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
Savatey [412]
3 years ago
9

An aging of a company's accounts receivable indicates that $8400 are estimated to be uncollectible. If Allowance for Doubtful Ac

counts has a $3800 credit balance, the adjustment to record bad debts for the period will require a:_____.
1. debit to Bad Debts Expense for $1,800.
2. debit to Bad Debt Expense for $2,200.
3. credit to Allowance for Doubtful Accounts for $3,000.
4. debit to Bad Debts Expense for $2,000.
Business
1 answer:
Trava [24]3 years ago
8 0

Answer:

Debit to Bad Debts Expense for $4,600

Explanation:

Based on the information given we were told that the company's accounts receivable shows the amount of $8400 which was estimated to be uncollectible which means that If Allowance for Doubtful Accounts has the amount of $3800 as credit balance, the adjustment to record bad debts for the period will require a Debit to Bad Debts Expense for $4,600 calculated as

Bad Debts Expense=Accounts receivable-Allowance for Doubtful Accounts

Bad Debts Expense=$8,400-$3,800

Bad Debts Expense=$4,600

You might be interested in
Erin collides her 940-kg Mazda Miata into the rear of a 2460-kg pick-up truck which was at rest at the light on Lake Avenue. The
BigorU [14]

Answer:

3.46 m/s

Explanation:

This is actually a Physics question and not a Business question.

According to the property of conservation of momentum, the speed of the Mazda before the collision multiplied by the mass of the Mazda must equal the speed after the collision multiplied by the mass of both cars:

m_1v_1=(m_1+m_2)*v_2\\940*12.5=(940+2460)*v_2\\v_2= 3.46\ m/s

The post-collision speed of the two entangled cars is 3.46 m/s.

4 0
3 years ago
The total fixed overhead variance is:a. the difference between actual and budgeted fixed overhead costs. b. the difference betwe
kondaur [170]

Answer:

a. the difference between actual and budgeted fixed overhead costs.

Explanation:

As we know that

The variance is shows the difference between the actual amount and the budgeted amount or estimate amount

So, the total fixed overhead variance is the difference between the actual fixed overhead costs and the budgeted fixed overhead costs i.e to be fixed in nature

Hence, the first option is correct

3 0
3 years ago
Malcolm (37) is a U.S citizen
Natali [406]

Answer: good for him

Explanation:

7 0
3 years ago
At AgroCorp, each owner has unlimited liability for the debts of the business. It has several business units that focus on many
Rus_ich [418]

Answer:

general partnership

Explanation:

General partnership -

It refers to the condition , where the business is run by two or more individuals , who merges their shares , in order to run the business , it is referred to as a general partnership .

All the partner have equal rights on the profit ,loss , and all the financial decisions and income tax .

There are unlimited liability , and any of the partner can be sued for any type of business debts .

Hence , from the given scenario of the question ,

The correct term is general partnership  .

4 0
3 years ago
Toronto-based Mercedes-Benz Canada, with a network of 55 dealers, did not know enough about its customers. Dealers provided cust
frutty [35]

<u>Explanation:</u>

Mercedes-Benz adopts a method where the dealers are the only contact with the customers and company has failed to communicate with the customers directly.

Customer Relationship Management (CRM) is a tool that can be utilized by the company for easier day to day work. The information can be kept up to date which is easy to import, export and apply statistics to find information. The information can be accessed by Mercedes from anywhere. It helps to connect with the customers.

Another tool Partner Relationship Management (PRM) is used to connect with partners. The tasks can be scheduled and performance can be managed. Information and report details can be shared with the help of CRM and PRM from dealers and partners with Mercedes.

6 0
3 years ago
Other questions:
  • Which of the following will result in the recognition of gross income?
    11·1 answer
  • According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity of the product d
    15·1 answer
  • Julie has worked for the healthy nut bread company for several years. recently, management recognized her as one of the company'
    9·1 answer
  • Turquoise and Topaz Sisters had retained earnings of $10,000 on the balance sheet but disclosed in the footnotes that $2,000 of
    12·1 answer
  • The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000 that reaches maturity in 10 years. The bond cert
    8·1 answer
  • Can Europe's debt crisis be contained?
    14·1 answer
  • Flexible exchange rate systems are calculated according to
    7·2 answers
  • A teacher instituted a new reading program at school. after 10 weeks in the​ program, it was found that the mean reading speed o
    9·2 answers
  • An administrative (office) employee earns an annual salary which, when divided by total hours worked during the year, is the equ
    9·1 answer
  • How much will a company's net operating income change if it undertakes an advertising campaign given the following data: Cost of
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!