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Natasha2012 [34]
4 years ago
11

Estimating Allowance for Doubtful Accounts

Business
1 answer:
sp2606 [1]4 years ago
5 0

Answer:

Allowance for doubtful accounts    $ 106106 using the aging method

Explanation:  

<u>Evers Industries </u>

<u>Estimate of Allowance for Doubtful Accounts </u>

                          Balance         Not Past    Past Due  (days)

                                                    Due          (1-30)   (31-60)   (61-90)  (Over 90)

Total

Receivables        1,124,500   607,400   233,000  121600   96500   66000

Percentage

<u>Uncollectible                            1%             3%           12%         30%      75%     </u>

Allowance for                         6074          6990      14592     28950  49500

doubtful accounts    106106

<em>We multiply each percent with the amount given and then add them all to get the total which is $106106 based on aging method.</em>

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It seems hard to justify spending $4.00 for a compact fluorescent lightbulb when an ordinary incandescent lightbulb costs 50 ¢.
slega [8]

Answer:

cost of incandescent light bulb for 10000 hour = $65

and cost of fluorescent bulb for 10000 hour = $19

Explanation:

Given data

incandescent bulb power = 60 W

incandescent light bulb cost = 50 ¢.

incandescent light bulb duration =  1000 hours

fluorescent bulb power = 15 W

fluorescent light bulb cost = $4.00

fluorescent bulb duration = 10,000 hours

electricity costs = $0.10/kWh

to find out

cost - purchase plus energy to obtain 10,000 hours of light

solution

first we find energy by fluorescent bulb and incandescent light bulb

energy  = power × duration

energy = 60 × 1000 = 60 kWh      ...........1........ incandescent light bulb

energy = 15 × 10000 = 150 kWh     ..........2........ fluorescent bulb

and electricity cost that is $0.10 per kWh

so cost of incandescent light bulb of 60 kWh = 60 × 0.10 = $6 + $0.50  = $6.50 .............3

cost of fluorescent bulb of 150 kWh = 150 × 0.10 = $15 + $4 = $19       ...............4

so here we see that

cost of incandescent light bulb for 10000 hour = $6.50 × 10 = $65

and cost of fluorescent bulb for 10000 hour = $19

7 0
3 years ago
Read 2 more answers
Freet Inc. is preparing its cash budget for November. The budgeted beginning cash balance is $21,000. Budgeted cash receipts tot
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Answer and Explanation:

The Preparation of company's cash budget is shown below:-

Beginning cash balance     $21,000

Add: Cash receipt                $100,000

Total cash available             $121,000

Less: Cash disbursement    $99,000

Excess of cash available

over disbursement               $22,000

Add: Borrowings                   $33,000

Cash balance, ending          $55,000

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3 years ago
What does the European Central Bank (ECB) and the Eurogroup<br> manage in economic/monetary terms?
oksian1 [2.3K]

Financial and economic stability is controlled and enforced by the European Central Bank (ECB).

<u>Explanation: </u>

The main goal is to control markets and to promote economic growth as well as the development of jobs.

Specifies the inflation it loans to the Euro-zone financial institutions, thus regulating money supply and prices.

  • Managed financial assets of the euro and the sales and acquisition of assets to align market prices.
  • Secure the European financial framework and maintain its sustainability.
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  • Authorizes Euro coin manufacturing by Euro area countries.
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3 years ago
Common size financial statements help an analyst to:
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Answer:C

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Serena just finished making a buyer presentation to Mark and Debbie Calhoun. Now that they understand the difference between bei
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Answer:

Notifying Serena of any material changes

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With Serena now serving as their (Mark and debbie Calhoun) agents, it is paramount that Serena (the agent) be notified about any material changes made by the buyers. The buying agents (in this case Serena) is an individual or organization that is responsible for purchasing goods or property on behalf of another person. They are usually license professionals who search and undergo the purchasing procedure of products that their clients is interested in owning.

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