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aleksley [76]
3 years ago
8

The collection of an account that had been previously written off under the allowance method of accounting for uncollectibleA. w

ill increase net income in the period it is collected.B. will decrease net income in the period it is collected.C. does not affect net income in the period it is collected.D. requires a correcting entry for the period in which the account was written off
Business
1 answer:
Alex777 [14]3 years ago
3 0

Answer:

C. does not affect net income in the period it is collected

Explanation:

The whole point of the allowance method is to do not impact the net income when performing a write-off

When a write-off occurs the following entry is made:

allowance for doubful accounts  debit

               account receivable                credit

If the account is reversed:

account receivable         debit

   allowance for doubful account     credit

cash                    debit

   account receivable      credit

There is no revenue or expense account used in the procedure. Therefore, it does not affect net income.

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An important difference between accounting and other 4 functions, such as marketing and management, is that
Stolb23 [73]
Well, since there's no options

Accounting : providing information regarding all financial aspects in the company

Marketing : determining kinds strategies to introduce  company's products to the market

Management : Organizing all part of the company in order to reach company's goal
3 0
3 years ago
In home replication strategy, knowledge flow is multidirectional, while in transnational strategy, it is one-way.
iVinArrow [24]

In home replication strategy, knowledge flow is multi directional, while in transnational strategy, it is one-way. This statement is False.

The companies offer standardized products and exploit the parent companies knowledge through the world. Their key strategic capability basically is to transfer the home countries innovations worldwide.

An example can be taken from the German automotive industry, which uses a home replication strategy when entering new markets.

The businesses provide uniform products and make use of the parent firms' knowledge globally. Their primary strategic capability essentially consists of exporting domestic ideas to other countries.

The German auto sector, which employs a home replication strategy when entering new markets, serves as an illustration.

Hence, option B is correct.

To learn more about Strategy here

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5 0
2 years ago
Ron Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inv
ch4aika [34]

Answer:

Segregation of duties.

Explanation:

Segregation of duties -

The concept of segregation of duties is based on the shared responsibilities .

It refers to the method of assigning different person for different task , is referred to as segregation of duties .

It is the fundamental building block for running a business efficiently , in order to reduce any management risk .

In the business it is the major case of any fraud or error , as one person is responsible for maximum duties functioning in the business .

Therefore , it is import to divide various duties .

Hence , from the given scenario of the question,

The correct answer is segregation of duties .

5 0
3 years ago
Which of the following practices will lead to effective recognition and rewarding of employees? Select one: a. Tying rewards to
MA_775_DIABLO [31]

Answer:

Rewarding behavior, not just results

Explanation:

Effective recognition means that you have to recognize the effort that being put by the person , not just the ideal outcome.

Let's say that you want to influence your employees to improve their productivity. There is a chance that some might fall and some might succeed.

Those who fall does not necessarily make lesser effort than those who success. There is a chance that they're focusing their effort on the wrong things.

In such situations, you need to acknowledge and reward the fact that they're willing putting the effort and give them advice on how to nudge the effort's direction so it become more effective.

4 0
3 years ago
Let’s say a company that makes a consumer product such as laundry detergent asks customers to write a positive review about the
torisob [31]

A company that makes a consumer product such as laundry detergent asks customers to write a positive review about the product in exchange for a small chance of winning a $1 discount coupon.<u>The cognitive dissonance theory predict that the attitude of the customer toward the product will become Positive</u>

Explanation:

Cognitive dissonance theory talks about a state of an individuals mind in which their exist a conflict between the  attitudes, beliefs or behavior of an individual,which produces a feeling of mental stress.

As per the cognitive dissonance theory Whenever  there is an disharmony between our  attitudes or behavior , we should make effort to   eliminate the dissonance.

In the above question the company has made an effort to remove the dissonance among its customers by giving them a small chance of  winning a $1 discount coupon.Thus resulting in a positive change in the attitude of the customer.

5 0
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