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Digiron [165]
4 years ago
8

Ana Co. uses the allowance method to account for bad debts. At the end of the period, Ana's unadjusted trial balance shows an ac

counts receivable balance of $40,000; allowance for doubtful accounts balance of $300 (credit); and sales of $500,000. Based on history, Ana estimates that bad debts will be 2% of accounts receivable. The entry to record estimated bad debts will include a debit to bad debts expense in the amount of:A. $800 B. $1.100 C. $10.000 D. $9,700 E. $10,900 F. $500.
Business
1 answer:
Gnom [1K]4 years ago
7 0

Answer:

F. $500

Explanation:

At the end of the period, accounts receivable balance of $40,000

Bad debts are estimated: 2% x $40,000 = $800

Before adjusting, allowance for doubtful accounts balance of $300 (credit) and the company uses the allowance method to account for bad debts. Therefore,

Bad debts expense = $800 - $300 = $500

The entry will be made:

Debit Bad debts expense $500

Credit Allowance for doubtful accounts $500

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Because of its highly efficient and low-cost distribution system, walmart has a ____ advantage over kmart.
nikklg [1K]

Because of its highly efficient and low-cost distribution system, walmart has a <u>"Sustainable competitive" </u>advantage over kmart.


Sustainable competitive advantages are required for an organization to flourish in todays worldwide condition. Value investors look for organizations that are deals. Keeping in mind the end goal to abstain from acquiring an esteem trap one of the variables we scan for is sustainable competitive advantages.

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4 0
4 years ago
The complementary nature of economic flows internationally, whereby imports stimulate exports and vice versa, is called ________
kvv77 [185]
The complementary nature of economic flows internationally, whereby imports stimulate exports and vice versa, is called trade feedback effect and is one argument for free trade among nations. <span>The trade feedback effect denotes the tendency for an increase in the economic activity of one country to lead to a worldwide increase in economic activity, which then feeds back to that country.</span>
4 0
4 years ago
Which of the following is NOT true? (Present values are calculated from the end of the life of the option to the beginning.) A.
galina1969 [7]

Answer:

A.An American put option is always worth less than the present value of the strike price

Explanation:

Put option refers to a stock market instrument which gives the holder an option to sell an asset at an agreed price on or before a particular date.

Each contract covers around 100 shares for stock options.

An American call option provides the holder with the right to purchase an asset, while a put option provides the holder an option to sell it.

A European option can be implemented only at the expiration date of the option and an American option can be implemented  at any time before the expiration date.

An American put option is always worth less than the present value of the strike price.

So, option A. is correct

6 0
3 years ago
A nonapeptide was determined to have the following amino acid composition: (Lys)2, (Gly) 2, (Phe) 2, His, Leu, Met. The native p
Darya [45]

Answer:

His-Leu-Phe-Gly-Lys-Lys-Phe-Met-Gly

Explanation:

An amino acid is an organic compound that contains a carboxylic group and amino groups. The amino acid is commonly used as a building block for a typical protein. There are different amino acid compositions in a given protein. The amino acid composition of the nonapeptide given in the problem is shown above.

7 0
3 years ago
A TV manufacturer offers warranties on its new TV sales. During December 2004, TV sales totaled $205,000. Past experience shows
klemol [59]

Answer:

Date                    Account Title                                        Debit              Credit

Dec 31, 2004     Warranty expense                             $6,150

                           Warranty Liability                                                    $6,150

Explanation:

First calculate the warranty expense:

= TV sales total * Warranty expense averages

= 205,000 * 3%

= $6,150

This will be credited to the Warranty liability account to reflect that the company potentially owes $6,150 in warranty expenses to people who purchased TVs.

8 0
3 years ago
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