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
elena-s [515]
3 years ago
8

The unadjusted trial balance at the end of the year includes the following: Accounts Receivable $98,000 Allowance for Doubtful A

ccounts 1,000 Both accounts have normal balances. The company uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $5,800. What is the amount of Bad Debt Expense to be recorded for the year
Business
1 answer:
Step2247 [10]3 years ago
6 0

Answer:

$4,800

Explanation:

Data provided as per the question

Uncollectible receivables = $5,800

Allowance for Doubtful Accounts = $1,000

The computation of Bad Debt Expense is shown below:-

Estimated Uncollectible receivables - Allowance for doubtful accounts as per aging analysis

= $5,800 - $1,000

= $4,800

Therefore we assume credit balance for accounts for doubtful allowance.

You might be interested in
In this module, you learned about the risks or costs associated with financial goals. What are the risks or costs associated wit
trasher [3.6K]

Answer with Explanation:

My goal is to start a business totally based on a new idea with great potential to influence the lives of the people of America. For this I had worked on a startup idea for couple of years and continuously reforming it.

The biggest risks associated with this goal is funding problems, business risks, market research, innovation issues and Software designing issues.

Now these are some risks that I face but I overcome these challenges by:

Risks                        Solution

Funding Risk:           By presenting my startup idea on a international                                                     competition by writing business proposal based on well researched market, product innovation and the financial prospect of the business. There are numerous accelerator programs operated by the state and other organizations that encourage startups and helps with numerous facilities. So I will also present my idea here to secure funding from a wider number of investors.

Business Risks:        Giving special considerations to business risks and their mitigation strategies.

Innovation:               The products will be innovative enough to generate handsome amount of profit and must be capable of giving tough time to its competitors.

Market Research:     The best performing businesses know who their customers are and what they are desiring from them. So market research would capable of identifying my potential customers and that it must be representative of the sample taken.

Software Designing: The software design must be user friendly and must effectively resolve users issues. Furthermore, it must be continuously updated with better features and friendly functioning.

3 0
3 years ago
At the end of year 1, Rome Inc. held debt securities classified as available-for-sale securities. The securities were carried at
KiRa [710]

Answer:

The historical cost of the debt securities available for sale was $69,670.

Explanation:

Market value of the securities = $57,320

Cumulative unrealized Loss = $12,350

Historical cost of the securities held for sale = Market Value of the Securites + Cummulative unrealized losses

Historical cost of the securities held for sale = $57,320 + $12,350

Historical cost of the securities held for sale = $69,670

Securities Held for sale are recorded at the fairmarket value and its losses are accumulated. By adding cummulative losses of security to Maerket value of security we can calculate historical cost of the security.

8 0
3 years ago
Which of the following is not true about a community college
Ivenika [448]

Answer:

tuition is typically less and it does not earn any degree or certificate

7 0
2 years ago
Read 2 more answers
Present and Future Values for Different Periods:
DiKsa [7]

Answer:

1. $636

2. $674.16

3. $566.04

4. $534

Explanation:

PV = FV ÷ (1 + r/n)^(t × n)........(1)

PV = present value

FV = Future value

r = rate per period

t = number of years

n = number of compounded period per year

FV = P(1 + r/n)^(t×n)...............(2)

FV = Future value

P = principal

r = rate per period

n = number compounded period per year

t = number of year

NO 1.

P= $600

t = 1

n = 1

r = 6% = 0.06

Using equation 2

FV = 600(1 + 0.06/1)^(1 × 1) = $636

NO 2

P = $600

n = 1

t = 2

r = 0.06

Using equation 2

FV = 600(1 + 0.06/1)^(2 × 1) = $674.16

NO 3.

FV = $600

r = 0.06

t = 1

n = 1

Using equation 1

PV = 600 ÷ (1 + 0.06/1)^(1 × 1) = $566.04

NO 4.

FV = $600

r = 0.06

n = 1

t = 2

Using equation 1

PV = 600 ÷ (1 + 0.06/1)^(2 × 1) = $534

8 0
3 years ago
Which of the following statements are reasons why operations management is important?
mafiozo [28]

Answer: D. All of these are reasons why operations management is important.

Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.

Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.

7 0
2 years ago
Other questions:
  • Which of the following is a subsystem of computers providing access to the Internet and offering multimedia and linking capabili
    8·1 answer
  • Define what the income statement reports by completing the following sentence: The income statement describes a company's Blank
    8·1 answer
  • The first time Jena visited Blue Corals Inn, a restaurant in her neighborhood, she was delighted with the food and service quali
    12·2 answers
  • You should assume that emails not addressed to you are ______.
    9·2 answers
  • In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending
    14·1 answer
  • How do our social networks impact our buying behavior? What is the impact for marketers?
    11·1 answer
  • A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate. the cost to order napkins is $200.00 per
    9·1 answer
  • On January 1, year 8, Crimson Corp., a closely held corporation, issued 5% bonds with a maturity value of $90,000, together with
    5·1 answer
  • businesses, especially e-businesses, often collect data about their customers, the individuals and organizations with which they
    10·1 answer
  • A marketing strategy that enhances the shopping experience for experiential shoppers is called ________.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!