On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,000 and $1,400, respectively. During 2022, Coolwear wrote off $625 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $4,100 at December 31, 2022. Bad debt expense for 2022 would be:

Answers

Answer 1

Answer:

$3,325

Explanation:

Bad Debt Expense = Allowance for uncollectible accounts 2022 - (Allowance for uncollectible accounts 2021 - Written off in accounts receivable

Bad Debt Expense = $4,100 - ($1,400 - $625)

Bad Debt Expense = $4,100 - $775

Bad Debt Expense = $3,325

So, the bad debt expense for 2022 would be $3,325.


Related Questions

The primary reason economists invoke the six assumptions of the perfect price competition model is because: A. To illustrate the possibility of monopoly in a free market. B. To illustrate the impossibility of monopoly in the free market. C. To tum scatter diagrams into continuous graphs with one market price. D. To tum the firms demand curve into the markets demand curve. E. To tum the ' law of demand ' into the ' law of suppl

Answers

Answer:

To tum scatter diagrams into continuous graphs with one market price.

Explanation:

The main reason when the economist include the six assumptions with respect to the perfect price competition model i.e. large no of buyers & sellers, same kind of product, perfect knowledge, free entry or exit, absence of selling cost, and no discirmination

So this is due to when the scatter diagram would be transform into the continous graphs having one single price

Externalities may prevent competitive markets from operating efficiently because A. consumers may buy goods in the black market. B. market prices may reflect the activities of consumers or producers on others. C. the market may goods that generate externalities on others. D. the market may goods that generate externalities on others. E. producers may sell goods outside of the market.

Answers

Answer:

D. the market may oversupply goods that generate negative externalities on others.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, radio, table, etc.

In Economics, an externality could either be positive or negative depending on its effect on a third party.

A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.

This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that eventually affects a third party.

On a related note, externalities may prevent competitive markets from operating efficiently because the market may oversupply goods that generate negative externalities on others. Some examples of a negative externality is John declining to buy his favorite candy due to an increase in its price, a manufacturing plant that causes noise and pollution to the people living around where it is situated, etc.

An industry can be defined as a group of: a. companies offering products or services that are close substitutes for each other. b. brands that offer different products but are owned by a single firm. c. different kinds of companies that are based in the same geographic location. d. companies that are different but generate similar amounts of revenues. e. manufacturing plants of a single company.

Answers

Answer:

A

Explanation:

An industry is a group of companies that provide good and services that are closely related. An example of an industry is the beauty industry. Companies that would be included in this industry would include companies that produce lipstick, powder, foundation, cream, exfoliators etc

Classification of industries

1. primary industry : they are involved in the getting of raw materials e.g. the fishing industry

2. secondary industry :  they make use of raw materials to manufacture products e.g. automobile industry

3. tertiary industry : they provide services e.g education industry

Tiburon Corporation purchased a patent for $1,850,000 on November 30, 2018. It has a remaining legal life of 18 years. Tiburon estimates that the remaining useful life of the patent is useful life of 15 years. What balance will be reported on the December 31, 2020 balance sheet for the patent (if necessary, round your answer to the nearest dollar)

Answers

Answer:

$1,593,056

Explanation:

Calculation to determine What balance will be reported on the December 31, 2020 balance sheet for the patent

First step is to calculate the amortization amount

Amortization=$1,850,000 (cost)/ 180 months (useful life) * 25 months (November 30, 2018 - December 31, 2020)

Amortization = $256,944

Now let determine the Balance reported

Parent=$1,850,000 - $256,944

Patent= $1,593,056

Therefore the balance that will be reported on the December 31, 2020 balance sheet for the patent is $1,593,056

JPL Company has two segments - Retail and Commercial. The Retail segment has a contribution margin ratio of 40% and traceable fixed expenses of $70,000. Commercial has traceable fixed expenses of $50,000 and a contribution margin ratio of 55%. The company also has $30,000 of common fixed expenses. The break-even point in dollar sales for the Retail segment equals: Multiple choice question. $212,500 $116,667 $175,000 $250,000

Answers

Answer:

