subject
Business, 25.11.2019 21:31 goodclock

As of december 31, 2018, amy jo's appliances had unadjusted account balances in accounts receivable of $311,000 and $970 in the allowance for uncollectible accounts, following 2018 write-offs of $6,450 in bad debts. an analysis of amy jo's december 31, 2018, accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. bad debt expense for 2018 should be:

$5,250.
$6,220.
$6,450.
none of these answer choices are correct.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 15:10
Pressure systems, inc., manufactures high-accuracy liquid-level transducers. it is investigating whether it should update certain equipment now or wait to do it later. if the cost now is $200,000, what will the equivalent amount be 3 years from now at an interest rate of 10% per year?
Answers: 3
question
Business, 21.06.2019 19:00
What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time
Answers: 1
question
Business, 21.06.2019 21:10
Auniversity spent $1.8 million to install solar panels atop a parking garage. these panels will have a capacity of 400 kilowatts (kw) and have a life expectancy of 20 years. suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kwh), and that the marginal cost of electricity production using the solar panels is zero. hint: it may be easier to think of the present value of operating the solar panels for 1 hour per year first. approximately how many hours per year will the solar panels need to operate to enable this project to break even? a. a.3,696.48 b.14,785.92 c.9,241.20 if the solar panels can operate only for 8,317 hours a year at maximum, the project (would/would not)break even?
Answers: 1
question
Business, 22.06.2019 16:40
An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?
Answers: 3
You know the right answer?
As of december 31, 2018, amy jo's appliances had unadjusted account balances in accounts receivable...
Questions
question
Mathematics, 10.06.2020 00:57
question
Mathematics, 10.06.2020 00:57
Questions on the website: 13722361