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Kisachek [45]
2 years ago
7

Conroy Company uses the allowance method to account for bad debts. During the year, Conroy determined that a balance of $200 fro

m Alegia Co. was uncollectible and wrote the balance off. What is the total decrease to net income related to this entry
Business
1 answer:
navik [9.2K]2 years ago
5 0

Because the balance of $200 from Alegia Co. was uncollectible and wrote off, then, the total decrease to net income related to this entry will be $0

<h3>What are Uncollectible debt?</h3>

An uncollectible debt also called an accounts uncollectible refers tp receivables, loans or debts that have no chance of being paid.

In conclusion, the total decrease to net income related to this entry will be $0 as the balance of $200 from Alegia Co. was uncollectible and wrote off.

Read more about uncollectible debt

<em>brainly.com/question/24871617</em>

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explain the role of beliefs, customs and attitudes in communication and how it acts as an input communication​
lidiya [134]

Answer and Explanation:

An individual's customs beliefs and attitudes are directly related to the culture to which they belong and that culture is able to determine the forms of communication that an individual can present, showing how to behave and how to start a communication. Thus, these factors determine the beginning and the entire development of input comunication, as well as the elements that compose it.

3 0
3 years ago
The self-supporting spouse of a registered representative has an account with your firm. Your firm is underwriting the initial p
schepotkina [342]

Answer:

A. cannot be purchased through the IPO

Explanation:

Financial Industry Regulatory Authority (FINRA) prohibits the purchase of equity IPOs (Initial Public Offerings) by industry "insiders." The list of prohibited purchasers includes FINRA member firms for their own accounts, officers and employees of member firms (and their immediate family members), fiduciaries to member firms (such as accountants and lawyers that are retained by FINRA member firms); and investment managers for investment companies, insurance companies, pension plans, who want to buy personally, etc.

The self-supporting spouse has an account with the firm and therefore cannot purchased through IPO.

5130. Restrictions on the Purchase and Sale of Initial Equity Public Offerings

(a) General Prohibitions

(1) A member or a person associated with a member may not sell, or cause to be sold, a new issue to any account in which a restricted person has a beneficial interest, except as otherwise permitted herein.

(2) A member or a person associated with a member may not purchase a new issue in any account in which such member or person associated with a member has a beneficial interest, except as otherwise permitted herein.

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5 0
3 years ago
The first step in marginal analysis is to determine
salantis [7]
 <span>Marginal analysis is the process of identifying the benefits and costs of different alternatives by examining the incremental effect on total revenue and total cost caused by a very small (just one unit) change in the output or input of each alternative.</span>
5 0
3 years ago
Read 2 more answers
Beech Company produces a single product. The company has 50,000 units in its beginning inventory. Beech's variable production co
sdas [7]

Answer:

Closing inventory = 54,000 units

Explanation:

<em>The difference between profit under variable costing and under absorption costing is simply the value of the change in inventory.</em>

<em>Usually, a decrease in inventory would cause profit under absorption costing to be lower . This is so because cost of goods sold would become higher leading to a lower profit</em>

Difference in profit = POAR × change inventory

POAR- fixed overhead cost per unit- $10,

Difference in profit - $120,000

let the change inventory be y

120,000 = 30 ×   y

y= 120,000/30

y = 4000 units

Inventory at the end = opening inventory  + change inventory

                               = 50,000 + 4000  

                               = 54,000 units

<em>Note; An increase in inventory will produce a higher profit using absorption costing. Hence, we added the change inventory to the opening inventory, to reflect an increase in inventory</em>

7 0
4 years ago
The difference between the price at which a dealer will sell a certain security and the price at which a dealer will buy a secur
Sergeeva-Olga [200]

Answer:

Spread

Explanation:

Spread is the difference between bid and ask price quoted by dealer to purchase and sell a security.

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3 0
3 years ago
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