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IceJOKER [234]
3 years ago
15

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
Mathematics
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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one day shahed was playing with numbers.He wrote 15 fractions using all natural numbers from 1 to 30 exactly once-either as nume
dusya [7]

Answer:

15

Step-by-step explanation:

half of 30 is 15

he used all the numbers upto 30 once

all the numbers in between arent integers but decimals

8 0
3 years ago
It takes 12 cups of chicken broth to make a chicken soup recipe. How much is this in quarts?
slava [35]
3 quarts.

4 cups equal 1 quart according to the US standards.
Using that, we get an equation like:
4c = 1q
if you want 12 cups, you have to multiply the left side by 3 meaning you would also have to multiply the right side by 3.
3(4c) = 3(1q)
12c = 4q
you get 12 cups equals 4 quarts.
4 0
3 years ago
Read 2 more answers
You are asked to draw a triangle with side lengths of 6 inches and 8 inches. What is the longest whole number length that your t
tensa zangetsu [6.8K]
Fo sides, a,b,c
where c is the longest

c<a+b
or else you won't have a triangle

we want the longest side
this mystery side is c
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c<6+8
c<14
the next largest whole number is 13

answer is 13 inches
3 0
3 years ago
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A building 84 ft high casts a 231-ft shadow. Sarah casts an 11-ft shadow. The triangle formed by the building and its shadow is
julia-pushkina [17]

Answer:

Sarah is 4 ft tall.

Step-by-step explanation:

231÷84= 2.75

11 ft ÷ 2.75 = <u>4 ft</u>

3 0
3 years ago
What’s that precent 250 of 275
tester [92]

Answer:

Percent 250 of 275 is 90.9%

Step-by-step explanation:

We have to find 250 is what percent of 275.

Let X be the percentage, then

=> X =  \frac{250}{275} \times 100

Now simplyfying the above relation we get

=> X =  0.909\times 100

=> => X = 90.9 %

Hence 250 is 90.9% of 275

5 0
3 years ago
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