As a result of a review and aging of accounts receivable in early January 2018, it has been determined that an allowance for doubtful accounts of $16700 is needed at December 31, 2017. What amount should Swifty record as "bad debt expense" for the year ended December 31, 2017?

Answers

Answer 1

Answer:

The full question is "The following information is available for Murphy Company Allowance for doubtful accounts at December 31, 2018 Credit sales during 2019 Accounts receivable deemed worthless and written off during 2019 $ 24,000 1,200,000 27.000 As a result of a review and aging of accounts receivable in early January 2018, it has been determined that an allowance for doubtful accounts of $16,000 is needed at December 31, 2018 What entry will Murphy make to record "bad debt expense" for the year ended December 31, 2017"

                  Journal Entry for the bad debt expenses

Date       Account Title and Explanation    Debit    Credit

Dec 31    Bad Debt Expense                      $19,000

               ($16,000 + $3,000)

                      Allowance for Doubtful Accounts      $19,000

               (To record bad debt expense)

Workings

                          Allowance for Doubtful Account

Write off  $27,000                        $24,000   Beginning balance

Unadjusted balance  $3,000    

                                                      $19,000   Adjustment

                                                      $16,000  Ending balance

                 Bad Debt Expenses

Beginning balance     $0

Adjustment                  $19,000

Ending balance           $19,000


Related Questions

Which of the following does Content Marketing helps with?

Answers

Content Marketing helps with Option D. All the above.

Content marketing is a strategic marketing approach that aims to create valuable, relevant, and engaging content for the targeted audience to increase their engagement and loyalty towards the brand. It involves the creation and sharing of various types of content, such as blog posts, articles, videos, infographics, and social media posts, to attract and retain customers.

Content marketing can help businesses achieve various objectives, including:

SEO (Search Engine Optimization): Content marketing can help businesses improve their SEO ranking by creating and publishing high-quality, relevant, and valuable content that includes relevant keywords, meta descriptions, and tags. When the audience engages with this content, it signals to search engines that the content is useful and relevant, which can improve the website's ranking on search engine result pages.

Brand building: Content marketing can help businesses establish themselves as thought leaders in their industry by creating and sharing high-quality content that offers value to their target audience. By consistently creating valuable content, businesses can build trust, credibility, and authority among their target audience, which can ultimately lead to increased brand awareness, loyalty, and advocacy.

Social media reach: Content marketing can help businesses increase their social media reach by creating and sharing valuable and engaging content on social media platforms. By creating shareable content, businesses can attract more followers, increase engagement, and drive traffic to their websites, ultimately leading to increased conversions and sales.

Overall, content marketing is a powerful marketing tool that can help businesses achieve various objectives, including SEO, brand building, and social media reach. It involves creating and sharing high-quality, relevant, and valuable content that resonates with the targeted audience to increase engagement, loyalty, and conversions. Therefore, the correct option is D.

The question was incomplete, Find the full content below:

Which of the following does Content Marketing helps with?

A. SEO

B. Brand Building

C. Social Media Reach

D. All the above​

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Value stream mapping is used to identify all of the value-adding as well as non-value-adding processes that materials are subjected to within a plant.
a. true
b. false

Answers

true the answer is true

Phương pháp công ty Samsung xác định giá, phân tích ưu/ nhược điểm:
help me

Answers

I’m not sure how to help you.

Evaluate the statement "Accounting is all about numbers.". Using the definition of accounting to
justify your answer. (10 marks, maximum 250 words)

Answers

Answer:

To say "Accounting is all about numbers." is incorrect since Non- Financial or Non Qualitative information must be communicated on economic entities as well.

Explanation:

Accounting is the measurement, processing and communication of financial and non-financial information about economic entities such as business and corporations.

To say "Accounting is all about numbers." is incorrect since Non- Financial or Non Qualitative information must be communicated on economic entities as well .These Non - Financial information included the Corporate Activities which has impacts on Community (People) and the Environment (Planet).

Janae has created a table of her company's revenue data. The company sells its products in four cities. Janae's manager told her to create a new
visual showing the share of revenue from each city. Complete the following sentences.
Janae should choose a
to show each city's contribution to the company's total revenue. This type of visual is especially
effective because it allows her to show the revenue from each city as a
of the company's total revenue.
Reset
Next? Does anyone know the answer

Janae has created a table of her company's revenue data. The company sells its products in four cities.

