Business, 13.11.2019 02:31 limelight11
Australia. inc. had a $140,000 beginning balance in accounts receivable and a $5,000 credit balance in the allowance for doubtful accounts. during the year, credit sales were $800,000 and customers' accounts collected were $810,000. also, $4,000 in worthless accounts were written off. an aging of the accounts indicates that 5% of the end-of-the-year accounts receivable balance is doubtful for collection. what amount of bad debts expense should be provided at year-end?
(a) $6,300
(b) $7,300
(c) $7,600
(d) $5,300
Answers: 1
Business, 23.06.2019 02:30
Tara and her parents want to save at least $40,000 for college in 8 years. which statement describes the most effective savings plan for tara and her parents to meet their goal? tara and her parents should make deposits of $300 every month into a college savings account. tara and her parents should make deposits of $450 every month into a college savings account. tara and her parents should make deposits of $3,000 every year into a college savings account. tara and her parents should make deposits of $4,000 every year into a college savings account
Answers: 1
Business, 23.06.2019 06:00
For each example, identify the most appropriate ctso.marilyn is a middle-school student who wants to prepare for a career in farming: pasnational ffanyfeafeajanice is a high-school student who wants to start her own business: skillsusatsapasdecaabe is a high-school student who wants to become an information technology worker: hosafcclabpanyfearene wants to teach middle-school classes: feafccladecahosa
Answers: 1
Business, 23.06.2019 10:10
Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:
Answers: 1
Australia. inc. had a $140,000 beginning balance in accounts receivable and a $5,000 credit balance...
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