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
Alex777 [14]
3 years ago
7

On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it

by its customer Acme, Inc. The company uses the direct write-off method to account for uncollectible accounts. Prepare the necessary December 1 journal entry to write off this $1,200 uncollectible account journal entry
Business
1 answer:
zvonat [6]3 years ago
4 0

Answer:

See explanation section

Explanation:

To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.

December 31         Bad Debt Expense           Debit     $1,200

                              Account receivable - Acme, Inc.      Credit    $1,200

Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.

You might be interested in
By providing training in the responsible service of alcoholic beverages to servers and bartenders a business owner will A. Serve
Natasha2012 [34]

Answer:

The correct answer is A. Serve the appropriate number of shooters to customers

Explanation:

by this way, there won't be any inappropriate incident in the bar or the surrounding area and the word of mouth will go around stating that this bar is a responsible that is concerned about the customers. Eventually, they will have more customers and an increased loyalty and respect among the existing customers.

3 0
3 years ago
If Mike asked customers to complete a customer feedback survey after using his car detail service, he probably increased the lev
RideAnS [48]

Answer: b.) post-purchase evaluation

Explanation:

Post-purchase evaluation as the term implies, is done after the product is purchased and checks how well the product does what it is meant to do.

When Mike asks customers to complete a feedback survey, they will indicate on the survey what they thought of his service such that he would know whether he fulfilled his purpose for the service. This therefore includes the customers in the post-purchase evaluation.

3 0
3 years ago
When GE appointed Jeff Immelt--a white male and long-time GE executive--to succeed Jack Welch--also a white male--as their new C
geniusboy [140]

Answer:

Stability

Explanation:

When a company wants to make a transition in leadership there are various strategies being such change depending on business needs.

For example a company may want a strategic change, an ambiguous change, an innovative change, or a stable change.

In the given scenario GE appointed Jeff Immelt a white male and long-time GE executive to succeed Jack Welch also a white male as their new CEO.

There is no change in the profile of the new leader, and the fact that he is a long-time GE executive shows they want to maintain the same traditions as before.

So this is a stable strategy

3 0
3 years ago
A broker-dealer offers 4 summer passes to an amusement park to each of its agents who sell at least $10,000 of bonds during the
inn [45]

Answer:

I (allowed) and IV (not considered soft dollar compensation)

Explanation:

Soft dollar compensation refers to payments made to brokerage firms or agents as commission revenue. They differ from hard dollar compensation because hard dollars are payments that were agreed upon before an investor started working with the broker, while soft dollars are based upon variable commissions.

4 0
3 years ago
Part of the lands' end business model includes purchasing products and then selling them again without any reprocessing. lands'
Musya8 [376]
<span>Part of the lands' end business model includes purchasing products and then selling them again without any reprocessing. Lands' end is operating in the reseller market.
This company doesn't use the goods it has bought - it just sells it again to another company so as to get some profit.
</span>
7 0
3 years ago
Other questions:
  • Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased $
    10·1 answer
  • Gloria is opening an upscale women's clothing store in a growing suburban residential area. gloria knows her target market is up
    7·1 answer
  • In a general partnership, if one partners actions cause the firm losses, then
    10·1 answer
  • Jan is unmarried and has no children, but she provides all of the financial support for her mother, who lives in an apartment ac
    5·1 answer
  • The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It the
    12·1 answer
  • Kim works for a clothing manufacturer as a dress designer. She travels to New York City to attend five days of fashion shows and
    7·1 answer
  • What is one reason that a brand may not want to get rid of a product that isnt meeting goals?
    5·2 answers
  • An estimated demand curve does not necessarily match actual data perfectly because A. it is not possible to accurately calculate
    11·1 answer
  • What assumption is made with supply-side economics?
    11·2 answers
  • Each of the two hemispheres also begins to process information in a slightly different manner. Whereas the ___________ hemispher
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!