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mr_godi [17]
2 years ago
10

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $640,000. th

e allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts has a credit balance of $35,000 at the beginning of 2018 and $22,500 in receivables were written off during the year as uncollectible. also, $1,500 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 10% to accounts receivable at the end of the year. required: 1. prepare journal entries to record the write-off of receivables, the collection of $1,500 for previously written off receivables, and the year-end adjusting entry for bad debt expense. 2. how would accounts receivable be shown in the 2018 year-end balance sheet
Business
1 answer:
morpeh [17]2 years ago
3 0

Maybe spread these out more

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Can a server be too attentive to their patrons? Explain.
Vedmedyk [2.9K]
Yes, hovering over customers can make them feel uncomfortable in, for example, having a conversation because of another set of ears listening and constantly being interrupted
3 0
2 years ago
Blake Mycoskie started a shoe business known as TOMS. As a social entrepreneur, Mr. Mycoskie takes the concept of ______________
Vinil7 [7]

As a social entrepreneur, Mr. Mycoskie takes the concept of corporate social initiative to a new level.

Corporate social initiative is when a corporate company tries to bring social awarenss through their volunteer efforts, bussinesses that benefit soceity and much more. TOMS donates a pair of shoes to a third world country each time a pair is bought. This is a way to help their economies and those living in them by giving back.

6 0
2 years ago
When the interest rate on a bond is​ ________ the equilibrium interest​ rate, in the bond market there is excess​ ________ and t
Talja [164]

Answer:

The correct answer here is A) above, demand , fall.

Explanation:

Whenever the interest rate on bond is more or above the equilibrium's rate of interest , then this means there is excess demand for the bond in the market and since this excess demand for bond will lead to decrease in the interest rate of the bond, while if the situation was opposite ( excess supply in market ) the interest rate would have risen.

8 0
2 years ago
A retail company sells products such as agricultural produce and consumer products. The company procures materials from farmers
mojhsa [17]

Answer:

Inbound logistics

Explanation:

Inbound logistics is the process of obtaining raw materials, and other goods and services, to the firm, while outbound logistics is the process of delivering the final goods and services from the firm to the customers.

In this case, the retail company is engaging in inbound logistics because it is procuring the raw materials from local farmers. Once these materials reach the firm, it can transform them into the agricultural produce and consumer produce that it sells.

5 0
3 years ago
XYZ Company makes one product and has calculated the following amounts for direct labor: AH x AR = $84,000; AH x SR = $83,000; S
Molodets [167]

Based on the various cost rates and hours for XYZ Company, the labor efficiency variance is $2,000 unfavorable

<h3>What is the labor efficiency variance?</h3>

This can be found as:

= (Actual hours x Standard rate) - (Standard hours x Standard rate)

Solving gives:

= 83,000 - 85,000

= $2,000 unfavorable

Find out more on the labor efficiency variance at brainly.com/question/27404735

#SPJ1

5 0
1 year ago
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