MATHEMATICS HIGH SCHOOL

Blue Skies Equipment Company uses the aging approach to estimate bad debt expense at the end of each accounting year. Credit sales occur frequently on terms n/60. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, (2) up to one year past due, and (3) more than one year past due. Experience has shown that for each age group, the average loss rate on the amount of the receivable at year-end due to uncollectibility is (a) 3 percent, (b) 9 percent, and (c) 28 percent, respectively. At December 31, 2019 (end of the current accounting year), the Accounts Receivable balance was $48,700 and the Allowance for Doubtful Accounts balance was $920 (credit). In determining which accounts have been paid, the company applies collections to the oldest sales first. To simplify, only five customer accounts are used; the details of each on December 31, 2019, follow:

Answers

Answer 1

Answer:

Answer:

hello your question is incomplete attached below is the missing table

answer = $48700

Step-by-step explanation:

Calculate the total account receivable in each age category

1) not yet due age category

= $4000 + $4000 + $7000

= $15000

2) up to 1 year age category

= $20500 + $7000

= $27500

3) more than 1 year age category

= $6200

therefore the total amount of account receivables = 15000 + 27500 + 6200 = $48700

Answer 2

Answer:

Final answer:

The aging approach categorizes accounts receivable based on how long they've been due. The bad debt expense is estimated by multiplying the total receivables in each category by the corresponding nonpayment rate. Any excess of calculated bad debt over the existing allowance balance is recorded as bad debt expense for the year.

Explanation:

The aging approach to estimating bad debt involves assessing the likelihood of nonpayment of each debt based on how long it has remained due. In this scenario, Blue Skies Equipment Company has categorized its accounts receivables into three groups: not yet due, up to one year past due, and more than one year past due.

To estimate their bad debt expense, they multiply the total of receivables in each category by the corresponding nonpayment rate: 3%, 9%, and 28%. These calculated figures will give the expected uncollectible amount for each category. Then, they would sum up these amounts to determine the overall bad debt expense for the year.

It's important to note that at the end of the year, a comparison is made between the calculated bad debt expense and the existing balance in the Allowance for Doubtful Accounts. Any excess of calculated bad debt over the existing allowance balance is recognized as bad debt expense for the year.

Learn more about Aging Approach here:

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Select all statements that are true about the linear equation.y=4x−3

The graph of the equation is a single point, representing one solution to the equation.

The point (1, 1) is on the graph of the equation.

4x−y=−3 has the same graph.

Since the point (0, −3) is a solution to the equation, it is on the graph of the equation.

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Answers

The correct answer for this question would be:

"The graph of the equation is the set of all points that are solutions to the equation."

"The point (1, 1) is on the graph of the equation."

And "The point (0, -3) is on the graph of the equation."

- I just took the test.

For point (1, 1): 1 = 4(1) - 3 = 4 - 3 = 1.
Therefore, the point (1, 1) is on the graph of the equation.

Since the point (0, −3) is a solution to the equation, it is on the graph of the equation.

The graph of the equation is the set of all points that are solutions to the equation.

What is the ranges for f(x) = 2x + 4 when the domains are 1, 2, 3, and 10

Answers

The ranges would be 6, 8, 10, and 24, hope this helps!

what are the coordinates of R, the image p(2,3) under clockwise rotation 90 degrees about the origin?

Answers

Answer:

p' (3, - 2 )

Step-by-step explanation:

under a clockwise rotation of 90 about the origin

a point (x, y ) → (y, - x ) , then

p (2, 3 ) → p' (3, - 2 )

PLEASE HELP ASAP!!! I NEED CORRECT ANSWERS ONLY PLEASE!!!Find PR.

Write your answer as an integer or as a decimal rounded to the nearest tenth.

PR =

Answers

The length of PR is 4.4 units.

Explanation:

It is given that the length of the hypotenuse is 10 units.

Also, the angle of R is 64°

To find the length of PR, we shall use the cosine formula,

$\cos \theta=(a d j)/(h y p)$

Here, $\theta=64$ , adj = PR and hyp = 10

Substituting these values in the formula, we get,

$\cos 64=(P R)/(10)$

Multiplying both sides by 10, we get,

$10*\cos 64={P R}$

Substituting the value for cos 64, we get,

$10*0.438={P R}$

Multiplying, we have,

$4.38=PR$

Rounding off, we get,

$PR=4.4$

Thus, the length of PR is 4.4 units.

Tatami mats are used as a floor covering in Japan. one possible layout uses four identical rectangular mats and one square mat. The area of the square mat is half the area of one of the rectangular mats. What is the length and width of one rectangular mat?

Answers

Answer with explanation:

→ Let L be the Length and B be the Breadth of rectangular mat.

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=L*B square units

→ Let , a be the side of Square.

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=a² square units

→→It is also, given that The area of the square mat is half the area of one of the rectangular mats.

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So by definition, area is equal to the length (x) times the width (y). The area of the square mat is = x × y, or xy
If the area of the rectangular mat is twice that of the square mat, the area of the rectangular mat would have to be = 2 × x × y
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