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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

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The phrase laissez-faire means which of the following?
Ksivusya [100]
Hey there!

The phrase “laissez-faire” means “Let it be” originally but in the choices you provided In your answers above the closes to it would mostly be ‘to let be’ would be your answer


Answer: B. To let be


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6 0
3 years ago
重
Naddik [55]

Answer:

B. agreements between two or more parties

Explanation:

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Hope this helps :)

8 0
3 years ago
If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginal product of 6 units, then the average
maria [59]

Answer:

the average product of 12 workers is 5

Explanation:

The computation of the average product of 12 workers is shown below:

= (Number of units of a product in the case of 11th workers + marginal product of units in 12th worker) ÷ number of workers

= (54 + 6) ÷ 12

= 5

Hence, the average product of 12 workers is 5

The same is to be considered

3 0
3 years ago
Parker Corp., which operates on a calendar year, expects to sell 3,000 units in October, and expects sales to increase 10% each
pogonyaev

Answer:

total revenue = is 99300

Explanation:

given data

expects to sell in October = 3,000 units

expects sales to increase  = 10%

Sales price stay constant = $10 per unit

solution

we get revenue hereby the sum of revenue of oct + nov + dec

revenue = price × quantity    .........................1

total revenue = is 99300

8 0
2 years ago
A company borrowed $15,000 by signing a 120-day promissory note at 10%. The total interest due on the maturity date is: (Use 360
topjm [15]

Answer: $500

Explanation:

Interest for the period = Amount borrowed * Interest rate * 120/360 days

= 15,000 * 10% * 120/360

= $500

7 0
3 years ago
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