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Yakvenalex [24]
3 years ago
6

Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from t

he accounting records of Creek Co:
Cash sales $250,000
Credit sales 750,000
Total sales 1,000,000
Credit balance in the Allowance for Doubtful Accounts 2,000
Bad debt loss rate 3%
What is the estimate of bad debt expense?
a. $30,000.
b. $22.500.
c. $28,000.
d. $24,500.
Business
1 answer:
Afina-wow [57]3 years ago
5 0

Answer:

b. $22.500.

The estimate of bad debt expense is $22,500

Explanation:

Method of Bad Debt estimation = Percentage of credit sale

Bad Debt Expense = 3% of credit sale  ($750,000)

Bad Debt Expense = 3% x $750,000

Bad Debt Expense = $22,500

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What kinds of unemployment is Naomi experiencing if she has a degree in a field that is experiencing a great deal of growth at t
saveliy_v [14]

Answer:

<em>Naomi experiences Frictional Unemployment due her movement to a new city.</em>

Explanation:

Although Naomi has a degree in a field that is experiencing a great deal of growth, her movement causes her to remain unemployed, not because she has no skill but because of the difference in the job and worker demand and supply between these two places, that is characteristic of frictional unemployment. <em>Frictional unemployment is a type of unemployment that is based on the unemployed person's circumstances</em>. It can be <em>as a result of the person trying to find a better job or as a result of the person moving from an old place to a new place</em>. This type of unemployment exists because jobs and workers have their differences, creating a type of mismatch between the supply and demand of jobs and workers.

4 0
4 years ago
According to Dean Jarley, The EXCHANGE is a place in the college where _______ happen in order to create a culture of engagement
Drupady [299]

Answer:

Conversation

Explanation:

According to Dean Jarley, The EXCHANGE is a place in the college where conversation happen in order to create a culture of engagement.

Dean Jarley said that 'the idea behind The Exchange is simple' because education at its highest level happens when people are given the opportunity to interact, discuss  and have a conversation with some other person who has brilliant ideas to share.

Furthermore, Dean Jarley believes that the more opportunities people have to engage in such conversations, the more they are likely to exchange brilliant ideas and the more learning will occur.

3 0
3 years ago
TTC is planning to raise $3.25 million for three years at an interest rate of 7.35 percent to finance their expansion. The Alban
Liula [17]

Answer

329,245.19

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
3 years ago
Stone sour co. has an roa of 9 percent and a payout ratio of 18 percent. what is its internal growth rate?
DaniilM [7]

The internal growth rate is 7.97% Approximately

The internal growth rate is computed as shown below:

= ROA x ( 1 - payout ratio ) / [ 1 - ( ROA x payout ratio) ]

= 0.09 x ( 1 - 0.18 ) / [ 1 - ( 0.09 x 0.18 ) ]

= 0.0738 / 0.9262

= 7.97% Approximately

An internal growth rate (IGR) is the best degree of growth potential for a commercial enterprise with out acquiring outdoor financing. A firm's most inner increase rate is the extent of business operations that may maintain to fund and grow the corporation with out issuing new equity or debt.

The IGR assumes that operations can be entirely self-funded by way of the corporation's retained profits. In evaluation, the sustainable increase price (SGR) includes the effect of external financing, however the current capital structure is kept steady.

Learn more about internal growth rate here: brainly.com/question/25849702

#SPJ4

5 0
1 year ago
What savings account generally pays the least amount of interest of all savings options?<br> account
Hunter-Best [27]

Answer:

Regular savings accounts

Explanation:

Regular savings accounts are also called deposit savings accounts. They are the easiest way to save money in a bank or credit union and receive interest. These types of accounts require a small deposit to open, and the minimum balance is also low. One can avoid monthly charges by maintaining the minimum balance at all times.

The deposit/regular savings accounts are very liquid. Most banks will not have restrictions on the number of deposits and withdrawals per period, say a month. Due to this feature, these accounts earn the lowest interest compared to the other savings accounts. Deposit/ regular accounts are also referred to as transactional savings accounts.  

The other types of savings accounts include Money market accounts and Certificates of deposit accounts.

5 0
3 years ago
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