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ella [17]
3 years ago
11

Plus Company uses the estimate of receivables method of accounting for uncollectible accounts. Plus Co. estimates that $4412 of

accounts receivable at December 31, 2013 will be uncollectible. At the beginning of the year, on January 1, 2013, the Allowance for Bad Debts had a credit balance of $3284. During 2013, Plus Co. wrote off Accounts Receivable totaling $1826 and made credit sales of $114579. After the adjusting entry is posted, the December 31, 2013 balance in Allowance for Bad Debts would be ______.
Business
1 answer:
Darina [25.2K]3 years ago
3 0

Answer:

$4,412

Explanation:

If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.

That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.

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If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay? A. You might get secured credi
klasskru [66]

Answer:

The correct option is C

Explanation:

When the person who co- sign for a credit card of a friend, then the person will be in a danger of lowering its own credit score if the person's friend fails to pay for the payment.

Credit score is a expression in terms of numerics grounded on the level analysis of the credit files of the person and also represent the credit worthiness of the person. It is used by lenders for determining who qualifies for the loan and for credit limits.

7 0
4 years ago
Read 2 more answers
Both the medical model and the public health model have in common:
STALIN [3.7K]
<span>Both the medical model and the public health model have in common a desire to educate people about their health, healthy options, and consequences of not paying attention to health issues. The medical model may, at times, include too much information for some to understand the bottom-line, while the public health model may be watered down in an attempt to reach the masses.</span>
5 0
3 years ago
Machines, materials, and money are all considered to be:
Leto [7]
Machines, materials and money are all considered to be factors of production. The correct option among all the options given in the question is option "D". For any kind of production on a large scale to be successful, money is highly important. With that money the materials needed for production can be bought and machines will help in large scale production. So all the three are interconnected. 
6 0
3 years ago
Praveen Co. manufactures and markets a number of rope products. Management is considering the future of Product XT, a special ro
valentina_108 [34]

Answer:

1a. 3,000 units

1b. $1,050,000

2. See attachment.

3. contribution margin income statement

Sales  ($350 × 7,000 units)                            $2,450,000

Less Variable Cost  ($245 × 7,000 units))     ($1,715,000)

Contribution                                                       $735,000

Less Fixed Costs                                              ( $315,000)

Operating Profit                                                 $420,000

Explanation:

Break-even point (sales units ) = Fixed Cost ÷ Contribution per unit

                                                   = $315,000 ÷ ($350 - $245)

                                                   = 3,000

Break-even point (sales dollars) = Fixed Cost ÷ Contribution Margin Ratio

                                                     = $315,000 ÷ ($105/$350)

                                                     = $1,050,000

4 0
3 years ago
Consumers have broad but somewhat vague stereotypes about specific countries and specific product categories that they judge "be
Furkat [3]

Answer:

American chocolate

Explanation:

In the field of psychology, a 'stereotype' is defined as a general belief about a certain type or category of people.

The consumers around the world have some different stereotypes about some specific countries and some specific products that they judged to be the 'best'. Such an item which does not fit best in the stereotype scheme is 'American chocolate.'

The American chocolate have a different taste than others. It is tangy and is slightly sour. It is lighter. So some people have a different perception or stereotype for this item.

Thus the answer is 'American chocolate.'

3 0
3 years ago
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