On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $97,800; Allowance for Doubtful Accounts, credit balance of $1,021. What amount should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible

Answers

Answer 1

The amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913

What is bad debts expenses?

Bad debt are debts owned to a business which cannot be recovered. Here, the customer has chosen not to pay this amount.

Computation of amount to be debited to Bad Debts Expense:

=  Accounts Receivable, debit balance of $97,800 *  3% of outstanding accounts receivable at the end of the current year

= $97,800 *  3%

= $2,934

Then,

= $2,934 - $1,021

= $1,913

Hence, the amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913

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Related Questions

True or False - In 2013, less than 83% of people filed their taxes electronically.

true

false​

Answers

Answer:

false because it was 73 percent

Explanation:

it was 73 percent

Answer:true. Had to retake because of the wrong answer

Explanation:

Dividing work among employees and applying motivational theories to increase employee satisfaction are the two components of job:

Answers

Job design involves dividing work among employees and applying motivational theories to increase employee satisfaction.

What is job design?

Job design is the act of setting employees' roles and responsibilities and procedures that employee should follow.

The main purpose of job design is to optimise work processes.

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Which of the following is NOT a type of decision described in the segment?
Contingent decision
"Why" decision
"Whether" decision
"Which" decision Thing

Answers

Among the listed decisions, contingent decisions are not a type of decisions described in the segment since they are decisions already made

What is decision-making?

Decisions making are choices that are made among different choices that are placed before an individual.

Some of the decision styles that are crucial to an individual or business include:

DirectiveAnalytical ConceptualBehavioral

Among the listed decisions, contingent decisions are not a type of decisions described in the segment since they are decisions already made but on hold pending the occurrence of a certain event or occurrence.

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Bachiko congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail announcing it. Here, bachiko is using her ________ power.

Answers

Bachiko congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail announcing it. Here, bachiko is using her Reward power.

Omitted options include:

reward

expert

coercive

referent

personalized

What is Reward Power?

Reward power is the formal position power given out to employees by ther Manager or supervisor to reward them for thier act or performance.

Ways Reward power can expressed include through

Praisegiving bonusesraises promotionextra time off from work, etc.

Here, Bachiko congratulating her staff when the team received an industry award for their project  shows that she is using her  Reward power.

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Select the correct answer from each drop-down menu.
What cultural aspects must businesses consider when making marketing decisions?
Companies must consider the
political scenarios
of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.

Businesses should avoid portraying rebellious behavior in
underdeveloped
societies. Marketers must also learn about
to avoid conflicting with religious or social sentiments.

Answers

Answer:

the first one is not political scenarios

the second one is not underveloped

and the final one is social and cultural norms

Explanation:

i took the test ande i only got the third one right

Answer:

Cultural Norms, Hierarchical, and Social & Cultural Norms

Explanation:

Companies must consider the cultural norms of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.

Businesses should avoid portraying rebellious behavior in hierarchical societies. Marketers must also learn about social and cultural norms to avoid conflicting with religious or social sentiments.

This is 100% correct on the test.

Morgan is working on the compensation package for bank tellers. Bank customers like to see the same faces in the bank when they come in to talk about their money. Therefore, Morgan needs to find a way to reduce turnover among the tellers. Adopting a(n) ______ organizational philosophy on compensation might be a good idea. a. pay-for-performance b. below-the-market c. at-the-market d. pay-for-longevity

Answers

Morgan is working on the compensation package for bank tellers. Therefore, Adopting a pay for longevity organizational philosophy on compensation might be a good idea.

What do you mean by a bank?

A bank refers to a financial institution that provides financial services to its customers.

As Morgan is working on the compensation package for bank tellers, bank customers like to see the same faces in the bank when they come in to talk about their money. Adopting a pay for longevity organizational philosophy on compensation might be a good idea.

Therefore, D is the correct option.

