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
FromTheMoon [43]
2 years ago
6

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $302,000 and in Allowance for Uncollectible A

ccounts of $940 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. Bad debt expense for the year should be:
Business
1 answer:
marin [14]2 years ago
7 0

Answer:

$5,230

Explanation:

Account receivable balance = $310,000

Credit balance in allowance for uncollectible accounts = $970

Given percentage = 2%

So by considering the above information, the bad debt expense is

= Account receivable balance × given percentage - credit balance in allowance for uncollectible accounts

= $310,000 × 2% - $970

= $6,200 - $970

= $5,230

You might be interested in
The preferred method for situations involving strategic decision making, projects with a high degree of
Nataly_w [17]
I Found the answer on internet.

The preferred method for situations involving strategic decision making, projects with a high degree of UNCERTAINTY AND PROJECTS WITH AN UNSTOPPABLE SCOPE IS THE TOP-DOWN APPROACH. TOP DOWN APPROACH IS USED TO ESTIMATE PROJECT TIME AND COSTS.
5 0
3 years ago
Haya noticed that college students needed to dress up for presentations but never seemed to have any ties, or at least not very
RSB [31]

Her work could be considered data collection.

<span>Data collection is the logical approach of collecting and analyzing definite information to understand a specific area of interest. In this case, data collection enables Haya to answer relevant question about her customers and make predictions about possible trends.</span>

3 0
3 years ago
Alpha Corporation reported the following data for its most recent year: sales, $700,000; variable expenses, $490,000; and fixed
Arlecino [84]

Answer:

3

Explanation:

The computation of the degree of operating leverage is shown below:

= (Sales - Variable expense) ÷ (Sales - Variable expense - Fixed expense)

= ($700,000 - $490,000) ÷ ($700,000 - $490,000 - $140,000)

= $210,000 ÷ $70,000

= 3

The (Sales - Variable costs) = Contribution margin

The  (Sales - Variable costs - Fixed costs) = EBIT i.e Earnings before interest and taxes

6 0
3 years ago
For effective presentation slides, you should apply the 6-x-6 rule to most slides. The 6-x-6 rule means that:
Vlad [161]

Answer:

The answer is option B) The 6-x-6 rule means that each slide has no more than six words per line and no more than six lines.

Explanation:

Using slides to present has become a widespread practice for teaching, making a speech, giving an address, etc.

However, the effectiveness of the presentation is dependent on how clear the words projected on the screens are, the color coding as well helps for aesthetics.

The 6-x-6 rule helps to correct the error made by presenters whose slides are packed with too many words making their presentation ineffective.

For effective presentation slides, you should apply the 6-x-6 rule to most slides.

This presentation rule suggests that you should include no more than six words per line and no more than six bullet points per slide.

The goal is to keep your slide from being so dense and packed with information that people don't want to look at it

3 0
3 years ago
Refer to IT’s About Business 14.3 - Build Your Apps Yourself: You need to have technical knowledge as to how to build mobile app
TiliK225 [7]
The correct answer will be B. False









.
7 0
3 years ago
Other questions:
  • If GNP is​ $600 billion, receipts of factor income from the rest of the world are​ $50 billion, and payments of factor income to
    12·1 answer
  • If a country has a trade surplus, we can conclude that it also has:
    10·1 answer
  • How to make six thousand dollars fast
    8·2 answers
  • If the number of dollars needed to buy a representative basket of goods falls, the price level
    15·1 answer
  • Which of the following is recommended when paying a credit card bill?
    11·2 answers
  • Imagine that you work for a life insurance company. You are setting premiums for insurance based on life expectancy. Assuming yo
    13·1 answer
  • The promotional mix consists of:a. public relations, direct marketing, personal selling, and publicityb. advertising, personal s
    15·1 answer
  • A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6
    12·1 answer
  • what document explains your rights and responsibilities as a federal student loan borrower? your master promissory note your bil
    9·1 answer
  • ______ costs are costs that make customers reluctant to switch to another product or service. Multiple choice question. Producti
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!