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sineoko [7]
2 years ago
8

Using the allowance method, Bad Debt Expense is recorded _____.

Business
1 answer:
timurjin [86]2 years ago
5 0

Using the allowance method, Bad Debt Expense is recorded when a company writes off its uncollectible receivables.

<h3>When do one use the allowance method as bad debt expense?</h3>

For a person to use the allowance method, one have to record bad debts as a kind of contra asset account.

That is, a type of an account that is said to have a zero or negative balance that is seen on your balance sheet. In this scenario, one would debit the bad debt expense and credit your allowance for bad debts.

Learn more about allowance method from

brainly.com/question/6993526

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A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350
nydimaria [60]

Answer:

The costs assigned to ending inventory based on the LIFO method under periodic inventory system are:

= $450.

Explanation:

a) Data and Calculations:

On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31.

                                                           Units           Unit Cost    Total Cost

Beginning inventory on January 1      320              $ 3.00          $960

Purchase on January 9                         80                 3.20             256

Purchase on January 25                     100                 3.34              334

Tota units available for sale               500                                 $1,550

Sales on January 26                          350                                  $1,100

Ending inventory at January 31          150               $3.00          $450

8 0
3 years ago
Whose responsibility is it to identify credit report errors?
lesya692 [45]
The credit bureaus<span> and the company reporting your pay history, </span>the information furnisher are two bodies responsible for the information in your credit report. The account information from the credit bureau can only be as accurate as the information it is provided by the information furnisher.
6 0
4 years ago
If a more efficient technology was discovered by a firm, there would be 9) A) a downward shift in the AFC curve curve C) a downw
Pepsi [2]

Answer:

The correct answer is C

Explanation:

MC curve stands for Marginal Cost Curve which states the relationship among the marginal or additional cost incurred by the company or firm in the short run product of service or good and the quantity of the product is produced.

And when the curve is downward shift, it means that there is technological change which lead to increase in the productivity and the cost curve downward.

7 0
3 years ago
Four candidates with the same qualification are interviewed for the position of sales representative. looking at the given chara
Tamiku [17]

A sales representative is a person who works for a particular brand or company and helps in selling the products or services of a company while at the same time representing the brand. The sales representative basically works by contacting the customer until the time the product is sold or the customer had made use of the service.

There are certain skills required by the sales representative like-

  • Communication skills- good communication skills are required by every sales representative, as it enable a person to represent his and his company’s views more efficiently.
  • Negotiation skills – these skills also ensure that you can make good relations with other big companies that widen your brand network.
  • Public skills – these will help you in better public speaking whenever you have to give presentations on a brand’s goals or views.
  • Organizational skills- as the workload is more you will need to organize yourself so you can complete your tasks on time.
  • Therefore, out of the four candidates, the person who has all these important skills will get selected in the interview for sure and moreover, and will surely impress his employer with these certain skills.

Learn more about Pre-approach selling process here-

brainly.com/question/25586322

#SPJ4

3 0
2 years ago
Using Excel, 40 applicants apply for 5 similar positions in a company. How many different ways can the candidates be hired?
Savatey [412]

40 choose 5 = 658,008

3 0
3 years ago
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