Blue Company had credit sales of $50,000 in the most recent accounting period. Blue uses the aging of Accounts Receivable approach to estimating Bad Debt. Management estimates that 10% of the $30,000 of Accounts Receivable will be uncollectible and the Allowance for Doubtful Accounts has a $300 unadjusted credit balance. Based on this information, the adjusting entry to record estimated bad debts includes a: Multiple Choice a. debit to Bad Debt Expense of $3,300. b. debit to Bad Debt Expense of $2,700. c. credit to Allowance for Doubtful Accounts of $5,000. d. credit to Allowance for Doubtful Accounts of $4,700.
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Blue Company had credit sales of $50,000 in the most recent accounting period. Blue uses the aging of Accounts Receivable approach to estimating Bad Debt. Blue Company's adjusting entry to record estimated bad debts is a debit to Bad Debt Expense of $2,700.
Given that Blue Company had credit sales of $50,000 in the most recent accounting period. Blue uses the aging of Accounts Receivable approach to estimating Bad Debt and management estimates that 10% of the $30,000 of Accounts Receivable will be uncollectible. Also, the Allowance for Doubtful Accounts has a $300 unadjusted credit balance. The adjusting entry to record estimated bad debts includes a debit to Bad Debt Expense of $2,700.Here's how to calculate the amount of Bad Debt Expenses:
Since Blue Company uses the aging of Accounts Receivable approach, we can use the following formula:
Total Estimated Bad Debt Expense = Balance in the Allowance for Doubtful Accounts + Current period's Bad Debt Expense Balance in the Allowance for Doubtful Accounts = $300 Current period's Bad Debt Expense = (Accounts Receivable × Estimated % Uncollectible) − Balance in the Allowance for Doubtful AccountsAccounts Receivable = $30,000 Estimated % Uncollectible = 10%
Bad Debt Expense = ($30,000 × 10%) − $300Bad Debt Expense = $3,000 − $300Bad Debt Expense = $2,700
Therefore, the adjusting entry to record estimated bad debts includes a debit to Bad Debt Expense of $2,700.
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Related Questions
a company mails consumers cards telling them they have won valuable prizes. when a consumer attempts to collect her prize, she discovers that she must pay $500 to collect the goods. in this case the ftc is likely to
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In this case the FTC is likely to seek a consent decree to end the practice.
What does the FTC do and what does it stand for?The Federal Trade Commission (FTC) is a federal regulatory body in the United States tasked with keeping an eye on and stopping unfair, misleading, or anticompetitive business practices. It is a separate government organization whose main duties are the promotion of consumer protection and the enforcement of civil (non-criminal) antitrust law.
Federal consumer protection laws are thus enforced by the FTC to stop fraud, deceit, and unfair commercial practices. The Commission also upholds federal antitrust rules, which forbid anticompetitive mergers and other commercial activities that can result in higher costs, fewer options, or less innovation.
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Length and and width of rectangular feild are 50m and 15 m repectively. Find cot of barberd wire around feild at rate of r 9 per meter
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The dimension of rectangular field is 50 m x 15 m. If the cost per meter is 9 rupee, the cost of the wire around the field is 1,170 rupee.
The formula for the perimeter of a rectangle is given by:
P = 2 (l + w)
Where:
P = perimeter
l = length
w = width
Information available in the problem:
l = 50 meters
w = 15 meters
Hence, the perimeter is:
P = 2 ( 50 + 15)
P = 2 x 65 = 130 meters
The cost of the wire is r 9 per meter. Therefore, total cost for 130 meters is:
Cost = 9 x 130 = 1,170
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9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?
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Answer:
You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.
Explanation:
Rhonda has a ________ account, which gives her an interest rate competitive with those of brokerage firm money market funds but requires a higher minimum balance and limits check writing to three per month
Answers
Rhonda has a high-yield savings account, which gives her an interest rate competitive with those of brokerage firm money market funds but requires a higher minimum balance and limits check writing to three per month.
