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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.

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My name is Ann [436]

Answer:

b. There would be both a human and economic loss.

Explanation:

In the case when the illiteracy was more and 40% of the children left the school so early that they didnt complete their education so here the result should be that there should be 2 losses i.e. human and economic loss as the children does not have any kind of knowledge so they would not get the job so easily

Therefore the option b is correct

8 0
3 years ago
Consider a household consisting of four college friends. The friends have made a commitment to live together for the next five y
noname [10]

Answer:

  • move
  • none are tied

Explanation:

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The right-most column shows the net increase in value of moving to Miami for each of the householders. Bonnie achieves so much more value that her net value outweighs the rather significant hit in value that Donna experiences.

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<em>Comment on democracy</em>

A decision based on net value does not account for the rather significant cost to Donna. If the household values mental health and interpersonal relationships, the fact that one member suffers badly from the move should be enough to sway the decision against it.

5 0
3 years ago
When both parties to a contract are mistaken as to the same material fact either paarty can rescind the contract?
crimeas [40]
I took this question already, so if it was 
<span>
Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.

It would be "True"

</span>
6 0
3 years ago
Shelley’s Salsa produces and sells organic salsa. Last year it sold 3 million tubs of salsa at a price of $3 per tub. For last y
Murrr4er [49]

Answer: Option B

Explanation:

A. Explicit cost are the cost paid to others in return of their service. Hence Option A is incorrect.

B. Revenue is the total amount of earnings a company have before deducting for expenses. Hence Option B is correct.

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6 0
3 years ago
A decrease in the wage rate of pizza makers will cause a movement from Point B on supply curve Upper S 2 to ______________.
xenn [34]

Answer:

D. supply curve Upper S 3

Explanation:

8 0
3 years ago
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