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hoa [83]
3 years ago
8

As of January 1, 2021, Chelsea Co. had a balance of $520,000 in its allowance for uncollectible accounts. Based on experience, 2

% of Chelsea's credit sales have been uncollectible. During 2021, Chelsea wrote off $650,000 of accounts receivable. Credit sales for 2021 were $18,000,000. In its December 31, 2021 balance sheet, what amount should Chelsea report as allowance for uncollectible accounts?
Business
1 answer:
VARVARA [1.3K]3 years ago
7 0

Answer:

Chelsea should report $230,000 as allowance for noncollectable accounts

Explanation:

Allowance in beginning = $520,000

Allowance needed for 2021 sales = $18,000,000 x 2% = $360,000

Total allowance balance before write off = $880,000

Less: write off = $ 650,000

Allowance balance at year end = $520,000 + $360,000 - $650,000

                                                    = $230,000

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kondaur [170]

Answer:

coaching Joe rather than helping him

Explanation:

Coaching is a process where a more experienced person teaches a learner achieve a goal by giving guidance and training.

Helping is when a person assists another to do a job that is their responsibility.

In this scenario Sharon Baricivic has provided Joe with guidance by offering advice, encouragement, and instructions. So he is coaching him.

However, she has been careful to let Joe do all of the actual work he is assigned, even if he struggles a bit.

So she is not helping Joe do his work, but rather letting him do it even if it means him struggling a bit.

5 0
3 years ago
Girls between the ages of 8 and 15 years are one of the growing markets for high-end shoe manufacturers, and podiatrists say the
trapecia [35]

Answer:

ethical

Explanation:

Based on the information provided within the question it can be said that the companies who do this are not operating at an ethical responsibility level with regards to the pyramid of corporate social responsibility. This is mainly because they know that their products are causing lasting negative effects on the individuals who they are marketing too and still continue to do so in order to make a profit, this is nowhere near being ethical.

If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
You can learn everything you need to know about a company during an interview.
Airida [17]

Answer:

I think it would false hope this helps

6 0
3 years ago
Read 2 more answers
Qualities of useful accounting information​
Bad White [126]

Answer:

Understandability.

Relevance.

Consistency.

Comparability.

Reliability.

Objectivity.

6 0
2 years ago
If GNP is​ $600 billion, receipts of factor income from the rest of the world are​ $50 billion, and payments of factor income to
exis [7]

Answer:

$580 billion

Explanation:

Given that

GNP = $600 billion

Receipts of factor income from the rest of the world = $50 billion

Payments of factor income to the rest of the world = $30 billion

So, The computation of the GDP is shown below:

= GNP - Receipts of factor income from the rest of the world + Payments of factor income to the rest of the world

= $600 billion - $50 billion + $30 billion

= $580 billion

5 0
3 years ago
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