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torisob [31]
3 years ago
10

A method of estimating bad debts expense that involves a detailed examination of outstanding accounts and their length of time p

ast due is the:
Business
1 answer:
3241004551 [841]3 years ago
8 0

Answer:

The answer is aging of accounts receivable method.

Explanation:

This method helps accountants in determining how much of a company’s account receivables would not be collected. This is related to unpaid invoices of a company’s customers. Though invoices usually have due dates, according to the company, customers who haven’t paid even after the due date has passed must be calculated using this method for more accurate accounting reporting.

You might be interested in
Damaris is a member of AASA. What did she most likely learn from a meeting she recently went to? A professional accountant would
Andrew [12]

Answer:

<u>There is a conference for school principals coming to town</u>

<u>Explanation:</u>

Remember, the full meaning of the acronym AASA is the American Association of School Administrators.

Hence, we could more likely conclude that from all the listed options, she most likely learned from such a meeting that there is a conference for school principals coming to town because members of this organization consist mainly of leaders of educational facilities such as principals.

4 0
4 years ago
Read 2 more answers
A bank has a reserve requirement of 0.08. If it has demand deposits of $200,000 and is holding $4,000 in reserves: a. the bank i
hoa [83]

Answer:

Option (d) is correct.

Explanation:

Given that,

Reserve requirement = 0.08

Demand deposits = $200,000

Holding in reserves = $4,000

Reserve required:

= Reserve Requirement ratio × Amount of demand deposits

= 0.08 × $200,000

= $16,000

Therefore, the reserves in holding is less than the required reserves. Hence, the bank is not meeting its reserve requirement.  

5 0
3 years ago
Danny, the manager of Wader Shoes, installed new machinery to speed up the production process after the assigned targets were no
lord [1]

<u>Answer:</u>Danny is making corrective actions

<u>Explanation:</u>

The last stage of the control process is that the manager has to take corrective actions in case of any deviation from the original production process. The real reason behind the deviation has to be found before the corrective action is taken.

When the assigned targets are not achieved even after installing the new machinery then the managers to access the reason behind it. The reasons might be wrongful strategy or unrealistic objectives. Corrective actions such as revising standards, objectives and strategies can be done.

5 0
4 years ago
Latoya is responsible for her company’s human resource information system. She wants to expand the system’s usefulness and is pr
Kipish [7]

Answer:

Latoya is responsible for her company’s human resource information system. She wants to expand the system’s usefulness and is preparing a recommendation to add data-mining applications. What does data mining involve?

a) analyzing large amounts of data, such as employee pay and performance

Explanation:

An information system is a combination of components that work collectively in the storage, transfer and processing of data. Information systems have various features including data mining which is a major component. Data mining can be defined as the process which data input is converted into useful information or output. In a company situation, there is usually large blocks of data. Going through these data blocks manually can be very tedious and time-consuming , thus costly. In most organizations however, they utilize data mining to break data down into simpler information that can be understood in a short time.

Data mining works by going through large data blocks and extracting relevant trends and patterns in them. Data mining has a number of uses, namely; detection of fraud, risk management of credit, and filtering opinion of users. The steps involved include: collection of data, then the data is loaded and stored in organizational servers, then analysts organize the data, then the data is processed using a software and finally the end result is presented in an easy to understand format.

In our case, Latoya is the company's human resource information system manager, thus her data-mining will probably involve analyzing large amounts of data, such as employee pay and performance.

8 0
3 years ago
Austin's total fixed cost at the bakery is $3,600 a month. Austin employs 20 workers and pays each worker $8 an hour. The margin
USPshnik [31]

Answer:

$0.66

Explanation:

Marginal cost is the cost of producing one extra unit of a product.

if each worker is paid $8, then the marginal cost of producing the last cupcake = $8 / 12 = $0.66

4 0
3 years ago
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