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Arlecino [84]
4 years ago
12

Vaughn Manufacturing unadjusted trial balance includes the following balances (assume normal balances): • Accounts Receivable $1

130000 • Allowances for Doubtful Accounts $23100 Bad debts are estimated to be 5% of outstanding receivables. What amount of bad debt expense will the company record?
Business
1 answer:
Andru [333]4 years ago
3 0

Answer:

$33,400

Explanation:

Given that,

Accounts Receivable = $1,130,000

Allowances for Doubtful Accounts = $23,100

Estimated bad debts:

= 5% of outstanding receivables

= 0.05 × $1,130,000

= $56,500

We simply deduct the allowance for doubtful accounts balance from the estimated bad debts to record the amount of bad debt expense.

Amount of bad debt expense will the company record:

= Estimated bad debts - Allowances for Doubtful Accounts

= $56,500 - $23,100

= $33,400

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3 years ago
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O. Computers can be used by people at all levels of an organization.

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3 years ago
A company's environment consists of both a microenvironment and a macroenvironment — forces outside of marketing that affect a m
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The correct answer would be like,

Micro Environments: A, C, D

Macro Environments: B, E, F

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Micro environment includes forces that are close to the company.

Macro environment includes larger societal factors that affect the micro environments and the company.

In option A, it is told that schools are encouraging students to bring smartphones and tabs to the class. This would be a micro environmental factor.

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4 0
3 years ago
XYZ Corp. has filled 100,000 purchase orders during its existence. 1,100 of the purchase orders have had errors. Using an empiri
cluponka [151]

Answer:

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Explanation:

Calculation to determine what the probability of the next purchase order having an error is using

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Using this formula

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Let plug in the formula

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Probability=0.011*100

Probability=1.1%

Therefore using an empirical probability the probability of the next purchase order having an error is 1.1%

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3 years ago
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