subject
Business, 18.04.2020 02:40 edjiejwi

The following information is available for Waterway Industries:
Allowance for doubtful accounts at December 31, 2019 $23900
Credit sales during 2020 1340000
Accounts receivable deemed worthless and written off during 2020 25900
As a result of a review and aging of accounts receivable in early January 2021, it has been determined that an allowance for doubtful accounts of $16300 is needed at December 31, 2020.
Required:
(A) What amount should Waterway record as "bad debt expense" for the year ended December 31, 2020?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 16:50
Slow ride corp. is evaluating a project with the following cash flows: year cash flow 0 –$12,000 1 5,800 2 6,500 3 6,200 4 5,100 5 –4,300 the company uses a 11 percent discount rate and an 8 percent reinvestment rate on all of its projects. calculate the mirr of the project using all three methods using these interest rates.
Answers: 2
question
Business, 22.06.2019 21:50
Required: 1-a. the marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. calculate the increase or decrease in net operating income. 1-b. should the advertising budget be increased ? yes no hintsreferencesebook & resources hint #1 check my work 8.value: 1.00 pointsrequired information 2-a. refer to the original data. management is considering using higher-quality components that would increase the variable expense by $2 per unit. the marketing manager believes that the higher-quality product would increase sales by 10% per month. calculate the change in total contribution margin. 2-b. should the higher-quality components be used? yes no
Answers: 1
question
Business, 23.06.2019 00:30
Emerson has an associate degree based on the chart below how will his employment opportunities change from 2008 to 2018
Answers: 3
question
Business, 23.06.2019 03:30
What does the term "smalling up" mean, according to white? what ways have you or people you know had to "small up"? if you haven't, what ways could you?
Answers: 2
You know the right answer?
The following information is available for Waterway Industries:
Allowance for doubtful accoun...
Questions
question
Mathematics, 27.11.2020 01:50
question
Mathematics, 27.11.2020 01:50
question
Mathematics, 27.11.2020 01:50
question
Chemistry, 27.11.2020 01:50
question
Mathematics, 27.11.2020 01:50
Questions on the website: 13722363