A high-yield savings account is a type of savings account that offers a higher interest rate compared to a traditional savings account. It is designed to provide a competitive return on savings while still maintaining easy access to funds. However, these accounts often come with certain requirements, such as a higher minimum balance and limitations on check writing or withdrawals to incentivize account holders to maintain a higher balance and discourage frequent transactions. This helps banks or financial institutions manage their costs and offer higher interest rates to customers.
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Which Energy Generation careers are expected to have a decline in jobs between 2010 and 2020? Check all that
apply.
Surveyors
Solar Energy Installation Managers
Nuclear Power Reactor Operators
Power Plant Operators
Mine Shuttle Car Operators
Answer: Power Plant Operators, and Mine Shuttle Car Operators
Answers
Answer:
d and e
Explanation:
hope this helps
Answer:
d,e
Explanation:
Now that you know something about planning, join the discussion to explain how you would go about implementing a strategic plan. What might your obstacles be? How would you overcome them? Remember, spelling and grammar count!
Answers
Answer:
I will utilize the strategy of the business model canvas.
Explanation:
The business model canvas is designed to reflect and prospect the future of the strategic plan of the business while also communicating systematically and strategically the focus on each business segment to each department as reflected in the question.
The areas of the business a business model canvas that will be focused on will include:
Key Partners, key activities, value proposition, customer relationship, customer segment , key resources, distribution channel, cost structure, and revenue stream.
The different section of the business model canvas that have been stated above when strategically discussed will address the need of every concerned department and party involved in the business plan and growth and will also address the diverse audience.
Explanation:
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Answer:
Ohayo!
Explanation:
Exercise B-10 Present values of annuities LO P3
C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $10,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $8,000 each. The annual interest rate for both loans is 6%. Find the present value of these two separate annuities. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar. Round Table Factor to 4 decimal places.)
First Annuity
Number of Periods Interest Rate Single Future Payment x Table Factor = Amount Borrowed
First payment 1 6% $10,000 x = Second payment 2 6% 10,000 x = Third payment 3 6% 10,000 x = Fourth payment 4 6% 10,000 x = Fifth payment 5 6% 10,000 x = Sixth payment 6 6% 10,000 x = Second Annuity
Number of Periods Interest Rate Single Future Payment x Table Factor = Amount Borrowed
First payment 1 6% $8,000 x = Second payment 2 6% 8,000 x = Third payment 3 6% 8,000 x = Fourth payment 4 6% 8,000 x =
Answers
The question presents an exercise in which C&H Ski Club borrows a series of six annual payments of $10,000 each and four annual payments of $8,000. It's required to calculate the present value of these two separate annuities.
The given problem presents that C&H Ski Club borrowed two loans from a bank and agreed to pay back those loans in six annual payments of $10,000 each and four annual payments of $8,000 each. The annual interest rate for both loans is 6%.
The present value of the first annuity can be calculated by adding the present value of each annual payment. As the payments are equal, the present value of the annuity can be calculated using the formula for the present value of an annuity. The present value factor can be obtained from the Present Value of an Ordinary Annuity Table.
The formula for the present value of an annuity is given by PV = A * (1 - (1 + i) ^ -n ) / i
Here, A is the annual payment, i is the interest rate per period, and n is the number of periods.
As per the given data, the present value of the first annuity is calculated as follows:
PV of annuity of 6 payments of $10,000 at 6% interest rate= $10,000 * 4.11176 + $10,000 * 3.89001 + $10,000 * 3.66510 + $10,000 * 3.43696 + $10,000 * 3.20511 + $10,000 * 2.96900= $61,065.92
The present value of the second annuity can also be calculated using the formula for the present value of an annuity.
PV of annuity of 4 payments of $8,000 at 6% interest rate= $8,000 * 3.46511 + $8,000 * 3.25511 + $8,000 * 3.05037 + $8,000 * 2.85068= $27,162.56
Therefore, the present value of both separate annuities is $61,065.92 + $27,162.56 = $88,228.48.
