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kondaur [170]
3 years ago
8

Explain the difference between the allowance method and the direct write off method for accounts receivable. Document the method

used for each of the three companies.
Business
1 answer:
Rama09 [41]3 years ago
3 0

Answer:

Under the direct write-off method, a bad debt expense is only charged when it is evident or very likely that a note receivable will not be paid. Under this method, the bad debt expense is an exact amount, and it is only recorded after the sale is made.

Under the allowance method, bad debt expenses are recorded at the same time the sale is made, based on an estimate or average of the bad debt expenses that the company has had before. This method is less accurate because the bad debt is an estimate, not a specific amount.

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Why not use the silver standard for money?
xz_007 [3.2K]
Do u mean the nickles and dimes??
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3 years ago
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lawyer [7]

Answer:

<u>b. exports > imports.</u>

Explanation:

Note that when a country's exports are less than imports of the country that is a case of unfavorable balance of trade.

So Mercantilists often aim to see excess of exports over imports which they believe means added income (exports) and less of expenditure ( imports).

Remember the balance of trade (BOT) looks at foreign exchange between countries.

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hen a manager decides to give a sales executive a bonus at the end of the fiscal year for a job well done, it is an _____ for th
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Answer:

D. Extrinsic Reward

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5 0
3 years ago
Read 2 more answers
Nigel currently has a balance of $668.47 in an account he has held for 15 years. he opened the account with an initial deposit o
VashaNatasha [74]
<span>You are given Nigel's current balance of $668.47 in an account he has held for 15 years. Also you are given an initial deposit of $497. You are asked to find the simple interest rate on the account. You will use the simple interest formula, F = P(1 + rn) were F is the current balance, P is the principal amount deposited, r is the rate and n is the number of years.

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4 years ago
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torisob [31]

a.true

Because with said the the margin of safety is the amount that sales can drop before the company incurs a loss.

read the question aloud and it will make sense.

4 0
3 years ago
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