at december 31, 2015, the accounts receivable balance of carrie corporation is $200,000. carries expects 1% of the outstanding accounts receivable to be uncollectible. prior to adjustment, allowance for uncollectible accounts has a credit balance of $200. the expense reported on the income statement as uncollectible account expense of 2015 is:
Answers
The uncollectible account expense for Carrie Corporation in 2015 is $1,800. This amount is calculated using the accounts receivable balance and the expected uncollectible percentage.
To determine the uncollectible account expense for Carrie Corporation on December 31, 2015, follow these steps:
1. Calculate the expected uncollectible amount: $200,000 (accounts receivable balance) x 0.01 (1% expected uncollectible) = $2,000.
2. Check the existing credit balance in the allowance for uncollectible accounts: $200.
3. Subtract the existing credit balance from the expected uncollectible amount to find the additional expense needed: $2,000 (expected uncollectible) - $200 (existing credit balance) = $1,800.
Therefore, the uncollectible account expense to be reported on Carrie Corporation's income statement for 2015 is $1,800. This figure represents the additional amount needed in the allowance for uncollectible accounts to cover the expected uncollectible receivables.
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Related Questions
According to the graph above, if the price of coffee falls while the consumer is in equilibrium at point a, which of the following will occur?
a) The indifference curve shifts to the right
b) Consumer balance does not change.
c) The budget line shifts. to the right only on the horizontal axis.
d) The consumer can buy more shoes with all of his income.
Answers
conduct a research in your community on the negative impact of strikes as a socio-economic issue on businesses and present your findings
Answers
The negative impact does strikes have on the economy are:
Low employment rate.Low business confidence.Increases in the level of risk of economic stagflation, etc.What are the effects of strikes on the economy?The negative impact of strike is that it strains the employment relationships that exist between parties and thus influence teamwork and profitability negatively.
Note that a lot of Businesses suffer production and financial losses as well as low consumer confidence during these strikes.
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Place the steps in order for inserting a video link into a document.
Place the cursor at the
insertion point
Click the Online Video
button
Preview the video before
saving the document
Click Insert tab
Search for and select the
video
Answers
Choose Online Video from the ribbon's Insert tab. Insert the URL you copied in step 2 into the Insert Video dialog box. Choose Insert.
What actions are required to add a hyperlink to a document?Make a link to a specific web page.
The text or image that you want to appear as a hyperlink should be selected. Input Ctrl+K. You may also choose Link from the shortcut menu by right-clicking the text or image and selecting it.
What is the best way to add a video to a Word document?
Add a video, sound, or movie to Microsoft Word, PowerPoint, or Excel.
Click Object from the Insert menu, then select the Create from File tab.
Locate the movie (or sound wave) you wish to insert by clicking Browse and then browsing.
Choose a movie (video clip or sound wave)
Press Insert.
Double-click a media file's icon to start playing it.
Select OK.
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what is the disadvantages of uber eats in fast food industry
Answers
Answer:
One disadvantage would be the decrease in revenue from normal fast food restaurants, as getting your food delivered would decrease the amount of people who dine in
Explanation:
Answer:
uber eats perks
Explanation:
cnn.com runs a story reporting that the consumer confidence index has risen. having taken an economics class, you predict that spending in the economy will ________. at the same time, aggregate demand will ________.
Answers
As a result of Consumer Confidence Index rising, spending in the economy will increase and aggregate demand will rise.
Consumer Confidence Index (CCI) refers to how optimistic people are about their finances. When the CCI is high:
People are more confident in their finances and the ability to make income in future People will spend more in the economy because they are more confident in their income Aggregate demand will rise as more people demand goods and servicesIf the CNN is correct in reporting that the CCI is rising, we can expect that spending in the economy will rise and so will aggregate demand.
In conclusion, spending in the economy will increase and aggregate demand will rise.
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Which of the following is NOT an example of a metric
?
Answers
Answer:
can you tell me what the choices are and I'll answer in the comments
Explanation:
floor gang aooh sub to pewdiepie
QUICK QUESTION !!!
P.S. I WILL GIVE BRAINLIEST TO THE BEST ANSWER!!!!
Who here knows how to give answers that you know will automatically get you brainliest when the second person answers?