Answers

Answer:

First one is "Pie Chart"

Second one is "Percentage"

Explanation:

Enjoy

Mike is getting a 30 year fixed rate mortgage on his house. He plans on moving in about 8 years, selling the house and paying off the loan. Which of the folowing
type of 30 yr FRM should he
O point
1 point
2 point
3 point

Answers

Answer:

2

Explanation:

IT is 2 beacuse if you divide then multiply rimnder will be 2 so i gotchu

.

many state legislators have decided to take on crime and other forms of delinquency in schools through zero tolerance policies. They believe that
dentifying and removing disruptive or poorly performing students will improve the overall quality of the school. What does this argument fail to
address?
A. It ignores the fact that the problem can only be solved at an individual level.
B. It is a person-blame
approach that ignores the role of institutions.
C. This kind of policy fairly targets all students who struggle academically.
D.There is no way to be sure what motivates a student to commit violent acts.

Answers

Answer:

It is a person-blame

approach that ignores the role of institutions.

Explanation:

Hope this helps

what link-building strategy do search engines implicitly approve?

Answers

The link building strategies that the search engines are known to have to approve of implicitly would be the

Nofollowthe sponored links attributes

What is meant by the link building strategies?

This is the term that is used to refer to the practice that has to do with the ways that the one way hyperlinks can be built. This is usually done through the use of the website that had to have the goal of helping to get visibility through the use of search engines.

The strategies that are used are the ones that have to do with content writing, the ones that have to do with useful tools and those that have to do with the outreach that is done with the use of mails.

The other ways that this can be done would be through the use of the social media outreach. Hence the links that they would use implicitly would have to do with the nofollow links etc.

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Can you think of other ways ethics and corporate social responsibility information could be communicated in an engaging way?

Answers

An objective tone that isn't overly self-congratulatory or promotional is the best strategy for CSR communications. In your communications, be sincere and fair. That entails spreading more than simply good news.

What ethical and socially responsible practices do firms display?

A firm can embrace social responsibility in a number of ways, including giving, encouraging volunteerism, using ethical hiring procedures, and making changes to the environment. For instance, businesses trying to minimize their environmental impact would try to cut back on waste and carbon emissions.

How are business ethics and corporate social responsibility related?

Therefore, corporate social responsibility (CSR) is more focused on the corporation (or organization) and its obligations and behavior to other stakeholders in the larger social system, as opposed to business ethics, which is more focused on the role and responsibilities of managers and employees as business agents.

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the impact of inflation in businesses​

Answers

Answer:

Rapidly rising prices not only affect the price consumers pay, they also affect the cost businesses have to pay for materials and inventory. When replacement inventory costs more than the inventory you just sold, it can lead to inventory shortages.

Explanation:

I hope it helped


Discuss
any
four ways in which Specialization has
improved the economic development of Nigeria.​

Answers

Answer:

fixing electricity in Nigeria.

discouraging insurgency in Nigeria.

patronizing Nigerian made products.

improvement of law and order.

Why are banks , credit unions , and nondepository types of institutions starting to converge in terms of products and services

Answers

They're making branch-based services more accessible than internet resources is the reason of starting coverage  in terms of products and services.

Why are banks different from other depository institutions?

Depository institutions like banks are maximum depend on the commercial banks, savings and loans, and credit unions take money from the depositors and then lends a loan to the people.

Nondepository institutions like finance companies mostly rely on the outsources of funding.

Thus, They're making branch-based services more accessible than internet resources

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Which measure assesses the profit of an Investment over time by taking Inflation and other costs into account?
Select the best answer from the choices provided.
A prime rate
B. nominal rate of return
C. real rate of return
D. volatility

Answers

Ill get back to you

A “new product" can be new to the world, to the market, to the producer or seller, or some combination of these.

True or False​

Answers

The answer would be true

Help me ASAP. 50 Points.
How is social and domestic policy created and implemented? How involved should govemment be in solving various problems in our country? That is an enduring issue in the United States. For each of the examples, decide whether the hypothetical problem should be solved by (a) government, (b) government and the private sector acting together, or (c) the private sector (business and/or charity). Give your reasons for each. •A few ships have crashed near a harbor because it lacks a working lighthouse Americans' health is declining due to poor nutrition. Many high school graduates do not have the skills needed to be successful in the workforce . Sometimes, farmers or ranchers lose an entire crop or herd to bad weather. Such a loss can bankrupt a small farm. An alarming number of people have been injured while using chainsaws • Home prices fell sharply in some cities and many homeowners could not afford to pay their mortgages. • Fast-food workers complain that their pay-generally the federal minimum wage-is not enough to support their families • A business cannot market its products effectively because it does not have current information about the demographics of the community

Help me ASAP. 50 Points.How is social and domestic policy created and implemented? How involved should

Answers

Answer:

Explanation:

Negotiations often involve three types of issues. For ______________ issues, the parties' preferences are directly opposed. For ______________ issues, the parties have directionally-opposed preferences but value the issues differently. For ______________ issues, the parties have the same preferences.

