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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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The contrast error is committed when the rates rate people:
serious [3.7K]

Answer:

d) relative to others instead of against performance standards.

Explanation:

Contrast error is one that occurs during performance rating where a person is not rated objectively, but against previous people who performed good or badly.

The person's ratings is affected negatively or positively.

A person that performs well subconsciously sets a benchmark in the mind of the rater, and he now rates future participants based on this benchmark and not on performance standards that have been set.

5 0
3 years ago
How many companies does donald trump own?
Alex787 [66]
I can't give you an exact number but he has companies in hotels, casinos, real estate, golf courses,<span>Controversy Hitting Brand Power, CNN says he has 144 in total businesses</span>
4 0
3 years ago
The stock price of Baskett Co. is $53.40. Investors require a return of 12 percent on similar stocks. If the company plans to pa
Gemiola [76]

Answer:

Growth Rate = 5.73%

Explanation:

The present value of stock formula can be used here to solve this problem.

The formula is:

P_0=\frac{Div_1}{r-g}

Where

P_0  is the current stock price

Div_1  is the dividend to be paid next year

r is the rate of return required

g is the growth rate expected

Now, the first 3 variables are given, we need to find g. Substituting, we find our answer:

P_0=\frac{Div_1}{r-g}\\53.40=\frac{3.35}{0.12-g}\\53.40(0.12-g)=3.35\\6.408-53.40g=3.35\\53.40g=3.058\\g=0.0573\\

In percentage, it is

<u>Growth Rate = 5.73%</u>

7 0
3 years ago
Consumer Products Corporation wants to make an offering of securities to the public. This offering is not exempt from registrati
Ilia_Sergeevich [38]

Answer:

C. a prospectus.

Explanation:

Before a firm make an offering of its securities public, it must provide investors with prospectus as it contains the aims, purpose and objectives of the firm. All relevant information about the firm is contained therein.

Prospectus provides clarity to intending investors such as shares to be offerred for sale, issues on tax to be paid, investment policies, component of the fund and shares redemption etc. It is a legal document required by securities and exchange commission which gives information of an investment offering to the public about the sale of securities such as stocks, shares, bonds etc.

The prospectus must also give a concise information because investors will rely on it whether to invest by reviewing the investment fund and to check whether to invest in such fund.

5 0
3 years ago
During the first week of October, the workers at Walton's Widget Factory produced the following outputs: on Monday, 10 workers p
EleoNora [17]

Answer:

The average product of labor per day is 324

Explanation:

To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.

Average Product= total number of widgets /days

Monday, 10=250 widgets

Tuesday, 11=286 widgets

Wednesday, 13 =364 widgets

Thursday, 14 workers= 396 widgets

Friday, 12 workers=324 widgets

TOTAL WIDGETS= 250+286+364+396+324=1620

Days= 5 days

Average Product= 1620/5=324

8 0
3 years ago
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