The doctrine that makes a defendant liable even if the defendant is without fault is called...

__________ is a contra asset account representing the amount of accounts receivable that we do not expect to collect.

maw [93]

Answer:

Allowance for uncollectible accounts

Explanation:

This account is a contra asset account which says that the account receivable amount is not collected in near future

It is shown in the asset side of the balance sheet

Assets side

Current Assets

Accounts receivable XXXXX

Less: Allowance for doubtful debts (XXXXX)

Net accounts receivable XXXXX

It is an estimated amount which is not to be paid by the customer in respect to goods delivered to them

The journal entry would be

Bad debt expense A/c Dr XXXXX

To Allowance for uncollectible accounts A/c XXXXX

(Being the uncollected amount is recorded)

6 0

3 years ago

When might be the best time to start saving for retirement?

Vilka [71]

When you 40 some I think

7 0

3 years ago

If the government sets out to make home buying easier for more people by forcing lenders to accept ____________ down payments an

Artemon [7]

Answer:

If the government sets out to make home buying easier for more people by forcing lenders to accept LOWER down payments and LOWER interest rates, the result will likely be an INCREASE in housing prices

Explanation:

If either interest rates or down payment amounts lower, the quantity demanded for houses will increase a little, possible leading to a small increase in the prices of houses.

If both interest rates and down payment amounts lower, then the quantity demanded for houses should increase a lot, which will result in an increase in the prices of houses.

This happened during the first decade of our century and everything was fine until the interest rates started to increase and people could no longer pay their mortgages and BOOM, the economy busted.

7 0

3 years ago

Presented below are incomplete manufacturing cost data.

Usimov [2.4K]

Answer and Explanation:

The computation of the missing amount is as follows

As we know that

Total manufacturing costs is

= Direct materials cost + Direct labor cost + Factory overhead cost

And,

Cost of goods manufactured is

= Total manufacturing costs + Beginning work in process - ending work in process

Based on this, the calculation is as follows

 Direct materials Direct labor Factory Total

 overhead manufacturing costs 

1. $44,000 $62,200 $51,100 $157,300

2. $78,500 $77,500 $144,000 $300,000

3. $58,600 $138,400 $114,000 $311,000

Now

Total Manufacturing Costs Beg. Work End. Work Cost of Goods

in Process in Process Manufactured

1. $157,300 $122,000 $85,200 $194,100

2. $300,000 $123,400 $99,800 $323,600

3. $311,000 $465,000 $57,000 $719,000

4 0

3 years ago

Ashley, a purchasing manager, tells Franklin, the human resource manager, that she has selected a candidate to be her purchasing

ale4655 [162]

Franklin replies that Ashley should add information about the job responsibilities, work schedule, and starting date.

Explanation:

The job offer letter is delivered by the authority to permit and ask an individual officially to join the firm or an organization under given time period by responding in respective manner. This offer letter for job joining carry various basic information like

Job profile: which carry the type of work candidate need to perform in firm.
Job responsibilities: carry point wise all the work or duties one need to perform on daily basis especially and also occasionally like closing or festive time.
Work schedule: carry the stage wise or time allotment to each duty respectively.
Joining date: the very important information is date, time and venue of joining.

4 0

3 years ago