The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.
The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.
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Answer:
Both an initial cash outflow and future cash inflow
Explanation:
Net value cash flow is the different cash flows that happens at different times. It takes into account the initial cash outflow or capital investment and the amount that it would be getting in the future that is the future cash inflow.
The net present value gives us a difference between cash inflows and cash outflows in their present values over a period of time.
That statement is true
In united states, there are only two things that considered as a primary source of criminal law.
The first one is the court ruling that is made by both state and supreme courts. The second one is the legislation that are passed by the representatives in state and federal government.
The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
Using this formula
Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)
Let plug in the formula
Midsized automobile price = $11,000 (3× -1.2) / 1 + (3× -1.2)
Midsized automobile price = $14,000 × -4.8/ -3.8
Midsized automobile price = $14,000 × 1.384615
Midsized automobile price = $15,230.765
Midsized automobile price =$15,230.77 (Approximately)
Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
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I would go with C and A. but as i went through with that one day i would prefer C so, its C
