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inysia [295]
3 years ago
15

Bad Debt Expense is considered __________.a. an avoidable cost in doing business on a credit basis. b. an internal control weakn

ess. c. a necessary risk of doing business on a credit basis. d. avoidable unless there is a recession.
Business
1 answer:
horsena [70]3 years ago
4 0

Answer:

c. a necessary risk of doing business on a credit basis.

Explanation:

Bad debt is an amount that is owed to a creditor , which will not be paid back . Bad debt expense could be as a result of company who took a loan and is not able to pay back due to bankruptcy.

Before bad debt expense occur in a business, management often make provisions for such debt. Provision for bad debt expense is an amount set aside to cushion the effect of debts that are likely not to be paid back.

It therefore means that bad debt expense is a necessary risk of doing on a credit basis.

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Ben is reviewing a chart that shows all of the employees at his company. This document includes information about who reports to
aivan3 [116]

Answer: Organization chart

Explanation:

The organization chart is a diagram that shows the relation among the employees in an organization. The organization chart is also used to show the relationship that exists between the departments in an organization or and also shows their functions.

Organization chart can be used as a management tool that is used for planning purposes, and can also be used as a personnel directory.

The purpose of an organization chart is to illustrate the chais of command and reporting relationships that exist within an organization.

8 0
3 years ago
A buyer is closing on the purchase of a residence. The taxes for the year are estimated to be $4,780. The closing date is Januar
Aneli [31]

Answer:

For seller = $196.44

For buyer = $4583.56

Explanation:

Data provided in the question:

Taxes for the year = $4,780

Date of closing = January 16

since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only

Per day tax = [ Taxes for the year ] ÷ 365

= $4,780 ÷ 365

= $13.095 per day

Hence,

Proration will be

for seller = $13.095 per day × 15 days

= $196.44

For buyer = $4,780 - $196.44

= $4583.56

6 0
3 years ago
Which of the following statements about the marketplace of ideas is true? The British created the marketplace of ideas in the se
pentagon [3]

Answer:

Private groups and the news media play important roles in shaping opinions in the marketplace of ideas.

Explanation:

The marketplace of ideas denotes to the thought and belief of the idea that the authenticity of the truth or its acceptance depends upon the level of competition which the ideas have with one another. This is irrespective of the view that the truth has been provided by the government or by any authority.

8 0
3 years ago
I want to know about starting my own business or franchise can you help me get started thsnk you. Dennisomalley
Harrizon [31]

A franchise business can be started with purchasing a franchise rights, these rights are usually sold by chain businesses however there are some small businesses who also provide franchise.

<h3 /><h3>What is a Franchise?</h3>

A franchise is a legal right to run the operations of a business under the same name, however there are some factors that needs to be maintained these factors are mentioned in the agreement and must be met by the franchisee at all times.

In return for the franchise there is a lump sum payment which entitles the acquirer/ franchisee for the use of legal name of that business, also these rights are for a certain number of years.

For the duration of the franchise agreement the franchise owner is responsible for all the advertisement expenditure.

When starting a new business it is recommended that a franchise is acquired if they have no past experience of the business.

Learn more about Franchise at brainly.com/question/27158354

#SPJ1

5 0
2 years ago
Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,360,000 (240,00
mixer [17]

Answer:

Option (C) is correct.

Explanation:

Given that,

Estimated overhead cost = $1,540,000

Estimated direct labors (in dollars) = $3,360,000

Estimated direct labor hours = 240,000

Actual overhead cost = $1,240,000

Predetermined overhead rate:

= Estimated overhead cost ÷ Estimated direct labor hours

= $1,540,000 ÷ 240,000

= $6.42 per direct labor hour

6 0
3 years ago
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