At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $302,000 and in Allowance for Uncollectible Accounts of $940 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. Bad debt expense for the year should be:

Answers

Answer 1

Answer:

$5,230

Explanation:

Account receivable balance = $310,000

Credit balance in allowance for uncollectible accounts = $970

Given percentage = 2%

So by considering the above information, the bad debt expense is

= Account receivable balance × given percentage - credit balance in allowance for uncollectible accounts

= $310,000 × 2% - $970

= $6,200 - $970

= $5,230


Related Questions

What is institutional advertising focused on promoting?
____________________
A. A company
B. The Internet
C. A service
D. A good

Answers

Answer:

BONJOUR,

A OPTION IS THE ANSWER

MERCI

Which investment strategy would work best if you wanted to grow your
investment slowly without losing much money?
A. Low risk, low return
B. High risk, high return
C. Low risk, high return
D. High risk, low return

Answers

The best answer would probably be a low risk, low return.

An investment strategy with low risk and low return would be the best one if you wanted to grow your investment slowly without losing the money.

Which investment strategy is best to use?

An investment strategy with low risk and high return is best to adopt for the motive of earning high profit.

Investments with low risk are much safer than high risk. It also provides the chances for larger gains.

It would be a profitable to choose the investment only with low risk factor.

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Research simply involves reading about a subject.
- True
✅False

Answers

Answer:

Its false

Explanation:

you got it right

If there is a shortage in gasoline then,
a) the price of gasoline will tend to rise.
b) the purchase plan of buyers are not being fully achieved.
c) buyers will tend to compete amongst themselves for more gasoline.
d) all of the above are true.
e) none of the above is true

Answers

Answer:

all of the above are true.

Explanation:

They will rise because people may want the gas to last longer and people might be wanting to buy it more and that will help the owners to earn more.

The purchase plan of buyers an not achieved because they may not be able to buy when they needed it to be bought (If that is what was meant there)

The buyers will compete because if people don't have it they won't be able to drive anywhere which people more often drive to get to places such as stores and work.

Hope this Helps

If Japan ____, then Japan is guilty of dumping cars into the US market.
A) sells cars in the US for a price above production costs
B) sells cars in the US for a price below production costs
C) produces cars at a lower cost than the US can produce them
D) produces cars at a higher cost than the US can produce them

Answers

Answer: A) sells cars in the US for a price above production costs

Explanation:

Hope this helps!

which task is carried out by book keeping

Answers

Answer:

Explanation:

Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.

during the introduction stage sales are ______ and profit is ______.

Answers

Product Life cycle Management has several stages. The stages determined the growth and low downs of product. During the introduction stage, sales are growing slow(low) and profit is minimal.

Market Introduction stage is often called the introduction stage that has a low growth rate of sales as the product is said to be recently brought into limelight and consumers may not know much about it.

Most times, firms do experience losses rather than profits during this stage. and so when product is new on the market and small or no profit is made due to high costs and low sales.

Conclusively, the stage gives a lot of opportunities such as low competition in the market.

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Kendrick is highly knowledgeable about new developments in computer technology, since he reads everything he can find about the subject. Typically, being the first to try out new computer parts and models, he would be classified ________ in terms of the diffusion of innovation curve.

Answers

Kendrick as a personel who is highly knowledgeable as regards new developments in computer technology, and in all means try to explore new computer parts and models can be regarded as an Innovator in the domain of diffusion of innovation curve.

The innovation adoption curve can be regarded as the curve that showcase how users falls into different categories, this is usually classified as per their willingness to accept new technology or an idea.

Kendrick, in this case try out the new computer part with all willingness.

Therefore, Kendrick can be seen as innovator.

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which budgeting approach requires justification for all expenditures

Answers

Answer:

i would love to help you but i dont know the answer

the elements of a brand that cannot be spoken are called the ______.

Answers

The elements of a brand that cannot be spoken are called the brand mark.

Every band has its properties and elements such as the brand name and

brand equity which can be spoken to describe what the brand is all about.

These elements are usually unique and helps to describe the brand and its

operations.

However , the brand mark is like a logo and contains pictorial properties

which can be seen.

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Infomercial are _than commercials.
a. longer
b. funnier
C. more entertaining
d. shorter

Answers

The answer is D.Shorter

Answer:

A

because infomercials have information in them so they can't be funnier or more entertaining and shorter wouldn't really make sense so the best choice is longer.

