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STatiana [176]
2 years ago
6

Becky had net sales (all on account) in 2020 of $8,000,000. At December 31, 2020, before adjusting entries, the balances in sele

cted accounts were:
accounts receivable $1,000,000 debit, and allowance for doubtful accounts $2,000 debit.

Becky estimates that 3% of its accounts receivable will prove to be uncollectible.

What is the net amount expected to be collected of the receivables reported on the financial statements at December 31, 2020?
Business
1 answer:
DerKrebs [107]2 years ago
3 0

Answer:

$970,000

Explanation:

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The owner of supermarket chain Reynold's wants to offer nonfood items such as greeting cards and magazines. However, Reynold's d
Elis [28]

Answer:

E) rack jobbers.

Explanation:

Rack jobbers is defined as a company or trader that has an agreement with a seller to display their products in the retail stores and sell them. Usually channels used are not the traditional channels used to sell the products and can include: gas stations, grocery stores.

In such instances the profit realised is split between both parties. For example if Procter and Gamble provide a product rack to a grocery store this is called rack jobbers.

This will be Reynold's best option as he does not want to take care of setting up displays and maintaining inventory records.

6 0
1 year ago
In addition to having a bachelor's degree in accounting, a certification will increase a tax accountant's job opportunities and
Sunny_sXe [5.5K]

Answer:

Securities and exchange commison(SEC).

Explanation:

When a student acquired college degree in book keeping for four years, a certification as a certified public accountant (CPA) will increase his/her chances of getting job openings and also enable filing of reports with securities and exchange commission(SEC).

In order to be known as a CPA, one has to write and pass the examinations and get endorsed before being allowed to file reports with the commission.

4 0
1 year ago
As a major steel manufacturer, SteelMakers Inc. focuses on having the most efficient manufacturing processes in place. The compa
salantis [7]

Answer: Production orientation

     

Explanation: It refers to a strategy when the company focuses only to provide the best quality product in the market without taking into consideration the preference of the customers.

In the given case, Steel makers are focusing on making their business process the best in market so that they can gain a competitive advantage.

  Thus, from the above we can conclude that the correct option is C.

6 0
2 years ago
Phil Johnson is the owner of a small firm that manufactures customized oil-drilling equipment. The company's manufacturing facil
Iteru [2.4K]
B. pooled manufacturing
8 0
2 years ago
Team planning is most effective when the group leader develops the overall plan and then solicits feedback from the group.
Anuta_ua [19.1K]
It is false that <span>team planning is most effective when the group leader develops the overall plan and then solicits feedback from the group. It must be the other way around. The role of the group leader is to stimulate ideas, facilitate discussions and summarize it all, to develop an overall plan that would make sense to the members.</span>
5 0
2 years ago
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