![toricarter00](/avatars/9143.jpg)
toricarter00
26.03.2020 •
Business
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,000 and $1,950, respectively. During 2022, Coolwear wrote off $675 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5,500 at December 31, 2022. Bad debt expense for 2022 would be:
Solved
Show answers
More tips
- S Style and Beauty 5 Tips for Choosing the Best Ugg Boots...
- H Health and Medicine Boosting Immunity: A Complete Guide on How to Improve Your Body’s Natural Defenses...
- C Computers and Internet The Best Antivirus Programs for your PC...
- S Style and Beauty How to Get Rid of Acne: Scientifically Proven Methods...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
Answers on questions: Business
- S Social Studies Historically, women have paid more for dry cleaning than men. Signature Cleaners advertises equal price for all customers. Signature Cleaners appeals to women, which...
- M Mathematics 3. [-/2 Points] DETAILS CURRENMEDMATH11 3.5.004. Solve the equation. A calculator may be used. Express your answer to the nearest tenth. 0.2 2.9 х 1.5 1 Express your...
- M Mathematics Are you okay? This is a safe place to talk :) Tell me about your day of mental health :)...
- E English Choose two of the “other worlds” described in the unit. compare and contrast the way these other worlds impacted the real life world for characters. the “other worlds”...
Ответ:
Bad debt expense for 2022 would be $4,225
Explanation:
Bad debt expense is the expense incurred by a company when a debtor of the company is unable to fulfuill their obligation to the company.
Bad debt expense for Coolwear Inc. would be calculated by
=Allowance for Uncollectible Accounts - (Uncollectible Accounts Balance - Accounts Receivable Writeoff)
Bad debt expense = $5,500 - ($1,950 - $675) = $4,225
Ответ:
A) True
Explanation:
Not all information gathered is useful.
Big data analyzes huge amounts of information, more than any person could possibly handle by themselves, but that doesn't mean that all the processed information is useful. On the other hand, information that can be useful for one company may not be useful to another company.
The amount of processed information is not important, what is important are the insights that a company can obtain that will help them make better strategic decisions.