$175,000

Explanation:

Calculation to determine what The break-even point in dollar sales for the Retail segment equals:

Using this formula

Break-even point in dollar sales =Traceable fixed expenses/Contribution margin ratio

Let plug in the formula

Break-even point in dollar sales =$70,000 / 40% Break-even point in dollar sales = $175,000

Therefore The break-even point in dollar sales for the Retail segment equals:$175,000

"According to new growth​ theory, ______. A. prosperity will last but growth will not last because eventually the real interest rate​ falls, which slows the capital accumulation needed for growth B. growth can persist indefinitely C. growth rates and income levels per person around the globe will converge D. labor productivity grows most quickly in countries with the largest populations"

Answers

Answer:

argues

Explanation:

According to new growth theory option B. growth can persist indefinitely.

What is growth theory?

Growth theory is an economic framework that aims to explain the factors and mechanisms driving economic growth and development over time.

It seeks to understand why some economies experience sustained increases in their output (GDP), while others do not. Growth theory examines the role of various factors such as technological progress, human capital accumulation, capital investment, innovation, and institutions in driving long-term economic growth.

It provides insights into how economies can achieve higher standards of living and improve the well-being of their populations.

learn more about growth theory: https://brainly.com/question/15681800

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An increase in consumer income increases the demand for automobiles. As a result of the adjustment to a new equilibrium, there is a(n):
A. rightward shift of the supply curve
B. upward movement along the supply curve
C. no change in the graph
D. leftward shift of the supply curve
E. downward movement along the supply curve

Answers

Answer:

B. upward movement along the supply curve.

Explanation:

An increase in the income of a consumer income would have a significant impact on the quantity of goods demanded by him or her such as increasing the demand for automobiles. As a result of the adjustment to a new equilibrium, there is an upward movement along the supply curve

Which type of insurance covers preventive care and medical treatment?

Answers

health insurance is the answer

"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.

Answers

Answer:

b

Explanation:

The monetary policy is not fundamently altered

A housecleaning agency was given a key to a customer's house so that the agency could have its employees clean while the homeowner was away. After a maid sent by the agency had finished and left the homeowner's house, she went back because she had forgotten her cigarettes. She neglected to lock the door when she left the second time because she was already late for the next job. When the homeowner returned after a few days away, she discovered that her house had been ransacked and several items of jewelry stolen. The front door was open, and there were no signs of forced entry. If the homeowner brings an action against the agency that employed the maid, what is the likely result

Answers

Answer:

C. She will prevail, because the maid's failure to lock the door created the risk that someone might enter and take the homeowner's valuables.

Explanation:

Based on the argument presented above, the homeowner will likely prevail against the agency because, the maid whibis an employee of the cleaning agency got the home exposed by failing to get the doors locked which might have allowed unwarranted entry into the building. The fact that there was no forced entry through any of the entry channels and the disappearance of valuables gives the homeowner a stronger case to make in this scenario in her case against the agency.

Piper Inc. is a large cosmetics company that made an initial small investment in a start-up company, Oscorp, which was developing an organic face lotion. This gave Piper controlling interests in the start-up company. However, Oscorp soon began to have financial difficulties because of principal-agent problems. As a result, Piper did not invest in the next stage of development and pulled out of the company. This approach to strategic alliance is referred to as a

Answers

Answer:

a real-options perspective

Explanation:

A real-options strategy or perspective regarding investments is carried out when the investor is not sure that the results will be positive or not. For example, investing in a startup is always risky since the chances of success are not very high. The investor will keep investing only as long as the results are positive. It is like investing in tranches.

account question ❓❓❓​

Answers

Answer:

1000

Explanation:

100×100+0-9000

61037t7563

Answer: 90011
17 b+c -=
92

Jackie is the owner of a furniture store. Last year, her total revenue was $500,000 and her total labor costs were $200,000. Her overhead expenses, including insurance and legal fees, were $175,000. The rent on the building was $45,000. Jackie could earn $105,000 per year working at a nearby furniture distributor. From this information, we know that her accounting profit was

Answers

Answer:

$105,000

Explanation:

Jackie's accounting profit is $105,000 as seen from the question. This is because an addition of her expenses comes in at under $500,000. That is, when you add labor costs, insurance and legal fees as well as rent, she has a remainder of about $105,000.

