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IRINA_888 [86]
3 years ago
10

Graham Company uses the​ percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $ 1

30 comma 000​, and management estimates 1​% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $ 3 comma 000. The amount of expense to report on the income statement will be:
Business
1 answer:
Nana76 [90]3 years ago
3 0

Answer:

The amount of expense to report on the income statement will be -$ 1700

Explanation:

Allowance for Doubtful Debts is a Provision or estimate of the Accounts that are likely to be unrecoverable.

Allowance for Doubtful Debts at end of year is used to reduce the Amount of Trade Receivables Outstanding so as to show a Faithful representation of the amount of Assets (Future benefits) the entity has.

Any adjustments to the Provision Account - Allowance for Doubtful Debts is recorded in the Profit and Loss Account

<u>Allowance at End of the year is Calculated as:</u>

$130,000 × 1%

$ 1300

In comparison with the Balance of $ 3,000 this is a decrease in the Allowance and the Profit and Loss is adjusted with a Decrease in allowance for doubtful debts of $ 1700 that is ($3000-$1,000)

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$31,046

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5 0
3 years ago
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:When
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The correct option is (e) All of the above.

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include all the statements which are given in the question.

<h3>What is vulnerable subject in research study?</h3>

Vulnerable subject populations are regarded as groups of people who may be particularly vulnerable to pressure or improper influence. These include: minors and children. people with cognitive impairment.

There are many possible ways to define who is vulnerable in the research context. Some would include the following:

  • those who are ill (dependent on clinician for care),
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Social, cognitive, environmental, emotional, and military vulnerability are a few examples.

Vulnerability is a notion that connects how individuals interact with their environment to the social forces, institutions, and cultural values that support and oppose risks and disasters.

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The complete question is -

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:

(a) The employer may encourage or deny participation of workers

(b) Employees may experience pressure from management to participate in the study because the employer perceives the study to be advantageous to the organization.

(c) Unions may encourage employees to participate with the expectation that "entitlements" may follow from study results

(d)The research study's finding could affect an employee's pay, benefits or promotion potential.

(e) All of the above.

4 0
1 year ago
The cost of resources and using more efficient are two factors that affect the supply of a product
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6 0
3 years ago
Aaron, clerical supervisor for a health maintenance organization, wants to hire the best person for the receptionist job. Ramona
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Explanation:

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7 0
2 years ago
A recent news story reported that the Organization of Petroleum Exporting Countries is expected to decrease the supply of oil ne
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Answer:

Option "C" is the answer.

Explanation:

Option "C" is the answer.

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