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
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

You might be interested in
Given this project and the requirement that the number of resources working on a task cannot be less than the number assigned to
Marizza181 [45]

Answer: c. 5 days, 7 workers

Explanation: With the project requirements provided, and with the least of number of resources working on the task not less than the number of those assigned to the task.

The least amount of time for the project to complete would be approximately 5 days, and the resources needed to complete the task would be approximately 7 workers.

8 0
3 years ago
Why do corporations merge into conglomerates
GarryVolchara [31]
To create rapid growth 

8 0
3 years ago
If a customer's bill is $45.00 for the first month their subscription starts and $30.00 each month after that, which date did th
liubo4ka [24]
<span>Answer- The fifteenth of the month. This question doesn't require a lot of thinking. In other words it is a straightforward question. The subscription for each full month is actually $30. This means the subscriptions for each day is about $1. Since the first subscription was $45, the service started on 15th of the moth ($45-$30).</span>
5 0
3 years ago
Sebastian purchases two pieces of equipment for $100,000. Appraisals of the equipment indicate that the fair market value of the
Schach [20]

Answer:

$100,000

Explanation:

According to the internal revenue service ''<u>In most situations, the basis of an asset is its cost to you.</u> <u>The cost is the amount you pay for it in cash</u>, debt obligations, and other property or services. Cost includes sales tax and other <u>expenses connected with the purchase</u>.''

Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.

Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation . In the scenario we have no depreciation figures, hence the basis is the cost of $100,000

8 0
3 years ago
All financial statements:_________
Anastasy [175]

Answer:

a) help to evaluate what happened in the past.

Explanation:

The financial statement interprets the financial performance, profitability, position of the company. It involves the income statement, balance sheet, cash flow statement, etc through which the business could be analyzed in a better way

Also it helps to analyze and evaluate what is happened in the past

Therefore the option a is correct

5 0
3 years ago
Other questions:
  • A bond indenture is
    10·1 answer
  • Leonard, the manager of a manufacturing firm, wants the organization to perform better. He expects his employees to think more l
    15·1 answer
  • The calculation of WACC involves calculating the weighted average of the required rates of return on debt, preferred stock, and
    13·1 answer
  • Leon Georges works in the warehouse for a manufacturer of air-purification systems. He is responsible for the transportation of
    15·1 answer
  • A company produces 500 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactu
    15·1 answer
  • Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the be
    9·1 answer
  • Splashdown Corporation manufactures water toys. It plans to grow by producing highminusquality water slides at a low cost that a
    14·1 answer
  • A closed-end fund starts the year with a net asset value of $18.00. By year-end, NAV equals $18.40. At the beginning of the year
    13·1 answer
  • PLEASE HELP FAST!!!
    9·1 answer
  • Why is the zero-based budget the most effective type of budget?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!