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Vaselesa [24]
3 years ago
8

On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $53,600

and $1,325, respectively. During 2022, Larry's wrote off $1,465 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $1,280 at December 31, 2022. Bad debt expense for 2022 would be:
Business
1 answer:
mojhsa [17]3 years ago
4 0

Answer:

$1,420

Explanation:

The computation of the bad debt expense is shown below:

As we know that

Ending balance of allowance for uncollectible accounts = Beginning balance of allowance for uncollectible accounts + bad debt expense - written off amount

$1,280 = $1,325 + bad debt expense - $1,465

So, the bad debt expense for the year 2022 is $1,420

Basically we applied the above formula to find out the bad debt expense

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Minchanka [31]

Answer:

Explanation:

Mack, Marianne, and Martin

Explanation:

From the question, we are informed about, Mack who writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier in payment for the next four month's delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check. In this case St. Mark's may look for recovery from Mack, Marianne, and Martin. This is because the check was endorsed by three of them and as a result of this anything that happened to the check may be it's not been accepted or other things, they will be held responsible for it since they signed at the back of the check.

5 0
3 years ago
Coffee beans are an input in the production of coffee. Coffee in turn is a complement to pie. an increase in the price of coffee
AleksandrR [38]

An increase in the price of coffee beans can be expected to increase the demand for pie.

So, in the market if the price of coffee beans increases, quantity demanded for coffee will decrease. As, the coffee in turn is a complement to pie the consumers using coffee will now shift themselves to pie, unless the price decreases for coffee. Thus, the demand for pie is expected to increase now.

Several events could lead to such a change, an increase in  population , an increase in incomes, or an increase in the price likely to increase the quantity of coffee demanded at each price.

Hence, this represents the Law of Demand.

To learn more about the Law of Demand here:

brainly.com/question/10782448

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3 0
2 years ago
Outsourcing: Question 19 options: Transfers traditional internal activities to outside vendors. Utilizes the efficiency which co
gavmur [86]

Answer:

Transfers traditional internal activities to outside vendors.

Utilizes the efficiency which comes with generalization

Explanation:

Outsourcing can be regarded as a business practice which involves hiring a party from outside of the company so that the party can perform particular services as well as creation of goods which traditionally are been performed in-house by the employees and staff of the own company.Outsourcing helps in cost-cutting measure

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6 0
3 years ago
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Vladimir79 [104]

Answer:

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Sales representatives are often compensated, at least in part, on a percentage of the sales revenue. this percentage is known as
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The percentage is known as the salary 
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