subject
Business, 04.04.2020 04:41 paiged2003

Grayhawk Company reported net credit sales of $588,000 for the year ending December 31, 2019. On January 1, 2019, the Allowance for Doubtful Accounts had a credit balance of $14,400. During 2019, $24,000 of uncollectible accounts receivable were written off. Grayhawk has experienced bad debt losses of 3% of credit sales in prior periods. Using the percentage of credit sales method, what is the adjusted balance in the Allowance for Doubtful Accounts at December 31, 2019?

A) $17, 640
B) $8,400
C) $27,600
D) $8,040

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 16:00
In microeconomics, the point at which supply and demand meet is called the blank price
Answers: 3
question
Business, 22.06.2019 18:50
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
question
Business, 22.06.2019 22:00
Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u.s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.
Answers: 3
question
Business, 22.06.2019 23:00
How is challah bread made? if i have to dabble the recipe?
Answers: 1
You know the right answer?
Grayhawk Company reported net credit sales of $588,000 for the year ending December 31, 2019. On Jan...
Questions
question
Biology, 14.01.2020 11:31
question
Mathematics, 14.01.2020 11:31
Questions on the website: 13722361