The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.
The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.
learn more about doubtful account visit brainly.com/question/28944789
#SPJ4
Answer:
1.beliefs, actions
2.continue, receive
3.quit voluntarily, be terminated
4.terminate
5.violate
6.violate
7.did
Explanation:
The summary of the the composition above is about thomas who worked for non military arm of his company. He was then transferred to the military arm that specialises in the production of equipments for war.
Thomas then felt this was against his religious beliefs, and he reacted by by resigning from hi job. He applied for unemployment compensation with state but was denied.
This is against the rights of individuals irrespective of there beliefs
the following answers should suffice for the questions.
1.beliefs, actions
2.continue, receive
3.quit voluntarily, be terminated
4.terminate
5.violate
6.violate
7.did
Answer:
b. Diminishing marginal returns
Explanation:
According to the law of diminishing returns, as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
Due to the fact that Jim has seen the movie once, he would not derive the same level of satisfaction from watching the movie a second time. The utility he would receive from watching the movie a second time would be less than when he watched it a first time.
Answer:
Higher prices
Explanation:
Fixed prices are associated with higher prices for consumers
Answer:
Option (B) is correct.
Explanation:
Given that,
Issued preferred stock outstanding that pays dividend per year = $7.75
Current selling price = $68.19 per share
Required return = (Annual dividend ÷ Current price) × 100
= ($7.75 ÷ $68.19) × 100
= 11.37% (Approx)
Therefore, the required return is 11.37% if this issue currently sells for $68.19 per share.
