Answer:
The write-off to be approved by two employees
Explanation:
Allowance Method
This method is capitalizes on matching principle. The key work is to record bad debts expense in the same period as the sales revenue.
Direct Write-off Method
This is simply known as when an accounts receivable are written off and bad debts expense is recorded when the company determines that it will not be able to collect from a specific customer.
Method used
Record bad debts expense and reduce accounts receivable
Debit: Bad Debts Expense
Credit: Accounts Receivable
Recovery method
Step 1: Reverse earlier write off
Debit: Accounts Receivable
Credit: Bad Debts Expense
Allowance For Bad Debts Account
It is usually in a contra asset account, in relation to accounts receivable, that holds the estimated amount of uncollectible accounts. The account is said to limits the asset receivable in anticipation of uncollectible debts.
Answer:
Return or Percentage Loss=-0.48=-48%
Explanation:
Given Data:
The margin requirement on a stock purchase =25%
Number of shares=100 shares
Price of purchase=$25/ share
Drop in Price=$22
Required:
Percentage loss=?
Solution:
Loss occurred=($22-$25)*100
Loss occurred=-$300
Actual amount at which shares are bought=0.25*($25*100)
Actual amount at which shares are bought=$625
Return or Percentage Loss=
Return or Percentage Loss=
Return or Percentage Loss=-0.48=-48%
The goal of every student is to have good grades. One can be attentive in studies by;
- Paying close attention in class.
- Always Taking good notes in class
- Plan ahead for any tests and projects that is to be done in your grade or level etc.
<h3>how can we be careful and attentive in our studies? </h3>
In studying, one needs to have an attentive and pay careful attention so as to come out with good grade.
It is advisable to read any note that one has been taught in class at home and not miss out on lectures.
Learn more about attentive studies from
brainly.com/question/9385838
Revolves around spending, saving, and borrowing!
Answer:
d. Longer product life cycle
Explanation:
Continuous innovation products are the most typical forms of innovation we see among new products every year. The primary reason a brand manager would support innovation investment in such products is <u>Longer product life cycle.</u> In this case of continuous product innovation, the product life cycle is longer in comparison to the existing ones and this is based on the factor that it possess additional factors or attributes that will contribute towards the same.