Cheers

Tammy is talented at craft but lacks the cash flow management skills required to run a business. She opens a store, Tammy's Craft Corner, with the help of her son David - a business major - who manages the budgets and expenses of the business. David prepares the quarterly budget and maintains a company book for recording all transactions. The company book balance that David regularly updates is the sum of:

Answers

Answer:

who the hell keeps helping novice businesses people open up? - a business major - yeah the last two were too.

Explanation:

Summary? Left over cash?

what can be the scopes of technicians​

Answers

Answer:

Technicians are skilled workers that work with complex systems or perform highly technical mechanical or diagnostic tests. Depending on the field, technicians may work independently or under the direction of a professional. Technicians can work indoors or might spend most of their time outside.

Short Answer Questions What is a public enterprise? Explain the main features of public enterprises. 1.​

Answers

Answer:

A business organization wholly or party owned by the state and controlled through a public authority is called public Enterprise.

Government ownership and control,main motive of service,autonomy,continuity is one feature of public Enterprise.

all three levels of profession are required to run an organisation or a business is uniquely justify this statement​

Answers

Answer:

The key to a successful organization is to have a culture based on a strongly held and widely shared set of beliefs that are supported by strategy and structure. When an organization has a strong culture, three things happen: Employees know how top management wants them to respond to any situation, employees believe that the expected response is the proper one, and employees know that they will be rewarded for demonstrating the organization's values.

HR has a vital role in perpetuating a strong culture, starting with recruiting and selecting applicants who will share the organization's beliefs and thrive in that culture. HR also develops orientation, training and performance management programs that outline and reinforce the organization's core values and ensures that appropriate rewards and recognition go to employees who truly embody the values.

This article covers the following topics:

The importance of having a strong organizational culture.

HR's role in fostering a high-performance culture.

Definitions of organizational culture.

Factors that shape an organization's culture.

Considerations in creating and managing organizational culture.

HR practices to ensure the continuity and success of an organization's culture.

Communications, metrics, legal, technology and global issues pertaining to organizational culture.

Explanation:

Mike relocated for work and learned that the region in which he planned to buy a home had many old underground mines. In fact, Mike might even need to purchase mine subsidence insurance. What might a home inspector flag for Mike if there are any concerns about undermining

Answers

The issue that a home inspector will flag for Mike, given the concerns about a undermining, is the formation of a sinkhole on the property

The reason for the presence of a sinkhole on the property being raised by the home inspector is as follows;

The location Mike intended to buy a home is one with several underground mines, such that Mike could need mine subsidence insurance

A home inspection is an aid that helps a person intending to but a house make more informed decisions about the home under consideration

The function of an home inspector includes the identification of the issues that could possibly arise and the maintenance to be expected on the property, and therefore, the risks and opportunity in the purchase

Among the potential risk that will raised by a home inspector on the property with underground mines include the possibility of a sinkhole on the property

A sinkhole is a surface depression that results due to dissolution of near surface rocks by water draining into cavities under the soil surface, thereby eroding the rock such limestone, underneath, that develops in a manner which is not readily obvious or predictable

Sinkhole are not covered by most homeowner's insurance policy, making the property a money pit

Therefore, the home inspector might flag the likelihood of a sinkhole on the property

Learn more about home insurance and home inspection here;

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What’s a good starter?

Answers

Smoked salmon with prawns, horseradish cream & lime vinaigrette. ...
Potted crab. ...
Charred spring onions & romesco. ...
Scallops with chorizo & hazelnut picada. ...
Triple cheese & tarragon-stuffed mushrooms. ...
Grilled lobster tails with lemon & herb butter. ...
Watercress & celeriac soup with goat's cheese croutons.

