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kirill115 [55]
3 years ago
14

Cook Co. determined that the net value of its accounts receivable at December 31, 20X4, based on an aging of the receivables, wa

s $235,000. Additional information is as follows: Allowance for doubtful accounts – 1/1/X4 $ 40,000 Uncollectible accounts written off during 20X4 $ 22,000 Uncollectible accounts recovered during 20X4 $ 8,000 Accounts receivable at 12/31/X4 $ 270,000 How much was recognized as bad debt expense?
Business
1 answer:
Ksenya-84 [330]3 years ago
7 0

Answer:

$9,000

Explanation:

  Bad Debts Written off                                 $22,000

 Uncollectible accounts-recovered             $(8,000)

 Allowance for doubtful accounts reversed

 (opening-closing $40,000-$35,000*)        ($5,000)

Bad Debt Expense for the year                    $9,000

*270,000-235,000  =35,000                        

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Answer:

Explanation:

Sales budget for may = 540

Sales budget for June = 670

Opening inventory for may = 190

Closing inventory for May = 155

Production in may =( 190+540)-155=575

Opening inventory in June = 155

Closing inventory = 165

Production in June = (155+670)-165=660

May material needs = 3(575+ (20%*660)

=3*707=2121 wheels

2121*24=$50,904

June material needs =3(660+(20%*640)

3*788=2364

2364*24=$56,736

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The euro is the common currency across Europe.
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Answer:

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Explanation:

4 0
2 years ago
ABC, Incorporated desires to have the most qualified people in every position throughout its organization. This is an example of
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Answer:

The correct answer is letter "A": Developing human capital.

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Developing human capital implies training existing employees of the company so they can specialize in their every-day duties which is likely to be positively reflected in their efficiency at work, increasing at the same time the productivity of the organization.

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When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods co
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Option "C" is the correct answer to the following statement.

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While deciding where to sell, export and import laws are not insuperable for managers to rely on a country that is a large consumer of goods imported from native countries.

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