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
pshichka [43]
3 years ago
15

Given the unadjusted Allowance for Doubtful Accounts has a $50 debit balance, the amount of receivables written off was ______ t

han the amount estimated in the prior period. This will cause Bad Debt Expense to be ______ in the current period than had the unadjusted balance been a credit balance.
Business
1 answer:
Musya8 [376]3 years ago
7 0

Answer: Given the unadjusted Allowance for Doubtful Accounts has a $50 debit balance, the amount of receivables written off was less than the amount estimated in the prior period. This will cause Bad Debt Expense to be less in the current period than had the unadjusted balance been a credit balance.

You might be interested in
Alex has a new idea for a way to cut costs in his department, but he is not willing to share his idea with his boss because the
marshall27 [118]
Reward both successes and failures
7 0
3 years ago
Lake Co. receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Rela
klasskru [66]

Solution :

We calculate the advances form the customer to be reported as the current liability as on Dec. 31, 2009 in the balance sheet as follows :

          <u>  Particulars  </u>                                                               <u>  Amount ($)</u>

Customer advances the balance Dec 31, 2008                           110

Add : advances that is  received with 2009 orders is                 195

Less : advances applicable to the orders in 2009                      -180

Less : advances from orders that are canceled in 2009          <u>  -45  </u>

Advances from the customers liability Dec. 31, 2009                  80

Therefore, the advance from the customer to be reported in the balance sheet as the current liability is $80.

6 0
2 years ago
Ula purchased stock in Purple, Inc., six years ago for $150,000. Purple has assets with a value of $225,000 ($175,000 basis) and
elena55 [62]

Answer:

$15,000 gain

Explanation:

Assets with a value of $225,000

Remaining asset (cash) to Ula ($25,000)

Purple liabilities ($60,000)

Balance $140,000

Balance Brought forward $140,000

Remaining asset (cash) to Ula $25,000

Ula purchased stock ($150,000)

Balance $15,000 gain

Or

$225,000-$25,000-$60,000=$140,000+$25,000-$150,000=$15,000 gain

Therefore we have $15,000 gain.

3 0
3 years ago
Which examples demonstrate common Therapeutic Services workplaces and employers? Check all that apply. Reiko owns and operates h
AleksAgata [21]

Any career in the therapeutic services pathway is someone that is working hands on with a patient and is working to improve the overall health status of the patient.

<h3>Therapeutic Services workplaces </h3>

Correct options are A, C and F

"Reiko owns and operates her own private chiropractic practice, Harmony assists with surgeries in a nonprofit community hospital and Ian helps patients with basic tasks in their own homes" are the examples of demonstrate common Therapeutic Services workplaces and employers.

Careers in Therapeutic Services are focused on improving the health of patients over time through direct care, treatment, counseling or health education. Many of these careers require certification or additional education.

Learn more about workplaces, refer to the link:

brainly.com/question/24780768

6 0
2 years ago
A manufacturer of washing machines has expanded its plant and created excess capacity, just as the general economy takes a downt
AURORKA [14]

If the entire economy should take a downturn, the effect on the manufacturer would be to : offer rebates and incentives for customers who purchase washing machines.

<h3>What is meant by an economic downturn?</h3>

This is the term that is used to refer to the economic downturn that is experienced in a particular economy for a given period of time. This period would usually bring about the failure of the market with the producers and sellers making little gains in the market.

Hence we cam say that If the entire economy should take a downturn, the effect on the manufacturer would be to : offer rebates and incentives for customers who purchase washing machines.

Read more on economic downturn here:  brainly.com/question/7201254

#SPJ1

8 0
1 year ago
Other questions:
  • The Homeowners policy on Dylan's $110,000 home is voided when he intentionally burns the house to the ground. Consequently, he d
    10·1 answer
  • Diggin Tools just issued new preferred stock, which sold for $85 in the stock markets. Holders of the stock will receive an annu
    7·1 answer
  • Problem 3-1B Identifying adjusting entries with explanations P1 For each of the following journal entries 1 through 12, enter th
    14·1 answer
  • Workers with knowledge-based education and managerial skills are
    15·2 answers
  • The income statement of Sheridan Company for 2020 included the following items:
    13·1 answer
  • Why does an economist create a market demand curve? to predict how people will change their buying habits when prices change to
    10·1 answer
  • SWOT analysis is a framework for analyzing the internal and external environment of a company. It consists of strengths, weaknes
    10·1 answer
  • Other things the same, when the price level rises, interest rates select one:
    12·1 answer
  • Alpha Technology produces two products: a high-end laptop under the label Excellent Laptops and an inexpensive desktop under the
    10·1 answer
  • Which of the following would probably not make an appropriate call to action?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!