On May 12, 2022, Hudson Merchandise sold merchandise on account to Guzman Housewares for $6,897, terms 3/10, n/30. If Guzman returns merchandise with a sale price of $318 on May 15, 2022, what amount will Hudson record in their Cash account if Guzman pays in full on May 20, 2022

Answers

The amount that Hudson will record in their Cash account if Guzman pays in full on May 20, 2022 is $6381.63.

Using this formula

Cash account =[(Merchandise on account - Merchandise sale price)× (1-Discount rate)]

Where:

Merchandise on account=$6,897

Merchandise sale price=$318

Discount rate=3%

Let plug in the formula

Cash account=[($6,897 - $318)×(1-0.03)]

Cash account=$6,579× 0.97

Cash account= $6.381.63

Inconclusion the amount that Hudson will record in their Cash account if Guzman pays in full on May 20, 2022 is $6381.63.

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which of the following is not one of the six functional areas of business that sits on a foundation of business law?

Answers

Answer:

state and federal taxation

Explanation:

Match the terms to their definitions.
Question 1 options:

employing (someone) for wages

the process of finding new people to join an organization

informs applicants about the responsibilities and required qualification

the process of integrating a new employee into an organization
maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce.

a proposal put forward by an employer to a prospective employee

serve the purpose of gathering information about a prospective employee from previous employers

internal (employees within the company) and external (people outside the company)

the money the employee will receive as a salary or wages

a face to face meeting between an employer and a job applicant


1.

Hiring
2.

Interview
3.

Job Description
4.

Recruitment
5.

Recruitment Plan
6.

Compensation
7.

Offer
8.

Onboarding
9.

References
10.

Types of Recruitment

Answers

The question requires matching the terms to their definitions.

Hiring is the process of employing (someone) for wages.

Recruitment is the process of finding new people to join an organization.

Job Description informs applicants about the responsibilities and required qualification.

Recruitment Plan is the process of integrating a new employee into an organization, maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce.

Offer is a proposal put forward by an employer to a prospective employee.

References serve the purpose of gathering information about a prospective employee from previous employers.

Types of Recruitment: internal (employees within the company) and external (people outside the company).

Compensation the money the employee will receive as a salary or wages.

Interview a face to face meeting between an employer and a job applicant.

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Answer:

employing (someone) for wages - Hiring

the process of finding new people to join an organization - Recruitment

a proposal put forward by an employer to a prospective employee - Offer

serve the purpose of gathering information about a prospective employee from previous employers - References

a face to face meeting between an employer and a job applicant -Interview

the money the employee will receive as a salary or wages - Compensation

internal (employees within the company) and external (people outside the company) - Types of Recruitment

maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce - Recruitment Plan

informs applicants about the responsibilities and required qualification -Job Description

the process of integrating a new employee into an organization -Onboarding

Here are answers for K-12

All correct and answered :D

Melanie's country has recently gone through a change in governance. The new government has enacted policies to reduce barriers to
International trade, which will boost its economy. What type of trade policies has Melanie's country adopted?
Melanie's country has adopted
policies by reducing international trade barriers.

Answers

A trade barriers reducing policy is the policies that the Melanie's country has adopted to reduce international trade barriers.

What are trade barriers?

A trade barrier refers to a natural barrier or imposed restraint by government on the flow of international goods or services.

Some examples of trade barrier includes import quotas, embargoes, buy-national regulations, distance, language etc.

In conclusion, a trade barriers reducing policy is the policies that the Melanie's country has adopted to reduce international trade barriers.

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There is no direct relationship between economies of scale and economies of scope because A. economies of scale pertain to one output and economies of scope pertain to more than one output. B. economies of scale pertain to and economies of scope pertain to . C. economies of scale pertain to and economies of scope pertain to . D. economies of scale pertain to more than one input and economies of scope pertain to one input. E. economies of scale pertain to one input and economies of scope pertain to more than one input.

Answers

Answer:

c

Explanation:

__________________ innovations are new and useful products that change everything, but particularly customer behavior. __________________ innovations are new and useful products that change everything, but particularly customer behavior. Dynamically continuous Discontinuous Continuous Dynamically discontinuous

Answers

Answer: Discontinuous

Explanation: I hope this helps

suggest any 5 methods by which the condition of technical education can be improved ​

Answers

Answer:

Acknowledge and address overcrowding.

