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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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Jake retired from the police force. He started working an hour or two a day at a paid job in city's courthouse. Jake is A) emplo
fredd [130]

Answer:

The correct answer is letter "A": employed.

Explanation:

Employment is the state in which an individual works independently or for someone else and obtains compensation for the duties performed regardless of the number of hours or days by week that person works. Employment could be informal (usually when the employee does not have payroll benefits) or formal (when the company that person works for offers employees wage, health benefits and a specific number of working hours per week).

5 0
2 years ago
A market system is characterized by the private ownership of resources and the use of markets and prices to coordinate and direc
Verizon [17]

Answer:

TRUE

Explanation:

The given descriptions matches the concepts for a free.market or capitalism economy and a communist or socialist economy.

Is important to notice that both system have so failure:

in the market economy there are public goods which cannot be asle exclusively or aren't restricted to one or another (light in the street, highroads, public parks) and there are beside competitive market those udner which monopolies or oligopolies arise generating distorsions.

The final concept are externalities which are secondary effect not expressed in the price.

For central econmies is important to notice this generates an army of burocrats with a behemonth task to set millions of prices every day Being that impossible to do even with todays technologies.

3 0
3 years ago
Read 2 more answers
Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes.
Tanya [424]

Answer:

1. M1 and M2

2. M2

3. M2

Explanation:

M1 and M2 are the monetary aggregates.

M1 includes = Currency with the public + Demand deposits + Other deposits with the RBI

M1 is most liquefied among all of the monetary aggregates because it includes cash and other highly liquefied assets.

M2 includes = M1 + Post office savings deposits + non-institutional money market fund + small time deposits

1. The withdrawal from the bank reduces the M1 and we know that M1 is a component of M2, so M2 also falls. Therefore, this transaction belongs to both M1 and M2.

2. Certificate of deposits of $8,000 for a two year is a component of M2 monetary aggregates because small time deposits are a part of M2.

3. The amount of money as the non-institutional money market funds is a  part of M2.

3 0
2 years ago
When a person with curly hair goes outside on a humid day nothing happens
Svetach [21]

Answer:

Is there a question or what?

Explanation:

7 0
3 years ago
Read 2 more answers
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ende
bazaltina [42]

Answer:

Results are below.

Explanation:

Giving the following information:

Units sold= 1,350,000 / 450= 3,000

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 60,000 + 290,000 - 120,000= $338,000

<u>Absorption costing income statement:</u>

Sales= 1,350,000

COGS= (338,000)

Gross profit= 1,012,000

Total selling expense= (49*3,000) + 150,000= (297,000)

Total administrative expense= (19*3,000) + 110,000= (167,000)

Net operating income= $548,000

<u>Now, the contribution margin income statement:</u>

Sales= 1,350,000

COGS= (338,000)

Total Variable selling expense=  (49*3,000)= (147,000)

Total Variable administrative expense= (19*3,000)= (57,000)

Total contribution margin= 808,000

Total fixed selling expense= (150,000)

Total fixed administrative expense= (110,000)

Net operating income= $548,000

<u>Finally, the unitary contribution margin:</u>

<u></u>

CM per unit= 808,000 / 3,000= $269.33

4 0
2 years ago
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