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artcher [175]
3 years ago
9

Describe the Allowance for Doubtful Accounts, account:1. What type of account is it? Contra Asset Account 2. What it’s normal ba

lance?3. What financial statement will you find it on?4. Is it a temporary or permanent account?
Business
1 answer:
Airida [17]3 years ago
3 0

Answer:

contra-assets account.

Credit balance

balance sheet

permanent account.

Explanation:

The allwoance is an account used to adjust accounts receivable to a net value therefore, it is used as contra-asset (to adjust an asset)

Therefore, as assets normal balance is debit a contra-assets in order to adjsut will use credit balance.

<em>Notice:</em> contra-assets decrease the net value of the assets They never increase it. If the princip0al asset increase then, the accounting would use the main asset account, not the contra-asset

Lastly, as it adjsut an asset it will be find in the balnce sheet or in the note to the balance sheet to disclosure the procedure to arrive to net accounts receivables

As it is find in the balance sheet is a permanent account His balance passes through the acouting cycles

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epper Department store allocates its service department expenses to its various operating (sales) departments. The following dat
ad-work [718]

Answer:

Pepper Department Store

The total advertising expense allocated to Department B is:

= $24,000.

Explanation:

a) Data and Calculations:

Expense            Basis for allocation               Amount

Rent                   Square feet of floor space $ 49,000

Advertising        Amount of dollar sales      $ 80,000

Administrative   Number of employees     $ 120,000

Department   Square Feet   Dollar Sales   Number of employees

A                         5,500            $ 355,000              31

B                         5,900            $ 375,000              33

C                         6,100            $ 520,000              35

Totals               17,500          $ 1,250,000              99

Advertising Expense Allocation:

Department A = $22,720 (355,000/$1,250,000 * $80,000)

Department B = $24,000 ($375,000/$1,250,000 * $80,000)

Department C = $33,280 ($520,000/$1,250,000 * $80,000)

6 0
2 years ago
Which government body authorized CTSOs
KIM [24]

Answer:

The U.S. Congress authorized CTSOs.

Explanation:

7 0
2 years ago
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Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is
kicyunya [14]

Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is worth it to Matthew most likely because His preference is for designer labels, since the assertions made by the other manufacturers, which claim that designer trousers are less expensive, are illogical. This is further explained below.

<h3>What is the cost?</h3>

Generally, payment is required before it can be obtained or completed.

In conclusion, Affluent designer jeans are Matthew's choice. There are cheaper jeans out there, but Matthew most certainly prefers designer labels since the arguments of the other manufacturers, who say that designer pants are less costly, are irrational.

Read more about cost

brainly.com/question/15135554

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2 years ago
Dave's Scooters is a small manufacturer of specialty scooters. The company employs 14 production workers and four administrative
katrin [286]

Answer:

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Explanation:

3 0
2 years ago
Amanda is a twenty-four year old student. For two years Amanda has been going to gym and using weight equipment, stationary bicy
Marta_Voda [28]

Answer:

e. All of the other choices

Explanation:

Product liability is the responsibility that a company bears for injury caused by its products as a result of a defect.

In this instance Musclematic, has known for the past year that this problem existed, but the company took no steps to warn people who owned or used these machines of the problem.

So for any injury users have they will be liable.

If Amanda files a lawsuit against Musclematic they will have to consider:

- How this litigation will affect its goodwill

- Whether or not a settlement with Amanda is a viable option

- Whether this suit will adversely affect other business relationships

- The costs associated with litigating this claim

This is because they will most likely lose the case.

7 0
2 years ago
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