Management estimates that 1% of the $100,000 of credit sales will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted debit balance. The adjusting entry to record estimated bad debts includes a ______. (Select all that apply.)
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Based on the information given the appropriate adjusting entry to record estimated bad debts includes a:
Debit to bad debt expense of $1,000
Credit to allowance for doubtful accounts of $1,000
Adjusting journal entries
Debit Bad debt expense $1,000
Credit Allowance for doubtful accounts $1,000
(1%×$100,000)
(To record estimated bad debts)
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Answer:
credit to Allowance for Doubtful Accounts of $1,000
debit to Bad Dept Expense of $1,000
Related Questions
When using the indirect method in preparing the statement of cash flows, if cash collected from customers is greater than the revenues generated, then the ______ net income.
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Based on the statement of cash flow analysis, when using the indirect method in preparing the statement of cash flows, if cash collected from customers is greater than the revenues generated, the decrease in accounts receivable will be added to net income.
This is because of the indirect method in preparing the statement of cash flows beginning with net income or loss.
Then subsequent preparation involves adding or deductions from net income for non-cash revenue and expense items.
The indirect method of preparing the cash flow statement is less complex and gives a more accurate financial analysis and cycles of business activity.
Hence, in this case, it is concluded that the correct answer is "the decrease in accounts receivable will be added to."
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which phase of the goals-based strategic planning involves an in-depth analysis of the company and its competitors?
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Considering the business planning strategies, the phase of the goals-based strategic planning that involves an in-depth analysis of the company and its competitors is "Analyze the situation."
This is because, during this stage, firms can carry out an analysis that is often called SWOT analysis.
This allows the business firms to carry out the analysis on their own strength, weakness, and then opportunities and threats of their competitors.
Some other the phases of the goals-based strategic planning include the following:
Set direction;Define strategies;Deploy planHence, in this case, it is concluded that the correct answer is "Analyze the situation."
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Identify the statements that describe life before the nationalization of the American market during the market revolution. Correct Answer(s) Drag appropriate answer(s) here Americans lived only to the east of the Appalachian Mountains; the mountains provided a natural border between Anglo-Americans and native peoples. Press Space to open Cash was not widely distributed throughout the country and was utilized mainly in coastal cities. Many Americans bartered for what they needed. Press Space to open Most Americans lived isolated lives not much different from the lives of their colonial forebears. Press Space to open Many Americans were tasked with sustaining their own lives since consumer goods and services were not readily available to them. Press Space to open Most Americans lived nomadic lives, traveling from town-to-town in search of work
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Considering the options available, the statements that describe life before the nationalization of the American market during the market revolution include "Many Americans bartered for what they needed."
Other statements that describe life before the nationalization of the American market during the market revolution are the following:
Many Americans were tasked with sustaining their own lives since consumer goods and services were not readily available. Cash was not widely distributed throughout the country and was utilized mainly in coastal cities. Most Americans lived isolated lives not much different from the lives of their colonial forebears.Hence, in this case, it is concluded that the correct answer is Options B, C, D, and E.
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An increase in accounts receivable will result in a(n) ______ in cash from sales revenue when using the direct method to determine cash flows from operations.
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When using the direct method for cash flows, one will notice that an increase in accounts receivable would result in a DECREASE in cash.
When an accounts receivable increases:
It means that more debt has been incurred by debtors It means that less money entered into the company as people took goods but did not pay cash for themBecause the people did not pay cash for the goods yet took the goods, the company will see a reduction in its cash balance as the cash value of the goods left the company and there was no cash inflow from that activity.
In conclusion, an increase in accounts receivable leads to a decrease in cash.
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Choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, LLC, C corporation, S corporation, or nonprofit corporation). Explain why this structure would be good for this type of company.
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Answer:
nonprofit corporation - literally anything involving donations - your welcome
Explanation:
The marginal product of labor is the
a. value marginal product of labor multiplied by the price of the good produced.
b. total output of labor divided by the quantity of labor used.
c. additional output resulting from employing one additional unit of labor.
d. same as the marginal revenue product of labor in price-taker markets.
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i dont know sorry
Explanation:
in preparing the operating activities section of a statement of cash flows using the indirect method, net income should be adjusted for
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Answer: Loss from sale of asset. Gain from sale of asset. Depreciation expense
Net income should be adjusted for Loss from sale of asset, Gain from sale of asset, Depreciation expense, etc
The following information should be considered:
Operating activities deals with the day to day activities. It records the change in the current assets and current liabilities. The net income could be adjusted for depreciation expense, profit or loss for sale of an asset.Therefore we can conclude that Net income should be adjusted for Loss from sale of asset, Gain from sale of asset, Depreciation expense, etc
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clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up?
