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guajiro [1.7K]
3 years ago
10

Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously

written off would include aA. credit to Bad Debt ExpenseB. credit to Accounts ReceivableC. debit to Allowance for Doubtful AccountsD. debit to Accounts Receivable
Business
1 answer:
nasty-shy [4]3 years ago
3 0

Answer:

D) Debit to Accounts Receivable

Explanation:

If you want to reinstate a specific receivable previously written off you need to do the opposite accounting entry at when the written off was made.

Previously was made a credit in the accounts receivable to deduct the amount of the bad debt, the opposite would be to make a debit in the Accounts receivable ot reflect the reinstanted value.

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Answer:

3,000

Explanation:

As the income will be taxed at 25% the income tax liability will be for that amount

12,000 x 25% = 3,000

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The accounting reason for this treatment is to match expenses with the time they occur or the revenues which generated.

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aalyn [17]

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Explanation:

Cover letters are meant to introduce the applicant for the role in a manner that would inspire the recruiter to want to take their applicant further in the recruitment process.

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Why did the housing market crash in 2008
Komok [63]
Because the banks were down
8 0
3 years ago
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on october 1, the beginning of the new term, Davis institite, a private school, recieves $168,500 in tuition for the upcoming se
Aneli [31]

The correct answer is $126,375.

If the term is four months long and Davis institute receives $168,500 in tuition for the four months then they receive $42.125 per month. You can calculate this by dividing $168,500 by 4, which equals $42,125. Three of the months are in the first fiscal year, so 3 months worth of revenue will be allocated to that year. $42,125 x 3 = $126,375.

8 0
2 years ago
If Zephyr Electronics obtains an 18 percent return on invested capital, which of the following willhelp determine if it has a co
nika2105 [10]

Answer:

A) comparing the return to the return on invested capital obtained by other firms in the industry.

Explanation:

A firm that has developed a competitive advantage over its competitors will to able to either produce the same amount of output using fewer resources, or produce higher output using the same resources than its competitors. A competitive advantage means being more efficient.

So if we want to determine if Zephyr Electronics 18% return on invested capital (ROIC) provides them a competitive advantage over its competitors, we have to compare Zephyr's ROIC with the ROIC of the rest of the major firms in the industry.

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