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zmey [24]
3 years ago
9

Buttercup Florist uses the allowance method to account for uncollectible accounts. Unable to collect a $150 account from a custo

mer, Buttercup determined it was uncollectible. How would the write-off of this account affect the elements of the company's financial statements?
Business
1 answer:
ANEK [815]3 years ago
7 0

Answer:

B. NA = NA + NA NA ? NA = NA NA

Explanation:

Since in the question it is given that the Buttercup Florist uses the allowance method for accounting the uncollectible accounts due to which the company is able to collect $150 from the customer

So this transaction does not affect the financial statements as on one side the asset side is decreased and on the asset side there is an increase in account receivable due to decrease in allowance for doubtful accounts

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The five considerations that should be considered when performing a sterile dressing change are the following;
- hands should be clean before performing the sterile dressing change
- materials should be checked as well as its expiration date
- the area where the dressing should be placed must be checked and clean
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4 years ago
A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members.
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The main problem with this team seems to be centered around differences in the formality of structure.

Cross-functional Work Team

This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.

Problems with Cross-functional Team

There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.

Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.

Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.

Learn more on cross-functional team here: brainly.com/question/1490525

5 0
2 years ago
If a profit-maximizing, competitive firm is producing a quantity at which marginal cost is between average variable cost and ave
Murljashka [212]

Answer:

a. keep producing in the short run but exit the market in the long run.

Explanation:

To answer the question, there is a need to look at the effect of the situation on the firm both in the short- run and the long-run

Short Run Effect

The Marginal cost is between average variable cost and average total cost. The business can still continue producing goods because the quantity being produced is still able to cover the average variable cost. This means that the firm is still able meet its variable costs by setting the price of its goods to its marginal cost which is an amount greater than its average variable cost.  

Long Run Effect

However, in the long-run the company will begin to have issues even meeting other important costs such as the fixed costs associated with production and as such, the firm will need to exit the market in the long run. For instance the cost of long term loans (principal and interest) may not be covered by the net income of the firm.  

5 0
4 years ago
Dan, Francis, and Pedro were on a team at their engineering company. Though Dan had the most experience of the three, he did not
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Answer:

Shared.

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4 years ago
Read 2 more answers
The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment
zysi [14]

Answer:

(a) $921,100

(b) $643,500

(c) $567,700

Explanation:

(a) Cost of goods sold:

= Sales - Gross profit

= $1,261,800 - $340,700

= $921,100

(b) Direct Material Cost:

= Materials purchased - Indirect materials - Materials inventory

= $643,500 - $46,700 - $46,700

= $643,500

(c) Direct labor cost:

= Total manufacturing costs for the period - Direct materials - factory overhead (Indirect labor + Indirect materials + Other factory overhead)

= $1,393,000 - $643,500 - $181,800

= $567,700

5 0
4 years ago
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