Business, 12.12.2019 20:31 bajnathhannavanna
Innovative tech inc. (iti) has been using the percentage of credit sales method to estimate bad debts. during november, iti sold services on account for $100,000 and estimated that ½ of 1 percent of those sales would be uncollectible. required: prepare the november adjusting entry for bad debts. starting in december, iti switched to using the aging method. at its december 31 year-end, total accounts receivable is $89,000, aged as follows: (1) 1–30 days old, $75,000; (2) 31–90 days old, $10,000; and (3) more than 90 days old, $4,000. the average rate of uncollectibility for each age group is estimated to be (1) 10 percent, (2) 20 percent, and (3) 40 percent, respectively. prepare a schedule to estimate an appropriate year-end balance for the allowance for doubtful accounts.
Answers: 3
Business, 22.06.2019 12:10, latdoz0952
Which of the following is not part of the mission statement of the department of homeland security? lead the unified national effort to secure america protect against and respond to threats and hazards to the nation ensure safe and secure borders coordinate intelligence operations against terrorists in other countries
Answers: 1
Business, 22.06.2019 16:50, amayarayne5
Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
Answers: 1
Business, 22.06.2019 18:50, jordendoctorwho
)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
Innovative tech inc. (iti) has been using the percentage of credit sales method to estimate bad debt...
Health, 15.04.2020 16:28
Chemistry, 15.04.2020 16:28
Mathematics, 15.04.2020 16:28
Chemistry, 15.04.2020 16:28
History, 15.04.2020 16:28
Chemistry, 15.04.2020 16:28