Answer:
false
Explanation:
The allowance procedure estimates bad debt expense before an uncollectible account receivable has been purposed to be uncollectible.
Answer: Not necessarily
Explanation:
Consumer purchase decisions are dependent on multiple factors such as price, income and preference. It could be that the customer purchased the Kia because the price was less than that of the Honda and so she wanted to save and costs and bought the less expensive choice.
It could also mean that the Kia was all she could afford based on her income so she bought that. It could however also mean that the Kia is her preference as compared to the Honda so she chose that instead.
It is therefore not a foregone conclusion that she bought the Kia simply because she preferred it. More information would be needed to reach that conclusion definitively.
Answer:
Treaty of Versailles
Explanation:
The terms which caused the most resentment in Germany were the loss of territory, the war guilt placed solely on Germany, the deliberate effacement of the German military and the demands of reparations.
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Answer:
$9.18
Explanation:
Return on Investment is the actual profit / gain received on investment. In case of Investment in the stock the dividend and price appreciation is included in the return.
We will calculate the return on the investment in accounts.
Return = Dividend Received + ( Market Price of Stock - Initial price )
Return = Dividend Received + ( Market Price at the end of the year - Price at the beginning of the year )
Return = $0.85 + ( $76.45 - $68.12 )
Return = $0.85 + $8.33
Return = $9.18
<span>lower-of-cost-or-market
It is inconsistent because losses are recognized but not gains.
b. It usually understates assets.
c. It can increase future income.
"market" in the lower-of-cost-or-market rule be more than
estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal.
Designated market value
is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin
Lower-of-cost-or-market is most conservative if applied to individual items of inventory.
the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory is to prevent overstatement of the value of obsolete or damaged inventories.</span>