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Describe how native advertising differs from traditional paid advertising and what is driving its growth. Is native advertising deceptive

Answers

Answer:

Native ads have been shown to perform better on mobile than those of traditional design as well. This is because in order to make an effective native ad, it has to be relevant to the content in which it is featured—unlike traditional ads that are placed on screen and don't necessarily match up with messaging.

Explanation :

Which is an example of an exchange rate policy that does not give the central bank the power to conduct countercyclical monetary policy

Answers

An example of an exchange rate policy that does not give the central banks and governments the power to conduct countercyclical monetary policy is the free-floating exchange rate.

What do you mean by monetary policy?

Monetary Policy refers to the control of the money quantity that is available in the economy.

In a Free-floating exchange rate system, governments and central banks do not participate in the market for foreign exchange.

Thus, a free-floating exchange rate does not give the central bank to conduct a countercyclical monetary policy.

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Dale, a senior accountant, references the company’s accounting statements as the basis for a summary of his firm’s financial information, products, and growth plans for owners and potential investors. The summary Dale is preparing is called a(n)

Answers

The summary that Dale, a senior accountant, is preparing with reference to the company's financial statements is called the annual report.

What is the annual report?

Corresponds to a document containing the accounting information of an organization and which must be disclosed in accordance with established laws, being an instrument of accountability to partners and shareholders of a company.

Therefore, the annual report increases the transparency and reliability of the company's equity situation, helping in decision making and attracting investors.

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The money supply is the total amount of money available in the economy. How do changes in the money supply affect people and businesses?

Answers

Explanation:

As a result to inflation and deflation

That is the lesser the money supply the higher the price of goods and services.

And the more money is supplied vice versa

According to the short-run Phillips curve, the unemployment rate and the inflation rate are a. positively related. b. unaffected by monetary policy. c. negatively related. d. unrelated.

Answers

According to the short-run Phillips curve, the unemployment rate and the inflation rate are: C. negatively related.

What is the Phillips curve?

Phillips curve can be defined as an economic theory which states that there exist an inverse (negative) relationship between the rate of unemployment and inflation rate in a particular economy and at a given period of time.

This ultimately implies that, the unemployment rate and inflation rate share an inverse relationship (negatively related) according to the short-run Phillips curve.

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A. al manara company sells its single product for $ 30 per unit . the contribution margin ratio is 45%; and fixed costs are $ 10,000 per month.
required
if al manara sells 1,000 units in the current month, what would al manara’s variable expenses be?

Answers

Based on the contribution margin ratio of the product, the variable expenses for the current month for Al Manara Company would be $16,650.

What are the variable expenses?

The variable expenses per unit can be found as:

= Selling price x (1 - Contribution margin ratio)

= 30 x ( 1 - 45%)

= 30 x 0.55

= $16.50

The total variable expenses are:

= 1,000 x 16.50 per unit

= $16,650

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A retail business, owned by share holders and having centralized decision making for their multiple store locations is called:
O A. Corporation
O B. Franchise
O C. Private company
O D. Independent

Answers

A. Corporation the share holders

A retail business, owned by shareholders and having centralized decision-making for its multiple store locations is called Corporation.

What is Business?

An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.

Corporate refers to a group of large enterprises or a specific large company. For corporate clients as opposed to private ones, interest rates are greater.

Both the economy and business earnings are expanding. Corporate refers to a group of large enterprises or a specific large company.

Therefore, The right option (A) is correct.

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When businesses calculate the costs to borrow money for capital budget projects they must be sure to include the _____ expenses for the debt used to finance the project. Multiple choice question. interest equity principal factor

Answers

Businesses must include the interest expenditures for the debt used to finance capital budget projects when calculating the costs of borrowing money for capital budget projects.

What is interest in business?

The cost a firm pays a lender to borrow money is known as interest. Interest is normally calculated on the outstanding balance of a loan and paid monthly.

However there are a variety of options, At an agreed-upon interest rate, interest is normally computed as a percentage of the loan balance.

