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slava [35]
3 years ago
13

Under the direct write-off method of uncollectible accounts, the effect on the accounting equation of writing off a customer's a

ccount is: a.an increase in liabilities and a decrease in stockholders' equity (expense) b.an increase in assets and an increase in liabilities c.a decrease in assets and a decrease in stockholders' equity (expense) d.a decrease in assets and a decrease in liabilities
Business
1 answer:
FrozenT [24]3 years ago
7 0

Answer:

Correct option is (C)

Explanation:

Under direct write off method, if a particular accounts receivable is written off, then no counter asset is created. Bad debt expense is debited and accounts receivable is credited.

As bad debt expense is reported on the debit side of income statement, profit reduces by the same amount thereby decreasing stockholder's equity. Since accounts receivable is credited, accounts receivable is decreased by the same amount in the balance sheet, thereby decreasing assets.

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The first component of the master budget is the cash budget. overhead budget. pro-forma budget. sales budget.
hammer [34]

Sales Budget

  • Sales Budget is mainly based on sales forecast.
  • It is the starting point of master budget and helps the company to determine that how much number of units to be sold in a coming year and its selling price.

learn more about this here-

brainly.com/question/17197344

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7 0
2 years ago
Compared to those in low-income countries, the residents of countries with high per person incomes nearly alwaysa. live longer.b
Sedaia [141]

Answer:

The correct answer is the option D: all of the above.

Explanation:

On one hand, a <em>low income country</em> is the type of country whose economy is poor mostly. It is characterized by the fact that it has no industry and most of its population has not enough money to make a good living.

On the other hand, a <em>high per person income country</em> is the concept used to refer to the whole opposite situation, in which <em>most of the people has enough money to make a good living</em> and also the majority of them are happy with that style of living due to the fact that the economy is doing well. Therefore that <em>in this type of country is where the citizens have more advantages</em>, including both<em> lower infant mortality rate</em> and <em>lower illiteracy rate</em> as well too. In addition, is in those countries where the <em>people live longer</em> because there are better health condition to live, including better medication, doctors, etc.

6 0
3 years ago
Purchases of new national defense equipment flow from​ ______ to​ ______ through the​ ______ markets.
Andru [333]
The answers are government, firms, and goods


I hope that helped
3 0
3 years ago
Suppose a monopolist discovers a way to perfectly price-discriminate. Under this scenario, consumer surplus is . What are the ef
natali 33 [55]

Answer:

The correct answer is: zero; zero.

Explanation:

If a monopolist discovers a way to perfectly discriminate, it means that the monopolist will charge equal to the willingness to pay from each consumer.

The consumer surplus is the difference between the maximum price a consumer is willing to pay and the price it actually pays.

Since each consumer is paying price equal to its willingness to pay, the consumer surplus will be zero.

There will be no efficiency costs. The monopolist will sell output where the maximum price the consumer is willing to pay is equal to or greater than the marginal cost. So all efficient trades will occur, there will be no efficiency costs.

4 0
3 years ago
When trying to understand a corporate culture, it is helpful to understand the types of power that are used. In "power cultures"
Alenkasestr [34]

Answer: b. supervisors exert a great deal of economic and political power.

Explanation:

In this type of organizational culture, little space is left for the creativity of employees to be exercised, where they usually work without going beyond their means. Example: A company where all the decisions up to the smallest ones must be taken by the bosses

8 0
3 years ago
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