The reingold hat company uses the allowance method to account for bad debts. during 2016, the company recorded $800,000 in credit sales. at the end of 2016, account balances were: accounts receivable, $120,000; allowance for uncollectible accounts, $3,000 (credit). if bad debt expense is estimated to be 3% of credit sales, the appropriate adjusting entry will include a debit to bad debt expense of:
a) zero.
b) $27,000
c) $21,000
d) $24,000
Answers: 3
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Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect
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The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?
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The reingold hat company uses the allowance method to account for bad debts. during 2016, the compan...
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