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Slav-nsk [51]
4 years ago
14

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $309,000 and $600 (credit) in Allowance for U

ncollectible Accounts. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 5% of accounts receivable. Bad debt expense for the year should be:
Business
1 answer:
MissTica4 years ago
5 0

Answer:

Bad debt expense  $ 14.850

Explanation:

Initial Balance    

Accounts Receivable  $ 309.000  

Allowance for Uncollectible Accounts  $ 600  

Should be 5% of the Accounts Receivables    

Allowance for Uncollectible Accounts  $ 15.450

We must calculate the difference between the actual balance and the must be balance.

Adjustment entry

Bad debt expense  $ 14.850  

Allowance for Uncollectible Accounts  $ 14.850

END Balance    

Accounts Receivable  $ 309.000  

Allowance for Uncollectible Accounts  $ 15.450  

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The ________ reflects the opportunity costs of spending funds now versus achieving a return through another investment, as well
algol [13]

The Discount rate reflects the opportunity costs of spending funds now versus achieving a return through another investment, as well as the risks associated with not receiving returns until a later time.

Explanation:

The discount rate relates to the interest rates on loans that the Federal Reserve Bank borrows from central banks and financial institutions through the commercial bank loan mechanism.

The rate of barriers, financial assets and discount rates are all equal. The next best potential investment option with a comparable risk profile wins the rate of returns. The word ' opportunity expense' is a clear and generic concept that can be used any day of the day.

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3 years ago
Choose the statement about ITQs that is correct.
melomori [17]

Answer:

D.  When ITQs are​ used, no one has an incentive to cheat and exceed the quota.      

Explanation:

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The equilibrium for the ITQ price is the difference between the <em>marginal social benefit</em> and the marginal cost. With the base marginal private cost becoming the marginal social cost, no one has the incentive to exceed the quota, as that would make the marginal cost go higher than the price, and the marginal profit lower. This notion creates the equality between self-interest and social interest.

4 0
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vitfil [10]
A analytical and b interpersonal
6 0
4 years ago
Read 2 more answers
Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to
liubo4ka [24]

Answer:

B) options-based planning

Explanation:

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tekilochka [14]

Answer:

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