The given statement is false
Explanation:
A scheduled cash budget is not often prepared in conjunction with the sales budget and this shows the pattern in which the cash must be collected from the sales budget and this is mainly based on the previous collection pattern
In the sales the amount is collected only after the sales period ends and the cash receipts is most often prepared in conjunction with the pattern in which the previous sales was collected
Answer:
Explanation: i cant se what it says
Answer: True
Explanation:
Endpoint elasticity measures the price change and demand during the endpoint of the change. It uses a simple formula for the calculation of the price and the demand relationships. The formula is:
= (D2 - D1)/D1 ÷ (P2 - P1)/P1
where,
D2 = new demand
D1 = initial demand
P2 = new price
P1 = initial price.
The statement that "The endpoint method computes the percent change as a percent of the starting value" is true.
Answer:
option A. The loans provide Wren Corporation with a business bad debt deduction.
Explanation:
Bad Debt is an accounting term. it is used to denote a sad case where a borrower whose inability to pay back loan or funds borrowed from a creditor as a result of bankruptcy, mismanagement e.t.c. Bad Debt simply is cancellation (write-off) of an amount that is receivable in business.
Income taxation laws provides the avenue to granting a creditor to deduct any debt not repaid as a bad debt deduction, which will invariably reduce the taxable income.
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