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yaroslaw [1]
3 years ago
10

The existing balance in the Allowance for Doubtful Accounts is considered in computing bad debt expense when using the percentag

e-of-receivables basis. The existing balance is ignored when using the percentage-of-sales basis. The existing balance in Allowance for Doubtful Accounts is considered in computing bad debt expense in the
Business
1 answer:
kolbaska11 [484]3 years ago
8 0

Answer:

The existing balance in Allowance for Doubtful Accounts is considered in computing bad debt expense in the percentage of receivables basis.

Explanation:

Percentage of receivables basis is preferred over direct write-off of bad debt expenses and is used in the calculation of bad debts, this is done by multiplying the accounts receivable by percentage of expected noncollectable debts and then subtracting accounts for bad debts are then subtracted from accounts receivable on the balance sheet and the result reported as net accounts receivable. It is used in calculating the bad debt expense in each account reporting period.

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Elizabeth is marketing a new type of picture frame that she invented. She has developed a full identity for the product and want
Tresset [83]

Answer:

Trademark.

Explanation:

Trademark is a type of intellectual property that involves use of a unique design to legally differentiate a product from others in the market. It shows a particular product belongs to a company.

Elizabeth should first of all get a trademark on her picture frames so that they will be legally protected from copying by others.

3 0
3 years ago
George and Miguel are considering opening up a shoe store but first need to do market research. Which one of these is NOT part o
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Is this multiple choice, where are the answers to choose from?
5 0
3 years ago
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Navi-devices Inc., a manufacturer of portable navigation devices, provides free traffic updates and identifies the nearest parki
MrRissso [65]

Answer:

Navi-devices Inc.

The most likely impact of this strategy is:

d. It will provide the company with a competitive advantage.

Explanation:

The strategy of "providing free traffic updates and identifying the nearest parking spaces for its subscribers" will greatly benefit the company's customers.  These free services lower the cost for customers and provide an advantage for the company to reach out to more loyal subscribers for its portable navigation devices.  However, competitive advantages are not everlasting.  They can easily be copied by competitors.  This will level the advantage to zero.  This implies that Navi-devices must innovate to remain competitive.

8 0
3 years ago
Hellmann's is a brand owned by Unilever that produces mayonnaise, among other food products. If a marketing manager at Hellmann'
leonid [27]

Answer:

A) a weakness if the company does not have access to other expertise at Unilever.

Explanation:

A SWOT analysis will be used by Hellmann to identify the brand's strengths, weaknesses, opportunities and threats.

Strengths refer to internal attributes and resources that support business growth. Weaknesses are internal traits and resources that work against a successful outcome.  Opportunities are external factors that the entity can use to develop the business.  Threats are external factors that can lead to the downfall of the brand.

Based on the above, the lack of expertise by Hellmann's managers is a weakness.

6 0
3 years ago
Accrual accounting: A. results in the balance sheet showing the fair value of the entity's assets. B. is designed to match reven
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Answer:

The answer is B. is designed to match revenues and expenses.

Explanation:

Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.

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3 years ago
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