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
KonstantinChe [14]
2 years ago
11

E6-20 (Algo) Inferring Bad Debt Expense and Determining the Impact of Uncollectible Accounts on Income (Including Tax Effects) a

nd Working Capital LO6-2 A recent annual report for RVC contained the following information (dollars in thousands) at the end of its fiscal year: Year 2 Year 1 Accounts receivable $ 9,092,000 $ 8,633,000 Allowance for doubtful accounts (1,020,000 ) (565,000 ) $ 8,072,000 $ 8,068,000 A footnote to the financial statements disclosed that uncollectible accounts amounting to $827,000 and $436,000 were written off as bad debts during year 2 and year 1, respectively. Assume that the tax rate for RVC was 35 percent. Required: 1. Determine the bad debt expense for year 2 based on the preceding facts. (Hint: Use the Allowance for Doubtful Accounts T-account to solve for the missing value.) (Enter your answers in thousands not in dollars.) 2. Working capital is defined as current assets minus current liabilities. Would the working capital be affected by the write-off of an uncollectible account? 3. Would the net income be affected by the $827,000 write-off during year 2?
Business
1 answer:
SVETLANKA909090 [29]2 years ago
8 0
Theres is to much writing sorry hope this helps
You might be interested in
Elliott has the following capital gain and loss transactions for 2021. a. Short-term capital gain $1,500 b. Short-term capital l
vazorg [7]

The net short term capital loss for Elliott for 2021 will be $(2100); and the net long term capital gain will be $9,300.

<h3>What is capital gain?</h3>

The gain or positive returns made on the investment or engagement of money during a particular period is known as a capital gain. A short term capital gain is derived within 1 year; and long term is more than a year.

Hence, the capital gains and losses made by Elliott are aforementioned.

Learn more about capital gain here:

brainly.com/question/24084696

#SPJ1

4 0
2 years ago
The pay rates in the organization may not match the pay structure in the market when a company sets its pay rates based strictly
Grace [21]

There are discrepancies between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a <u>pay policy</u><u> line</u>.

<h3>What is a pay rate?</h3>

A pay rate can be defined as a measure of the amount of money that is being paid by a company to its employees (workers) per period of work or unit of production, which is usually on a hourly, weekly, or monthly basis.

In business management, discrepancies would generally exist between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a <u>pay policy</u><u> line</u>.

Read more on pay rate here: brainly.com/question/4443190

6 0
1 year ago
Novak Company uses a perpetual inventory system. Its beginning inventory consists of 113 units that cost $77 each. During June,
Deffense [45]

Answer:

Novak Company Journal. $

June 1

1. Purchases Dr. 26,026

Vendor. Cr. 26,026

Narration purchase of stock

2.Vendor Dr 1078

Return outward Cr. 1078

Narration. Return on goods purchased.

3. Customer Dr 31753

Sales. Cr. 31753

Narration. Good sold to customer

5 0
3 years ago
Based on what you have read, what can you infer about the relationship between advertising and the price you pay for a product a
jek_recluse [69]
Advertising will be effective if its production and placement must be based on a knowledge on a public and skill use of the media. Advertise are based on consumer's behavior and demographic analysis of a market area.
5 0
3 years ago
Read 2 more answers
Say that you have invented a new snack food product and would like to market it to college students. What are some of the advert
Lera25 [3.4K]

Explanation:

The ideal would be to create an advertising message that would bring value and engagement to the target audience that you want to reach, which in this case are young university students. Use more modern and informal communication, elements of youth culture, such as music, films and series, which add value to advertising to attract the desired audience.

It would also be important that advertising communication be carried out in colleges, through advertising on student radio or as a sponsor of sports games.

If the product is well aimed at meeting the needs of university students and has a positive response, in the future it can grow and be consumed by other students and thus become a product of value for young people.

4 0
3 years ago
Other questions:
  • Assume Dr. Early is an independent contractor for Pharzime and that Pharzime allows Dr. Early to spend money to take doctors who
    15·1 answer
  • In circumstances in which technology changes, employees may have to
    14·1 answer
  • Suppose you wanted to start an animal-breeding business. for most of the following animals, you could start out with just a sing
    13·1 answer
  • The United States economy is considered by the Institute for Management Development to be the most competitive economy because:_
    7·1 answer
  • Willy makes proper use of the wiki feature on the company intranet when he ________. science forums
    6·1 answer
  • Discuss FOUR ways in which SAA could benefit from proper long-term planning.
    12·1 answer
  • In much of the United States and Canada, logging takes place in both privately owned and government-owned forests. a. Privately
    11·1 answer
  • 1.Summarize and write what you have understood from this article
    6·1 answer
  • A corporation makes an investment of $20,000 that will provide the following cash flows after the corresponding amounts of time:
    9·1 answer
  • How can you identify the campaigns and email sends most likely to get results for your business?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!