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ASHA 777 [7]
3 years ago
8

The company estimates future uncollectible accounts. The company determines $4,400 of accounts receivable on January 31 are past

due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 3% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) Record the adjusting entry for uncollectible accounts.
Business
1 answer:
Salsk061 [2.6K]3 years ago
4 0

Answer:

Journal entry

Explanation:

Before passing the journal entry we need to do the following calculations

Uncollected amount is

= $4,400 × 50%

= $2,200

Uncollected amount is

= ($4,400 - $2,200) × 0.03

= $2,200 × 0.03

= $66

So, the total amount is

= $2,200 + $66

= $2,266

Now the journal entry is

Bad debt expense $2,266

        To Allowance for uncollectible accounts $2,266

(Being the uncollectible account is recorded)

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MBO works by objectives moving through the organization; that is, top managers set general organizational objectives, which are
vagabundo [1.1K]

Answer:

D. cascade down

Explanation:

Based on the information provided within the question it seems that this is an example of MBO working as objectives cascade down through the organization. This can be said since the organizational goals/objectives start at the top of the organization (executives and managers) and move down through the organizational hierarchy to the lower level employees. Thus cascading down.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
2 years ago
"You are reading a particular section of a bank’s annual report. This section provides the bank’s views about the impact of an u
kobusy [5.1K]

Answer:

The correct answer is: Management Discussion and Analysis.

Explanation:

The Management Discussion and Analysis report, often abbreviated as MD&A, is part of the financial statements of the companies where the performance of the company is measured compared to the previous period and the projections of the organization compared to the competing overall market is analyzed. The MD&A is part of the 10-K form requested by the Securities and Exchange Commission (<em>SEC</em>).

5 0
2 years ago
Helen is keen on creating her own company when she graduates from college. She has researched the sector and developed contacts
steposvetlana [31]

Hello,

My question - are there any answer choices.

Your Question - Helen is keen on creating her own company when she graduates from college. She has researched the sector and developed contacts with vendors. She also has a risk-taking personality. What is an appropriate career option for Helen after she graduates from college?

Answer - Manager of a store

Why - Well since she talked to vendors, and vendors could giver her food. But since there are no answer choices its kind of harder to answer.

6 0
3 years ago
Read 2 more answers
Degree of Operating Leverage Chillmax Company plans to sell 3,500 pairs of shoes at $60 each in the coming year. Unit variable c
Anna11 [10]

Answer:

1.8

Explanation:

Sales= $60

Variable cost= $21

Quantity= 3,500 pairs of shoes

Fixed operating cost= $58,500

The first step is to calculate the total contribution margin

= sales-variable cost × Quantity

= $60-$21 × 3500

= $39 × 3500

= $136,500

The operating income can be calculated as follows

= Sales - variable cost × Quantity - fixed operating costs

= $60-$21×3500-58,500

= $136,500-58,500

= $78,000

Therefore the degree of operating leverage can be calculated as follows

= Total contribution margin/Operating income

= 136,500/78,000

= 1.8

Hence the degree of operating leverage is 1.8

3 0
2 years ago
Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes
Feliz [49]

Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes books. If Risle Incorporated decides to acquire and merge with Allende, the merger is most likely to be called a vertical merger.

<h3>What is vertical merger?</h3>

A vertical merger is the union of businesses that operate at various phases of the production process, such as raw materials, finished goods, and distribution. A merger between a steel manufacturer and an iron ore producer serves as an illustration.

Some characteristics of vertical merger are-

  • A vertical merger is when two or more businesses come together to provide various supply chain services for a single item or service.
  • Most frequently, a merger is implemented to boost business, get more control over the supply chain process, and create synergies.
  • Usually, a manufacturer and a supplier are involved. Contrarily, a competitor in the same industry as the purchasing company is acquired in a horizontal merger.
  • A vertical merger's primary goals are to gain market share, boost productivity, and maximize cost reductions in order to generate larger profits.
  • An example of a vertical merger would be an automaker combining with a parts supplier.
  • A arrangement like that would give the car division better access to parts pricing and increased manufacturing process control.
  • In turn, the components section would be ensured a consistent flow of business.

To know more about vertical merger, here

brainly.com/question/9282351

#SPJ4

3 0
1 year ago
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