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tankabanditka [31]
3 years ago
7

Our company has an account receivable for $12,500 that we have now deemed uncollectible. We use the direct write-off method. Whi

ch of the following accounts would we credit to record the write-off?
a. accounts receivableb. allowance for doubtful accountsc. bad debt expensed. cash
Business
1 answer:
ryzh [129]3 years ago
3 0

Answer: a. Accounts Receivable

Explanation:

The Direct Write-off method is usually used by businesses where Uncollectible Receivables are not common. This way when it does occur, they simply debit the Bad Debts accounts and credit the Accounts Receivables to show the event.

This method of Accounting violates the Matching Principle under the Accrual basis because it usually does not recognize bad debts in the same period that the inventory was sold. It only records bad debts when they are declared which could be periods afterwards.

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A licensing agreement: a. is the best way to protect proprietary technology from future competitors. b. can be greatly impacted
cupoosta [38]

Answer:

c. allows a foreign firm to purchase the right to manufacture and sell a firm's products within a host country.

Explanation:

  • The licensing agreement is a legal contract between the parties knows as licensor and the licensee, where the licensor allows for the sales of the goods and to apply the brand name of the product or use the patent technology.  
  • As it usually refers to a written contract and the payment s termed as loyalty. Any failure to follow the agreement may lead to the termination of the license and the payments.
8 0
3 years ago
Consider the following statement: ''Real GDP is currently $17.7 trillion, and potential real GDP is $17.4 trillion. If Congress
Elena L [17]

Answer:

C. more than $300 billion.

Explanation:

As it is given that

Decrease in government purchase by $300 billion

Tax increased by $300 billion

Based on this we can interpret that if there is a more decrease in gross domestic product which leads to the decrease in government expenditure or the government tax is increased is because of multiplier effect as it shows the positive relationship between the spending and the final income

Therefore, the third option is correct

Hence, the above statement is false

6 0
3 years ago
Products that are difficult to move out of a plant once they are manufactured, such as ocean-going vessels and room-sized murals
Lesechka [4]

Answer:

fixed-position

Explanation:

3 0
3 years ago
The difference between a nominal variable and a real variable is that A. real variables are calculated in​ current-year prices a
Oksanka [162]

Answer:

Option (D) is correct.

Explanation:

Nominal variables are the variable which are calculated on the basis of current market prices such as nominal GDP. Nominal GDP incorporates all of the changes happened in a current year such as changes occured in the inflation or deflation in a current year.

On the other hand, real variables are those variables which are calculated on the basis of base year prices to take the effects of the inflation or deflation during the period of time. For example, Real GDP. real GDP is determined by the market prices of the base year, so that one can compare the actual effect effect of inflation or deflation during a period of time.

3 0
3 years ago
How should emotional appeal in fund-raising messages be used? A. Using a mild appeal to convince people and avoid offending them
marysya [2.9K]

Answer:

The correct answer is letter "B": Using sensory details to help people connect to a cause.

Explanation:

Sensory details are used in writing to attract readers' attention. Those details involve the use of the senses: <em>sight, sound, touch, smell, </em>and <em>taste</em>. Sensory details help information, whether written or spoken, to push the audience to interact with what us being prompted.  

<em>In case the objective of using sensory details for a fund-raising message, the writer, for instance, could talk about the need of collecting monetary resources to clean the river that crosses the bridge that connects the suburbs with the city because of its unpleasant bad smelling. The next time the reader goes through the bridge, the individual will likely pay attention to the smelling of the bridge to confirm what the author said, which will possibly lead him or her to contribute with the cleaning cause.</em>

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