subject
Business, 01.05.2021 04:50 eriter3574

The following information pertains to Lightning Inc., at the end of December: Credit Sales $ 20,000 Accounts Payable 10,000 Accounts Receivable 11,800 Allowance for Uncollectible Accounts 400 credit Cash Sales 20,000 Lightning uses the aging method and estimates it will not collect 7% of accounts receivable not yet due, 20% of receivables up to 30 days past due, and 46% of receivables greater than 30 days past due. The accounts receivable balance of $11,800 consists of $7,500 not yet due, $2,300 up to 30 days past due, and $2,000 greater than 30 days past due. What is the appropriate amount of Bad Debt Expense

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 10:00
What is the difference between an "i" statement and a "you" statement? a. the "i" statement is non-confrontational b. the "you" statement is non-confrontational c. the "i" statement is argumentative d. the "you" statement is neutral in tone select the best answer from the choices provided
Answers: 1
question
Business, 22.06.2019 17:40
Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above
Answers: 3
question
Business, 22.06.2019 21:30
Russell's study compared gpa of those students who volunteered for academic study skills training and those who did not elect to take the training. he found that those who had the training also had higher gpa. with which validity threat should russell be most concerned?
Answers: 2
question
Business, 23.06.2019 08:30
During his last performance review, franco's boss urged him to set some short-term and long-term sales goals to him perform better at work. which workplace skill does franco's boss want him to improve?
Answers: 2
You know the right answer?
The following information pertains to Lightning Inc., at the end of December: Credit Sales $ 20,000...
Questions
question
Mathematics, 22.04.2021 22:50
question
English, 22.04.2021 22:50
question
Mathematics, 22.04.2021 22:50
Questions on the website: 13722361