Answer:
Options (a), (c) and (d)
Explanation:
Uncollectible accounts refer to those accounts receivables which have gone bad and doubtful and from whom the possibility of collection/recovery is next to nil. Some of the credit sales will always be uncollectible regardless of how carefully a company frames it's credit policies.
Uncollectible accounts are usually referred to as bad debts.
There are some indications which make an enterprise classify some accounts as uncollectible, some of which are:
1. The debtor is incurring heavy losses and on the verge of business shutdown.
2. The debtor stops responding to company's mails and calls and other means, seeking payment from him.
3. The debtor has gone bankrupt or insolvent and has filed for bankruptcy.
4. The debtor closes or shuts down his business operations.
<span>By renting a home instead of purchasing one, you are paying someone else's mortgage every month and getting nothing in return. While you are gaining a home to live in for the short term, in the long term you will gain nothing. When you purchase a home you will have a home that you own and that you cannot be evicted from as long as you pay your mortgage.</span>
The value of what you forgo in order to attend the party is known as the opportunity cost. due to you Normally studying at home, the advantage of the party outweighs the potential cost (such as a greater that you would have learned from studying that evening (for homework or a test).
<h3>What is meant by opportunity cost?</h3>
In other terms, opportunity cost is the other option or opportunity you must forgo in order to pursue your preferred alternative. It is, to put it simply, what we have to give up in order to act.
For instance, if you attend your friend's birthday celebration, you will undoubtedly miss your preferred study period for the exam the following day. This may result in a gorgeous crimson "F" on your exam paper, which would be a terrible loss. For this reason, sane people who are aware that they are not intelligent enough to review for the test while intoxicated in five minutes typically opt to stay at home and study. The inability to study for your exam in this instance is a lost opportunity.
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Answer:
See below
Explanation:
Demand is the quantity of a product or service that customers are willing to purchase from the market at a specific price. According to the law of demand, there is an inverse relationship between price and demand for a product. Should the price of a commodity or service increase, its demand decreases.
The demand curve is downward sloping. The price is indicated on the Y-axis and quantity on the X-axis. The demand curve originates from the top left corner, where the price is highest and the demand at its lowest. As the curve slope downwards, it shows how quantity increases as the price decreases.
Answer:
B) $3271.
Explanation:
Since Sheridan Company uses the effective interest method to account for Scott Company bonds, and it purchased them on discount, it must increase its debt investments by:
(market price x effective interest) - (face value x coupon rate) =
($1,650,375 x .055) - ($1,750,000 x .05) = $3,270.63 ≈ $3,271
since the bonds pay a semiannual coupon, the yearly interest rates must be divided by 2.