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
Paul [167]
4 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]4 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>

You might be interested in
Workhorse Air Crane Corporation employs aircraft mechanics, computer programmers, outside salespersons, and professionals, inclu
xenn [34]

Workhorse Air Crane Corporation employs aircraft mechanics, computer programmers, outside salespersons, and professionals, including pilots. Employees exempt from the Fair Labor Standards Act's overtime provisions include all of the following except​ (A) aircraft mechanics

Explanation:

Section 13(a)(1) of the <u>Fair Labor Standards Act's-FLSA</u> provides an exemption from both minimum wage and  overtime pay for employees who are employed as<u> bonafide executive, administrative, professional and  outside sales employees. </u>

Section 13(a)(1) and Section 13(a)(17) of <u>Fair Labor Standards Act's </u>also exempt certain computer  employees.

To qualify for exemption under the <u>Fair Labor Standards Act</u> , employees generally must meet certain tests regarding their  job duties and be paid on a salary basis at not less than $684* per week.

6 0
3 years ago
Which country, of those listed below, has the lowest percentage of women in senior management?
OLEGan [10]
As there is no countries listed but the percentage of women in senior management of some countries are as follows:
<span>Women in senior management in China = 50%
Women in Senior management in Poland = 48%
In Germany = 30%
and in United States = 20%
Now you can see that which country has lowest percentage of women in senior management and that is United States.</span>
8 0
3 years ago
If a buyer has a critical or more important use of the product then the inelasticity of the demand increases. what factor is aff
Ghella [55]

If a buyer has a critical or more important use of the product then the inelasticity of the demand increases, then it is the importance of the product affecting elasticity.

A product is considered inelastic if its demand remains static even if there is a significant price change. It is generally the basic necessity product that are considered as inelastic product. Inelastic demand of the product ensures the adequate supply of goods. In inelastic demand case the quantity demanded is same despite the change in price and the demand curve is graphed out as a vertical line. These goods have no substitutes ensuring the quantity demanded remains unaffected.

In case of fall in the price, the demand remains same, generating less revenue. On the other hand, if price hikes, the business earns significant profit.

To learn more about inelastic demand click here:

brainly.com/question/13572905

#SPJ4

3 0
1 year ago
What are things you can do to manage the risks in your life to reduce any financial losses?
son4ous [18]
You can create a budget plan to cut out the risks of any unneeded financial expenses and to know that you should pay for things you need before you pay for unneeded items.
7 0
4 years ago
In Jackson Jones Company, land decreased $270,000 because of a cash sale for $270,000, the equipment account increased $90,000 a
marin [14]

Answer:

The answer is D. $180,000

Explanation:

Investing activities is about spending on long term asset or long term investments.

Under investing activities in cash flow, what constitutes inflow is the sales of these long term assets like plant and machinery and what constitutes outflow is the purchase of these assets.

In this question, the inflow is the sale of equipment which us $270,000 and outflow is the purchase of equipment for $90,000.

So net cash flow from investing activities is:

$270,000 - $90,000

=$180,000

5 0
3 years ago
Other questions:
  • Barlow Company manufactures three products—A, B, and C. The selling price, variable costs, and contribution margin for one unit
    11·1 answer
  • The management of prime manufacturing is implementing a plan to minimize production mistakes by allowing teams that work in each
    8·2 answers
  • Last year Baron Enterprises had $350 million of sales, and it had $270 million of fixed assets that were used at 65% of capacity
    14·1 answer
  • Athleisure, Inc. sells athletic gear by sending customers a catalog nine times a year. The company has no retail stores or websi
    10·1 answer
  • What makes government contracts unique?
    14·2 answers
  • ALT Inc. conducts periodic reviews of the distribution of pay and the favorable outcomes granted to employees, such as promotion
    14·1 answer
  • "Tom, at Bode Corporation we align our individual goals with the company's goals.
    11·2 answers
  • Some companies require multiple interviews as part of their hiring processes.<br> True<br> False
    5·1 answer
  • You are in the process of preparing the final draft of an important proposal. Accuracy will be extremely important to the succes
    14·1 answer
  • According to porter, the three competitive positions that businesses pursue to gain and maintain competitive advantage in produc
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!