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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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Creative task performance involves employee responses to task demands that are novel, unusual, or, at the very least, unpredicta
VladimirAG [237]

Answer:

False

Explanation:

Creative task performance represents the degree or extent to to which persons or employees come up with original, new and usual responses to task demands. That part of the question is true.

However, the false part is the unpredictability aspect because adaptive task performance is the type of performance which is also unusual, new and original but is at the very least unpredictable.

The question therefore combined the features of both creative and adaptive task performances. Therefore, the answer is false

8 0
3 years ago
If the price elasticity of demand for a product equals 1, as its price rises the:______
Allisa [31]

Answer:

c. total revenue does not change.

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

Mathematically, the price elasticity of demand is given by the formula;

Price \; elasticity of demand = \frac {Percentage \; change \; in \; quantity \; demanded}{Percentage \; change \;  in \; price}

The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.

Generally, consumers would like to be buy a product as its price falls or become inexpensive.

For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.

If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.

5 0
2 years ago
You expect KT industries (KTI) will have earnings per share of $4 this year and expect that they will pay out $1.75 of these ear
melisa1 [442]

The value of a share of KTI's stock today is closest to 9.5% , 0.004375 .

Explanation:

Investment Investment (ROI) is an investment performance metric used to evaluate or compare the success of a variety of investment operations.

In addition to the spending price, ROI aims to explicitly calculate the make value of a single project.

g = retention rate

ROI = 0.75*13% = 9.5%,

Price = 1.75/(0.10-0.0975) = 0.004375

5 0
3 years ago
All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______
mihalych1998 [28]

Answer:

A) Accounting for bonds and notes under US GAAP and IFRS is similar.

Explanation:

US GAAP and IFRS do not have the same accounting guideline for bond issue cost:

Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.

5 0
2 years ago
The identify options step in the operational risk management (orm) process includes implementing engineering, administrative, an
stiks02 [169]
The correct answer for this statement would be TRUE. In the Operational Risk Management or ORM, this involves the careful decision making and should be systematic when managing  hazards that endanger naval resources and one of the steps is implement controls which include engineering c<span>ontrols, administrative controls, and personal protective equipment. Hope this helps.</span>
5 0
3 years ago
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