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Ksivusya [100]
3 years ago
13

Bramble Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $220

000 and credit sales are $2210000. Management estimates that 5% of accounts receivable will be uncollectible. What adjusting entry will Bramble Corp. make if the Allowance for Doubtful Accounts has a credit balance of $4400 before adjustment
Business
1 answer:
hodyreva [135]3 years ago
4 0

Answer:

the adjusting entry:

Dr Bad debt expense 6,600

    Cr Allowance for doubtful accounts 6,600

Explanation:

accounts receivable balance = $220,000

total credit sales = $2,210,000

estimated uncollectible accounts = $220,000 x 5% = $11,000

allowance for doubtful accounts = $4,400 credit balance

bad debt expense = $11,000 - $4,400 = $6,600

Allowance for doubtful accounts is a contra asset account that reduces the carrying value of accounts receivable account, that is why its normal balance should be a credit balance.

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everyday, pepsi products are delivered to grocery stores, gas stations, vending machines, and restaurants in the united states a
Elis [28]

Every day, Pepsi products are delivered to grocery stores, gas stations, vending machines, and restaurants in the united states and locations around the world. to accomplish this task, pepsi must have an expedient to get its products from its source to the consumer in the supply chain.

<h3>What is Pepsi?</h3>
  • PepsiCo produces the carbonated soft drink known as Pepsi.
  • Caleb Bradham first invented and introduced Brad's Drink in 1893. In 1898, it was renamed Pepsi-Cola, and in 1961, the name was abbreviated to Pepsi.
  • Caleb Bradham created Pepsi at his drugstore in New Bern, North Carolina, where it was first sold in 1893 under the name "Brad's Drink".
<h3>What stands for Pepsi?</h3>
  • In 1893, Caleb Bradham created the first Pepsi beverage at his drugstore in New Bern, North Carolina, and sold it under the name "Brad's Drink."
  • In 1898, the drink's name was changed to Pepsi Cola in honor of the recipe's inclusion of kola nuts and the digestive enzyme pepsin.

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7 0
2 years ago
Organizations and activities that are close to the end customer in a supply chain are said to be _______, while organizations an
Alik [6]

Answer:

a. downstream; upstream

Organizations and activities that are close to the end customer in a supply chain are said to be downstream activities, while organizations and activities that are close to the supplier in the supply chain are said to be upstream activities.

Explanation:

Upstream activities are those activities which bring information, raw materials to your organization in order to turn them into finished goods. Anything coming inside of your organization is simply termed as upstream portion of your entire supply chain.

Whereas, anything which is going out of your organization is defied as the downstream activities, which are mostly finished products. It is the mechanism which helps you reaching your goods to the final consumers in an efficient way. Both upstream and downstream activities are very much important for any organization's supply chain. If managed properly, it can proved you with a sustainable competitive advantage which will be very hard for the competitors to meet.

6 0
3 years ago
Wei lives in Beijing where most consumers value thriftiness and perseverance, and relationships are gradually established with t
aleksley [76]

Answer:

d. long-term orientation

Explanation:

Based on the information provided within the question it can be said that this is an example of a culture high in long-term orientation . This term refers to placing all resources and focus on the long term future of something in order to make sure it lasts for as long as possible and provides great benefits far off in the future. Which is what the consumers in Beijing seem to value the most.

8 0
3 years ago
Suppose the government enacts a price floor on milk, which leads to a surplus in the market. How will the government then attemp
Anna [14]

Answer:

Price Floor led Excess Supply can be solved by : Preserving goods Buffer Stock ; or processing goods to increase their shelf life (in case of perishable goods like Milk)

Explanation:

Unregulated markets are at equilibrium where : market demand , market supply are equal ; and downward sloping demand curve , upward sloping supply curve intersect.

Price Floor is minimum mandated price set by government, below which a good can't be sold in the market. It is usually set above equilibrium price, to protect interest of sellers. Example : Minimum Support Price as minimum agricultural  goods price to protect interest of farmers, Given Milk Price floor case.

Price Floor creates artificially higher prices ; so increases supply, decreases supply & hence creates Excess Supply. Government can solve this excess supply by preserving stock supply for contingent times , eg -  maintaining buffer stock. If the good is of perishable nature, as given milk case : it should be processed further to increase its shelf life, eg - cheese, such that the stock supply can be released at a slower pace.

3 0
3 years ago
defined by miles as ""a requirement of the activities of one subunit that is affected by the activities of other subunits"" is a
nevsk [136]

A reliance is described by miles as ""a need of the behaviors of one member that is impacted by the operations of other subunits"".

<h3>What does a protein subunit do?</h3>

Amino acid single chains serve as the building blocks for multimeric PROTEINS. The subunits of multimeric proteins might be similar or dissimilar. A protomer is a subunit shape of a bigger assembly made up of one or maybe more monomeric subunits.

<h3>What number of subunits makes up a protein?</h3>

Each component is necessary for both life and RNase P action. Pop8p is the sole acidic protein with just a pI of 4.5, although Pop5p has a pI of 4.5. Of nine protein subunits, most of proteins are very basic at isoelectric points (pI) more than 9.

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7 0
1 year ago
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