Answer:
a. total estimated uncollectible accounts is $21,190
b. to entry the adjustment, we have to debit bad debt expense and credit allowance for doubtful accounts in the amount of $14,690
Explanation:
a. to compute the estimated uncollectible accounts, we have to multiply the specific % to the accounts receivable plus the beginning balance;
•Accounts not due
$36,000 x 4% = $1,440
•Accounts 1 - 60 days past due
$21,000 x 25% = $5,250
•Accounts more than 60 days past due
$16,000 x 50% = $8,000
So the total uncollectible accounts would be; $6,500 + $1,440 + $5,250 + $8,000 = $21,190
b. to record the year-end adjustment of the uncollectible accounts, we have to debit bad debt expense and credit allowance for doubtful accounts in the amount of $14,690. This figure is the uncollectible amount we computed earlier based on the aging.
<span>At present, a line that fits the data well will be one for which then prediction errors (one for each of the n data points — n = 10, in this case) are as small as likely in some in the general sense. This plan is called the "least squares criterion." In tiny, the least squares criterion tells us that in order to find the equation of the best fitting line: y^i=a1+bxi.</span>
Answer:
Entrepreneurs occupy a central position in a market economy. For it's the entrepreneurs who serve as the spark plug in the economy's engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct.
Explanation:
Answer:
Marketing refer to activities a company undertakes to promotes the buying or selling of a product or service. It includes advertising, selling, and delivering products to consumers or other business.
Explanation:
Some marketing is done by affiliates on behalf of a company.
