At what amount will accounts receivable for progress company be reported on the balance sheet if the gross receivable balance is $52,000 and the allowance for doubtful accounts is estimated at 4% of gross receivables?.
Answers
Progress Company will report $49,920 as its accounts receivable on the balance sheet. Accounts receivable refers to an amount that a business is entitled to receive in the future from its customers to whom it has sold products or services.
Progress Company has a gross receivable balance of $52,000 and the allowance for doubtful accounts is estimated at 4% of gross receivables. To arrive at the amount that accounts receivable will be reported on the balance sheet, we need to calculate the net accounts receivable. We can do this by subtracting the allowance for doubtful accounts from the gross receivables. Given, Gross receivable balance = $52,000,
Allowance for doubtful accounts = 4% of gross receivables
= 4/100 * $52,000 = $2,080
Net receivable balance = Gross receivable balance - Allowance for doubtful accounts
= $52,000 - $2,080
= $49,920
Therefore, Progress Company will report $49,920 as its accounts receivable on the balance sheet.
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Related Questions
Two factors that you should personally consider in the future consumption choices
Answers
Answer:
what is the question?
Put the options in the replies to this answers and I'll gladly answer
Explanation:
May I have brainliest please? :)
sara has $ in currency and $ in a bank account on which the bank pays no interest. the inflation rate is percent a year. calculate the amount of inflation tax that sara pays in a year.
Answers
Answer:
The amount of inflation tax that Sara pays in a year can be calculated by multiplying the amount of currency and the amount in the bank account by the inflation rate. In this case, the inflation tax would be calculated as ($500 + $3,000) x 0.08 = $240. Therefore, Sara pays $240 in inflation tax in a year.
Explanation:
Daniel is writing a letter to the editor of the local newspaper. He is encouraging citizens to join him in expressing his like of city funds supporting a local nonprofit organization. Daniel is ______. lobbying controlling advocating advertising
Answers
Daniel is B. advocating by writing a letter to the editor of the local newspaper, encouraging citizens to express their like of city funds for the support of a local nonprofit organization.
What is advocating?Advocating is a public recommendation. It is different from lobbying, controlling, or advertising.
Thus, since Daniel is using his letter to the editor of the local newspaper to encourage other citizens to support his views, he is engaged in advocacy.
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refer to scenario 29-2. suppose the bank of tazi purchased 50 million tazes of tazian treasury bonds from the banks. suppose also that both the reserve requirement and the percentage of deposits held as excess reserves stay the same. by how much does the money supply change?
Answers
The banks sold tazian treasury bonds worth 50 million tazes to tazi. Assume additionally that the reserve ratio and the proportion of deposits maintained as surplus reserves both remain at 1 billion tazes.
What two sorts of Treasury are there?Treasury notes are mid-term investments with maturities ranging from two to ten years. Every six months, interest is paid. Treasury bonds are long-term investments with a 30-year maturity and a six-month interest payment schedule.
What does "treasury" mean exactly?The word "treasury" was first utilized in Classical antiquity to refer to votive structures built to hold gifts for the gods, like the Siphnian Treasury throughout Delphi or the numerous structures very similar to it built in Olympia, Europe by trying to compete city-states to convince others during ancient Olympic Games.
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What percentage of the world's intake of
calories is derived from plants?
A. 88%
B. 74%
C. 62%
D. 48%
Answers
Answer:
A
Explanation:
Just 15 crop plants provide 90 percent of the world's food energy intake, with three rice, maize and wheat - making up two-thirds of this.
Source: https://www.fao.org/3/u8480e/u8480e07.htm
Scholarships are only awarded to students with limited financial resources.
A. True
B. False
Answers
the current price of parador industries stock is $57 per share. current sales per share are $22.20, the sales growth rate is 8 percent, and parador does not pay a dividend. the expected return on parador stock is 11 percent. a. calculate the sales per share one year ahead.
Answers
The sales per share one year ahead is:
1. Sales per share = Current sales per share (1 + Growth Rate)
Sales per share = $22.2(1 + 0.08)
Sales per share = $23.98
2. Stock price one year ahead = Current price (1 + Required rate)
Stock price one year ahead = $57(1 + 0.11)
Stock price one year ahead = $63.27
P/S Ratio = Stock price one year ahead / Sale per share one year ahead
P/S Ratio = $63.27 / $23.98
P/S Ratio = 2.64.
