Reference no: EM1357853
Question: Oddessy consulting has the following for year ended 12-31-09 before adjustments.
Accounts receivable
$330,000
Net Credit Sales
$1,200,000
Allowance for doubtful accounts
$4,700 credit balance
Estimated percentage of Bad debts on credit sales
2%
Oddessy uses the net credit sales method of estimating bad debt expense. The journal entry for estimating bad debt expense at year end is:
A) Allowance for doubtful accounts 24,000
Accounts Receivable 24,000
B) Allowance for doubtful accounts 28,700
Bad Debts Expense 28,700
C) Bad Debts Expense 28,700
Allowance for doubtful accounts 28,700
D) Bad Debts Expense 24,000
Allowance for doubtful accounts 24,000
|
Potential suicide risk groups
: Select a group that could be considered a minority (e.g., Hispanics, homosexuals, or students with learning disabilities) and discuss the potential suicide risk for this group.
|
|
Elucidate number of units that has to be produced
: Assume a fixed cost for a process of $15k. The variable cost to produce each unit of product is $10 and the selling price for the finished product is $25. which of the following is the number of units that has to be produced and sold to break-even..
|
|
Hrd evaluation-reluctance
: Even though most HRD professionals agree that HRD evaluation is valuable, why isn't it practiced more frequently by organizations?
|
|
Address type certification certification issue with company
: Type-1 certification (TOP SECRET) focuses on Development Methodology. How would you address this certification issue with your hypothetical company (make up one for this problem) for your system
|
|
Determining bad debt expense
: Oddessy consulting has the following for year ended 12-31-09 before adjustments. Oddessy uses the net credit sales method of estimating bad debt expense. The journal entry for estimating bad debt expense at year end is:
|
|
What was the initial speed of the bullet
: what was the initial speed of the bullet. find the heat that flows in 1.0 s through a lead brick 15 cm long if the temperature difference between the ends of the brick is 8.5 degrees celsius. the cross sectional are of the brick is 12 cm squared.
|
|
Create a matrix that lists each business
: The businesses are being sued for breach of contract. Create a matrix that lists each business, and compare and contrast your personal liability exposure as an owner as a result of the lawsuit.
|
|
Value of training
: would find convincing that training was having a positive impact on the organization and why did you pick the measures that you did? How would you go about collecting the data for the measures you have selected?
|
|
Elucidate causes for shifts in supply and demand
: Elucidate causes for shifts in supply and demand for the chosen product. Explain how these shifts in supply and demand influence price, quantity and market equilibrium.
|