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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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What do you NOT need in order to fill out a 1040?

Andrew [12]

B) Your employer benefits documentation

Explanation:

Your employer benefits documentation has little to do with your taxes as it is not a part of the tax rebate schemes.

Supplement income is very much a part of taxable income, so it has to be produced.

The W 2 form is the primary taxation form one receives from the IRS which is to be filled while filing for taxes.

Routing and bank account details need also be provided to track all the income generated through supplementary and main sources of income.

5 0

3 years ago

Between march 2001 and november 2002, the fed reduced the federal funds rate from 5 percent to just above 1 percent. the fed's p

dezoksy [38]

Promote recovery from the recession

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3 years ago

Stellar Corporation made credit sales of $26,400 which are subject to 5% sales tax. The corporation also made cash sales which t

Luba_88 [7]

Answer:

Explanation:

The journal entries are shown below:

a. Account receivable A/c Dr $27,720

To Sales revenue A/c $26,400

To Sales tax payable A/c $1,320 ($26,400 × 5%)

(Being the credit sales is recorded)

b. Cash A/c Dr $27,195

To Sales revenue A/c $25,900 ($27,195 × 100 ÷ 105)

To Sales tax payable A/c $1,295

(Being cash sales is recorded and the remaining balance is credited to the sales tax payable account)

3 0

3 years ago

Following a decrease in price from $1.90 to $1.50, the weekly demand for a magazine increases from 100,000 to 120,000 copies. Th

Artemon [7]

Answer:

0,95

inelastic

Explanation:

0.21

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

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3 years ago

Exercise 8-8 (Part Level Submission) The Ayayai Company manufactures 1,249 units of a part that could be purchased from an outsi

melomori [17]

Answer:

current manufacturing costs for 1,249 units:

total variable costs (including direct materials, direct labor and variable overhead) per unit = $9
total fixed costs per unit = $9
total costs = $18

an outside vendor offers to supply the parts at $14 per unit

all fixed manufacturing costs are unavoidable.

the net cost to buy if Ayayai is able to lease the manufacturing facilities for $8,085 per year:

net cost to buy without the lease = (purchase price - variable costs) x 1,249 units = ($14 - $9) x 1,249 = $6,245

the net cost to buy with the lease = $6,245 - $8,085 = -$1,840, which means that Ayayai would actually save money by purchasing the parts if it is able to lease the facilities.

7 0

3 years ago