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3 years ago

What happens if the amount of uncollectible account expense is overstated at year end?

Business

1 answer:

sergiy2304 [10]3 years ago

4 0

Answer: The correct answer is "A : Net Accounts Receivable will be understated.".

Explanation: If the amount of uncollectible account expense is overstated at year end the Net Accounts Receivable will be understated.

because it had been estimated that a larger amount of accounts receivable would not be possible to collect, but at the end of the year it turned out that more accounts could be collected than was believed possible.

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A company's mission statement does NOT:_____.

kondor19780726 [428]

Answer:d) give the company its own identity. explain "where we are headed.

Explanation: A company's mission statement is a statement that specifically highlights the following

(1) The needs of the customer which the company plans to fulfill.

(2) Highlight the company's products and services which are rendered.

(3) It should also identify the Customer or market it is trying to reach.

This is what a good mission statement should be, The mission statement is different from the vision statement which tends to highlight where the company is heading to in the future.

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3 years ago

M and M, Inc. produces a product that has a variable cost of $4.90 per unit. The company's fixed costs are $37,200. The product

iragen [17]

Answer:

So the amount of sales needed will be $144000

Explanation:

We have given selling price per unit =$8

Variable cost per unit = $4.90

Contribution margin per unit = 8-4.90=$3.1

Contribution margin Ratio = $\frac{contribution\ margin}{sales}=\frac{3.1}{8}=0.3875$

Fixed costs = $37200

Target profit= $18600

Required Sales amount to earn the desired profit = $\frac{Fixed costs + Target net income}{Contribution Margin Ratio}$

$=\frac{37200+18600}{0.3875}=$144000$

3 0

3 years ago

Several months after the reorganization, Jim Umpleby checks in with department managers to see how their employees are handling

Nat2105 [25]

Answer:

The correct answer would be options A and B.

Explanation:

When a company is in financial trouble or faced a bankruptcy, then a process of reorganization is used in an attempt to extend the life of the company through some special arrangement to make the organization successful and progressive.

In this question, Jim wants to know how employees of the company think of the new structure after the reorganization. So the best method to talk to employees directly is to give them a surprise visit and talk to them about the reorganization. Also town hall meetings should be arranged to meet the employees one on one in an informal gathering and talk to them about the reorganization.

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3 years ago

For every A you earn on your report card, your grandma gives you a twenty dollar bill. This is an example of

never [62]

Answer:

a positive incentive I think

Explanation:

8 0

2 years ago

Which of the following is an example of how high student loan debt can

irina [24]

A person may choose to rent instead of buying a property as they can't afford a down payment

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1 year ago