Answer:
Allegheny will report $5,800 as Uncollectible Accounts Expense on its Year 2 income statement.
Explanation:
Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.
Allowance for Doubtful Accounts is estimated as $4,000 for year 2
Before Adjustment year 2
Allowance for Doubtful Accounts Balance = $2,400 credit - $4,200 = $1,800 debit
Account receivable balance = $54,000 - $4,200 = $49,800
As Allowance for Doubtful Accounts already have debit balance of $1,800, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $4,000 at the year end.
Adjustment Value = $4,000 + $1,800 = $5,800
Answer:
<em>The pre-emptive right of a common stockkolder is the reight to share proportionately in any new issues of stock of the same class. Letter B</em>
Explanation:
The pre-emptive right is a right belonging to existing shareholders of a corporation to avoid a involuntary dilution of their ownership stake by giving them the chance to buy a proportional interest of any future issuance of common stock.
Answer:
d) partly a variable cost and partly a fixed cost.
Explanation:
CVP income statement is also known as cost volume profit income statement, it is generally a product of CVP analysis and it include five elements:
- Price of products.
- Volume of activity.
- Variable cost per unit.
- Total fixed cost.
- Mix of product sold.
CVP analysis are conducted to know how changes in cost and volume would impact company´s operating income and net income. It require all the cost of company should be segregated into variable and fixed cost. It also calculate contribution margin, which help to identify the profit of company before deducting fixed cost.
The kind of power that the project manager should try to use in this type of situation is an: expert power.
A project manager refers to an individual who is saddled with the responsibility of planning, controlling, maintaining, and managing a group of people (team members) that are working under him or her, especially for the execution of a project.
In Project management, a project manager has different kinds of power and these include:
- Formal (legitimate) Power
Expert power is one of the most effective kinds of power and it is typically possessed by a project manager that is a professional (expert) in a particular subject, field or project.
Since the project manager is working in a weak-matrix organizational environment and has no power or budget to reward her team members, she should use her expert power to oversee the complex custom CSM solution project.
In conclusion, the kind of power that the project manager should try to use in this type of situation is an expert power.
Read more on expert power here: brainly.com/question/25622349
Answer:
a.An increase in cash flows from operating activities
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets such as inventory, accounts receivables etc, (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. A decrease in assets (other than cash) is an inflow of cash while a decrease in liabilities is an outflow of cash.