Answers

Answer:

1. Distributive issues

2. Integrative issues

3. Congruent issues

Explanation:

Typically, for every negotiation process, any of the three kinds of issues are involved, this includes the following distributive, congruent, and integrative issues.

Hence, Negotiations often involve three types of issues. For DISTRIBUTIVE issues, the parties' preferences are directly opposed. For INTEGRATIVE issues, the parties have directionally-opposed preferences but value the issues differently. For CONGRUENT issues, the parties have the same preferences.

For DISTRIBUTIVE issues, the parties' preferences are directly opposed.

For INTEGRATIVE issues, the parties have directionally-opposed preferences but value the issues differently.

For CONGRUENT issues, the parties have the same preferences.

What is a Negotiation?

A Negotiation refers to method through which parties settle their differences and in reaching an agreement.

Generally, for every negotiation process, any of the three kinds of issues are involved, this includes the following distributive, congruent, and integrative issues.

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At the close of the meeting, the secretary of the council asked for agenda items for next month, and said, “We currently have the following items on the agenda: the greenbelt, town history, and tax revenue.”

She looked at Tony and quipped, “Should I put you down for next month, Tony? We figured you might have a new career in public speaking.” The audience laughed as Tony shook his head and said, “I think I’ll stick to dentistry for now.”

The type of speech a speaker prepares is determined by the purpose, audience, context, and topic of the speech.

Which of the following is an informative speech topic?

An argument for protecting the town greenbelt for future generations

An explanation of how the town's founding fathers' policies shaped the characteristics of the town

A debate about how to use the town's yearly tax revenue

A humorous "roast" of the town manager who is approaching retirement

Answers

An example of an informative speech topic is an explanation of how the town's founding fathers' policies influenced the characteristics of the town.

A description of how the town's founders' policies shaped the characteristics of the town is an illustration of an instructive speech topic. The purpose of an informative speech is to inform or teach the audience about a certain issue. This topic contains information on the history of the town and how it has been shaped by prior policies. The other options, a defense of the town's greenbelt, a discussion of how to spend the town's annual tax revenue, and a lighter "roast" of the departing town manager, are examples of powerful, thoughtful, and humorous speeches, respectively.

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Steps to follow when preparing a budget

Answers

Answer:

1. Assess your financial resources

The first step is to calculate how much money you have coming in each month. This might be investment income, government assistance, student loans, employment income, disability benefits, retirement pensions or money from other sources.

2. Determine your expenses

Next you need to determine how you spend your money by reviewing your financial records. If your records aren't clear, consider keeping a financial diary to track your spending.

Be sure to separate the fixed expenses that you must meet (mortgage, rent, car payments, insurance) from variable expenses (food, clothing, entertainment, charitable gifts). Once you see your spending patterns, you may be able to make adjustments to certain expenses.

3. Set goals

Establish a list of the goals you wish to achieve. These can be long-term goals like purchasing property or funding your retirement. Or they can be short-term goals such as home improvements or car maintenance.

4. Create a plan

Once you've figured out how much money is coming in and where it's going, you can put together a plan that matches your goals with your financial situation.

5. Pay yourself first

When you pay yourself first you simply set aside a certain amount of money each month to go into an account that you will not touch. You can set up a separate savings account for infrequent but anticipated expenses, such as property taxes, vacations, automobile insurance or car maintenance. Our Jumpstart® is specially designed for these types of savings plans.

6. Track your progress

At the end of each month, you should re-evaluate your budget. Compare your actual expenses and income to your budget and make appropriate adjustments.

Once your budget is done, things are bound to change. They always do. So stay flexible. And remember, a budget is only a guideline. It doesn't factor in non-financial considerations that can result from drastic changes in spending habits.


Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?

Answers

Managers want larger budgets; entrepreneurs work to do more with less.

How do entrepreneurs approach resources differently from employee-managers?

Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.

This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.

Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.

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Beginning three months from now, you want to be able to withdraw $1,500 each quarter from your bank account to cover college expenses over the next 4 years. The account pays 1.25 percent interest per quarter. How much do you need to have in your account today to meet your expense needs over the next 4 years?

