Lani Co. uses the allowance method to account for bad debts. At the end of the year, their unadjusted trial balance shows an accounts receivable balance of $400,000; allowance for doubtful accounts balance of $400 (debit); and sales of $1,200,000. Based on history, Lani estimates that bad debts will be 1% of accounts receivable. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
A. $3,600
B. $4,000
C. $11,600
D. $12,400
E. $12,000
F. $4,400

Answers

Answer 1

Answer:

D. $12,400

Explanation:

Use the following formula to calculate the Bad debt expense for the period

Bad debt expesne = Debit balance of Allowance account + Allowance for the period

Where

Debit balance of Allowance account = $400

Allowance for the period = Account receivables x percentage of allowance = $1,200,000 x 1% = $12,000

Placing values in the formula

Bad debt expesne = $400 + $12,000

Bad debt expesne = $12,400

Answer 2

Answer: $4,400

Explanation:


Related Questions

4. Savings are particularly important to young people because:
A. Compounding increases the return
B. They need to buy so many things
C. They are usually poor money managers
D. They usually earn minimum wage

Answers

Answer:

I think it's D

Explanation:

because savings are in the beginning of their financial lives,”

I hope this helped u :)

You have been saving money from delivering groceries for instacart in a savings account to buy a new laptop before going to college. What is the function of money?

Answers

Answer:    Store of value

Explanation:

why is it so important to check the accreditation of a private higher leaning institution?Explain Three reasons​

Answers

Answer:

Explanation:

Accreditation helps determine if an institution meets or exceeds minimum quality standards. It also helps students determine acceptable institutions for enrollment. Accreditation assists institutions in determining acceptability of transfer credits.

does adrian loves marrinatte

Answers

YES HE DOES!

You can tell by the way he looks at her

Answer:

yes

Explanation:

Rosalita's and Antonio's are Mexican restaurant chains. Each restaurant offers similar items on their menus. However, Antonio's restaurants are positioned in the market as elegant establishments with high prices. Rosalita's, on the other hand, are located in middle-class neighborhoods, with a casual atmosphere that welcomes families with young children. The prices at Rosalita's are in the moderate range. When evaluating the marketing strategies used by these restaurants, we can conclude that

Answers

Answer:

We can conclude that they implement the product and service differentiation strategy.

Explanation:

The product and service differentiation strategy is a marketing strategy that consists of increasing consumer perception and satisfaction through products and services that are different from the competition, whether through design, added benefits, etc. Differentiation helps a company to become more competitive in a homogeneous market and increases brand value and consumer loyalty.

When is a lower annual interest rate better than a low annual fee?

Answers

Explanation:

Lower annual interest in real terms is a relief to customers because it can go across a monthly payment like in a product purchase with a credit card. A low annual fee is just one payment that can be a certain membership of which happens only on an annual basis.

The brenda one is the question thank youuu:)

Answers

Answer:

C. y = 11000(1.086)^7

Explanation:

Given the following data;

Principal = $11,000

Interest rate = 8.6% = 8.6/100 = 0.086

Time = 7 years

To derive a mathematical expression, we would use the compound interest formula;

[tex] A = P(1 + \frac{r}{100})^{t}[/tex]

Where;

A is the future value.

P is the principal or starting amount.

r is annual interest rate.

t is the number of years for the compound interest.

Substituting into the formula, we have;

[tex] A = 11000*(1 + \frac{8.6}{100})^{7 [/tex]

[tex] A = 11000*(1 + 0.086)^{7 [/tex]

[tex] A = 11000*(1.086)^{7 [/tex]

[tex] A = 11000*1.78 [/tex]

A = $19,580

An increase in the expected rate of inflation: shifts the short-run Phillips curve down. shifts the short-run Phillips curve down. shifts the short-run Phillips curve up shifts the short-run Phillips curve up moves us along the short-run Phillips curve to higher rates of inflation. moves us along the short-run Phillips curve to higher rates of inflation. moves us along the short-run Phillips curve to higher rates on unemployment moves us along the short-run Phillips curve to higher rates on unemployment shifts the long-run Phillips curve to the left.

Answers

Answer:

shifts the short-run Phillips curve up

Explanation:

The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.

An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve

Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation  

Bill Tallyrand, as county assessor, entered into a fraudulent
scheme at the urging of his son Tom, the county collector.
Together they bilked the citizens of Lawrence County out of
millions of dollars. After the scheme was discovered, Bill
refused to testify against his son by claiming the Fifth
Amendment's prohibition against self-incrimination. The
county prosecutor then granted Bill immunity, but he still
refused to testify. What punishment can the court inflict
upon Bill to compel his testimony?

Answers

A witness who refuses to testify after being given immunity can be held in contempt of court and subjected to fines and jail time.

Legal immunity, also known as immunity from prosecution, is a legal position in which an individual or institution is not held accountable for a violation of the law in order to further social goals that outweigh the value of imposing culpability in such instances.

What does Immunity mean for a witness?

If a witness refuses to testify after being granted immunity, he or she may be placed in contempt of court and face fines and jail time. Even after being granted use and derivative use immunity, the witness is not always out of the woods: the prosecution can continue to pursue the witness.

However, after the prosecution has given immunity, the prosecution is restricted in how it can use that testimony in the future. If the prosecution pursues an indictment against an immunized witness, the prosecutor and law enforcement must demonstrate that the case is wholly based on evidence that is independent of the witness's immunized testimony.

For more information about Immunity refer to the link:

https://brainly.com/question/1142703

are good places to look to find your current expenses when building your budget.

A) Online research websites

B )Banks and credit unions

C)Bank and credit statements

D)Grocery stores and concerts

Answers

Answer:

C)Bank and credit statements

Explanation:

The good places to look to find your current expenses when building your budget is "Bank and Credit Statements"

This is because the credit statement is a document showing a list of transactions or money spent on goods or expenses made. This credit statement can be gotten from a bank of the person whose credit statement is under analysis or credit union.

Hence, in this case, the correct answer is Bank and credit statement.

Keep an emergency kit and fresh water in your car in the event of______

Answers

Answer:

A breakdown or emergency or an unexpected event

Explanation:

The emergency kit should always be kept in the car along with it the fresh water should also be there as if there is any emergency or breakdown occurs or the event i.e. not expected arise so these things would be used so that the problem you are suffering would be solved as soon as possible. Also if you are feeling thirsty so here you need is the water

So according to the given statement, A breakdown or emergency or an unexpected event is an answer

As of March 2016, American households held a total of $12.25 trillion in
debt. Which of the following is the biggest source of debt?

Answers

The answer is Housing debt

pricing is the only element of the marketing mix which gives a)rupee b) cost c) price d) sales revenue​

Answers

A....sorry if I’m wrong

Pick a Random Company?
I need 2 company names plz help

Yo me and my dad actually got along last night n its been so long sense me and him even talked....

Answers

Answer:

Divine Medince and Medince forest

Explanation:

no matter how mad you or your dad get you need to Cherish each moment with him because one day you will wake up and he won't be there

What was the interest rate if your balance on an investment of $357 at the end of six years is $1,128.36?

Answers

Answer: 36%

Explanation:

The formula for simple interest is:

= (Principal × Rate × Time) / 100

Here, the principal = $357

Time = 6 years

Interest = $1,128.36 - $357 = $771.36

To calculate the rate goes thus:

Interest = PRT / 100

771.36 = (357 × R × 6) / 100

771.36 = 2142R / 100

Cross multiply

771.36 × 100 = 2142R

77136 = 2142R

R = 77136 / 2142

R = 36.01

Rate = 36%

Therefore, the interest rate is 36%

A client of yours has heard about private equity investing from some wealthy friends and asks you, the registered representative about it. This customer is age 51 and earns $160,000 per year. He is willing to assume a moderate level of risk in pursuit of higher returns. This customer has a liquid net worth of $450,000 and has a diversified equity and bond portfolio. You should tell the customer that the best way to make a private equity investment is to invest in a(n):
A. Hedge Fund
B. VC Fund
C. REIT
D. BDC

Answers

Answer: BDC

Explanation:

The customer will be informed that the best way to make a private equity investment is to invest in a BDC.

