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lisabon 2012 [21]
3 years ago
15

The direct write-off method records bad debt expense only when an account becomes uncollectible, which is not always in the same

period as the sale. for this reason, the direct write-off method violates the
Business
1 answer:
Alchen [17]3 years ago
5 0

The direct write-off method violates the <u>matching principal</u>, which says that revenues and expenses are recorded in period that they occur (not necessarily when they are collected/written off).

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At December 1, 2017, Tamarisk, Inc. Accounts Receivable balance was $17470. During December, Tamarisk had credit sales of $46800
tatiyna

Answer:

$26,830

Explanation:

Given that

Accounts Receivable balance = $17,470

Credit sales = $46,800

Collected accounts receivable = $37,440

The computation of Accounts Receivable balance is given below:-

= Accounts Receivable balance + Credit sales - Collected accounts receivable

= $17,470 + $46,800 - $37,440

= $64,270 - $37,440

= $26,830

7 0
3 years ago
8. Cracked Mirror, a local rock group, contracts to play for your high school prom. A week before the
Artyom0805 [142]

Answer: The amount of money that they were paid for the high school prom. This is because that's the amount that has been sent on the band.

Explanation:

From the question, we are informed that Cracked Mirror, a local rock group, contracts to play for your high school prom and that a week before the

dance, the group cancels its appearance.

We are further told that a teacher finds out that the band has instead booked a

concert elsewhere at the same time as the prom that will pay them $800 more.

Based on the above information, if the band for damages, the appropriate amount would be the amount that they were paid for the high school prom. This is because that's the amount that has been sent on the band.

3 0
3 years ago
The net present value of a project is ______. the present value of the project’s projected annual tax savings the present value
d1i1m1o1n [39]

Answer:

Used in determining whether or not a project is an acceptable capital investment

The difference between the present value of cash inflow and cash outflow of a project

Explanation:

Net present value of a project is an investment appraisal tool that is used in determining the value of all future cash flow that will be generated by a project in order to know the project with maximum profit even right from the onset.

The is done by discounting the present and the future cash flow to the present value and the differences highlighted.

One of the key purpose of the net present value of projects is that it points out whether a project will be an acceptable capital investment or not. When the net present value of cash inflow is greater than the cash outflow, it is indicates a profitable project and vice versa.

8 0
3 years ago
Why would a potential employer want to know about your honors and awards?
VARVARA [1.3K]

Answer:

Explanation:

Honors and Awards on a resume can highlight skills which are valuable to many employers. ... Your personal statement can show that you have self-belief, your Awards and Honors section on your resume can prove you have the ability.

8 0
3 years ago
Pecking order hypothesis.  Rachel can raise capital from the sources in the popup​ window:  LOADING.... What is​ Rachel's weight
WITCHER [35]

Answer:

a. 0%

b. 5.96%

c. 8.23%

Explanation:

Ease see solution for Rachel's weighted average cost of capital for each;

a. WACC = 10,000/10,000 * 0.1 = 0%

b. WACC = [11,000/25,000 * 0%] + [2,000/25,000 * 5.5%] + [12,000/25,000 * 11.5%]

= 0%+0.44%+5.52%

= 5.96%

c. WACC =[11,000/35,000 * 0%] + [2,000/35,000 * 5.5%] + [16,000/35,000 * 11.5%] + [6,000/35,000 * 15.5%]

= 0%+0.3140%+5.2571%+2.6571%

= 8.23%

6 0
3 years ago
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