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Natali5045456 [20]
3 years ago
13

Use the following information for calendar year 2020: Accounts receivable, January 1 $125,000 Credit sales during the year 1,400

,000 Allowance for doubtful accounts, January 1 15,000 Cash collected on accounts receivable during the year 1,350,000 If the allowance for doubtful accounts is estimated at 10% of the ending accounts receivable balance, what is the bad debts expense for 2020
Business
1 answer:
Aloiza [94]3 years ago
6 0

Answer:

See below

Explanation:

Given the information above, first we need to compute ending balance of account receivables.

Ending balance of account receivables = Beginning balance + Credit sales - Customer's account collected - Write off amount

= $125,000 + $1,400,000 - $1,350,000 - $0

= $175,000

The year end balance in the allowance for uncollectible account would be

= $175,000 × 10%

= $17,500

Now, the bad debt expense

= Year end balance of allowance for uncollectible account - Beginning balance of allowance for doubtful accounts + Written off

= $17,500 - $15,000 + $0

= $2,500

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beks73 [17]

Answer:

very few hierarchical levels

Explanation:

According to my research on different company organizational structures, I can say that based on the information provided within the question Herman Miller is most likely an organization that has​ very few hierarchical levels. This is since it is mentioned that the employees are placed in teams that are not higher or lower in rank from one another, but at the same time there is still a boss of the company. Therefore there are hierarchical levels but they are extremely few.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Why is it important to people with disabilities to get an adapted drivers license?
Harrizon [31]
<span>When people with disabilities get an adapted driver's license, they become better able to independently function and contribute to society. This feeling facilitates successful self-actualization. An adapted drivers license will also alert government officials, whenever necessary, of any special precautions necessary when aiding these drivers in tasks related to their disability, and in providing proper accommodations as such.</span>
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3 years ago
Outback Steakhouse wants to expand its line of food products. The managers sent surveys to customers to determine which food ite
Anettt [7]

Answer:

Letter e is correct. Idea generation.

Explanation:

Outback through customer survey seeks to identify which items meet the needs of your target audience so you can expand your food product line. The Outback Idea Generation technique is a technique used by companies to achieve the innovation needed to develop new activities and organizational improvements, as well as to solve problems and opportunities more efficiently and systematically.

3 0
3 years ago
A vendor makes a new smartphone and presells four thousand units for $300 each. The factory has the capacity to produce one thou
Oksanka [162]

Answer:

2. Limited supply would increase the price

Explanation:

In the given case the vendor sells in advance four thousand units for $300. While the installed capacity of the factory being to produce 1000 smartphones every month.

Expected sales being 500 units per month.

During the first few months, since the seller has already successfully sold 4000 smartphone units, high demand for the smartphones is evident.

Since the supply is limited to 1000 units only in a month and the quantity demanded being more as is evident by 4000 units being pre sold, during the initial phase, this would create a high demand.

And since the supply is limited, the seller will have to increase the price as the demand is lot more.  

7 0
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A perfectly competitive firm a. has a perfectly inelastic demand. b. has a perfectly elastic supply. c. Answers A and B are corr
den301095 [7]

Answer:

b

e

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

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