subject
Business, 10.04.2020 20:09 hannahbeccahxo9681

Flyer Company has provided the following information prior to any year-end bad debt adjustment:
Cash sales, $156,000
Credit sales, $456,000
Selling and administrative expenses, $116,000
Sales returns and allowances, $36,000
Gross profit, $496,000
Accounts receivable, $165,000
Sales discounts, $20,000
Allowance for doubtful accounts credit balance, $1,800

Flyer prepares an aging of accounts receivable and the result shows that 4% of accounts receivable is estimated to be uncollectible. How much is bad debt expense?

A. $8,400
B. $4,800
C. $4,728
D. $6,600

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 17:30
Which of the following best describes biochemical evidence that would not support the modern concept of evolution? a. a bacterium that uses inorganic materials to produce energy b. an organism that does not undergo cellular respiration c. a species of bacteria that is capable of photosynthesis d. an organism that undergoes both aerobic and anaerobic respiration
Answers: 2
question
Business, 22.06.2019 11:00
%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket
Answers: 1
question
Business, 22.06.2019 21:10
This problem has been solved! see the answerthe xyz corporation is interested in possible differences in days worked by salaried employees in three departments in the financial area. a survey of 23 randomly chosen employees reveals the data shown below. because of the casual sampling methodology in this survey, the sample sizes are unequal. research question: are the mean annual attendance rates the same for employees in these three departments? days worked last year by 23 employees department days worked budgets (5 workers) 278 260 265 245 258 payables (10 workers) 205 270 220 240 255 217 266 239 240 228 pricing (8 workers) 240 258 233 256 233 242 244 249 picture click here for the excel data filefill in the missing data. (round your p-value to 4 decimal places, mean values to 1 decimal place and other answers to 2group mean n std. dev variancesbudgets payables pricing total one factor anova source ss df ms f p-value treatment error total
Answers: 2
question
Business, 22.06.2019 21:20
Afamily wishes to save for future college expenses. which financial tool should the family invest in?
Answers: 1
You know the right answer?
Flyer Company has provided the following information prior to any year-end bad debt adjustment:
Questions
question
Mathematics, 08.04.2021 22:40
question
Mathematics, 08.04.2021 22:40
question
Mathematics, 08.04.2021 22:40
question
Mathematics, 08.04.2021 22:40
question
Mathematics, 08.04.2021 22:40
Questions on the website: 13722367