Business, 30.03.2021 21:50, golderhadashaowtatz

Kirchhoff Industries has a past history of uncollectible accounts, as follows. Age Class Percent Uncollectible
Not past due 2%
1-30 days past due 4
31-60 days past due 18
61-90 days past due 40
Over 90 days past due 75

Required:
Estimate the allowance for doubtful accounts.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 20:40, julio38

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.

Answers: 1

continue

Business, 23.06.2019 03:00, vrw28

You are considering purchasing a company — assets, liabilities, warts, and all. you are aware that sometimes liabilities do not always show up on the balance sheet. discuss five examples of liabilities that may not be explicitly recognized on the balance sheet, making sure to explain why they are liabilities.

Answers: 1

continue

Business, 23.06.2019 16:30, makenziemartinez

Choose the term that best matches the description given. when the materials for the product are in short supply, but the demand is high, it is called

Answers: 1

continue

Business, 23.06.2019 18:00, carog24

Nicholas believes that everyone deserves a second chance, even those who get in trouble with the law. that is why he wants to be a probation officer. which educational path will most likely lead to his success? a. he should enroll in a certification program at a career college and seek a job with someone in the field. b. he should enroll in an associate’s degree program at a vocational school and seek an internship with a bailiff in a courtroom. c. he should enroll in a graduate program at a law school and spend time with a corrections officer at a jail. d. he should enroll in a bachelor’s degree program at a university and seek an apprenticeship with someone in the field.

Answers: 1

continue

Do you know the correct answer?

Kirchhoff Industries has a past history of uncollectible accounts, as follows. Age Class Percent Un...