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According to the information presented in this video, organizations have options for responding to problematicuser-generated social media content that include all of the following EXCEPT _____.
A. leaving it B. deleting it C. changing it D. responding to it E. taking no action
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According to the information presented in the video, organizations have options for responding to problematic user-generated.
What is social mediaSocial media is a collective term for websites and applications that focus on communication, community-based input, interaction, content-sharing and collaboration.
People use social media to stay in touch and interact with friends, family and various communities. Businesses use social applications to market and promote their products and track customer concerns.
Business-to-consumer websites include social components, such as comment fields for users. Various tools help businesses track, measure and analyze the attention the company gets from social media, including brand perception and customer insight.
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Jannah is reviewing a report that a new marketing manager put together after assessing her small business. If Jannah wants to learn how familiar a customer market is with her company’s products or services, what section of the marketing report should she review?
A.
Financial
B.
Quality control
C.
Brand recognition
D.
Profit margins
Answers
Movie tickets and film streaming services are substitutes. If the price of film streaming increases, what happens in the market for movie tickets?.
Answers
Answer:
Since no one would be buying the movie tickets then the market would go down and probably crash. hope this helps!
What was the primary reason for establishing catholic missions in spanish texas?.
Answers
The main goals of the catholic mission were to gain dominance over the area and propagate Christianity.
The Catholic missions were established with the intention of progressively integrating native Indians into Spanish culture. The frequently nomadic tribes are also reduced to or gathered into a settlement, converted to Christianity, and taught agricultural and craft skills. As a result, it was up to the priests to instruct the Indians on how the Spanish desired them to conduct themselves as Christians.
In order to prepare the Indians for absorption into Spanish civilization, the priests guided them through their daily routines. The mission was to be secularized once these objectives were achieved. The local bishop was to take control of the church and appoint "secular" clergy to run it. The land was to be turned over to the Christianized Indians.
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In general, minimum how long you need to monitor a Gigabit Ethernet link to approximate 10-12 BER? OA 1000 seconds 1200 seconds 12 seconds 1000 minutes OE 1 second OF 1012 seconds OB. O.C. D.
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In general, the minimum time you need to monitor a Gigabit Ethernet link to approximate 10-12 BER is 1000 minutes.Option (OE) 1 second is incorrect since 1 second is not enough time to approximate a 10-12 BER. The BER is the ratio of the number of bits that have errors to the total number of bits that have been transmitted.
A 10-12 BER means that out of every 10,000,000,000,000 bits transmitted, 10 bits are likely to have errors. BER testing is important in any data transmission system because it can help detect signal quality issues early on and prevent major problems from arising. A Gigabit Ethernet link typically operates at 1 Gbps. To approximate a 10-12 BER, the system has to send a large number of bits, and this process can take a long time. In general, monitoring the Gigabit Ethernet link for approximately 1000 minutes can help approximate a 10-12 BER.
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What term refers to the process of continuously testing and improving out different versions of the product with customers to find the one that offers the greatest value? recurring methodology political methodology contract methodology lean methodology
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Answer: Lean six sigma
Explanation: Lean Six Sigma is a process improvement methodology designed to eliminate problems, waste and inefficiency, and improve working conditions to better meet customer needs.
It combines Lean and Six Sigma tools, methodologies, and principles into a common and powerful methodology for improving your company's operations.
The team-centric approach of Lean Six Sigma has resulted in maximizing efficiency and dramatically improving profitability for organizations around the world.
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create a SWOT Analysis for Maple Leaf Foods
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SWOT analysis is a strategic tool used to analyze an organization's internal and external environment. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. This type of analysis is carried out to determine the strategic direction that a company should take.
The following is the SWOT analysis of Maple Leaf Foods:
Strengths- Maple Leaf Foods is a well-known food processing company. The company has a strong brand name in the Canadian market. They have a good reputation for producing high-quality food products. The company has strong financial resources. They have the ability to invest in research and development to improve their products.
