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Homework answers / question archive / The entry to record the amount of estimated uncollectible accounts includes a debit to Uncollectible Accounts Expense and a credit to: A Sales B

The entry to record the amount of estimated uncollectible accounts includes a debit to Uncollectible Accounts Expense and a credit to: A Sales B

Accounting

  1. The entry to record the amount of estimated uncollectible accounts includes a debit to Uncollectible Accounts Expense and a credit to: A Sales B. Interest Expense C. Accounts Receivable D. Allowance for Uncollectible Accounts Resel Selection
  2. The Wildhorse Acres Inn is trying to determine its break-even point during its off-peak season. The Inn hos 50 rooms that it rents at $90 a night. Operating costs are as follows: Salaries $5,000 per month Utilities $1,000 per month Depreciation $1,200 per month Maintenance $360 per month Mald service $24 per room Other costs $48 per room Determine the Inn's break-even point in number of rented rooma per month. Break-even point rooms Determine the Inn's break-even point in dollars. 

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1. the entry to record the amount of estimated uncollectible accounts include a debit to uncollectible accounts expense and a credit to:-

d. allowance for unclollectible accounts

2. 

Contribution margin:

= $90 - $24 - $48

= $18

Contribution margin ratio:

= $18 / $90

= 20%

1.

Breakeven point in rooms:

= ($5,000 + $1,000 + $1,200 + $360) / $18

= 420 rooms

2.

Breakeven point in dollars

= ($5,000 + $1,000 + $1,200 + $360) / 20%

= $37,800

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