A business development company (BDC) refers to a closed-end fund whereby investments are made in firms that are developing.

Business development companies are publicly traded and gives the investors high dividend yields. BDCs are considered to be good investment due to the fact that they yield high equities.

Summarize three reasons why it is important to use critical thinking.

Answers

Answer:

Improve communication strategies

Support smooth operations

Streamline product development

Explanation:

Improve communication strategies. Communicating with different types of people requires defining the needs of the target audience, which demands critical thinking. For example, if a company is being bought out by a competitor, the CEO must consider how this will impact everyone, from low-level employees to investors, and determine what messages to convey to each party. Acting quickly is essential, as he or she should be the first to give the employees the news to maintain their trust.

Support smooth operations. Maintaining daily operations in an ever-changing environment requires constant critical thinking. For example, if the power goes out at a restaurant and there is no emergency generator, the manager must decide not only what to do with the customers and staff but also whether and how to salvage refrigerated food. The quicker the manager acts, the more likely he or she is to make the best of an unfortunate situation.

Streamline product development. A product development role requires multiple decisions to ensure efficacy, marketability and safety. For instance, if a company is marketing a new kitchen gadget, designing it a certain way would make it look more appealing, but that design could also make it more difficult to use. Should the company prioritize function or fashion? The sooner it reaches a decision, the sooner production can begin.

What three factors that had a negative impact on the financial performances of unibic in its early years?

Answers

Answer:

Price of unibic, preference for other glucose biscuits, and inadequate marketing and branding campaigns had a negative impact on the financial performances of unibic in its early years

Explanation:

The three factors that negatively impacted the financial performances of unibic in its early years were as follows

a) The price of Unibic cookies was higher as compare to its other competitors.

b) During those days, glucose biscuits were preferred as compared to bakery cookies of Unibic

c) Packaging, branding and marketing  not as per the public requirement

A finance company has a total of $20 million earmarked for homeowner and auto loans. On the average, homeowner loans have a 10% annual rate of return, whereas auto loans yield a 12% annual rate of return. Management has also stipulated that the total amount of homeowner loans should be greater than or equal to 4 times the total amount of automobile loans. Determine the total amount of loans of each type that Madison should extend to each category in order to maximize its returns. housing million dollars automobile million dollars

Answers

Answer:

Housing million dollars $1,655.2

Automobile million dollars $413.80

Explanation:

Calculation to determine the total amount of loans of each type

Calculation for HOMEOWNER LOANS

Homeowner loans=$20,000-[(10%*20,000)/(4*12%+10%)]*10%

Homeowner loans=[$20,000-($2,000/48%+10%)]*10%

Homeowner loans=[$20,000-($2,000/58%)]*10%

Homeowner loans=[$20,000-$3,448.3]*10%

Homeowner loans=$16,552*10%

Homeowner loans=$1,655.2

Calculation for AUTO LOANS

Auto Loans=[(10%*20,000)/(4*12%+10%)]*12%

Auto Loans=($2,000/(48%+10%)]*12%

Auto Loans=($2,000/58%)*12%

Auto Loans= $3,448.3*12%

Auto Loans=$413.80

Based on the above calculation Homeowner loans amount of $1,655.2 is 4 times Auto Loans amount of $413.80

Therefore the total amount of loans of each type that Madison should extend to each category in order to maximize its returns are:

Housing million dollars $1,655.2

Automobile million dollars $413.80

Which of the following is a job from the past which no longer exists?
Media buyer
O Typist
Mail deliverer
Lamplighter

Answers

Answer:

Lamp lighter

Explanation:

Very few exist today as most street lighting has long been replaced by electric lamps.

why is it important for a nail care provider to learn and understand the structure and function of the nails?

