Answer:
Debit Accounts Receivable, credit Allowance for Doubtful Accounts.
Explanation:
To record the collection of accounts receivable previously written off when using the allowance method, the first step is to debit Accounts Receivable, and then credit Allowance for Doubtful Accounts. This purpose of this to reverse the already written off amount.
The next step after that is to complete the entries by debiting Cash, and crediting the Accounts Receivable to record the cash collection in respect of previously written off accounts receivable.
Answer: The correct answer is "a. the ability of management to use accruals to reduce the volatility of reported earnings over time.".
Explanation: Income smoothing refers to <u>the ability of management to use accruals to reduce the volatility of reported earnings over time.</u>
The smoothing of earnings is a practice that consists in reducing fluctuations in recognized income and, therefore, fluctuations in earnings. That is, the smoothing of earnings implies saving income in bonanza times to recognize them accountingly when income is meager.
I believe the answer is:
(B)radio announcer
(D)graphic designer
It is very common for Radio announcer to invite and interview guests and They are basically interacting with clients and fulfilled the client's wish regarding how their products need to be advertised.
Graphis designer, also require constant interaction with the customers in order to know whether the desing that is made by the designer is suitable with the image that the customers have in mind.
Public hotspots such as the one Tenisha encountered in a local coffee shop allows people to gain Wi-fi through a Wireless Local Area Network (WLAN) which uses a router that is connected to an internet service provider. Tenisha, upon clicking the hotspot name, will be prompted to connect to the network. Afterwards, she may be required to type in a password in order to be connected to the internet.
Answer:
Cash flow provided from operating activities 12,700
Explanation:
Net Income: 10,500
Depreciation expense 5,500 a
Adjusted income 16,000
Change in working capital
↓Account Receivable 3,500 b
↑Inventory (7,500) c
↑Salaries payable 700 d
Total Change in working capital (3,300)
Cash flow provided from operating activities 12,700
<u>Notes:</u>
a The depreciation is a non-monetary concept it has no impact in cash. It is removed.
b The decrease the AR means cash was collected, therefore the cash increase
c The increase in inventory represents cash being used to purchase that inventory. Cash decreased
d the salaries payable represent the delay of cash disbursement, it increases cash.
