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Nookie1986 [14]
4 years ago
8

On October 12 of the current year, a company determined that a customer's account receivable was uncollectible and that the acco

unt should be written off. Assuming the direct write-off method is used to account for bad debts, what effect will this write-off have on the company's net income and total assets?
a. Decrease in net income; no effect on total assets.
b. No effect on net income; no effect on total assets.
c. Decrease in net income; decrease in total assets.
d. Increase in net income; no effect on total assets.
e. No effect on net income; decrease in total assets.
Business
1 answer:
juin [17]4 years ago
4 0

Answer:

Correct option is C.

<u>Decrease in net income; decrease in total assets.</u>

Explanation:

Under write off under direct method, Entry should be

Bad debt expense debit and account receivable credit

So effect is decrease net income, and decrease total assets .

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Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a
jasenka [17]

Answer:

Return on investment will be 9.38 %

So option (c) will be correct option

Explanation:

We have given purchase price = $60

Dividend received = $0.63

Selling price = $65

We have to find the return on investment

We know that return on investment is given by

Return in investment =\frac{selling\ price-purchase\ price+dividend\ received]}{purchase\ price}=\frac{65-60+0.63}{60}=0.0938=9.383 %

So return on investment will be 9.38 %

So option (c) is the correct option

5 0
3 years ago
A key difference between affirmative action and diversity is that _____.
attashe74 [19]
A key difference between affirmative action and diversity is that <span>diversity has a broader focus, while affirmative action does not. 

Affirmative action is an action that is favoring someone that faces discrimination regarding employment or education. Affirmation action helps with positive discrimination. Diversity is the range of different people and credentials each person has. Being diverse in an organization is what helps keep the company running smoothly with different options and outlooks on how to properly go about things. 
</span>
6 0
3 years ago
accenture is involved in the transformation of an organization into a data driven and intelligent enterprice. which ability does
Vlad [161]

Group of answer choices.

A. to collect exabytes and zettabytes of data from different sources

B. to gather, re-organize, and store different categories of all raw data for easy and faster retrieval

C. to store large amounts of data including raw and unorganized facts

D. to capture, curate, and consume the right data sets

Answer:

B. to gather, re-organize, and store different categories of all raw data for easy and faster retrieval

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to effectively and efficiently create, store, modify, retrieve, centralize and manage data or informations in a database. Thus, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

Generally, a database management system (DBMS) acts as an intermediary between the physical data files stored on a computer system and any software application or program.

Hence, a software that enables the organization to centralize data, manage the data efficiently while providing authorized users a significant level of access to the stored data, is called a Data Base Management System (DBMS).

One of the world's largest management and technological consulting company that provide services such as database management, consulting, strategy and outsourcing is Accenture.

Basically, Accenture help businesses in the implementation of data governance and management policies so as to ensure their data is trustworthy and reliable.

Thus, they're involved in the strategic transformation of an organization, business firm or company into a data driven and intelligent business enterprise.

Hence, the ability accenture need to ensure the organization has to become a successful business​ is to engage in the gathering, arrangement or reorganizing, and storage of different categories of all raw data for easy, effective, efficient and faster retrieval.

7 0
3 years ago
On March 1 the price of a commodity is $1,000 and the December futures price is $1,015. On November 1 the price is $980 and the
stich3 [128]

Answer:

$1,014

Explanation:

The computation of effective price received by the company for the commodity is shown below:-

Here for computing the Effective price received first we need to find out the profit on future contract which is here below:-

Profit on future contract = Futures prices of Nov 1 - Dec Future prices Dec

= $1015 - $981

= $34

Effective price received = November Price + Profit on future contract

= $980 + $34

= $1,014

5 0
3 years ago
How many years do you have to live in A house to break even on closing costs
WINSTONCH [101]

Answer:

About 5-7 years.

Explanation:

6 0
4 years ago
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