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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:

Recall is enhanced because the audience keeps the reference material.

Explanation:

The advantage of using multimedia slides is that they enhance recall because the audience keeps the reference material. They are cheap to update and easy to use. They also always work well with other equipment and programs. A strong benefit of the multimedia slides is that it takes advantage of the brain's ability to process and connect both verbal and visual representations of any content, which leads to a better understanding of the presentation.

5 0
3 years ago
Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures wer
dalvyx [7]

Answer:

9.61%

Explanation:

Computation for the weighted-average interest rate

Using this formula

Weighted-average interest rate=Total Interest amount /Total Principal amount

Particular Principal Interest

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10%, 4-year note payable $3,308,700 $330,870

Total $5,396,700 $518,790

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Let plug in the formula

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Weighted-average interest rate=0.0961*100

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Therefore Weighted-average interest rate is 9.61%

8 0
3 years ago
An example of an intermediate good will be:
OlgaM077 [116]

Answer:

b. steel purchased by the aircraft manufacturers.

Explanation:

An intermediate good is a producer good or semi-finished  good that is used as an input in the production process in the manufacturing of other goods such as finished goods. An example of an intermediate good in the options given above will be steel that is purchased by the aircraft manufacturers. Steel is a partly finished good used in producing aircraft, as a final or finished good.

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2 years ago
Justin deposits $4,000 into an IRA account that earns an annual interest rate of 6.5%. If he makes no additional deposits, how m
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Answer:

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Explanation:

The future value at the end of the year one can be found by using the compounding formula which is as under:

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Future Value  = $4,000 * (1.065)^ 1 = $4,260

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When I am in a conflict that I am not passionate about, it is seen as gracious to sometimes nothing because it did not hurt me in any way because first and foremost, it is not my concern to start of. Conflicts maybe hard but as long as I am not affected, it does not matter.

8 0
3 years ago
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