subject
Business, 24.10.2019 01:50 webbjalia04

Wave inn's first year of operations is 2011. during the year the company had net credit sales of $2,939,000, bad debt write-offs of $99,000 (debit balance in the allowance for doubtful accounts), and cash collections of $2,060,000. at december 31, 2011, the company estimates that the net realizable value of accounts receivable is $750,000. what is the amount of bad debt expense reported on wave inn's income statement for the year ended december 31, 2011?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 10:30
The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.
Answers: 1
question
Business, 22.06.2019 11:00
Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false
Answers: 1
question
Business, 22.06.2019 13:40
A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.
Answers: 3
question
Business, 22.06.2019 21:00
Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.
Answers: 1
You know the right answer?
Wave inn's first year of operations is 2011. during the year the company had net credit sales of $2,...
Questions
question
English, 20.10.2021 02:20