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1 year ago

Differentiate between bad debt and doubtful debt

Business

1 answer:

umka2103 [35]1 year ago

3 0

answer and explanation :

A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.

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EmployIT is a newly established recruitment company. It does not have adequate funds to rent out an office space for its employe

kati45 [8]

Answer:

Virtual Team

Explanation:

EmployIT is a newly established recruitment company. It does not have adequate funds to rent out an office space for its employees so all the employees work from home. The employees communicate through email and a third party video call application . This scenario illustrates that the employees are part of a virtual team .

Virtual team is that which are geographically separated but work together for a company , they communicate by using technology or we can say through e-mails or video call.

The major advantage of Virtual team is cost saving . It also improve the productivity of the employees . It helps in getting social isolation. The employees share a feeling of trust between them . The good thing is that the employees have higher focusing one.

8 0

3 years ago

Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. Hart ha

katen-ka-za [31]

Answer and Explanation:

The computation is shown below:

a. The amount and the character of the gain or loss is

Sale value of the property $550,000

Less: (Purchase value - depreciation) $400,000

Total gain recognized $150,000

Ordinary income recapture is $100,000

remaining 1231 gain or loss $50,000

Section 1231 Gain = $50,000

, Rate of tax on $100,000 i.e. 32% = $32000

Rate of tax on $50000 i.e. 15% = $7500

So,

The Total tax liability is

= $32,000 + $7,500

= $39,500

5 0

2 years ago

NYC Marketing gave celebrities new, frayed caps with the logo for its sanitation department, which are available for sale online

dmitriy555 [2]

Answer: Buzz

Explanation:

Based on the information given in the question, the above marketing is an example of buzz marketing. Buzz marketing is using wore of mouth in such a way that it'll work in ones favour whereby people will eventually start sharing it on their own or start talking about that product.

Since NYC Marketing gave celebrities new, frayed caps with the logo for its sanitation department, this can motivate people to start buying the goods sold by the company.

6 0

2 years ago

If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then

Tanya [424]

Answer:

C. not change, and the price received by sellers will not change.

Explanation:

Because previously there was a tax of the same ammoutn nothing will change. The sellers will will transfer the tax into the price therefore, the after-tax proceeds will not change netiher the selling price. The same effect of the consumer tax will occur again, some or the entire tax will be pay for the seller or the consumer based on the elasticity of the supply and demand curve.

The effect of chaging the law will not alter the economic reality of translate taxes into consumers

4 0

3 years ago

Holding all other things constant, if ramen noodles are an inferior good to Vanessa, then as her income increases, her demand cu

marishachu [46]

Answer:

:A) will shift left.

Explanation:

An inferior good is a good whose demand falls when income increases and demand increases when income decreases.

As Vanessas income increases, her demand for ramen noodles would fall. This would lead to a decrease in demand for ramen noodles and her demand curve would shift to the left.

I hope my answer helps you

6 0

3 years ago

Differentiate between bad debt and doubtful debt​

Differentiate between bad debt and doubtful debt