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aalyn [17]
3 years ago
5

The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $839 of acco

unts receivable are uncollectible. Allowance for Doubtful Accounts has a debit balance of $198. The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of ______.
Business
1 answer:
In-s [12.5K]3 years ago
6 0

Answer:

$1,037

Explanation:

Allowance for doubtful accounts is a contra asset account that must have a credit balance since it reduces the value of accounts receivable. In this case, since the account had a debit balance of $198, and the ending balance of the account should be $839, then we must credit = $839 + $198 = $1,037

The adjusting entry should be:

December 31, adjusting entry allowance for doubtful accounts

Dr Bad debt expense 1,037

    Cr Allowance for doubtful accounts 1,037

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Sonya showed the office manager at Arunden Solutions how he could pay for the new copier she was selling by bringing more of Aru
kipiarov [429]

Answer: Cost-Benefit Analysis

Explanation:

  • The cost-benefit analysis is one of the process in which the company or an organizations are basically analyzing the decisions, projects, weakness and also the strengths for the purpose of determining the best way for achieving the various types of benefits and cost in the system.  
  • The importance of the cost benefit analysis to that it helps in providing the various types of opportunities in the form of investing in the advertising campaign of the product.      

According to the given question, Sonya is using the Cost benefit analysis fr the purpose of quantifying the given solution based of the basis of given situation.  

 Therefore, Cost-benefit analysis is the correct answer.

5 0
3 years ago
Suppose two companies attempt to merge, and they operate in an industry where the postmerger Herfindahl-Hirschman index is 2,900
Allushta [10]

Answer:

Option B -  There are significant diseconomies of scope is the correct answer.

Explanation:

Option  A is, not a condition that could improve the probability that the justice department would approve the merger.

The Herfindahl-Hirschman index is based on a restricted definition of the product market or the impact of foreign competition, the merger might be allowed.

It might also be permitted if one of the firms is in financial trouble, or if significant economies of scale exist in the industry.

Significant diseconomies of scope would only serve to make the merger less likely to be accepted.

Therefore, option B is the correct answer.

6 0
3 years ago
Read 2 more answers
Consider the capital asset pricing model. The market degree of risk aversion, A, is 3. The risk premium is 2.25%. If the risk-fr
inna [77]

Answer:

SO expected return on Mkt Portfolio Rm = 10.75%

Explanation:

market degree of risk aversion A = 3

Var = 0.0225 = SD^2

Rf = 4%

What is expected return on Mkt Portfolio ie Rm??

According to CAPM, Rm-Rf = A*SD^2

where SD is Std Dev (Recall SD^2 = Variance)

A is market degree of risk aversion

So we have Rm-4% = 3*0.0225

ie Rm = 4% + 3*0.0225 = 10.75%

SO expected return on Mkt Portfolio Rm = 10.75%

3 0
3 years ago
Which skill do you feel is the most important? Why? (2-4 sentences)
Zanzabum

Answer:I do not think there is a subject less important than another.

Explanation: I say this because its true, and that you need to know math to have a job. You ned to know how to read so you can know what to type. And you need to know science because its amazballs!!

4 0
2 years ago
Identify the accounting assumption or principle that is described below. (a) Belief that a company will remain in operation for
Leviafan [203]

Answer:

(a) Belief that a company will remain in operation for the foreseeable future.

Accounting assumption or principle: Going concern assumption

(b) Indicates that personal and business record-keeping should be separately maintained.

Accounting assumption or principle: Economic entity assumption

(c) Only those items that can be expressed in money are included in the accounting records.

Accounting assumption or principle: Monetary unit assumption

(d) Separates financial information into time periods for reporting purposes.

Accounting assumption or principle: Periodicity assumption

(e) Measurement basis used when a reliable estimate of fair value is not available.

Accounting assumption or principle: Historical cost principle

(f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.

Accounting assumption or principle: Full disclosure principle

4 0
3 years ago
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