Elaborate your answer.(5)​

Answers

Answer:

Learning to know and recognize the Anatomy of the Nail is very important, whether for those who work in the Nails sector and every day must take care (even if only Aesthetically) of the Nails of their Customers, and for those who are simply passionate to the topic or prefer to independently take care of their Hands and Feet!

Explanation:

Traditions and beliefs form an intrinsic part of any __________. For example, Hanukkah, a Jewish festival celebrated by Jewish families, is unique and restricted to its community, but not celebrated by other communities. Such traditions are the foundations of families, which in turn builds the _________.

first space options: economy, government, culture
second space options: government, society, businesses

Answers

Answer:

1st blank: society

2nd blank: culture

Explanation:

Extras come from the net income minus
A. Taxes
B. Expenses
C. Savings
D. Budget

Answers

I think it’s B hope that helped

Answer:

Its B

Explanation:

I got it correct

Which of the following is an example of a soft skill?
O A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software

Answers

The ability to work well with project teamwork of the following is an example of a soft skill. The correct option is C.

Soft skills are character traits that help people interact with others positively and successfully. They are immaterial and typically do not pertain to a particular profession or sector of the economy. Soft skills examples include emotional intelligence, teamwork, problem-solving, flexibility, leadership, and communication.

The traits and aptitudes that enable you to work successfully with others during discussions, projects, meetings, or other collaborations are known as teamwork skills. Your capacity for effective communication, attentive listening, responsibility, and honesty are all necessary for teamwork.

Thus, the ideal selection is option C.

Learn more about Soft skills here:

https://brainly.com/question/2949497

#SPJ1

What does a credit card company consider when you apply for a card? A.Which companies you have credit cards from already B.Whether you will pay off your balance in full every month C.How many credit cards you have applied for D.The name of the company where you work

Answers

B. Whether you will pay off your balance in full every month


Which of the following is not a problem of bartering as a medium of exchange?


a.The need for a double
coincidence of wants

b.The need for divisibility

c.The need for portability

d.The need for trade and exchange

Answers

Answer:

The answer is A

My bad lol

An insurance company faces an ethical dilemma. A faulty computer program designed to evaluate insurance claims has been denying a high number of valid claims. A meeting has been arranged where senior management would decide how to handle the situation. The people at the table have varying views of what action to take and why. Han wants to report the error and reimburse the affected customers immediately because he believes he could end up being fired if the company's reputation suffers because of the issue. Jamila wants to report the error because it is the honest thing to do, and therefore necessary. After hearing his colleagues' opinions, Keith says he is willing to do whatever the more experienced managers in the group recommend. Several other managers believe the company should correct the problem going forward but not do anything about the customers who lost out on past payments. Which of the following best describes the ethical system used by Jamila to make her decision?
A. universalism
B. utilitarianism
C. egoism
D. virtue ethics
E. relativism

Answers

Answer:

D. virtue ethics

Explanation:

Virtue ethics is the person based. It would show the moral character of the person that carried out the action instead of the duties & rules. Basically a good person is the someone who possessed and Live the virtues

So according to the given situation, Jamila would use the virtue eithics because the  ethical system has come for her decision

Hence, the option d is correct

WHERE THE PRODUCTION WOULD HAPPEN? (IN THE PICTURE)

Answers

Answer:

on the work ground

Explanation:

They have a large enough flat piece of land that they could plant on

Answer:

cocola company

Explanation:

because it is the right place for production to take place

Review the information in the chart with reasons for and against adding juice boxes to the high school lunch menu.A 2-column table with 3 rows. The 1st column is labeled In Favor of Adding Juice Boxes with entries Juice boxes are an alternative for students with dairy allergies, Juice boxes are an easy way to increase fruit offerings on the menu, and Juice boxes are made from recyclable materials. The 2nd column is labeled Against Adding Juice Boxes with entries The serving size of a juice box is insufficient for high school students, The cafeteria already offers three fruit options as side dishes, and blank.Which statement completes the chart

Answers

Answer:

D. Juice boxes contain too much sugar to be considered a nutritious fruit choice

Explanation:

bc it’s the only option against juice boxes

Answer:

D

Explanation:

Because logic... try it sometime

What are gestures, signs, or words used to communicate known as?

