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3 years ago

Under the allowance method, when a specific account is written off

1 answer:

5 0

When engaging to the allowance method, when there is a presence of having to written off a specific amount in the allowance method, what would likely happen is that there will be no change in terms of the total assets so the likely answer is letter a.

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Governor of central bank of Nigeria

Oduvanchick [21]

Answer:

Godwin Emefiele

Explanation:

Governor - Since 6/3/2014. Godwin Emefiele is the Governor of the Central Bank of Nigeria (CBN).

5 0

3 years ago

Southern california publishing company is trying to decide whether or not to revise its popular textbook, financial psychoanalys

steposvetlana [31]

If the company requires a return of 10 percent for such an investment, calculate the present value of the project.

The present value of the project is $72349.51.

Since we consider only incremental cash flows for a project, we consider $21,600 for year one and calculate a 4% increase for each of the additional years.

We then calculate the Present Value Interest Factor (PVIF) at 10% for four years using the formula :

PVIF = 1 / [(1+r)^n]

Next, we find the product of the respective cash flows and PVIF for each year.

Finally, we find the total of the discounted cash flows for the four years to find the Present Value of the project.

8 0

3 years ago

What is one major measure of economic growth?

Olegator [25]

Answer:

yo mama

Explanation:

<h2>yo mama's so ugly, she made a blind kid cry.</h2>

4 0

3 years ago

When analyzing the key elements of a country's economic environment, it is best to apply a systems perspective?

Alenkasestr [34]

True. When you analyze the key elements of a country's economic perspective environment, it is best to apply a systems perspective. When you follow the systems perspective you should be taking all of the behaviors, attributes and actions of a system when it's in its environment. instead of individualizing people and things within, it's an overall evaluation of the system.

4 0

3 years ago

The ledger of Marin Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.

Amanda [17]

Answer:

Explanation:

The adjusting entries are shown below:

1. Prepaid insurance expense A/c Dr $280

To Prepaid insurance A/c $280

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $3,005 ($3,970 - $965)

To Supplies A/c $3,005

(Being supplies adjusted)

3. Depreciation Expense A/c Dr $190

To Accumulated depreciation $190

(Being depreciation expense is adjusted)

4. Unearned service revenue A/c Dr $4,680 ($11,700 × 2 ÷ 5)

To service revenue $4,680

(Being unearned service is adjusted)

4 0

4 years ago