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Assoli18 [71]
3 years ago
13

At the end of 2016, wildhorse co. has accounts receivable of $690,100 and an allowance for doubtful accounts of $25,090. 1. on j

anuary 24, 2017, it is learned that the company's receivable from madonna inc. is not collectible and therefore management authorizes a write-off of $3,913. 2. on march 4, 2017, wildhorse co. receives payment of $3,913 in full from madonna inc.
Business
1 answer:
Snezhnost [94]3 years ago
6 0

Answer:

See explanation section.

Explanation:

January 24, Allowance for doubtful accounts Debit        $3,913

Accounts receivable                                          Credit        $3,913

To record the write - off of accounts receivable.

March 04, Accounts receivable      Debit     $3,913

Allowance for doubtful accounts    Credit    $3,913

To record the reinstatement of uncollectible from the receivable account.

March 04, Cash         Debit      $3,913

Accounts receivable Credit     $3,913

To record the unexpected payment from madonna inc.

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Bogdan [553]

Answer: <u><em>The company prefers to have white Americans at top positions</em></u>, is most likely the reason why Rohit was not promoted.

In this particular case, Rohit a marketing executive who has graduated from a top Ivy League university in the United States and has been known for his outstanding performance, positive attitude, and innovative ideas yet somehow Ryan, a white male with lesser experience and average performance, is promoted to the position of marketing manager.

This states that there is discrimination in this organization and they tend to hire white people over people of color.

<em><u>Therefore, the correct option is (b). </u></em>

3 0
3 years ago
What is the formula for determining productivity?!
Iteru [2.4K]

Answer:

Output/Input (APEX) <--------

Explanation:

This is the <u>CORRECT</u> answer for APEX.

8 0
3 years ago
A company's issued share capital throughout an accounting period consists of 500,000 common shares of 20 cent each and 100,000 p
ella [17]

Answer:

a. $0.30

Explanation:

Basic Earning Per Share (BEPS) = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stock.

Earnings Attributable to Holders of Common Stock calculation :

Net income after tax for the period                            $160,000

Less Preference Dividend                                           ($10,000)

Earnings Attributable to Holders of Common Stock $150,000

Weighted Average Number of Common Stock calculation :

Outstanding common shares                                      500,000

Therefore,

Basic Earning Per Share (BEPS) = $150,000 ÷ 500,000

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7 0
3 years ago
Jacob is the owner of a film production company. He promotes a healthy work-life balance for his employees. He also encourages t
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Answer:

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6 0
3 years ago
During 2022, Sheridan Company entered into the following transactions.
malfutka [58]

Answer with its Explanation:

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Current Asset + $70,94   =   Current liabilities + $70,940

4 0
3 years ago
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