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Bogdan [553]
4 years ago
8

The allowance method for uncollectible accounts is required by gaap because it conforms to the matching principle.

Business
1 answer:
alexdok [17]4 years ago
7 0
The answer would be TRUE because that is the definition, meaning, and purpose of the whole allowance method process since it goes to uncollectible accounts as a process.
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Average fixed costs for a given level of output can be determined graphically by:
Nadya [2.5K]

Answer:

The correct answer to the following question is option D) the vertical distance between ATC ( Average total cost ) and AVC ( Average variable cost ) .

Explanation:

AFC which is know as average fixed cost , can be taken out by dividing the total fixed cost from the total number of units produced. In the earlier phase , for the given number of units produced, both AVC and AFC curve would decrease, which would ultimately lead to fall in ATC. But when the units increase , the AVC would start to rise but AFC is still falling and due to this ATC would sill fall , because fall in AFC is still greater than rise in AVC . As output further rises , the AVC would keep on rising and would finally offset fall in AFC  and ATC would also start rising. Therefore AFC would be determined by vertical distance between ATC and AVC.

8 0
3 years ago
A company is planning to purchase a machine that will cost $24,000 with a six-year life and no salvage value. The company expect
Artyom0805 [142]

Answer:

The correct option is 4 years

Explanation:

Payback period is the length of time it takes an investment to repay itself.By repaying itself I meant the time horizon taken for the initial capital outlay from a project to be recovered.

Payback period=initial investment /net annual cash inflow

initial investment is the $24,000 spent in acquiring the new machine

net annual cash flow =net income+depreciation

depreciation is added because it is not a cash flow in real  sense

net annual cash flow=$2000+$4000=$6000

payback period=$24,000/$6000= 4 years

6 0
3 years ago
What strategic goal can an IS attain that does not involve wresting market share from competitors? Provide some business example
pishuonlain [190]

Provide some business examples. The strategic goal which an IS can attain without involving wresting market share from competitors by following certain measures like: By lowering the price of units to sell while maintaining the quality of the products. By offering new products and services.

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3 years ago
The total payroll of trolley company for the month of october was 960000 of which 180000 represented amounts paid to certain emp
vivado [14]

Answer:

$68,760  

Explanation:

The computation of the payroll expense is shown below:

FICA taxes ($960,000 - $180,000) × (7.65% - 1.45%) $48,360

Medicare ($960,000 × 1.45%)                                       $13,920

State unemployment tax {($960,000 - $600,000) × 1%}  $3,600

Federal unemployment tax {($960,000 - $600,000) × 0.80%} $2,880

Total                                                                                  $68,760  

6 0
3 years ago
You have set up an appointment for an in-home sales presentation with mrs. Fernandez, who expressed interest in the medicare pla
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Prior to conducting the presentation, obtain, and document having obtained her permission to visit, along with her interest in the specific products you will present.

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In order to develop a winning sales presentation, one must have to plan and prepare a proper presentation which consists introduction, questioning, objectives etc.

The main objective of the sales presentation is to present your product or service in a professional manner.

Learn more about the sales presentation here:-

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2 years ago
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