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
sergejj [24]
3 years ago
10

Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500

. The cost of the merchandise is $3,000. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.

Business
1 answer:
pentagon [3]3 years ago
6 0

Answer:kindly check attached picture for details

Explanation:

Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500. The cost of the merchandise is $3,000. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.

You might be interested in
A seller received a rental payment of $100 in advance. At closing, the seller has "earned" only $32 of this rent. What should ap
allsm [11]

Answer:

$68 appears as the amount unearned but received (or still paid in advance) in the closing statement

Explanation:

Amount received in advance = $100

Amount earned = $32

Amount (in advance at closing) is the difference between the amount originally paid in advance and the amount earned

Amount (in advance at closing) = $100 - $32

                                                    = $68

The amount that will appear in the closing statement as rental payment still in advance is $68.

3 0
3 years ago
Help help buddies pelsss I’ll give points I need straightforward answer ASAP
Firlakuza [10]

Answer:

1

Explanation:

1 divided by 1 is 1

100% in number form is 1

4 0
2 years ago
Read 2 more answers
Mary is filing Head of Household with a taxable income of $79,280. What is her income tax for Marks: 1 2018? Choose one answer.
antiseptic1488 [7]

Answer:

a. $11,989

Explanation:

tax rate // for income above

0.1        //  $           0

0.12        //  $   13,600

0.22       //   $  51,800

0.24      //    $ 82,500

Mary's income of $79,280 is on the third bracket as is lower than the minimum for the fourth bracket.

first bracket:

$13,600 x 10%    =                     $ 1,360

second bracket:

($51,800 - $13,600) x 12%   =    $ 4,584

third bracket

($79,280 - $51,800) x  22%   =  $ 6,045.6

total tax income: 11,989.6

8 0
3 years ago
You expect General Motors (GM) to have a beta of 1.3 over the next year and the beta of Exxon Mobil (XOM) to be 0.9 over the nex
professor190 [17]

Answer:

d

Explanation:

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

GM has a higher beta and thus it has a higher systemic risk

total risk is measured by volatility. The higher the volatility, the higher the total risk . GM has a higher volatility

3 0
3 years ago
A grocery store has three open checkout lanes. On average, 45 shoppers arrive at these lanes per hour. The coefficient of variat
jonny [76]

Answer:

The percentage decrease in utilization is 83.33%

Explanation:

According to the data, we have the following:

Coefficient of variance, m = 3

Arrival rate, ra = 45 per hour

Service rate, re = 18 per hour per lane

Therefore, in order to calculate the percentage decrease in utilization when one more checkout lane is added to the system, we have to use the following formula:

So, percentage decrease in utilization = ra / (m.re)

                                                                = 45 / (3*18) = 0.833

The percentage decrease in utilization is 83.33%

3 0
3 years ago
Other questions:
  • Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the envir
    8·1 answer
  • Kevin purchased 5,000 shares of Purple Corporation stock at $10 per share. Two years later, he receives a 5% common stock divide
    15·1 answer
  • A__________ gap exists when a firm knows what it needs to do to meet customers' service expectations but sometimes fails to do i
    15·1 answer
  • Monitoring of employees A. is only effective afterminustheminusfact when it is possible to fire them for shirking. B. is only ef
    8·1 answer
  • What is a great example of using cluster analysis in business to create target-marketing strategies?
    6·1 answer
  • The advantage of setting priorities in your life is that you can _________. a. Easily change your habits and behaviors overnight
    7·2 answers
  • Stagflation occurs when high inflation combines with...
    9·1 answer
  • Paul, a manager at a logistics company. Wants to have Emma, a temporary worker, handle customers’ queries. Paul’s colleague. Ali
    10·1 answer
  • The investments of Steelers Inc. include a single investment: 11,100 shares of Bengals Inc. common stock purchased on September
    10·1 answer
  • to effectively segment a market, you should ensure that the segments are relatively blank , at least in terms of prospective buy
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!