subject
Business, 19.12.2019 21:31 neilleggon24

Trainor company estimates bad debt expense using a percentage of credit sales (5%). the company began its current year with an $8,500 balance in the allowance account. during the current year, $10,500 of accounts receivable were written off, and $1,200 of previously written off accounts were collected. credit sales for the year were $255,000. the bad debt expense for the year wasa) $12,750b) $11,550c) $10,500d) $8,500

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:20
Look at this check register. calculate the current balance. check date transaction (+) deposit balance 5/1 5/3 $82.92 debit 8.00 78.24 005 monthly fee phone bill paycheck 1 125.00 5/15 5/17 5/20 atm 40.00 56.50 006 t ennis lessons the current balance is?
Answers: 1
question
Business, 22.06.2019 06:40
Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.
Answers: 2
question
Business, 22.06.2019 08:30
What is the equity method balance in the investment in lindman account at the end of 2018?
Answers: 2
question
Business, 22.06.2019 10:10
Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):
Answers: 1
You know the right answer?
Trainor company estimates bad debt expense using a percentage of credit sales (5%). the company bega...
Questions
question
English, 19.07.2019 09:00
Questions on the website: 13722367