Which of the following is NOT one of the responsibilities of the Federal Reserve?

Which of the following is a correct statement? Multiple Choice Writing off an uncollectible account under the allowance method d

jok3333 [9.3K]

Answer:

Estimating un-collectible accounts expense improves the matching of revenues and expenses.

Explanation:

When uncollectibles are recorded through allowance method then, bad debts expense is provided, which reduces net income. But at the time of writing off only the allowance and accounts receivables account is affected and not the net income.

When direct method is used then also the net income gets reduced, as bad debt expense and accounts receivables is affected.

And as provided in first para, when estimating and creating the allowance for bad debts, it affects net income, and it also represents the true and fair view of expenses and income.

Thus, statement c is correct.

4 0

3 years ago

On January 1st, 2019, Pizza Company awarded 5 million of its no par common shares to key personal. The award is subject to forfe

Allisa [31]

Answer:

A. Debit Compensation Expense $10,000,000

Credit PIC-Excess Par $10,000,000

Explanation:

The total cost of the stock options granted is allocated to the respective years in which the stock compensation relates as below:

Total stock compensation=market value per share on grant date*number of stock options

Total stock compensation=$10*5,000,000=$50,000,000

compensation expense allocated per year=$50,000,000/5

compensation expense per year=$10,000,000

6 0

3 years ago

A local marketing firm is considering launching a new and extensive social media marketing campaign. This investment of resource

slava [35]

Answer:

The marketing firm should use the Present Net Value calculation to see if the marketing campaign will add value to the company.

Explanation:

The Present Net Value is a calculation that brings to present time all the future cash flows of an investment. Seeing the campaign marketing strategy as a potential investment, the firm has to identify the revenue entirely caused by the marketing campaign. Doing this, the firm will identify inflows (sales) per year that have to be subtracted to the outflows (marketing expenses). The net value of every year is discounted at a discount rate, and if the Present Net Value is higher than 0, it means that the marketing strategy is expected to bring value to the firm

7 0

3 years ago

The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Y

nordsb [41]

Answer:

The payback period of the investment is 6.5 years

Explanation:

1. In order to calculate the payback period of the investment we would have to make the following calculation:

payback period of the investment=Year before full recovery+(Unrecovered cost at the start/cash flow during the year )

payback period of the investment=6+ ($23,000−$20,500) /$5,000

payback period of the investment=6.5 Years

The payback period of the investment is 6.5 years

5 0

3 years ago

Which of the following statements is correct? Multiple Choice If supply decreases and demand remains constant, equilibrium price

lbvjy [14]

The statement that is correct is D. If supply increases and demand increases, equilibrium quantity will fall.

Demand is the quantity of goods and services that one is willing to buy at a particular price and at a given time.

On the other hand, supply is the quantity of goods that a supplier wants to sell at a given price and time.

It should be noted that in a situation whereby there's an increase in the supply and the demand of a product, this will lead to a reduction in the equilibrium quantity.

Read related link on:

brainly.com/question/24940837

4 0

2 years ago