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
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.

You might be interested in
Which of the following about economic freedom is true?a. Low income countries that have adopted institutions and policies consis
MAXImum [283]

Answer:

Correct answer is (a)

Explanation:

Low income countries that have adopted institutions and policies consistent with economic freedom have grown rapidly

When the country policies are congruent and consistent, the institutions tends to be stable and in turns gross development increases geometrically.

8 0
3 years ago
Canada's gdp – that canadians have the eleventh-best standard of living. a nation's – is a better standard-of-living indicator,
ludmilkaskok [199]
<span>Canada's GDP does not indicate that Canadians have the eleventh-best standard of living. A nation's per capita GDP is a better standard-of-living indicator, because it measures average income. Using this measure, it looks like Canada has a better standard of living than all but one other nation.
</span>
<span>GDP per capita is the PPP value of all final goods and services produced within a country in a given year divided by the average population. </span>
7 0
3 years ago
Abeis typically scheduled to operate 3machines at his workstation for 10 hours per day, 4 days per week. During every 10 hours o
Vanyuwa [196]
A sis is a drug 4 days is me 10 hours
4 0
3 years ago
Howard Inc. had prepaid rent of $79,000 and $88,000 at the end of Year 1 and Year 2, respectively. During Year 2, Howard recorde
vichka [17]

Answer:

the Cash outflows for rent in Year 2 is $253,000

Explanation:

The computation of the Cash outflows for rent in Year 2 is shown below:

Prepaid rent at year 2 $88,000

Add: rent expense $244,000

Less: prepaid rent in year 1 -$79,000

Cash outflows for rent in year 2 $253,000

Hence, the Cash outflows for rent in Year 2 is $253,000

7 0
3 years ago
Reengineering is all of the following EXCEPT: 1. Sometimes suspected to be used to justify downsizing. 2. Gradual and systematic
Otrada [13]
<h2>Gradual and systematic</h2>

Explanation:

Re-engineering:

  • The meaning of re-engineering is redesigning of business process
  • This is done to achieve drastic improvement in the business.

Option 1: Sometimes the re-engineering downsize.Downsize means "making size smaller".

Option 2: This option is right since "Gradual and systematic" is not followed in "re-engineering".

Option 3: Since it is a redesign, the outcome of the plan sometimes threaten the employees

Option 4 & 5: If the process is successful then the reward is for sure.

5 0
3 years ago
Other questions:
  • Maria is a user who belongs to the Sales distribution global group. She is not able to access the laser printer that is shared o
    9·1 answer
  • Why must you repeat steps three and four in the scientific method?
    13·1 answer
  • Stevens Company's inventory on March 1 and the costs charged to Work in Process—Department B during March are as follows:
    10·1 answer
  • What is said to exist when total demand equals total supply in a transportation problem? an equilibrialized problem a balanced p
    11·1 answer
  • The ________ department is where the advertising is developed from idea to ad. It involves copywriting, graphic design, and ofte
    15·1 answer
  • France's thomson electronics combined with china's tcl to form tcl-thomson electronics. thomson owns 33% and tcl owns the remain
    12·1 answer
  • In a meeting, after hearing a member describe a problem to be addressed, all other members of the group first wrote down ideas a
    12·1 answer
  • discuss how a large food retailer , with many shops could effectively communicate corporate objectives to it's workforce ​
    9·1 answer
  • A type of pricing strategy we’re in the same product being sold at a different place but have different price
    15·1 answer
  • Which two main categories can an organization fall into that would require them to comply with hipaa rules?.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!