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MatroZZZ [7]
2 years ago
10

Multiple Select Question Select all that apply Bad Debt Expense ______. (Check all that apply.) Multiple select question. should

exceed the revenue generated from incurring the cost is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate
Business
1 answer:
Olegator [25]2 years ago
4 0

Bad Debt Expense is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate.

  • When a receivable is no longer recoverable as a result of a customer's inability to pay an outstanding debt owing to bankruptcy or other financial issues, a bad debt expense is recorded.
  • Big Store stops paying its debts and fails to reimburse Company XYZ for goods valued at $100,000. Company labels the $100,000 as a bad debt because it has little faith that Big Store will ever make good on its obligations.
  • When a customer's repayment of previously granted credit is thought to be uncollectible and is therefore recorded as a charge off, a business incurs a bad debt expense.
  • Bad debt charges are categorized as operating costs and are typically listed under selling, general, and administrative costs on your company's income statement.

Thus this is the answer.

To learn more about Bad debt expense, refer:brainly.com/question/24871617

#SPJ4

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Consider the needs of the market. Often businesses and individuals decide to specialize in a product or service. Conduct brief r
s344n2d4d5 [400]

Answer: These address the needs of the market and creates a place for the service provider in same market

Explanation:

I'll explain this specialization aspect with a business model.

The business model I would use is a car wash business. The normal traditional car wash business has a people get their car washed along the road by anyone just to look clean, but the model I'll present is that which is different where cars are given detailed washing from customer service to quality services; the water used is treated, the finest of soap is applied all at an affordable price. If we examine this from the traditional car wash we'd realize it's different and this is far better.

These address the needs of the market and creates a place for the service provider in same market

7 0
3 years ago
Graham Petroleum produces oil. On May 1, it had no work-in-process inventory. It started production of 244 million barrels of oi
lisov135 [29]

Answer:

Explanation:

Number of completed barrels = 216 + (244-216)*60%

= 233 barrels

Cost per barrel = (3245+3230)/233 = 27.8

Cost of oil shipped in pipeline = 216 * 27.8= 6003 millions

Cost of work in process ending inventory = (244-216)*60% * 27.8

= 467.04 million

4 0
3 years ago
Jackie finds a pair of jeans that she likes but the price tag is missing. She is willing to buy it as long as it's not more than
kogti [31]

Answer:

It's a consumer surplus of $28.

Explanation:

Consumer surplus is the difference between the price costumers pay in the market and the price they place on the product.

In other words, the difference between a market price product and the price you think it is.

3 0
4 years ago
The additional benefit of producing one more roast beef sandwich at a local deli is $2. The additional cost of producing one mor
patriot [66]

Answer:

Not produce any additional roast beef sandwich

Explanation:

Allocative efficiency is reached when the marginal benefit or producing one more unit of output equals the marginal cost.

Allocative efficiency - Marginal Benefit (MB) = Marginal Cost (MC)

For this local deli, producing one more roast beef sandwich has a marginal benefit of $2, and a marginal cost of $3, we have:

MB = MC

$2 = $3

For the local deli, in this situation there is no allocative efficiency because the marginal cost is higher than the marginal benefit, therefore, the firm should not produce any additional roast beef sandwiches.

6 0
4 years ago
When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regio
Nookie1986 [14]

Global Corporate Citizenship is when a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally.

<h3>What is Global Corporate Citizenship?</h3>

Global Corporate Citizenship are the concerted efforts companies make to contribute to the improvement and sustainability of their immediate environment and other environment.

Here, a company would put its effort to providing social and environmental duties.

Learn more about Global Corporate Citizenship here: brainly.com/question/14695520

#SPJ1

6 0
2 years ago
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