Business
Business, 14.04.2020 19:02, infoneetusinghoyg22o

The year, Luther Company had net credit sales of $ 44 comma 000. At the end of the year, before adjusting entries, the balance in Accounts Receivable was $ 14 comma 000 (debit) and the balance in Allowance for Bad Debts was $ 640 (credit). If the company uses an income statement approach to estimate bad debts at 4%, what is the ending balance in the Allowance for Bad Debts account? A. $ 1 comma 120 B. $ 1 comma 760 C. $ 1 comma 200 D. $ 2 comma 400

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 06:10, jakeyywashere
Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) wacc %
Answers: 2
image
Business, 22.06.2019 21:20, dorianhenderson987
Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.
Answers: 3
image
Business, 22.06.2019 22:30, chad65
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
image
Business, 23.06.2019 08:20, marialandingin7520
Analyze the forces in the marketing environment that have contributed to pinterest’s explosion in popularity?
Answers: 3
Do you know the correct answer?
The year, Luther Company had net credit sales of $ 44 comma 000. At the end of the year, before adju...

Questions in other subjects:

Konu
Physics, 02.12.2020 14:00
Konu
Mathematics, 02.12.2020 14:00
Konu
Geography, 02.12.2020 14:00
Konu
Social Studies, 02.12.2020 14:00