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Zanzabum
3 years ago
11

Under the allowance method, a.bad debt expense is recorded when specific customer accounts are determined to be uncollectible. b

.the allowance account and estimates are used. c.the allowance account is used, but estimates are not. d.primary users are small companies with few receivables.
Business
1 answer:
solniwko [45]3 years ago
6 0

Answer:

B) the allowance account and estimates are used.

Explanation:

When a company uses the allowance method, it will record an adjusting entry for the losses it anticipates from bad credits given to customers. The bad debts expense account is debited and the allowance for doubtful accounts (contra asset) is credited. Then as time passes and the amount of bad debts is  exactly determined, another adjusting entry is necessary depending whether the estimate was correct or not, or if it was under or over estimated.

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Identify and discuss five areas of modern business and the role ICT play in achieving business success
k0ka [10]

Answer:

The five areas of modern business and the role ICT play in achieving business success is discussed below in complete details.

Explanation:

ICT incorporates all digital technology that supports people, businesses, and establishments in managing messages and information. ICT helps by making a business more productive, efficient, and quickly react to customers' requirements. ICT can serve business ventures including layouts, production, Research and development, shipping and commerce, and feedback.

3 0
3 years ago
The United States uses mostly free enterprise principles in our economy; but the
Snezhnost [94]

I hope this helps

Explanation:

Mixed

4 0
3 years ago
Article 2 of the UCC deals with the sale of ___________. It does not deal with real property (real estate), services, or propert
yawa3891 [41]

Answer:

goods, common, predominant-factor

Explanation:

Article 2 of the UCC deals with the sale of <u>GOODS</u>. It does not deal with real property (real estate), services, or property such as stocks and bonds. Thus, if the subject matter of a dispute is goods, the UCC governs. If it is real estate or services, the <u>COMMON </u>law applies. If a contract involves both goods and services, the courts generally use the <u>PREDOMINANT-FACTOR </u>test to determine whether to apply the UCC

5 0
4 years ago
The risk premium for common stocks
Brrunno [24]

Answer:

D

Explanation:

Risk premium is the compensation given to investors for holding risky assets. The more risky an asset is, the higher the premium.

A rational investor would be unwilling to invest in a stock that offers zero premium because there is no compensation for the risk that is borne by the investor.

Risk premium is always positive.

Risk premium = expected rate of return of the asset - expected rate of return of the risk free asset.

The more risky the asset, the higher the expected rate of return. So, the expected rate of return of the asset would always be higher than the risk free rate. This makes risk premium positive

7 0
3 years ago
Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for he
Nuetrik [128]

Answer:

$30.1

Explanation:

Adjusted basis refers to the net value of an asset after considering depreciation and capital investments. It is the net value of an asset.

Adjusted taxable income is the income after adjusting for depreciation and interest.

For a sole proprietorship, the income of the business is the same as owners' income.  

For Renee, adjusted taxable income will be,

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=$78.1, - $10.1 - $12.7

=$54.9

Adjusted taxable income= Total revenue - net expenses

= $85 - $54.9

=$30.1

5 0
4 years ago
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