answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Levart [38]
1 year ago
13

Wellington Corp. has outstanding accounts receivable totaling $3 million as of December 31 and sales on credit during the year o

f $15 million. There is also a debit balance of $12,000 in the allowance for doubtful accounts. If the company estimates that 8% of its outstanding receivables will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense? $1, 200,000. $ 228,000. $ 240,000. $ 252,000.
Business
1 answer:
lina2011 [118]1 year ago
6 0

Answer:

Balance in Allowance for Doubtful accounts = $228,000

Explanation:

Outstanding Accounts Receivable                $3,000,000

(x) Percentage uncollectible                                <u>        8%        </u>

(=) Allowance for Doubtful accounts                 <u>  $240,000</u>

(-) Debit balance                                                      <u>    $12,000</u>

(=) Balance in Allowance for Doubtful accounts    $228,000

Hope this helps!

You might be interested in
Matt co. is the lessor in connection with an operating lease. matt co. would record:
V125BC [204]

Matt co. is the lessor in connection with an operating lease. matt co. would record a depreciation expense. The lessor records it as a depceciation expense becuase they are using a stright-line lease as a source of revenue. As the operation lease declines, it will keep showing as a depreciation on their balance sheets.

6 0
2 years ago
óscar’s firm operates in a rapidly changing industry. he often must apply his excellent ________ to assess problems and develop
TEA [102]

According to management theory, óscar’s firm operates in a rapidly changing industry. He often must apply his excellent "<u>problem-solving skills</u>" to assess problems and develop solutions very quickly.

This is based on the idea that <u>problem-solving skills</u> are essential in assisting individuals in determining the cause of a problem and why it is occurring, including how to decipher the issue.

There are various <u>Problem-Solving Skills</u> include:

  • Active listening.
  • Analysis.
  • Research.
  • Creativity.
  • Communication.
  • Dependability.
  • Decision making.
  • Team-building, etc.

Hence, in this case, it is concluded that the correct answer is "<u>Problem Solving Skills."</u>

Learn more here: brainly.com/question/21641756

8 0
1 year ago
Fairchild Garden Supply expects $700 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses thi
vazorg [7]

Answer:

D) 3.48

Explanation:

Current Year Sales = $700

Growth rate = 15%

Projected Sales=$700*15% +$700

Which is $805

Required inventory = $30.2 + 0.25*projected sales

Req.Inv = $30.2 + 0.25($805)

Req.Inv = $231.45

Inventory turn over = projected sales/Req.inv

$805/$231.45

Inventory turn over = 3.48 times

8 0
1 year ago
Work specialization contributes to higher employee productivity, but at the price of __________. Select one: a. Reduced economie
Yakvenalex [24]

Answer:

The correct answer is letter "D": Reduced job satisfaction.

Explanation:

Work specialization refers to limiting the number of activities to employees so they can focus on determining duties only. This is implemented in an attempt of mastering workers in performing the work they are assigned to do. However, work specialization brings automation which does not allow employees to develop their skills at work and, consequently, leads to reduced job satisfaction.

6 0
2 years ago
Which of the following statements would best characterize someone who is not culturally competent in working with others from di
Zepler [3.9K]

Answer: The person fills "silence" during conversations

Explanation:

Culture is simply regarded as people's way of life. The way if life include their food, the kind of music they listen to, their religion, language, their beliefs, values etc.

Someone who is not culturally competent in working with others from different cultures would usually be silent during conversations. This is because the person doesn't know much about the culture and can't really be involved in the conversation.

6 0
2 years ago
Other questions:
  • Boat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking
    9·1 answer
  • Scenario: An organization has recently suffered a series of security breaches that have significantly damaged its reputation. Se
    6·1 answer
  • The actual cash received during the week ended October 31 for cash sales was $23,447 and the amount indicated by the cash regist
    8·1 answer
  • In the context of direct competition,__________is defined as the degree to which two companies have overlapping products, servic
    8·1 answer
  • IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business developme
    7·1 answer
  • The accountant for Watson Electrical Repair, Inc. failed to make an adjusting entry to record $5,000 of unpaid salaries for the
    6·1 answer
  • Performance appraisals generally fulfill two functions. The first is to identify individual strengths and weaknesses and to deve
    12·1 answer
  • If a gourmet cooking store encourages customers to sample fresh baked apple pie in order to encourage purchases of pie pans and
    10·1 answer
  • Jingfei, an employee of Chinese origin, works as a sales representative at Global Recyclers International. Her supervisor, Ralph
    9·1 answer
  • The following data are available relating to the performance of Sooner Stock Fund and the market portfolio:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!