A sale is a transaction among or extra events wherein items or offerings are exchanged for cash or different assets. In the monetary markets, a sale is a settlement among a purchaser and supplier concerning the charge of a safety and its shipping for agreed-upon compensation.
In popular enterprise operations, income refer to any transactions in which cash or fee is exchanged for the possession of an amazing or entitlement to a service. In an accounting context, income refers to a company's sales earned from the income of merchandise or offerings (internet income).
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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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After restarting a customers complaint the employee should A. Investigate the problem B. Take actin C. Listen to the customer D. Thank the customer for the complaint
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show your work and explain in a full sentence how 4 2-6 is equivalent to 3 8-6.
Answers
Answer:
\(4\frac{2}{6} = 3\frac{8}{6} = \frac{26}{6}\)
Explanation:
Given
\(4\frac{2}{6}\) and \(3\frac{8}{6}\)
Required
Show that they are equivalent
To do this, we simply convert both fractions to either decimal or improper fraction
Using improper fraction
\(4\frac{2}{6} = \frac{6 * 4 + 2}{6}\)
\(4\frac{2}{6} = \frac{24 + 2}{6}\)
\(4\frac{2}{6} = \frac{26}{6}\)
\(3\frac{8}{6} = \frac{6 *3+8}{6}\)
\(3\frac{8}{6} = \frac{18+8}{6}\)
\(3\frac{8}{6} = \frac{26}{6}\)
After converting both to improper fraction, we have:
\(4\frac{2}{6} = 3\frac{8}{6} = \frac{26}{6}\)
Hence, both are equivalent
please help me!!! I literally have no clue what it is
Answers
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
A loan of $990 was repaid at the end of 6 months with a check for $1,010. What annual rate of interest was charged? The annual rate of interest was charged at %. (Round to two decimal places as needed
Answers
The annual rate of interest charged is approximately 4.04%.
To calculate the annual rate of interest charged, we can use the simple interest formula:
Interest = Principal x Rate x Time
Given that the loan amount (Principal) is $990, the repayment amount is $1,010, and the time is 6 months, we can calculate the interest as follows:
Interest = $1,010 - $990 = $20
Now, let's calculate the annual rate of interest using the formula:
Rate = (Interest / Principal) x (1 / Time) x 100
Rate = ($20 / $990) x (1 / (6/12)) x 100
Rate ≈ 4.04%
Therefore, the annual rate of interest charged is approximately 4.04%.
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Which of the following combinations can result in a best-case scenario?
A. Many competitors, high threat with few entry barriers, and few customers
B. Many competitors, high threat with few entry barriers, and many customers
C. Few entry barriers, many substitutes, many customers
D. High industry growth, low threat with many entry barriers, and customers with low bargaining power
E. Low industry growth, high threat with few entry barriers, and suppliers with low bargaining power
Answers
When it comes to determining a best-case scenario in business, there are a variety of factors that must be considered. These include the competitive landscape, the level of threat posed by new entrants, the bargaining power of customers and suppliers, and the availability of substitutes, among other things.
Based on the given combinations, the option that presents the best-case scenario is B. Many competitors, high threat with few entry barriers, and many customers.The reason why this combination is considered the best-case scenario is that it provides businesses with a number of advantages. For one, having many competitors can help drive innovation and foster a culture of continuous improvement. This can be especially beneficial in industries where product differentiation is key, such as technology or consumer goods. By constantly striving to outdo one another, companies are forced to stay on the cutting edge of their industry, which can lead to better products and increased consumer demand.Another advantage of having many competitors is that it can help prevent any one company from gaining too much market power. When there are only a few players in a given industry, those companies can collude to raise prices or limit output, which can be harmful to consumers. By contrast, when there are many competitors, the threat of losing market share to a rival can help keep prices in check and ensure that consumers have access to a wide range of products.
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Given the following tax structure, Taxpayer Salary Total Tax Mae Pedro $53,500 $30,500 2,806 What is the minimum tax that Pedro should pay to make the tax structure vertically equitable with respect to the amount of tax paid?
Answers
To make the tax structure vertically equitable with respect to the amount of tax paid, Pedro's minimum tax should be equal to the average tax rate applied to all taxpayers in his income bracket. This means that Pedro's tax should be based on a fair and equal tax rate that is applied to all taxpayers in his income group.
