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abruzzese [7]
3 years ago
15

What effect does lowering the estimate for doubtful accounts have on the income statement and balance sheet? Do you believe Blai

r’s recommendation to adjust the allowance for doubtful accounts is within his rights as manager, or do you believe this action is an ethics violation? Justify your response.
Business
1 answer:
podryga [215]3 years ago
8 0

Answer no 1  

Bringing down the estimate for far fetched accounts makes the benefit bigger by paying off Bad Debt Expense and makes the Balance Sheet look better by exaggerating Assets. Since the contra-resource Allowance for Doubtful Accounts would be downplayed.  

Answer no 2  

This activity of change the stipends for far fetched accounts isn't inside the rights and zone of control of a director and is a moral infringement. No chief ought to have the option to transform anything inside the bookkeeping capacity. A supervisor ought to deal with the business, not the accounting for that business.

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To be a technical director at Maschopum, a film production company, one must possess knowledge in Python and other programming l
Troyanec [42]

Answer:

c. Work sample tests

Explanation:

Based on the information provided within the question it can be said that the best test to give an individual in this scenario would be a Work sample tests. These are tests that have been specifically designed in order to see if an individual has the ability to do an assigned job and then be able to evaluate their performance. This evaluation will give the employer an idea of how they will perform in the actual job position.

8 0
3 years ago
Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa
Vitek1552 [10]

Answer:

The correct option is B

Explanation:

Sierra offers to sell a puppy to Alyssa for the amount of $800. And they did not discuss the ancestry of the dog but Alyssa believes that the dog is from champion line. So, agreed on the same.

But later on she discovered the fact the she has been overpriced. So, grounded on this she is not allowed to revoke the contract. As she made made a mistake regarding the value or the worth of the dog not on the material fact of the dog.

4 0
3 years ago
As Markel drives buy a local restaurant, he realizes that he hasn’t eaten all day and is famished. He stops at the restaurant, a
DochEvi [55]

Answer:

1. low- involvement decisions may sometimes enable consumers to skip steps in the consumer decision making process.

Explanation:

Consumer decision making process includes all the steps between consumer's generation of needs/wants and final purchase of the product.

The process comprises of below mentioned 5 stages:

  1. Need recognition : whereby a need is generated
  2. Search for information so as to identify products satisfying such needs
  3. Evaluation of all available alternatives i.e assessment of all available products satisfying a need and selecting the best alternative.
  4. Purchases , the stage wherein the consumer buys the selected product.
  5. Post purchase evaluation, i.e the stage when consumer evaluates whether he made the right purchase decision.

In the given case, the consumer realized that he hadn't eaten at all during the day and thus instantly stopped at a restaurant, made a regular purchase of a burger without caring for the menu or set of other available alternatives.

Here, the investment decision related to a meal, being a low cost decision and occurring in a famished state. So consumers while making such low cost decisions may not find going through the menu and spending much time in deciding as worthwhile and in short will likely skip steps in the consumer decision making process.

3 0
3 years ago
The final step of judging an advertisement’s effectiveness is to
denpristay [2]
Determine why it worked or why it did not.
5 0
3 years ago
Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To inves
kvv77 [185]

Answer:

a. Tyler says his costs are $25,900, and Greg says his costs are $66,500.

Explanation:

We know accounting cost is the expenditure made on ingredients by the company which is, $25000 that Walter paid for supplies last year. Walter also paid 3 % interest to his uncle,

Interest to the uncle = (30000*3)/ 100

                                   = $900

total accounting cost that an accountant quotes = 25000 + 900

                                                                                 = $25,900

According to the economist explicit cost is $25900. We also include implicit cost in it. If Walter would not be a business then he would be earning $40000 as teacher and $600 interest from savings bank account.

total economic cost according to economist = 25900 + 40000 + 600

                                                                           = $66,500

5 0
3 years ago
Read 2 more answers
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