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kogti [31]
3 years ago
10

The amount of uncollectible accounts at the end of the year is estimated to be $37,500, using the aging of accounts receivable m

ethod. The balance in the Allowance of Doubtful Accounts account is an $13,000 credit before adjustment. What is the adjusted balance of the Allowance for Doubtful Accounts at the end of the year
Business
1 answer:
ANTONII [103]3 years ago
5 0

Answer:

$37,500

Explanation:

Given that

Uncollectible amount os $37,500

And, the credit balance of the Allowance of Doubtful Accounts  is $13,000

Based on the above information

The adjusted balance of the allowance for doubtful accounts is equivalent to the uncollectible amount i.e. $37,500

The same is to be considered

hence, the answer is $37,500

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Third national bank has reserves of $20,000 and checkable deposits of $200,000. the reserve ratio is 10 percent. households depo
irga5000 [103]
Reserves - $20,000
Checkable Deposits - $200,000
Reserves Ratio - 10
Household Deposit - $15,000
Level of Excess Reserves - ?

Solution:
Checkable Deposits = $200,000 + $15,000 = $215,000
Required Reserves = 0.10 x $215,000 = $21,500
Excess Reserves = Actual Reserves - Required Reserves
= $35,000 - $21,500 = $13,500
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Explanation:

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Information on quarterly returns is usually material so we can expect it to be material here as well which means that the supervisor is engaged in insider trading.

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Fiedler's contingency theory of leadership suggests that leaders should be placed in leadership situations that best fit with th
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However, let say you're promoted from your post to another position to lead a team, it is possible that your followers will get bitter due to the fact that you're being promoted. In this case;

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Let assume that, your workers are working on a project and you're not present there as a team leader.

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