Answers
Answer:
give the correct answer and a good,clear explanation:))
Explanation:
Answer:
briefly do some research and give the best answer u find
Explanation:
Gross domestic product tracks economic growth by measuring all goods and services
exported by an economy.
produced by an economy.
imported by an economy.
purchased by an economy.
Answers
Gross domestic product tracks economic growth by measuring all goods and services option B: produced by an economy.
What is Gross domestic product?Gross Domestic Product is refers to as the measurement of the total value of the output of all the goods and services produced within a Financial year by the country.
Moreover, the term GDP does not include Intermediate goods and services because it is only concerned with the New and Current production.
Therefore, correct option is B.
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Answer:
B just got it right
Explanation:
Which of the following is a demographic characteristic that is a force for
change outside the organization?
O Education
O Productivity
O Job satisfaction
O Petroleum prices
Answers
A demographic characteristic that is a force for change outside the organization is Education.
Demographic characteristics refer to attributes that describe the status of people or a person such as age, gender, ethnicity or income.
Education is often strongly associated with fertility, mortality and migration experiences. As a planned long-term activity, schooling must in general be considered to be potentially and endogenous.
It also refers of a population, such as age, race, and martial status.
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Plzzz help me with this one
Answers
Answer:
what the question.....
Uno dos one two e r
Chicken nuggets.
Answers
Answer:
i swim in points
Explanation:
bonqueque
Answer:
Explanation:
The account holder of a checking account is referred to as the _________ on a written check.
a. Payee
b. Drawee
c. Drawer
d. Authorized user
Answers
Explanation:
“A payee is a person to whom money is paid or is to be paid, especially the person to whom a check is made payable” - Oxford
You've decided you want to sell a bond before its maturity date. Interest rates are currently higher than when you bought the bond. What will you likely have to do to make your bond more appealing to investors?
A) Lower the interest rate
B) Sell your bond at a discounted price
C) Increase the interest rate
D) Sell your bond at a higher price
Answers
Increasing the interest rate you will likely have to do to make your bond more appealing to investors.
Option C is correct.
What draws investors' attention to bonds?Preservation of capital: Bonds, in contrast to stocks, must be repaid in full upon maturity. Bonds are appealing to investors who don't want to risk losing money and to those who will have to meet a liability in the future.
What is the most crucial factor for bond investors?The bond's price, interest rate and yield, maturity date, and redemption features are the most significant aspects. You can determine whether a bond is an appropriate investment by analyzing these key components.
Why do rising interest rates make bonds more appealing?that indicates that bond prices decrease when interest rates rise. In order to appear appealing to investors, bonds compete with one another in terms of the interest income they provide. Since newer bonds have higher interest rates when interest rates rise, existing fixed-rate bonds must sell at a discount in order to compete.
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select all that apply investing activities include blank . multiple select question. the sale of used equipment interest payments on long term loans the purchase of a new building the sale of common stock
Answers
Investing activities involve the acquisition or disposal of long-term assets that are expected to provide benefits for more than one year.
The following activities are considered investing activities:
- The purchase of a new building: This involves a long-term commitment of funds and is expected to generate economic benefits for more than one year.
- The sale of used equipment: This is the disposal of a long-term asset that was used to generate revenue for the business. The proceeds from the sale can be used for other investing activities or operating activities.
- Interest payments on long-term loans: This is not considered an investing activity but a financing activity as it involves payments to the lenders who provided the long-term financing.
- The sale of common stock: This is not considered an investing activity but a financing activity as it involves the issuance of equity securities to investors in exchange for cash.
Therefore, the correct options for investing activities are the purchase of a new building and the sale of used equipment.
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What would happen if you fake a credit card number online on a website.
My 13 year old friend did that months ago and now he got a message saying his “chase account was locked due to suspicious activities”
I’m only asking because he’s freaking out
Answers
Answer:
Nothing. Just ignore it
Explanation:
If it was a fake credit card theres absolutely nothing to be worried about. Just go on with your day, it was months ago, bank security is strict if something was wrong they would've told him probably the same week of, add me on discord if you got more questions C H I L L
#2415
Wertheim Enterprieses reports the following data for its first year of operation. Direct materials used $710,100 Cost of goods manufactured 1,030,300 Direct Labor 350,000 Finished goods inventory, ending 190,800 Manufacturing overhead 100,100 Finished goods inventory, beginning 0
Work in process inventory, beginning 0 Work in process inventory, ending 130,000 What is the cost of goods sold? O $1,490,400 O $459,500 O $680,200 O $839,500
Answers
The cost of goods sold for Wertheim Enterprises in its first year is $839,500, representing the total expenses for goods sold during that period. Option D.
