Business, 12.03.2021 15:00, tremainewoodley3030
The following information is provided: Unadjusted balance in Allowance for Doubtful Accounts $1,100 (debit) Accounts Receivable, December 31 245,500 Sales Returns and Allowances 5,500 Sales 850,000 Sales Discounts 15,000 Required: 1. Prepare the adjusting entry if bad debts are estimated to be 1.5% of net sales. 2. Compute the amount of the adjusting entry if bad debts are estimated to be 3% of ending accounts receivable.
Answers: 1
Business, 21.06.2019 23:30, 2936131
Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u. s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?
Answers: 2
Business, 22.06.2019 19:40, gakodir
Last year ann arbor corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 37.5%. the new cfo believes a new computer program will enable it to reduce costs and thus raise net income to $33,000. assets, sales, and the debt ratio would not be affected. by how much would the cost reduction improve the roe? a. 11.51%b. 12.11%c. 12.75%d. 13.42%e. 14.09%
Answers: 3
The following information is provided: Unadjusted balance in Allowance for Doubtful Accounts $1,100...
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