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Vadim26 [7]
3 years ago
12

Assume that Simple Co. had credit sales of $258,000 and cost of goods sold of $158,000 for the period. Simple uses the aging met

hod and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $3,800. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $330. What amount of Bad Debt Expense would the company record as an end-of-period adjustment?
Business
1 answer:
Sphinxa [80]3 years ago
3 0

Answer: The amount of bad debt expense the company would record would be $3,470.

Explanation: Bad debt expense is an estimate of accounts receivable that is deemed as uncollectible while allowance for doubtful accounts is a balance sheet allowance account that warehouses the total balance of accounts receivable that is deemed irrecoverable.

In this scenario, Simple Co. estimated, using the aging method, that the allowance for doubtful accounts is $3,800. However, it had a credit balance of $330 in the same account. The reinstate the allowance account to $3,800, $3,470 has to be adjusted for by debiting bad debt expense and crediting allowance for doubtful account.

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Procter & Gamble brands are advertised in more than 180 countries, with different ad themes in scores of different languages
lubasha [3.4K]

Answer:

The correct answer is D. foreign media.

Explanation:

The international press is made up of a series of chains that cover basic aspects of the news. It is said that its usefulness in the massification of information is necessary, since they cover current news from different angles and allow people to enjoy high quality content and coverage.

3 0
3 years ago
The balance sheet of Sub America reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectivel
Rudiy27

Answer:

$42,500

Explanation:

Given that,

Beginning total assets = $400,000

Ending total assets = $450,000

Average total assets = (Beginning total assets + Ending total assets) ÷ 2

                                   = ($400,000 + $450,000) ÷ 2

                                   = $425,000

Return on assets = 10%

Net Income ÷ Average total assets = 0.1

Net Income ÷ $425,000 = 0.1

Net Income = 0.1 × $425,000

                   = $42,500

Therefore, the Sub America's net income for the year is $42,500.

6 0
3 years ago
​in a buying center, the person who has the formal or informal power to choose or approve the selection of a supplier or brand i
Archy [21]
The answer is that the person is known as "decider".

<span>There are many people present in an organization or company who are involved in the purchase decision, these people together makes a buying center. In buying center all those people have their own roles and are known as according to their roles. such as, purchasers, users, initiators, evaluators etc.</span>
7 0
3 years ago
Zara’s store managers place orders that reflect their localized needs. However, order fulfillment is ultimately the responsibili
erastova [34]

Answer:

Retail store managers need to serve customers and make sure they’re supporting their sales personnel. They oversee stocking, make sure promotions and signage are current, and schedule employees. With the rise in internet sales, though, that role has gotten more complicated.

Explanation:

8 0
3 years ago
Dozen Bakery makes cupcakes and cookies. Dozen gathered the following information for the current year regarding its use of flou
Vilka [71]

Answer:

37 F

Explanation:

Direct materials Quantity variance 597 F

Less: Direct materials Price variance 560 U

Direct materials Flexible Budget variance 37 F

7 0
3 years ago
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