1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kumpel [21]
3 years ago
8

Click to watch the Tell Me More Learning Objective 3 video and then answer the questions below. 1. On April 4, a $2,000 account

receivable from J. P. Moore has been determined to be uncollectible. Using the direct write-off method, the entry to write off the account would include a __________ to __________..
Business
1 answer:
AleksandrR [38]3 years ago
4 0

Answer:

The correct answer is debit to Bad Debt Expense.

Explanation:

Taking into account the nature of both accounts, the registration of an account receivable is considered an asset taking into account that it is a callable value for the sale of products or services on credit, for which reason it is recorded in the debit to increase the company rights. In the exposed case, where the debt is considered uncollectible after exhausting many resources, the record is to recognize an expense (debit nature), against a credit to the account receivable with the objective of recognizing in the accounting the loss in the expense and the cancellation of the right in the asset.

You might be interested in
Indicate whether each of the following creates a demand for or a supply of European euros in foreign exchange markets:
andreyandreev [35.5K]

Answer:

See below.

Explanation:

A)

A US purchase of a European product will create demand for Euros as US authorities would have to use euros in the exchange for the airbus, meaning they would have sell US and buy Euros.

B)

The German firm needs to set up in US and thus would need the local currency to conduct its operations in Carolina, they will have to buy USD by selling euros and thus creating a euro supply.

C)

The college student will have to be using Euros and as such would need to exchange dollars for euros, crating a demand.

D)

As the products are shipped aboard a Liberian freighter, they would be paid by giving out euros in the foreign exchange market. This will create a supply of euros.

E)

When the US economy grows at a  faster pace, European citizens will invest in US securities or in USA in general thus creating a supply of euros as they buy USD for investments.

F)

As the US government pays interest to a European bond holder, it will create a demand for Euros as more USD will be exchanged for Euros to be paid.

G)

More people will speculate and invest in dollars as they fear euro losing value, this will create more supply of euro in the market as people look to invest elsewhere.

Hope that helps.

6 0
3 years ago
(1) Quality of products available in superstore.
Pavlova-9 [17]

Answer:

(1)B

(2)A

(3)B

(4)A

Explanation:

4 0
3 years ago
A family wishes to accumulate 50,000 i a college education fund by the end of 20 years. If they deposit 1,000 into the fund at t
Charra [1.4K]

Answer:651.73

Explanation:

1,000s20|0.07+Xs10|0.07= 50,000. Therefore,X=50,000-1,000s20|s10|=50,000-40,995.4313.81643= 651.73

8 0
3 years ago
Goal displacement, satisficing, and groupthink are:
Grace [21]

Goal displacement, satisficing, and groupthink are the<u> advantages of </u><u>group decision-making.</u>

Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.

During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.

Some of the advantages of the <em>group decision-making</em> include goal <em>displacement, satisficing</em>, and groupthink.

Read related link on:

brainly.com/question/25067788

6 0
2 years ago
Building a new mall what will be the input, the conversion, and the output
myrzilka [38]
In building a new mall,

The input would be : Labor,  All materials needed in building a mall

Conversion :  Building process

Output : The actual mall itself

hope this helps
6 0
3 years ago
Other questions:
  • “Choosing is Refusing” means individuals face an opportunity cost with each decision they make. Explain this further.
    12·1 answer
  • In what FBLA region is Arkansas included​
    6·1 answer
  • Absent government regulations to guard against​ fraud, why might top managers deceive investors about the true financial condi
    12·2 answers
  • Hylands is admitted to the partnership of Reddick &amp; Nole. Prior to her admission, the partnership books show Reddick's capit
    11·1 answer
  • Muhammad deposited $800 at the beginning of each quarter for 8 years into an IRA. Given an interest rate of 8% compounded quarte
    9·1 answer
  • g According to the CAPM, what is the expected rate of return for a stock with a beta of 1.2. when the risk-free rate is 6% and t
    11·1 answer
  • Which of these is LEAST LIKELY to determine credit worthiness? A) payment history B) length of employment C) personal health his
    9·2 answers
  • Which of the following is an example of specialization?
    14·1 answer
  • You are a business information expert and have been hired by the independent bookstore, Alexandria, to increase profits and effi
    8·1 answer
  • Advertising a home for sale in a minority area exclusively in a paper aimed at that minority group would most likely be regarded
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!