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3 years ago

When a company expands by entering new business areas, it is called growth through __________?

1 answer:

7 0

When a company expands by entering a new business area, it is called growth through diversification.

Diversity is the means of being different, new, exciting.. something not like another. When a business enters something new, it's called diversification because it's not like what they've done before. With this comes risk but huge growth potential.

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When the allowance method of recognizing bad debt expense is used, the entries at the time of collection of a small account prev

BigorU [14]

Answer:

Increase the allowance for doubtful accounts.

Explanation:

It would increase the allowance for doubtful accounts because, if you determine the necessary journal entries for reestablishment and to collect the account receivables, what we get is depicted below:

Reestablishment entry:

Account receivables = xx

Doubtful accounts allowance = xx

On the other hand, we get the record collection entry:

Record Collection Entry:

Cash = xx

Accounts receivable = xx

From the above, the net effect is simply an increase in current asset account; CASH, and a corresponding increase in the allowance for doubtful accounts.

4 0

3 years ago

Use Tuition Tracker to get an estimate of the annual net price for Jada to attend North Carolina State University. *Once you’ve

Temka [501]

1. Jada's annual net price based on her family income of $52,000 is <u>$15,321</u>, according to the Tuition Tracker.

2. In 4 years, Jada will owe <u>$78,001.43</u>, including interest.

<h3>What is the annual net price?</h3>

The annual net price is Jada's <u>annual cost of attending college</u> after subtracting the grants, scholarships, tuition waivers, and other gift aids. The annual net price does not include loans but excludes the financial aid which Jada does not have to repay or earn.

The solution to question 2 is found by using an online finance calculator as follows:

<h3>Data and Calculations:</h3>

Family income per year = $52,000

High school senior GPA = 3.4

Average Annual Net Price = $18,807

Estimated Sticker Price = $24,259

Grants and Scholarships = $8,938

Estimated student loan rate = 5%

To Graduate In 4 years

Estimated Loan Amount = $15,321/year

Current Balance = $0

Loan Term = 10 years

Grace Period = 6 months

Interest Rate = 5%

Result:

Repayment: $650.01/month

Amount Borrowed: = $61,284.00 ($15,321 x 4)

Total Interest: $16,717.43

Total Loan amount to be repaid = $78,001.43

<h3>Complete Question:</h3>

Jada is a biracial high school senior with a 3.4 GPA
She really wants to attend North Carolina State University, her mom's alma mater
Her family income is $52,000 per year
She is trying to decide between two career tracks, both of which are offered by her college
Graphic designer, because she's artistic and loves computers
Accountant, because she's great at math and she's done job shadowing in this area.

1. Use Tuition Tracker to get an estimate of the annual net price for Jada to attend North Carolina State University. *Once you've found NCSU, be sure to change her family income at the very top of the screen to get an accurate cost.

2. Assuming the net price remains constant and she takes the entire annual net cost in student loans, how much will she owe if she graduates in 4 years?

Learn more about the annual net price at brainly.com/question/26163228

5 0

2 years ago

The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost $12,000 Replacement cost $7,00

irga5000 [103]

Answer:

the inventory should be recorded at $8,500

Explanation:

As we know that according to GAAP, the inventory should be recorded at a cost or net realizable value whichever is lower

So as per the question

Historical cost is $12,000

And, the net realizable value is

= Expected selling price - expected selling cost

= $9,000 - $500

= $8,500

So, the lower cost is $8,500

Hence, the inventory should be recorded at $8,500

5 0

3 years ago

When the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves

Evgen [1.6K]

Answer:

debit to the Allowance account.

Explanation:

GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).

IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globally.

According to the Generally Accepted Accounting Principles (GAAP), when the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves a debit to the allowance account.

3 0

3 years ago

The _____ is capable of imaging atoms and incorporating nanomaterial layers into hard disk recording heads and magnetic disk coa

SIZIF [17.4K]

The <u>scanning</u><u> </u><u>tunneling </u><u>microscope</u> is capable of imaging atoms and incorporating nanomaterial layers into hard disk recording heads and magnetic disk coatings. Read below on scanning tunneling microscope.

<h3>What is scanning tunneling microscope?</h3>

Scanning Tunneling Microscope is a high-resolution microscope using neither light nor an electron beam, but with an ultra-fine tip able to reveal atomic and molecular details of surfaces.

Therefore, the correct answer is Scanning Tunneling Microscope.

learn more about scanning tunneling microscope: brainly.com/question/16710784

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4 0

2 years ago