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
Dmitriy789 [7]
3 years ago
13

An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $4,937.

Business
1 answer:
Kobotan [32]3 years ago
5 0

Answer:

c. debit to Bad Debt Expense for $3,687.

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $3,687

             To Allowance for doubtful debts $3,687

(Being bad debt expense is recorded)  

The computation is shown below:

= Estimation of the uncollectible receivable - credit balance in allowance for doubtful debts

= $4,937 - $1,250

= $3,687

You might be interested in
Companies that spend more time and effort attracting, developing, and retaining the best people often report superior financial
drek231 [11]

Answer:

The statement is correct as well as true

Explanation:

Financial results or the performance, is the subjective measure or criteria of how well the business or the firm could use the assets from the initial mode of the business and create revenues.

In short, it is evaluated through earning or the loss which consequence from the financial affairs.

So, if the company is spending as well as retaining and developing the best people of their company, will often result in superior as well as healthy results, which means generate a good amount of revenue for the company by producing the goods.

6 0
3 years ago
A certain business produced x rakes each month form November through February and shipped x/2 rakes at the beginning of each mon
Natasha_Volkova [10]

Answer:

C. 1.40x

Explanation:

1. Production:

November through February: x rakes/month* 4 months = 4x rakes.

2. Shipping and storage costs

March= 4x (initial stock) - x/2 (shipped) = 3.5 x (in stock) * 0.1$ = $0.35

April = 3.5x (stock at end of March) - x/2 (shipped) = 3x*0.1$ =  $0.30

May = 3x (stock at the end of April) - x/2 (shipped) = 2.5x*0.1$ = $0.25

June= 2.5x (stock at the end of May) - x/2 (shipped) = 2x (in stock) * $0.1 = 0.2$

July = 2x (stock at end of June) - x/2 (shipped) = 1.5x*0.1$ =  $0.15

August = 1.5x (stock at the end of July) - x/2 (shipped) = 1x*0.1$ = $0.1

Sept= 1x (stock at the end of August.) - x/2 (shipped) = 0.5 x  (in stock) * $0.1 = $0.05

October = 0.5x (stock at end of sept.) - x/2 (shipped) = 0*$0.1 =  $0

Total storage cost= $0.35x+$0.30x+$0.25x+$0.20x+$0.15x+$0.10x+$0.05x+$0x

Total storage cost = $1.40X

5 0
3 years ago
Which of the following is not a limitation to monetary policy?​ a. ​ Because the Federal Reserve System is made up of twelve bra
rosijanka [135]

Answer: The following is not a limitation to monetary policy: <u><em>because the Federal Reserve System is made up of twelve branches, it is essentially very difficult to get a decision enacted by the Board of Governors.</em></u>

The monetary policy have limitation in regard with fiscal policy, governance and other such entities. These limitations are as follow:

The effects of monetary policy by and large happen after some time has passed as they are to be carried out through commercial banks.

Fiscal policies often tend to be at odds or against certain monetary policies and its impact when enforced.

The Fed does not have control over international banks or non-member banks and thus any decision taken by them tends to affect the mere nature of monetary policies implemented by Fed.

7 0
3 years ago
Issuers of coupon bondsmake a single payment of principal when the bonds matures, but multiple payments of interest over the lif
qaws [65]

Answer:Make a single payment of principal when the bonds matured but multiple payment of interest over the life of the bond.

2.0600

Explanation:

Bonds normally has a life of span from one upward for which interest will be paid to the investors as compensation for use of their fund and the principal sum will be refunded on the expiration of the bond life.

The return on a bond is fixed as specified in the bond contract the inability to make payment as at when due may not affect the return obtainable from the bond initial contract.

3 0
3 years ago
Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple int
siniylev [52]

Answer:

444

Explanation:

Simple Interest for a year can be calculated using

I = PRT/100

P= Principle amount

R= percent simple interest

T= time

(3700)(12)(1)/100 = 444

3 0
2 years ago
Other questions:
  • A replacement analysis is most objectively conducted from the viewpoint of:
    9·1 answer
  • Finder Technologies Inc. has manufacturing units in Canada. The country's stable economic and political environment helps the fi
    11·1 answer
  • Suppose the current price of a good is $195. At this price, the quantity supplied is 160 units, and the quantity demanded is 200
    15·1 answer
  • Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fin
    7·1 answer
  • New Furniture. Penny purchased $3,000 worth of furniture from Bob's furniture shop. Through an arrangement with Bob, Penny finan
    10·1 answer
  • You are writing the financial analysis for a snowboarding apparel business you are hoping to open in Topeka. Which tips should y
    5·1 answer
  • The following are hibiscus company cost of making and selling an item:
    15·1 answer
  • A perfectly elastic supply curve is: Group of answer choices upward sloping to the right. vertical. horizontal. downward sloping
    6·1 answer
  • After a loan is sold in the secondary market, the originating lender may be required to repurchase the loan due to
    11·1 answer
  • As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!