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wel
3 years ago
15

For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an a

llowance for uncollectible accounts of $86,500 and $2,100, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off. Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is:_________
Business
1 answer:
Naddik [55]3 years ago
3 0

Answer:

$80,160.

Explanation:

An account receivable is lawfully enforceable cases for installment, held by a business for the products provided and benefits that clients/customers have requested yet not paid for.

According to Rahal's autos noncollectable accounts and the amount they received in the following year. Rahal's collectible accounts on December 31, 2021, is

86,500 + 404,000 - 408,000 - 2,340

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Answer:

$25,760,000

Explanation:

The net amount of decrease and increase of cash a business or individual owns.

To find the proper cash flow amount used as the initial investment in fixed assets, use the following:

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3 years ago
The state of Montana is preparing to buy a large quantity of frozen orange juice for use in a large school district. Citrus Swee
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E.

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3 years ago
How much notice does the Worker Adjustment and Retraining Notification
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Explanation:

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For trade to be advantageous, Leanderland should obtain at least 9 pretzels for the 4 chips.

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