The company has a broad range of food products and a wide customer base. The company has a strong distribution network and good relationships with their suppliers.
Weaknesses- The company is heavily dependent on the Canadian market. If there are any economic challenges in Canada, it will negatively affect their business. The company has been involved in several recalls over the years, which has impacted their brand image.
Opportunities Maple Leaf Foods can expand its operations to other countries. The company can increase its product range to meet the changing customer needs. Maple Leaf Foods can leverage technology to improve its operations and reduce costs.
Threats There is stiff competition in the food industry. New entrants may pose a challenge to Maple Leaf Foods.The company is vulnerable to changing market trends and customer preferences.
Maple Leaf Foods is exposed to global economic conditions that could impact its business.In conclusion, Maple Leaf Foods has several strengths and opportunities that it can leverage to expand its business. However, the company also faces some weaknesses and threats that it needs to address to remain competitive in the market.
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A disadvantage of a sales orientation is _______. a. constantly assessing competitors' actions b. that production expenses will rise as sales rise c. the expense of hiring a sales force d. a lack of understanding customers' wants and needs
Answers
The correct option is option d. a lack of understanding customers' wants and needs.
A disadvantage of a sales orientation is a lack of understanding customers' wants and needs, as the focus is primarily on selling rather than meeting customer requirements.
How does a sales orientation hinder understanding of customer wants and needs?A sales orientation focuses primarily on selling products or services, often emphasizing aggressive sales techniques and pushing products onto customers.
This approach may lead to a disadvantage of a sales orientation, which is a lack of understanding customers' wants and needs. Instead of actively listening to customers and tailoring products or services to meet their specific requirements, a sales-oriented company may prioritize its own sales targets and strategies.
This can result in a disconnect between what customers truly need and what the company is offering, potentially leading to customer dissatisfaction and a decline in customer loyalty. Therefore,
The correct option is option d. a lack of understanding customers' wants and needs.
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Which of the following individuals would be considered unemployed when calculating the unemployment rate?
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The unemployment rate is a statistics which shows the percentage of the labor force that are with a job in an economy in a given period of time
The individuals which would be considered as unemployed when calculating the unemployment rate includes:
People who are jobless.Individuals looking for a job.Individuals who available for work but are unemployed.The unemployment rate are used government to make important economic decision.
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Answer:
A 22-year-old teacher who recently lost his job and is currently looking for a new one
Explanation:
Individuals that are retired, under the age of 16, or currently employed are not considered when calculating the unemployment rate.
Hope this helps!
suppose that a credit card holder with card-related rental car insurance is driving the rental just outside of denver, colorado when a severe hail storm occurs, causing serious damage to the car. which portion of the card-related rental car insurance might cover damage to the car resulting from hail?a
Answers
Comprehensive portion of the card-related rental car insurance might cover damage to the car resulting from hail .
Comprehensive insurance provides coverage for both repair and replacement costs. Third-party liabilities, damage from an accident, fire, natural disaster, theft, etc. are often covered by comprehensive automobile insurance. Any damage to an automobile, excluding damage from a collision, is covered by comprehensive auto insurance. This covers environmental dangers like deer collisions and falls. Comprehensive coverage, like other types of vehicle insurance, covers a portion of the loss if your automobile is damaged. The "deductible" is a portion of the price that the car owner will also be responsible for paying. Repairs or the purchase of a new car may be covered by the insurance payout. An substantial automobile insurance policy known as "compact vehicle insurance" protects the insured against both their own damages and any third-party liabilities.
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It is always possible to identify all the causes of a problem completely. please select the best answer from the choices provided t f
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It false that the causes of a problem can always possible to identify completely.
What is problem solving?This is when a means is device towards solving a difficult task. When a problem has been identified, the next step is to look for ways of solving such problems.
Hence, It false that the causes of a problem can always possible to identify completely.
