1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kvv77 [185]
3 years ago
9

When the allowance method of recognizing uncollectible accounts is used, how would the collection of an account previously writt

en off affect accounts receivable and the allowance for uncollectible accounts?
a.No effect Decrease
b.No effect Increase
c.Increase Decrease
d.Increase No effect
Business
1 answer:
MariettaO [177]3 years ago
7 0

Answer:

b.No effect Increase

Explanation:

accounts receivable                            xxx  

allowance for uncollectible accounts                       xxx

( to reinstate the account )  

Cash                                                        xxx  

accounts receivable                                                xxx

( to record the collection )

No effect on accounts receivable as it gets debited and credited with the same amount

it increases the allowance for uncollectible accounts as it is credited

Therefore,the collection of an account previously written off affect accounts receivable and the allowance for uncollectible accounts is b.No effect Increase

You might be interested in
What are the rights of the employer and employer in the employer-employer relationship??​
sdas [7]
I like your pfp :))))
3 0
3 years ago
A principal of $2700 is invested at 8.75% interest, compounded annually. how much will the investment be worth after 8 years
Goshia [24]
The formula for compounding interest is

F= P(1+i)^n

where F is the future worth, P is the principal amount, i is the interest, and n is the number of years. Applying this equation,

F = 2700(1+0.0875)^8
F = $ 5282

I hope I was able to help you with this. Have a good day!
5 0
3 years ago
When considering marketing's place in the economy, what is the most important role the marketing function plays?
poizon [28]

Answer:

B. Creating value for customers.

Explanation:

Marketing is all about building values for customers. Its about creating customer relationships which are profit generating.  Any company or brand has a value proposition. It is the set of benefits the company promises to deliver to the consumer to satisfy his/her needs.  Thus marketing is the bridge which connects the brand with the customers perceived value of the brand.  It makes sure the customer pledges loyalty to the brand, by delivering on its promises on the value proposition.  Thus, the most important role that marketing plays in the economy is Creating Value for Customers.

5 0
3 years ago
Why is it important for a future Medical Administrative Assistant to understand of basic accounting and banking procedures?
Vinvika [58]
The medical administrative assistant is responsible for managing the front desk operations of a medical facility ( s hospital, a physician's office...). The job of a medical administrative assistant includes:  communicating with patients, scheduling appointments, accounting and billing, filing insurance claims, maintaining records.<span> For a future medical administrative assistant it is important to understand of basic accounting and banking procedures because his/her job will require </span>handle billing and light bookkeeping.
3 0
4 years ago
Botosan Factory has budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000
Sloan [31]

Answer: $412,292

Explanation:

First compute Overhead Absorption Rate = Budgeted Overhead divided by Budgeted Activity Level

In this question the activity level is Direct Labour Hours (DLH) which is the basis for allocating overhead.

budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000.

$453,120 divided by 384,000 DLH =$1.18

Overheard to be allocated for May is OAR * Actual Activity level

$1.18*349400= $412,292

This is the amount to be allocated to may

7 0
3 years ago
Read 2 more answers
Other questions:
  • When selling an older home, disclosure must be made to the buyer of any insurance claims made within the last:?
    5·1 answer
  • A life insurance policy that fails the 7-pay test is considered by the irs to be a modified endowment contract. this type of pol
    12·2 answers
  • Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $5
    11·1 answer
  • Cost of Bank Loans Gifts Galore Inc. borrowed $1.6 million from National City Bank. The loan was made at a simple annual interes
    6·1 answer
  • During a bank reconciliation process:
    12·1 answer
  • If you are interested in working for a specific company, what type of job site should you look at for opening?
    7·1 answer
  • What are equivalent units of production (EUP) for conversion costs? Hint: There are several questions about the process cost sum
    12·1 answer
  • What role do businesses play in a free enterprise system?
    7·1 answer
  • Notification by the bank that a deposited customer check was returned nsf requires that the company make the following adjusting
    9·1 answer
  • A business landowner has a duty to reasonably maintain his or her property for safety. when the business invites guests or custo
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!