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Sloan [31]
4 years ago
10

On October 29 of the current year, a company concluded that a customer's $4,400 account receivable was uncollectible and that th

e account should be written off. What effect will this write-off have on this company's net income and total assets assuming the allowance method is used to account for bad debts?
No effect on net income; no effect on total assets. T/F
Business
1 answer:
Nonamiya [84]4 years ago
3 0

Answer:

The answer is true

Explanation:

There will no effect on net income; no effect on total assets because an allowance method is used which means there was a provision for bad debts already effected.

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​Use the following to answer the questions. ​ Suppose that Ray-Ban is considering a new line of sunglasses that would be sold in
Delvig [45]

Answer: Demand based pricing

Explanation:

Ray-Ban's plan of gathering information about the other brands sold in department stores, which includes their prices, would most likely be used in a demand based basis for pricing

Demand-based pricing, refers to the method of pricing whereby the fluctuations in the demand of consumers is considered.

Due to the flctuations, the prices are adjusted in a way that fits the changes in the values of the product.

4 0
3 years ago
Refer to Exhibit 5-5. If the airline charges price P1 for both aisle seats and middle seats, the result will be Group of answer
OverLord2011 [107]

Answer:

a surplus of middle seats and the equilibrium quantity of aisle seats.

Explanation:

Aisle seats are already preferred by people. So, increasing rate of middle seats will make people more attracted towards aisle seats. So, a surplus of middle seats and the equilibrium quantity of aisle seats.

7 0
4 years ago
perations management is part of a production system that can be described in the following manner: Organization: inputs→processe
Tomtit [17]

Answer:furniture manufacturer: wood→sanding→chair---C

Explanation:

Operations management is the part of a production system that  administers best business practices to create the highest net operating profit within an organization. It  involves the management of  converting raw materials and labor into finished goods and services by passing through  efficient processes  so as to  maximize profit of an organization.

In Operations management, efficient productivity , coordination and formulation of new improved process is important  because to maximize profit requires constant innovation to reevaluate current practices.  An operations management is involved in inputs, process and outputs as can be seen illustrated below.

furniture manufacturer: wood→sanding→chair

5 0
3 years ago
The reason so many firms suffer aggressive, margin-eroding competition is because they've defined themselves according to operat
Mrrafil [7]

Answer:

The correct answer is "Michael Porter".

Explanation:

Michael Eugene Porter is a professor at Harvard Business School and directs the Institute for Strategy and Competitiveness at Harvard Business School. He is known worldwide for his influence on business strategy, consulting, economic development of nations and regions, and the application of business competitiveness to the solution of social, environmental, and health problems.

Have a nice day!

5 0
3 years ago
Tullius Corporation has received a request for a special order of 8,600 units of product C64 for $45.50 each. The normal selling
xxTIMURxx [149]

Answer:

Increase in Netcome$89,160

Explanation:

Calculation to Determine the effect on the company's total net operating income of accepting the special order.

Effect on the company's total net operating income of accepting the special order=(8,600units*$45.50)-[8,600units*($ 16.30+5.60+2.80+$5.20)]-$45,000

Effect on the company's total net operating income of accepting the special order=$391,300-$257,140-$45,000

Effect on the company's total net operating income of accepting the special order=$89,160 Increase

Therefore the effect on the company's total net operating income of accepting the special order will be increase in net income of the amount of $89,160

7 0
3 years ago
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