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Tpy6a [65]
4 years ago
7

Acel Co. uses the allowance method to account for bad debts. Early in 2010, Acel determined that it could not collect $400 from

CTR, Inc. and wrote the balance off. On October 21, Acel received a check for $400 from CTR. The entries to record the receipt of cash on October 21 would include a debit to?
Business
2 answers:
Vikentia [17]4 years ago
4 0

Answer:

Accounts Receivable

Explanation:

Mashutka [201]4 years ago
4 0

Answer:

Accounts Receivables and Cash are debited

Explanation:

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why would it be cheapter to have pullition credits compared to reducing pollution units microeconomics
Katyanochek1 [597]

When Company A stops emitting pollution or lowers air pollution, a pollution credit may be created.

The federal Clean Air Act of 1990 (CAA) gave businesses a mechanism to comply with rules meant to reduce air pollution through the creation of pollution credits. Since 1995, a "cap and trade" system developed by the Environmental Protection Agency (EPA) and other states has given utilities and businesses permission to emit a set amount of particular pollutants. While assisting in upholding the requirements necessary to preserve cleaner air, this approach gives businesses considerable flexibility in their compliance. By voluntarily lowering its polluting emissions below the EPA's set limitations, a business can obtain pollution credits. After then, earned credits can either be sold to another business that struggles to keep its emissions within legal bounds or stored for later use.

learn more about pollution credit here

brainly.com/question/20038909

#SPJ4

7 0
1 year ago
Storico Co. just paid a dividend of $3.15 per share. The company will increase its dividend by 20 percent next year and then red
Elanso [62]

Answer:

$61.29

Explanation:

Calculation for what Storico Co. Share of stock will sell today.

Since we have a stock that has a normal growth in which the dividend growth changes every year for the first four years. We can therefore find the price of the stock in Year 3 because the dividend growth rate is constant after the third dividend, which means the price of the stock in Year 3 will be the dividend we are going to use in Year 4, we shall then divide it by the required return less the constant dividend growth rate.

Therefore the price in Year 3 will be calculated as :

P3= $3.15(1.20)(1.15)(1.10)(1.05) / (.12 – .05)

P3= $5.020785/0.07

P3=$71.72

Let find the price of stock today using the PV of the first three dividends in addition with the PV of the stock price in Year 3:

Hence,

P0= $3.15(1.20)/(1.12) + $3.15(1.20)(1.15)/1.12^²+ $3.15(1.20)(1.15)(1.10)/1.12^³+ $71.72/1.12^³

P0=$3.78/1.12+$4.347/1.2544+$4.7817/1.404928+$71.72/1.404928

P0=$3.375+3.465+3.4035+$51.048

P0= $61.29

Therefore if the required return on the company’s stock is 12% what the share of stock will sell for today will be $61.29

8 0
3 years ago
Within the joint environment, cooperation requires team players, and the willingness to share
agasfer [191]

The answer is: Credit with all team members

When the credit for the success of the team only given to one person, it most likely create a situation when other team members felt that they are not being valued for their efforts. Sharing credit with all team members would make team members felt that their presence/effort matters.

7 0
3 years ago
Read 2 more answers
What are the requirements for an entity to account for a contract with a customer?
grigory [225]
A contract with a customer must meet all of the following criteria:
Has approval and commitment of the parties.
Rights of the parties are identified.
Payment terms are identified.
The contract has commercial substance.
Collectability of consideration is probable.
4 0
3 years ago
One disadvantage of a direct democracy might be
Evgesh-ka [11]
Many people are ignorant, they may not have a lot of knowledge on one voting topic.
8 0
3 years ago
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