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Over [174]
3 years ago
12

Writing off an uncollectible account affects ________ under the allowance method.

Business
1 answer:
Flura [38]3 years ago
3 0
Writing off an uncollectible account affects only balance sheet accounts under the allowance method. 
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James purchased liability insurance with a $100,000 limit from insurer A. To add more coverage, he bought a second liability pol
padilas [110]

Answer:A. $24,000

B. 36,000

Explanation:

The loss incurred by James is less than his coverage with each of the insurer.

The sum is apportioned on pro rata basis on the ratio of total insured.

$100,000 + $150,000=$250,000

A share is $100,000/$250,000/* $60,000

A= $24,000

B= $100,000/$250,000*$60,000

= $36,000

8 0
3 years ago
Question #5
andrey2020 [161]
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3 0
2 years ago
Anderson Products Inc., a large conglomerate, took over a small startup company that had made some breakthrough innovations in t
Whitepunk [10]

Answer: Acquisition

Explanation:

 The Acquisition is one of the type of method that helps in acquiring the various types of business strategies for manage the business for achieving the given target.

 The main objective of the acquisition in the business is that it helps in achieving the desirable goal and helps in finding the various types of strengthening characteristics of the firm.

According to the given scenario, the Andersen products Inc, is one of the small startup based company and they gaining the access for managing the organization technology and also the human capital.

Therefore, This transactional process is refers as the acquisition method.  

4 0
3 years ago
Define incentive. Provide an example of a financial and a non financial incentive....
Montano1993 [528]

An incentive is a thing that motivates or encourages one to do something.

Financial incentives can include things like bonuses, raises, paid time off, and other things that involve money.

Non-Financial incentives include things like recognition, respect, career development opportunities, retirement planning assistance, improved work environment, etc.

7 0
3 years ago
Read 2 more answers
The following proceeds received by Grove City in year 1 are legally restricted to expenditure for specified purposes: Donation b
tatiyna

Answer:

The $1,200,000 should be accounted for in Grove’s special revenue funds

Explanation:

Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.  

The computation of special revenue funds is shown below:

= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district

= $300,000 + $900,000

= $1,200,000

4 0
3 years ago
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