Business, 16.10.2019 19:30 sparky1234

By the end of its first year of operations, previts corporation has credit sales of $610,000 and accounts receivable of $210,000. given it’s the first year of operations, previts’ management is unsure how much allowance for uncollectible accounts it should establish. one of the company’s competitors, which has been in the same industry for an extended period, estimates uncollectible accounts to be 3% of ending accounts receivable, so previts decides to use that same amount. however, actual write-offs in the following year were 15% of the $210,000 (= $31,500). previts’ inexperience in the industry led to making sales to high credit risk customers. record the adjustment entry for uncollectible accounts.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 12:30

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Answers: 1

Answer

Business, 22.06.2019 13:30

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?

Answers: 3

Answer

Business, 22.06.2019 16:50

The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?

Answers: 1

Answer

Business, 22.06.2019 21:30

China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.

Answers: 3

Answer

You know the right answer?

By the end of its first year of operations, previts corporation has credit sales of $610,000 and acc...

Questions