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
ratelena [41]
3 years ago
12

An aging of a company's accounts receivable indicates that the estimate of uncollectible receivables totals $7,900. If Allowance

for Doubtful Accounts has a $700 credit balance, the adjustment to record the bad debt expense for the period will require a a. credit to Allowance for Doubtful Accounts for $700 b. debit to Bad Debt Expense for $8,600 c. debit to Bad Debt Expense for $7,900 d. debit to Bad Debt Expense for $7,200
Business
1 answer:
ad-work [718]3 years ago
7 0

Answer:

option d) debit to Bad Debt Expense for $7,200

Explanation:

Data provided :

Total estimated uncollectible receivables of the company = $ 7,900

credit balance for the allowance for doubtful accounts  =  $ 700

Therefore,

the net bad debt expenses of the company = $ 7,900 - $ 700 = $ 7,200

Hence,

the<u> correct answer is </u><u>option d) debit to Bad Debt Expense for $7,200</u>

You might be interested in
Because of competitive pressures, some firms have used packaging and labeling practices that are questionable, misleading, decep
Flauer [41]

Because of competitive pressures, some firms have used packaging and labeling practices that are questionable, misleading, deceptive, and unethical. this is an example of issues related to Ethics in product strategy.

This is further explained below.

<h3>What is competitive pressure?</h3>

Generally, In most cases, the term "competitive pressure" refers to a circumstance in which a business is put under stress as a result of the presence of other businesses in its industry.

Typical examples of it may be found in all types of economies, with the exception of monopolistic economies.

The demand and supply dynamics of a certain market or sector are very important considerations for any business.

The concept of product ethics encompasses every aspect of a product, including the decisions made about its design and the use of technology.

Therefore, you should direct your development team to make judgments that are morally acceptable while they are creating and constructing the product.

It is important to discourage immoral activities such as the employment of dark patterns and to promote the use of technology that is peaceful.

In conclusion, Some businesses, in order to remain competitive in an increasingly cutthroat market, have resorted to dubious, misleading, dishonest, and immoral packaging and labeling tactics. This is an example of a problem that arises in product strategy that relates to ethics.

Read more about competitive pressure

brainly.com/question/15416905

#SPJ1

8 0
1 year ago
Help please <br> ////////////
ch4aika [34]

Answer:

What is this for???

Explanation:

8 0
3 years ago
Society suffers a deadweight loss in a pure-monopoly market because
nekit [7.7K]
A pure-monoply means that a company does not have to compete with other producers within the market. Since they aren't competing with a good or service, they aren't competing with each others customers either. When a company does not have to compete on price/customers they may end up being greedy and have market failure. 
8 0
3 years ago
Harlose Suits faced a lot of complaints from customers when its recent batch of goods was dispatched. The employees at Harlose S
Mekhanik [1.2K]

Answer:

External failure costs.

Explanation:

These are explained to be the faults or defects a customer finds out or see after receiving his good and leaves the factory or finds out when goods or services has been delivered to him/her.

This can be either internal or external. When seen to be an internal aspect of the failure, costs result from identification of defects before they are shipped to customers. Some of these could include rejected products, reworking of defective units, scrap and also downtime caused by quality problem. It is said that a firms appraisal activities creates chances greater than the chance of catching defects internally and the greater the level of internal failure costs. This is the price that is paid to avoid incurring external failure costs, which can be devastating.

4 0
3 years ago
A corporation is considering expanding operations to meet growing demand. With the capital expansion, the current accounts are e
andre [41]

Answer:

B) a decrease of $40,000

Explanation:

As we Know Working capital is the the net or current assets and current liabilities.

Increase in Current Assets

Cash                              $20,000

Accounts receivable    $40,000

Inventories                   <u>$60,000</u>

Total Increase in CA   $120,000

Increase in Current Liabilities

Accounts payable       $50,000

Accruals                       $10,000

Long-term debt           <u>$100,000</u>

Total Increase in CA   $160,000

Increase in Working Capital =  Increase in Current Assets - Increase in Current Liabilities

Change in Working Capital = $120,000 - $160,000 = -$40,000

As current Liabilities increased more than the current assets, so the working capital will decrease by $40,000

6 0
3 years ago
Other questions:
  • Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:
    13·1 answer
  • BD Corporation has purchased new computers to modernize the office. The increased efficiency from the computers will lead to inc
    11·1 answer
  • Consider public policy aimed at smoking. Studies indicate that the price elasticity of demand for cigarettes is about 0.8.
    7·1 answer
  • Each employee or customer who uses a computer in a large business is which kind of user?
    5·1 answer
  • Wayne Rogers Corp. maintains its financial records on the cash basis of accounting. Interested in securing a long-term loan from
    10·1 answer
  • Forlornistan is a country in the midst of a serious economic downturn. Forlornistan's GDP has declined steadily for over three y
    14·1 answer
  • Consumer surplus is the a. amount of a good consumers get without paying anything. b. amount a consumer pays minus the amount th
    14·1 answer
  • 1. Did any Enron employees act Unethical in any manner? If so, give specific<br> examples.
    8·1 answer
  • question content area in recording the cost of goods sold for cash, based on data available from perpetual inventory records, th
    10·1 answer
  • If the scale of a single producer is small relative to the demand for an undifferentiated good, the market structure of the prod
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!