Answers

Answer:

$21,630.44

Explanation:

Calculation for How much do you need to have in your account today to meet your expense needs over the next 4 years

Rate Per quarter =1.25%

PMT =1,500

Number of Periods =4*4 =16

Based on the information given we are going to find the Present value (PV) by using annuity due formula

PV =PMT*((1-(1+r)^-n)/r)

Let plug in the formula

PV=$1,500*((1-(1+0.0125)^-16)/0.0125)

PV=$1,,500*((1-(1.0125)^-16)/0.0125)

PV=$1,500*((1-0.8197463466))/0.0125)

PV=$1,500*(0.1802536534/0.0125)

PV=$1,500*14.420292272

PV=$21,630.44

Therefore the amount you will need to have in your account today to meet your expense needs over the next 4 years will be $21,630.44

What are some period costs related to the manufacture and sale of McDonald's French fries?

Answers

Some period costs that related to the manufacture and sale of McDonald's French fries are: Advertising and promotion cost, Distribution cost , Rent and utilities ,Administrative cost.

What  is period cost?

Period costs can be defined as those  expenses that are not related to the production of a product but are rather incurred during the period in which the product is sold.

Some examples of period costs related to the manufacture and sale of McDonald's French fries may include:

Advertising and promotion costs to market the French fries to consumersDistribution costs to get the French fries from the manufacturer to the restaurantsRent and utilities for the restaurant space where the French fries are soldAdministrative costs such as salaries for non-production employees and office expenses

Therefore  Advertising and promotion cost, Distribution cost , Rent and utilities ,Administrative cost are period cost.

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Which of the following statements is true of financial leverage

Answers

maybe take a picture of it so i can help:)

how the fourth industrial revolution affects education​

Answers

The fourth industrial revolution, also known as Industry 4.0, is bringing about a massive transformation in the way we live, work and learn.

What is industrial revolution?

The Industrial Revolution was a period of time in the 18th and 19th centuries when major changes in agriculture, manufacturing, and transportation had a profound effect on the socioeconomic and cultural conditions in Britain.

It is characterized by the increased use of technologies such as artificial intelligence (AI), the Internet of Things (IoT), robotics, and 3D printing. These changes are having a profound effect on education, from the way students learn to the way teachers teach.
One of the major impacts of the fourth industrial revolution on education is the shift from traditional instructional methods to more personalized, adaptive learning. With the use of AI and machine learning, students can now receive tailored instruction and content that is tailored to their individual learning styles and needs. This not only helps to increase student engagement and achievement, but also helps teachers to better meet the needs of their students.
Another way the fourth industrial revolution is affecting education is through the increased use of technology in the classroom. Technologies such as virtual reality and augmented reality are being used to create immersive learning experiences, while collaborative platforms are being used to facilitate group discussions and activities. This increased use of technology is allowing students to gain more hands-on experience and to better understand complex concepts.
Finally, the fourth industrial revolution is also having an impact on how students are assessed. With the use of AI and machine learning, teachers are able to gain insights into student performance and assess them in real time. This not only allows for more accurate assessment and feedback, but also helps to ensure that students are learning the material effectively.

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To use an outline for writing a formal business document, what should you do after entering your bottom-line statement? O A. Move the bottom-line statement to the end of the document. OB. Write a topic sentence for every detail. O C. Enter each supporting detail from the outline on a separate line. O D. Enter each major point from the outline on a separate line. ​

Answers

Answer:

enter each major point from the outline on a separate line

Explanation:

Kk

Answer:

D : Enter Each Major Point From The Outline On a Separate Line

Explanation:

AP3X

pog

There is no such thing as free lunch means?

Answers

Answer:

a phrase that describes the cost of decision-making and consumption. That things that appear to be free will always have some hidden or implicit cost to someone, even if it is not the individual receiving the benefit.

There is no free lunch in economics means that everything comes with a price. The price may not always be money. If you get something for free, there is a cost that has be paid somewhere in the wider economic system.

Josh buys an $8000 10-year bond that has a coupon rate of 4.5 %. If he keeps the bond to maturity, how much interest will he collect?

Answers

Josh will collect $3600 in interest if he keeps the $8000 10-year bond with a 4.5% coupon rate to maturity.

To calculate the interest that Josh will collect from the 10-year bond with an $8000 face value and a coupon rate of 4.5%, we need to consider the annual interest payment and the total number of interest payments over the bond's lifespan.

