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3 years ago

The advantage of relating a company's bad debt expense to its outstanding accounts receivable is that this approach:

Business

1 answer:

jeka57 [31]3 years ago

4 0

Answer:

A. gives a reasonably correct statement of receivables in the balance sheet.

Explanation:

As bad debts are related to the companies current assets that are receivables and are also referred to as the uncontrollable expenses and results for the nonpayment of the delivered good and the services

Hence the correct method to show this is through the balance sheets clarify on the amounts of the outstanding accounts receivables and payment made.

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Accounting Equation Shannon Cook is the stockholder and operator of Personality Shine LLC, a motivational consulting business. A

Neporo4naja [7]

Answer:

a. Stockholders' equity as of December 31, 2017: $635,000

b. Stockholders' equity as of December 31, 2018: $524,000

Explanation:

Please find the below for detailed explanation and calculations:

We have the Accounting Equation as: Total Asset = Total Liabilities + Total Equity <=> Total Equity = Total Asset - Total Liabilities

Applying the Accounting Equation to find the Stockholder's Equity at the two point of time require, we have the calculation as below:

* December 31, 2017:

Total Asset = $836,000; Total Liabilities = $201,000

=> Total Stockholder's Equity = $836,000 - $201,000 =$635,000

*December 2018:

Total Asset = $836,000 - $159,000 = $677,000; Total Liabilities = $201,000 - $48,000 = $153,000

=> Total Stockholder's equity = $677,000 - $153,000 = $524,000

3 0

3 years ago

Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. Bank F charges an interest rate of 5.

zhannawk [14.2K]

Yvette should choose Bank F’s loan if she wants more about lower monthly payments, and she should choose Bank G’s loan if she wants more about the lowest lifetime cost.

These are the calculations for each bank.

BANK F:
Annual Payments=$210.53
Total Interest=$4,011.13

BANK G:
Annual Payments=$238.21
Total Interest=$3,810.05

7 0

3 years ago

Read 2 more answers

Kinsi Corporation manufactures three different products. All five of these products must pass through a stamping machine in its

Rom4ik [11]

Answer:

D) generates the highest contribution margin per stamping machine hour

Explanation:

Since the stamping machine is Kinsi's constrained resource, or bottleneck resource, in order to maximize its profit, the company should manufacture the products that maximize the utility of the stamping machine. The product that maximize the utility are the one that have the highest contribution margin. Therefore Kinsi must produce the products that have the highest contribution margin per stamping machine hour.

8 0

3 years ago

Ethnocentric managers believe that their native country, culture, language, and behavior need to be changed. are equal to all ot

Levart [38]

Answer:

are superior to other cultures.

Explanation:

Ethnocentrism is the belief that indigenous culture, customs, and way of life are more important than other cultures. Ethnographers believe that their own culture, country, language and all other characteristics are superior to other cultures.
so correct answer are superior to other cultures.

3 0

2 years ago

What are the major distinctions between a two year college and a four year college

ziro4ka [17]

2 year college = associates degree you can earn this in community colleges or technical colleges. 4 year degree = bachelors degree this is the highest you can go in college or university therefore is very awarding.

4 0

3 years ago