Explain accounts receivable results in a 31500 estimate of, Ask an Expert

Management Studies

Q. Just before adjusting entries are made at year-end, C industry's accounting receivable balance is 440,000 and the Allowance for doubtful accounts has a debit balance 1400. credit sales for the year were 1050000 and the experience of past year suggests that 2% of credit sales prove to be uncollectible. Explain accounts receivable results in a 31500 estimate of uncollectible accounts at the end of the year. Using the aging of accounts receivable method the bad debt expense for the year is?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M9378966

Have any Question?Write your Review or question?

Related Questions in Business Management

What are the biggest challenges costco will experience in

What are the biggest challenges Costco will experience in trying to expand globally?

The following is the summary of a survey on the colour of

The following is the summary of a survey on the colour of pens purchased by persons belonging to different age groups. Use chi-square test at 5% level of significance to find whether the age of the person has any associa ...

Once considered pure science fiction artificial

Once considered pure science fiction, artificial intelligence (AI) is being relied on more and more in today's world. Artificial intelligence deals with algorithms based on complex data sets. If you had to tell story rep ...

Watch the following video from 1614 to 2412trost a 2015

Watch the following video (from 16:14 to 24:12): Trost, A. (2015, November 4). The future is agile [Video file]. Retrieved from https://youtu.be/BD2vXsMspGQ?t=16m14s To view a transcript of the video above, click here. ...

Low cost leader strategywhat are some of the risks

Low Cost Leader Strategy: What are some of the risks associated with a low cost leadership strategy? Provide one original example of a company that you believe employs this strategy and why?

How can employees learn through interaction are some types

How can employees learn through interaction? Are some types of interaction best for learning in some situations but not others? Explain.

Discuss the formal cultural elements that promote or

Discuss the formal cultural elements that promote or discourage moral actions within the organization?

Need some help with this question go to a well-known

Need some help with this question. Go to a well-known information dashboard provider Web site (dundas.com, idashboards.com, enterprise-dashboard. com). These sites provide a number of examples of executive dashboards. Lo ...

Read a case study of project and stakeholder management

Read A Case Study of Project and Stakeholder Management Failures: Lessons Learned (http://www.academia.edu/9250717/A_CASE_STUDY_OF_PROJECT_AND_STAKEHOLDER_MANAGEMENT_ ) and based on the LAMPÂH project background perform ...

What are the benefits for organizations considering

What are the benefits for organizations considering integrating positive social change into their business strategy? What are the potential risks for organizations considering integrating business strategies with an emph ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert