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
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.

You might be interested in
Mandy has perfected the art of glass-blowing. She has made gifts for her friends for years and has always gotten rave reviews. S
OLEGan [10]

Answer: Micropreneur

Explanation: In simple words, micropreneur refers to an individual who is willing to start a business at a very small level. Usually these individuals pursue their hobbies as their business so that they can gain some profit while living a balanced life style.

In the given case, Mandy is willing to start a business out of an art she is perfect in. Also she is going to start it at a very small level o that she can take care of her children at the same time.

Hence from the above we can conclude that Mandy is a micropreneur.

8 0
3 years ago
Under the temporal method, income statement items that relate to newly recognized assets and liabilities generally are remeasure
ad-work [718]

Answer: historical exchange rate

Explanation:

The temporal method is also referred to as the historical method. Under this method, the currency of a foreign subsidiary is being converted into the currency of the parent company.

It should be noted that under the temporal method, the income statement items which relate to newly recognized assets and liabilities generally are remeasured using the historical exchange rate.

6 0
3 years ago
In order to accept payments by credit card, online merchants typically must have a merchant account established with a bank or f
vivado [14]

Answer:

A. True

Explanation:

For accepting the payment by credit card or by debit card, the online merchant i.e online seller by whom the individual buys the products online.

The online merchant has an agreement with the merchant account and the bank or financial institution so that the individual can able to pay the amount through online mode to the online merchant and in the same time, the amount is deducted from the individual bank account after placing the order

7 0
3 years ago
EXPLAIN HOW IMPORTANT MOTIVATION IN AN ORGANIZATION ​
Olegator [25]
Level of commitment, drive and energy that a company's workers bring to the role everyday.
8 0
2 years ago
Read 2 more answers
Is Self-assessment Income tax or Consumer tax?​
nika2105 [10]

Answer:

I think it's a income tax

4 0
3 years ago
Other questions:
  • Leon is catering a luncheon. He is only supplying the food. What kind of catering service is he providing?
    7·1 answer
  • If someone dies without a will, who handles the distribution of the person’s estate?
    9·1 answer
  • Two 20-year corporate bonds are issued at par, with stated interest rates of 10%. One issue is puttable at par in 5 years, while
    7·1 answer
  • Economies of scale are said to exist when inputs are increased by some percentage and output increases by a(n) __________ percen
    11·2 answers
  • Explain what a data dictionary is, making sure to include definitions of the terms data element and record in your explanation.
    5·1 answer
  • A researcher plans to evaluate a new reading program by measuring students’ reading skill before and after the program begins. I
    11·1 answer
  • Unearned Rent Revenue is
    10·1 answer
  • Classical economists believed that: a discretionary fiscal policies were useful for dampening business cycle fluctuations. b mon
    6·1 answer
  • MedTech Corp. stock was $55.25 per share at the end of last year. Since then, it paid a $0.45 per share dividend. The stock pric
    5·1 answer
  • The entry and exit of firms in a purely competitive industry help to improve resource allocation because:_______
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!