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Maslowich
3 years ago
11

Under the allowance method of accounting for uncollectible accounts, a. the cash realizable value of accounts receivable is grea

ter before an account is written off than after it is written off. b. Bad Debts Expense is debited when a specific account is written off as uncollectible. c. the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off. d. Allowance for Doubtful Accounts is closed each year to Income Summary.
Business
1 answer:
pentagon [3]3 years ago
8 0

Answer:

c. the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off.

Explanation:

Under the allowance method of accounting for uncollectible accounts, the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off and bad debt expenses is debited.

This means that in the period in which an account previously written off is collected, the income is unaffected.

Also, under the allowance method of accounting, total assets will remain unchanged when a particular account is being written off.

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Drag the tiles to the boxes to form correct pairs.
Arada [10]

Answer:

WWW = indicates that the website  the World Wide Web

Domain Name= indicates the type of organization  that the website belongs to

Resource ID = indicates where the file resides  on a web server

Server Name= indicates name of the server  that hosts the website

Explanation:

8 0
3 years ago
How do safe investments usually have a lower rate of return than riskier ones?
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Students should understand that every saving and investment product has different risks and returns. Differences include how readily investors can get their money when they need it, how fast their money will grow, and how safe their money will be.


3 0
3 years ago
Read 2 more answers
Vernon Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bicycles, which are high-qualit
Lana71 [14]

Vernon produces and sells only 6,100 bikes each year. Due to the low volume of activity, Vernon is unable to obtain the economies of scale that larger

<h3>What is  bikes?</h3>

A bicycle, also known as a pedal cycle, bike, or cycle, is a single-track, human-powered or motor-powered assisted vehicle with two wheels attached to a frame, one behind the other. A cyclist or bicyclist is someone who rides a bicycle. Bicycles were first introduced in Europe in the nineteenth century.

Infants under the age of 12 months should not be carried on a bicycle and should not sit in a rear bike seat. Infants should not be carried on a bike in backpacks or front carriers. It is not advised to leave babies in slumped positions for extended periods of time.

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5 0
2 years ago
Boulderado has come up with a new composite snowboard. Development will take Boulderado four years and cost $250,000 per year, w
ehidna [41]

Answer:

a) 13.704%

b) 3.704%

Explanation:

Development of composite snowboard = 4 years

Total cost / investment = 250,000 * 4 = $1,000,000

Annual cash flows ; $200,000  for 10 years

discount rate = 10%

cash flow at t = 0 =  ( Total cost / investment ) = - $1,000,000

<u>a) calculate the IRR for the snow board </u>

attached below is the calculation using online tool

IRR = 13.704%

<u>b) maximum deviation allowable in cost of capital</u>

maxi deviation = IRR - r

                         = 13.704% - 10% = 3.704%

3 0
3 years ago
Mamma's Diner was a small restaurant that was a popular hangout for many Bedford College students, but because of the owner's in
mamaluj [8]

Answer: Utilitarianism

Explanation:

Utilitarianism can he defined a moral theory that supports actions that boost overall pleasure or happiness and rebuff actions that lead to harm or unhappiness. A utilitarian philosophy aims to make the society a better place.

The maxim of utilitarianism is that a considerable amount of good should go to a considerable amount of people. Utilitarianism seeks to maximize well-being and happiness. Mama Diner's restaurant was closed because the principle of utilitarianism was not followed because handicapped students couldn't make use of bathroom stalls.

For example, if there is a new disease that kills people instantly when the affected person coughs around other people, the government might be forced to kill the person in order to save others.

8 0
3 years ago
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