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Zepler [3.9K]
3 years ago
11

Before year-end adjusting entries, Dunn Company's account balances at December 31, 2020, for accounts receivable and the related

allowance for doubtful accounts were $1,500,000 and $90,000, respectively. An aging of accounts receivable indicated that $125,000 of the December 31 receivables are expected to be uncollectible. The accounts receivable amount expected to be collected after adjustment for bad debt expense is
A. $1,465,000
B. $1,375,000
C. $1,285,000
D. $1,410,000
Business
1 answer:
navik [9.2K]3 years ago
7 0

Answer:

Option (B) is correct.

Explanation:

Given that,

Accounts receivables = $1,500,000

Allowance for doubtful accounts = $90,000

Expected uncollectibles = $125,000

The collection of accounts receivables after the adjustment for bad debt expense is determined by deducting the expected uncollectibles from the total amount of accounts receivables.

Accounts receivable amount expected to be collected after adjustment for bad debt expense:

= Accounts receivables - Expected uncollectibles

= $1,500,000 - $125,000

= $1,375,000

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Answer: B - a general improvement in technology affecting production of all goods

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Shifting of resources from butter to gun would lead to movements along the curve as more gun would be produced and less butter.

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4 0
3 years ago
Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 11.0% per year. If that
Semmy [17]

Answer:

10.52 years

Explanation:

We can work out the number of years using this relationship

V =P× (1+r)^n

V= tribe valeu  = 3×3.5 = 10.5

r-growth rate -11%

n- number of years- ?

10.5 = 3.5× (1.11)^n

<em>dividing both sides by 1.11^n</em>

1.11^n = 10.5/3.5

<em>taking the log of both sides</em>

n log 1.11 = log 3

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5 0
3 years ago
What are the portfolio weights for a portfolio that has 145 shares of Stock A that sell for $47 per share and 200 shares of Stoc
ycow [4]

Based on the information given the portfolio weights for a portfolio are:

Stock A 0.6187; Stock B 0.3815.

First step

Shares          Price per share Total value

Stock A 145           $47                       6,815

Stock B 200          $21                       4,200

Total                                                     11,015

Second step

Portfolio weights

Stock A [ 6,815 / 11,015 ] 0.6187

Stock B [ 4,200 / 11,015 ] 0.3813

Inconclusion the portfolio weights for a portfolio are: Stock A 0.6187; Stock B 0.3815.

Learn more here:brainly.com/question/19579061

8 0
3 years ago
Who is responsible for training food workers on safe food handling procedures?
notsponge [240]

Answer:

supervisor, owner or manager

Explanation:

It is always the supervisor, owner or manager's duty to train an employee working in the food industry about the handling procedures and compliance with health policies.

Taking into consideration the specifics of each food industry (various countries and standards), the person in charge should handle proper training or provide adequate courses which teach the employees how to handle food and ensure that the health or food hygiene factors are respected.

6 0
3 years ago
An insured is entitled to coverage under a policy that a prudent person would expect it to provide
Tems11 [23]

Correct/Complete Question: An insured is entitled to coverage under a policy that a prudent person would expect it to provide. This principle is called

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C, Reasonable expectations

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Reasonable expectations is a legal concept in that says that an insured is entitled to coverage under a policy that a prudent and reasonable person would expect it to provide.

Alternatively, reasonable expectation could be said to be something one has good claims to expect will be done or is supposed to be done.

Cheers.

7 0
3 years ago
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