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1 year ago

Using the allowance method, is bad debt expense recognized in

1 answer:

3 0

Using the allowance method, is bad debt expense recognized in the period in which sales related to the uncollectible account are made.

One of the most typical types of bad debt is credit card debt. Lenders issue credit cards, which let you make purchases on credit. These credit cards frequently have exorbitant interest rates that can soon become out of control.

Bad debt costs are typically listed on the income statement as a sales and general administrative expenditure. Accounts receivable on the balance sheet are reduced when bad debts are recognized, but firms still have the right to collect money if the situation changes.

Learn more about bad debts here

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Which of the following refers to a process that first determines what information marketing managers need and then gathers, sor

Lapatulllka [165]

Answer:

c. Marketing information system (MIS)

Explanation:

Marketing information system (MIS) -

It refers to the management of the information to help the marketing decision making process , is referred to as Marketing information system (MIS) .

The information or the data is collected , stored and distributed accordingly , to make the process fast and efficient .

Hence , from the given information of the question,

The correct option is c. Marketing information system (MIS) .

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3 years ago

Nominal GDP is multiple choice 1 the sum of intermediate and final goods and services, whereas real GDP is the sum of final good

Alexus [3.1K]

Answer: b. market or money value of all final goods and services produced by the economy in a given year, whereas real GOP is adjusted for inflation

Explanation:

Nominal GDP for a given year refers to the final value of all goods and services in the country using the current year prices.

Real GDP however, makes it easier to compare the nominal GDP to past GDPs because it removes the effects of inflation by using prices from a base year to calculate GDP. This way it can be seen if the economy actually grew.

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3 years ago

An accounting professor is considering opening his own consulting firm. To do so, she will have to quit her current job, that pa

qwelly [4]

Answer:

The answer is "$100,000"

Explanation:

Please find the complete question in the attached file.

Given value:

$\text{Employees salary}= \$ 80,000\\\\\text{Insurance}= \$ 6,000\\\\\text{Utility cost}=\$ 5,000\\\\\text{Supplies}= \$ 9,000$

$\text{Annual Explicit costs}= ?$

Formula:

$\text{Annual Explicit costs}= \bold{\text{Employees salary}+ \text{Insurance}+ \text{Utility cost}+ \text{Supplies}}$

$= \$ 80,000 + \$ 6,000 + \$ 5,000 + \$ 9,000\\\\= \$ 80,000 + \$ 20,000\\\\= \$ 100,000$

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2 years ago

If the price elasticity of demand for Mountain Dew is 4.4 then

taurus [48]

If the price elasticity of demand for Mountain Dew is 4.4 then "mountain dew has a high price elasticity of demand".

<u>Answer:</u> Option D

<u>Explanation:</u>

In economics "Price elasticity of demand" (PED) is a metric required to illustrate the flexibility or elasticity of a product or service's required quantity to increase its value when nothing but the value of product vary. When mountain dew have price elasticity of demand is 4.4 this follows that a price increase of 10 percent would result in the quantity needed decline by 44% as illustrated below:

4.4 = (% quantity change) / (% price change)

4.4 = x / 10

x = -4.4 (10) = -44% here negative sign shows decline in quantity required.

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3 years ago

A tip of $10 is best for which kind of service?

lara31 [8.8K]

waiters and people who serve your food

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2 years ago

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