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My name is Ann [436]
1 year ago
8

A situation that requires an adjusting entry that is not a prepayment or an accrual entry is:_________

Business
1 answer:
Semenov [28]1 year ago
3 0

Estimating bad debts is a circumstance that necessitates an adjusting entry that is neither a prepayment nor an accrual entry.

Bad debt: What is it?

Sometimes a firm needs to figure out what percentage of its receivables is recoverable when it comes time to prepare its financial statements at the end of the fiscal period. The two techniques of documenting bad debt are 1) direct write-off method and 2) allowance method, and they both involve recording the percentage that a company considers is uncollectible.

The significance of bad debt costs

Companies create financial statements at the beginning of each fiscal year or quarter. Investors and potential investors look at the financial accounts, thus they need to be trustworthy and honest.

to know more about bad debts

brainly.com/question/24871617

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g Perfection purchased a 25% stake in Satisfactory for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of
Brums [2.3K]

Answer:

The value that Perfection records in it's books on Jan 2, 2021 related to its investment in Satisfactory is:

$486,000.

Explanation:

a) Data and Calculations:

Net asset value of Satisfactory = $1,944,000 on acquisition date

Stake purchased by Perfection = 25%

25% of the net asset value of Satisfactory = $486,000 ($1,944,000 * 25%)

b) There is no goodwill arising from the investment in Satisfactory.  The equity method will be used to account for the investment in the Satisfactory.  The Equity Method involves recording the investment in an associated company like Satisfactory when Perfection's ownership interest in Satisfactory is valued at 20–50% of the net assets.

5 0
2 years ago
Give the formulas for and plot average fixed​ cost, AFC, marginal​ cost, MC, average variable​ cost, AVC, and average​ cost, AC,
zloy xaker [14]

Answer:

AFC = \frac{TFC}{q}

MC = \frac{d}{dq} TC

AVC = \frac{TVC}{q}

AC =  \frac{TC}{q}

Explanation:

The cost function is given as C=9+q^{2}.

The fixed cost here is 9, it will not be affected by the level of output.

The variable cost is q^{2}.

AFC = \frac{9}{q}

MC = \frac{d}{dq} TC

MC = \frac{d}{dq} C=9+q^{2}

MC = 2q

AVC = \frac{TVC}{q}

AVC = \frac{q^2}{q}

AVC = q

AC =  \frac{TC}{q}

AC =  \frac{[tex]C=9+q^{2}}{q}[/tex]

AC = \frac{9}{q} +q

3 0
3 years ago
About how many federal law enforcement offices ate employed in the United States
koban [17]

Answer:

Approximately 18,000

Explanation:

6 0
3 years ago
Read 2 more answers
A monopolist sells 2,000 units for $20 each. The total cost of 2,000 units is $30,000. If the price falls to $19, the number of
leonid [27]

Answer:

Decrease by $1

Explanation:

Given:

Old data:

Q0 = 2,000 units

P0 = $20

Total revenue before change = 2,000 x $20 = $40,000

After change in Price.

Q1 = 2,100 units

P1 = $19

Total revenue After change = 2,100 x $19 = $39,900

Computation of Marginal Revenue:

Marginal Revenue = (P1 - P0) / (Q1 - Q0)

= ($39,900 - $40,000) / (2,100 - 2,000)

= -100 / 100

= $(-1)

Marginal revenue will decrease by $1

8 0
3 years ago
In unregulated monopoly: a consumers are confronted with a price that is lower than marginal cost. b consumers are confronted wi
dsp73

Answer:

c. because P > MC, a basic condition for efficiency is violated.

Explanation:

An unregulated monopoly is a market in which monopoly holders have control over goods and services, giving them the ability to do whatever they like. Under unregulated monopoly, having a free market is impossible as price gouging is always evident.

In unregulated monopoly a basic condition for efficiency is violated because price is greater than marginal cost (P > MC).

Where P is the price and MC is the marginal cost of goods.

3 0
3 years ago
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