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Sholpan [36]
2 years ago
11

Scorpion Company has net credit sales of $5,400,000 for the year and it estimates that doubtful accounts will be 2% of sales. If

its Allowance for Doubtful Accounts has a credit balance of $18,000 prior to adjustment, its balance after adjustment will be a credit of:
Business
1 answer:
Tems11 [23]2 years ago
5 0

Answer:

Balance after adjustment will be a credit of $90,000

Explanation:

<em>Particulars                               Amount</em>

Non-collectible accounts       $108,000

Credit balance                        <u>$18,000</u>

Balance Adjustment              <u>$90,000</u>

Balance after adjustment will be a credit of $90,000

Note: Non-collectible accounts = 2% * $5,400,000 =$108000

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Data integrity with real-time systems involves the ACID test, which involves ________.
leva [86]

Answer:

The correct answer is letter "B": Atomicity, consistency, isolation, and durability.

Explanation:

Atomicity, Consistency, Isolation, and Durability (<em>ACID</em>) is a database that allows computer software to guarantee the accuracy of transactions even in front of events such as power failures. The system also takes care of how information can be recovered -if lost any- when those situations arise.

6 0
2 years ago
Hollie works as a salesperson for Lands' End. Her duties consist of taking customer orders over the telephone and ensuring that
Oduvanchick [21]

Answer: Inside order taker

Explanation:

The Inside order taker is one of the type of salesperson in an organization and the main responsibility of the inside order taker is to collecting the orders of the various types of products and then make a entries about the sales order at the counter.  

 According to the given question, Hollie is works as the salesperson for the Land's end and her duty is to taking the various types of orders from the consumer over the mobile or telephone system and ensure that the information is properly given by the consumer.

 The inside order taker then making a proper entries of the orders and it also helps in increase the customer frequency for the new orders in an organization.  

 Therefore, Inside order taker.

7 0
2 years ago
You have a $50,000 portfolio consisting of intel, ge, and con edison. you put $20,000 in intel, $12,000 in ge, and the rest in c
DanielleElmas [232]
The calculation of portfolio beta is done by simply multiplying the percentage of each portfolio with each beta and summing up all the products afterwards.

For intel:
     = ($20,000/$50,000)(1.3) = <em>0.52</em>

For GE:
    = ($12,000/$50,000)(1) = <em>0.24</em>

For Con Edison:
   Portfolio of Con Edison = $50,000 - ($20,000 + $12,000) = <em>$18,000</em>
   = ($18,000/$50,000)(0.8) = <em>0.288

</em>
<em />The portfolio beta is:
<em>   </em><em />PB = 0.52 + 0.24 + 0.288 = 1.048

<em>ANSWER: 1.048</em>
5 0
2 years ago
The function of accounting includes analyzing, recording, classifying, summarizing, reporting, strategic management and environm
Arlecino [84]
I'm assuming you want to talk about accountants, that is a practitioner of accounting or accountancy. They do disclosure or provision of assurance about financial information. This in turn helps managers, investors, tax authorities and others make decisions about allocating resource.
In the US licensed accountants are Certified Public Accountants (CPAs), or Public Accountants (PAs), this varies from state to state.
6 0
2 years ago
Suppose you have a two-stock portfolio consisting of Apple and Tesla stock. The portfolio weight of Apple is 25% and the rest is
iren [92.7K]

Answer:

Standard deviation = 47.69% (Approx)

Explanation:

Given:

Portfolio of Apple stock w1 = 25% = 0.25

Portfolio of Tesla stock w2 = 75% = 0.75

Standard deviation return Apple σ1 = 35% = 0.35

Standard deviation return Tesla σ2 = 60% = 0.60

Correlation coefficient ρ12 = 0.22

Find:

Standard deviation

Computation:

Standard deviation = √w1²σ1² + w2²σ2² + 2w1σ1w2σ2ρ12

Standard deviation = 0.4769

Standard deviation = 47.69% (Approx)

4 0
1 year ago
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