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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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Please help! I am using plato! :))
maria [59]

Answer:

training the users seems like the best option, actually

Explanation:

This phase is the <em>first</em> phase, so you'd have to make sure that the users know what they're doing, so you'd have to train them

6 0
3 years ago
Which of the following is false? a. ​ In the long run, demand curves become more elastic b. ​ Products with many complements hav
matrenka [14]

Answer:

d. ​ The demand for any individual brand is less elastic than industry aggregate demand

Explanation:

A consumer will change brand before leaving the market

as considering the consumer wants to maximize their utility it will always consume for that goal as the bran is a premium which provides utility as the price of that particular brand cuts form their competitors it will make the demad more elastic as i is cheaper to move toother suppliers

7 0
3 years ago
Which of the following statements is correct? Select one: a. Supply curve A is perfectly elastic. b. Supply curve C is more inel
natali 33 [55]

The following statement supply curve A is perfectly elastic and supply curve B is perfectly inelastic are correct.

Explanation:

If there is no response from demand to prices and supply curve is vertical then the supply is perfectly inelastic.If there is more change in demand and very less change in price and supply curve is horizontal then the supply is perfectly elastic.

If the elasticity is greater than one that indicates high change in price known as Elastic supply. if the Elasticity is less than one that indicates low change in price then it is said to be Inelastic supply.

6 0
3 years ago
A company that treats its resources, products, and people as transcending national boundaries is____ company, and it will hire a
never [62]

Answer: (A) Geocentric

Explanation:

 A geocentric company is one of the type of internal recruiting method where the national companies and the management looking for some good opportunities at very large scale.

The basic approach of the geocentric company is that it views the entire world the the form of single market and also developing the various types of standard marketing mix in the form of global market.

 According to the given question, when a company treat the products, people and the resources as the transcending boundaries is refers as the geocentric company. In this the companies recruiting the  

 Therefore, Option (A) is correct answer.

8 0
3 years ago
The transformation of an organization through the revitalization of the key ideas on which it is built is known as?
Irina18 [472]

The transformation of an organization through the revitalization of the key ideas on which it is built is known as self renewal.

<h3>What is meant by self renewal in business?</h3>

The term has to do with the dimension that is seen in a business through the renewal of the key ideas of the particular business. This is the change and redefinitions of the concepts of the business and the ways that it is organized.  It also has to do with the systems that would bring about innovations.

Hence we can say that The transformation of an organization through the revitalization of the key ideas on which it is built is known as self renewal.

Read more on transformation of organizations here: brainly.com/question/10783581

#SPJ1

7 0
1 year ago
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