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
ad-work [718]
3 years ago
13

Myrtle Beach Pro-Shop receives information that requires the company to increase its expectations of uncollectible accounts rece

ivable. Which of the following does not occur on the company’s financial statements?a. Bad debt expense is increasedb. Accounts receivables (gross) is reducedc. Net income is reducedd. The allowance account is increasede. None of the above
Business
1 answer:
Lera25 [3.4K]3 years ago
3 0

Answer:

b. Accounts receivables (gross) is reduced

Explanation:

As we know that

The journal entry to record the bad debt expense is  

Bad debt expense A/c Dr

  To Allowance for doubtful debts

(Being allowance of uncollectible accounts are recorded)

By passing this journal entry, both bad debt expense and the allowance for doubtful debts which result in a decrease in the net income and the balance of account receivable but the gross of account receivable would remain the same.

You might be interested in
Which of the following would NOT affect your FICO score?
Elodia [21]
D) Which is Defaulting on a loan!
8 0
2 years ago
Jefferson, Inc. produces two different products (Product 5 and Product Z) using two different activities: Machining, which uses
Julli [10]

Answer:

25%

Explanation:

Calculation for the proportion of Machining activity used by Product 5

Using this formula

Machining activity = Product 5 Machine hours /Total machine hours

Let plug in the formula

Machining activity = 1,100/4,400

Machining activity = 0.25×100

Machining activity = 25%

Therefore the proportion of Machining activity used by Product 5 is 25%

7 0
3 years ago
A welder who quits his job and moves from Pittsburgh to Madison to try to get a better welding job is said to be:Group of answer
RideAnS [48]
Frictional unemployment is the result of voluntary employment transitions within an economy.
5 0
2 years ago
Harrison Corp. wants to raise its level of service to enhance customer experience. The board of directors sent out an email cont
romanna [79]

Answer:

Downward communication

Explanation:

Downward communication in a formal structure is the flow of information in terms of orders, appreciation, encouragement from higher authority to subordinates across the organization.

Upward communication in the form of feedback and problems flow from lower level employees to upper level. Here, the board of directors are top level employees who have passed the message to the employees to raise the level of service. This is a form of downward communication.

4 0
3 years ago
Linda decides to open a kiosk in the mall selling baseball hats. It costs her $2280 to stock 100 hats and $3580 to stock 500 hat
Liula [17]

Answer with Explanation:

1. Marginal Cost per Unit

As we know:

Marginal Cost per Unit = Change in Cost / Change in Quantity Bought

= ($3580 - $2280) / (500 - 100)

= $3.25 per Unit

2. Fixed Cost to setup

The fixed cost would be $2280 because it is the cost that is required for setting up the kiosk. The cost $3580 is not relevant because it depends on the demand of the product. The least cost to set up kiosk is $2280.

3. Cost Function

Total Cost = Fixed Cost + Variable Cost

As we know that:

Variable Cost = Marginal cost per unit * Number of units = $3.25 * x = 3.25x

For Fixed cost $2280

By putting this value in the above equation, we have:

Total Cost = $2280 + 3.25x

C(x) = $2280 + 3.25x

And

For Fixed cost $3580

C(x) = $3580 + 3.25x

4. Revenue Function

Total Revenue = Selling Price per Unit  *  Total Units

Here

Selling price is $8 and total units are "x"

By putting values, we have:

Total Revenue = $8 * x

R(x) = 8x

5. Breakeven Point For $2280 and $3580

As we know that

Breakeven Point = Fixed Cost / Contribution Per unit

For Fixed Cost $2280:

Breakeven Point = $2280 / ($8 - $3.25)

= 480 Units

For Fixed Cost $2280:

Breakeven Point = $3580 / ($8 - $3.25)

= 754 Units

6. Profit Function

For Fixed Cost $2280:

Profit = Revenue Function - Cost Function

P(x) = 8x  -  ($2280 + 3.25x)

P(x) = 8x - $2280 - 3.25x

P(x) = 4.75x - $2280

For Fixed Cost $3580:

P(x) = 4.75x - $3580

7. Claire's Profit if she sells 1,000 bottles

Using the above profit function for fixed cost $2280, we have:

P(x) = 4.75x - $2280

Here x is 1,000 units, which means:

P(x) = 4.75 * 1,000   -   $2280

P(x) = $4,750 - $2280 = $2,470

Using the above profit function for fixed cost $3,580, we have:

P(x) = 4.75x - $3,580

Here x is 1,000 units, which means:

P(x) = 4.75 * 1,000   -   $3,580

P(x) = $4,750 - $3,580 = $1,170

5 0
3 years ago
Other questions:
  • "Recent research on emotionality produced a mouse with a nonfunctional gene for normal fear behavior." This mouse exhibits behav
    14·1 answer
  • A consultant was telling newly-hired salespeople about techniques they can use to increase sales. at one point he was talking ab
    14·1 answer
  • Wade Company is operating at 75% of its manufacturing capacity of 140,000 product units per year. A customer has offered to buy
    9·1 answer
  • Why is it helpful to include milestones when setting personal performance goals. a) Including milestones allow one to explore ma
    9·1 answer
  • On December​ 31st, Datton, Inc. has cost of goods sold of $ 550000​, ending inventory is $ 101000​, beginning inventory is $ 120
    8·1 answer
  • Assuming that a is positive, theories of short-run aggregate supply are expressed mathematically as a. quantity of output suppli
    15·1 answer
  • Which of the following is NOT one of the appeals of diversifying into unrelated businesses?
    6·1 answer
  • Jayda started a corporation that creates software products for clients. What position is jayda in of the corporation
    6·1 answer
  • Four companies computed their days' sales in inventory as follows: Company A: 47.2 Company B: 36.5 Company C: 45.1 Company D: 39
    6·1 answer
  • In the figure below, ∆LMN is an equilateral triangle, side \overline {LM} LM is bisected by O, side \overline {LN} LM is bisecte
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!