Make funding schools a priority.

Address the school-to-prison pipeline.

Raise standards for teachers.

Put classroom-running and curriculum-building decisions in the hands of the community.

Explanation:

Technology can be utilized to improve teaching and learning and help our students be successful. ... Through the use of learning management systems (LMS) students can access online resources to get assistance on demand beyond the physical reach of their teacher. Technology can also extend education in another way.

assisted projects aimed at improving technical and vocational education. Introduction ... priorities as defined by aid recipients (see, for example, Gray &.

Technical education is a term applied to schools, institutions, and educational programs that specialize in the skilled trades, applied sciences, modern technologies.

Investors are often presented with risky investment opportunities. While high risk is typically avoided by
savvy investors, which of the following would the ideal risky investment offer? (1 point)
O higher returns and higher liquidity than other investments
O higher returns and lower liquidity than other investments
O
o
O
lower returns and lower liquidity than other investments
O lower returns and higher liquidity than other investments

Answers

The typical ideal risky investment offers a higher returns and lower liquidity than other investments

Risky investment are investment which has the property of being risky and usually take long period of time to start yielding higher return for the investors.

Example of Risky investment includes Options, Futures, Stocks Investments, Equity, and other Capital market instruments etc

The advantage of risky investment is that the yield on return are very higher than non-risky investment such as Money market

The disadvantage of the investment is that its offer lower liquidity, that is, the rate at which the investment can be converted back to cash is very slow.

Therefore, the Option B is correct because Risky investment offers higher returns and lower liquidity than other investments.

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Answer:

higher returns and higher liquidity than other investments

Explanation:

just took the test and got it correct

Imagine there are two countries: A and B. These countries have the same amount of resources and both produce two goods, pens and scissors. If country A dedicates all of it's resources to pens, it can produce 1000 pens. If country A dedicates all of it's resources to scissors, it can produce 3000 scissors. If country B dedicates all of it's resources to pens, it can produce 500 pens. If country B dedicates all of it's resources to scissors, it can produce 1000 scissors. Now try a different trade ratio.

Required:
Which country would accept and/or not accept a trade of 200 pens for 500 scissors (i.e. the trade would benefit them)?

Answers

Answer:

The American statesman Benjamin Franklin (1706–1790) once wrote: “No nation was ever ruined by trade.” Many economists would express their attitudes toward international trade in an even more positive manner. The evidence that international trade confers overall benefits on economies is pretty strong. Trade has accompanied economic growth in the United States and around the world. Many of the national economies that have shown the most rapid growth in the last few decades—for example, Japan, South Korea, China, and India—have done so by dramatically orienting their economies toward international trade. There is no modern example of a country that has shut itself off from world trade and yet prospered. To understand the benefits of trade, or why we trade in the first place, we need to understand the concepts of comparative and absolute advantage.

In 1817, David Ricardo, a businessman, economist, and member of the British Parliament, wrote a treatise called On the Principles of Political Economy and Taxation. In this treatise, Ricardo argued that specialization and free trade benefit all trading partners, even those that may be relatively inefficient. To see what he meant, we must be able to distinguish between absolute and comparative advantage.

A country has an absolute advantage in producing a good over another country if it uses fewer resources to produce that good. Absolute advantage can be the result of a country’s natural endowment. For example, extracting oil in Saudi Arabia is pretty much just a matter of “drilling a hole.” Producing oil in other countries can require considerable exploration and costly technologies for drilling and extraction—if indeed they have any oil at all. The United States has some of the richest farmland in the world, making it easier to grow corn and wheat than in many other countries. Guatemala and Colombia have climates especially suited for growing coffee. Chile and Zambia have some of the world’s richest copper mines. As some have argued, “geography is destiny.” Chile will provide copper and Guatemala will produce coffee, and they will trade. When each country has a product others need and it can be produced with fewer resources in one country over another, then it is easy to imagine all parties benefitting from trade. However, thinking about trade just in terms of geography and absolute advantage is incomplete. Trade really occurs because of comparative advantage.

Explanation:

The country that should accept trade  200 pens for 500 scissors is Country B.

What is comparative advantage?

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. If the country does not have a comparative advantage inthe production of a good, that goos should be imported.