Multiple Choice
The majority of environmental assessments result in a finding of no significant impac
False
True

Answers

Answer:

False

The majority of environmental assessments result in a finding of no significant impac is false

Electronic Wonders reports net income of $96,500. The accounting records reveal Depreciation Expense of $50,200 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $38,500, $23,900, and $20,400, respectively. Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.)

Answers

Answer:

$152,500

Explanation:

Preparation of the operating activities section of Electronic Wonders' statement of cash flows using the indirect method

Cash flows from operating activities:

Net Income $96500

Adjustments for noncash effects:

Depreciation expense $50,200

Changes in current assets and current liabilities:

increase in accounts payable $23,900

Increase in income tax payable $20,400

Less Increase in prepaid rent ($38,500)

Net cash flows from operating activities $152,500

Therefore the operating activities section of Electronic Wonders' statement of cash flows using the indirect method is $152,500

You want to invest in a riskless project in Sweden. The project has an initial cost of SKr3.86 million and is expected to produce cash inflows of SKr1.76 million a year for three years. The project will be worthless after three years. The expected inflation rate in Sweden is 3.2 percent while it is 2.8 percent in the U.S. A risk-free security is paying 4.1 percent in the U.S. The current spot rate is SKr7.7274. What is the net present value of this project in Swedish krona if the international Fisher effect applies

Answers

Answer:

Skr 978,177

Explanation:

The computation of the net present value is given below:

Given that

Inflation in USA = 2.80%

The Nominal rate in USA = 4.10%

As we know that  

Real rate = Nominal rate - inflation  

Real rate = 4.10% - 2.80%

= 1.3%

Now nominal rate in Sweden should be

= Real rate + Inflation

= 1.3% + 3.20%

= 4.50%

Net present value = initial outlay + Present value (Cash Flow)

NPV(in SKr million) = -3.86 + 1.76 ÷ (1+0.045) + 1.76 ÷ (1+0.045)^2 + 1.76 ÷ (1+0.045)^3

= -3.86 + 4.838177

= 0.978177 million

= Skr 978,177

Kelley is a plant manager for O'Donnell Industries, Inc. Though she spends time performing all management functions, she is mostly tasked with tactical planning and controlling. Kelley's position would be classified as part of O'Donnell's __________ management.

Answers

Answer:

Middle Management.

Pursuing its own best interests, Firm A will concede that cigarette smoke causes lung cancer _____. Group of answer choices None of the following answer choices is correct. In pursuing its own best interests, Firm A will in no case concede that cigarette smoke causes lung cancer. only if Firm B does not concede that cigarette smoke causes lung cancer regardless of whether Firm B concedes that cigarette smoke causes lung cancer only if Firm B concedes that cigarette smoke causes lung cancer

Answers

Answer:

None of the following answer choices is correct.

Explanation:

In pursuing its own best interest Firm A will in no case concede that cigarette smoking causes lung cancer. Cigarette smoking is injurious to health and mostly firm print this warning on the cigarette labels but since it is an addiction people do not care to read this.

Why must successful managers recognize opportunities and threats in their company external environment? a. If they identify all of the environmental threats, they are guaranteed to acquire large market share. b. If they identify all of the environmental opportunities, they are guaranteed to acquire large market share. c. If they misread the market, they are likely to become rich. d. If they miscalculate the market, opportunities will be lost.

Answers

Answer:

d. If they miscalculate the market, opportunities will be lost.

Explanation:

The external environment is the environment that cannot control by the organization. It can be in form of opportunities and threats which company have to take care off

So in the case when the managers recognize these things in the external environment so this means if they didnot calculate the market properly so the opportunities could be lost due to which they cant capture the market share of the market and the competitor took this advantage,

What increases your total loan balance Interest Accrual Interest capitalism Both interest accrual interest capitalism None of the above

Answers

Answer:

Both interest accrual and interest capitalism

Explanation:

The total loan balance increases due to "Both interest accrual and interest capitalism"

This is because INTEREST ACCRUAL on a loan is capitalized, which implies that it will be added to the principal balance, therefore increasing the total loan balance.

Similarly, the INTEREST CAPITALISM occurred when a loan repayment period is missed, therefore, the amount missed is capitalized which in turn increases the total loan balance.

