Business
Business, 24.12.2019 01:31, donyaic3

2. using the allowance method, the uncollectible accounts for the year is estimated to be $28,000. if the balance for the allowance for doubtful accounts is a $7,000 credit before adjustment, what is the amount of bad debts expense for the period? a.$7,000b.$21,000c.$28,000d.$35,000

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 08:00, leannaadrian
Companies in the u. s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct
Answers: 1
image
Business, 22.06.2019 19:40, izzyisawesome5232
The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.
Answers: 3
image
Business, 22.06.2019 20:50, igtguith
Which of the following statements regarding the southern economy at the end of the nineteenth century is accurate? the south was producing as much cotton as it had before the civil war.
Answers: 3
image
Business, 22.06.2019 23:40, bakerj8395
Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u. s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.
Answers: 1
Do you know the correct answer?
2. using the allowance method, the uncollectible accounts for the year is estimated to be $28,000. i...

Questions in other subjects:

Konu
Chemistry, 04.01.2021 06:30
Konu
Mathematics, 04.01.2021 06:30
Konu
Biology, 04.01.2021 06:30
Konu
Mathematics, 04.01.2021 06:30