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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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Which of the following statements regarding the center of gravity method is false

grigory [225]

Answer:

Consider the following explanation

Explanation:

False statement are as follows,

A) It is designed to minimize the maximum possible travel distance to any location

This statemet is false

Explanation- Center of gravity has nothing to do with travel distance or any kind of diisplacement. Following sentence is used in cargo industry ffor effieicent transportation.

C) And D) Are also false

Explanation- They are also a part of cargo management hence cannot be used in center of gravity method.

Only Option B) Is correct

8 0

3 years ago

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginn

yKpoI14uk [10]

Answer: $22000

Explanation:

The amount of Superior's dividend declarations during its recent year of operation will be calculated thus:

Ending retained earnings ($91000) = Beginning retained earnings ($75000) + Net income ($38000) - Dividend declared

$91000 = $113000 - Dividend declared

Dividend declared = $113000 - $91000

Dividend declared = $22000

Therefore, Superior's dividend declarations during its recent year of operation is $22000

7 0

3 years ago

You want to start your own consulting business and believe it could produce cash flows of $5,600, $48,200, and $125,000 at the e

Inessa05 [86]

Answer:

This business idea worth $430,127 today

Explanation:

Today value of the future cash flows can be calculated by discounting the cash flows on the given discount rate. It is called the present value and sum of present value of all cash flows is called Net present value.

We use following format to calculate NPV for the given business idea

Years 1 2 3

Cash Flows $5,600 $48,200 $125,000

Sale Proceeds $450,000

Net Cash Flows $5,600 $48,200 $575,000

Discount Factor 14% 0.8772 0.7695 0.6750

Present values $4,912.32 $37,089.9 $388,125

Net present value of business idea = $4,912.32 + $37,089.9 + $388,125

NPV = 430,127.22

3 0

3 years ago

The quantity sold in a market will decrease if the government decreases aA. binding price floor in that market.B. binding price

Pavlova-9 [17]

Answer: B

Explanation:

Price ceiling is the highest authorized price that could be charged by sellers for a good.

Prices received by sellers will be reduced if government would bring down authorized price in the market.

5 0

3 years ago

Certain types of contracts must be in writing pursuant to the statute of _____.

marta [7]

Certain types of contracts must be in writing pursuant to the statute of "frauds".

A state statute that necessitates certain kinds of agreements to be written, expected to guarantee that terms of imperative contracts are not overlooked, misconstrued, or fabricated, reason for this is to smother misrepresentation, fraudulent cases, some of the time envisioned in light of ensuing occasions or basically invoked.

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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, ________.