Business, 16.11.2019 00:31 2020sanchezyiczela
Kingbird, inc. uses the percentage-of-receivables method for recording bad debt expense. the accounts receivable balance is $39 and credit sales are $156. management estimates that 5% of accounts receivable will be uncollectible. what adjusting entry will kingbird, inc. make if the allowance for doubtful accounts has a credit balance of $3900 before adjustment?
Answers: 3
Business, 21.06.2019 15:30
Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce 32 million pairs per month, and the country that produces corn will produce 32 million bushels per month.
Answers: 1
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
Business, 22.06.2019 16:00
Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?
Answers: 1
Business, 22.06.2019 16:00
If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
Answers: 3
Kingbird, inc. uses the percentage-of-receivables method for recording bad debt expense. the account...
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