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Makovka662 [10]
3 years ago
9

Under the allowance method, writing off an uncollectible account Group of answer choices affects both balance sheet and income s

tatement accounts. is not acceptable practice. affects only balance sheet accounts. affects only income statement accounts.
Business
1 answer:
marishachu [46]3 years ago
4 0

Answer:

Under the allowance method writing of uncollectible account will only affect Balance sheet accounts

Explanation:

Uncollectibles when write of under allowance method will create reduce account receivable one side and also results in reduction of allowance for receivable on other side created previously, thus having impact only on balance sheet:

Entry will be:

Dr: Allowance for Doubtful Debts (Balance Sheet Item)  

Cr: Account Receivable (Balance Sheet Item)

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A share of BAC common stock has just paid a dividend of $1.00. The market return is 12% and the beta is 1.5. The three month T-b
alexdok [17]

Answer:

Required rate of return= 16%

Stock price= $13.50

Explanation:

A share of BAC common stock just made a dividend payment of $1

Market return is 12%

Beta is 1.5

Risk-free rate is 4%

Growth rate is 8%

The required rate of return for the stock can be calculated as follows

Required rate of return= Risk-free rate+beta×(market rate-risk-free rate)

= 4%+1.5(12%-4%)

= 4%+1.5×8%

= 4%+12

= 16%

The stock price can be calculated as follows

Stock price= dividend for the year/(rate of return-growth rate)

= (1×1.08)/(16/100-8/100)

= 1.08/0.16-0.08

= 1.08/0.08

= $13.50

Hence the required rate of return and the stock price is 16% and $13.50 respectively.

4 0
3 years ago
A firm in the market for designer jeans has some degree of monopoly power. the demand curve it faces has a price elasticity of d
Pavlova-9 [17]

Answer:

$86.67 is the profit maximizing price for the monopolist

Explanation:

In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula

Price= Marginal cost* (elasticity/elasticity+1)

Marginal cost = $65.0065

Elasticity = -4

Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67

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An automobile rental company interested in learning and adapting to the needs of its customers is focusing on the business​ driv
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The answer to the above situation or condition is Customer and supplier intimacy.
If a company or organization have a strategy on customer and supplier intimacy, this makes customers and suppliers valuable and important stakeholder within the company or organization. When they are important stakeholders they will feel themselves more valued.
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Answer:

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3 years ago
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vesna_86 [32]

Answer:

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Explanation:

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