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
klio [65]
3 years ago
5

Saint John Industries uses the percentage of credit sales method to estimate Bad Debt Expense. The company reported net credit s

ales of $670,000 during the year. Saint John has experienced bad debt losses of 5% of credit sales in prior periods. At the beginning of the year, Saint John has a credit balance in its Allowance for Doubtful Accounts of $5,700. No write-offs or recoveries were recorded during the year. What amount of Bad Debt Expense should Saint John recognize for the year?
Business
1 answer:
photoshop1234 [79]3 years ago
5 0

Answer:

$33,500

Explanation:

Relevant data provided

Total Credit Sales = $670,000

Percentage of bad debts = 5%

The computation of Bad Debt Expense is shown below:-

Bad Debt Expense = Total Credit Sales × Percentage of bad debts

= $670,000 × 5%

= $33,500

Therefore for computing the bad debt expenses we simply multiply the total credit sales with percentage of bad debts.

You might be interested in
Criteria for forming segments involve both similarities and differences. In terms of the needs of buyers, the similarities must
kirill [66]

Answer:

The correct answer is within; among.

Explanation:

Market segmentation is used by companies to separate the target audience with which they want to work. Considered as a market phenomenon, the technique consists of defining the marketing strategy by identifying the target market.

Segmenting this market means dividing it so that consumers are grouped according to a series of characteristics, needs or preferences. It is important that a segment has people with homogeneous factors and these depend on the objective of segmentation.

This separation into groups of consumers allows the company to identify and privilege one or more segments according to a range of objectives or products.

The segmentation process requires that the criteria that affect or influence purchase decisions be identified. There are various segmentation criteria: social, geographic, demographic, economic, social, lifestyle, and many others.

Normally, in a market segmentation it is necessary to address several of the criteria to better guide the marketing actions to follow. The more aspects that are used to characterize an audience, the easier it will be to develop a marketing strategy.

There is no way to think about segmenting a target audience without knowing what characteristics it needs to have in order for the strategy to be correctly defined.

7 0
3 years ago
Pierre's Ice Cream Company produces ultra-rich ice cream, which it sells in Cleveland, Ohio, and other neighboring places. Last
boyakko [2]

Answer:

The actual return on investment was 16.67%

Explanation:

the Return on Investment, will be the net income copared with the own funds (equity). So, we will compare the 50,000 net income with the owner's equity 300,000

50,000/300,000 = 0.1667 = 16.67%

The return on investment is 16.67% This means for every dollar of equity the comany earn 16.67 cent

It also means the company will return their entire investment in:

1/ROI = 1/0.166666 = 6 years

8 0
3 years ago
Organizations that rely on a few major customers may organize their people and resources by client. This is an example of ______
Rom4ik [11]

Any organization that organizes their people and resources by client because it relies on a few major customers shows an example of <u>customer departmentalization</u>.

<h3>What is departmentalization? </h3>

Departmentalization is an effort by an organization to achieve some common purpose, coordinate its effort, ensure division of labor, hierarchy of authority, and centralize/decentralize and formalize its operations.

There are four basic types of departmentalization (function, product, customer, and geography). Customer departmentalization depends on the difference between the customer segments so that specialized services could be offered to each segment.

Thus, such an organization is an example of <u>customer departmentalization</u>.

Learn more about departmentalization at brainly.com/question/25823018

6 0
2 years ago
All of the following are reasons to get organized except:
riadik2000 [5.3K]

Answer:

the answer is A. inefficiency

3 0
3 years ago
Which type of rice will remain firm and separate when cooked properly?
Soloha48 [4]
Long-Grained rice. Hope this helps:)
5 0
3 years ago
Other questions:
  • i'm doing a speech about why people give up and why they shouldnt give up what should my attention getter and my main points be?
    6·1 answer
  • Which of the following is true concerning temporary and permanent accounts?A. Cash is a temporary accountB. Permanent accounts r
    11·1 answer
  • According to​ Zane, it was difficult for him to empower his employees and not​ micromanage; however, he realized that being resp
    6·1 answer
  • TRUE OR FALSE An acceptance can impose new conditions or change the terms of the original offer.
    5·1 answer
  • A client is admitted to an acute care facility after an episode of status epilepticus. After the client is stabilized, which fac
    8·1 answer
  • Roland becomes ill so he signs and gives his daughter a document authorizing her to manage all of his affairs should he become i
    5·1 answer
  • Liz and John formed the equal LJ Partnership on January 1 of the current year. Liz contributed $80,000 of cash and land with a f
    8·2 answers
  • Lunar Vacations needs to raise $ 6,100,000 for its new project? (a golf course on the? moon). Astro Investment Bank will sell th
    13·1 answer
  • The Fed increased the supply of US dollars at an average rate of 6 percent per year over the 1980-2005 period. Based on the theo
    12·1 answer
  • What has changed in the recent past that now makes working from home a viable solution for business and workers?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!