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
stich3 [128]
3 years ago
9

Establishing an Allowance for Doubtful Accounts under the allowance method is necessary because a. uncollectible accounts that a

re written off must be accumulated in a separate account. b. collection agencies use this account to accumulate attempts to collect worthless balances. c. estimates must be made when recording bad debt expense and it is not possible to know which specific accounts will not be collected. d. a liability results when a credit sale is made.
Business
1 answer:
faltersainse [42]3 years ago
6 0

Answer: Establishing an Allowance for Doubtful Accounts under the allowance method is necessary <u><em>because estimates must be made when recording bad debt expense and it is not possible to know which specific accounts will not be collected.</em></u>

Allowance for doubtful accounts is a diminution of accounts receivable and is recorded as a write-off straightaway beneath accounts receivable that is appearing on a organization balance sheet.

You might be interested in
Imagine that in the current year the economy is in long-run equilibrium. Then the federal government reduces its purchases of go
stealth61 [152]

Answer:

The expected price level falls., new wage contracts will be negotiated at a lower wage in the market.

Explanation:

In the case when the economy is in the long run equilibrium and the federal government decreased the goods purchase by 50%. So in the long run the expected price level would be decline and the effect on wage bargaining would be that the new wage control would be negotiated at a less wages in the market place

Therefore, the correct option is c

And, the same would be relevant

8 0
3 years ago
A(n) _____ is used to move out of one currency and into another for a limited period without incurring foreign exchange risk.
AveGali [126]

Answer:

Currency swap.

Explanation:

A currency swap is an agreement or a contract between the two parties. Involves the exchange of interest and sometimes of principal in one currency for the same in another currency. Interest payments are exchanged at fixed dates through the life of the contract.

It is considered to be a foreign exchange transaction and is not required by law to be shown on a company's balance sheet. Two parties exchange principal amount and interest that incur in different currencies. The dual purpose of a currency swap is to hedge exposure to exchange rate risk, or helps reduce the cost of borrowing a foreign currency.

5 0
3 years ago
A great feature of QuickBooks Online is that there are other lists you can utilize to make it easier to fill i forms Where would
Juliette [100K]

Answer: A. Go to the Gear icon and select All Lists

Explanation:

QuickBooks online is an accounting software that is used by businesses to make business payments, to pay bills, and can also be utilized to perform payroll functions.

A great feature of QuickBooks Online is that there are other lists that one can use to make it easier to fill i forms and these list can be found in the gear icon where one would then select all lists.

7 0
3 years ago
_____ form a part of the microenvironment that influences retail management decisions. competitors technologies politics
Delvig [45]

One part of the microenvironment that may influence the retail management decisions is technologies. It is because a microenvironment is considered to be a factor in which affects the performance of a certain decision. And that the retail management decision always focuses more on certain factors that would likely affect the choices of their consumers such as stores, internet or even technologies.

8 0
3 years ago
How would reduction in the interest rate in borrowing help in solving the unemployment problem ​
dusya [7]

Answer:

Reduction in interest rate in borrowing will help in solving unemployment because once a loan interest is reduced, people goes straight to get some loans to start private businesses without relying to be employed by other companies rather they become euntreprenuers and manufacturers on their own. They drive on their passion and also will create job opportunities for more unemployed ones.

4 0
3 years ago
Other questions:
  • In addition to teaching some amount of tolerance, the crusades also encouraged ______.
    12·1 answer
  • The internal business perspective of the balanced scorecard answers which of the following questions?
    6·1 answer
  • Chapter 7 1) Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for
    10·1 answer
  • On June 1, you borrowed $195,000 to buy a house. The mortgage rate is 5.25 percent. The loan is to be repaid in equal monthly pa
    8·1 answer
  • Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect m
    14·1 answer
  • An increase in the real money supply can result from ________.
    8·2 answers
  • A negotiable instrument can function as a substitute for cash.
    11·1 answer
  • Garden Variety Flower Shop uses 900 clay pots annually. The pots are purchased at $2 each. Annual carrying costs per pot are est
    10·1 answer
  • As capital investments flow from high wage Core countries to low wage Periphery regions, _______________________ shifts take pla
    14·1 answer
  • At the end of 2022, Carla Vista Co. has accounts receivable of $773,900 and an allowance for doubtful accounts of $63,000. On Ja
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!