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3 years ago

Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31:

Business

1 answer:

Aliun [14]3 years ago

6 0

Answer:

Bad debt expense $102,500

To Account receivable - kim Abel $21,550

To Account receivable - Lee Drake $33,925

To Account receivable - Jenny Green $27,565

To Account receivable - Mike Lamb $19,460

(Being the written off amount is recorded)

Explanation:

The journal entry is shown below:

Bad debt expense $102,500

To Account receivable - kim Abel $21,550

To Account receivable - Lee Drake $33,925

To Account receivable - Jenny Green $27,565

To Account receivable - Mike Lamb $19,460

(Being the written off amount is recorded)

For recording this we debited the bad debt expense as it increased the expenses while at the same time it reduced the assets, so account receivable is credited

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A company bought a piece of land. It can use this resource to build a factory or to plant crops. The company can also hold onto

Anvisha [2.4K]

Answer:

Any value given up from not choosing the other options is the <u>opportunity cost</u>

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.

It represent the benefits that you misses out on when choosing one alternative over another.

In this case, the cost of opportunity is to plant crops.

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3 years ago

Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Nikkola had the following b

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Answer:

Average receivables = $157,500,000

Explanation:

<em>Account receivable represent the amount of credit made by a business which remain uncollected as at the reporting date. In other words, they represent the amount that customers are owing the business in respect of credit sales.</em>

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=( $142,650,000 + $172,350,000)/2

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3 years ago

Two or more organizations that join forces in order to achieve advantages that neither can perform as well alone are known as __

SpyIntel [72]

Answer:

correct answer is Strategic allies

Explanation:

Strategic allies is a arrangement between 2 or more than 2 organization for undertaking mutual beneficial projects even both retain their independence.

as they have less complex than a joint venture

and for improving their product and development competitor in the market , they can enter into a strategic alliance

so as that both organizations can work on common coal with benefit

so correct answer is Strategic allies

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3 years ago

Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external

WARRIOR [948]

Answer:

Yes, I agree.

Find explanation below.

Explanation:

The external environment of a business simply refers to the factors found outside the business which can have a profound effect on it. There are basically two types of external environments, namely;

1. The directly interactive which has a direct impact on the business. Examples include, business owners, the customers, contractors, and competitors.

2. Indirectly interactive whose impact on the business is not immediate. Examples include, the political , socio-cultural, economic influences among others.

Practical Examples:

1. Customers play a crucial role to the running of businesses. Managers must take care to listen to the concerns of the customers and attend to their needs urgently. For example, if a customer complains about his dissatisfaction with a style of service, managers should endeavor to address the concern to avoid losing the customer.

2.Political: Government rules and regulations have an impact on businesses because, not adhering to them could lead to sanctions and even closure of the business. Managers must ensure that they heed to and comply with governmental instructions, such as tax payment.

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3 years ago

Choose the correct description for the following money market instrument. A certificate of deposit is:

gulaghasi [49]

A correct option is option (c). A certificate of deposit is a debt instrument sold by a bank to depositors that pays annual interest on a given amount and at maturity pays back a debt instrument sold by a bank to depositors that pays annual interest of a given amount and at maturity pays back the original purchase price. The original purchase price.

What is an accurate description of money market instruments?

A variety of securities, such as short-term Treasury securities (such as T-bills), certificates of deposit (CDs), commercial paper, repurchase agreements (repos), and money market mutual funds that invest in these securities make up the money market.

Is it a certificate of deposit security?

A fixed-term investment or certificate of deposit won't deplete your capital because of market volatility. It is a safe financial vehicle with a guaranteed payout at maturity, similar to regular insurance. The money you deposit into your CD will grow steadily, so there is no possibility of losing any of it.

Learn more about the certificate of deposit: brainly.com/question/27240565

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The correct question is:

Choose the correct description for the following money market instrument.

Upper A certificate of deposit is a certificate of deposit is:

a short dash term debt instrument issued by large banks and well dash known corporations. A short-term debt instrument issued by large banks and well-known corporations. nothing

an overnight loan between banks.an overnight loan between banks.

a debt instrument sold by a bank to depositors that pays annual interest on a given amount and a maturity pays back debt instrument sold by a bank to depositors that pays annual interest on a given amount and at maturity pays back the original purchase price. the original purchase price.

a short dash term money market instrument issued primarily by banks and funded from corporations and a short-term money market instrument issued primarily by banks and funded from corporations and other banks through loans in which Treasury bills serve as collateral comma with an explicit agreement to pay off the debt other banks through loans in which Treasury bills serve as collateral, with an explicit agreement to pay off the debt shortly.

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2 years ago