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
Phoenix [80]
3 years ago
6

Events that occur after the December 31, 2021 balance sheet date, but before the balance sheet is issued, and provide additional

evidence about conditions that existed at the balance sheet date and affect the realizability of accounts receivable should be
a. discussed only in the MD&A (Management's Discussion and Analysis) section of the
annual report.
b. disclosed only in the Notes to the Financial Statements.
c. used to record an adjustment to Bad Debt Expense for the year ending December 31,
2013
d. used to record an adjustment directly to the Retained Earnings account
Business
1 answer:
Natalija [7]3 years ago
3 0

the realizability of accounts receivable should be

c. used to record an adjustment to Bad Debt Expense for the year ending December 31,

2013

Explanation:

  • Events that occur after the December 31, 2021 balance sheet date, but before the balance sheet is issued, and provide additional evidence about conditions that existed at the balance sheet date and affect the realizability of accounts receivable should be
  • c. used to record an adjustment to Bad Debt Expense for the year ending December 31,  2013
  • An example of accounts receivable includes an electric company that give bills to its clients after the clients have received the electricity.
  • Accounts receivable are legally acceptable that claims for payment done by a business for goods supplies or services rendered that customers/clients have ordered but not paid for it.

You might be interested in
A monopolist introduces a technological innovation that lowers the marginal cost and average cost of production. The price of th
yawa3891 [41]

Answer:

A Price: Remain constant, Level of Output: Remain constant, Profits: Increase

Explanation:

The image attached shows the different possible solutions. Options can be eliminated based on the problem statement. First, Options B, C and D can be discounted because of the change in output levels. From the information available, the technological innovation lowers marginal cost and cost of production, however it does not affect production time or output levels.

For the two remaining options, A and E, both are possible scenarios based on the information available.

Option E:

Price decreases, output level remains the same and profit remains the same. While this is a possible outcome, as the business is a monopoly, there is no incentive for the monopolist to reduce prices along with cost as they are already the only player in the market. Especially when the reduction in price does not result in increased profit.

Option A:

Price and output level remain constant, while profit increases. This is the most likely outcome as the business is a monopoly. The owner can take advantage of the reduced costs and sell at the same price to increase profits.

3 0
3 years ago
Rule-of-thumb budgeting is budgeting that's popular with the hospitality and tourism industry because it's so effective.
a_sh-v [17]
I think the answer is false

:):):):):):):)
7 0
2 years ago
The U.S. stock market has returned an average of about 9% per year since 1900. This return works out to a real return (i.e., adj
taurus [48]

Answer:

Final value= $242,726.24

Explanation:

Giving the following information:

The U.S. stock market has returned an average of about 9% per year since 1900.

This return works out to a real return (i.e., adjusted for inflation) of approximately 6% per year.

If you invest $100,000 and you earn 6% a year on it for 30 years.

We know inflation is 3% (average), so our real interest rate is approximately 3%.

We need the final value formula:

FV= PV*(1+i)^n

FV= 100000*(1.03)^30= $242,726.24

3 0
3 years ago
A situation in which a buyer has limited supplierâ options, is procuring a criticalâ item, needs technologyâ innovation, or is c
Dmitry_Shevchenko [17]

Answer:

Collaborative relationship

Explanation:

Here, it requires at least 2 parties to consent to this and the aim is to allow mutual benefits between both parties where they both benefit from each other. Thus, with this, more resources can be pumped to get the appropriate supply that is technologically advanced and equipped to to be used to foster the business

7 0
3 years ago
Direct Labor Variances Dvorak Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $1
Vilka [71]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Direct Labor Variances Dvorak Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $17 per hour. If 1,000 units required 2,800 hours at an hourly rate of $16.50 per hour.

A)

Direct labor price variance= (SR - AR)*AQ

Direct labor price variance=(17 - 16.5)*2,800= 1,400 favorable

B) Direct labor efficiency variance= (SQ - AQ)*standard rate

Direct labor efficiency variance= (3,000 - 2,800)*17= 3,400 favorable

C) Total direct labor variance= -1400 - 3400= -4,800 favorable

7 0
3 years ago
Other questions:
  • For the gillette fusion razor, over 60 percent of men who tried the razor adopted the product permanently. these men are known a
    7·1 answer
  • By the end of this year
    13·1 answer
  • Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2016. The accounting cycle for Kelly Consulting for Ap
    6·1 answer
  • Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest wil
    11·1 answer
  • All of the following will occur if the government places an effective price ceiling on candy bars except:
    6·1 answer
  • Match the cause for the negatively sloped aggregate demand curve with the correct term.
    11·1 answer
  • Assume that your total cost per unit to make a snack is $4.50. Your company is using a cost-plus pricing strategy and would like
    7·1 answer
  • Roberta is taking the final course in the fourth semester of the Veterinary Technician program. When she reads the final project
    11·1 answer
  • You are in the middle of an interview, and you feel like things are going horribly. The interviewer is asking questions that you
    8·2 answers
  • . If the company produces 5,000 fewer units than it sells in its second year of operations, will absorption costing net operatin
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!