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Fed [463]
3 years ago
15

M Company has the following information available before recording the adjustment at the end of the year: Accounts Receivable $8

00,000 Allowance for doubtful accounts per books before adjustment $50,000 credit Bad Debt Expense calculated using percentage of receivables method $15,000 The cash (net) realizable value of the accounts receivable at the end of the year after adjustment is Select one: a. None of the above b. $735,000 c. $685,000 d. $750,000 e. $800,000
Business
1 answer:
iren [92.7K]3 years ago
7 0

Answer:

b. $735,000

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.

Allowance for Doubtful Accounts balance before adjustment = $50,000 Credit

Bad Debt expense based on percentage of receivables = $15,000

This adjustment will added to the balance of $50,000 to make Allowance for Doubtful Accounts ending balance equals to $65,000 ( $50,000 + $15,000 ).

Net realizable value of account receivable is the net value of Allowance for Doubtful Accounts and Account receivable.

Net Realizable value of the accounts receivable = $800,000 - $65,000 = $735,000

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When the IS organization and its resources are focused on efforts that support the key objectives defined in the managers' strat
o-na [289]

Answer:

Alignment

Explanation:

According to my research on Information Technology, I can say that based on the information provided within the question this means that the organization is in Alignment. This is basically when all sectors or categories within an organization are aligned and working in unison as a whole in order to solve a certain problem.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Defining leadership as a ______ means that it is not a trait or characteristic that resides in the leader, but rather a transact
alex41 [277]

Answer:

Process.

Explanation:

Defining leadership as a process means that it is not a trait or characteristic that resides in the leader, but rather a transactional event that occurs between the leader and the followers.

This ultimately implies that, beyond an individual possessing the traits or qualities of a leader, leadership in itself is a process that revolves around the activities or happenings between the leader and those who he or she is leading, which are the followers.

<em>Hence, leadership is simply a continuous process. </em>

3 0
3 years ago
The federal income tax credit for dependent children doubled from $1,000 to $2,000 from 2017 to 2018. If the credit continued do
kolezko [41]
Since it says “Double” it means you’re multiplying by 2 each time. So the answer is 8,000.
(17-18) 1,000x2=2,000
(18-19) 2,000x2=4,000
(19-20) 4,000x2=8,000
6 0
3 years ago
A stock market crash will cause Group of answer choices aggregate demand to decrease, which the Fed could offset by purchasing b
Zolol [24]

Answer:

A stock market crash will cause aggregate demand to decrease, which the Fed could offset by purchasing bonds.

Explanation:

A stock market crash happens when the prices of stocks fall generally and suddenly that investors are taken unawares.  It triggers some reactions which further threatens the market overall and depresses aggregate demand.  It also weakens investors' confidence, reduces productivity, consumption, and the ability of firms to fund their activities, and leads the economy to recession.

Stock market crashes are triggered by unexpected economic event, catastrophe, or crisis.  For example, the collapse of Lehman brothers as a result of bankruptcy.  They are further exacerbated by panic reactions, underlying economic underperformance, and investors' fear.

The Fed as the US central bank in charge of the monetary policy can try to stem the downward spiral caused by a stock market crash by purchasing bonds.  This makes more money available in the economy for consumption.

Before the crash, the Fed can decide to bail out the institution, e.g. an airline or a financial institution, that could trigger a crash.  But, most stock market crashes are not foreseen.

6 0
3 years ago
Which of the following is not normally viewed as an adjustment to the principal of an estate? Multiple Choice Insurance expenses
Alex787 [66]

Answer:

Correct Answer:

E. Funeral expenses.

Explanation:

Adjustment to the principal of an estate is a process which allow a trustee to make adjustments between income and principal over a given period of time. This income could be as a result of minor or major money earned as well as the debts incurred.

5 0
3 years ago
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