In this case, Pedro's total tax is $30,500, and his salary is $53,500. To find out the average tax rate for his income bracket, we need to divide his total tax by his salary, which gives us 0.57. Therefore, Pedro's minimum tax should be $30,500 x 0.57 = $17,385.
By applying this minimum tax to all taxpayers in Pedro's income bracket, the tax structure will be vertically equitable. This means that all taxpayers who earn the same amount of money as Pedro will be subject to the same tax rate, and no one will be unfairly burdened with higher taxes than others.
Overall, it is important to maintain a fair and equitable tax system that applies to all taxpayers equally, regardless of their income level or other factors. By ensuring that everyone pays their fair share of taxes, we can help to build a more just and equitable society for all.
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Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Answers
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
what are microeconomic and macroeconomic influrnves on the global automobile industry
Answers
Microeconomic factors include consumer demand, production costs, and competition. Macroeconomic factors include exchange rates, interest rates, and overall economic growth.
The global automobile industry is influenced by both microeconomic and macroeconomic factors. Microeconomic factors, such as consumer demand for specific types of vehicles, production costs, and competition among companies, directly impact the operations and performance of individual automobile companies.
On the other hand, macroeconomic factors, such as exchange rates, interest rates, and overall economic growth, have a broader impact on the entire economy and, in turn, the automobile industry.
For example, a strong economy may lead to an increase in consumer spending and demand for automobiles, while a weak economy may result in a decrease in demand.
Similarly, fluctuations in exchange rates can impact the cost of imports and exports, affecting the competitiveness of automobile companies in the global market.
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______ systems report on various segments or business units of the company.
Answers
Managerial Accounting systems report on various segments or business units of the company.
Why is managerial accounting important?A type of accounting known as managerial accounting, also referred to as management accounting, creates statements, reports, and other paperwork to assist management in making decisions about the performance of their business. The most common use of managerial accounting is for internal purposes. Businesses need management accounting because it enables them to convert raw financial data into reports that can be examined and used for strategic business decisions.
To estimate the probable financial inflows and outflows associated with certain business choices, managerial accountants utilize capital budgeting. Internal accounting information users are the main focus of managerial accounting. Executives, product managers, sales managers, and any other members of the business staff who use accounting data to guide decisions are examples of these internal users.
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Managers of a manufacturing enterprise need to learn the Six Sigma method to improve quality so they can lead quality improvement projects. a. training b. organizational development
Answers
Managers of a manufacturing enterprise need to undergo a) training in the Six Sigma method to enhance quality and lead improvement projects.
To improve quality and lead quality improvement projects, managers of a manufacturing enterprise should receive training in the Six Sigma method. Six Sigma is a data-driven approach that focuses on reducing defects and variability in processes, ultimately leading to improved quality and efficiency.
Through training, managers learn various tools and techniques of Six Sigma, such as DMAIC (Define, Measure, Analyze, Improve, Control), statistical analysis, and process mapping, enabling them to effectively identify and address quality issues.
This training equips managers with the necessary skills and knowledge to lead quality improvement initiatives within the organization. Option A, training, is the correct choice as it emphasizes the need for managers to undergo specific training in the Six Sigma method.
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Terrance lives in an area that is expensive, but he does not want to move. When looking at a career, what should Terrance consider? He should choose a career cluster that will allow him to support himself. He should pick a career that speaks to his heart and worry about the finances later. He should ask his family to help support him. He should not worry because he can dictate how much money he will earn.
Answers
Answer:
He should choose a career cluster that will allow him to support himself.
Explanation:
The government passes a law that allows a substantial subsidy for every acre of land used to grow tobacco. How does this program affect the long-run supply curve for tobacco? The long-run supply curve for tobacco will A. shift to the right because the price of tobacco will increase. B. shift down because . C. shift because tobacco production will become profitable. D. not change because the minimum long-run average cost of production will not change. E. become instead of horizontal because the costs of inputs will change.
Answers
Answer: C. shift right/ out because tobacco production will become profitable.
Explanation:
Subsidies reduce the cost of using something because the government would sponsor it. The cost of farming tobacco will therefore reduce in this instance. Tobacco companies will therefore incur less cost to acquire tobacco and so will start making more profit.
This will encourage other firms to come into the tobacco market as time goes on. As more firms enter, there will be a larger supply of tobacco. The supply curve will then shift right to depict this.
