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tia_tia [17]
2 years ago
5

What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.

Business
1 answer:
kherson [118]2 years ago
5 0

The journal entry when writing off an account as uncollectible under the allowance method is:

Allowance for Doubtful Debts     ( Dr.)              xxxxx

Accounts Receivable       ( Cr.)                                                 xxxxx

The allowance technique involves putting aside a reserve for terrible debts that are expected in the future. The reserve is based on a percent of the income generated in a reporting length, possibly adjusted for the danger associated with positive clients.

The allowance technique is used to determine how an awful lot of money a commercial enterprise needs to set apart for future awful or unrecoverable customer debt. It factors in the price of the losses an organization expects from extending patron credit.

The allowance approach requires a small commercial enterprise to estimate at the cease of the 12 months how an awful lot awful debt they have got, while the direct write-off method we could owners write off horrific debt whenever they determine a patron might not pay an invoice.

Learn more about the allowance method here brainly.com/question/4636062

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The time between the disabling event and the beginning of payments in your disability coverage is called:___________
jeka57 [31]

The time between the disabling event and therefore the beginning of payments in your disability coverage is called: Elimination period.

Option C is correct

<h2>What is the purpose of elimination period?</h2>

The purpose of an elimination period is to give you the opportunity to get treatment and see how your illness or injury responds. you'll be able to return to work using only paid leave or short-term disability.

<h3>Do you get paid during elimination period?</h3>

Elimination Period: The elimination period may be a period of time an employee must be disabled before benefits are paid. for brief term disability, there's an elimination period for disabilities due to sickness and one for those due to injury. The elimination periods could also be the same length, counting on the policy.

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brainly.com/question/13547683

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5 0
2 years ago
Suppose Cook Plus manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 22. Cook Plus projects sales
amid [387]

Answer:

Production budget = 835

Explanation:

<em>T</em><em>he production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.  </em>

Production = Sales budget + closing inventory - opening inventory

Inventory at the end of July = 40%×650= 260

Opening inventory = 75

Sales budget = 650

Production budget = 650+ 260  - 75= 835

Production budget = 835

3 0
3 years ago
A 15% increase in sales resulted in a 40% increase in net income for Company A and a 60% increase in net income for Company B. B
Ivahew [28]

company B has the greater operating leverage

What is operating leverage?

A cost-accounting method called operating leverage assesses how much a company or project can raise operating income by raising revenue. A company with significant operating leverage creates sales with a high gross margin and low variable costs.

The break-even point of a business is determined using operating leverage, which also aids in determining the right selling prices to cover all expenditures and make a profit.

Regardless of whether they sell any units of product, businesses with significant operational leverage must cover a bigger amount of fixed costs each month.

Low-operating-leverage businesses may have high variable costs that are directly related to sales, but they also have fewer monthly fixed expenses.

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brainly.com/question/6238482

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3 0
1 year ago
What decision rule should be followed when deciding if a business segment should be eliminated?
dusya [7]
Here is the answer of the given question above. The decision rule that should be followed when deciding if a business segment should be eliminated is this: Segments with revenues which are less than avoidable expenses should be considered for elimination. <span>Unavoidable expense are those expense which will continue to be incurred whether segment is continued or discontinued. Hope this helps.</span>
5 0
3 years ago
Read 2 more answers
If you are holding a premium bond, you must expect a _______ each year until maturity. If you are holding a discount bond, you m
prisoha [69]

Answer:

i dont know lol hahhahahhah

Explanation:

5 0
2 years ago
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