The data below is for Music Corporation for 2016. Accounts receivable—January 1, 2016 $236,000 Credit sales during 2016 820,000 Collections from credit customers during 2016 590,000 Customer accounts written off as uncollectible during 2016 8,000 Allowance for doubtful accounts—January 1, 2016 8,700 Estimated uncollectible accounts based on an aging analysis 9,600 Refer to the data for Music
Corporation. If the aging approach is used to estimate bad debts, what is the balance in the Allowance for Doubtful Accounts after the bad debt expense adjustment?
a. $8,000
b. $8,100
c. $8,900
d. $9,600
d
You might also like to view...
Executives at Breakers Engineering want to let middle managers know that the company is going to be acquired by its largest competitor. Assuming the following paths of communication are possible, how should executives communicate this information?
A. Send a note to all managers. B. Post a notice on all bulletin boards. C. Hold a face-to-face meeting. D. Send an e-mail to all managers. E. Schedule a conference phone call.
Thomas Burke, an executive at Saatchi & Saatchi, is quoted as saying ________ are "the most powerful form of advertising ever created."
A) corporate advocacy ads B) infomercials C) banner ads on the Internet D) direct mail campaigns E) catalog sales
The production cost reports show the calculations for the physical flows and the ________ flows of the products.
A) cash B) price C) cost D) supply
____ is a typical activity included in service management and improvement.
A. Monitoring the network for sign of degradation and communicating status to customers B. Participating in the negotiation of SLAs and monitoring performance to ensure that the service desk is meeting its commitments C. Ensuring that analysts can quickly and easily retrieve information from the knowledge management system D. Evaluating and selecting new support technology to ensure it meets existing standards