It is now the beginning of the year (year 0). Assume that, starting at the end of the year 2 (NOT next year), you will make deposits of $494 each year into a savings account. You will make a total of 7 annual deposits. If the savings account interest rate is 8%, what is the present value of this savings plan? Enter your answer in dollars, rounded to the nearest cent.
Answers
The present value of this savings plan is $3,172.33 (rounded to the nearest cent).
Principal amount = $494
Number of years = 7
Interest rate = 8%
The amount of money invested in a savings account is called the principal amount and the interest earned on the principal amount is called the interest.
The present value formula is given by:
PV = PMT [(1 - (1 + r)-n) / r]
PV = present valuePMT = payment
r = rate of interest
n = number of years
Substitute the given values in the above formula.
PV = $494 [(1 - (1 + 0.08)-7) / 0.08]
PV = $494 [(1 - 0.5136) / 0.08]
PV = $3,172.33
Therefore, the present value of this savings plan is $3,172.33 (rounded to the nearest cent).
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Consider a competitive market for which the quantities demanded and supplied (per year) at various prices are given as follows: Price (Dollars) Demand (Millions) Supply (Millions) 60 22 14 80 20 16 100 18 18 120 16 20 Calculate the price elasticity of demand when the price is $100. The price elasticity of demand is 0. (Enter your response rounded to two decimal places.)
Answers
Answer:
Price elasticity of demand is 0.47
Explanation:
Price elasticity of demand = % change in quantity demanded / %change in price
Price elasticity of demand = Q2-Q1/(Q2+Q1/2) / P2-P1/(P2+P1/2)
P1= $80, Q1 = 20, P2 = $100, Q2 = 18
Price elasticity of demand = (18 - 20) / (18+20/2) / (100-80)/(100+80/2)
Price elasticity of demand = (-2/19) / (20/90)
Price elasticity of demand = -2/19 * 9/2
Price elasticity of demand = -18/38
Price elasticity of demand = -0.47
Thus, Price elasticity of demand is 0.47
Firm entry rates tend to be highest during the growth stage of an industry life cycle because:
[See pp.212-214]
A. Shortage of production capacity keeps margins attractive.
B. The propensity for entrepreneurs and venture capitalists to imitate one another.
C.Growing legitimacy of the industry attracts resources to the industry.
D. Both (a) and (c).
Answers
The Firm "entry-rates" tend to highest during "growth-stage" because: (a) Shortage of production capacity keeps margins attractive, and (c) Growing legitimacy of industry attracts resources to industry, the correct option is (d) Both (a) and (c).
During the "Growth-Stage" of an industry life cycle, there is a high demand for the products or services offered, which creates a shortage of production capacity.
This shortage results in high profit margins, which are attractive to entrepreneurs seeking to enter the market. The growing legitimacy of the industry during growth stage attracts more resources to the industry, such as funding and talent.
This creates a positive feedback loop, as increased resources lead to further growth and legitimacy, which attracts even more resources, it leads to higher entry-rate during this stage.
Therefore, the correct option is (d).
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Why is it important to maintain network relationships, even after you have found a job?
a. You never know when you are going to have to find a new job.
b. You can return the favor by helping network members with career advice and job leads.
You will remain informed and connected to people in your field.
d. All of the above
C.
Please select the best answer from the choices provided
ΟΑ
B
С
OD
Answers
Answer:
D (all of the above)
Explanation:
When a person has gotten a job, it is critical to keep network contacts since a person never know when he will need to locate a new career, and he will stay informed and connected to bin his sector.
What is network relationships?Relationship networking is another name for network relationships. It's all about making connections and finding ways for both sides to gain. Like the relationship, networking and partnerships intersect in numerous ways, resulting in economic potential.
Even when a person has gotten a job, it is critical to keep network contacts since you never know when you will need to locate a new career, and he will stay informed and connected to people in the sector.
With the utilization of network ties, an individual might refund the kindness by supplying career counseling and job metals to network members.
Therefore, option D is correct.
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Please read instructions all the way through, brainiest will be given and 50 pts. Explain the logistics of product delivery. Describe the ins-and-outs of importing and exporting your products. What are the most critical components of delivery and importing/exporting? (i know for a fact that you have to do research on latest distribution trends and i can give you a link to a possibly helpful website if you need, i mainly need pointers for starting off and maybe a little bit of guidance in creating a 2 page response)
Answers
Answer:
The logistics of product delivery could be described as all that's entailed in ensuring a goods or product gets to a customer's destination after it has been purchased from a particular destination.