To calculate the cost of goods sold, we need to consider the following components: direct materials used, direct labor, and manufacturing overhead.
Direct materials used: $710,100
Direct labor: $350,000
Manufacturing overhead: $100,100
Total manufacturing costs can be calculated by adding the direct materials used, direct labor, and manufacturing overhead:
Total manufacturing costs = $710,100 + $350,000 + $100,100 = $1,160,200
The cost of goods manufactured is given as $1,030,300. This represents the total cost of goods completed and transferred to the finished goods inventory.
To find the cost of goods sold, we need to account for the changes in finished goods inventory:
Finished goods inventory, beginning: $0
Finished goods inventory, ending: $190,800
The cost of goods sold can be calculated as follows:
Cost of goods sold = Cost of goods manufactured + Finished goods inventory, beginning - Finished goods inventory, ending
Cost of goods sold = $1,030,300 + $0 - $190,800 = $839,500
Therefore, the cost of goods sold for Wertheim Enterprises in its first year of operation is $839,500. So Option D is correct.
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All of the following are components of aggregate expenditure except _____.
(a) consumption spending
(b) net export spending
(c) actual investment spending
(d) government spending.
Answers
Aggregate expenditure is calculated using the formula AE = C + I + G + NX. The equation, when written out, reads as follows: Total spending = Total Household Consumption.
What doesn't count toward total spending?Transfer payments (such pensions and unemployment compensation) are excluded from G because they would be counted twice. When an economy is open, net exports—defined as total exports minus total imports—are also included in the economy's total spending.
Which 4 expense elements are there?Consumption, investment, net exports of goods and services, and government purchases of goods and services are the four essential categories of expenditures that must be included when calculating the gross domestic product (GDP) (GDP).
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Barton health services provided care to a patient worth $1,200. Because the patient was over the age of 65, barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would barton record the service transaction?.
Answers
If Barton health services provided care to a patient worth $1,200. Because the patient was over the age of 65, barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would barton record the service transaction is : Debit Cash, 960; Credit Service Revenue 960.
Journal entrySince the company provide care to patient that worth the amount of $1,200 in which the company as well gives 20% discount to its patient. The appropriate journal entry to record the transaction is :
Barton health services journal entry
Debit Cash 960
Credit Service Revenue 960
[ 1,200 - ( 1,200 × .20) ]
( 1,200 -240 = $960)
( To record sales revenue )
Therefore we can conclude that the company will debit cash of the amount of $960 and credit sales revenue of the amount of $960.
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Iron Company collects cash in full from a customer who purchased merchandise last month on credit. To record the receipt of cash, Iron Company should make the following entries in the general journal. (Check all that apply.) Check all that apply. Debit to Accounts Receivable Credit to Cash Credit to Accounts Receivable Debit to Sales Debit to Cash
Answers
To record the receipt of cash from a customer who purchased merchandise on credit, Iron Company should make the following entries in the general journal:
- Credit to Accounts Receivable
- Debit to Cash
These entries reflect the fact that the company is reducing its accounts receivable balance (which represents the amount owed to it by the customer) and increasing its cash balance (which represents the amount of money received from the customer).
There is no need to make a debit to Sales, since the sale itself was already recorded when the merchandise was sold on credit. Additionally, there is no need to make a credit to Accounts Receivable, since this would result in a double credit to this account (once when the sale was made on credit, and again when the cash was received).
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Which of the following paycheck withholdings goes towards taking care of the elderly
and disabled people?
Answers
Answer:
SSI Tax or SSDI
Explanation:
One common element of all mass media (whether it is a news article, TV commercial, book or anything intended for a large audience) is that the message is:
A. Emotional
B. Objective
C. Constructed
Answers
Answer:
C
Explanation:
most of mass media tries to advertise the people that are watching or looking at it a product of some sort
Klondike inc. sold goods to customers for $5,000 cash. the cost of the goods was $3,000. the journal entries to record this transaction include:________
Answers
Answer:
credit to sales $5,000.
