The following transactions were completed by the company.

An auditor noted that the accounts receivable department is separate from other accounting activities. Credit is approved by a s

Rus_ich [418]

Answer: Option (A) is correct

Write-off refers to accounting term that curtails the amount of an asset while synchronously soliciting liabilities. It is principally utilized in its literal term by organizations seeking to rationalize unpaid loan obligations,receivables, or losses. Delinquent account refers to a credit account, where a individual has be found lacking to make at least the minimum monthly payment.

Therefore, Write-offs of delinquent accounts could be viewed as the internal control deficiency of the given organization.

4 0

3 years ago

What recommendation(s) do you have for Alikay Naturals to improve or replace Moisturizing Black Soap Shampoo?

Gelneren [198K]

Nothing much more more and e

3 0

4 years ago

Polly sells goods to customers in exchange for a $10,000 noninterest-bearing note due in 3 years. The interest rate on this type

Irina-Kira [14]

Answer:

present value = $8396.19

Explanation:

given data

cash flow = $10,000

rate r = 6 %

time period t = 3 years

to find out

present value of the note

solution

we get here present value that is expressed as

present value = $\frac{cash\ flow}{(1+r)^t}$ ....................1

put here value and we will get present value

present value = $\frac{10000}{(1+0.06)^3}$

solve it we get

present value = $8396.19

7 0

3 years ago

ProDairy Inc reduced the prices of its products to combat competitors that were selling dairy products at lower prices. This sce

Vinvika [58]

Answer:

task environment

Explanation:

It can say that based on the information provided within the question this scenario illustrates a force present in the task environment of an organization. This term refers to different conditions caused by third party factors such as supplies and distributors that directly affect the organization as well as how successful it is in achieving it's goals. Which in this scenario the task environment component affecting them are their competitors.

If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

a firm in a perfectly competitive industry is producing 1000 units of output and earning revenues of 50000. At that level of out

hram777 [196]

Answer:

Increase quantity to where AC = MC = D=AR=MR

Explanation:

A perfectly competitive market is where there are many firms in the industry producing homogeneous products. There is ease of entry and exit into and out of the market. They are price takers and earn normal profits in the long-run. In order to maximize profits, a firm in a perfectly competitive industry should produce an the quantity where its average cost is equal to marginal cost when AR = MR = D. In other words, when the AC and MC curves intersect with AR = MR = D curve.

Please refer diagram

The firm is currently producing at a point where AC > MC at quantity 1000. In order to reach AC = MC, the firm has to increase its quantity to Qe. As it increases quantity, although marginal cost increases, average cost falls because now fixed costs are spread over a larger quantity of output.

At Qe, the three curves intersect and is the point where this firm can maximize its revenue (Price = Pe). At a price higher than this, it would lose customers since there are many others producing the same product and customers can easily shift to another.

7 0

3 years ago