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
docker41 [41]
3 years ago
10

At what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is $35,000 and the allo

wance for uncollectible accounts is estimated at 18% of gross receivables? (Do not include a comma or dollar sign in your answer.)
Business
1 answer:
borishaifa [10]3 years ago
5 0

Answer:

Accounts Recevable will be reported with same gross value 35000

Explanation:

The accounts receivable keep the same balance, the difference is that you have to add an assets current account named  allowance for uncollectible accounts with a credit balance for the amount indicated 6300, and the net value of accounts receivable it's 28700.

You might be interested in
In a new margin account, a customer buys 1,000 shares of ABC stock at $40 per share. The stock rises to $50 during the next week
Helen [10]

Answer:

C) $5,000

Explanation:

Since the price of the stocks first rose to $50, the account's equity was $50,000.

The SMA balance was = ($50,000 x 1/2) - $20,000 = $,5000

The SMA balance acts like a stabilizer and cannot be taken away even if the price of the stocks fall slightly. The price of stocks must fall 25% in order for the SMA to be withdrawn.

The investor's equity decreased = equity - margin requirement = $39,000 - $20,000 = $19,000, but the amount that the investor can borrow (SMA balance) will remain the same at $5,000.

4 0
3 years ago
Han Cho has served in the US Army Reserves for two years. He is currently on active duty, stationed outside of the U.S. and is g
sashaice [31]

Answer:

Once Han returns to the US, his civilian employer is required to take him back.

Soldiers who are no longer in active duty and return to civil life again, have the right to return to their previous civilian jobs. Serving in the military is a very important task and soldiers should not be economically hurt because they served their country and employers are required to give them back their old job.

5 0
3 years ago
Fabian was finding it difficult to acquire a credit card that would suit his needs. He checked his credit report to determine wh
shusha [124]

Answer:

D.

irregular and missed loan payments

Explanation:

Missing and missed loan payments cause one to have a poor credit score.  A credit score is a numerical representation of an individual or institution's debt worthiness. A high credit shows that the individual is a trusted borrower.

A high credit score comes about if one has a history is repaying his or her obligation promptly. The individual does not skip on their regular installments repayment. Lending institutions use borrowing history to predict how a borrower is likely to behave if credit is advanced to them. A high credit score shows that the borrower is unlikely to default to his repayment.

4 0
3 years ago
What are currency exchange rates based on..
Mumz [18]
Currency exchange rates based on many different factors. These factors are interest rates, inflation, public debt, deficits, terms of trade and political stability or the economic performance. Due to the many factors that affects currency exchange rate, it is almost impossible to predict where it is heading.
4 0
3 years ago
Read 2 more answers
Determine what the net income or loss Use the business transactions below to: 1. Stockholders invest $40,000 in cash in starting
Angelina_Jolie [31]

Answer:

the question is incomplete, so I looked for a similar one:

Real estate commissions billed to clients amount to $4,000. Paid $700 in cash for the current month's rent. Paid $250 cash on account for office supplies purchased in transaction 2. Received a bill for $800 for advertising for the current month. Paid $2,500 cash for office salaries. Paid $1,200 cash dividends to stockholders. Received a check for $2,000 from a client in payment on account for commissions billed

<u>Income statement</u>

Service revenue                             $4,000

Operating expenses:

  • Rent $700
  • Advertising $800
  • Office salaries $2,500         <u>($4,000)</u>

Net income                                          $0

Accrual accounting recognizes both expenses and revenues when they occur, not when a cash flow is associated to them. E.g. even though only $2,000 were paid by clients, the whole $4,000 must be considered revenue.

7 0
3 years ago
Other questions:
  • What are the most important reasons why eCommerce has seen explosive growth in recent years? In your opinion, will this growth i
    8·1 answer
  • In relation to an approach to get into customers’ minds, _____ refers to the collection of associations and emotions unconscious
    6·1 answer
  • Fiwrt Corporation manufactures and sells stainless steel coffee mugs. Expected mug sales Fiwrt (in units) for the next three mon
    11·1 answer
  • Accompanying the bank statement was a debit memo for bank service charges. What entry is required in the company's accounts? A)
    14·1 answer
  • Market failure occurs when A. the market system fails to allocate resources to each individual according to their needs. B. the
    8·1 answer
  • Why did many banks fail after the stock market crashed?
    12·2 answers
  • In order to successfully carry out an acquisition, the managers at Pink Inc. prepared a list of potential target companies that
    6·1 answer
  • The Nicor family is planning to purchase a new home 7 years from now. If they have $240,000 now, how much will be available at t
    15·1 answer
  • The computer accessories that Javier is making and selling are bringing in a substantial amount of money for him. Inspired by th
    5·1 answer
  • The cost to manufacture shoes decreases. Which statement describes the expected outcome?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!