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lbvjy [14]
3 years ago
15

Under the direct​ write-off method, the entry to write off an uncollectible account will include​ ________. A. a credit to the A

llowance for Bad Debts B. a debit to the​ customer's Account Receivable C. a debit to Bad Debts Expense account D. No entry is made to write off uncollectible accounts.
Business
1 answer:
slava [35]3 years ago
4 0

Answer:

C. a debit to Bad Debts Expense account

Explanation:

using the direct​ write-off method, we do not use the allowance. At write-off we recognize the directly the bad debt expense and decrease the accounts receivable.

Is important to notice that the direct method violates the accounting matching principles as, it recognize an expense based on events which occured at prior periods

You might be interested in
On January 1, 2016, Phoenix Co. acquired 100 percent of the outstanding voting shares of Sedona Inc. for $784,000 cash. At Janua
stiv31 [10]

Answer:

a) Consolidated net income for Phoenix and Sedona for 2018

Phoenix revenues                      $648,000

-Phoenix expenses                    ($412,000)

Phoenix Net Income                  $236,000

2018 Income from Sedona        <u>$54,075</u>

Consolidated net income for   $290,075

Phoenix and Sedona for 2018  

b) Phoenix’s consolidated retained earnings balance at December 31, 2018

Phoenix’s consolidated retained earnings balance at December 31, 2018  = $347,075.00  (same as Phoenix because of equity method use)  

c) What amount should Phoenix report for Sedona’s customer list?

Consideration transferred at fair value      $784,000

Book value acquired                                   <u>($548,800)</u>

Excess fair over book value                        $235,200

To Equipment                                               <u>$95,000   </u>

To customer list (4 year life)                        <u> $140,200 </u>

Three years since acquisition of customer list = $140,200/4 years = $35,050. Hence, Phoenix report $35,050 as Sedona’s customer list.

4 0
3 years ago
6) Una escuela tiene un total de 475 estudiantes. Se quiere extraer una muestra de 80. Explica en detalle cómo se obtiene dicha
kap26 [50]

Answer:

Check Explanation

Comprobar Explicación

Explanation:

English Translation

A school has a total of 475 students. We want to extract a sample of 80. Explain in detail how this sample is obtained by random sampling.

Solution

In random sampling, each member of the population has an equal chance of being surveyed or an equal chance of being a member of the sample.

For this Question, it will mean that each of the 475 students would have an equal chance of being part of the sample of 80 students. To use random sampling for this particular scenario, we would give all the students numbers from 1 to 475, we would then use a computer program to generate 80 random student numbers.

We could also put all the number in a bowl and randomly select 80 numbers from 475, that way, the sampling method would be as random as can be.

In Spanish/En español

En el muestreo aleatorio, cada miembro de la población tiene la misma probabilidad de ser encuestado o la misma probabilidad de ser miembro de la muestra.

Para esta pregunta, significará que cada uno de los 475 estudiantes tendría las mismas posibilidades de ser parte de la muestra de 80 estudiantes. Para usar el muestreo aleatorio para este escenario particular, le daríamos a todos los estudiantes números del 1 al 475, luego usaríamos un programa de computadora para generar 80 números de estudiantes al azar.

También podríamos poner todos los números en un tazón y seleccionar aleatoriamente 80 números de 475, de esa manera, el método de muestreo sería lo más aleatorio posible.

Hope this Helps!!!

¡¡¡Espero que esto ayude!!!

7 0
3 years ago
Glass walls
Goshia [24]

Answer:

the anwser is A i searched it up

3 0
3 years ago
If demand for a good falls, but the opportunity cost of making the good increases, then production of the good will:________
LenaWriter [7]
Increase witch is a
5 0
3 years ago
Summary: With 250,000 employees in 19 countries, Aramark wanted to motivate its employees who clean airplanes for Delta and Sout
statuscvo [17]

Answer:

Explanation:

(A)

What motivation theory applies to the workers at Aramark?

The workers should be motivated with payments for the return of valuables forgotten in the aircraft.

(B)

To motivate them, offer them a salary increase

(C)

Some possible barriers to the effectiveness of these motivation ideas are gluttony (depending on individual worker), a period of stiff or falling profit (which will hinder the smooth running of the new benefit policies), change of management.

(D)

What could you do, to overcome them?

To ensure that workers do not still steal forgotten valuables, place a check or supervision on them.

To ensure the profit level is maintained or increased, make sure the workers do not relent in their duties. Sometimes, more benefits make workers relax more.

8 0
3 years ago
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