Thus, option A, interest is the correct option.

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Which best describes why countries establish limits on international trade? choose three answers. to force domestic industries to sell higher quality goods to restrict foreign influence in a sector to restrict importation of a foreign good to lower the price of foreign goods to punish other countries

Answers

Answer:

B C E

Explanation:

Answer:

B, C, and E <3

Explanation:

The product life cycle impacts marketing strategies in which way?.

Answers

Answer:

The stage of a product's life cycle impacts the way in which it is marketed to consumers. A new product needs to be explained, while a mature product needs to be differentiated from its competitors.

Explanation:

The product life cycle influences marketing strategies by requiring companies to adapt their marketing efforts and strategies at each stage of the product's life cycle to effectively address changing market conditions and consumer needs.

What is marketing?

Marketing is the process of identifying, promoting, and selling products or services to meet the needs and wants of customers, while achieving the goals of a business or organization.

It involves understanding consumer behavior, conducting market research, developing marketing strategies, creating and implementing marketing plans, and managing customer relationships to build and maintain a strong brand image and achieve business objectives.

The product life cycle impacts marketing strategies in several ways and  a company may use different strategies to effectively promote and sell the product.

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What economic system focused on exports and acquiring precious metals?.

Answers

Answer: Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).

Explanation:

The essential processes required to transition arriving personnel, equipment, and materiel in theater into forces capable of meeting operational requirements are collectively known as

Answers

This process of moving personnel, equipment, and materials to meet operational requirements is known as:

Joint reception,staging, onward movement, Integration

What is Personnel Management?

This refers to the handling and administrative functions of making workers or personnel in an organization.

Hence, we can note that based on this essential process of moving personnel, equipment, and materiel in theater into forces capable of meeting operational requirements are collectively known as Joint reception, staging, onward movement and Integration

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Brainliest!!
What are three of the most common accidents that take place in the workplace, and what are two ways to prevent each of them?

Answers

Answer: i got u

Explanation:

The most common work injuries are slips, trips, and falls, overexertion, and contact with equipment. All of these injuries are mostly preventable by taking the proper precautions and adhering to OSHA's guidelines.

Answer:

1. Slips, trips, and falls. Solution: Clean up spills immediately. If a spill can’t be cleaned up right away, place “wet floor” warning signs for workers.

Keeps walkways and hallways free of debris, clutter and obstacles.

Keep filing cabinets and desk drawers shut when not in use.

Cover cables or cords in walkways.

Replace burnt-out light bulbs promptly.

Consider installing abrasive floor mats or replacing worn flooring.

Encourage workers to wear comfortable, properly fitted shoes.

2. Overexertion and muscle strains. Solution: Stretch and warm up your muscles before doing an activity. Take breaks every 30 minutes, especially if you usually stay in the same position for many hours.

3. Struck by workers, equipment, or falling objects. Solution: Secure all tools and materials to prevent them from falling on people below. Use toe boards or guardrails on scaffolds to prevent objects from falling. Alternately, use debris nets or catch platforms to grab falling objects. Also, use safety equipment like hardhats.

What are some results if you don't use proper advertising or promotion?:​

Answers

Answer:

Not using proper adverstising or promotion results in customers not being aware of the product leading to lower sales and failing of new products.

Explanation:

For each unit of a product, the direct material cost is $10, the direct labor cost is $15, and the manufacturing overhead is $16. The total unit product cost using activity-cased costing is ______.

Answers

Based on the direct material, direct labor, and manufacturing overhead, the total unit product cost is $41.

What is the product cost under activity-based costing?

This refers to cost of producing a good based on the actual expenses incurred to produce the good.

In this case, it can be found as:

= Direct materials + Direct labor + Manufacturing overhead

Solving gives:

= 10 + 15 + 16

= $41

In conclusion, the total unit product cost is $41.

