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faust18 [17]
2 years ago
14

Kirov, Inc. reports credit sales of $200,000 for the year ending December 31, 2015. The year- end unadjusted balance of its Allo

wance for Doubtful Accounts is a debit of $9,000 Experience suggests 6 percent of its net sales will be uncollectible. The amount that should be debited to Bad Debt Expense and credited to Allowance for Doubtful Accounts in its year- end adjusting entry is
A. $3,000
B. $21,000
C. $9,000
D. $12,000
E. $23,000
Business
1 answer:
Korvikt [17]2 years ago
4 0

Answer:

D. $12,000

Explanation:

Allowance for Doubtful accounts = Credit sales * Rate

Allowance for Doubtful accounts = $200,000 * 6%

Allowance for Doubtful accounts = $12,000

                       Allowance for doubtful account

Particulars                                            Particulars

Balance brought forward  $9,000     Bad debts       $12,000

Balance carried forward    $3,000  

Total                                    $12,000    Total               $12,000

Therefore, the amount to be debited to Bad debts and credited to Allowance for Doubtful accounts is $12,000.

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$ 7.5 million

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7 0
3 years ago
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Alliance Company's budgets production of 39,000 units in January and 43,000 units in the February. Each finished unit requires 4
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Answer:

The correct answer is 160,800 pounds.

Explanation:

According to the scenario, the computation of the given data are as follows:

Budget production in Jan = 39,000 units

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So, total raw material needed = 39,000 × 4 pounds = 156,000 pounds

Beginning inventory = 46,800 pounds

Ending inventory = (43,000 × 4 pounds ) × 30% = 51,600 pounds

So, Budgeted material needed = Total raw material + Ending inventory - Beginning inventory

= 156,000 + 51,600 - 46,800

= 160,800 pounds

8 0
3 years ago
Mandy wants to mention detailed information about her hobbies, personal qualities, strengths, and professional achievements in a
dalvyx [7]

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Career portfolio I think

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6 0
3 years ago
The quantity of coffee sold fell sharply last month, while the price remained the same. Five people suggest various explanations
ra1l [238]

Answer:

Sam: Supply decreased, but demand was perfectly elastic.

Explanation:

Sam is right because the only possible explanation is that the demand is perfectly elastic and the supply decreased. When the price elasticity of demand is perfectly elastic, the demand curve is completely horizontal. Since the price of coffee remained the same, that means that the quantity demanded will decrease only if the supply of coffee decreased.

7 0
3 years ago
compare how the total amounts of e-waste generated, e-waste disposed of as trash, and e-waste recycled have changed over time. b
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The overall amount of e-waste generated steadied or slightly dropped, while the amount of e-waste recycled continuously grew.

<h3>What is meant by e-waste?</h3>

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Electronic items that are nearing the end of their "useful life" are sometimes referred to as "e-waste." Common electronic products include computers, televisions, VCRs, stereos, copiers, and fax machines. Numerous of these items can be recycled, repaired, or reused.

Between 2010 and 2013, the overall amount of e-waste generated steadied or slightly dropped, while the amount of e-waste recycled continuously grew.

To learn more about e-waste refer to:

brainly.com/question/15549433

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6 0
1 year ago
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