Business, 20.06.2020 22:57 makaylasulak5462

Sparky, Inc. estimates uncollectible accounts to be 3% of accounts receivable. The company reported accounts receivable and allowance for uncollectible accounts of $462,000 and $14,130, respectively, at December 31, 2019. During 2020, Sparky's credit sales and collections were $915,000 and $891,000, respectively, and $11,720 of accounts receivable were written off. Also, a customer's account that was previously written off for $5,300 was collected (not included in the $891,000.) Sparky's bad debt expense for the year ended December 31, 2020, is: Group of answer choices

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:30

Sarah salesrep is brand new to her job selling "lifetime" printers that never need replacement ink cartridges. the problem is that these printers cost ten times more than a regular printer, so it is difficult to get prospective buyers to understand the cost savings of buying it. to break through the barrier and begin making sales, sarah should use a analysis that highlights her printer's lower cost.

Answers: 3

Answer

Business, 22.06.2019 17:30

Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?

Answers: 1

Answer

Business, 22.06.2019 20:50

Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?

Answers: 1

Answer

Business, 22.06.2019 21:10

Your family business uses a secret recipe to produce salsa and distributes it through both smaller specialty stores and chain supermarkets. the chain supermarkets have been demanding sizable discounts, but you do not want to drop your prices to the specialty stores. true or false: the robinson-patman act limits your ability to offer discounts to the chain supermarkets while leaving the price high for the smaller stores. true false

Answers: 3

Answer

You know the right answer?

Sparky, Inc. estimates uncollectible accounts to be 3% of accounts receivable. The company reported...

Questions

Business, 23.04.2021 17:30

Advertisers frequently use emotional appeals to advertise their products and services rather than rational appeals because . Group of answer choices c...