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What are the advantages of using social media to evaluate candidates during a job search? Check all that apply. Employers can learn more about a candidate's character. Social media makes it possible to skip the interview process. It allows an employer to discover whether a candidate may be reliable. It helps an employer determine whether a candidate may offend others. Social media can help to weed out candidates who are not a good fit. Employers can determine with total accuracy whether a candidate can do the job.
Answers
Part A. Employers can learn more about a candidate's character.
Part B. When It authorizes an employer to discover whether a candidate may be reliable.
What are the advantages of Social Media?The benefit from a social media post of a job opening. Also, As interested individuals seek out more information regarding the job opportunity, Then your social media page gets more engagement.
Part A. Employers can learn more about a candidate's character.
Part B. It authorizes an employer to discover whether a candidate may be reliable.
Part C. When It supports an employer determine whether a candidate may offend others.
Part D. When The Social media can supports weed out candidates who may not be a good fit.
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Answer: A,C,D,E
Explanation: edge2023
which of the following groups are worse off as a result of the union action in the western state? check all that apply. all workers in the western state workers who find new jobs in the eastern state employers in the western state the original workers in the eastern state
Answers
The groups that are worse off as a result of the union action in the western state are: All workers in the western state, employers in the western state, the original workers in the eastern state.
A union is an organization of workers who come together to achieve shared goals such as better working conditions and higher pay. Union action is the term used to describe the measures taken by a union to achieve these goals. The impact of union action on workers varies depending on the specific measures taken by the union. In some cases, union action can lead to better pay, improved working conditions, and other benefits for workers. However, in some cases, union action can have negative consequences for workers, such as the loss of jobs or reduced wages. In the case of the union action in the western state
The workers who were worse off as a result of the union action are:
All workers in the western state - As a result of the union action, all workers in the western state may face job losses or reduced wages. Employers in the western state - Employers in the western state may face higher labor costs as a result of the union action, which could lead to layoffs or reduced investment in the state. The original workers in the eastern state - If workers in the western state are able to secure higher wages or better working conditions, it could make it more difficult for workers in the eastern state to secure similar benefits, as employers may be less willing to invest in those workers.Learn more about union action https://brainly.com/question/13755302
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Select the examples of early development and Services workplaces. Check all that apply.
A hospital
A private home
An office
A medical clinic
A school
A child care facility
Answers
Answer:
B, E, F
Explanation:
got it right
Answer: B E F
Explanation:
assume+a+bank+offers+an+effective+annual+rate+of+7.26%.+if+compounding+is+monthly+what+is+the+apr?
Answers
The APR (Annual Percentage Rate) can be calculated based on the given effective annual rate of 7.26% with monthly compounding. The APR is approximately 6.98%.
The APR represents the annualized interest rate charged by a financial institution. It is used to compare different loan or investment options. In this case, we are given the effective annual rate of 7.26%, which takes into account the compounding frequency of monthly. To calculate the APR, we need to find the nominal interest rate that would result in the same effective annual rate when compounded monthly. We can use the following formula APR = (1 + i)^n - 1 Where i is the nominal interest rate and n is the number of compounding periods in a year. By substituting the values into the formula, we can solve for i: (1 + i)^12 - 1 = 0.0726 Simplifying the equation: (1 + i)^12 = 1.0726 Taking the twelfth root of both sides: 1 + i = (1.0726)^(1/12) 1 + i = 1.005992 Subtracting 1 from both sides: i = 0.005992 Converting the decimal to a percentage, the APR is approximately 0.5992%, which is rounded to 6.98%.
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Which of the following is not one of the 3 major ways to save for retirement
that were discussed in class?
O a. Saving and investing throughout your life
O b. Getting paid via benefits from social security
O d. Liquidating the majority of your assets into cash
O c. Leveraging benefits from your previous job
Answers
The option that is not one of the 3 major ways to save for retirement discussed in class is option
(d) liquidating the majority of your assets into cash.
What is a better way to save for retirementThis is not a sustainable strategy for retirement savings as it involves selling off assets that could potentially generate income and growth over time.
