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ElenaW [278]
3 years ago
5

On December 31, Year 3, Alpha Company had an ending balance of $200,000 in its accounts receivable account and an unadjusted (cu

rrent) balance in its allowance for doubtful accounts account of $300. Alpha estimates uncollectible accounts expense to be 1% of receivables. Based on this information, the amount of uncollectible accounts expense shown on the Year 3 income statement is:______.
a. $2.300.
b. $2200.
c. $1700.
d. $2.000.
Business
1 answer:
Luden [163]3 years ago
4 0

Answer:

c. $1700.

Explanation:

The computation of the uncollectible account expense is shown below:

= Account receivable × estimated percentage - unadjusted balance

= $200,000 ×1% - $300

= $2,000 - $300

= $1,700

hence the  uncollectible account expense is $1,700

Hence, the correct option is c.

The same would be relevant

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Warren Industries uses a process-costing system for its single product, which is manufactured from Material X and Material Y. X
nordsb [41]

Answer:

C. 91,000 74,000

Explanation:

Calculation to determine the choices that correctly expresses the total equivalent units of production for Material X and Material Y

Calculation for Material X using this formula

Material X = Started and completed + Ending Work-in-process inventory

Let plug in the formula

Material X = 74,000 units + 17,000 units

Material X = 91,000 units

Therefore Material X will be 91,000 units

Calculation for Material Y

Based on the information given Material Y will be 74,000 units reason been that Y is added at the 80% point while the current point on the other hand is 30%.

Therefore Material Y will be 74,000 units.

8 0
3 years ago
The producers of a new movie decide that they want three Jeep Cherokees for the main characters (Huey, Dewey, and Louie) to driv
slamgirl [31]

<u>Full question:</u>

The producers of a new movie decide that they want three Jeep Cherokees for the main characters (Huey, Dewey, and Louie) to drive. After negotiating with Jeep, they decide that Jeep will donate the three vehicles to the movie producers in exchange for the ability to use Huey, Dewey, and Louie in their next commercial. This approach to product placement is known as:

A. Sponsorship

B. Reciprocal

C. Personal Selling

D. Barter

<u>Answer:</u>

This approach to product placement is known as:Reciprocal

<u>Explanation:</u>

Reciprocal marketing defines a condition in which two businesses support each other to obtain a bilateral benefit. Reciprocal marketing transpires when companies accept to barter each others' goods or services or when a firm does something "free" for clients and a portion of these consumers reciprocate by purchasing from that company.

An essential and frequently employed reciprocal marketing method that is marketing to the client preferably than business to business are free propositions. The means this acts is that your business contributes to a "freebie" to inherent buyers.

4 0
3 years ago
Runnin' Wild Family Fun Center bought new go-karts for its recreation facility. The useful life is 6 years. The go-karts had a t
yan [13]

Answer:

The payback period in years is closest to;

B). 3.00

Explanation:

<em>Step 1: Determine the total cost of the go-kart</em>

Using the expression;

Total cost=purchase cost+annual depreciation×number of years

where;

purchase cost=$5,100

assume annual depreciation=0

number of years to payback=n

replacing;

Total cost=5,100+(0×n)=5,100

<em>Step 2: Total cash inflows</em>

Total cash inflows=(1,700×n)=1,700 n

<em>Step 3: Determine payback period</em>

Equate total cost to total cash inflows

5,100=1,700 n

n=5,100/1,700

n=3

The payback period in years is closest to 3 years

3 0
4 years ago
A business becoming incorporated is an example of risk ____.
kap26 [50]

<span>A business becoming incorporated is an example of risk management.</span>

When a business becomes incorporated it is trying to protect the assets of the company. By assessing and making a risk management decision to become incorporated they are protecting themselves and the company as a whole. 

7 0
3 years ago
When should you use the "Reply All" function when replying to an email?
Orlov [11]
Reply all?..............
5 0
3 years ago
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