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guajiro [1.7K]
4 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]4 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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The underlying principle of a strategic approach to the study of retailing is that a retail firm needs to plan and revise its pl
sattari [20]

Answer:

The statement is: True.

Explanation:

At its basics, strategic approaches collect the sets of plans and steps companies must have to face changing environments, competition, and unexpected events that could arise during the course of conducting business. During that time, the approaches must be reviewed to adapt them to the current situation of the firm.

7 0
3 years ago
Molave Furniture Company plans to launch a new website. Lila, the company's CIO, thinks that the company can better reach its cu
dedylja [7]

Answer:

C) e-commerce

Explanation:

E-commerce is simply all the commercial transactions that a company carries out in the internet.

Lila should focus her e-commerce strategy in optimizing her customers' experience through an easily accessible website and a user friendly interface.  

8 0
3 years ago
Grandfather clocks have a particular market in auctions. One theory about the price at an auction is that it is higher when ther
anastassius [24]

Answer:

t value is 1.495

Explanation:

The null and alternative hypothesis are :

H0 : mu = 1327

ha: mu > 1327

This is a one tailed test

Critical value = 1.771

at 0.05 significance level with df = 14-1 = 13

test statistics:

s = 411.53, n = 14

t = (xbar -mu)/(s/sqrt9n))

= ( 1491.43 - 1327)/(411.53/sqrt(14))

= 1.495

Decision:

Reject H0 if tstat > 1.771

Fail to reject H0

5 0
4 years ago
How do you plan to use financial statements in your projected financial statement analysis? Provide rationale for your approach.
kotykmax [81]

Answer:

The financial statement provides the "raw materials" with which the financial performance of an organisation may be analysed.

The financials ratios not only monitor financial performance, but it also speaks to the quality of performance and serves as a basis to compare one period against the other.

The cashflows help to create a picture of the project's liquidity in each of the forecasted periods.

The Income statement helps to gauge the quality of the earnings per period and the balance sheet shows the economic position of the firm at the time under observation.

Cheers!

6 0
3 years ago
A manager buys three shares of stock today, and then sells one of those shares each year for the next 3 years. His actions and t
SSSSS [86.1K]

Answer:

a. The Geometric average return  is 1.72%

b. The Arithmetic average return is 1.75%

c. The Dollar weighted average return is 2.61%

Explanation:

a) In order to calculate the time-weighted geometric average return we would have to calculate first the Holding period return as follows:

Holding period return = (200 - 190) / 190 = 5.263%

Hence, Geometric average return = (1 + .05263)^(1/3) - 1 = 1.72%

b) To calculate time-weighted arithmetic average return we have to make the following calculation:

Arithmetic average return = 5.263% / 3 = 1.75%

c) To calculate time-weighted arithmetic average return we would have to make the following calculation:

Dollar weighted average return=-190*3 + 200/(1+r) + 200/(1+r)^2 + 200 / (1+r)^3 = 0

= 2.61%

5 0
3 years ago
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