Opportunity cost in producing 1 scissors:

For country A = 1000 / 3000 = 1/3

For country B = 500 /1000 = 1/2

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what is the annual interest rate for a 90-day note issued with a face value of $8,000 that will earn interest of $160?

Answers

Djjdjsjshddhdhhdhdhdjdjjdjdj

The annual interest rate for this note that would earn the interest of $160 is 8%.

In order to solve this problem, we have to use the interest rate formula

[tex]InterestRate = P*R *T[/tex]

where

P = PrincipalR= RateT = Time

We divide 90 days by the total days in a year

= 90/365

= 0.2466

Principle * time

= 0.2466 * 8000 = 1972.6

The annual interest rate

= 160/1972.6

= 0.081

= 8%

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Scenario 4:
You just got the keys to your first apartment. You also have a new credit card with a $4,000 limit and you use it to
furish your new place. Before you know it, you've bought a TV, a couch and a dining room table. When you get the credit card bill, you realize you’ve spent your full credit limit of $4,000.
the credit card bill, you realize you've spent your full credit limit of $4,000.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?

Answers

Answer:

Explanation:

Scenario 1:

You want to purchase a new vehicle and you have your heart set on a brand new SUV. You take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees.

1. Does your credit score go up or down?

   Your Credit Card score will go down.

2. Why does it go up or down?

   It went down because you were late on your payments.

3. If your score goes down, how can you fix it?

   Pay your payments on time.

Scenario 2:

You’ve been eager to buy a new cell phone for months, and now you’re ready to make it happen. You use your credit card to purchase the phone and you set up automatic billing to pay the monthly expenses. At the end of each month, you pay the credit card bill in full.

1. Does your credit score go up or down?

   It goes up.

2. Why does it go up or down?

   You pay your bills on time.

3. If your score goes down, how can you fix it?

   It doesn't go down.

Scenario 3:

Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don’t have to pay your loan back until you graduate, you’ve saved enough by the end of the semester and you will pay off the loan in full.

1. Does your credit score go up or down?

   Your score will go up.

2. Why does it go up or down?

   You will pay the loan back in full.

3. If your score goes down, how can you fix it?

   It doesn't go down.

The credit score of the person is going to go down because it would mean that they have no credit left.

What is a credit score?

This is a score that tells how a person is performing based on the credit that they apply for from financial services.

The credit score is going to go down because it would mean that they would be needing more credit.

If the score goes down the best way to make it rise is by making payments on time for the credit collected.

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In choosing between two investments, if one has the higher expected return but the other has the lower standard deviation, we use another measure of risk called _____________. To obtain this measure we divide the _____________ by the ____________. This measure shows the amount of_____________ per unit of return and provides a more useful risk measure when the expected returns on two alternatives are different.

Answers

Based on the information given in the paragraph above, the measures that fill in the blanks in order are:

Coefficient of Variation Standard deviation Expected return Risk

When we have an investment with a higher expected return and a higher standard deviation than another investment, we can then base our decision on the amount of risk that we incur per return of the investment.

This measure is called the coefficient of variation and it is calculated thus:

= Standard deviation / Expected return

This will then show you the risk incurred per unit of return. The investment with the lower coefficient is the better one.

In choosing between two investments, if one has the higher expected return but the other has the lower standard deviation, we use another measure of risk called Coefficient of Variation. To obtain this measure we divide the Standard deviation by the Expected return. This measure shows the amount of Risk per unit of return...

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the Following 4. Journal sita ram Started business RS 50,000 andbank 100,000 with deposit​

Answers

Answer:

Whats the question

Explanation:

Review three online articles that describe characteristics of a good investment opportunity. write a one - paragraph summary of each.

Answers

Answer:

1. Ownership Investments

Ownership investments are the most volatile and profitable class of investment. The following are examples.

Stocks

Owning stock means owning a portion of a company. It may be a miniscule stake, but it's ownership.

More broadly speaking, all traded securities, from futures to currency swaps, are ownership investments. Investors purchase them in order to share in the profits, or because they will increase in value, or both.

Some of these investments, such as stocks, come with the right to a portion of the company's value. Others, such as futures contracts, come with the right to carry out a certain action that will benefit their owners.

2.     Let’s face it, starting a business can be expensive. Few entrepreneurs have the cash on hand to get the ball rolling without some outside help. If you’re starting a small business or looking to grow your business, you may seek financing through a traditional loan, a microloan, or cash from your friends and family. You can also seek funding from investors which is why it’s important to understand what investors look for before investing.

