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
icang [17]
3 years ago
13

At the beginning of 2017, Yummy Cupcakes, Inc. has the following ledger balances: Accounts Receivable $40,000 (Debit) Allowance

for Bad Debts $5,000 (Credit) During the year, credit sales amounted to $820,000. Cash collected on credit sales amounted to $750,000, and $16,000 has been written off. Yummy Cupcakes uses the aging-of-receivables method to record bad debts expense. The estimate of uncollectible accounts was $29,000. The ending balance in the Allowance for Bad Debts is ________.
Business
1 answer:
snow_lady [41]3 years ago
8 0

Answer:

The ending balance in the Allowance for Bad Debts is $29,000

Explanation:

The computation of the ending balance in the Allowance for Bad debts is shown below:

=  Estimation of the uncollectible accounts

= $29,000

As for calculating the bad debts expense, the business organization has to do an estimate based on this, the company could create the allowance for bad debts.  

The other information which is given in the question is not relevant. Hence, ignored it

You might be interested in
During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manuf
Usimov [2.4K]

Answer:

debit to Manufacturing Overhead of $65,000

Explanation:

Manufacturing overhead cost are those that are shared to different processes that do not contribute directly to product being manufactured.

For example raw materials is a direct contributor to goods, while labour is a overhead cost that indirectly contributed to the good.

On the given scenario it is the actual amount incurred that will be debited to the books of the company.

So there will be a debit to Manufacturing Overhead of $65,000

8 0
3 years ago
Jake is a sales representative for General Mills. Each week he uploads his plans for visiting clients out in the field to a rout
Darina [25.2K]

Answer: Minimizing non selling time

Explanation:

In personal selling the sales representative have to visit client to client, door to door and interact with customers with a good sales pitch. This requires a lot of time and resources. If managed effectively the sales rep. can save time and reach maximum number of customers in a short period of time.

7 0
3 years ago
You want to invest an amount of money today and receive back twice that amount in the future. You expect to earn 9 percent inter
Virty [35]

Answer:

The answer is 8 years

Explanation:

FV= PV(1+r)^n

Where

PV= let's assume PV is $100

FV = Since FV will be doubled, the we have $200($100 x 2)

n= ?

r= 9percent

Let us use the rule of 72 which states that an investment will double when:

Annual Investment Rate x Number of Years = 72.

Number of years = 72/9

= 8 years

The investment is doubled in 8 years at the rate of 9percent

5 0
3 years ago
Chief financial officer Barry submits travel and expense reports that are completely genuine and encourages employees in his div
Scorpion4ik [409]

Answer: A) Leading by example

Explanation:

Leading by example means to act in a way that shows others how to act. Barry has led by example by submitting travel and expense reports that are genuine. This will inspire his employees or subodinates to do same.

Leadership is not about talking the talk, this type of leaders also walks the walk. Leaders expect others to do the right thing by leading from example.

8 0
3 years ago
The housing market has come to a standstill and the government wants to encourage first-time home buyers to make housing purchas
leonid [27]
The first one I think interest aways make ppl second guess especially if it's high
7 0
3 years ago
Other questions:
  • Isabellas, Inc., a local convenience store, sells soft drinks. It sells two large drinks for every small drink. A large drink se
    12·1 answer
  • Coach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the
    14·1 answer
  • Market competition doesn't eliminate scarcity.<br><br> True<br><br> False
    10·2 answers
  • The difference between the current sales revenue and the sales at the break-even point is called the:a. price factor b. operatin
    14·1 answer
  • A security has an expected rate of return of 0.10 and a beta of 1.1. The market expected rate of return is 0.08 and the risk-fre
    11·1 answer
  • Pompeii, Inc., has sales of $53,500, costs of $24,400, depreciation expense of $2,600, and interest expense of $2,350. If the ta
    5·1 answer
  • Bavarian Sausage just issued a 10-year 12% coupon bond. The face value of the bond is $1,000 and the bond makes SEMIANNUAL coupo
    11·1 answer
  • Jude wants to receive $1,100 at the beginning of each of the next eight years. If his opportunity cost rate is 9 percent compoun
    13·1 answer
  • What do many economists blame for the severity of the great depression?
    10·1 answer
  • Match each organization and agreement with the phrase that best describes it.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!