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
nalin [4]
3 years ago
8

Which of the following will most likely give the most assurance concerning the valuation assertion about accounts receivable?A.

Vouching amounts in the subsidiary ledger to details on shipping documentsB. Comparing receivable turnover ratios with industry statistics for reasonablenessC. Inquiring about receivables pledged under loan agreementsD. Assessing the allowance for uncollectible accounts for reasonableness
Business
1 answer:
OlgaM077 [116]3 years ago
6 0

Answer:

Assessing the allowance for uncollectible accounts for reasonableness.

Explanation:

Assessing the allowance for uncollectible accounts for reasonableness give the most assurance concerning the valuation assertion about accounts receivable as The term uncollectible accounts receivable is used to describe the portion of credit sales in accounts receivable the company does not expect to collect from a customer.

Uncollectible accounts is used in the valuation of accounts receivable, which appears on a company's balance sheet.

You might be interested in
Assume that a business has $50000 of current assets and $40000 of current liabilities. What is the company’s current ratio?
olganol [36]

Answer:

The company's current ratio is 1.25.

Explanation:

The current ratio is calculated by dividing the current assets by the current liabilities:

current assets=$50000

current liabilities=$40000

current ratio=$50000/$40000

current ratio=1.25

According to this, the answer is that the company's current ratio is 1.25.

4 0
2 years ago
Why did Tonya's lender most likely deny her credit?
vagabundo [1.1K]

Creditors will decline your request for credit if they see that your income is insufficient to cover your debts.

Lenders will be reluctant to approve a loan if you have a bankruptcy on your credit report since it increases the risk involved.

Thus, Option B is correct.

<h3>Who makes the decision about your credit application?</h3>

Your information is provided to the credit reporting bureau, but the lender ultimately decides whether or not to extend credit.

The best course of action is typically to speak with the lender directly if you require more details especially regarding your denial.

For more information about Credit application refer to the link:

brainly.com/question/21237270

#SPJ1

3 0
2 years ago
Pedro, an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm's office. He contacts a sales repr
Sindrei [870]

Answer:

Retailer

Explanation:

From the question we are informed about Pedro, who was an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm's office. He contacts a sales representative at Metro Distributors Inc. and places an order for 100 printers. Metro Distributors Inc. purchases the printers from Ink Corp., a wholesaler, and delivers them to Pedro at his office. In this scenario, Metro Distributors Inc. is most likely to be Retailer.

A retailer can be regarded as a company or entity which buys products from a manufacturer or wholesaler then sells directly to end users or customers. A retailer can be regarded as an intermediary or middleman, with them the customers can get products from the manufacturers through them. They do this with aim of making profit.

8 0
3 years ago
A formalized report that summarizes your current financial situation, analysis your financial needs, and recommends a direction
katrin2010 [14]
C. Budget. BudgetBudget
5 0
3 years ago
Read 2 more answers
Paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation is
Mashutka [201]

Paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation is Personal selling.

What is personal selling?

  • In order to influence a customer's buying choice, personal selling is a personalized sales technique that involves direct communication between a sales representative and potential customers.
  • Globalization, the rise of the internet, and the emergence of social media, however, have made personal selling only one of many selling and marketing strategies.
  • The selling strategy might not be as popular as it once was. Yet there are so many businesses that significantly rely on this approach to selling.

What are the objectives of personal selling?

  • Building strong, long-lasting relationships with consumers.
  • Boosting demand for the offering.
  • Increasing sales.
  • Supporting the customers.

Learn more about the personal selling with the help of the given link:

brainly.com/question/18240042

#SPJ4

8 0
1 year ago
Other questions:
  • Here is an example of a positioning statement for Volvo:
    6·1 answer
  • Borden Inc. offers pasta snacks grocery and dairy items as well as films adhesives another nonfood products these products are r
    11·1 answer
  • On march 12, masterson company, inc. sold merchandise in the amount of $7,800 to forsythe company, with credit terms of 2/10, n/
    7·1 answer
  • On January 1, the $3,000,000 par value bonds of Spitz Company with a carrying value of $3,000,000 are converted to 1,000,000 sha
    12·1 answer
  • One way to learn about your talents, skills, and personal qualities is to:
    14·2 answers
  • Which payment system is most likely to delay an online purchase? credit card debit card check online payment services
    11·1 answer
  • Thornton Universal Sales' cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 50% of its mon
    7·1 answer
  • For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance.
    14·1 answer
  • Even though personal selling is the most expensive method of communication on a per-person-reached basis, businesses continue to
    13·1 answer
  • On November 1, 2021, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is for a six-month term
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!