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Pepsi [2]
3 years ago
7

Finish Co. uses the allowance method to account for bad debts. At the end of 2010, Finish Co.'s unadjusted trial balance shows a

n accounts receivable balance of $30,000; allowance for doubtful accounts balance of $200 (credit); and sales of $600,000. Based on history, Finish estimates that bad debts will be 1% of sales. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
Business
1 answer:
Marianna [84]3 years ago
7 0

Answer:

$6000

Explanation:

Because you have to debit the Back Debts account. and 1% of 600,000 is 6000.

600,000 is the amount of sales.

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Carson Company purchased a depreciable asset for $560,000. The estimated salvage value is $28,000, and the estimated useful life
LenaWriter [7]

Answer:

$79,800

Explanation:

Depreciation expense using the activity method = (actual hours of use in a given period / total estimated hours of use ) × ( Cost of asset - Salvage value)

(1500/10,000) × ($560,000 - $28,000) = $79,800

I hope my answer helps you.

5 0
3 years ago
A bookstore encourages customers to take their time browsing, offers them free muffins and coffee, and encourages them to sit do
Irina-Kira [14]

Answer:

b. Geographical proximity leads to persuasion.

Explanation:

Since in the question it is given that the a book store encourage the customers by providing free muffins and coffee, take the time for their browsing and motivates them to sit down and read a book

So this tactic shows the comfortably of the person that he or she could enjoy themselves, and have a great time and feeling safe . Many companies providing this type of service which results in gaining the trust of the customers

4 0
3 years ago
A temporary license permits the holder to drive for how many days
Drupady [299]
A person who has a temporary license have shorter days of having to be permitted to drive than of who have an actual license. Those who has temporary license are only permitted to drive for sixty days and when converted to months, they are permitted to drive for two months. 
4 0
4 years ago
Gunslinger Company is considering the purchase of pipe cutting equipment. Data on the equipment are as follows: Original Investm
NeX [460]

Answer:

4.86%

Explanation:

 The formula to compute the accounting rate of return is shown below:

= Annual net income ÷ original investment

where,

Average  Accounting Income is

= Annual Cash Inflow – Depreciation

= $8,000 - $6,300

= $1,700

The Depreciation is

= ($35000 - $,3500) ÷ 5 years

= $6,300

And, the original investment is $35,000

So, the accounting rate of return is

= $1,700 ÷ $35,000

= 4.86%

We simply applied the above formula

4 0
3 years ago
ExxonMobil uses a(n) _____ appeal when it explains technical aspects of its products, such as lithium ion batteries, hydrogen te
solniwko [45]

Answer:

D. Informational

Explanation:

Informational appeal is a form of advertisement in which a producer or marketer explain his/her products to viewers and target customers. It gives a brief highlight to the benefit a consumer will get from using the specifit product. It elucidates and shines more lights on a products attributes, benefits and characteristics. When ExxonMobil explains areas on lithium ion batteries, hydrogen technology, biofuels, and CO2 capture technologies, they are using information appeal.

7 0
3 years ago
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