Answer: The correct answer is "B, C, and D".
Explanation: All of these are corrects statements regarding the direct write-off method for calculating bad debt expense.
- This method is generally not consistent with GAAP and accrual accounting.
- Using this method generally causes an over estimate of accounts receivable in the company's balance sheet.
- One of the peculiarities of this method is that it only recognizes the expense for bad debts when a specific account is determined uncollectible.
The administration of upstream and downstream association's with providers and clients to convey better incentive at less cost than the inventory network all in all.
Answer:
The Journal entry is as follows:
Bonds payable A/c Dr. $375,000
To Discount on Bonds payable $40,000
To Gain on redemption of the bonds $15,000
To Cash $320,000
(To record the redemption of the bonds)
Workings:
Gain on redemption of the bonds:
= Bonds payable - Discount on Bonds payable - Cash
= $375,000 - $40,000 - $320,000
= $15,000
Informal or indigenous bookkeeping system is defined as the system where a user makes only one entry to enter a business financial transaction. This is regarded as a “single
entry system”. The type of services they rovide include a daily summary of cash receipts and a monthly record of
receipts and expenses.
An efficiency-based multicriteria strategic planning model
can solve personnel shortages in the Ambulatory Surgery Centers. The plan will
focus on perfectly matching the resources to the increased demand to adequately
and effectively respond to the need.
You will need to research on the most cases that the
Ambulatory Surgery Center requires manpower. The goal will be to identify which
cases require similar care so that a healthcare personnel can strategically and synchronously cater to more
patients with similar healthcare needs requiring less time and effort to
complete tasks. A research identifying which cases need constant, extended or periodic care will also be needed to determine the average number of personnel is needed.
A successful plan will reflect an adequate healthcare team able to efficiently respond to the responsibilities in the Ambulatory Surgery Center.