Answer: both

Explanation:

Which is an example of a demander of U.S. currency? Foreign firms that have sold imported goods in the United States, earned U.S. dollars, and are trying to pay expenses incurred in their home countries Foreign investors who wish to make direct investments in the United States economy U.S. tourists leaving to visit other countries U.S. investors who want to make foreign direct investments in other countries U.S. exporting firms that earned foreign currency and are trying to pay U.S.-based expenses

Answers

Answer:

Foreign investors who wish to make direct investments in the United States economy

Explanation:

A demander of US currency is an individual or person who would need the dollars to carry out transactions

An investor that would want to carry out a FDI would need US dollars to carry out her transaction because the investment would need to be conducted in dollars

Foreign direct investment (FDI) can be described as when a firm or an individual in one country makes an investment in a business interest in another country.

Foreign direct investment usually takes two form :

the investor sets up a business in the foreign country

the investor acquires foreign assets in the foreign country.

An example is when a US firm establishes a new business in another country.

Management is a process designed to achieve an organization's objectives by using its resources ____________ (accomplishing the objectives with a minimum of resources) and _________________ (having the intended result).

Answers

Answer:

efficiently, effectively

Explanation:

Management can be regarded as coordination as well as administration of set and various tasks within an organization so that some set goals cn be achieved. Some of the administration activities to reach these goal could be putting up a strategy

as well as coordination of the efforts of employees as well as utilization of available resources.

It should be noted that Management is a process designed to achieve an organization's objectives by using its resources efficiently (accomplishing the objectives with a minimum of resources) and effectively

(having the intended result).

Consider an economy with two agents, Amy and Becky, and two goods, x and y. Amy's utility function is U_A(x,y)=x_Ay_A, and Becky's utility function is U_B=\min\{4x_B,y_B\}. Amy and Becky's endowments are both \omega_A=\omega_B=(4,1). Suppose that the contract curve in this economy can be represented as y_A=mx_A. Find m.

Answers

Answer:

M=3

Explanation:

1. UA(x,y) = XAYA & Ug = min{3XB,YB} WA=WB=(3,1)

Now contract curve is locus of all Pareto efficient allocations,

Where

3XB_YB

XA + XB = X = 3+3=0

→ XB = 6 - X^

YA+YB = 1 + 1 = 2

YB = 2 - YA

Thus 3(6-XA) 2 - YA =

18-3XA-2+ YA = 0

➡16-3XA+ YA = 0

➡YA 3XA - 16 =

YA = 3XA

m = 3

as

So, if

then

2. UA(XA,YA) = 6XA+ YA & UB(XB, YB)= XB + 6YB

WA WB (10,10)

Core is locus of all pareto efficient allocations that make both individuals better off, as compared to these welfare level at endowment levels,

MRSA MUX/MUY = 6, MRSB-1/6 UA-6(10) + 10 = 70 = UB

Now, min XA is such that Uª> 70

➡ 6XA + YA≥ 70 as for core, allocation is Necessarily first pareto optimal,

So, YA = 0, then

➡ 6X₁> 70

➡XA≥ 70/6

Min XA2 11.67 is the answer.

Hola! En este grupo, estare subiendo muchos datos interesantes sobre la sag de peliculas ''Harry Potter''. ''Harry Potter'', Es una saga de peliculas conformadas por:
1.-Harry Potter y la piedra filosofal
2.-Harry Potter y la camara secreta
3.-Harry Potter y el prisionero de askaban
4.-Harry Potter y el caliz de fuego
5.- Harry Potter y la orden del fenix
6.-Harry Potter y el misterio del principe
7.-Harry Potter y las reliquias de la muerte-Parte 1
8.-Harry Potter y las reliquias de la muerte-Parte 2
Siganme! Asi de enteraran de todos los datos que no sabian de Harry Potter (Se recomienda a ver visto todas las peliculas de ''Harry Potter'' para que no te haga spoiler)

Answers

Wizard Man info? Count me in! I'll be sure to give you a follow. ;)

Answer:ghj

Explanation:

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