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NikAS [45]
3 years ago
10

On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it

by its customer Acme, Inc. The company uses the direct write-off method to account for uncollectible accounts.
prepare the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.
Business
1 answer:
OLga [1]3 years ago
4 0

Answer:

See explanation below

Explanation:

The following will be selected in excel via the drop-down menus.

Dr; Account name = Bad debt expense/Dad debt written off $ 1200

Cr; Account name = Accounts Receivable $ 1200

The company uses the direct write-off method thus these will be the journal entries.

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If conversion costs are added evenly throughout the production process and the unit have made it 50% of the way through the prod
mestny [16]

Answer: C. 50%

Explanation:

From the above question, If conversion costs are added evenly throughout the production process and the unit have made it 50% of the way through the production process then the percentage completion for conversion costs is 50%

3 0
3 years ago
Complete the statement about the compound interest expression.
Misha Larkins [42]

Answer:

The answer is "A"

Explanation:

Cumulative interests are counted by one plus the annual interest rate adjusted to the cumulative periods of less than one. The first principal sum is determined by one. The cumulative sum of the initial loan is then deducted from the calculation.

Formula:

A= \ p (1+ \frac{r}{n})^{nt} \\\\\ Where,\\ \\ A =  \ annual \ interest\\P = \ principal\\t= time\\r= rate

That's why we apply the above formula to calculate the annual interest rate.

5 0
3 years ago
Boone Co.'s sales, based on past experience, are 20% cash and 80% credit. Credit sales are typically collected as follows: 40% i
Tamiku [17]

Answer:

$135,260

Explanation:

Remember to follow the cash collection history to determine the budgeted cash receipts for January.

Budgeted cash receipts for January

January Cash Sales $113,000 x 20%                     $22,600

January Credit Sales $113,000 x 80% x 40 %        $36,160

December Credit Sales ($73,500 - $27,000)       $46,500

November Credit Sales                                          $27,000

Total                                                                       $135,260

Therefore,

Boone Co.'s budgeted cash receipts for January is $135,260

7 0
3 years ago
Felipe's grandparents have given him $1,500.00 to invest while he is in college to begin his retirement fund. He will earn 2.3%
deff fn [24]

Answer:

$1,642.83

Explanation:

The amount after four years can be calculated using the formula below

A = P(1 +r)^n

where A= amount

P = Principal amount $1500

r= interest 2.3% or 0.023

n = time in year; 4

A = $1500(1 + 0.023)^4

A= $1500(1.023)^4

A=$1500x 1.095222

A=$1,642.83

8 0
3 years ago
First to answer gets brainly est
11111nata11111 [884]
One add that I have seen was a grocery store add. The tequneaches that were used were vibrant colors, big words, and compotion of prices. I was affected by the advertisement because you could see the words clearly, and the prices were good. 

Hope I helped!
7 0
3 years ago
Read 2 more answers
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