At the end of the year, Brinkley Incorporated’s balance of Allowance for Uncollectible Accounts is $3,000 () before adjustment. The company estimates future uncollectible accounts to be 4% of credit sales for the year. Credit sales for the year total $125,000. What is the adjustment Brinkley would record for Allowance for Uncollectible Accounts using the percentage-of-credit-sales method?
Answers: 1
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?
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Business, 23.06.2019 02:00
When the two countries did not specialize, the total production of jeans was 23 million pairs per month, and the total production of corn was 68 million bushels per month. because of specialization, the total production of jeans has increased by million pairs per month, and the total production of corn has increased by million bushels per month. because the two countries produce more jeans and more corn under specialization, each country is able to gain from trade?
Answers: 1
Business, 23.06.2019 04:40
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Business, 23.06.2019 07:00
Which of the following are direct employee sources of foodborne disease organisms? a) normal flora b) sick employees c) transient microorganisms d) all of the above
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At the end of the year, Brinkley Incorporated’s balance of Allowance for Uncollectible Accounts is $...
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