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Alla [95]
2 years ago
12

Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, r

espectively. During Year 2, Allegheny wrote off $6,600 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $5,600. What amount will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement
Business
1 answer:
tatyana61 [14]2 years ago
6 0

Answer:

Uncollectible account expense  $8,600

Explanation:

The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:

Allowance account - Beg year 2    $3,600 Credit

Written off account   $6,600    Debited by

 Unadjusted balance in Allowance account  $3000  Debit

Adjusted balance required in Allowance account  $5,600  Credit

Uncollectible account expense  $8,600

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A bond that pays interest semiannually has a coupon rate of 5.44 percent and a current yield of 4.91 percent. The par value is $
Aleksandr [31]

Answer:

Results are below.

Explanation:

Giving the following information:

Cupon rate= 0.0544/2= 0.0272

YTM= 0.0491/2= 0.02455

The par value is $1,000

<u>We weren't provided with the number of years of the bond. I imagine for 9 years.</u>

<u>To calculate the bond price, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 27.2*{[1 - (1.02455^-18)] /0.02455} + [1,000*(1.02455^18)]

Bond Price​= 391.93 + 646.25

Bond Price​= $1,038.18

4 0
2 years ago
Since the acme global corporation closed six of its plants last year, employees at the other plants have been feeling a great de
Leya [2.2K]
This is called an occupational stress. <span> This comes from work, which is stress related.</span><span>
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7 0
3 years ago
Which measure of central tendency would a baseball manager be most likely to rely on in picking a pinch hitter in a tie game
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Answer:

mean

Explanation:

5 0
2 years ago
Select the correct answer.
Mademuasel [1]

Answer:

C.earning college credits in high school.

Explanation:

The other answers are all negative and in the question it says ''a benefit''.

Hope this helps! Please mark brainliest!

3 0
2 years ago
Read 2 more answers
Green design, sustainable packaging, waste management, and energy efficiency are aspects of the _________
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Green design, sustainable packaging, waste management, and energy efficiency are aspects of the technological segment of the general environment.

<h3>What is technological segment of the general environment?</h3>

The practice of creating physical items, the built environment, and services in accordance with ecological sustainability principles is known as "green design."

The creation and use of packaging that improves sustainability is referred to as sustainable packing. This entails a greater reliance on life cycle assessment (LCA) and life cycle inventory (LCI) to assist direct the use of packaging that has a smaller negative impact on the environment.

These elements are a part of the physical segment of the general environment that businesses have sought to address with environmental sustainability initiatives, along with energy efficiency (using alternative energy sources like solar, avoiding the use of oil to produce energy, and reducing the air footprint).

The technological area is focused on enhancing the goods and services offered by science. The rate at which new products are developed, the level of automation, and improvements in service industry delivery are a few examples of pertinent variables

The diversity of external elements that have an impact on an organization's performance and operation is known as the general environment, or macro-environment. These outside factors can decide whether a company encounters market opportunities or failures.

Hence, Green design, sustainable packaging, waste management, and energy efficiency are aspects of the technological segment of the general environment.

To learn more about General environment refer to:

brainly.com/question/14511315

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5 0
1 year ago
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