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
You created a financial model for a pitchbook being presented tomorrow to a potential new client. While reviewing the final vers
sashaice [31]

Explanation:

A pitchbook is confidential document. It is basically a sales document, used by the sales force, which contains main features or attributes of the firm, the potential of the firm and the future aspects of the firm in detail.

So keeping the given question in mind, I would write to my supervisor as follows:

Subject: Assistance Required

Body:

Dear Sir,

By reviewing the whole document finally, which is to be presented to the client tomorrow, I found some mistakes in the results. I came to know that the results are incorrect and are surely needed to be corrected before the presentation.

I recommend you to delay the meeting for 3 hours by the scheduled time, as i need to check and correct the whole figures again and this would take time.

I am looking forwards for your advice.

Best Regards

6 0
2 years ago
Hall Corporation reported the following operating results for two consecutive years.
Strike441 [17]

Answer:

                         2014 2013 %CHANGE

SALE           1297000 1001000      29.6%

COGS             797655 600600      32.8%

Gross margin     499345 400400       24.7%

operating expenses  302000 198000        52.5%

Income before tax  197345 202400        -2.5%

taxes                  61400     52600 16.7%

Net income              135945 149800 -9.2%

Explanation:

%change = (2014 - 2013)/2013

2014 and 2013 represent each line item in the income statement

3 0
3 years ago
Vehicles begin to arrive at a parking lot at 6:00
Lady bird [3.3K]
The answer is B.
Hope this helps!
(:
4 0
3 years ago
Revenues and expenses arising from activities that are not part of the company's operations are classified as ______ revenues an
lbvjy [14]

Answer:

Nonoperating

Explanation:

The activities through which revenue and expenses occur which do not take part in the operations of business is consider as nonoperating.

6 0
2 years ago
PLEASE HELP!! 20 POINTS
goldfiish [28.3K]

Answer:

Members

Explanation:

7 0
3 years ago
Other questions:
  • Use the following advice from most financial advisors to solve the problem. ∙ Spend no more than 28% of your gross monthly incom
    11·1 answer
  • Boris, Graham, and Chris have been best friends since grade school. Boris is a flight attendant for Delta, Graham is a conductor
    14·1 answer
  • Which of the following would make a segment less attractive to​ enter? A. A lack of aggressive competitors B. Suppliers with wea
    7·1 answer
  • In the restaurant industry, a large number of restaurants cater to similar customer needs. However, each restaurant makes its pr
    5·1 answer
  • The author of the excerpt, Frederick Lynch, claims that even though AARP has been successful in blocking efforts to ___( privati
    5·1 answer
  • The general manager of the local hockey team hires you to help maximize the team's total revenue. She explains that most costs a
    6·1 answer
  • Tomorrow is my interview in Lucknow Public School for admission for 9th standard. Can anyone help me by giving some tips and tri
    5·1 answer
  • Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income
    12·1 answer
  • On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 20 million, $5.00 par, common shares, t
    13·1 answer
  • A salesperson lacking goals will drift around their territory, wasting time and energy. Group startsTrue or False
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!