subject
Business, 18.11.2019 19:31 la200564

Young and old corporation (yoc) uses two aging categories to estimate uncollectible accounts. accounts less than 60 days are considered young and have a 5% uncollectible rate. accounts more than 60 days are considered old and have a 40% uncollectible rate. required: if yoc has $115,000 of young accounts and $350,000 of old accounts, how much should be reported in the allowance for doubtful accounts? if yoc’s allowance for doubtful accounts currently has an unadjusted credit balance of $35,000, how much should be credited to the account? if yoc’s allowance for doubtful accounts has an unadjusted debit balance of $4,500, how much should be credited to the account?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 05:50
Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?
Answers: 2
question
Business, 22.06.2019 13:40
Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.
Answers: 1
question
Business, 22.06.2019 22:00
He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.
Answers: 2
question
Business, 23.06.2019 08:00
Whom do progressive taxes assess? a. only a large percentage of high-income households b. only a large percentage of organizations c. a large percentage of high-income households and organizations d. a large percentage of low-income households e. a small percentage of high-income households
Answers: 1
You know the right answer?
Young and old corporation (yoc) uses two aging categories to estimate uncollectible accounts. accoun...
Questions
question
Mathematics, 19.05.2020 20:11
question
Mathematics, 19.05.2020 20:11
question
Biology, 19.05.2020 20:11
Questions on the website: 13722367