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Arada [10]
4 years ago
9

If the allowance method of accounting for uncollectible receivables is used, what general ledger account is debited to write off

a customer's account as uncollectible?
a. Uncollectible Accounts Expense
b. Accounts Receivable
c. Interest Expense
d. Allowance for Doubtful Accounts
Business
1 answer:
natka813 [3]4 years ago
6 0

Answer:

The answer is D. Allowance for Doubtful Debt.

Explanation:

Allowance for Doubtful Debt reduces accounts receivable.

To write off an estimated amount that wont be received from a company receivables, the general ledge is the allowance for doubtful debt which is a contra asset account.

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Club Med Inc. talks to its present and potential customers to assess their needs for its products. Then it develops products to
spayn [35]

Answer:

marketing concept.

Explanation:

The above is marketing concept because it involves all actions taken to draw the attention of people towards the product offered by a business. The product so offered can be a physical good such as sale of home appliances or services to be rendered. Example of marketing concept are advertising a product either in the television or radio or on bill boards.

Marketing concept makes use of data to concentrate on the desires of consumers by developing products that would suit those need and also accomplish the organization goals of satisfying their customers needs.

7 0
3 years ago
Hidden Valley Communications, Inc., located in a remote area of Utah, made a special device that was used in 4th generation cell
Cerrena [4.2K]

Answer: Leveraged buyout

Explanation:

leveraged buyout is a system of business concept that describes an acquisition of a company done by debts. Where a company acquires another through borrowing money to match the cost of the company being bought. Company assets are often used as loan for collateral in this case and they are often used to trade the profit of many private equity firms.

This is what the employees at Hidden Valley Communications, Inc. did.

4 0
3 years ago
A company uses the dollar-value LIFO inventory method. At the end of 20X2 the cost index is 1.25 and the ending inventory at bas
lana [24]

Option A. 300000.

The four main ways to account for inventory are specific identification, first in first out, last in first out, and weighted average methods.

The retail inventory method is an accounting method used to estimate the value of a store's merchandise. The retail method provides the ending inventory balance for a store by measuring the cost of inventory relative to the price of the merchandise.

The FIFO method is the most popular inventory method because it's the one that most closely matches the actual movement of inventory for most businesses. This method assumes that the first products you acquired will be the first that are sold.

<em>Your question is incomplete. please read below to find the full content.</em>

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Learn more about the inventory method at

brainly.com/question/6640325

#SPJ4

5 0
2 years ago
Define ''limited in stock''
lianna [129]

Answer:

Inventory status of “Limited Stock” means that the retailer is reporting an item quantity of 1 on hand. This last remaining unit is oftentimes a display model of the product and therefore may not be available for sale. Occasionally a retailer may indicate "Limited Stock" for high demand items as well.

Explanation:

3 0
3 years ago
The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance
omeli [17]

Answer: $230,400

Explanation:

The Retained earnings account is mainly used to record how much the company retains from its past and present net incomes after paying out dividends to shareholders.

Ending Balance = Beginning balance + Net income - dividends

= 294,000 + (-27,600) - 36,000

= $230,400

8 0
3 years ago
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