Explanation:
The logistics of product delivery could be described as all that's entailed in ensuring a goods or product gets to a customer's destination after it has been purchased from a particular destination. It might include shipment or freight if the goods is coming from outside the desired clients location.
Ins-and-outs of importation;
- You'd have to decide the country you're buying from
- The next is to search for suppliers, those who sell the item in that particular country you've searched.
- You'll then need to search what their duty and taxes are, which you'd have to consider in the cost
- Finally, you'll need to find a reliable freight forwarder and customs broker who would handle the clearing of the goods when they get to your country.
Export has the same but there some changes as this time you'd have searched those who need your product and considered all that's needed to ship in your country and how it'll be cleared over your customers destination
am kandy but pls don't friends me...thank me or comment on this q anymore cz this is my school acc.
Does it make sense to buy software to measure carriers' performance? A. Yes. Doing so allows you to make side-by-side comparisons of carriers' on-time rates, damages, and many other important measurements. B. No. There's no substitute for calling carriers and finding out their information through a series of one-on-one conversations. C. Maybe, if you're just starting out in the business. D. Maybe, if you've been a broker or agent for many years and need to fine-tune your carrier selections.
Answers
Yes. Doing so allows you to make side-by-side comparisons of carriers' on-time rates, damages, and many other important measurements. Option A is the correct answer.
By purchasing software to measure carriers' performance, you gain access to data-driven insights and metrics that can help you evaluate carriers more effectively. This software provides objective measurements of carriers' performance, such as on-time delivery rates and damages, allowing you to compare different carriers' performance side by side.
This data-driven approach provides valuable information for making informed decisions and selecting carriers that best meet your specific requirements. It saves time and effort compared to relying solely on one-on-one conversations with carriers, making it a sensible choice for improving carrier selection and performance evaluation.
Option A is the correct answer.
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Suppose that the weekly profit, in dollars, of producing and selling x cars is P (x) = negative 0.007 x cubed - 0.2 x ^2 + 1000 x - 1100,and currently 60 cars are produced and sold weekly. Use P (60) and the marginal profit to estimate the weekly profit of producing and selling 62 cars. Round to the nearest dollar.
Answers
Answer:
The weekly profit "P" of producing and selling "x" cars, is given by the expression \(P(x)= -0.007x^3-0.2x^2+1000x-1100\).If the amount of cars produced and sold are x=60, then the profit linked to those 60 cars will be given by \(P(60)= -0.007(60)^3-0.2(60)^2+1,000(60)-1,100\), where the amount of cars "x" has been replaced by 60. This equals \(P(60)=56,668\). Marginal profit is defined as the change in profits when the amount of cars produced and sold change in a unit. Matematically, it equals the derivative of P(x) in terms of x: \(\frac{\partial P(x)}{\partial x}= -0.021x^2-0.4x+1,000\) . If the amount of cars produced and sold change in two units, then the marginal profit (or additional profit) obtained by producing and selling these two additional cars is \(-0.021(2)^2-0.4(2)+1,000\) ≈ \(1,000\).Then, producing and selling 62 cars would produce a benefit of \(\$56,668+\$1,000= \$57,668\).What part of $14 is greater than $12
Answers
Answer:
$2
Explanation:
so this question is easy and not need to be explained much but if u don't know then there r many ways to find the answer one of it is to
$14 - $12 = $2
Done!!!!!
The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answers
Answer:
B. Customer needs, company goals, profits
Explanation:
WILL GIVE BRAINLIEST
1. If the iPhone increases from $800 to $900, what does this do to demand?
A. Decreases Demand.
B. Decreases the Quantity Demand
C. Increases Demand
D. Increases the Quantity Demand
2. The price of gas is expected to increase later in the year. What will happen to the demand for SUVs later in the year?
A. Demand Increases
B. No change in demand
C. Demand Decreases
D. Quantity of Demand Decreases
3. The government has imposed a new regulation for car companies to install baby seat anchors to support baby seats in all new cars produced. How does this change supply for cars?
A. Does not impact supply
B. Decrease Supply
C. Decreases Quantity Supply
4. Papa Johns has a sale on pizzas, how does that impact demand?
A. Increases the Quantity Demand
B. Decreases the Quantity Supplied
C. Decreases Demand
Answers
Answer:
1)B
2)C
Explanation: