Answer:
Using the Direct Write-off method means that bad debts are removed from the Accounts Receivable as they occur instead of using an Allowance account.
Bad debts will be debited as this is an expense. Accounts Receivable will be credited to reflect that the account is reducing in value.
The relevant journal entry will therefore be;
DR Bed Debts $650
CR Accounts Receivable $650
Answer:
The correct answer is d) "all of the obligations, jointly and severally"
Explanation:
Oliana is a partner in Pacific Traders. In the majority of states, with respect to any partnership obligations that Oliana does not participate in, know about, or ratify, Oliana would be liable for all of the obligations, jointly and severally
Answer:
The correct answer is letter "C": Comparative estimates.
Explanation:
In project management, comparative estimates are forecasts carried out comparing previous project's information. The purpose of conducting such an analysis is to have an idea of what is the amount of money necessary to conduct a new project. The estimation is what its name describes, just an estimate but help managers to allocate the resources they have and request those who may be necessary for the operations of the new plan.
Answer:
$1,250
Explanation:
Before N starts to receive any disability payment, a 30 day elimination period must pass. He/she will start receiving disability payments starting the second month and they will last until his temporal disability is over:
covered time = 3.5 months - 1 month = 2.5 months x $500 per month = $1,250 total disability payments
Answer:
Effect on income= $2,500 increase
Explanation:
Giving the following information:
Contribution margin= $44
The marketing manager believes that a $6,300 increase in the monthly advertising budget would result in a 200 unit increase in monthly sales.
To calculate the effect on income, we need to use the following formula:
Effect on income= increase in total contribution margin - increase in fixed costs
Effect on income= 200*44 - 6,300
Effect on income= $2,500 increase
