1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tiny-mole [99]
3 years ago
6

How does bad debt expense is reported on the income statement?

Business
1 answer:
Tems11 [23]3 years ago
6 0
Answer: Bad debt expenses are generally classified as a sales and general administrative expense.
You might be interested in
The management of Nebraska Corporation is considering the purchase of a new machine costing $490,000. The company's desired rate
ankoles [38]

Answer:

The payback period is more than 5 years

Explanation:

Net present value is the Net value of all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Year  Cash flow    PV factor   Present Value

0       ($490,000)       1              ($490,000)

1         $40,000       0.909         $36,360

2        $10,000        0.826         $8,260

3        $120,000      0.751          $90,120

4        $90,000       0.683         $61,470

5        $180,000      0.621        <u> $111,780 </u>

Net Present Value                   ($182,010)

NPV of this Investment is negative so, it is not acceptable.  

Payback period

Total Net cash inflow of the investment is $440,000 and Initial investment is $490,000. This investment will take more than 5 years to payback the initial investment.

6 0
3 years ago
What is meant by consistency when discussing financial accounting information?
goblinko [34]

Answer:

The correct answer is letter "A": Information presented by a company applies the same accounting treatment to similar events, from period to period.

Explanation:

In accounting, consistency is the principle that states a company must use an accounting method for book-keeping its transactions and the same method should be used from one period to the following. However, the consistency principle allows the company to change the current method for a more preferred method.

6 0
3 years ago
Your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 of income a year for 25 years,
Gekata [30.6K]

Answer:

reach us to get instant help with your assignments https://toplivewriters.com

Explanation:

3 0
3 years ago
It costs Waterway Industries $28 of variable costs and $14.40 of allocated fixed costs to produce an industrial trash can that s
Georgia [21]

Answer:

Special request income 33,000

Explanation:

special request:

3000 units x $39 = 117,000

variable cost:

3000 units x $28 = 84,000

<u>Contribution margin 33,000</u>

special cost:              <em>none</em>

additional fixed cost:   <em>none</em>

Special request income 33,000

Notice:

Non additional shipping or setup cost is request for the order.

Non increase in fixed cost due to excess capacity.

If any of this concept do inccur in additional cost, it should be relevant as well in the calculations.

7 0
3 years ago
Going on ____ refers to the practice of a subordinate male convincing an ovulating female to move away from the community's terr
slamgirl [31]

Answer:

<em>I can see that there are no choices.</em>

mate-guarding

Explanation:

"Alternative mating strategies" are being used by either<em> female or male animals </em>in order to <u>defend the mating partner from another potential partner.</u>

In order to access the certainty of the male to the female, the male uses the strategy of mate-guarding. This means that the <em>male makes sure that he guards the female</em> and <u>wards off intruders. </u>This also prevents the female to seek other potential partners.

So, this explains the answer.

6 0
3 years ago
Other questions:
  • A detailed list of questions submitted to external vendors to determine how well they meet the organization's specific requireme
    12·1 answer
  • Managers must have the tools and resources necessary to "steer" the organization through future unknown conditions and often thr
    15·1 answer
  • Explain partner by estoppel ...and please follow me ​???
    6·1 answer
  • Leverage implies that a company a.contains debt financing. b.has a high current ratio. c.has a high earnings per share. d.contai
    7·2 answers
  • A client reporting recent right eye discomfort is diagnosed with chalazion of the right eye. The nurse reinforces instructions t
    11·1 answer
  • If Jane Key invests $18,527.74 now and she will receive $40,000 at the end of 10 years, what annual rate of interest will she be
    7·1 answer
  • PLEASE ive been asking for days i need help with this i don't understand it
    6·1 answer
  • For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as foll
    8·1 answer
  • A competitive environment where there is strong rivalry among sellers, low entry barriers, strong competition from substitute pr
    12·1 answer
  • Publications reporting total return data for an investment should use the recommended reporting period of:______.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!