Answer:
True
Explanation:
It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts estimated.
The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000
Credit Sales $ 200,000
Cr Allowance for Uncollectible Accounts $ 4,000
Dr Accounts receivable $ 38,000
Net Realizable Value of Accounts receivable $ 34,000
Answer:
A) deposits
Explanation:
In the case of the commercial banking system, the liabilities is deposits as the deposit is the amount of the depositors
So as per the given situation, the option A is correct as the deposits represents the commercial banking liabilities
hence, all the other options are incorrect
Therefore, the same is to be considered
Answer:
A. planning, scheduling, and controlling.
Explanation:
The phases of project management are -
1. Initiation
2. Planning
3. Execution - Scheduling
4. Control
5. Close
Option A is correct because the answer includes the 2nd, 3rd, and fourth phases of project management.
Option B is wrong because programming is not a phase of project management. Option C is a combination of management functions. Therefore, it is incorrect. Option D is not correct as the service project is not different from the manufacturing project. Option E is the project management technique.
The fair debt collection practices act attempts to prevent abuses by <u>collection agencies</u>. The Option C is correct.
<h3 /><h3>What Is the Fair Debt Collection Practices Act (FDCPA)?</h3>
In United States, the Fair Debt Collection Practices Act is a federal legislation that limits the actions of third-party debt collectors who are attempting to collect their debts on behalf of another person or entity.
This Act restricts the ways that these collectors can contact debtors as well as the time of day and number of times that contact can be mad; and if the legislation is violated, the debtor can sue the debt collection company as well as the individual debt collector for damages and attorney fees.
In 2021, the Consumer Financial Protection Bureau have placed the Debt Collection Rule by clarifying how debt collectors can communicate with debtors.
Read more about Fair Debt Collection Practices Act
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Answer:
Accounting profit= $70,000
Explanation:
Giving the following information:
If your revenue during the first year of business is $75,000, and you incurred $5,000 in expenses for equipment and supplies, how much is your accounting profit
<u>The accounting profit does not include the opportunity cost of leaving the accounting job. In this case, the accounting profit is:</u>
Accounting profit= revenue - costs
Accounting profit= 75,000 - 5,000
Accounting profit= $70,000
