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
Hunter-Best [27]
4 years ago
12

Beta Corporation wrote off $100,000 due from a specific client in March 2011. However, this client was able to make a Partial pa

yment of $40,000 in June 2011. Recording this cash collection will involve all of the following accounts except:_________.
A. Bad Debt Expense
B. Accounts Receivable
C. Cash
D. Allowance for Uncollectible Accounts
Business
1 answer:
Otrada [13]4 years ago
4 0

Answer:

Option D Allowance for noncollectable Accounts.

Explanation:

The bad debt recovery recording is a two step process.

Step 1 Reverse the entry of bad debt with the amount received

Dr Trade Receivable $40,000

Cr                   Bad debts    $40,000

Step 2 Now record the receipt of amount as a reduction in trade receivable and increase in cash asset.

Dr  Cash  $40,000

Cr Trade Receivables $40,000

The only account unconsidered here was Allowance for the noncollectable account.

You might be interested in
Inflation is 3% per year, what does it mean to place money in your savings account today with interest rates that are .5%
alexira [117]

Answer:

It means that your money will lose value as you will earn less interest than the grow in the inflation rate.  

Explanation:

The inflation is the change on the prices of goods and services from a market basket as they become more expensive year by year. The Inflation rate of 3% suggest that the prices in the economy will increase a 3% at the end of the year while the interest on the money you have deposited in your bank account will gain only 0.5% at the end of the year.

Then the prices of good and services will growth faster than the growth in your savings. This situation makes that you lose purchase power with your money and therefore it will not be intelligent to keep the money in that savings account. The best thing to do is to search for another investment such a Term Deposit or Stocks.  

6 0
3 years ago
An insurance company is obligated to pay a policyholder $500 in one year and $2,000 in 3 years. The insurance company has decide
vladimir2022 [97]

Answer:

The total cost of establishing the portfolio is $2054.95.

Explanation:

The present value of a bond is given as

PV=FV\times\dfrac{1}{(1+r)^n}

For 1 year zero-coupon bond is

  • FV is 500
  • r is 7% or 0.07
  • n is 1

So the value is

PV=FV\times\dfrac{1}{(1+r)^n}\\PV=500\times\dfrac{1}{(1+0.07)^1}\\PV=500\times\dfrac{1}{(1.07)}\\PV=500\times0.9346\\PV=\$ 467.29

Similarly, for 3 years zero-coupon bond is

  • FV is 2000
  • r is 8% or 0.07
  • n is 3

So the value is

PV=FV\times\dfrac{1}{(1+r)^n}\\PV=2000\times\dfrac{1}{(1+0.08)^3}\\PV=2000\times\dfrac{1}{(1.08)^3}\\PV=2000\times0.7938\\PV=\$ 1587.66

So the total cost is

Total Cost=Cost of  1-year zero-coupon bond+Cost of 3-years zero-coupon bond

Total Cost=$ 467.29+$ 1587.66

Total Cost= $ 2054.95

So the total cost of establishing the portfolio is $2054.95.

6 0
3 years ago
After surviving an ischemic stroke, a 79-year-old male has demonstrated significant changes in his emotional behavior, with his
zepelin [54]

Answer: Option (D)

Explanation:

The individual has shown significant alteration in his emotional attitude, he has been going through mood swings. Therefore his immediate response is empathy , anger and sadness. This when analyzed by his care team , they would most likely attribute such changes to ischemic alteration in elements of the individual's limbic system. Since the limbic system controls the rudimentary emotions such as fear, anger and pleasure.

4 0
3 years ago
What is the primary target market for a best cost-provider?
snow_lady [41]

The primary target market for a best cost-provider is the value-conscious buyers.

<h3>What is this  value-conscious buyers about?</h3>

Value consciousness is a term that connote that consumers often pay more attention to deals and any kind of unique offers and are prepared to buy in bulk to be able to get discounts.

Therefore, The primary target market for a best cost-provider is the value-conscious buyers.

Learn more about target market from

brainly.com/question/20812603

#SPJ11

8 0
2 years ago
Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient
irina1246 [14]

Answer:

Explanation:

The direct cost is the cost that is directly related to production. The example is direct material cost, direct labor cost, etc whereas the indirect cost is the cost that is not directly related to the production. It is also known as overhead cost only records all indirect cost i.e depreciation on equipment of factory, property taxes, etc

Based on this, the classification is as follows

1 The wages of pediatric nurses / The pediatric department  = Direct cost (D)

2 Prescription drugs / A particular patient  =  Direct cost (D)

3 Heating the hospital / The pediatric patient  = Indirect cost (D)

4 The salary of the head of pediatrics / The pediatric patient   =  Direct cost (D)

5 The salary of the head of pediatrics / The particular pediatric patient   = Indirect cost (D)

6 Hospital chaplain's salary / A particular patient    = Indirect cost (D)

7 Lab tests by outside contractor / A particular patient  =  Direct cost (D)

8 Lab tests by outside contractor / A particular department =  Direct cost (D)

5 0
3 years ago
Other questions:
  • A rule promulgated by the Environmental Protection Agency (EPA) limits the amount of carbon that can be emitted from a car's exh
    9·1 answer
  • On March 31, 2021, Southwest Gas leased equipment from a supplier and agreed to pay $350,000 annually for 15 years beginning Mar
    13·1 answer
  • ____________controls are designed to stop an undesirable event from occurring, whereas ______________ controls are designed to i
    12·1 answer
  • Real estate is a great way to investment for everyone, particularly since the money is more liquid than common stocks , true or
    7·1 answer
  • Clark’s Landscaping bills customers subject to terms 3/20, n/60.
    7·1 answer
  • Cedar Designs Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main mater
    6·1 answer
  • Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly competitive market. In su
    7·1 answer
  • Co. is considering acquiring a manufacturing plant. The purchase price is $ 1 comma 100 comma 000. The owners believe the plant
    15·1 answer
  • Explain one advantage of good branding to a business.
    5·1 answer
  • The rationale why companies offer customers credit is because: a. offering customers credit, helps with the firm's cash flow pos
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!