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iren [92.7K]
3 years ago
8

Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses from uncollectible accounts. Th

e company's independent accountants did not protest when, contrary to GAAP, the company recorded bad debt expense only when specific accounts were determined to be uncollectible, rather than use an allowance for uncollectible accounts.
The concept demonstrated is:(A) Materiality. Correct(B) Cost-effectiveness.(C) Faithful representation.(D) Comparability.
Business
1 answer:
AfilCa [17]3 years ago
6 0

Answer: The correct answer is "(A) Materiality.".

Explanation: The concept demonstrated is Materiality because by having a mechanism for preventing bad accounts through their strict requirements, they only recorded bad accounts when they actually existed, instead of making a provision.

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I have lost a ticket to go to a concert this weekend. I had paid $50 for the ticket. A new one will cost me $50. I am debating a
rosijanka [135]

Answer:

The correct answer is option e.

Explanation:

Going to the concert will be a rational decision if the cost incurred is equal to the benefit earned.

Here, the ticket costs $50. Since the ticket is lost a new ticket is needed.

The value of time is $25.

The total cost will include both implicit as well as explicit costs.

The explicit cost is the cost of tickets. The implicit cost is the value of time.

The total cost involved is

= $50 + $50 + $25

= $125

For the decision to be rational the benefit earned should be at least equal to $125.

5 0
4 years ago
Fracbtion in simpiest form<br><img src="https://tex.z-dn.net/?f=%20%5Cfrac%7B2%7D%7B10%7D%20" id="TexFormula1" title=" \frac{2}{
dmitriy555 [2]

Answer:

\frac {1}{5}

Explanation:

You divide the top by 2 and the bottom by two.

6 0
3 years ago
Marketing is developing, promoting, and distributing products that satisfy
sertanlavr [38]

Answer:

true

Explanation:

Explanation: because it is.

8 0
3 years ago
A preferred stock has a face value of $100 and pays annual dividends at a rate of 8 percent. The required rate of return on this
denpristay [2]

Answer: $66.67

Explanation:

The value of a Preferred Stock is calculated with the following formula,

Value of the preferred stock = Annual Dividend/rate of return

The Annual Dividend is 8% of the face value so,

= 0.08 * $100

= $8

Therefore the Value of the Stock is,

= 8/0.12

= $66.67

4 0
4 years ago
Read 2 more answers
a(n) is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange, but d
Ratling [72]

An agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.

<h3>What are agent and broker?</h3>

Agents and brokers are described as the traders that conduct the trade of goods, or can associate with buying and selling processes. It is important to mention that agents and brokers form an important link in influencing a supplier, trading of products, and movement of goods.

The agents and the brokers do not possess the goods but act as an important intermediary who makes it easy to buy and sell. In other words, the agents and the brokers bring the sellers and the buyers together so that an effective negotiation process can be conducted.

It can be concluded that an agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.

To know more about, agents and brokers, check this link:

brainly.com/question/28264386

#SPJ4

7 0
1 year ago
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