The direct write-off method of accounting for uncollectible accounts
<u>d. is not generally accepted as a basis for estimating bad debts.</u>
Explanation:
- A method for recognizing bad debts expense arising from credit sales. Under this method there is no allowance account.
- Rather, an account receivable is written-off directly to expense only after the account is determined to be uncollectible.
- One method of recording the bad debts is referred to as the direct write off method which involves removing the specific uncollectible amount from accounts receivable and recording this as a bed debt expense in the income statement of the business.
- The mechanics of the allowance method are that the initial entry is a debit to bad debt expense and a credit to the allowance for doubtful accounts (which increases the reserve).
- The allowance is a contra account, which means that it is paired with and offsets the accounts receivable account
Answer:
A. Factors associated with market risk.
Explanation:
Inflation, recession, and high-interest rates are economic events that all investors need to be aware of. Diversification can lower these risks, but does not eliminate them. They generally are beyond the control of investors, but they should always be considered by security analysis, portfolio managers, and stockbrokers. They are not irrelevant in any way, shape, or form. Everything done with stocks, bonds, and mutual funds should be coordinated based on inflation, recessions, and high interest rates.
Answer:
D. to limit Soviet influence after the war
Explanation:
The Marshall Plan was to help all non-communist governments with their rebuilding of not only infrastructures but also economies. This was put in place to limit the spread of communism, the other leading economic order at the time.
If a firm can raise the market price by reducing its output, then It faces a downward-sloping demand curve.
If a superbly aggressive company increases its rate above the prevailing market fee, it'll lose its entire marketplace proportion, and income will lessen to 0.
Monopolists aren't allocatively efficient, due to the fact they do not produce at the amount wherein P = MC. As a result, monopolists produce less, at a higher average cost, and rate a higher price than could a combination of firms in a superbly competitive enterprise.
The monopolist will choose the income-maximizing degree of output in which MR = MC, and then fee the fee for that quantity of output as decided by using the marketplace call for curve. If that rate is above average fee, the monopolist earns high-quality earnings.
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Answer:
Recruitment, selection ,employment
Explanation:
The staffing system components model occur in this stage that is <em>Recruitment, Selection, Employment </em>, after the initial interaction between the applicant and the organization .
<em>Staffing refers to filling the empty space or finding the appropriate person for the empty space or job.</em>
<u>The staffing function has three elements which are mentioned below-</u>
1. Recruitment
2. Selection
3. Training
<u>The stages of staffing function are -</u>
1. Estimating man power requirement
2. Recruitment
3. Selection
4. Placement and orientation
5. Training and development
6. Performance Appraisal
7. Promotion and career development
8. Compensation
