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
Jobisdone [24]
3 years ago
5

On December 31, 2017, Jerome Company has an accounts receivable balance of $316,000 before any year-end adjustments.

Business
1 answer:
katovenus [111]3 years ago
5 0

Answer:

The Allowance for Uncollectible Accounts at December 31, 2017 is $10,430

Explanation:

In order to calculate the Allowance for Uncollectible Accounts at December 31, 2017 we would have to make the following calculation:

Allowance for Uncollectible Accounts at December 31, 2017=Estimated Allowance 1-30 days+Estimated Allowance 31-60 days+Estimated Allowance 61-90 days+Estimated Allowance over 90 days

Estimated Allowance 1-30 days=Balance*% Uncollectible

Estimated Allowance 1-30 days=$152,000*1%=$1,520

Estimated Allowance 31-60 days=$87,000*2%=$1,740

Estimated Allowance 61-90 days=$50,000*3%=$1,500

Estimated Allowance over 90 days=$27,000*21%=$5,670

Allowance for Uncollectible Accounts at December 31, 2017=$1,520+$1,740+$1,500+$5,670

Allowance for Uncollectible Accounts at December 31, 2017=$10,430

You might be interested in
Company had 200 units of inventory on hand at the end of the year. These were recorded at a cost of $12 each using the last-in,
Georgia [21]

Answer:

Debited by $400

Explanation:

Calculation for the Cost of Goods Sold

Using this formula

Cost of Goods Sold= Inventory on hand*(Cost-Current replacement cost)

Let plug in the formula

Cost of Goods Sold=200 units * ($12 - $10)

Cost of Goods Sold= 200 units*2

Cost of Goods Sold = $400 Debited

Therefore the Cost of Goods Sold will be:$400 Debited

8 0
3 years ago
The effects of ____ are not sufficiently strong to manipulate consumers, alter their preferences, or make the ad more memorable,
katrin2010 [14]

Answer:

Subliminal stimuli

Explanation:

Subliminal stimuli is defined as a stimulus that is below the sensory capacity of an individual. It is below the threshold where the individual can perceive that there is a change in something. For example if a company is producing potato chips and they want to increase salt content.

The point at which the consumer starts to notice a change in salt content of the potatoe chips is above the subliminal stimuli.

Although subliminal stimuli is not readily perceived it can unconciously influence consumer behaviour.

3 0
3 years ago
Read 2 more answers
Standard oil company was the empire of which business mogul?
kozerog [31]
The business mogul was Rockefeller
4 0
2 years ago
​India's Current Account. Use the following balance of payments data for India from the​ IMF: LOADING.... What is​ India's balan
s344n2d4d5 [400]

Answer:

  • 2004 ⇒ $2,640 million
  • 2009 ⇒ $12,540 million
  • 2014  ⇒  $18,655 million

Explanation:

2004 balance on services

= Services Credit, (exports) - Services Debit, (imports)

= 38,281 - 35,641

= $2,640 million

2009

= 92,889 - 80,349

= $12,540 million

2014

= 156,252 - 137,597

= $18,655 million

3 0
3 years ago
Alcohol kills more people than all other types of illegal drugs combined.<br> A. True<br> B. False
borishaifa [10]
I would mark it as A, True.  B/C of how easy it is to get addicted and harm yourself. 
7 0
3 years ago
Read 2 more answers
Other questions:
  • Barbara operates a sporting goods store. She uses the cash method and treats inventory as nonincidental supplies. At the beginni
    11·1 answer
  • Jill just made a purchase online. The store that she bought from gave her the option to pay with a check, money order, or credit
    14·1 answer
  • ____Can speed up the alcohol absorption
    13·1 answer
  • The desire of businesses to ____________, so that they can raise the prices that they charge and earn higher profits, has been w
    11·1 answer
  • Which of the following are present value methods of analyzing capital investment proposals? a. internal rate of return and avera
    10·1 answer
  • The distinction between fundamental and particular risks is important because a. normally only particular risks are insurable. b
    5·1 answer
  • During 2020 the DLD Company had a net income of $85,000. In addition, selected accounts showed the following changes: Accounts R
    8·1 answer
  • Why are files naming conversation essential
    13·1 answer
  • Value Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The c
    15·1 answer
  • A special kind of imperfectly competitive market that has only two firms is called.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!