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
Keith_Richards [23]
3 years ago
11

At the start of the year, Winston Company’s Allowance for Doubtful Accounts had a credit balance of $14,000. During the year, it

had credit sales of $1,500,000. It also wrote-off $60,000 of uncollectible accounts receivable during the year. Past experience indicates that the allowance should be 3% of the balance in receivables. If the accounts receivable balance at December 31 was $300,000, what is the required adjustment to the Allowance for Doubtful Accounts that is needed at year-end?
Business
1 answer:
ANTONII [103]3 years ago
6 0
According to this account that is needed at year end
You might be interested in
Which of the following scenarios most accurately reflects the concept of scarcity?
mojhsa [17]

Answer:

2. Brett is a farmer with an open field on which he can plant either soybeans or corn. 

Explanation:

Scarcity in economics means the resources available to meet man's needs are limited or scarce.

In brett's case, land is limited, so he has to choose between planting soybeans and corn.

I hope my answer helps you

3 0
3 years ago
A local college of business offers an outstanding graduate business school education program. Marissa pays the tuition to attend
rewona [7]

Answer:

Yes, it was a marketing exchange

The payment made of the tuition was exchanged for the knowledge that led Marissa to the new paid and satisfactory job.

Explanation:

Given that changing means taking one thing for another, in the context of marketing, we understand by exchange relationship an act of communication where the parts involved (two or more) make the offer and reciprocally deliver something of value ( comparison with other objects) and useful (measure of the satisfaction obtained when receiving something of value) that passes to the other part.

3 0
3 years ago
With a patent on drug Z27, why would Able Drug Company charge customers $7 per 100 units even though its cost of producing 100 u
Dafna1 [17]
If Able Drug Company already has a patent on a drug called drug Z27, then they have the rights to charge it higher than cost of production. They do this so that they would gain profit from the drug that they have patented and to be able to expand their business more with it.
5 0
3 years ago
Intermediate and deep earthquakes occur along ____________.
Mekhanik [1.2K]
I think the answer is convergent plate boundaries, but I am not positive. hope this helps :)
4 0
3 years ago
(Numeric Entry) Suppose you put $1000 into a money market mutual fund that paid 10% a year, where interest was compounded annual
kkurt [141]

Answer:

$1100

Explanation:

Compound Interest is a multiplying effect interest , in which interest for each successive period  is calculated on (Principal + Interest) of each preceeding period .

Formula :  A = P(1+r/n) power 'nt  .

r = Interest rate , t = time , n = compound in time 't' , P = Principal

A = 1000 (1+10/1) power'(1X1) = 1000 X 11 power 1' = 1000 X 11 = 1100

5 0
3 years ago
Other questions:
  • Over the first four years of a company's life, it earned the following net income (loss): $10,000; $5,000; $6,000, and ($4,000).
    9·1 answer
  • Kendra is the new finance manager for a swiftly growing software company. She frequently works with other departments to assist
    6·1 answer
  • Hommie Delicacies produces two products (Orapine and Banango) from a joint process. The joint cost of production is GH¢80,000. F
    9·1 answer
  • Oil is an important input in producing plastic. If the price of oil increases, all else equal, we expect the supply of: a. plast
    5·2 answers
  • An investor has examined Home Depot stock and makes the following predictions for the future: YEAR 1 2 3 4 DIVIDEND $1.31 $1.58
    14·1 answer
  • Whats x-(4x-7)=5x-(x+21)
    8·1 answer
  • What is the difference in accounting treatment of unrealized gains and losses across these three categories of investments
    13·1 answer
  • Write a letter to your father asking for money to buy textbooks and pay for your school fees​
    5·1 answer
  • Jamal and keisha are considering entering into an agreement to trade tasks. how can specialization of labor benefit jamal and ke
    10·1 answer
  • 3. What challenges do you anticipate in implementing some of the above steps? Explain.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!