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Paul [167]
3 years ago
14

Accrual accounting requires that the cost associated with the failure of credit customers to pay their bills should be recorded

as an expense in the period when:_____________
Business
1 answer:
Pepsi [2]3 years ago
5 0

Answer:

Explanation:

Failure of credit customers to pay their bills is considered a bad debt in Accounting. This is recored as a bad debt expense in journal entries in the <em>period when the credit sale occurred</em>. This ensures that these bad debt expense matches the revenues earned during that period. In a company's financial statements, bad debt expense is recorded in the Income statement as <em>selling expenses.</em>

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A company received a bill for newspaper advertising services, $350. The bill will be paid in 10 days. How would the transaction
creativ13 [48]

Answer:

d. Debit advertising expense $350, credit accounts payable $350

Explanation:

The advertising expense should be recognized when the economic event occurs, in this case recibing the bill, independently of its payment. This is done with a debit because expenses increase by debits. The credit account is a liability: account payable, which represents an increased on liabilities.

6 0
3 years ago
Cover Board Inc. is a company that designs and prints advertisements on coffee sleeves used on cups sold in coffee shops. To fin
Delicious77 [7]

Answer:

The correct answer is: C. Personal selling

Explanation:

The personal sale is a tool of the promotional mix or type of sale where a particular seller offers, promotes or sells a product or service to a particular individual consumer directly.

It is based on a personal communication since it goes from one person (the seller) to another person (the potential customer or buyer), unlike for example advertising, which uses impersonal means since it is addressed to several consumers at the same time.

Personal selling is the most effective way to sell a product and to get a satisfied customer with the possibility that he can repeat the purchase or recommend the product or the company to other consumers.

5 0
2 years ago
Read 2 more answers
Dollar-cost averaging means that you buy equal dollar amounts of a stock every period, for example, $500 per month. The strategy
lana [24]

Answer:

Read the explanation below

Explanation:

Dollar-cost averaging is based on the belief that prices of stock fluctuate around a normal level.  Without this notion, it will not be possible to determine what can be seen as high or low now compared to the future.

The benefits of Dollar Cost Averaging attracts investors to employ. These benefits include:

1. It contributes on a regular basis to portfolios of investment.

2. The problem of market timing is eliminated especially for investors do not have time to track the market regularly or who lack the understanding of the market.

3. The cost basis to consumers on stocks whose values decline are is reduced.

4. It is easy to set up and not expensive especially for investors with no huge amount of money to invest. Like the example in the question, it easier for a salary earner to invest $500 monthly than investing $5,000 in a day.

Despite these advantages, dollar-cost averaging has its own disadvantages, and these include:

1. It has been found out in different studies that investor that can time the market correctly and invest a lump sum amount receive a higher return in the long run than what dollar-cost averaging can fetch.

2. The transaction costs paid by the investors significantly increased because of more number of different transactions when brokerage fee is high.

I wish you the best.

7 0
2 years ago
The opportunity cost of doing or getting something is best and fully defined as:
Marysya12 [62]

Answer: The correct answer is C. The value of the best alternative that is given up in order to do or get something.

Explanation: Opportunity cost literally means alternative thing forgone - meaning what is given up to get something <em>(sacrifice</em>). It is a concept used by economists to allocate limited resources for production, consumption, distribution and exchange of goods and services. Production of goods or services entails the creation of value. In other words, it gives a more understanding on how limited resources are allocated in order to satisfy the human insatiable desires.

For example, a student may be constrained with limited amount of pocket money, say $100 and the student wants to buy textbooks that cost $10 each or go for different outings going for $20 each. In this scenario, the student has different options: a) buy 10 textbooks and 0 outing b) buy 8 textbooks and a outing c) 6 textbooks and two outings d) 4 textbooks and three outings e) 0 textbooks and five outings. For the student to have any more of the other, he has to give up the other unit. What is given up is called opportunity cost.

6 0
3 years ago
What minimum value of ma will keep the system from starting to move?
Andreyy89

Answer:

Explanation:

Block on the table m(A) = m1,

block on the cord m2,

the coefficient of static friction is k1=0.4,

the coefficient of kinetic friction is k2 =0.28

(a)

Block A:

T = F(fr) = k1 •N = k(s) • m1 •g,

Block B: T = m2•g.

k1 • m1 •g= m2•g,

m1 = m2/k(s) = m2/0.4.

(b)

Block A:

T = F(fr) = k2 •N = k2 • m1 •g,

Block B:

T = m2•g.

k2• m1 •g= m2•g,

m1 = m2/k2 = m2/0.28.

6 0
2 years ago
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