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Dima020 [189]
3 years ago
13

In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of

$82,600. During the year, Dinty wrote off $30,400 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,310,000, and cash collections from credit customers totaled $1,920,000. What bad debt expense would Dinty report in its first-year income statement
Business
1 answer:
SashulF [63]3 years ago
6 0

Answer:

$113,000

Explanation:

Calculation to determine What bad debt expense would Dinty report in its first-year income statement?

Using this formula

Bad debts expense - Write-offs = Change in Allowance balance

Bad debts expense = Change in Allowance balance + Write-offs

Let plug in the formula

Bad debts expense=$82,600+$30,400

Bad debts expense=$113,000

Therefore the bad debt expense that Dinty would report in its first-year income statement is $113,000

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Answer: A) The United States felt if Europe was financially stable then communism would be less likely to spread.

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2 years ago
Who is better off: a person using credit cards or a person refraining from any loans?
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3 years ago
You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you can use as a down payment on
jeyben [28]

Answer:

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Explanation:

The computation is shown below:

a) PV of payments is

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5 0
3 years ago
A company produces 11,900 units of which 200 are spoiled units because the​ process, even though carefully and efficiently execu
Andre45 [30]

Answer:

Normal spoilage rate = 1.6978% (Approx)

Explanation:

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