the perfect tender
    12·2 answers
  • Describe the implications of a successful supply chain management strategy to a business in today's competitive global economy.
    12·1 answer
  • Mia’s gross pay is $2954. Her deductions total $724. 15. What percent of her gross pay is take-home pay?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!