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3 years ago

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ABC Corp. has outstanding accounts receivable totaling $6.5 million as of December 31 and sales on credit during the year of $24

million. There is also a credit balance of $12,000 in the allowance for doubtful accounts. If the company estimates that 6% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year

1 answer:

Elden [556K]3 years ago

3 0

Answer:

$378,000

Step-by-step explanation:

The computation of the bad debt expense for the year is shown below:

Bad debt expense = Outstanding account receivable × estimated percentage given - credit balance of allowance for doubtful account

= $6,500,000 × 0.06 - $12,000

= $390,000 - $12,000

= $378,000

We simply deduct the credit balance from the estimated balance so that the correct amount could arrive

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The graph shows the number of cubic feet of water used overtime at a waterpark that is open during the hours and the table. At t

iren2701 [21]

The graph is an illustration of a linear equation, where

<em>The cubic feet per minute is 31.25</em>
<em>The cubic feet per hour is 1875</em>
<em>15931.25 cubic feet of water will be used at the water park on Tuesday</em>

<em />

From the graph, we have:

$(x_1,y_1) = (1,25)$

$(x_2,y_2) = (5,150)$

The unit rate is calculated as follows:

$m = \frac{y_2 - y_1}{x_2 - x_1}$

$m = \frac{150-25}{5-1}$

$m = \frac{125}{4}$

<em /> $m = 31.25$ <em> cubic feet per minute</em>

The unit rate per hour is as follows

$m = 31.25 \times 60$

<em /> $m = 1875$ <em> cubic feet per hour</em>

The equation in hours is as follows:

$y = m(x - x_1) + y_1$

Where:

$m = 1875$

$(x_1,y_1) = (1/60,25)$ ---- in hours

So, we have:

$y = 1875(x - 1/60) + 25$

$y = 1875x - 31.25 + 25$

$y = 1875x -6.25$

<u>The water park runs 8.5 hours on Tuesday (i.e. 11am to 7:30pm)</u>

So, we have:

$y = 1875 \times 8.5 -6.25$

$y = 15931.25$

Hence, 15931.25 cubic feet will be used at the water park on Tuesday

Read more about linear equations at:

brainly.com/question/11897796

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3 years ago

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Fofino [41]

Answer:

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(d) Each of the populations of scores from which the samples are drawn has the same variance.

Step-by-step explanation:

Analysis of Variance(ANOVA) is used to compare the means of two or more samples using F-distribution.

The ANOVA has assumption based on dependent and independent variables. These are:

The data should be distributed normally.
The variance should be equal for population.
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Sample size should be greater than 20.

Thus, Option (b) and (d) are the only assumption here that follow the ANOVA.

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3 years ago

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Anni [7]

Answer:

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Step-by-step explanation:

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3 years ago

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Nadusha1986 [10]

Answer:

$\boxed{ \bold{ \huge{ \boxed{ \sf{0}}}}}$

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To do so, first take the L.C.M of 6 and 3 which results to 6

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Hope I helped!

Best regards!

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frosja888 [35]

Answer:

Area is the total surface covered by the shape and perimeter is the total length of the shape.

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