The information that a manager or an owner can get by having an insight into the accounting information about accounts receivable and bad debts is how much amount of goods are sold to the consumers on credit and how much is the amount that the consumers are not able to pay for the goods that they had bought.
It will also help to decide how much of a provision is required to be kept in advance for bad debts. If a company has a high amount of accounts receivable but a small number of bad debts then it shows that the company is efficient in doing the credit sales and gives goods on credit only to those consumers who can give the debt back.
The manager or the owner can decide that they can do more credit sales as there is less chance of it becoming worse. If a company has a high amount of accounts receivable and a high amount of bad debts then it shows that the company is inefficient in doing the credit sales and gives goods on credit to consumers without a surety of getting the debt back.
The manager or the owner can decide that they cannot do more credit sales as there is more chance of it becoming worse.
Learn more about accounting information here brainly.com/question/26261281
#SPJ4
Answer:
In the third football game, the team's defense give up 10 points.
Explanation:
In two games, team has given up average of 28 points per game.
So, total points given up in two games is:
= (28 × 2)
= 56 points.
In three games, team has given up average of 22 points per game.
So, total points given up in three games is:
= (22 × 3)
= 66 points.
Points given up in third game:
= Total points given up in 3 games - Total points given up in 2 games
= 66 points - 56 points
= 10 points
So,
In the third football game, the team's defense give up 10 points.
Answer:
1. Pat is Middle Level.
Pat is trying to implement the strategic goals of the company which are set by Top Management. That would make Pat a Middle level manager.
2. Rick is Top Level.
Rick is developing the policies for the entire company which would place Rick at Top Manager level.
3. Daisy is a First-line Manager
Daisy is responsible for the loading products such that it is done effectively. This is an operational duty which would place Daisy at First-line level.
4. Ruth is a First-Line Manager
Ruth directs art staff who are non-managers which would make Ruth a first-line manager
5. Gary is Top Level
By developing projections on long term growth, that means Gary contributes to strategic decisions thereby making Gary top level.
6. Greg is Middle Level
Greg is in charge of first line managers which places him directly on top of them which means he is a middle level manager.
7. Mike is a Team Leader
Mike is in charge of the team which is the textbook role of a team leader.
8. Nancy is a Team leader
The members of the team go to Nancy when they need to resolve conflict or when they want to coordinate their activities. As the team leader is in charge of team coordination, Nancy must therefore be a team leader.
Answer:
The journal entry that Teal would make to record payment of this note would include a credit to: c) Interest revenue for $200
Explanation:
On March 14, Teal Co. accepted a 120 days, 6% note in the amount of $10,000 from AZC Co.
The entry:
Debit Note receivable $10,000
Credit Accounts receivable $10,000
Assuming that a year of calculating interest has 360 days. On the due date of the note, AZC honors the note and pays in full, include the interest of 120 days:
$10,000 x 6% x 120/360 = $200
The entry that Teal would make:
Debit Cash $10,200
Credit Note receivable $10,000
Credit Interest revenue $200
Answer:
1,2- See attached pictures.
3-
1. LIFO
2. Average
3. FIFO
Explanation:
See attached pictures.
