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juin [17]
2 years ago
10

At the end of the current year, using the aging of receivable method, management estimated that $24,750 of the accounts receivab

le balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $675. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense
Business
1 answer:
mihalych1998 [28]2 years ago
7 0

Answer:

Dr Bad Debt Expense $25,425

Cr Allowance for Doubtful Accounts $25,425

Explanation:

Based on the information given the appropriate adjusting entry should the company make at the end of the current year to record its estimated bad debts expense will be

Dr Bad Debt Expense $25,425

Cr Allowance for Doubtful Accounts $25,425

($24,750+$675)

(To record estimated bad debts expense )

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Answer:

Click-through rate

Explanation:

In the context of Web marketing, the click-through rate is computed by dividing the number of clicks an ad gets by the total impressions bought.

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2 years ago
Evergreen Corporation has two major​ divisions: Agricultural Products and Industrial Products. It provides the following informa
olya-2409 [2.1K]

Answer:

= 12.5%

Explanation:

<em>Profit margin ration is the the percentage of sales that a business earns as profit. In the context of a division, the higher the figure, the better and  the more profitable the operation of the division. The profit margin ratio is computed as follows:</em>

Profit margin ratio =  Net operating profit/ Sales× 100

Industrial profit margin ratio

Net operating margin - 218,000

Net Sales - 1,750,000

Profit margin ratio

= 218,000/1,750,000  × 100

= 12.5%

3 0
2 years ago
Read 2 more answers
When partners representing multiple jurisdictions or agencies work together to establish the Internet objectives, what type of c
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In a Unified Command, members representing multiple jurisdictions and agencies work together to establish: the Internet objectives.

<u> Explanation:</u>

When  two or more persons shares the incident commander role is a Unified Command authority structure in an Incident Command System. It is a way for carrying the commanding activities by which the agencies and jurisdictions that are responding will be working altogether for the establishment of internet objectives.

When there exists incidents having many jurisdictions and agencies that this type of command is very essential. The persons sharing the authority will be working together without affecting the responsibilities and authority of the agencies individually.

3 0
3 years ago
Bill Schultz works at a high power investment firm in Los Angeles. Bill is responsible for promoting the firm's vision and creat
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Answer:

Strategic level

Explanation:

Bill is at the strategic level of the organisational pyramid. He is responsible for allocating the resource of the organisation and taking decisions on behalf of the owners. Bill is at the strategic level because he is also required to make a strategic decision and goals for the company.  The strategic level of management is one of the important parts of any organisation, as the strategic performance of the company relies heavily on strategic management.

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2 years ago
Problem 3-38 (LO 3-2, LO 3-3)Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. I
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Answer:

Explanation:

1) After tax cost = pre-tax cost * (1-t) = 31000*(1-37%) = $19530

After tax cost  = $19530

2)

Tax savings = 31000*37% = 11470

Present Value of Tax Savings = 11470*0.952 (1 Year, 5 percent) = $10919

After cost = 31000-10919 = $20081

7 0
2 years ago
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