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Vesnalui [34]
3 years ago
10

If an account is collected after having been previously written off:

Business
2 answers:
Orlov [11]3 years ago
8 0

Answer:

d. there will be both a debit and a credit to accounts receivable.

Explanation:

Bad debt is defined as the portion of accounts receivable that is considered to be lost and is written off as a loss to the business within a given period.

When a bad debt is written off it impacts directly on the profit of the business.

If an account has been collected after previously being written off, there will be a credit to accounts receivable to show an increase in a recievable by the business.

Also there is a debit to accounts receivable to show that the recovered funds has been moved to profit or revenue account of the business.

siniylev [52]3 years ago
7 0

Answer:

There will be both a debit and a credit to accounts receivables ( D )

Explanation:

The accounts receivable should be debited and credited because when an account has been written off it is considered a bad debit ( account that is lost to debt or cannot be collected or retrieved  by the company from the debtor ) and Bad debits are debited in the accounts receivables.

When an account written off ( bad debit ) is collected by the company the accounts receivables should be credited in order to offset the bad debit that was previously debited in the accounts receivables of the company. this is necessary so that the collected account will reflect on the Revenue of the  company.  

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combined target market approach

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Swift Delivery is a small company that transports business packages between New York and Chicago. It operates a fleet of small v
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Check the explanation

Explanation:

Net Present Value (NPV): It the distinction among the initial cash outflow and the present value of cash inflows. It assists in making project investment conclusion. A positive NPV means that the project should be accepted and if it is on negative swing then it should be rejected. Projects with upper NPV should be accepted in case of two mutually exclusive projects having positive net present value.

Use spreadsheet for the required computations. Enter values and formulas in the spreadsheet as shown in the image below.

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3 years ago
As a business owner you decide to hire a new employee named Maria. You decided to pay Maria $15.00 an hour for her work. At the
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Answer:

A measurement of her work value to the company

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How do systems serve different management groups in a business and how do systems that link the enterprise improve organizationa
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In simple words, Enterprise apps are created to bring together a variety of activities and procedures. To facilitate coordination and decision-making, enterprise systems combine a company's major internal business operations into an unified software platform . Supply chains administration software assists a company in managing its relationships with vendors in order to improve product planning, procurement, production, and supply of commodities. 

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2 years ago
A company, which is currently operating at full capacity, has sales of $2,480, current assets of $820, current liabilities of $5
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Answer:

$61.60

Explanation:

Equity funding need =  Projected assets - Projected liabilities - Current equity - Projected increase in retained earnings

Equity funding need = $2,739 - $561 -  $1,980 - $136.40

Equity funding need = $61.60

<u>Workings</u>

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Projected liabilities = Current liabilities * 1.10 = 510 * 1.10 = $561

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3 years ago
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