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pickupchik [31]
2 years ago
11

Helix reported the following information in its financial statements. Write-offs of accounts receivable were $200 in the current

year. Helix did not recover any write-offs.
At December 31 Current Year Prior Year
Accounts receivable $ 5,000 $ 4,000
Allowance for doubtful accounts 400 350
Accounts receivable, net $ 4,600 $ 3,650

Determine Bad Debts Expense for the current year.
Business
1 answer:
olya-2409 [2.1K]2 years ago
7 0

Answer:

the Bad debt Expense for the Year is $250

Explanation:

The computation of the bad debt expense is given below:

Bad debt Expense for the Year is

= Current year of  Allowance for Doubtful Accounts + Write off in Current Year - Prior year of Allowance for Doubtful Accounts  

= $400 + $200 - $350

= $250

Hence, the Bad debt Expense for the Year is $250

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Answer:

YES - When marginal cost​ (MC) of production is increasing, the average variable cost​ (AVC) is increasing.

Explanation:

Marginal cost (MC) is the cost of producing an extra unit of output while Average variable cost (AVC) is the cost per unit of output produced.

When MC is below AVC, MC pulls the average down. This means that when MC is falling, AVC is falling

When MC is above AVC, MC is pushing the average up; therefore when MC is rising, AVC is rising.

The conclusion is that MC and AVC have a direct relationship and a rise in one will cause a rise in the other , therefore when the marginal cost​ (MC) of production is increasing, the average variable cost​ (AVC) is increasing.

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3 years ago
¿Que es un mapa estratégico?
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Explanation: Sí

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Why is a hotel room a perishable product?
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E

Is the correct answer

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3 years ago
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An insurer hires an advertising agency to create an advertisement for a health insurance policy. The public complains that the w
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Answer:

The insurer shall be held liable

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3 years ago
Holtzman Clothiers's stock currently sells for $40.00 a share. It just paid a dividend of $1.75 a share (i.e., D0 = $1.75). The
VladimirAG [237]

Answer: See explanation

Explanation:

a. What stock price is expected 1 year from now?

This will be calculated as:

= P0 × (1 + g)

where,

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= P0 × (1 + g)

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b. What is the required rate of return?

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= (1.8725 / 40) + 0.07

= 0.1168

= 11.68%

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3 years ago
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