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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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<span>Good day! This is [insert name here]. I am interested in applying for a position with your company and I am calling to see if I can make an appointment with human resources to submit my resume. May I know who I should talk to regarding this? Thank you very much!</span>
8 0
3 years ago
Select cost information for Klondike Corporation is as follows:
Bingel [31]

Answer:

D. Direct materials is a variable cost and rent expense is a fixed cost.

Explanation:

  • As clearly seen from the data the direct material cost is varying but the rent cost is fixed cost.
6 0
2 years ago
Firm A is being acquired by Firm B for $35,000 worth of Firm B stock. The incremental value of the acquisition is $2,500. Firm A
LekaFEV [45]

Answer:

option (b) $34,789

Explanation:

Data provided in the question:

Worth of Firm A = $35,000

Incremental value of the acquisition = $2,500

Number of shares of Firm A outstanding = 2,000

Price of Firm A shares = $16 per share

Number of shares of Firm B outstanding = 1,200

Price of Firm B shares = $40 per share

Now,

Number of shares issued = Worth of Firm A ÷ Price per share of Firm B

= $35,000 ÷ $40

= 875 shares

Value per share after merger

= [ (1,200 × $40) + ( 2,000 × $16 ) + $2,500 ] ÷ [ 1,200 + 875 ]

= $82,500 ÷ 2,075

= $39.759

Therefore,

The Actual cost of acquisition

= Number of shares issued × Value per share after merger

= 875 × $39.7588

= $34788.95 ≈ $34,789

Hence,

The answer is option (b) $34,789

4 0
3 years ago
14) What are the two parts of demand?
Usimov [2.4K]

Answer: The two parts of demand are:

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• Ability to pay

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There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.

4 0
3 years ago
major babineaux hired green acres, a local landscape firm, to plant trees and shrubs in his front yard. the landscape is beautif
Galina-37 [17]

Major's best course of action at this time would be to contact the Better Business Bureau.

<h3>What is money-back guarantees?</h3>
  • A money-back guarantee, also known as a satisfaction guarantee, is essentially a simple guarantee that a buyer will receive a refund if he or she is dissatisfied with a product or service.
  • Money-back guarantees are not required by law in the United States. A seller, on the other hand, may advertise a money-back guarantee only if they offer a full refund of the purchaser's money and clearly state all requirements and limitations that apply.
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To learn more about money-back guarantees, refer to:

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6 0
1 year ago
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