Brandon company completed an aging of its accounts

Assignment Help Accounting Basics
Reference no: EM13391914

Brandon Company completed an aging of its accounts receivable and came up with an estimated amount of $6,342. The credit sales for the period are $85,000. The balance in the allowance for doubtful accounts is a debit of $817. If Brandon uses 5% of credit sales as its estimating uncollectible accounts, how much will the credit be to the allowance for doubtful accounts if Brandon uses the percent of credit sales as its method of estimating uncollectible accounts?

A. $5,067

B. $4,250

C. $7,159

D. $5,525

Reference no: EM13391914

Questions Cloud

Determine the dl and dm variances and provide explanations : ryt aka rotyourteeth candy company sells lollipops. last year the company sold 10000000 lollipops for 1000000. the
Explain the real-life situation to which normal : explain the real-life situation to which normal distribution could be applied. describe why. how does the normal
Make the long-term liabilities section of balance sheet : the adjusted trial balance for holly corporation at the end of 2014 contained the following accountsbonds payable
Make the stockholders equity section of the balance sheet : the following stockholders equity accounts arranged alphabetically are in the ledger of southern corporation at
Brandon company completed an aging of its accounts : brandon company completed an aging of its accounts receivable and came up with an estimated amount of 6342. the credit
After brainstorming on your companyrsquos industry and : begin conducting research now on your companyclient. after brainstorming on your companyrsquos industry and after your
Discuss the high-level domestic and global environmental : prepare a 700-1050-word paper in which you identify the environmental factors that affect global and domestic marketing
Describe which of the five tools of organizational design : many companies find they are forced to remodel their traditional hierarchical structures which were originally built
Determine the annual break-even point in number of haircuts : andre has asked you to evaluate his business andrersquos hair styling. andre has five barbers working for him. andre is

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd