subject
Business, 15.10.2019 18:00 caschmitt3821

Wildhorse company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. in 2020, wildhorse decides to increase its estimate to 2%. if the new rate had been used in prior years, cumulative bad debt expense would have been $407,000 instead of $305,250. in 2020, bad debt expense will be $132,000 instead of $99,000. if wildhorse’s tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate?

ansver
Answers: 1

Another question on Business

question
Business, 20.06.2019 18:04
Based on what you've learned about the professions, which ones appeal to you as a potential career and why? if none interest you as a future career, indicate another career you're interested in and explain why that career interests you.
Answers: 3
question
Business, 21.06.2019 14:00
Before downloading a new app on your phone, you need to pay attention to
Answers: 2
question
Business, 22.06.2019 00:40
The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)
Answers: 3
question
Business, 22.06.2019 22:50
Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand.b. price increases have failed to bring about demand management.c. demand exceeds capacity.d. demand exceeds 100 percent.e. the existing product has seasonal or cyclical demand.
Answers: 3
You know the right answer?
Wildhorse company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable...
Questions
question
Social Studies, 08.04.2021 19:00
question
Mathematics, 08.04.2021 19:00
question
Mathematics, 08.04.2021 19:00
Questions on the website: 13722360