1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
My name is Ann [436]
3 years ago
6

Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entri

es, there is a $400 debit balance in allowance for doubtful accounts. What is the net realizable value of accounts receivable
Business
1 answer:
Mnenie [13.5K]3 years ago
8 0

Answer:

$97,600

Explanation:

First, we need to get the value for uncollectible in accounts receivable

= 2% Multiplied by balance in accounts receivable as uncollectible

= 2% × 100,000

= $2,000

We will then subtract the balance above which is the uncollectible from the accounts receivable

= $100,000 - $2,000

= $98,000

The net realizable value would the be ;

= $98,000 - $400

= $97,600

You might be interested in
. Fixed costs are costs that remain the same in total dollar amount as the activity base changes. vary with the costs of the act
Phoenix [80]

Fixed costs are costs that remain the same in total dollar amount as the activity base changes. vary with the costs of the activity. Read below on fixed costs.

<h3>What are fixed costs?</h3>

Fixed costs are costs that remain the same in total dollar amount as the activity base changes. Cost per unit changes inversely to changes in the activity base. Total cost remains the same regardless of changes in the activity base.

Therefore, the answer is option A. vary with the costs of the activity.

learn more about fixed costs: brainly.com/question/3636923

8 0
2 years ago
State any four uses of funding in a new business
miss Akunina [59]

Answer:

Some of these funding options are for Indian business, however, similar alternatives are available in different countries.

  • Bootstrapping your startup business
  • Crowdfunding As A Funding Option
  • Get Angel Investment In Your Startup
  • Get Venture Capital For Your Business
7 0
3 years ago
Vijay Inc. purchased a three-acre tract of land for a building site for $350,000. On the land was a building with an appraised v
alexandr402 [8]

Answer: b) $364,090

Explanation:

The Capitalized cost of the land would be the costs incurred to acquire the land and to set it up.

Capitalized cost = Purchase price + demolition of old building + title insurance + attorney fees + property taxes(for period since purchase) - scrap value

= 350,000 + 11,700 + 810 + 540 + (3,000 - 350) - 1,610

= $364,090

3 0
3 years ago
Is working at hobby lobby as a cashier hard
mojhsa [17]
Working at Hobby Lobby is like working at any other retail store. People ask where things are, you'll probably have to clean once in a awhile but it's fun and looks great on resumes for the future. Also, if you do work there, you probably won't be doing just the register.
6 0
3 years ago
If your procurement budget request did not provide for buying a whole number of useable end items, this would be a violation of
Valentin [98]

Answer:

Full funding policy.

Explanation:

This would be a violation of Full funding policy.

Full funding strategy is a federal budgeting requirement implemented by Congress in the 1950s on the Department of Defense (DOD) that mandates all acquisition expenses of a weapons or piece of military equipment to be financed in the year the object is procured. Hence in the above example there is violation of Full funding strategy.

3 0
3 years ago
Other questions:
  • .If you employer gives you a raise that is equal to the inflation rate, then your real salary will have increased T/F
    6·1 answer
  • So what is economics?
    10·2 answers
  • Merry Maidens Cleaning generally charges $280 for a detailed cleaning of a normal-size home. However, to generate additional bus
    13·1 answer
  • Rodriquez Company budgeted the following sales in units: January 30,000 February 20,000 March 40,000 Rodriquez's policy is to ha
    6·1 answer
  • If the supply and demand curves for a product both decrease, then equilibrium
    5·1 answer
  • Write age and snap if your a girl if your a boy do the same and we can be friends if you want to
    11·1 answer
  • _____ is an integrated system that collects and processes data and manages and coordinates resources, information, and functions
    13·2 answers
  • Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard de
    7·1 answer
  • 1. Do you think the day will come when people no longer use cash? Why, or why not?
    10·1 answer
  • A(n) ________ is an organizational change that involves rethinking the nature of the business and the nature of the organization
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!