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3 years ago

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

1 answer:

6 0

When a company uses the allowance method to measure bad debts, 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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Suppose the price of university sweatshirts increases from $10 to $20 and the quantity supplied increases from 20 to 30. The pri

riadik2000 [5.3K]

Answer:

0.60

Explanation:

The midpoint formula is used to calculate elasticity by using average percentage in both price and quantity.

The formula is given below:

Percentage change in quantity = (Q2 -Q1) x 100

(Q2 + Q1) / 2

Percentage change in price = (P2 -P1) x 100

(P2 + P1) / 2

Elasticity = Percentage change in price__

Percentage change in quantity

Inserting the data:

Percentage change in quantity = (30 -20) x 100 = 10 x 100 = 40%

(30 + 20) /2 25

Percentage change in price = ($20 - $10) x 100 = 10 x 100 = 66.6%

($20 + $10) /2 15

Elasticity of supply = 40%

66.6%

= 0.60

3 0

3 years ago

During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income

gladu [14]

Answer:

b. False

Explanation:

LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.

So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

7 0

3 years ago

Pedregon Corporation has provided the following information:

Ulleksa [173]

Answer:

$22,750

Explanation:

Data provided

Fixed manufacturing overhead = $16,500

Units produced = 5,000

Variable manufacturing overhead = $1.25

The computation of the total amount of manufacturing overhead cost is shown below:-

Manufacturing overhead = Fixed manufacturing overhead + Variable manufacturing overhead

= $16,500 + (5,000 × $1.25)

= $16,500 + $6,250

= $22,750

5 0

4 years ago

During the final or phaseout stage of the project life-cycle, __________ is the dominant goal of many project managers.

Anarel [89]

During the final or phaseout stage of the project life-cycle, scope is the dominant goal of many project managers.

6 0

3 years ago

A company’s retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cas

Alex Ar [27]

Answer:

C. $454,000.

Explanation:

We know that

The ending balance of retained earnings = Opening balance of retained earnings + net income - dividend paid

$375,000 = $0 + net income - $79,000

So, the net income would be

= $375,000 + $79,000

= $454,000

The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning

6 0

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, ________.