Which accounts are closed to retained earnings at the end of an accounting period?Temporary accounts include revenue, expenses, and dividends, and these accounts must be closed at the end of the accounting year.Income statements include revenue, costs of goods sold, and operating expenses, along with the resulting net income or loss for that period.To learn more about it, refer
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What are the major differences between a "Guarantor" of a contract and
an "Accommodation maker/drawer" in a negotiable instrument?
Answers
Answer:
a is the answer
Explanation:
restitution is an equitable remedy in which the court unwinds the contract and eliminates all obligations under the contract from the time of the breach question 8 options: true false
Answers
False; restitution is not an equitable remedy whereby the court annuls the agreement and lifts all obligations starting with the time the agreement was broken.
Describe restitution.Many victims want to know how they can get their financial losses from a crime compensated. An overview of that procedure can be found on this page. The Mandatory Restitution Act of 1996 set up processes for figuring out how much restitution a victim might be eligible for.
It also contains details on how to seek restitution for crimes committed before the Act's effective date of April 24, 1996. According to the Act, "identified" victims may be eligible for an order of restitution for specific losses incurred as a result of an offense or losses that a defendant agrees to cover as part of a plea deal. Victims can be either people or companies.
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Nora was looking forward to the training programme which she had been hired to conduct at Syarikat Ceria Selalu. She was an experienced trainer and enjoyed meeting people from different organizations. However, when she arrived at Syarikat Ceria Selalu, a company for which she had never previously conducted training, she was shocked. Upon arriving at the main gate of the large factory compound, she found that the security staff had not been informed that a training programme was being organized that day. Further, as they didn’t seem to speak much Bahasa Malaysia or English, she could not explain to them that she needed to find the Training Department. They waved her in the general direction of the main office lobby where the HR Officer was contacted by the receptionist, who also did not know about the planned training. She had to wait nearly half an hour before the HR Officer arrived to take care of her to the meeting room which was being used for the training.
It was immediate
Answers
In the regression of y on x, the error term exhibits heteroskedasticity if _____. a. x is a function of y b. Var(y|x) is a function of x c. it has a constant variance d. y is a function of x
Answers
In the regression of y on x, the error term exhibits heteroskedasticity if Var(y|x) is a function of x. Option B is correct.
Heteroskedasticity refers to the condition where the variability of the error term is not constant across all values of the independent variable, x. This violates one of the assumptions of the classical linear regression model, which assumes homoskedasticity, or constant variance of the error term.
When heteroskedasticity is present, it can lead to inefficient parameter estimates and incorrect inferences about the relationship between the dependent variable, y, and the independent variable, x. To address this issue, robust standard errors can be used for inference in the presence of heteroskedasticity.
Therefore, option B is correct.
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Differences between Communism, capatilism, socialism essay
Answers
Capitalism and communism are different in their political and economic ideologies. Capitalism and Communism never go together. One of the major differences between capitalism and communism is with regard to the resources or the means of production.In Communism, the community or society solely owns the resources or the means of production. An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state is called capitalism. On the other hand, a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole is known as the socialism.In capitalism, the individual’s right is the basic principal, whereas, in socialism, the equality among people is the basic principal. In capitalism, the maximum profits and incomes are for the investors or the individuals, whereas in socialism, the equal distribution of wealth among the people of the country.
When the stock market as a whole is rising in value then it is referred to as a bear market. True or false?
Answers
Answer: False
Explanation: A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
Unloading the dishwasher is an example of a _____.
A. Two minute action task
B. Time sensitive task
C. Locationally sensitive task
D. Multi-task job
Answers
Answer:
C. Locationally sensitive task
Explanation:
Unloading a dishwasher is physical task that requires a high level of attention and care, e.g. if you do not pay attention you might end up breaking all the dishes. Even though it is not something difficult to do, if not done properly, there are several things that could go wrong so your focus must be solely placed on doing that specific task.
Kate likes to draw and is quite good at it. She's also enjoyed photography classes and has a good eye. While she loves her artwork, she is looking for a stable career option. Which career should she choose and why?
Answers
Answer:
food
Explanation:
because
Answer:
peeee
Explanation:
peeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee