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Reika [66]
3 years ago
11

On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts

Business
2 answers:
Brrunno [24]3 years ago
8 0

Answer: A

Explanation: Recieveable balance $18500, this is the cash inflow of the company

Allowance for doubtful accounts $1400 this is usually a percentage of money set aside from cash inflow for debts e.t.c.

Unaccountable account $400 usually debts

Receivable after deduction of allowance of doubtful accounts.

$18500 - $1400 = $ 17100

Allowance of doubtful accounts after deduction of debts

$1400 - $400 = $1000

Amount receivable immediately after write off

$17100 + $1000 = $18100

a_sh-v [17]3 years ago
5 0

Answer:

C. $17,100.

Explanation:

Before Write off

January 1, 2013 Accounts Receivable balance  $18,500

Less Allowance for Doubtful Accounts was <u>$1,400</u>

Estimated realizable accounts accounts receivable  $ 17,100

<em>The write off method does not affect the realizable value of the accounts receivable. Both assets and net income are affected in the period bad debts expense is predicted and recorded with an adjusting entry.</em>

After Write Off

Accounts Receivable                                 $ 18,100

Less Allowance for Doubtful Accounts was <u>$1,000</u>

Estimated realizable accounts accounts receivable  $ 17,100

Accounts Receivable                                                      $ 52,000

Less Net realized accounts accounts receivable  $   48,500

Uncollectibles  (bad debts)                                   $ 3,500

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Answer:

Explanation:

Target marketing is a way of focusing your advert on specific people, location, age group, interest, in order to have a maximum yield.when utilizing target marketing strategy, there are a lot of advantages that are attached to it as discussed below;

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At December 31, 2020, Desert Company reports the following balances for its liability accounts:   7% note payable issued 10/1/20
LekaFEV [45]

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The amount of notes payable that should be recorded as a current liability will be $520,000.

Explanation:

The 8% notes payable had been refinanced to a long-term notes payable.  But, the 7% notes payable was still being negotiated for refinancing.  Since the refinancing had not been agreed, the notes payable would still have a balance of $520,000.  However, a note in accounts could state the fact that the notes payable was being negotiated for refinancing.

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3 years ago
"Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pr
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Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

Explanation:

According to the shut down rule, at the profit-maximizing positive level of output, a business in a competitive market should continue to operate in the short-term if the price equals to or is greater than the average variable cost, but should shut down in the long term if the price is less than or equal to total cost. Here,

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Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

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As per the data given in the question,

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  Therefore, Management is the correct answer.  

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