Allowance method of accounting for bad debts
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Option - B
<u>Explanation:
</u>
The financial accounting term payments method refers to a system that is unplayable and records a bad debt expenditure estimate in the same period of accounting as the purchase. The deduction is used to adjust the cash flow accounts receivable.
The payment method is a better solution to the direct payment method because it is in line with the matching accounting theory.
Bad debts expenses are recognized soon since bad debts are likely and can be estimated to a fairly precise degree so that they meet the criteria necessary to recognize predicated losses and recognize the costs of bad debts.
The answer for the missing blank would be:
Easement
<span>An easement is wherein a person establishes an agreement to use the other person’s estate. It is more an estate with the profit, and the profit can extend when you take something from a land.</span>
Answer:
$3,402.04
Movement helped you
Explanation:
The initial amount of $3,700 when converted to British pounds at a rate of $1:£0.49 yielded:
If the remaining amount was £146, the total spend in dollars is given by:
The amount spent in England in U.S. dollars was $3,402.04.
If the exchange rate was still $1:£0.49, the amount received back would be:
At the new rate of $1:£0.45, the amount received is:
Therefore, the movement in the exchange rate helped you.
Answer:
Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.
Explanation:
Hope this helps! Have a great day, and spread some positivity!
Answer:
The 5 year forcast of the peso´s spot rate is $0.1737
Explanation:
Hi, in order to find the Forward rate, we need to use the following formula.
Now, everything should look like this.
Best of luck.
