1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Crazy boy [7]
3 years ago
8

Kingston Co. uses the percentage-of-receivables basis to record bad debt expense.

Business
1 answer:
Troyanec [42]3 years ago
4 0

Answer:

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $2,700

      To Allowance for doubtful debts $2,700

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)

= ($420,000 × 1%) -  ($1,500)

= $4,200- $1,500

= $2,700

You might be interested in
A company had a choice between Project X and Project Y. The net present value of Project X is $1,000,000, and the net present va
vekshin1

Answer:

The opportunity cost of that decision is - $250,000

Explanation:

For computing the opportunity cost, we have to use the formula of opportunity cost which is shown below:

= Return of project which is not chosen - the return of a chosen project

= $750,000 - $1,000,000

= - $250,000

Since in the question, it is given that the chosen project is X so we write the project X amount in the formula and the not chosen project of-course is Y.

Hence, the opportunity cost of that decision is - $250,000

8 0
3 years ago
A business takes raw inputs (such as bread and cheese ), processes them (prepares them on a grill), and converts them to outputs
kipiarov [429]

Answer:

A. Internal

Explanation:

Internal supply chain refers to the chain of activities within a company that concludes with providing a product to the customer. This process involves multiple functions within companies such as sales, production, and distribution.

Processing of the grilled cheese and bread fall under the production option, while sake of the sandwich falls under sales and distribution.

4 0
3 years ago
Read 2 more answers
Michael’s is considering a project that has projected sales of 4,200 units ± 5 percent, a sales price per unit of $50 ± 4 percen
julsineya [31]

Answer:

annual net income is $23077.25

Explanation:

Given data:

sales volume = 4200 units

selling price/units $50

variable cost/units $25

fixed cost is $45000

Total sales unit = 4200 + 5\% \times 4200 = 4410 units

selling price/unit = $50 + 4\%\times $50 = $52

variable cost/unit = $25- 5\%\times 25 = $23.75

fixed cost  = 45000 - 3\%\times 45000 = $43650

sales  =4410 \times 52 = $229320.00

variable cost  = 4410 \times 23.75 = 104737.5

difference = 229320 - 104737 = 124583

fixed cost = $43650

depreciation exchange = $11000

so total income prior to tax = 124583 - (43650 + 11000) =$ 69932.5

tax rate is 33%

so total income after tax is = 69932.5 \times .33 = $23077.725

4 0
3 years ago
Martha's grandfather put $2000 in a savings account for Martha's college fund when she was born. If the account pays three perce
seraphim [82]

Answer: $3,425

Explanation: Quarterly compounding periods for 18 years is 4 x 18 = 72 and the payment amount is $2,000.

2000 (1+.03/4)^72 = 3425.11

8 0
3 years ago
In addition to identifying the problem a product or service solves, a value hypothesis
Jobisdone [24]

An hypothesis is set to address a problem, value hypothesis should promote things like product features, pricing, customer feedback.

<h3>What is customer feedback?</h3>

Customer feedback are review of a product or service that is rendered or purchase by a customer.

It gives a clue of satisfaction derived from the product.

Therefore, value hypothesis should promote things like product features, pricing, customer feedback.

Learn more on customer feedback here

brainly.com/question/1286522

4 0
2 years ago
Other questions:
  • Using government regulations to limit the import of goods and services is called:
    13·1 answer
  • A survey by the World Bank indicates that of the companies surveyed; unfortunately, only 30 percent have board-approved policies
    10·1 answer
  • It is possible to use a decision making process for any decision.
    11·2 answers
  • En que quieres trabajar cuando seas grande Xd
    12·1 answer
  • Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. Prio
    5·1 answer
  • Consider a firm with a 2013 net income of $20 million, revenue of $60 million, and cost of goods sold of $25 million. If the bal
    12·1 answer
  • Give connotative meaning of hail​
    11·1 answer
  • During its first year of operations, Silverman Company paid $15,085 for direct materials and $10,200 for production workers' wag
    5·1 answer
  • Your college bookstore is responsible for the gathering, sorting, and dispersing of books required for a literature course on ca
    13·1 answer
  • Gdp is $8 trillion. if consumption is $5 trillion, investment is $1 trillion, and government purchases are $2 trillion, then:___
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!