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
Finger [1]
2 years ago
15

question content area the direct write-off method of accounting for uncollectible accounts a.is often used by small companies an

d companies with few receivables b.emphasizes cash realizable value c.emphasizes the matching of expenses with revenues d.emphasizes balance sheet relationships
Business
1 answer:
Ludmilka [50]2 years ago
3 0

The direct write-off method involves writing off a bad debt expense directly against the corresponding receivable account.

What is direct write-off method?

Bad debts can be accounted for in one of two ways: directly or indirectly. Bad debts are only recorded once it is determined that they cannot be recovered. In other words, when it is established beyond a reasonable doubt that the debt cannot be collected, a business will merely declare the bad debt charge and reduce its accounts receivable.

Due to the fact that the direct write-off method frequently records bad debt in a period other than the period in which the transaction was recorded. As a result, it frequently fails to align costs with income.

Many small businesses employ the direct write-off approach, which doesn't call for audited financial records, to record uncollectible accounts.

To know more about direct write-off method refer:

brainly.com/question/15733967

#SPJ4

You might be interested in
Ann needs to share information about a new hiring policy. She needs to communicate this information to more than one hundred emp
Aleonysh [2.5K]

Answer:

Send a memo.

Explanation:

In this scenario, Ann needs to share information about a new hiring policy. She needs to communicate this information to more than one hundred employees. Thus, Ann should send a memo.

A memo, also known as office memorandum is a written message used as a means of communication of policies, decisions or procedures issued by an appropriate authority to another within the same organization.

Simply stated, an office memorandum is used to issue instructions or for communicating an action or decision reached by the executive arm of an organization to another, such as subordinates within the same organization.

6 0
3 years ago
Strategy implementation can be the most difficult part of the strategic management process. Which of the following is not likely
RUDIKE [14]

Answer:

d) Competition

Explanation:

According to  Rajasekar, J. (2014). <em>Factors affecting effective strategy implementation in a service industry</em> Strategic management process key factors are the role of leadership, the role of culture and the role of organizational structure in strategy implimentation.

On the other hand, "the absence of real competition is either not aware of the need to formulate a strategy and implement it (clarity of strategy) or believe there is no need to do so due to the business structure" (p.177)

Reference: Rajasekar, J. (2014). Factors affecting effective strategy implementation in a service industry: A study of electricity distribution companies in the Sultanate of Oman. International Journal of Business and Social Science, 5(9).

3 0
3 years ago
You purchased 300 shares of common stock on margin for $60 per share. The initial margin is 60% and the stock pays no dividend.
MrMuchimi

Answer:

- 41.67%

Explanation:

For computing the rate of return first we have to compute the initial investment which is shown below:

= Number of shares × per share ×  initial margin percentage

= 300 shares × $60 per share × 60%

= $10,800

Now Loss on sale of common stock is

= (Selling price - purchase price) × number of shares  purchased

= ($45 - $60 ) × 300  shares

= - $4,500

So the rate of return will be:

= Loss ÷ Initial Investment

= - $4,500 ÷  $10,800

= - 41.67%

7 0
3 years ago
Carter County entered into a capital lease to finance an Emergency-911 telecommunications system. The capitalized cost of the eq
Sloan [31]

Answer:

The second option

Explanation:

Expenditures

Other Financing Source

Cash $185,000

$160,000

25,000

3 0
3 years ago
Pollution caused by candles isn't taken into account.Quality improvements as a source of well-being are ignored.GDP doesn't capt
hammer [34]

Answer:

D. The marginal cost of light is zero, and by convention zero-priced goods and services are excluded from GDP

Explanation:

Only things that have a monetary cost are included in GDP. Things that do not cost "anything" in monetary terms are not included, and this is a major shortcoming of GDP.

From an ecological economics standpoint, things like sunlight, air, and water are often not valued and included in GDP. This is the same case as in the question, because the marginal cost of light is zero, then, it is not included in GDP.

3 0
3 years ago
Other questions:
  • In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following i
    11·1 answer
  • At which step is a solution implemented in the decision-making process of solving a workplace problem?
    7·2 answers
  • 3) Bill plans to fund his individual retirement account (IRA) by contributing $2,000 at the end of each year for the next 20 yea
    9·1 answer
  • What will happen in the bond market if the government imposes a limit on the amount of daily​ transactions? Which characteristic
    8·1 answer
  • "?________ the owners of the factors of? production, while? ________ what amounts of those factors to hire."
    10·1 answer
  • Casassa, a merchant in San Francisco, under the terms of a nonshipment contract, agrees to sell 50 cases of packaged macaroni to
    13·1 answer
  • Here is me ik im ugly but im getting my hair cut so a boy cut any ideas
    14·2 answers
  • If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is (a) $650. (b) $1,300.
    6·1 answer
  • A market correction is defined as a stock market decline of 10% or more.<br> a. true<br> b. false
    9·1 answer
  • Although the number of people employed in manufacturing in the united states has decreased since 1950, each person is now produc
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!