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bulgar [2K]
2 years ago
13

National Art is a new business. During its first year of operations, credit sales were $40,000 and collections were credit sales

of $31,000. One account, $525 was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. The ending balance of Allowance for Bad Debts account is ________. Do not round until the final answer. Then round to the nearest whole dollar.
Business
1 answer:
zmey [24]2 years ago
6 0

Answer:

The ending balance of Allowance for Bad Debts account is $800

Explanation:

The computation of the ending balance of allowance for bad debt is shown below:

= Credit sales × uncollectible rate

= $40,000 × 2%

= $800

The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.

However, the other information which is given in the question is not relevant. Hence, ignored it

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2 years ago
Kendra earns $10 per hour babysitting and $15 per hour providing tech support. Her goal is to save at least $1000 by the end of
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The fewest number of hours from the graph is 73 hours.

<h3>Equation</h3>

Equation is an expression used to show the relationship between two or more numbers and variables.

Let x represent the number of $10 course and y represent the number of $15 course.

Her goal is to save at least $1000, hence:

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Also:

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The fewest number is (20, 53)

The fewest number of hours from the graph is 73 hours.

Find out more on equation at: brainly.com/question/2972832

5 0
2 years ago
On the basis of the following data for Garrett Co. for Years 1 and 2 ended December 31, prepare a statement of cash flows using
Liono4ka [1.6K]

Answer:

Garrett Co. cash flows from operating activities is $61,000.

Explanation:

Garrett Co.

Statement of cash flows (extract)

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Add Loss on disposal of equipment                5,000

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Note that purchase of equipment belongs to investing part of the cash flows while proceed from stock issuance and dividend payment belong to financing part of the cash flows

4 0
2 years ago
Which of the following illustrates a tradeoff​? A. Randy enjoys ski vacations. B. I will study for my exam instead of going to t
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8 0
3 years ago
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tatiyna

Answer:

B. Switching

Explanation:

Based on the information provided within the question it can be said that the term that would best describe Carla's behavior would be Switching. This is when a customer changes from one product or service provider to another completely different one within the same industry. Usually because of a bad experience or they are overall displeased with the service provided, which seems to be the case with Carla's first haircut.

8 0
3 years ago
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