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oksian1 [2.3K]
2 years ago
10

On December 31, the Accounts Receivable ending balance is $80,000. Assume that the unadjusted balance of Allowance for Uncollect

ible Accounts is a debit of $500 and that the company estimates 7% of the accounts receivable will not be collected. The amount of bad debt expense recorded on December 31 will be:
Business
1 answer:
kkurt [141]2 years ago
7 0

Answer:

$6,100

Explanation:

Calculation to determine what The amount of bad debt expense recorded on December 31 will be:

Using this formula

Bad debt expense=(Estimated % of accounts receivable*Accounts Receivable ending +balance)+Unadjusted balance of Allowance for Uncollectible Accounts

Let plug in the formula

Bad debt expense=(7%*$80,000)+$500

Bad debt expense=$5,600+$500

Bad debt expense=$6,100

Therefore The amount of bad debt expense recorded on December 31 will be:$6,100

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“the team scored fewer goals per game than 75% of the teams in the league”

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Agent Higgins helps Mrs. O'Malley to enroll in AB Medicare Advantage (MA) plan during the Annual Open Enrollment Period. Mrs. O'
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3 years ago
We can say that the allocation of resources is efficient if
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When allocation of resources is efficient, it means that the total surplus is maximised because the price that is being charged is the same as the equilibrium price that is required.

At this point, all participants in the market will be better off which means both producers and consumers will be better off.

6 0
3 years ago
E-commerce offers entrepreneurs an opportunity to _____
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E-commerce offers entrepreneurs an opportunity to <u>utilize the</u><u> interactive </u><u>nature of the</u><u> Internet</u><u> to help their businesses grow.</u>

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<h3><u>What Exactly Is Electronic Business (E-Business)?</u></h3>

Ecommerce is the name given to companies and individuals who conduct business online. E-commerce can operate in a range of market sectors and be performed on computers, tablets, cellphones, and other smart devices. Nearly any product or service imaginable is now available through e-commerce transactions, including books, music, airline tickets, and financial services like stock trading and online banking. It is considered a very disruptive technology result.

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But e-commerce websites also have some disadvantages. The negatives include:

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Learn more about E-commerce with the help of the given link:

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7 0
1 year ago
Suppose that a stock gave a realized return of 20% over a two-year time period and a 10%
KengaRu [80]

Answer:

Option (D) 16.57%

Explanation:

Data provided in the question:

Realized gain

r₁ = 20%

r₂ = 20%

r₃ = 10%

Now,

Geometric average = [(1+r_1)\times(1+r_2)\times...\times(1+r_n)]^{\frac{1}{n}} - 1

here,

n = 3

therefore,

Geometric average = [(1+0.20)\times(1+0.20)\times(1+0.10)]^{\frac{1}{3}} - 1

or

Geometric average = [1.584]^{\frac{1}{3}} - 1

or

Geometric average = 1.1657 - 1

or

Geometric average = 0.1657

= 0.1657 × 100%

= 16.57%

7 0
2 years ago
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