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3 years ago

When a company uses the allowance method to measure bad debts, ________.

1 answer:

6 0

<span>When a company uses the allowance method to measure bad debts, </span><span>the amount of bad debts expense is estimated at the end of the accounting period.

The allowance method is used when adjusting accounts receivable on the balance sheet. This refers to amounts that have not been collected yet, such as bad debt.
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The monthly salaries of a sample of 100 employees were rounded to the nearest $10. They ranged from a low of $1,040 to a high o

lapo4ka [179]

i will say its c since it come close and touches thats one

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3 years ago

Characteristics of budgets include: (Check all that apply.) Multiple select question. a focus on the past. typically span a mont

const2013 [10]

Answer:

I. typically span a month, quarter or one year.

II. expressed in monetary terms.

III. formal statement of a company's plans.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year.

Basically, budgets are usually compiled, analyzed and re-evaluated on periodic basis such as monthly, quarterly or annually.

Some of the important characteristics of budgets include:

I. It typically span a month, quarter or one year.

II. It's expressed in monetary terms.

III. It's a formal statement of a company's plans.

Furthermore, some of the benefits of having a budget are; it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

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3 years ago

The relationship between these two entities is an example of: __________

n200080 [17]

Answer:

d. vendor-managed inventory.

Explanation:

Vendor Managed Inventory or in short, the VMI may be defined as a business model or a concept where the buyer of the product or a service provides the information to a vendor of the product while the vendor takes all the responsibility and agrees to maintain an agreed inventory of the product, which is usually at the buyer's or consumer's consumption location.

It is a inventory management practice for optimizing the inventory of products that is held by a distributor.

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2 years ago

Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they h

disa [49]

Based on the information give your forecast for period 7 is 40.

<h3>Forecast for period 7</h3>

Given:

Time-series trend equation=25.3+2.1x

Period=7

Let x present period 7

Hence:

Forecast for period 7 =25.3 +2.1(7)

Forecast for period 7 =25.3 +14.7

Forecast for period 7 =40

Inconclusion your forecast for period 7 is 40.

Learn more about forecast here:brainly.com/question/24730207

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2 years ago

Kirk Furniture factors $800000 of receivables to Sulu Factors, Inc. Sulu Factors assesses a 4% service charge on the amount of r

Simora [160]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $768,000

Service Charge Expense A/c $32,000

To Accounts Receivable A/c $800,000

(Being the cash is received and the remaining balance is debited to the cash account )

The computation of the service charge expense is shown below:

= Accounts Receivable × service charge percentage

= $800,000 × 4%

= $32,000

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3 years ago

When a company uses the allowance method to measure bad​ debts, ________.

When a company uses the allowance method to measure bad debts, ________.