The annual interest payment can be calculated by multiplying the face value of the bond ($8000) by the coupon rate (4.5%). This gives us an annual interest payment of $360 (8000 * 0.045).

Since the bond has a 10-year maturity, there will be a total of 10 interest payments over its lifespan. Therefore, the total interest Josh will collect can be calculated by multiplying the annual interest payment ($360) by the number of interest payments (10).

Total interest = Annual interest payment * Number of interest payments

Total interest = $360 * 10

Total interest = $3600

Therefore, if Josh keeps the bond to maturity, he will collect a total of $3600 in interest over the 10-year period.

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Who is in charge of making sure the correct type and amount of fabric is ready for a new clothing line

Answers

The person in charge of making sure the correct type and amount of fabric are ready for a new clothing line is Patternmaker.

This is because a Patternmaker is someone who is a specialist in making clothing samples.

These samples are designed according to the correct type and quantity of fabric to be used for a new clothing line.

Usually, a patternmaker is someone responsible for ensuring the clothing design model is transformed into actual production.

Hence, in this case, it is concluded that Patternmaker is the person in charge of making sure the correct type and amount of fabric is ready for a new clothing line.

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Answer:

technical designer

Explanation:

A technical designer works in the fashion industry to help take a garment from concept to shelf. As a technical designer, it's your job to take creative designs and adapt these ideas into actual products.

On the lines below, write an introductory paragraph about your topic of choice. Include a thesis statement, an introduction to at least three main points or arguments, a summary statement, and a transition statement. Make sure your work is well polished, neatly written, and free of grammar and spelling errors. If possible, create a rough draft first, edit your work, and then transfer the final introduction below.

Answers

Exercise business has several advantages for both physical and mental health, making it an essential part of a healthy lifestyle. Frequent physical activity can lower the chance of developing chronic diseases,

What makes exercise beneficial for business?

According to several studies, working out while at work may also improve output. Visiting the gym throughout work hours increased productivity, time management, and job satisfaction, according to a Leeds City University research.

How lucrative is a little gym?

A profitable gym can be one that attracts a diverse group of members and runs smoothly. A gym having 1,000 members who each pay $50 a month, for instance, could make $50,000 a month in revenue. The gym would make $30,000 per month if its monthly expenses were $20,000 and its monthly profit was $30,000.

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Aubrey Daniel's savings account has a principal of $5,725. It earns 4% interest compounded quarterly for three quarters

Answers

Based on the period of compounding, the amount it comes to after 3 quarters is $5,327.75 and the interest earned is $52.75.

Find periodic rate

The 4% is an annual figure. Find the quarterly figure:

= 4%/4

= 1% per quarter

Amount after 3 quarters

= Amount x ( 1 + rate) ^ number of periods

= 5,725 x ( 1 + 1%)³

= $5,327.75

Interest earned

= Amount after 3 quarters - Invested amount

= 5,327.75 - 5,275

= $52.75

In conclusion, an interest of $52.75 was earned.

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Answer: 4% divided by 4= 1% per quarter

after 3 quarters

Amount x ( 1 + rate(1%)) ^ number of periods (3)= 5,725 x ( 1 + 1%)³

= $5,327.75

Amount after 3 quarters - Invested amount

= 5,327.75 - 5,275

= $52.75 -interest earned

• please explain the 5 common strategies and actions of rival companies. with examples
Thank you.
( I need the answer no more 2 hours ).

Answers

Rival companies typically employ various strategies and actions to compete with each other in the market such as price competition, product differentiation, marketing and advertising, partnerships and price competition.

How companies compete

Here are five common strategies and actions that rival companies may use:

Price competition: In order to outbid competitors, this tactic entails reducing the cost of a good or service. This is frequently done to draw in consumers who are interested in the best bargain yet are price conscious.

Product differentiation: This tactic entails developing distinctive goods or services that distinguish them from rivals. Features, design, quality, or brand reputation can all be used by businesses to differentiate their products.

Marketing and advertising: Businesses utilize marketing and advertising to build their brands, boost revenue, and draw in new clients. In order to reach target audiences, this strategy calls for the creation of appealing marketing messages and the use of numerous channels.

Strategic alliances and partnerships: Strategic partnerships and alliances are created by businesses to obtain access to new markets, technologies, or resources. This tactic entails working with other businesses to accomplish common objectives.

Mergers and acquisitions: To expand market share, lessen rivalry, or gain access to cutting-edge technologies or resources, businesses may combine with or purchase rival businesses. For the purpose of achieving synergies and economies of scale, this strategy involves buying or merging with another business.

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