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
Lorico [155]
3 years ago
7

O’Brien Brewery and Delgado Vintage Wines both decided to write off a specific customer’s uncollectible account as a bad debt ex

pense. To record this transaction, O’Brien Brewery recorded a debit to Bad Debt Expense, whereas Delgado Vintage Wines recorded a debit to Allowance for Doubtful Accounts. What is the difference between these two companies?
Business
1 answer:
vlabodo [156]3 years ago
4 0

Answer:

Both uses different methods when handling their accounts. O'Brien Brewery uses the direct write-off method for uncollectible accounts while Delgado Vintage Wines uses the allowance method for uncollectible accounts respectively.

Explanation:

O' Brien method records a debit to Bad Debt Expense and a credit to the specific Accounts Receivable account that is uncollectible. Delgado Vintage Wines' method records a debit to Allowance for Doubtful Accounts and a credit to the specific Accounts Receivable account that is uncollectible.

You might be interested in
Explain why supply and price are positively related
pishuonlain [190]

Answer:

see below

Explanation:

A positive correlation signifies that an increase in one variable results in the other variable moving in the same direction. Because supply and price are positively correlated, a price increase will increases supply. The opposite is also true.

Suppliers are business people whose main objective is to make profits. Higher prices give higher margins. Suppliers make higher profits when prices are high. The possibility of making higher profits motivates suppliers to increase supplies to the market. On the other hand, low prices may result in losses. When prices are low, supplies will shy away from the market to avoid making losses.

6 0
2 years ago
If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to
lord [1]
Answer would be Either A or B
4 0
2 years ago
Which of the following is an example of the operations concerns of a business plan?
Serhud [2]

<u>Answer:</u>

When composing the marketable strategy, the tasks plan <em>segment portrays</em> the <em>physical necessities </em>of your business' activity,

<u>Explanation:</u>

<em>For example,</em> your business' physical area, offices, and hardware. Contingent upon what sort of business you'll be working,

it might likewise incorporate data about stock necessities, providers, and a portrayal of the <em>assembling procedure.</em>

3 0
3 years ago
5. June sales were $27,000, while projected sales for July and August were $51,000 and $69,000, respectively. Sales are 60% cash
liraira [26]

Answer:

$41,400

Explanation:

The computation of the expected collections for July month is shown below:

Expected Cash collection for July = June Credit sales + July Credit sales

where,

June credit sales is

= $27,000 × 40%

= $10,800

And, the July credit sales is

= $51,000 × 60%

= $30,600

So, the expected collections for July month is

= $10,800 + $30,600

= $41,400

7 0
3 years ago
Suppose operation X feeds directly into operation Y. All of X's output goes to Y, and Y has no other operations feeding into it.
Maurinko [17]

Answer:

72 percent

Explanation:

The computation of the Y's maximum possible utilization is given below:

In the case when the maximum output received from C is 72 units per hour so the maximum input rate to Y should also be 72 units per hour as X and Y are linked in series

So as per the given situation, Y's maximum possible utilization is 72 percent

The same should be considered and relevant

4 0
3 years ago
Other questions:
  • Compare and contrast the views of big business and conservationists on the use of natural resources
    15·1 answer
  • On January 2, Boulder Co. assigned its patent to Castle Co. for royalties of 10% of patent-related sales. The assignment is for
    12·1 answer
  • When is a stock split more likely to occur?
    8·1 answer
  • The gasoline tax:
    9·1 answer
  • Can someone help me please i will give you extra points the question is above
    11·2 answers
  • 1. Which of the following is characteristic of governmental fund accounting and financial reporting? a. The inclusion of only fi
    7·1 answer
  • Zokro, a nongovernmental not-for-profit organization, uses the indirect method to prepare its statement of cash flows. In determ
    11·1 answer
  • On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,00
    11·1 answer
  • What kind of network might you have at home?
    14·2 answers
  • Organizational behavior clearly indicates that managers should be held accountable for task performance results but not job sati
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!