Remember that investors are fundamentally different from lenders, and you’ll need to consider that when you decide what kind of funding you want. Lenders give you money and you repay it with interest. Investors give you money in exchange for ownership of part of your business. Their investments may come with restrictions–that you have to get approval for transactions over a certain dollar amount, for example, or that you have to set up an independent Board of Directors. And investors have certain rights, too, which you should discuss with your lawyer before jumping in.

Investors can be a great thing for your business. First, an investor isn’t demanding repayment every month because it’s not a loan. An investor can also be a reliable source for business advice and may have a strong business network that you can draw on. But this isn’t free money – your investors will have certain expectations.

If you do decide that you want to seek funding from investors, how do you draw them in? What is it that makes them decide to put money into a business?

3.    As an investor, you have a lot of options for where to put your money. It’s important to weigh types of investments carefully.

Investments are generally bucketed into three major categories: stocks, bonds and cash equivalents. There are many different types of investments within each bucket.

Here are six types of investments you might consider for long-term growth, and what you should know about each.  Note: We won’t get into cash equivalents — things like money markets, certificates of deposit or savings accounts — as those types of investment accounts are less about growing your money and more about keeping it safe.

Explanation:

How do i go to the questions page so i can answer other people questions?

Answers

Just click on the “answer” tab

Answer:

You can either go to someone's question and scroll all the way down till you see a good amount of questions to answer. ( that's how I found yours :)))

Another way is you just click the brainly logo up top (mines is in the top left corner) and then scroll down a bit and there will be a list of questions you can answer. You can choose what subject of questions you would like to look at to answer!!

Hope this helps you!!!

Have a blessed day/night <33

Explanation:

the total cost of an asset less its accumulated depreciation is called

Answers

Answer:

Depreciation is called its net cost or carrying amount.

Which one of the following types of charitable contributions is NOT deductible for federal income tax purposes?
A. Contributions made with credit cards where the charge is paid in a subsequent year
B. Travel costs incurred for charitable purposes
C. Contributions made through payroll deduction
D. Cash paid to purchase fundraising products where a portion of the proceeds go to fund a charitable cause

Answers

Answer: B.

Explanation: Contributions to individuals, foreign governments, foreign charities, and certain private foundations similarly are not deductible.

Task 2: Organizational Structures and Managerial Skills

In this activity, you will understand the role of organizational hierarchy and management skills by completing the following tasks:

Conduct online research and explore common organizational structures in any industry of your choice.

Discuss the different qualities and skills that managers working in such an industry should possess.

Answers

Answer:

Sample Answer

Explanation:

Common organizational structures in the magazine industry consist of a chief and managers in charge of different departments. For example, in the editorial department, there is an Editor-in-Chief who is charge of the Managing Editor, Executive Editor, and the Creative Director. Each editor or director has a department they are in charge and have to keep in check. The Managing Editor may put a Copy Chief in charge, but that doesn’t take away the authority of the Managing Editor. Different qualities and skills that managers working in the magazine industry should possess are innovation, excellent writing skills, good research skills, strong interpersonal skills, IT skills, and familiarity with commonly used software, such as HTML, Photoshop, Java, QuarkXPress and InDesign

The hospitality industry typically employs various organizational structures including functional, divisional, and matrix structures.

What are the common organizational structures in the hospitality industry?

In functional structures, departments are divided based on specific functions like marketing, operations, and finance. Divisional structures organize the company into distinct units based on products or geographical regions but matrix structures combine functional and divisional structures to foster collaboration across different departments.

Managers in the hospitality industry should possess a diverse range of qualities and skills to succeed in this fast-paced and customer-centric sector. A strong leadership skills are essential to motivate and guide their teams effectively and exceptional communication skills enable managers to liaise with staff, guests, and stakeholders proficiently.

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NHÀ ĐẤT ĐƯỢC RAO BÁN TRÊN CÁC SÀN GIAO DỊCH BẤT ĐỘNG SẢN LÀ LOẠI HÀNG HOÁ:

Answers

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フ乙几乂 卂

丂Ҝ丂Ҝフㄩㄩᘜ乃Ҝ千ㄩㄒㄩㄒㄖ山Ҝ;'"

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