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2 years ago

The method that uses a certain percentage of each year's net sales to estimate the uncollectible account is called the:

Business

1 answer:

allsm [11]2 years ago

3 0

Answer:

Percentage of net sales method

Explanation:

By using the percentage of net sales method, a business assumes that a certain percentage of the year's net sales will be uncollectible. This method relies on historical correlation between sales and uncollectible account from previous periods and can be highly reliable if a strong correlation can be observed.

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________ emphasizes motivating the worker through the characteristics of the job itself. Select one: a. Automation b. Job enrich

LenKa [72]

Answer:

B. Job enrichment

Explanation:

Job enrichment is a type of job design that emphasizes on motivating the employees by designing a job to have interesting and challenging task, which usually tend to require more skill and can increase pay. It focuses on giving an employee additional responsibilities which have previously been slated to be done by his manager or higher ranking staff.

This motivates one's self (employees) by allowing for the opportunity to use one's (employees) ability to the fullest.

4 0

2 years ago

Read 2 more answers

Jennings Co. has total assets of $433.0 million. Its total liabilities are $114.5 million. Its equity is $318 million. Calculate

olasank [31]

Answer: 26.4%

Explanation:

The debt ratio is used to show how much of the company's assets is funded by debt.

It is calculated by the formula:

= Total liabilities / Total assets

= 114.5 / 433.0

= 0.2644

= 26.4%

4 0

2 years ago

On December 31, Year 1, Ott Co. had investments in marketable debt securities as follows: Amotized Cost Market value Mann Co. $1

Ahat [919]

Answer:

$29,000

Explanation:

The Held-to-maturity securities to be carried at amortized cost

The available-for-sale & trading securities to be carried at fair value (FV).

Therefore, the investment portfolio is reported at the following amounts:

Mann Co. $10,000 (Cost)

Kemo, Inc. $10,000 (Fair value)

Fenn Corp. $9,000 (Fair value)

Total $29,000

So, Ott's December 31, Year 1, balance sheet should report total marketable debt securities as $29,000

7 0

3 years ago

You have been offered an investment that will pay you a lump sum of $30,000 25 years from today, along with a payment of $1,000

leva [86]

Answer:

$5,793.40

Explanation:

The amount you invest is called the Principle Value (PV). Therefore the question requires us to determine the Principle Amount that will pay you a lump sum of $30,000 25 years from today.

FV = $30,000

N = 25

PMT = ($1,000)

P/Yr = 1

I = 6 %

PV = ?

Using a Financial Calculator to input the values as shown above, the Principle Value (PV) is calculated as $5,793.40.

Therefore, you will be willing to invest $5,793.40 today to have this investment in your portfolio

6 0

2 years ago

Shugart sells two products. Product A sells for $88 with variable costs of $38. Product B sells for $143 with variable costs of

andrew11 [14]

Answer:

$81 approx

Explanation:

Contribution margin refers to sales receipts in excess of variable costs incurred. This represents contribution from a product earned which is after variable costs have been incurred.

Product A

Selling price per unit = $88

Variable cost per unit = $38

Contribution per unit = Selling price per unit - Variable cost per unit

Contribution margin per unit = $88 - $38 = $50

Similarly, for product B,

Contribution margin per unit = $143 - $47= $96

Products Weights Contribution Weighted contribution

A 0.32 50 16

B 0.68 96 65.28

1.00 81.28

Hence, weighted average contribution margin is $81.28 or $81 approx

7 0

3 years ago