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
algol13
3 years ago
6

What is the normal balance for the allowance for doubtful accounts (debit or credit), and why?

Business
1 answer:
abruzzese [7]3 years ago
7 0

The allowance for doubtful accounts has a normal credit account.

This account is a contra-asset account. Since assets have a normal debit balance, this account would have a normal credit balance.

You might be interested in
Why might business professionals fail to speak up after observing unethical behavior in their company
AleksandrR [38]

1. They believe it is standard practice.

2. They rationalize that it's not that big of deal.

3. They say to themselves it's not their responsibility.

4. They want to be loyal.

6 0
2 years ago
Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units dur
alex41 [277]

Answer:

D. $28.50

Explanation:

6 0
3 years ago
Ne
natta225 [31]

Answer:A. Recycle their old cell phones

Explanation:just took the test on edgeunity

6 0
2 years ago
According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in
Alex_Xolod [135]

Answer: According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in the production of those goods and services  "a. they can provide at a lower opportunity costs."

Explanation: The comparative advantage is the ability of a country to produce a good using relatively less resources than another. The theory of comparative advantages says that Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally be able to participate in the international market.

5 0
3 years ago
An investor interested in obtaining the benefit of professional portfolio management has been tracking a particular investment c
Evgen [1.6K]

Answer:

C. an open-end fund

Explanation:

An open end fund also known as mutual fund is a diversified investment portfolio that does not have a limit in terms of shares that can be issued. In an open end fund, when shares are purchased by investors, more shares are created likewise shares are taken out of circulation when they are sold.

Majority of open end funds - mutual funds can issue new shares at all times as per response to the demand by investors. Shares bought and sold in open end fund are priced daily based on their current net asset value (NAV) . Example of open end funds are hedge funds, mutual funds, exchange traded funds (ETFs)/etc.

7 0
3 years ago
Other questions:
  • Assume that John Smith is a salesperson employed by McCrackin Company. Smith’s regular rate of pay is $36 per hour, and any hour
    15·1 answer
  • If you illegally drive without a drivers license you may be fined up to $______ for your first conviction.
    6·1 answer
  • ​First-line managers are typically those who​ ________.
    10·1 answer
  • Companies may wish to implement a(n) ________ to achieve more growth, to realize higher margins, or simply to position themselve
    5·1 answer
  • Ben's Border Café is considering a project which will produce sales of $16,000 and increase cash expenses by $10,000. If the pro
    10·1 answer
  • The term "workforce engagement" refers to: a. the extent of workforce commitment, both emotional and intellectual, to accomplish
    14·1 answer
  • A trademark is a device that can take almost any form as long as it is capable of identifying and distinguishing specific produc
    11·1 answer
  • The chapter suggests that one way to work effectively with different personalities is to treat everyone with respect. How might
    11·1 answer
  • Classify the following exchanges as "Qualifying" or "Not Qualifying" as a like-kind exchange under § 1031. Qualifies / Not Quali
    5·1 answer
  • Why is a process view of organizations essential to becoming a successful manager?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!