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Aliun [14]
3 years ago
7

For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an a

llowance for uncollectible accounts of $89,500 and $2,700, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $410,000 and $414,000, respectively, and $2,940 in accounts receivable were written off. Rahal's accounts receivable at December 31, 2021, are:
Business
1 answer:
ziro4ka [17]3 years ago
4 0

Answer:

$3,860

Explanation:

The balance in the account Allowance for Doubtful Accounts is expected to be the projected amount in receivables of the company that will not be converting to cash.

Therefore to calculate final balance of allowance for doubtful balance

Beginning balance                                                                 2700

Bad debt expense (410000*1%)                                            4100

Less: Written off                                                                   -2940

Ending balance                                                                    3860

So answer is $3,860

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Answer:

_______   architecture utilizes processes of designing, construction, operation, maintenance, and removal that have been carefully planned to have the smallest footprint.

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Explanation:

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3 years ago
The following information was reported by Young's Air Cargo Service for 2017: Net fixed assets (beginning of year) $ 1,860,000 N
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1.56

Explanation:

Data provided in the question:

Net fixed assets (beginning of year) = $1,860,000

Net fixed assets (end of year) = $2,280,000

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Net income for the year = $1,600,000

Now,

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Also,

Average total assets

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= [ $1,860,000 + $2,280,000 ] ÷ 2

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= $3,230,000 ÷ $2,070,000

= 1.56

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Firm A's demand for a product is 15 units per month. Its supplier charges an ordering cost of $5 per order and $10 per unit with
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Annual ordering cost=$32.142

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Annual ordering cost = Annual demand/order quantity × ordering cost per order

Annual demand = 15 × 12 = 180 units

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Annual Ordering cost = 180/28 ×  $5= $32.142

Annual ordering cost=$32.142

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3 years ago
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