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dolphi86 [110]
3 years ago
7

The analysis of receivables method of costing inventory is based on the assumption that: a.the bad debt expense is recorded only

when an account is determined to be worthless. b.the uncollectible accounts can be estimated as a percentage of credit sales. c.the bad debt expense is recorded by estimating uncollectible accounts at the end of the accounting period. d.the longer an account receivable is outstanding, the less likely that it will be collected.
Business
1 answer:
coldgirl [10]3 years ago
8 0

Answer:

b.the uncollectible accounts can be estimated as a percentage of credit sales.

Explanation:

Accounts receivable refer to money that customer owes a business. Receivable arises because a company may sell its goods or services on credit. An analysis of account receivable involves an assessment of the aging report to determine the receivables that are likely not be paid.  

The allowance method is one way of managing the uncollectable accounts receivable. This method involves the creation of account bad debts expense account and a contra-asset account, the allowance for doubtful accounts. The business makes a record of the amount is expects not to be collected at the end of the accounting period. When a specific account receivable is confirmed as uncollectible, the accountant debits allowance for doubtful accounts while crediting accounts receivable. The assumption under this method is the bad debt expense can be estimated as a percentage of the total sales.

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Answer:

Q1.

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2.Firms must prevent resale of products from one buyer to another.

3.There must be a difference in price elasticities in the different markets for the product.

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Q2.

Other examples of price discrimination

Example of price discrimination are

1. The cost of movie tickets in a cinema: Prices at one theater are different for children, adults, and seniors. Also, the price may also vary due to preferential treatment given to VIP to watch same movie with other. Some cinema houses also give less privilege people or people with special needs such as albinos lesser prices. The prices of each ticket can also vary based on the day and chosen show time. Ticket prices also vary depending on the portion of the country as well.

2. Industries use price discrimination as a way to increase revenue. It is possible for some industries to offer retailers different prices based solely on the volume of products purchased. Price discrimination can also be based on age, location, desire for the product, and customer wage.

3.Airline travel and time of departure: Airlines charge different prices depending on the season, time of the flight and day of the week. During the peak holiday season, the prices will be higher because demand is greater and more inelastic. Airplanes also offer numerous ways to charge different prices for privileges like choosing a seat early or priority check-in. These perks are a way of extracting higher prices from those who want to pay for extras.

4.Quantity Purchased: Many sellers offer quantity discounts for bulk purchases as a way to get buyers to buy more.

Q3.

It is best left to the market to determine the price because some businesses are seasonal (i.e they are best sold based on season to season) example of such is packaging drinking water during raining season human water consumption is less because the environment is highly humid and people tends to consume lesser water. However, during dry season the sales peaked since there is much need to hydrate the system for healthy functioning of the body. So, if such business is to be regulated, the manufacturer may run at loss.

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3 0
3 years ago
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Many times, clients will shift new people into the project who have no experience with it as they move their key people to new c
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Answer:

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Explanation:

External issues do not affect an entity obviously.  The clients shifting new people into projects and moving their key people to new challenges know why they must be doing so.  It may be to encourage organizational learning.  It may be because the key people have been promoted and need to move to higher positions.

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Answer:

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