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2 years ago

When converting units, summarize the steps using the Direct Method

Business

1 answer:

omeli [17]2 years ago

3 0

Summary of the steps of converting units, using the Direct Method-

Unit conversion is a multi-step manner that includes multiplication or division by using a numerical component, selection of an appropriate wide variety of great digits, and rounding.
This multi-step process is provided in , which includes a rounding method for technical files, specs, and different applications such packaged items in the industrial market and temperature.

<u>Unit Conversion Process</u>

This method uses the reality that any variety or expression may be expanded with the aid of "one" with out changing its price. This allows the conversion of gadgets via multiplying the initial size with the aid of one (or extra) sorts of the #1. even as the multiplication via 1 does not exchange the fee of the dimension, it does change the size units.

It’s very easy to systematically apply unit conversion process to solve conversions within or between measurement systems.

Step 1. Identify the unit you have. These are the Starting Units.

Step 2. Identify the unit you want. These are the Desired Units.

Step 3. Identify appropriate unit conversion factor(s).

Step 4. Cancel units and perform the math calculations (e.g., multiply, divide). Repeat the calculation (double check).

Step 5. Evaluate the result.

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A method of accounting for uncollectible receivables in which the company estimates bad debts expense instead of waiting to see

bazaltina [42]

Answer:

The statement is True as well as correct

Explanation:

Allowance method is the financial term which is defined as the uncollectible accounts receivable procedure that reports the estimate of the bad debt expense in the same accounting or fiscal year as the sale.

Under this method, it is used to adjust the accounts receivable which appears on the balance sheet.

For example,

If the company has the credit sales of $800,000 in December and estimate that the 4% will be uncollectible. Then using this method, computing the uncollectible as:

Bad debt expense = Sales × Estimate uncollectible

= $800,000 × 4%

= $32,000

So, this estimate the bad debt expense rather than wait to see which customer will not able to collect.

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3 years ago

Of the four steps in the army pr system, which step encompasses the activities of developing guidance for, providing appropriate

dalvyx [7]

<span>This is the execution step. The five PR execution steps are Report, Locate, Support, Recover, and Reintegrate. The Report step involves reporting events. The Locate step involves locating efforts, beginning with the initial report and continuing until recovery is complete. The Support step is about giving support to IMDC personnel. The Recovery task ends after the IMDC personnel are handed over to the medical personnel for reintegration. Reintegration ends when a person is returned to duty with no further care needed.</span>

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3 years ago

Marginal utility is the ________ satisfaction gained by consuming ________ of a good.

Tamiku [17]

Marginal utility is the extra satisfaction gained from consuming one more unit of a good.

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3 years ago

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in?

Dafna1 [17]

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in cash.

<h3>What is cash in a bank in accounting?</h3>

Cash in Bank refers to the current balance in checking or savings accounts or other accounts of a similar nature held in the name of the company or business requesting the certificate. Do not include amounts from personal bank accounts or retirement accounts.
Every month, the bank will normally send the account holder an official bank statement that lists all of the transactions that occurred on the account that month. Account information can be found on bank statements, including account numbers and a thorough list of deposits and withdrawals.
There are three different forms of accounting transactions based on the exchange of money: cash transactions, non-cash transactions, and credit transactions.

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in cash.

To learn more about bank accounts, refer to:

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8 0

1 year ago

Green Garden Company purchased a tractor at a cost of $240,000. The tractor has an estimated residual value of $40,000 and an es

Nata [24]

Answer:

There is a loss on disposal of $10000 and option C is the correct answer.

Explanation:

The units of production method charges depreciation based on the activity level that the asset is used for during a period

The depreciation rate under this method is,

Depreciation per hour = (240000 - 40000) / 10000 = $20 per hour

The depreciation for the Year 2015 and 2016 under the units of production method is,

2015 = 20 * 2400 = $48000

2016 = 20 * 2100 = $42000

The accumulated depreciation at the end of 2016 is = 48000 + 42000 = $90000

The carrying value at the end of 2016 is = 240000 - 90000 = $150000

The gain/loss on disposal = 140000 - 150000 = - $10000 or a loss of $10000

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3 years ago