Business, 03.04.2020 03:54 tonyrod617
Information related to Mingenback Company for 2017 is summarized below. Total credit sales $2,446,000Accounts receivable at December 31 868,000Bad debts written off 32,100(a) What amount of bad debt expense will Mingenback Company report if it uses the direct write-off method of accounting for bad debts?$Information related to Mingenback Company for 2017(b) Assume that Mingenback Company estimates its bad debt expense to be 3% of credit sales. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $4,100?$Information related to Mingenback Company for 2017(c) Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $3,000?$Information related to Mingenback Company for 2017(d) Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts debit balance of $3,000?
Answers: 2
Another question on Business
Business, 22.06.2019 08:30
In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (
Answers: 3
Business, 22.06.2019 15:30
The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?
Answers: 3
Business, 22.06.2019 17:10
To : of $25 up to 35 2 35 up to 45 5 45 up to 55 7 55 up to 65 20 65 up to 75 16 is$25 up to $35 ?
Answers: 1
Business, 22.06.2019 19:50
Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?
Answers: 2
You know the right answer?
Information related to Mingenback Company for 2017 is summarized below. Total credit sales $2,446,00...
Questions
Engineering, 11.06.2020 19:57
Social Studies, 11.06.2020 19:57
Mathematics, 11.06.2020 19:57
Mathematics, 11.06.2020 19:57
