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Alenkasestr [34]
3 years ago
13

Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $440,000; Allowance for Doub

tful Accounts has a credit balance of $4,000; and sales for the year total $1,980,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $14,800.
Required:
a. Determine the amount of the adjusting entry for uncollectible accounts.
b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.
c. Determine the net realizable value of accounts receivable.
Business
1 answer:
lina2011 [118]3 years ago
6 0

Answer: See explanation

Explanation:

a. The amount of the adjusting entry for uncollectible accounts will be:

= Estimated balance required in Allowance account - Unadjusted balance existing in Allowance account

= $14800 - $4000

= $10800

b. The adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense will be:

Account receivables = $440,000

Allowance for Doubtful accounts = $14,800

Bad Debt expense = $10800

c. The net realizable value of accounts receivable will be:

= Account receivables - Allowance for Doubtful accounts

= $440,000 - $14800

= $425200

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The answer choice which is <em>not one of the specialties</em> in the property management include:

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<h3>Property management </h3>

Property management refers to all the processes which are involved in the handling, the organization, the leasing and management of a piece of property, usually by a realtor.

<h3>Concierge services</h3>

With this in mind, we can see that concierge services includes the coordination of the guests in a lodging by making reservations and bookings and everything else which makes the customer service better and this is <em>NOT a specialty</em> in property management.

Therefore, the correct answer is option C

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Gloria thinks that she is paid less than other workers in her division and feels extremely resentful. She starts taking long bre
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Answer:

d. distributive.

Explanation:

Gloria feels she is not treated fair in terms of pay she receives. She believes that there is injustice and unfairness in provision of salary. This is referred to as distributive injustice. Gloria is believes that she is facing distributive injustice so she is angry and is wasting time during office work. She is not motivated towards her work. She is demotivated and feels lazy because she feels there is unfairness in distribution of salary payment.

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Why do you think it’s important to conserve natural resources? What can you do to preserve resources?
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If the economy starts below full employment, an expansionary fiscal policy will shift the aggregate demand curve from _____ to _
MrRissso [65]

The expansionary fiscal policy will shift the aggregate demand curve from <u>AD0</u> to <u>AD1</u> and equilibrium will move from point <u>a</u> to <u>b</u> if the economy starts below full employment.

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Its means when an the short-run real gross domestic product is lower than that same long-run potential real gross domestic product.

Hence, the economic situation will elicit a policy of expansionary fiscal which will affect the aggregate demand graph.

Therefore, the aggregate demand curve from <u>AD0</u> to <u>AD1</u> and equilibrium will move from point <u>a</u> to <u>b</u> if the economy starts below full employment.

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A company's marginal revenue function is MR=150−8x1/3, where x is the number of units. Find the revenue function. (Evaluate C so
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Answer:

R(x) = 150x - 6x^{4/3}

Explanation:

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6 0
3 years ago
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