1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Solnce55 [7]
2 years ago
5

Allowance for doubtful accounts is classified as a(n) ______ account and has a normal ______ balance.

Business
1 answer:
tensa zangetsu [6.8K]2 years ago
3 0

Allowance for doubtful accounts is classified as a(n)  contra asset  account and has a normal  <u>credit </u>balance.

<h3>What is contra asset?</h3>

In a general ledger, a contra account is used to lower the value of a linked account when the two are netted together. The natural balance of a contra account is the inverse of the related account. The contra account records a credit if the connected account's natural balance is a debit. As an illustration, accumulated depreciation serves as the contra account for a fixed asset.

An account used in a general ledger to lower the value of a connected account is called a contra account.

They can be used to report a decrease or write-down in a different contra account that nets to the current book value while maintaining the historical value in the main account.

To learn more about contra asset from the given link:

brainly.com/question/15610334

#SPJ4

You might be interested in
Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a month and pay
Semmy [17]

Answer:

the mortgage.

Explanation:

5 0
3 years ago
Read 2 more answers
Seema, a creative director at a marketing agency, notices that her team members often perform better while working as a team tha
Irina18 [472]

Answer:

Social Facilitation.

Explanation:

Social facilitation is defined as the improvement in your performance when working with other people than alone.

So How does it Happen?

The theory is that when other's are around, the "Arousal" (or the increase in motivation) is increased and this creates stronger and improved responses from us towards work. (responses with the greatest habit strength)

7 0
3 years ago
As liv golf expands to 14 events in 2023, how much money will be available to competitors in the upcoming season?.
seraphim [82]

There will be $405 million available to contestants in the following season as LIV golf grows to 14 events in 2023.

<h3><u>LIV golf - what is it?</u></h3>

The LIV Golf League, created as an alternative to the current PGA Tour, attempts to apply the principles of arena-style sporting events to the world of golf. The LIV system, which has a fundamentally different business model than the conventional structure, enables greater financial advantage for those engaged beyond just winning tournaments.

Unlike the PGA Tour, LIV golf allows appearance fees, so players vying for the $20–25 million purse are also able to get additional compensation.

Learn more about LIV golf with the help of the given link:

brainly.com/question/29360586

#SPJ4

4 0
1 year ago
the original penguin clothing brand which features a cute penguin with a tie wrapped around its neck has made a successful comeb
Veronika [31]

​Assess organizational resources and evaluate risks and opportunities, It is this step in the marketing planning process that best corresponds to the articulation of a 10% increase in sales.

The marketing planning process is a methodical strategy for achieving marketing objectives. The marketing planning process includes the following steps: scenario analysis, goal-setting, strategy formulation, action programme development, implementation, control, review, and assessment. All of the managerial tasks of the company are coordinated with the aid of marketing planning process. In order to accomplish the general aims and goals of the company, it not only assists in coordinating the work of its own department but also in coordinating the managerial operations of every other department. Market penetration strategy, market development strategy, product development strategy, and diversification strategy are the four different types of the marketing planning processes.

Learn more about the marketing planning process here:

brainly.com/question/14545519

#SPJ4

7 0
2 years ago
Jessie's business sells souvenirs and craft items to tourists in Myrtle Beach, South Carolina. This is an example of a ____ busi
Alla [95]

It should be noted that Jessie is into a Distribution business when she sells souvenirs and craft items to tourists in Myrtle Beach, South Carolina.

<h3>What is Distribution business all about?</h3>

Distribution in business can be regarded as an activity of both selling and delivering products and services from manufacturer to customer.

It often called product distribution and it helps to ensure that customers and all members of the distribution channel are happy.

Learn more about Distribution business at:

brainly.com/question/24448358

7 0
2 years ago
Other questions:
  • The price of the candy corporation stock will generally increase when there is:
    12·1 answer
  • Regardless of on whom a tax is levied, sellers face which of the following?
    15·1 answer
  • If a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of
    5·1 answer
  • The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $ 4,000 $ 2,000 Accounts rece
    5·1 answer
  • Jones Company applies overhead based on direct labor hours. At beginning of the year, Jones estimates overhead to be $480,000, m
    7·2 answers
  • Vincente is conducting research to test the hypothesis that the social contagion effect is weak in adults. His finding that adul
    15·1 answer
  • The Martins' home has potentially unsafe levels of radon, but they have no idea because it is odorless and they have not been fe
    5·1 answer
  • Plack Co. purchased 10,000 shares (2o/o ownership) of Ty Corp. on February 14, Year 1. Plack received astock dividend of 2,000 s
    10·1 answer
  • An account into which a person deposits money and then can withdraw funds by making a written order to the bank instructing it t
    9·1 answer
  • The same salary, with a percent growth due to cost-of-living adjustment compounded yearly, would be $____in five years. (round y
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!