The three major ways to save for retirement are:
a. Saving and investing throughout your lifeb. Getting paid via benefits from social securityc. Leveraging benefits from your previous job (such as a pension plan or 401(k))Learn more about retirement savings at
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PLEASE ANSWER I REALLY NEED HELP ASAP I'LL GIVE YOU EXTRA POINTS IF YOU GIVE ME A REALLY GOOD ANSWER
21. Why were so many people in Germany disenchanted with the results of World War I, once the war ended?
Answers
In the west, the im-pending collapse of the Ger-man Army pro-mpted Germany to seek an armistice.
The Allied delegation, led by Supreme Allied Com-mander Mar-shal Fer-dinand largely ignored US President Woo-drow Wil-son's Fourteen Points for Peace and left no room for compromise.
After the First World War, Germany was forced to accept territorial losses. Germany was forced to pay reparations for all of the devastation it caused in Bel-gium, France, and the United Kingdom. Ger-many's military force was reduced to 100,000 soldiers. As a result, Ger-many was humiliated by the Treaty of Versailles. The German government bears the lion's share of the blame.
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what is stock exchange?
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the -largest category of u.s. government expenditure in 2012 includes programs to support people with low income, such as welfare, public and subsidized housing, and food stamps. multiple choice question.
Answers
The largest category of U.S. government expenditure in 2012 that includes programs to support people with low income is:
a) Social Security
b) Defense spending
c) Education
d) Health care
e) Income security and assistance programs
The correct answer is e) Income security and assistance programs.
Income security and assistance programs encompass various government initiatives aimed at providing support to individuals and families with low income. These programs include welfare, public and subsidized housing, food stamps (Supplemental Nutrition Assistance Program or SNAP), and other forms of income assistance. They are designed to help alleviate poverty, provide basic needs, and improve the economic well-being of vulnerable populations.
It is important to note that government expenditures can vary over time, and the specific allocation of funds may change in different years or depending on policy priorities. However, as of 2012, income security and assistance programs constituted the largest category of U.S. government expenditure focused on supporting individuals with low income.
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Vox tells us that higher taxes or reduced benefits could help the U.S. pay down its debt but might lead to fewer jobs and lower incomes. According to Matthew Iglesias, how could trying to pay down the debt be bad for the economy?
Answers
According to Matthew Iglesias, attempting to pay down the debt through higher taxes or reduced benefits could have negative consequences for the economy.
Firstly, higher taxes on individuals and businesses would leave them with less disposable income and reduce their ability to invest, spend, and create jobs. This could result in a decrease in overall economic activity and hinder economic growth.
Secondly, reducing benefits, such as social welfare programs, could have a similar effect by reducing consumer spending and weakening the purchasing power of those affected. This could lead to a decrease in demand for goods and services, negatively impacting businesses and potentially resulting in job losses.
Iglesias argues that while addressing the national debt is important, policymakers should be cautious about implementing measures that could stifle economic activity and harm individuals and businesses.
He suggests that a more balanced approach, combining responsible fiscal management with strategic investments in areas such as infrastructure and education, would be more conducive to sustainable economic growth and debt reduction in the long run.
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PLEASE HELP IT IS URGENT DO NOT WASTE ANSWERS
Answers
if the required reserve ratio
Answers
Answer:
4
Explanation:
Formula: 1 / Reserve money ratio -> 1 / 0.25 = 4
Marietta opts into a Target app. When she enters a Target store, small Bluetooth devices scattered throughout the store send signals to her phone with personalized deals and information. This is an example of ______ technology.
a. tag.
b. RFID.
c. alien.
d. beacon.
Answers
Assuming small Bluetooth devices scattered throughout the store send signals to her phone. This is an example of d. beacon technology.
What is beacon technology?Beacon technology can be defined as a tiny or small wireless transmitter technology that help to send signals to devices.
One of the example of beacon is blutooth devices. Despite small in size they help to send signal to phone or user device and they as well makes use of low energy.
Inconclusion this is an example of d. beacon technology.
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