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kolezko [41]
3 years ago
14

Under the allowance method for estimating uncollectible accounts, the entry to write off an account:

Business
2 answers:
Effectus [21]3 years ago
7 0

\huge\red{answer}

DEBIT TO ALLOWANCE for Doubtful Accounts and a credit to Accounts Receivable.

===========================================

When a specific customer's account is identified as uncollectible, it is written off against the balance in the allowance for bad debts account.

HOPE IT HELP

STAY SAFE

STUDY HARD

tekilochka [14]3 years ago
3 0

\large\rm\color{Brown}Answer:

Debit to allowance for Doubtful Accounts and a credit to Accounts Receivable.

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Walter builds birdhouses. He spends $5 on the materials for each birdhouse. He can build one in 30 minutes. He is semi-retired b
gavmur [86]

Answer:

$15

Explanation:

Accounting profit is calculated as revenue less total cost.

Accounting profit = Revenue - Cost

$20 - $5 = $15

An accountant calculates accounting profit.

3 0
3 years ago
On December​ 31, Mercury Corporation has the following data​ available:
galben [10]

Answer:

37.25%

Explanation:

Average total common stockholders' equity:

= (Beginning common​ stockholders' equity + Ending common​ stockholders' equity) ÷ 2

= ($530,000 + $490,000) ÷ 2

= $510,000

Return on Equity = Net income ÷ Average total common stockholders' equity

                            = $190,000 ÷ $510,000

                            = 0.3725

                            = 37.25%

3 0
3 years ago
Marie, a salesperson, uses a variety of statements and questions while trying to sell products to prospective buyers. She design
Thepotemich [5.8K]

Answer:

Option "C" is the correct answer to the following situation.

Stimulus Response Selling

Explanation:

Stimulus-Response Strategy- A marketing strategy that depends on the salesperson's freedom to say the right thing stimuli to get a favorable response from the buyer's answer, also referred to as the Canned Method because a template is widely used.

Marie uses a combination of statements and questions when trying to sell goods to potential buyers and tries to construct statements and questions so that the prospective buyer can receive beneficial responses.

4 0
3 years ago
At May 1, 2020, Sheridan Company had beginning inventory consisting of 190 units with a unit cost of $7.30. During May, the comp
s2008m [1.1K]

Answer:

$6.71 per unit

Explanation:

The computation of average cost method is given below:-

Beginning Inventory

= 190 units × $7.30

= $1,387

Purchases

= 720 units × $7.30

= $5,256

Purchases

= 590 units × $5.80

= 3,422

Total units = 1,500

Total cost = $10,065

So, average cost per unit

Total cost ÷ Total number of units

= $10,065 ÷ 1,500

= $6.71 per unit

Therefore, to calculate the average cost per unit for May we simply divide 10,065 from 1,500

7 0
4 years ago
Doug, as a new project manager, has been described by his subordinates as not being a servant leader. Which of the following ite
const2013 [10]

Answer:

C) Doug tells his employees that he needs to know everything that is going on in the department, especially if someone is NOT buying into the project goals.

Explanation:

A servant leader is a leader that believes his/her main goal is to serve the organization. Servant leaders usually value employees' contributions and generally looks for them.

If Doug wants to know who is not buying into the project goals, he is not valuing employees' contributions, he is trying to impose his own views and ideas.  

4 0
4 years ago
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