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Mobile Task Manager (MTM) is simply known to be well customize application or software. Target employees will make use of mobile task management technology to ensure the airfryer will be in stock at the store and ready for pick up.
The Mobile Task Manager is known to assist or helps engineers and property team members to manage service request and also work order and preventative maintenance tasks on the fly or easy way.It is said to have new features to improve functionality and its use.
A project management software also as a mobile app helps one to view one's software from your mobile device from anywhere at any time.
The full question is below
Clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up. What do Target employees use to ensure the airfryer will be in stock at the store and ready for pick up?
O product development software
O mobile task management technology O advanced shipping notices fulfillment centers
O routing systems
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what is Communication,
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what type of event is an agent conducting when he presents plan information that includes benefits and cost sharing in an audience-presenter format?
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Considering the marketing strategies ideas, the type of event an agent is conducting when he presents plan information that includes benefits and cost-sharing in an audience-presenter format is "Formal marketing/sales events."
This is because Formal marketing/sales events are a type of marketing sales event that is created or structured in a formal or an audience and presenter style.
It is usually done in a way that involves the salesperson giving plan-specific information via a content management system.
It also involves the presentation styles called carrier-approved sales presentations, talking points, and marketing materials.
Hence, in this case, it is concluded that the correct answer is "Formal marketing/sales events."
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The deadweight loss from a tax per unit of good will be smallest in a market with a. inelastic supply and elastic demand. b. inelastic supply and inelastic demand. c. elastic supply and elastic demand. d. elastic supply and inelastic demand.
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The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
The Deadweight loss refers to loss that occurs when supply and demand are not in equilibrium and thus, result in market inefficiency.
Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.
So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.
Therefore, the answer is B. because the deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
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how did the telecommunications act of 1996 change the media landscape?
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It opened the way for the consolidation of media ownership
When an advertiser has something important or new to announce to a target audience, a(n) ________ headline will be used.
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what is the maximum number of characters allowed in the account number field?
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Answer:
The following is a list of the maximum number of characters (letters, numbers and so on) that you can enter in the fields specified: Account Name: 31 Account Numbers: 7 Amount: 99,999,999.99 (Maximum number allowed)
Explanation:
Men and women may be paid different wages under the Equal Pay Act when payment is made pursuant to a _____.
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According to Equal Pay Act , when making a pursuant to seniority system;
Men and women may be paid different wages.Equal Pay Act can be regarded as an act of 1938 that prohibits sex-based wage discrimination between men and women that are working in the same organization.But in a case, where seniority system applies, the payment could be different, the women could be paid different wages.Therefore, seniority system serve as an exception under the Equal Pay Act.
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which primary function of management is concerned with ensuring the right things happen at the right time in the right way?
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The primary function of management which is concerned with ensuring the right things happen at the right time in the right way is:
PlanningAccording to the given question, we are asked to show the primary function of management which is concerned with ensuring the right things happen at the right time in the right way and how it affects management decisions and outcomes.
As a result of this, we can see that management is the act of being in charge of the various processes which are involved in an organization.
There are four main functions of managers in a management process which includes:
PlanningOrganizingLeadingControllingThe planning function is in charge of making sure that the right things are done at the right time.
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what are the answers to number 3 4 5
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PLEASE HELP
1. What are the distribution/production channels of your business/product. In list or paragraph format discuss the channels in which your
product will be created/sold. This should be very well thought out and include plenty of details. Be sure to explain how your
product/service would get to customers. You can refer back to module 10 notes for a refresher of distribution channels.
2. Describe in detail in either list/paragraph form the key metrics of your business. This is an explanation of key activities that must be
measured by your business.
MY project is about a self propelled stroller
Answers
Answer:
1.As consumers, we take for granted that when we go to a supermarket the shelves will be filled with the products we want; when we are thirsty there will be a Coke machine or bar around the corner, and we count on being able to get online and find any product available for purchase and quick delivery. Of course, if we give it some thought, we realize that this magic is not a given and that hundreds of thousands of people plan, organize, and labor long hours to make this convenience available. It has not always been this way, and it is still not this way in many other parts of the world.
Looking back over time, the channel structure in primitive culture was virtually nonexistent. The family or tribal group was almost entirely self-sufficient. The group was composed of individuals who were both communal producers and consumers of whatever goods and services could be made available. As economies evolved, people began to specialize in some aspect of economic activity. They engaged in farming, hunting, or fishing, or some other basic craft. Eventually this specialized skill produced excess products, which they exchanged or traded for needed goods that had been produced by others. This exchange process or barter marked the beginning of formal channels of distribution. These early channels involved a series of exchanges between two parties who were producers of one product and consumers of the other.
under the indirect method, the operating activities section of the cash flow statement begins with net income.
