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
horrorfan [7]
3 years ago
15

At the end of the first year of operations, Gaur Manufacturing had gross accounts receivable of $412,000. Gaur's management esti

mates that 8% of the accounts will prove uncollectible. What journal entry should Gaur record to establish an allowance for uncollectible accounts
Business
1 answer:
s344n2d4d5 [400]3 years ago
7 0

Answer:

Dr bad debt 32,960

Cr Allowance for uncollectible account 32,960

Explanation:

Preparation of the journal entry that Gaur should record to establish an allowance for uncollectible accounts

Since we were told that he had gross accounts receivable of the amount of $412,000 in which 8% of the accounts will prove uncollectible this means the transaction will be recorded as:

Dr Bad debt 32,960

Cr Allowance for uncollectible account 32,960

($412,000×8%)

You might be interested in
____ management encourages managers to make facts and logic the foundation of their approach to decision-making.
Gemiola [76]

Evidence based management encourages managers to make facts and logic the foundation of their approach to decision-making.

<h3>What is meant by evidence based management?</h3>

This s the term that has to do with the type of management that is more likely involved with the ability of a person to engage in critical thinking. It is the type of management that lays aside feelings and relies instead on the ability of people to think and come up with facts.

Hence we can ay that Evidence based management encourages managers to make facts and logic the foundation of their approach to decision-making.

Read more on evidence based management here; brainly.com/question/24847839

#SPJ1

7 0
2 years ago
What is the current face value of a $1,000 Treasury inflation-protected security if the reference CPI is 203.19 and the current
Stella [2.4K]

Answer:

$1,011.22

Explanation:

Price = $1000 x (205.47/203.19)

$1000× 1.01122= $1,011.22

Therefore the current face value is $1,011.22

3 0
3 years ago
Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is
Gnesinka [82]

Answer:

A. C corporation.

Explanation:

In the case of c corporation, it does not permit for setting off the business or entity loss that opposed to the income held from the other sources

so in the given scase, the c corporation does not permit for offsetting the losses

And, rest of the options should be permitted for the same

therefore the option a is correct

6 0
3 years ago
Describe the swot analysis, its components, and how it aids a company in making strategic decisions. provide examples of each co
11Alexandr11 [23.1K]
This is my short version.

SWOT: strengths, weaknesses, opportunities and threats.
This is usually accomplished with a large management team. They can break out into teams, for an amount of time they start with strengths. They record and present. Reviewing the similarities help them focus. The ones that don't watchman be reviewed at another time. Do the same with the other categories. Allow 15 minutes for each discussion and 5 minutes for presentation. Hang them on the walls.
GOAL. To finish the 4 categories in about 2 - 2 1/2 hours.
NEXT STEP. Narrowing down the categories so that it is meaningful, doable and beneficial to the attendees.

This is called "where the rubber meets the road." This is where you need the time to discuss and move them towards decisions.
Example:
Strengths: great employees; good, solid management team
Weaknesses: Takes too long to hire when there is a vacancy; sometimes HR gives us resumes that do not match the vacancy
Opportunities: HR may relook at the hiring process, vacancies may get filled accurately and in less time
Threats: HR has vacancies also and they need additional manpower, finding time to improve

HOPE THIS HELPS!!!


4 0
3 years ago
Journalize the entries to record the following selected equity investment transactions completed by Yerbury during a recent year
marshall27 [118]

Answer:

Yerbury Journal. $

Feb 2

Investment Wrong Dr 106,000

Brokerage Expenses Dr 110

Cash. CR. 106110

Purchase of Wrong share by cash

Mar 6

Cash Dr. 1590

Dividend Cr. 1590

Dividend received from Wrong

June 7

Investment Wrong Dr 31200

Brokerage Expenses Dr 120

Cash Cr. 31320

Purchase share from Wrong by cash

June 26

Cash Dr. 210,000

Investment Cr. 124,200

Profit Cr 85800

Sales of 5300 and 700 shares purchased from Wrong at$20&$26 respectively.

June 26

Brokerage exp Dr. 100

Cash. CR. 100

Brokerage paid on sales of Wrong shares

Sept 20

Cash Dr. 520

Dividend Cr. 520

Dividend received on share

Explanation:

6 0
3 years ago
Other questions:
  • uppose that Sam, an economist from an AM talk radio program, and Teresa, an economist from a public television program, are argu
    7·1 answer
  • Hiram has learned to seek attention by engaging in appropriate behavior namely by watching his brother receive attention for hit
    13·1 answer
  • The price elasticity of demand is equal to the​ ________ in the​ ________ divided by the​ ________ in the​ ________.
    13·1 answer
  • The manager at East Coast Manufacturing organizes costs to prepare the Costs of Quality report. The manger compiled the followin
    15·1 answer
  • Suppose your firm has a marginal revenue given by the equation MR = 10 - Q where Q is the quantity produced and sold. This means
    6·1 answer
  • The government provides _____ to increase competition in the marketplace.
    5·2 answers
  • One disadvantage of an environment of low interest rates is that<br><br><br>​
    15·2 answers
  • Which of the following is true about effective budgets?
    10·1 answer
  • Arizona Desert Homes (ADH) constructed a new subdivision during 2020 and 2021 under contract with Cactus Development Co. Relevan
    14·1 answer
  • Margaret is the manager of a medium-size company. A few years ago, Margaret persuaded the owner to base a part of her compensati
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!