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sweet [91]
2 years ago
6

Entries to Write Off Accounts Receivable Creative Solutions Company, a computer consulting firm, has decided to write off the $1

3,780 balance of an account owed by a customer, Wil Treadwell. a. Journalize the entry to record the write-off, assuming that the direct write-off method is used. If an amount box does not require an entry, leave it blank. b. Journalize the entry to record the write-off, assuming that the allowance method is used. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Romashka [77]2 years ago
7 0

Answer:

A. Debit Bad Debt Expense 13780

    Credit Accounts Receivable Wil Treadwell 13780

B. Debit Allowance for Doubtful Accounts 13780

    Credit Accounts Receivable Wil Treadwell 13780

Explanation:

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You haven't been able to spend much time talking with your team lately, but your workload should be back to normal soon. When yo
FrozenT [24]

Answer and Explanation:

<u>I would most likely do this:</u>

Explain the issue to the team and praise them for their work in my absence. I would let them know there would be more time soon. It is very essential to praise and appreciate these efforts by the associates since I have been absent for a while and do not know what efforts they have been putting in.

<u>I would be least likely to:</u>

Talk to the manager to explain this situation or propose that my some of my commitments are eased for me to have more time with my team

4 0
2 years ago
“formal evaluation could include testing the predictive capabilities of the models on observed data to see how effective and eff
Neporo4naja [7]
This is known as in-sample forecast. It estimated the model using all available data and then comparing it to the model's fixed values to the actual realizations. But, this method is known to attract an overly positive picture of the model's forecasting ability since common fitting algorithms tend to take pains to avoid big prediction errors and are also inclined to overfitting (mistaking noise for signal in the data).
7 0
2 years ago
The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions):
amid [387]

Answer:

Net income$ 1,982

Explanation:

Preparation of income statement for Krafty Foods for the year ended December 31, 2021

Krafty Foods Income Statement For the Year Ended December 31, 2021

($ in millions)

Operating revenues 34,375

Less Cost of goods sold 17,631

Gross profit 16,744

Marketing, general and administration expenses

11,560

Operating income 5,184

(16,744-11,560)

Interest and other debt expense, net

1,537

Income before taxes 3,647

(5,184-1,537)

Income tax expense 1,665

Net income$ 1,982

(3,647-1,665)

Therefore the Net income of the income statement for Krafty Foods for the year ended December 31, 2021 will be $1,982

5 0
2 years ago
A comparable property sold 10 months ago for $98,500. If the appropriate adjustment for market conditions is 0.30% per month (wi
andreyandreev [35.5K]

Answer:

$101,495.20

Explanation:

The comparable property value with compound interest

The formula for calculating future compound values

FV = PV × (1+r)n

In this case:

PV = 98,500

r =0.3% the interest rate per month

n = 10 compound periods

FV = 98,500 x (1+ 0.3/100)10

=98,500 x (1.003)10

=98,500 x 1.030408

=$101,495.20

8 0
2 years ago
A retired woman has $200,000 to invest. she has chosen one relatively safe investment fund that has an annual yield of 9% and an
Helen [10]
<span>She is to invest $150,000 in the low risk found at 9%
 She is to invest $50,000 in the high risk found at 13%
   Let x = money invested at 9%
 Let y = money invested at 13%
   x+y = 200000
 .09x + .13 y = 20000
   since
  x = 200000-y
 then
  .09(200000-y) +.13y = 20000
 18000-.09y+.13y = 20000
 .04 y = 20000
 y = 50000
    then
x = 200,000-50000 =150000</span>
8 0
2 years ago
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