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strojnjashka [21]
2 years ago
13

thompson corparations unadjusted trial balance includes the following balances assume normal balance accounts reciavable 1,865,0

00 allowance for doubtfull accounts 35,000 bad debts are estimated to be 6% of outstadning recievables what amount of bad debt expense will the company record
Business
1 answer:
mylen [45]2 years ago
6 0

Answer: $76900

Explanation:

The following information can be deduced from the question:

Accounts receivable = $1,865,000

Allowance for doubtful debts = $35000

Estimated bad debt = 6% × $1,865,000 = $111900

The amount of bad debt expense that the company will record will be:

= Estimated bad debt - Allowance for doubtful debts

= $111900 - $35000

= $76900

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hammer [34]

Answer:

$49,000

Explanation:

Missing<em>"Cash Event => Cash Paid for Salaries Second Number => _____ __?___, ______ ______ ______"</em>

<em />

Cash paid for salaries (using direct method)

Particulars                                                           Amount

Opening salaries payable                                  $5,000

Add: Salaries expense for the current year      $57,000

Less: Closing salaries payable                           <u>$13,000</u>

Cash paid for salaries during current year     <u>$49,000</u>

4 0
3 years ago
Daves Inc. recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) T
inn [45]

Answer:

9.315%

Explanation:

The computation of WACC is shown below:-

But before that we need to do the following calculations

PV -$1,000

PMT 80

N 20

FV $1,000

Compute IY 8%

After tax cost of Debt = Before tax cost of debt × (1 - tax rate)

= 8% × (1 - 25%)

= 6%

According to the CAPM,

Cost of Equity =Risk free Rate + (Beta × Market Risk Premium)

= 4.5% + (1.2 × 5.5%)

= 11.10%

Weight of Equity = 100% - 35%

= 65%

WACC = (Weight of Equity × Cost of Equity) + (Weight of debt × Cost of debt)

= (65% × 11.10) + (35% × 6)

= 9.315%

8 0
3 years ago
What refers to analysis of environmental impacts of products from the design stage through end-of-life?
max2010maxim [7]

Answer: Life cycle assessment

Explanation: Life cycle assessment is the systematic analysis of environmental impacts of products from design stage through end-of-life, raw materials and energy inputs to its disposal with the ultimate goal to reduce environmental impact. It is concerned with every stage of the life-cycle (from raw material extraction, processing of raw materials, production, distribution, usage and disposal) of a product, process, or service.

6 0
2 years ago
The Goldfarb Company manufactures and sells toasters. Each toaster sells for $24.45 and the variable cost per unit is $16.65. Go
Tasya [4]

Answer:

$67860

Explanation:

sell price of each toaster= $24.45

variable cost per unit= $16.65

total fixed cost= $25,700

number of unit sold x= 8700

the formula for contribution margin is

= sales price- variable cost

= (s-v)x

putting values we get

= (24.45-16.65)\times8700

= $67860

Hence the contribution margin the above case will be $67860

8 0
3 years ago
Your stuby unit notes that relationships, carrers, and education are all processes. which of the followingstatements best explai
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The answer is C. life situations are always changing
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2 years ago
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