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By offering a free dog biscuit with each cup of coffee, The Coffee Collective entices customers to visit its shop during the pet adoption event. This represents what type of sales promotion

Answers

Answer:

is not a pet adoption center its a biscuit only and a coffee only and no pet adoption events and i think

Explanation:

its right and no wasting time for this

and pla brainly me when i need to be ranked up pls brainly

Replication of the lagging strand of dna is accomplished by repeatedly making __________ followed by 1,000–2,000 nucleotide segments called __________.

Answers

Answer:

short RNA primers; Okazaki fragments

Explanation:

This is mostly on memorization of biology definitions! Okazaki fragments is the name for the nucleotide segment and the strand includes primers that initiates DNA synthesis.

Franchisors agree to operate outlets in accordance with procedures prescribed by its franchisees. True false question. True False

Answers

It is a false statement that in a franchise agreement, the Franchisors agree to operate outlets in accordance with procedures prescribed by its franchisees.

What is a franchise?

It is a business arrangement between Franchisor and the Franchisee whereby the Franchisor who is the original business owner sells the right to use its business name and idea to the Franchisee.

However, it is false that Franchisors agree to operate outlets in accordance with procedures prescribed by its franchisees because it is laying down procedure in the contract rather than following them.

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What is one statement that economists would say is INCORRECT?

A. Society's resources are limited.

B.People usually put their own interests as their first priority.

C.The stock market only affects people who invest in it.

Answers

Answer:

C.The stock market only affects people who invest in it.

The stock market affects everyone, not just the people who invest in it.

The incorrect statement that economists is "the stock market only affects people who invest in it". The correct option is C.

The direct impacts are felt by investors, the stock market's ripples extend far beyond. It reflects economic health, affecting job creation, business decisions and consumer confidence.

Market fluctuations influence retirement funds, pensions and even governments through taxation and policies. The interconnected financial system means market changes cascade which impacting industries, borrowing costs and global trade.

The stock market's reach is profound, influencing individuals and institutions, irrespective of direct investment involvement which is  making its effects pervasive in the broader economic landscape.

Therefore, the correct option is C.

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When kfc struggled to open its restaurants in japan, it was experiencing one of the disadvantages of going global. Kfc was encountering the:.

Answers

The disadvantage of going global that KFC was encountering when they opened restaurants in Japan is an example of the Liability of Foreignness.

What is the Liability of Foreignness?

This refers to the struggles that a foreign company will face in a country as a result of having to compete with local companies.

KFC in this instance, was most probably finding it difficult to open restaurants because the government didn't want them competing with local franchises.

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When buyers will purchase exactly as much as sellers are willing to sell, what is the condition that has been reached?.

Answers

Answer:

the condition that has been reached is market equilibrium.

Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be ______ than they would otherwise be. This results in consumers buying ______ output

Answers

Prices in the market to be more than they would otherwise be. This results in consumers buying less output

What is tradebarrier?

This. are limitations pose on business, tht leads to the restriction of some goods and services in a market.

Goods with restrictions are therefore not allowed in the market.

Therefore, prices in the market to be more than they would otherwise be. This results in consumers buying less output

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When media are privately owned, their major interest is profit making; when media are controlled and operated by the state, their major interest is

Answers

When media are privately owned, their interest is profit making; operated by the state, their major interest is:shaping values and providing a public service.

Private owned and public owned media

If a private company or organization owned a media such as broadcasting station or publishing house their aims is to make profit or generate revenue.

While on the other hand media own by the state are not for profit making but to provide free service to the public at large and to as well shape public values.

Inconclusion media operated by the state, their major interest is:shaping values and providing a public service.

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What is the name of the rating error that leads employees to believe that no aspect of their performance needs improvement

Answers

The halo error is the  rating error that leads employees to believe that no aspect of their performance needs improvement.

What is the halo rating error?

This is the rating error that comes from the assessment that the rater has placed on the person they are rating.

This happens when a person would believe that a certain attribute is the same all round with the person.

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