Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $ 1 comma 000. During the year you wrote off bad receivables of $ 2 comma 400 and recorded Bad debt expense of $ 2 comma 300. What is your year-end balance in Allowance for uncollectible accounts?
Answers
Answer: 900
Explanation:
Answer is 900 because if we draw allowance ledger account in statement form i.e
Brought down allowance : 1000
Bad debt expense 2300
Written off receivables (2400)
Balance- year end 900
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Alps Ski Co is looking for new markets for both its brick and mortar retail stores and its catalog division. Alps Ski Co would most likely use a(n) ______ base for market segmentation of its stores and a(n) ______ base for market segmentation of its catalog division.
Which of the following is the best definition of a bit?A. A measure of computer graphics and soundB. A physical signal that becomes a digital signalC. single 1 or 0 in a digital signalD. An electrical signal in a wire
As a gift from your parents, you just received $50,000 for your education. You can earn an annual rate of 8% on your investments. How much can you withdraw each year (end of year) for the next 4 years just using up the $50,000?
People who make goods and services are called _____ . consumersproducersinvestors
B. a coupon
C. interest
D. maturity value
Answers
Answer:
A. Face value
Explanation:
Answers
General company description will inform you what type of organization that company is, whether it's a Corporation, a Sole-Proprietorship , a firm , a non-profit Organization, a Limited-Liability corporation, etc
Answers
Which is why Researching your company's mission statement will allow you to create a team goal that Fit your company culture .
Answer:
a.
Is very clever and well written
b.
Engages upper management
c.
Contrasts with other teams
d.
Fits with your company culture
Explanation:
Answers
Answer:
Distinctive Competence.
Explanation:
As Funsase is a clothing company in Rockbourne which manufactures clothing with micro-cool, a special type of fabric that can absorb heat and keep the individual wearing the clothes cool in the summer. None of its competitors have been able to manufacture this type of clothing. This ability of producing superior quality clothing is the company's distinctive competence. Distinctive competence can be defined as those actions, activities or parts of the business which one firm does quite well than its competitors. It means that if one business is doing something better than their competitors, than it is certainly having a competitive advantage over its competitors. In order to achieve competitive advantage, a firm must either perform its activities in a different way or it should perform totally different activities as compared to their competitors. This is the basic essence and logic behind getting a sustainable competitive advantage.
Answers
Answer:
Ira would pay $122.08
Explanation:
Sales tax is a tax levied on a customer (by the government) for the consumption of a product. The final consumer who utilizes the product bears the burden of such tax.
The tax is usually a percentage of the price of the product.
For Ire who bought a racket that cost $112, at a sales tax rate of 9%, the tax to be paid by Ire
= 9% of $112
=×
= 10.08
The sales tax is $10.08
Total amount to be paid
= cost of item + sales tax
= 112 + 10.08
= 122.08
Total amount paid by Ire for the racket is $122.08
112 + 10.08 = 122.08
Answers
Answer:
C) Cash...........................600,000............Unearned Subscription Revenue.....600,000
Explanation:
January 31: 60,000 subscriptions sold
- Dr Cash account 600,000
- Cr Unearned Subscription Revenue account 600,000
Since cash is an asset account and it increases, then it should be debited.
Unearned revenue is a liability account, since the company received money in advance for future publications. When liabilities increase, they should be credited.