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pickupchik [31]
1 year ago
11

Helix reported the following information in its financial statements. Write-offs of accounts receivable were $200 in the current

year. Helix did not recover any write-offs.
At December 31 Current Year Prior Year
Accounts receivable $ 5,000 $ 4,000
Allowance for doubtful accounts 400 350
Accounts receivable, net $ 4,600 $ 3,650

Determine Bad Debts Expense for the current year.
Business
1 answer:
olya-2409 [2.1K]1 year ago
7 0

Answer:

the Bad debt Expense for the Year is $250

Explanation:

The computation of the bad debt expense is given below:

Bad debt Expense for the Year is

= Current year of  Allowance for Doubtful Accounts + Write off in Current Year - Prior year of Allowance for Doubtful Accounts  

= $400 + $200 - $350

= $250

Hence, the Bad debt Expense for the Year is $250

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Katen [24]

Answer:

The most influential in making the crucial decision is:

the consumer demand

Explanation:

Before the School Band members finalize on their decision about selling energy drinks and organizing a car wash, they will need to assess the demand for their product or service.  This is critical because without effective demand, supply would be met with negative reactions which will not produce good results, no matter the decision taken.

6 0
2 years ago
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During 2009, a particular country's inflation rate averaged 1.3% a day. This means that on average, prices went up by about 1.3%
horrorfan [7]
<span>29 days of 1.3% inflation. Convert to relative increase: (1+0.013) = 1.013. (1.013)^29 -1 = 45.43% (the effect of compounding) 45%.</span>
4 0
2 years ago
Stock Y has a beta of 1.2 and an expected return of 12.1%. Stock Z had a beta of 0.8 and an expected return of 7.85%. The risk-f
levacccp [35]

Answer:

Since the expected return and required return are different for both Stock X and Z, we say that they are not correctly priced

Explanation:

<em>To determine whether or not the stocks are correctly priced ,</em>

<em>we have to compare the r</em><em>equired return</em><em> and the </em><em>expected return on each of them.</em>

Required return = Rf +β (Rm-Rf)

Note that Rm-Rf  is also known as market risk premium

                                  <em>Stock Y                         Stock Z</em>

<em>Required return   </em>       2.4% + 1.2(7.2%)            2.4% + 0.8(7.2%)

                                  = 11%                                   = 8.2%

<em>Expected return</em>            <em>12.1%                           7.85%</em>

Since the expected return and required return are different for both Stock X and Z, we say that they are not correctly priced

6 0
2 years ago
When you buy an e-book at Amazon, it uses ________ to recommend an e-book by a similar author within the same genre.
Anarel [89]

Answer:

The correct word for the blank space is: the purchases history.

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Purchases history allows businesses to have an idea of what the preferences of its customers are or how they can change over time. It is a helpful tool firms can use to offer similar or complementary products that may be of interest to their customers and that may end up increasing the organization's revenues if the consumer makes the additional purchase.

8 0
1 year ago
EZ Rental Car offers rental cars in an off-airport location near a major tourist destination in Florida Management would like to
trapecia [35]

Answer:

I used an excel spreadsheet to calculate this:

the least squares regression line:

y = a + bx

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fixed costs = $2,937 per month

variable cost = $3.96 per car washed            

Download pdf
8 0
2 years ago
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