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juin [17]
3 years ago
10

When the allowance method is used to account for uncollectible accounts, Bad Debts Expense is debited when A. a customer’s accou

nt becomes past due.B. an account becomes bad and is written off.C. a sale is made.D. management estimates the amount of uncollectibles
Business
1 answer:
MaRussiya [10]3 years ago
7 0

Answer:

Option D. management estimates the amount of uncollectibles

Explanation:

When the company estimates the bad debts, reflects it in the balance sheet through a Debit entry in the Bad Debt Expenses againts the asset account Allowance for Doubtful Accounts as a Credit.

When the bad debt are confirm as uncollectible the loss is reflected in the Account Receivable as a Credit with the correspondent debit entry in the Allowance for Doubtful Accounts.    

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The 2015 American Time Use survey contains data on how many minutes of sleep per night each of 10,900 survey participants estima
steposvetlana [31]

The population is the 10,900 respondents to the American Time Use Survey.

Explanation & Solution:

Statistics indicate that a large number of findings with similar features are related to in the population.

A sample is a subset from which it has been extracted.

"The American Time Usage survey for 2015 provides details about how many minutes of sleep every evening are assigned to each of 10,900 survey respondents.

An SRS of 100 participants (a plain random sample) has x = 514.4 minutes on average.

The size of the U.S. Time Utilization Survey is 10,900.

7 0
3 years ago
Which term refers to promotional money paid by manufacturers to retailers in return for an agreement to feature the manufacturer
Strike441 [17]
Allowance, I believe.
5 0
3 years ago
Compared with free​ trade, large countries may increase national welfare when they place a tariff on imports. What unique aspect
Crazy boy [7]

Answer:

The correct answer is: reduce the world price of import when they levy a tariff.

Explanation:

Import tariffs make foreign goods more expensive, encouraging the purchase of domestic goods. Governments also justify applying tariffs to protect national jobs, infant industries, to retaliate against a trading partner, or to protect their consumers.

On the other hand, a less common tariff is the export tariff. That is, the one that is imposed on a good or service sold abroad in your country. They are generally imposed by countries that export primary products, either to increase incomes or to create shortages in world markets and thus raise world prices.

The imposition of tariffs is known as tariff barriers. In addition, there are non-tariff barriers to promote the protection of national industries. It consists of putting technical, legal obstacles, quotas or other measures that discourage importation.

4 0
3 years ago
A universal life policy has a death benefit of $125,000 and a cash accumulation value of $15,000. Generally, what will happen to
GrogVix [38]

Answer:

The death benefit or cash accumulation will be reduced by the partial withdrawal.

Explanation:

7 0
3 years ago
Fill in the blanks: 1. The situation when law of demand is not applicable is known as it's............ 2. When price of one good
Kryger [21]

Answer:

1. The situation when law of demand is not applicable is known as it's EXCEPTION.

2. When price of one good affects to the demand for other good, this situation is known as CROSS ELASTICITY OF DEMAND

3. Demand is the effective desire backed by the ABILITY and WILLINGNESS to buy the product.

Explanation:

Demand is a term that is born out of the human desires , wants or needs.

Demand can be defined or referred to as the amount a consumer is able and willing to pay in other to purchase goods and services that they desire or want.

The Law of demand states that the Quantity of goods and services demanded is inversely proportional to the prices of these goods and services. This means when the prices of goods increase, the quantity demanded decreases and when the prices of goods decreases ,the quantity of goods and services demanded increases.

Elasticity of Demand can be defined as the responses or effects of changes in price of goods and services on changes in the quantity demanded.

We have 4 types of Elasticity of Demand

a) Price Elasticity of Demand: This is when the quantity of goods and services demanded is affected by the change in price.

b) Price Elasticity of Supply: This is when the quantity of goods and services supplied is affected by the change in price.

c) Cross Elasticity of Demand: This is when the price of one good affects to the quantity demanded for other good,

d) Income Elasticity of Demand: This when the quantity of goods and services demanded is affected by the changes in the income of the consumer.

There are situations whereby the law of demand is not applicable and this is referred to as it's exceptions. Those situations are:

a) The type of goods and services.

b) When changes in the price of the goods and services is expected by consumers.

c) Changes that occurs in fashion or styles of a particular product ( This is when a product goes out of fashion or the style becomes outdated)

4 0
2 years ago
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