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Karolina [17]
3 years ago
10

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $45,000. If the

balance of the Allowance for Doubtful Accounts is a $6,000 credit before adjustment, what is the amount of bad debt expense for that period
Business
1 answer:
Liula [17]3 years ago
4 0

Answer:

$39,000

Explanation:

Estimated uncollectible account is $45,000

The balance of allowance for doubtful account is $6,000 credit before the adjustment

Therefore the amount of bad debt expense for that period can be calculated as follows

= $45,000-$6,000

= $39,000

Hence the amount of bad debt expense for that period is $39,000

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True or false a study with a larger sample is more likely than a smaller study to get the result that p < 0.05
Romashka [77]
When a p-value is greater than 0.05, this tends to indicate statistical significance. In general, a larger sample size increases statistical significance, so I would say "true."
6 0
3 years ago
(Ignore income taxes in this problem.) Latting Corporation has entered into a seven-year lease for a building it will use as a w
zaharov [31]

Answer:

C. $26,689.46

Explanation:

Computation of the present value is

Annual payment × (PVIFA of 7 years, 6%)

Where PVIFA = (1-(1+r)^-n)/r

Where n= Number of period

r= Rate applied

PVIFA = 5.5824 (Kindly check attached picture for explanation

= $4,781 × 5.5824

=$26,689.46

5 0
3 years ago
Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of op
Mars2501 [29]

Answer:

Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.

Explanation:

Operations management involves <u>planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.</u>

An operations manager works with managers in other organizational functions to <u>improve the overall productivity in the organization.</u>

He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.

4 0
3 years ago
The continuous review system is used to manage inventory associated with independent demand, while the periodic review system is
Assoli18 [71]

Answer:

FALSE

Explanation.

Periodic inventory is a practice of inventory count that takes stock every week or month while 'continuous inventory' constantly tracks inventory levels mostly through a computerized method so that stock levels. are always known.

It is not very correct that the continuous review system is used to manage inventory associated with independent demand, while the periodic review system is used to manage inventory associated with dependent demand because most often, it is the nature of inventory that determines the method to be used and not the type of demand

Continuous inventory keeps a constant track of quantities; and is more appropriate for small unit items that could be too numerous for physical count because they are bought in large quantities. e.g. supermarkets

Periodic inventory has to be done with big items that are not too numerous like automobiles, televisions, houses and sets of furniture.

8 0
4 years ago
Susan bought a new sweater on sale for dollar 28.93.she was charged HST of 13%.find the total amount of her bill including taxes
Leya [2.2K]

Answer:

The answer is 32.69$.

Explanation:

The Sale price of sweater was $28.93, to add 13% HST we need to multiply 28.93 by 13 % & add 28.93 to it.

8 0
3 years ago
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