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3 years ago

Charged off as bad debt canceled by credit grantor. True or False

Business

1 answer:

guajiro [1.7K]3 years ago

7 0

Answer:

"Charge off" means that the credit grantor wrote your account off of their receivables as a loss, and it is closed to future charges. When an account displays a status of "charge off," it means the account is closed to future use, although the debt is still owed.

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What's the difference between a brand-name and a generic product? A. The company that sells the product B. The side effects of t

katen-ka-za [31]

Answer:

Explanation:

The quality should be about the same.

The social responsibility should also be about the same.

There shouldn't be side effects of most products. If you are speaking of medications, there really ought to be the same side effects with the same severity and the same statistical occurrences.

The only difference is the company selling the product.

There have been exceptions to this where different "fillers" were used in the generic brand and the side effects were different and more severe. I've only heard of one case however and I cannot remember what it was. Manufacturers were careful not to let it happen again.

4 0

3 years ago

The type of unemployment associated with recessions is called:

kherson [118]

Answer:

cyclical unemployment

5 0

3 years ago

What was the approximate time period of the sales era?

Pie

The sales era was 1920s-1940s

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3 years ago

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of rec

Gre4nikov [31]

Answer:

a. 5% of $ 650,000= $ 32,500

b. Required Adjustment = $ 19,100

c. Required Adjustment = $ 34,900

Explanation:

Days Past Due

Total 0 1 to 30 31 to 60 61 to 90 Over 90

Accounts- $650,000 $412,000 $106,000 $52,000 $34,000 $46,000

receivable

Percent- 2% 3% 6% 8% 11%

uncollectible 22,320 8,240 3180 3120 2720 5060

a. 5% of $ 650,000= $ 32,500

B . Unadjusted Balance = $ 13,400 Credit

Estimated Balance= $ 32,500

Required Adjustment = $ 19,100

C. Unadjusted Balance = $ 2,400 Debit

Estimated Balance= $ 32,500

Required Adjustment = $ 34,900

4 0

3 years ago

A chemical company spent $ 530 comma 000 to produce 150 comma 000 gallons of a chemical that can be sold for $ 5.00 per gallon.

solmaris [256]

Answer:

If the company decides to process it further, it will increase operating income $68,000

Explanation:

Selling the chemical on processing,

the Sales will be = Gallons of chemical produce × Selling price per gallon

= 150,000 × $5

= $750,000

Cost of Processing the chemical = $530,000

Operating Income on selling the chemical:

= Sales - Cost of Processing the chemical

= $750,000 - $530,000

= $220,000

Total cost incurred to process the chemical into a weed killer:

= Cost of Processing the chemical +

= $532000 + $260,000

= $792,000

Sales of 150,000 gallons of weed killer:

= Selling price per gallon × Chemical produce

= $7.20 × 150,000 gallons

= $1,080,000

Operating income on processing to weed killer:

= Sales of 150,000 gallons of weed killer - Total cost incurred to process the chemical into a weed killer

= $1,080,000 - $792,000

= $288,000

So, If the company decides to process it further, it will increase operating income by:

= Operating income on processing to weed killer - Operating Income on selling the chemical

= $288,000 - $220,000

= $68,000

5 0

3 years ago