Answer:
All of the above.
Explanation:
Hunter-gatherer societies is a community of people also known as foragers, prehistoric men or early men, existed in the early ages. They hunt for food, they live a nomadic life, they use very crude implements made from things around them both for protection and hunting for food. The did not practice agriculture, they hunt for games.
They allocate according to the norms and values of their environment.
The direct write-off method of accounting for uncollectible accounts
<u>d. is not generally accepted as a basis for estimating bad debts.</u>
Explanation:
- A method for recognizing bad debts expense arising from credit sales. Under this method there is no allowance account.
- Rather, an account receivable is written-off directly to expense only after the account is determined to be uncollectible.
- One method of recording the bad debts is referred to as the direct write off method which involves removing the specific uncollectible amount from accounts receivable and recording this as a bed debt expense in the income statement of the business.
- The mechanics of the allowance method are that the initial entry is a debit to bad debt expense and a credit to the allowance for doubtful accounts (which increases the reserve).
- The allowance is a contra account, which means that it is paired with and offsets the accounts receivable account
They must deposit $5,227,272.73 if the trust fund will pay $115,000 per year and the trust fund earns an annual return of 2.2%.
The amount to be deposited today can be considered as the present value that can be described as the current figure of a future sum of money or stream of cash flows provided a specified rate of return.
The amount to be deposited or in other words, the present value can be calculated by using the formula for present value;
PV = Annual cash flow / Interest rate
Substituting the given values of annual cash flow and interest rate in this formula;
PV = $115,000 / 0.022
PV = $5,227,272.73
Therefore, the amount that has to be deposited today by them is calculated to be $5,227,272.73
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Answer:
Answer is explained in the explanation section below.
Explanation:
Yes, I do agree.
Reasoning:
The Argument of the new supervisors in favor of applying the technological calculation to large projects which have homogeneous buildings with 3-4 different floor plans is correct. There are no settings for buildings / dwellings with the same layout and all units go through the same processes and use the same funds. For major developments of a homogeneous nature, instead of creating works to make for each unit and cost collection separately for each unit, a process that costs each floor a plan as a separate product will be much easier and more efficient for control purposes.
This procedure will also provide important data, and reintroduction and monitoring will be much easier.
Creating individual work, so that it is only more difficult to follow a work order, costs and to monitor a large number of work orders at a given moment, which can easily be avoided by adopting a process that costs money.
Therefore, the arguments put forward by the new controller are quite acceptable.