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Wittaler [7]
2 years ago
7

Great Landscapes Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various ag

ed categories of accounts. The Great Landscapes Company computes a total of $3,600 in estimated doubtful accounts as of December 31, 2019. Its Accounts Receivable account has a balance of $112,800 and its Allowance for Doubtful Accounts has a credit balance of $600 before adjustment at December 31, 2019. How much bad debts expense will Great Landscapes report in 2019
Business
1 answer:
ANEK [815]2 years ago
7 0

Answer:

$3,000

Explanation:

Calculation to determine How much bad debts expense will Great Landscapes report in 2019

Using this formula

2019 bad debts expense =Estimated doubtful accounts-Allowance for Doubtful Accounts has a credit balance

Let plug in the formula

Bad debts expense=$3,600-$600

Bad debts expense=$3,000

Therefore The Amount of bad debts expense that Great Landscapes will report in 2019 is $3,000

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Accounting: A. measures business activities. B. is often called the language of business. C. processes data into reports and com
Anvisha [2.4K]

Answer: Is all of the above.

Explanation:

Accounting involves the process of taking accurate records of financial and non-financial activities of a business organization. Accounting is the language of business as it is needed for every business to succeed, also in accounting, records are kept that are useful in decision making.

7 0
3 years ago
Internal rate of return method The internal rate of return method is used by Testerman Construction Co. in analyzing a capital e
Eddi Din [679]

Answer:

Testerman Construction Co.

Internal rate of return method in analyzing capital expenditure:

Present value of expenditure = $149,630

Present of cash inflows annuity = $149,630 (using 20% discount rate and present value annuity factor of 3.3251 x $45,000)

NPV = $0 (PV of cash outflow - PV of cash inflow)

Therefore, the IRR = 20%

Explanation:

a) Data and Calculations:

Investment cost = $149,630

Annual net cash flows = $45,000

Investment period = 6 years

Annuity of future cash flows = 3.3251

b) Testerman’s IRR (Internal Rate of Return) is a capital budgeting and analysis tool which determines the discount rate that makes the present value of future inflows equal to the present value of outflows from a project.  This IRR helps the managers to determine the projects that add value and are worth undertaking.  IRR is based on assumptions.  Similar projects with the same IRR will differ in returns due to the differences in timing and the size of the cash, the amount of debts and equity used  to generate the returns, and the assumption of a constant reinvestment may which IRR makes.

7 0
3 years ago
What is the farthest thing in space we know about?
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That would be the galaxy called MACS0647-JD, Its a long name but If the distance estimate is correct, it formed about 427 million years after the Big Bang. Hope this helps!

5 0
2 years ago
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In discussions of barriers to entry, what is meant by the term "virtuous cycle"?
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He got killed by James ronald
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3 years ago
10. The assembly worker reached for an Allen wrench in the workplace, hesitating momentarily while searching for the correct siz
Yuri [45]

Answer:

Explanation:

The list can be seen below.

Sequ    Therblig     Therblig                 Description

ence     symbol       name

1          TE       Transport empty   \text{Reach for the Allen wrench in the workplace}

2          St         select                   \text{ Select the correct size}

3          G         Grasp                   \text {Grasp the Allen wrench}

4          TL       Transport loaded  \text{Pick up and move Allen wrench toward screw}

5          P         Position                \text{Position Allen wrench into hexogonal socket}

6          RL       Release               \text{Release grip on Allen wrench}

7          TE       Transport Empty \text{Move wrist and finger in preparation for turning}

8           U         Use                    \text{Twirl Allen wrench with one continuous motion}

9           TE       Transport empty \text{Reposition wrist and hand}

10          G         Grasp                 \text{Grip Allen wrench in preparation for tightening}

11           U          Use                  \text{Tighten screw with Allen wrench}

8 0
2 years ago
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