1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Hunter-Best [27]
3 years ago
12

Beta Corporation wrote off $100,000 due from a specific client in March 2011. However, this client was able to make a Partial pa

yment of $40,000 in June 2011. Recording this cash collection will involve all of the following accounts except:_________.
A. Bad Debt Expense
B. Accounts Receivable
C. Cash
D. Allowance for Uncollectible Accounts
Business
1 answer:
Otrada [13]3 years ago
4 0

Answer:

Option D Allowance for noncollectable Accounts.

Explanation:

The bad debt recovery recording is a two step process.

Step 1 Reverse the entry of bad debt with the amount received

Dr Trade Receivable $40,000

Cr                   Bad debts    $40,000

Step 2 Now record the receipt of amount as a reduction in trade receivable and increase in cash asset.

Dr  Cash  $40,000

Cr Trade Receivables $40,000

The only account unconsidered here was Allowance for the noncollectable account.

You might be interested in
volume_upclosed_captiondescriptionfullscreen According to Mikey, the founder of Holden Outerwear, manufacturing products at five
Ad libitum [116K]

Answer: a. increased paperwork at every step of the shipping process.

Explanation:

There is no excerpt attached but this should be the answer.

Having five different factories in China means that Holden Outwear would have to transport things to and fro all five factories including raw materials, intermediate goods and finished goods.

This represents a lot of shipping and shipping comes with paperwork. It would therefore be no surprise if the Holden Outwear is having to go through the bane of increased paperwork for manufacturing at five different factories.

6 0
3 years ago
The concept of market efficiency underpins almost all financial theory and decision models. When financial markets are efficient
Phantasy [73]

Answer:

sry I don't know the answer

sry

8 0
2 years ago
Ray Wilson is Quality Manager of the Tiffin, Ohio, plant of North-West Electric, a manufacturer of electrical components. Some N
Savatey [412]

Answer:

North-West Electric

Quality Department

If Ray decided to delayer his organization, what he would be doing is:

a. Reducing the number of job levels to achieve flexibility in assignments.

Explanation:

Delayering helps to cut some management layers from the organizational structure.  It reduces the administrative costs of running the entire organization.  Delayering helps the organization to make quicker decisions instead of following bureaucratic processes.  It also increases the effectiveness and efficiency of the organization.  Finally, it enables the staff to become more flexible and willing to step outside their established roles.

5 0
3 years ago
Durable ceramics, inc., provides inexpensive ceramic tile to builders of institutional buildings such as schools, prisons, and p
anzhelika [568]

Answer:

d. cost-less will go out of business, and durable will gain higher power over its customers.

Explanation:

Durable ceramics, inc will only reduce its prices if this is to its advantage. We live in a capitalist world where companies make decisions based on their own benefits. In this case, in order for Durable ceramics, inc to lower its prices and have no losses, it would expand its sales. In this way, Durable ceramics, inc would be able to capture customers from its competitors, and could make them go bankrupt.

Thus, we can conclude that if Durable ceramics, inc reduced its prices, Cost-Less would go out of business and Durable would gain greater power over its customers.

5 0
3 years ago
Jared expects to charge $60 per hour for his industrial maintenance business during the following year. He expects to reach 50,0
Nataliya [291]

Answer:

Explanation:

He should work with the 50,000 hours estimate instead of the 40,000 in order to avoid shortage of funds during the business year

8 0
3 years ago
Other questions:
  • A two-year Treasury security currently earns 5.25 percent. Over the next two years, the real interest rate is expected to be 3.0
    10·1 answer
  • The unemployment rate may underestimate the true extent of unemployment if:
    9·1 answer
  • The return on common stockholders’ equity is computed by dividing a) net income less preferred dividends by ending common stockh
    9·1 answer
  • The firm's efficient scale is the quantity of output that minimizesa. average total cost. b. average fixed cost. c. average vari
    8·1 answer
  • The minimum efficient scale is:Group of answer choicesthe minimum output level where the firm’s average total costs are lowest
    11·1 answer
  • When the strong dictatorial rule in Arlington unexpectedly collapsed due to the shocking death of the royal family in an explosi
    8·1 answer
  • The board of directors of Chestnut Inc. approved a restructuring plan on November 1, Year 1. On December 1, Year 1, Chestnut pub
    12·1 answer
  • How does risk management change when an organization ‘goes global?’
    14·1 answer
  • Variable Costs + Fixed Costs = ?<br> Total output<br> Total costs<br> Marginal costs
    7·1 answer
  • True or False: An individual investor is more likely to engage in foreign direct investment than a corporation. True False
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!