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Readme [11.4K]
3 years ago
12

Most businesses periodically remove bad accounts from their books true or false

Business
1 answer:
Mashutka [201]3 years ago
5 0

Answer: false

Most businesses remove or write off bad accounts but not periodically. By periodically means, it occurs at regular times which bad accounts are not. Accounts are considered bad accounts if they remained uncollectible after many months.

The entry to write off consists of 1) a credit to Accounts Receivable to remove it, and 2) a debit to Bad Debts Expense to report it.


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balu736 [363]

Answer:

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8 0
2 years ago
On January 1, 2021, Red Inc. issued stock options for 200,000 shares to a division manager. The options have an estimated fair v
morpeh [17]

Answer:

$400,000

Explanation:

The compensation expense to be recognized in 2021 is portion of the options value for one year.

Total value of the options=200,000*$6=$1,200,000

Compensation expense per year=fair value of the options/vesting period

fair value of the options is $1,200,000

vesting period is 3 years

compensation expense per year=$1,200,000/ 3 years=$400,000

The $400,000 compensation expense is debited to compensation expense account and credited to paid in capital-stock options $400,000 for each of the vesting period until the paid in capital -stock options account balance becomes $1,200,000 at end of year 3

6 0
3 years ago
Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will
-BARSIC- [3]

Answer:

$24.86

Explanation:

The estimated stock of Zephyrl is $50

This is for a period of 5 years

The rate of return is 15%

Therefore the price that will be paid for this stock can be calculated as foloes

50= x (15/100^5)

50= x (0.15+1^5)

50= x (1.15^5)

50= 2.0113x

Divide both sides by the coefficient of x

= 50/2.0113

= 24.86

Hence the price that will be paid for the stock is $24.86

3 0
3 years ago
Describe the trends in fuel efficiency in the United States since the 1970s. Explain why the price of gasoline is much higher th
Georgia [21]

Answer:

See the concepts below

Explanation:

Government fuel efficiency standards for vehicles have been generally slightly low for many years. Between the years 1973-1985 the average fuel efficiency for new vehicles sold in the U.S. increase considerable, because the government create new laws for the corporate average fuel economy.

Gasoline is much higher then is paid because the costs associated to the pollution control and other things liket military protection of oil supplies in some areas, time wasted, and costs associated from air and water pollution in the form of higher medical costs.  

Fee-bate represent a program in "which buyers of fuel inefficient cars would pay a high fee, and the resulting revenue would be given to buyers of efficient cars as rebates "

Hybrid: is an energy efficient gasoline-electric car. "Use a small traditional gasoline-powered engine and a battery-powered electric motor used to provide the energy needed for acceleration and power".

Plug-in hybrid: is defined as "a hybrid with a second and more powerful battery that can be plugged into an electrical outlet and recharged anytime".

Fuel cell motor: "is more efficient thn combustion engines, having no moving parts, requiring little maintenance, and use hydrogen gas as a fuel to produce electricity"

Living roofs:  "green roof or living roofs, also known as a grass roof or living roof, is a growing trend. Architects can put roots down in the most expected of places and is a roof that is covered in plants, which reduces stormwater run-off and lowers cooling costs".

And the importance of white or light colored roof is that reflect away heat rays from the sun, and we have less heat absorption.

LED bulbs "require much less wattage than CFL or Incandescent light bulbs, and that's the reason why LEDs are more energy-efficient and longer lasting than their competitors".

A compact fluorescent (CFL) "eliminates three-fourths of the mercury pollution of a traditional light bulb: 3.3 mg versus 13.6 mg and using CFLs reduces the amount of mercury outside to the air and surface water and that's to important to the environment"

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List six ways in which you can save energy where you live.

Adjust your day-to-day behaviors reducing the amount of energy consumed.

Replace your light bulbs with LED lights.

Use smart power strips, removing the vampire concumption.

Reduce the water heating expenses.

Change the system of energy of your house

Use other types of energies to satisfy the requirments.

Give three reasons why we waste so much energy.

Life style

Weather conditions

Pleasure

6 0
3 years ago
The inventory of Oheto Company on December 31, 2017, consists of the following items.
algol [13]

Answer:

a. $335,100

b. $341,300

Explanation:

The computation is shown below:

         (A)             (B)                      (C)       (A × B)          (A × C)

Part  Quantity  Cost per Unit   NRV    Total cost    Total NRV   Lower value

110    600          95                      100       $57,000       $60,000     $57,000

111     1000         60                      52        $60,000       $52,000   $52,000

112    500          80                      76         $40,000       $38,000   $38,000

113    200          170                     180       $34,000        $36,000   $34,000

120   400          205                   208       $82,000        $83,200   $82,000

121a  1600         16                      1             $25,600        $1,600   $1,600

122   300          240                   235       $72,000 $70,500   $70,500

Total                                                         $370,600 $341,300  $335,100

So

a. Under the  LCNRV method, the inventory to each item would be $335,100

b. The total inventory would be $341,300

3 0
3 years ago
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