A.
symbols

B.
signals

C.
indicators

D.
signs

E.
motions

Answers

Answer:

a symbols

Explanation:

Communication is preeminently symbolic. There are two major categories of signals people send: signs and symbols. Signs are the foundation of all communication. A sign designates something other than itself, and meaning is the link between an object or idea and a sign

It is definitely A symbols.
Other Questions
An in-ground pond has the shape of a rectangular prism. The pond has a depth of 24 inches and a volume of 72,000 cubic inches. The lengththe pond is two times its width.Find the length and width of the pond to the nearest tenth. Which function is best represented by this graph?A y = 1/4 x + 8B y = 1/4 x - 2 C y = 4x -2 D y = 4x + 8 Hurry 2. What is the name of the ray that is opposite RP? Which scatterplot shows a nonlinear association? How did slavery lead to the civil war? Water molecules at the surface of a body of water tendto pull inward and resist force which is why some insectslook like they are floating on top of water.a) cohesionb) densityc) surface tensiond) adhesion I need help with this please hi people! please help me solve this! d+(-3)>2 Which is a function?O {(-3,5), (1,4), (3,7), (1,7), (4,9)}O {(7.9), (13,-2), (8,4), (7,0), (4,12)}O {(2,1), (-1,7), (6,-2), (10,3), (-6,0)}O {(-2,4), (7,4), (-6,8), (-2,8), (1,1) Which shape is the base of the pyramid shown below?A triangleB square An experiment consists of spinning a spinner. Use the results in the table to find the experimental probability of the spinner not landing on red.Red = 8Blue = 7Green = 9Yellow = 6A. 3/5B. 11/15C. 2/5D. 4/15 Which of these phrases describes a characteristic of postmodern literature?a. a highly objective point of viewb. naturalistic plot linesc. representations of confusion or chaosd. adherence to traditional forms 3|2z-4|-6>12Solve for z Uhm I also need help with this What is NOT a physical change A. Getting clothes wet B. Burning a candle C. Breaking glass Jefferson Inc. (JI) is a relatively new company that wants to improve its employee rewards, compensation, and benefits. The company understands that there are effective reward systems that will motivate employees. However, JI management is not sure which would be the best for the company. Compensation, another important area, must also be improved so that it will satisfy all employees effectively. In addition, the company wants to create benefits to keep the employees not just satisfied, but also motivated. Yet another pressing issue is deciding on the training methods that are to be used to successfully teach the new employees. JI believes that it will be on the right path if all of these changes can be successfully accomplished. The company plans to incorporate performance appraisals so it can be sure that the rewards, compensation, and benefits are effectively distributed. Refer to Jefferson, Inc. JI management must consider implementing the many different types of benefits. These include all of the following except :__________a. insurance packages.b. pension and retirement programs.c. worker's compensation insurance.d. Social Security.e. profit sharing. Which role do productive resources play in a countrys economic activity?They influence which goods and services are produced.They regulate a countrys gross domestic product.They help determine employment rate.They distinguish various divisions of labor.How does the availability of productive resources influence specialization?It allows goods to be made easily and at a low cost.It determines scarcity of certain products.It fixes production quotas over a three-month period.It regulates the distribution of goods and services.Which area of specialization is most influenced by the availability of raw materials, like iron ore and fossil fuels?manufacturingtourismlumber productsfishingHow is the productive capacity of a region influenced by available productive resources?It is never influenced by increasing or decreasing the number of productive resources.It decreases as the availability of productive resources gets higher.It increases when there is a high number of productive resources.It increases as productive resources decrease. Factor completely, then place the factors in the proper location on the grid.128x2 +96xy + 18y2 Suppose that the population of deer in a state is 7,700 and is growing 3% cach year. Predict the populationafter 5 years When was jesus circumcised as directed by the law of moses? (Religon class) plz help asap