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Ivan
2 years ago
6

BlendedBlended Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Al

lowance for Bad Debts had a credit balance of $ 1 comma 300$1,300. During the year BlendedBlended wrote off uncollectible receivables of $ 1 comma 800$1,800. BlendedBlended recorded Bad Debts Expense of $ 2 comma 800$2,800. What is Blended'sBlended's ​year-end balance in Allowance for Bad​ Debts?
Business
1 answer:
ehidna [41]2 years ago
4 0

Answer:

The answer is: $2,300

Explanation:

To determine the ending balance of the account Allowance for Bad Debts of Blended Corporation, we can use the following formula:

ending balance = beginning balance - amount wrote off + recorded bad debts

ending balance = $1,300 - $1,800 + $2,800 =$2,300

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A one-month European call option on Bitcoin is with the strike price of $8,505, $8,705, and $8,905 are trading at $600, $500, an
Shkiper50 [21]

Answer:

The investor profit will be $85

Explanation:

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8 0
3 years ago
Scanlon Inc.'s CFO hired you as a consultant to help her estimate the cost of capital. You have been provided with the following
topjm [15]

The cost of equity from retained earnings when using the CAPM approach for Scanlon Inc., would be 7 . 80%

<h3>How to find the cost of equity ?</h3>

The CAPM method stands for the Capital Asset Pricing Method and it allows for the cost of equity to be calculated by using the beta, the real risk free rate, and the market risk premum.

The cost of equity when using the CAPM method can be found by the formula:
Cost of equity = Real risk free rate + Beta x Market premium

The real risk free rate = 4 . 10 %

Beta = 0 . 70

Market risk premium = 5 . 25 %

The cost of equity is therefore:

Cost of equity = 4 . 10 % +  0 . 70 x 5 . 25 %

Cost of equity = 4 . 10 % + 3.675 %

Cost of equity = 7. 775 %

Cost of equity = 7 . 80%

Find out more on the CAPM method at brainly.com/question/24158909

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7 0
1 year ago
The selling and administrative expense budget of Gullette Corporation is based on the number of units sold, which are budgeted t
Andrej [43]

Answer:

Gullette Corporation

Gullette Corporation

Selling and administrative expense budget for April:

April Budgeted unit sales = 3,700

Variable selling and administrative expense per unit = $4.80

Variable selling and administrative expense = $17,760

Fixed selling and administrative expense =     $30,180

Total selling and administrative expense =     $47,940

Less Depreciation expense =                           ($3,450)

Cash disbursements for selling and

  administrative expenses                               $44,490

Explanation:

Data:

Budgeted units sales = 3,700

Variable selling and administrative expense = $4.80 per unit

Budgeted fixed selling and administrative expense = $30,180 per month

Depreciation in fixed expense = $3,450

Gullette Corporation

Selling and administrative expense budget for April:

April Budgeted unit sales = 3,700

Variable selling and administrative expense per unit = $4.80

Variable selling and administrative expense = $17,760

Fixed selling and administrative expense =     $30,180

Total selling and administrative expense =     $47,940

Less Depreciation expense =                           ($3,450)

Cash disbursements for selling and

  administrative expenses                               $44,490

b) Under the budgetary process, Gullette Corporation prepares its selling and administrative expense budget to include the variable and fixed elements.  The variable element of Gullette's selling and administrative expenses varies per unit with the volume of sales, while the fixed element remains relatively constant in total.  The total cash disbursements for selling and administrative expenses do not include depreciation.

6 0
3 years ago
: Narda Corporation agreed to sell all of its capital stock to Effie Corporation for three monthly payments of $200,000. After E
Gnoma [55]

Answer:

Since Effie Corporation forfeited their stock subscription, then they will lose their stocks and the money they invested in Narda Corporation.

In this case, Narda was being completely acquired by Effie Corporation and the whole operation went down, then the initial payment must be recorded as additional paid in capital. It should not be included as part of operating income since it wasn't a normal business activity.

8 0
3 years ago
Select which government was granted each of the powers listed. Coining of money Fire and police protection Schools Army and Navy
Rashid [163]

Answer:

  1. Coining of money: FEDERAL GOVERNMENT
  2. Fire and police protection: STATE GOVERNMENT
  3. Schools: STATE GOVERNMENT
  4. Army and Navy: FEDERAL GOVERNMENT
  5. Treaties with other nations : FEDERAL GOVERNMENT
  6. Highways and roads: STATE GOVERNMENT
  7. Local courts: STATE GOVERNMENT

3 0
3 years ago
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