Business, 06.10.2019 10:02 mosleykimberly944
At the end of the year, brinkley incorporated’s balance of allowance for uncollectible accounts is $2,300 (debit) before adjustment. the company estimates future uncollectible accounts to be 5% of credit sales for the year. credit sales for the year total $118,000. what adjustment would brinkley record for allowance for uncollectible accounts using the percentage-of-credit-sales method? (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)
Answers: 2
Business, 22.06.2019 13:30
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
Business, 22.06.2019 14:30
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
Business, 22.06.2019 16:20
Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. the portfolio's beta is 1.25. now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. what would the portfolio's new beta be? do not round your intermediate calculations.
Answers: 2
Business, 23.06.2019 01:00
Why does the downward-sloping production possibilities curve imply that factors of production are scarce?
Answers: 1
At the end of the year, brinkley incorporated’s balance of allowance for uncollectible accounts is $...
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