The direct write off does not report about the bad debt and does not use the allowance where as the allowance method uses the allowance for doubtful accounts because it provides an estimate for the same.
<u>Explanation:</u>
The allowance method speaks to the accumulation and accrual basis of bookkeeping and is the acknowledged technique to record uncollectible records for monetary bookkeeping purposes. The direct write off method is utilized just when we choose a client won't pay.
The allowance method utilizes the stipend for doubtful records to catch amassed assessments of awful obligations. The direct write-off method does not report bad debt estimates; therefore, it does not use the allowance for doubtful accounts when reporting bad debts.
<span>False.
Communication up and down the corporate hierarchy is often called vertical communication. Communication among employees at the same level in the hierarchy, or sideways, is called horizontal communication.</span>
Answer:
Explanation:
You need to use the formula to calculate the future value of a constant annual deposit:
![Future\text{ }value=Deposit\times \bigg[\dfrac{(1+r)^n-1}{r}\bigg]](https://tex.z-dn.net/?f=Future%5Ctext%7B%20%7Dvalue%3DDeposit%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%5Cbigg%5D)
Where r is the expected percent return, and n the number of years.
<em><u>1. For a deposit of $30,800 at the end of each year for the next 11 years, with 7% interest.</u></em>
You will have saved:
![Future\text{ }value=\$ 30,800\times \bigg[\dfrac{(1+0.07)^{11}-1}{0.07}\bigg]](https://tex.z-dn.net/?f=Future%5Ctext%7B%20%7Dvalue%3D%5C%24%2030%2C800%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2B0.07%29%5E%7B11%7D-1%7D%7B0.07%7D%5Cbigg%5D)
<em><u>2. For a deposit of $33,300 each year, for the same number of years and with the same interest rate.</u></em>
You will have saved:
![Future\text{ }value=\$ 33,300\times \bigg[\dfrac{(1+0.07)^{11}-1}{0.07}\bigg]](https://tex.z-dn.net/?f=Future%5Ctext%7B%20%7Dvalue%3D%5C%24%2033%2C300%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2B0.07%29%5E%7B11%7D-1%7D%7B0.07%7D%5Cbigg%5D)
<em><u>3. For a deposit of $30,800 each year, but with 11 percent interest, for 11 years.</u></em>
![Future\text{ }value=\$ 30,800\times \bigg[\dfrac{(1+0.11)^{11}-1}{0.11}\bigg]](https://tex.z-dn.net/?f=Future%5Ctext%7B%20%7Dvalue%3D%5C%24%2030%2C800%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2B0.11%29%5E%7B11%7D-1%7D%7B0.11%7D%5Cbigg%5D)
Hey!
Answer: Errors
When you proofread, you're just looking over the reading making sure that there's no errors such as bad punctuation and bad grammar. And also the typographical errors.
- mistakes in grammar
- spelling
- style
- typographical errors
That would be some of the four that you would look at when you proofread. Hope this helps.
Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.
FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.
Learn more on Inventory costing methods-
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