Answers
It should be noted that under the indirect method, the operating activities section of the cash flow statement starts with net income, therefore, the statement is true.
The cash flow from operating activities is a vital benchmark to determine the financial success of a company.
In the indirect method of depicting cash flow from operating activities, it starts with a net income from the income statement which is then added to the non-cash items in order to arrive at a cash basis figure.
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What is operations management and its role?
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In its broadest sense, operations management is responsible for all aspects of creating goods and services. It manages resources such as materials, machines, technology, and people, and makes products and services that the marketplace wants.
At both large and small organizations, operations managers supervise, hire, and train employees, manage quality assurance programs, strategize process improvements, and more. Operations managers are ultimately responsible for maintaining and increasing the efficiency of a business, agency, or organization.
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if you save $2 per day for a year how much will you have by the end of one year?
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Answer:
1 day = 2$
1 year = 365 days
365 x 2 = 730.
will have 730$ by the end of an year
Answer:
$730
Explanation:
if you are looking for a vacation near Deep Creek Lake, MD then check this out. its really nice :)
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suppose the government decides to intervene to bring the economy back to the natural level of output by using
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Government are known to set u different policies to regulate the economy. Suppose the government decides to intervene to bring the economy back to the natural level of output by using Expansionary monetary policy.
Expansionary monetary policy is known to expand the money supply faster than normal or even lower short-term interest rates.It is known to be set up by central banks and comes about through open market operations. etc
This monetary policy often increases the money supply in an economy.
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what is the general rule for recognizing revenues in governmental funds?
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and measurable.*
I got right but you can search more info on internet
Retailing means a store sells directly to whom?
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Four companies have each issued $6 million in bonds. Which company will have the lowest balance in a contra account, without having a zero balance, assuming this is the first bond issuance for all four companies
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The company with the lowest balance in a contra account (Bonds Discounts) is A Company 2, which sold their bonds at 94.
Data and Calculations:
Co. 1 Co. 2 Co. 3 Co. 4
Face value of bonds $6,000,000 $6,000,000 $6,000,000 $6,000,000
Selling rate 99 94 101 105
Proceeds from bonds $5,940,000 $5,640,000 $6,060,000 $6,300,000
Premium / (Discounts) ($60,000) ($360,000) $60,000 $300,000
Company 1's balance in the contra account (Bonds Discounts) is $60,000, Company 3's is $60,000 (Bonds Premium), while Company 4's balance is $300,000 (Bonds Premium).
Thus, the company with the lowest balance in a contra account is A.
Options:
A. Company 2, which sold their bonds at 94
B. Company 4, which sold their bonds at 105
C. Company 1, which sold their bonds at 99
D. Company 3, which sold their bonds at 101
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________ is largest employer in the country and the largest purchaser of goods and services in the world.
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The largest employer in the country which can also be regarded as largest purchaser of goods as well as services is U.S. federal government.
U.S. federal government can be regarded as national government of the United States, which is composed of self-governing territories as well as several island.She serve as one of the major force in the world market, and that is why many countries relied on their exports.Therefore, U.S. federal government is right.
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What changes has sue made so far? Check all that apply.
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Answer:
She added a title for the x-axis.
She changed the x-axis column labels.
She changed the color of the chart style.
Explanation:
Answer:
Uhhhhh
Explanation:
A mechanic charged $220. 28 to repair a car. The price included charges for 3 hours of labor and $126. 53 for parts. How much does the mechanic charge per hour for labor?.
Answers
Answer:
31.25 is the hourly rate of labor
Explanation:
220.28 - 126.53 = 93.75
93.75 is the total labor price
93.75/3 = 31.25
besides the u.s. dollar, what is the only major currency to feature bills all of the same size?
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Answer:
Canadian dollar - Bills are often differentiated by size for the visually impaired. Larger denominations in Australia, for instance, are both taller and wider with strong contrasting colors. Euros also follow this logic, while larger notes – like the €200 and €500 – feature tactile marks too. The U.S. and Canadian dollars are currently the only major currencies with same-size notes. The Canadian dollar, however, features tactile marks on the upper righthand corner of bills, and the notes are also different colors to aid the visually impaired. While most other countries are ahead of the U.S. in making their currencies more accessible for the visually impaired, that may soon change with a new proposed $10 bill that would be the first U.S. dollar to feature tactile markings.