Business, 18.11.2019 21:31 von1144

Domino company uses the percent of receivables method to estimate uncollectible accounts expense.
domino began 2016 with balances in accounts receivable and allowance for doubtful accounts of $76,500 and $5,800, respectively.
during the year, the company wrote off $4,640 in uncollectible accounts.
in preparation for the company's 2016 estimate, domino prepared the following aging schedule: number of days past due receivables amount % likely to be uncollectiblecurrent $ 104,000 1%0-30 45,000 5%31-60 9,920 10%61-90 4,440 25%over 90 3,800 50%total $ 167,160 what will domino record as uncollectible accounts expense for 2016? a)$6,132b)$1,512c)$7,292d)$4,640

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 22:30

For many years, kellogg's frosted flakes, a ready-to-eat breakfast cereal, was perceived as a cereal for children. tony the tiger, a cartoon character, extolled frosted flakes, and advertisements depicted children enjoying the product with tony in competitive situations. recently, in response to declining sales of frosted flakes, the cereal maker has adopted a new series of advertisements that show adults admitting that they enjoy frosted flakes, too. kellogg's is attempting to

Answers: 1

Answer

Business, 22.06.2019 11:10

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.

Answers: 1

Answer

Business, 22.06.2019 16:30

En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?

Answers: 3

Answer

Business, 22.06.2019 19:40

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40

Answers: 3

Answer

You know the right answer?

Domino company uses the percent of receivables method to estimate uncollectible accounts expense.

Questions