Business, 19.11.2019 05:31 GamerGirl15
Sawyer, inc. consistently estimated its bad debt expense at 1 percent of credit sales. in 2017, however, sawyer determines that it must revise upward the estimate of bad debts for the current yearâs credit sales to 2%, or double the prior yearsâ percentage. sawyer uses the revised estimate of 2% and calculates bad debt expense of $500,000. how is the change in the estimated bad debt expense reported in sawyerâs 2017 financial statements?
Answers: 3
Business, 22.06.2019 04:30
Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jenniferâs home practically disappears. she will not need to pay insurance anymore.
Answers: 1
Business, 22.06.2019 09:00
Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance
Answers: 2
Business, 22.06.2019 11:20
In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that âlots of campbellâs soups are low in calories,â which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i
Answers: 2
Business, 22.06.2019 15:20
Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberĘźs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.
Answers: 1
Sawyer, inc. consistently estimated its bad debt expense at 1 percent of credit sales. in 2017, howe...
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