subject
Business, 05.11.2019 01:31 baeethtsadia

At the beginning of year 3 omega company had a $52,000 balance in its accounts receivable account and a $1,400 balance in allowance for doubtful accounts. during year 3 omega experienced the following events. (1) omega earned $220,000 of revenue on account. (2) collected $230,000 cash from accounts receivable. (3) wrote-off $1,000 of accounts receivable as uncollectible. omega estimates uncollectible accounts to be 4% of receivables. based on this information, the december 31, year 3 balance in the accounts receivable account isa. $41,000.b. $40,000.c. $52,000.d. none of the answers is correct.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:00
When color is used on a topographical drawing, black is used to represent what?
Answers: 1
question
Business, 22.06.2019 08:10
Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?
Answers: 3
question
Business, 22.06.2019 14:30
Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?
Answers: 1
question
Business, 22.06.2019 14:40
You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?
Answers: 2
You know the right answer?
At the beginning of year 3 omega company had a $52,000 balance in its accounts receivable account an...
Questions
question
English, 24.08.2019 16:30
Questions on the website: 13722362