Business
Business, 13.05.2021 20:00, dbethel8408

As of January 1, 2021, Farley Co. had a credit balance of $532,000 in its allowance for uncollectible accounts. Based on experience, 4% of Farley's credit sales have been uncollectible. During 2021, Farley wrote off $638,000 of accounts receivable. Credit sales for 2021 were $18,700,000. In its December 31, 2021, balance sheet, what amount should Farley report as allowance for uncollectible accounts

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 07:30, cherylmorton7302
What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident management—the nims is focused on tactical planning, and the national response framework is focused on coordination.
Answers: 3
image
Business, 22.06.2019 10:00, emwemily
Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150
Answers: 3
image
Business, 22.06.2019 18:50, gabelawson6996
Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?
Answers: 2
image
Business, 22.06.2019 22:50, tiffanibell71
Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand. b. price increases have failed to bring about demand management. c. demand exceeds capacity. d. demand exceeds 100 percent. e. the existing product has seasonal or cyclical demand.
Answers: 3
Do you know the correct answer?
As of January 1, 2021, Farley Co. had a credit balance of $532,000 in its allowance for uncollectibl...

Questions in other subjects:

Konu
Mathematics, 27.01.2020 19:31