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stellarik [79]
2 years ago
15

A yearminusend review of Accounts Receivable and estimated uncollectible percentages revealed the​ following:

Business
1 answer:
CaHeK987 [17]2 years ago
6 0

Answer:

The Uncollectible Account Expense at year end ​is $9,300

Explanation:

At the end of the year:

Estimated Uncollectible = $60,000 x 3% + $40,000 x 5% + $25,000 x 12% + $7,000 x 50% = $10,300

The company uses aging of receivables ​method. Before adjustment, the credit balance in Allowance for Uncollectible Accounts was $ 1,000. Therefore: Uncollectible Account Expense = $10,300 - $1,000 = $9,300

The entry:

Debit Uncollectible Account Expense $9,300

Credit Allowance for Uncollectible Accounts $9,300

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USPshnik [31]
C or d sorry if wrong
8 0
2 years ago
On her way to visit her parents, Jennifer drives 265 miles in 5 hours.
Zolol [24]
Speed = distance/time
           = 265/5
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hope this helps :)


4 0
2 years ago
If a payback period for a project is greater than its expected useful life, the project's return will always exceed the company'
Rudiy27

Answer:

entire initial investment will not be recovered.

Explanation:

Payback period is one of the methods used in capital budgeting.

Payback period calculates how long it takes for the amount invested in a project to be recovered from its cummulative cash flows.

For example, if a project costs $360 and the cash flow each year for its 6 years useful life is $120. The amount invested would be gotten back from the cummulative cash flow in 3 years.

But if a project costs $360 and the cash flow each year for its 2 years useful life is $120. The amount invested would never be gotten back the cummulative cash flow. Therefore, the entire investment amount will never be entirely recovered.

The project will always not be profitable

I hope my answer helps you.

3 0
3 years ago
True or false: An EAP only contains information on what happens during an emergency.
uysha [10]
Pretty sure it’s false
5 0
2 years ago
As a foreign subsidiary matures:
Alex73 [517]

Answer: The local HR unit’s responsibilities for planning, training, and compensation broaden

Explanation:

A foreign subsidiary company is a partially or wholly owned company which is part of a larger corporation with its headquarters in another country. Such companies are incorporated under the country's law it is located.

When a foreign subsidiary grows and matures, the responsibilities of the local human resource unit for planning, compensation and training will broaden.

8 0
3 years ago
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