subject
Business, 02.11.2020 17:00 janellesteele7498

Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $474,000 and $1,550 respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $327,000 and $315,000, respectively, and $1,840 in accounts receivable were written off. Calistoga's 2021 bad debt expense is: Multiple Choice $981. $945. $791. $1,650.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 10:20
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 3
question
Business, 22.06.2019 11:30
Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.
Answers: 2
question
Business, 22.06.2019 19:30
Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:
Answers: 1
question
Business, 23.06.2019 01:00
Lycan, inc., has 7.5 percent coupon bonds on the market that have 8 years left to maturity. the bonds make annual payments and have a par value of $1,000. if the ytm on these bonds is 9.5 percent, what is the current bond price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) current bond price
Answers: 2
You know the right answer?
Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts...
Questions
question
Mathematics, 28.11.2020 05:10
question
Mathematics, 28.11.2020 05:10
Questions on the website: 13722359