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ArbitrLikvidat [17]
3 years ago
14

The direct write-off method of accounting for uncollectible accounts Group of answer choices a) emphasizes cash realizable value

. b) emphasizes the historical cost principle. c) is not generally accepted as a basis for estimating bad debts. d) emphasizes balance sheet relationships. e) emphasizes the matching of expenses with revenues.
Business
1 answer:
Deffense [45]3 years ago
8 0

In general, the direct debit system for accounts not received is not recognized as a basis to calculate bad debts.

Option-c

<u> Explanation: </u>

However, some transactions may not be received on record. Customers are split, unable to pay, and usually lack the morals to conclude a half of the contract. Certainly, a corporation has legal recourse to seek to recover these accounts, but they often fail.

In addition, an accounting system to calculate and document these non-collectible products is required. Unrecoverable loans are often named "bad debts”. This method is a simple way of paying for purchased intangible assets. This method excludes a particular account payable at that time it is eventually considered uncollectible from bank records.

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Julie is trying to determine why there are such dynamic fluctuations in the conversion volume of her online website in the past
Klio2033 [76]

Answer:

Option D

Explanation:

Review of full history would include impressions share report which can be used to analyse loss of visual impression share, reason for loss can be identified and proper solution is administered.

3 0
3 years ago
Use the following information to determine this company's cash flows from financing activities.
stira [4]

Answer:

The answer is ($183,000)

Explanation:

This section deals with cash flows used to fund(e.g borrowing and repayment of loans) the business

Statement of cash flow(Partial)

Issued common stock for cash----------------------------------------------------------$74,000

Paid cash dividend-------------- ($13,000)

Paid cash to settle a note payable -----------------------------------------------($125,000)

Paid cash to acquire its treasury stock----------------------------------------($119,000)

Net cash flow from financing activities-----------------------------------------($183,000)

6 0
2 years ago
What term refers to the knowledge, education, training, skills, and expertise of a firm's workers?
makkiz [27]
<span>Human capital is the term that refers to the knowledge, education, training, skills, and expertise of a firm's workers.
</span>Gary Becker, an economist from the University of Chicago has popularized this term. <span> The human capital includes assets of individuals that can be used to create economic value for the individuals, their employers, or their community: </span>
7 0
2 years ago
Allison invested $23,000 in an account paying an interest rate of 6.7% compounded annually. Assuming no deposits or withdrawals
Vadim26 [7]

Answer:

18 years

Explanation:

Given that;

P= $23,000

A= $76,300

r= 6.7%

From

A = P(1 + r/100)^n

76,300 = 23,000 (1 + 0.067)^n

3.3 = (1.067)^n

Taking logarithm of both sides

log 3.3 = log (1.067)^n

log 3.3 = nlog(1.067)

n= log 3.3/log 1.067

n= 0.5185/0.0282

n= 18 years ( to the nearest year)

8 0
3 years ago
A company received a bill for newspaper advertising services, $340. the bill will be paid in 10 days. how would the transaction
Sladkaya [172]

The transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

<h3>How is an accrued expense recorded?</h3>

An accrued expense refers to an incurred outgoing that the service has been enjoyed previously and payment is due later.

According to the matching principle and accrual concept of generally accepted accounting principles, all expenses incurred within a financial period must be recognized in that period whether cash has been exchanged or not.

Thus, the transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

Learn more about recording accrued expenses at brainly.com/question/14524895

#SPJ1

6 0
1 year ago
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