Answer:
On February 1, a customer's account balance of $2,700 was deemed to be uncollectible.
The entry to be recorded on February 1 to record the write-off assuming the company uses the allowance method is:
Debit Allowance for Doubtful Accounts $2,700; credit Accounts Receivable $2,700.
Explanation:
Using the allowance method, every bad debt entry is first reflected in the Allowance for Doubtful Accounts before it is taken to the bad debt expense account.
The entries above reduce the Accounts Receivable account by the amount of the write-off and reduces the Allowance for Doubtful Accounts by the same amount. Any recovery of written off debt is also treated in the Allowance for Doubtful Accounts and the Accounts Receivable account in revised order. This method is unlike the direct write-off method. With the direct write-off method, the Accounts Receivable is credited with the amount of the write-off and the write-off is expensed in the Bad Debts Expense account directly.
<span>FALSE. You must carry insurance on motorcycles as well as cars. </span>
Answer: 40 pounds
Explanation:
Given the following :
Ordering cost = $10 / order
Carrying cost = 4 cents per pound per day
Cost of pepperoni = $3 per pound
Daily demand = 20 pounds
Order quantity = 80 pounds
Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as
Average inventory level is given as :
Order quantity / 2
80 pounds / 2 = 40 pounds
Answer: increase in the number and severity of security threats.
Explanation: An increase in the number and severity of security threats can be directly linked to the increasing dependency of businesses on information systems which are used in turning raw data into useful information for decision making in businesses. They are designed to support a particular process within an organization or to carry out very specific analysis. The increase in the number and severity of security threats which target these data for nefarious purposes has led to businesses struggling to hire enough qualified professionals to safeguard against the growing threat. Hence, a strong, smart digital workforce is essential to combat the more frequent, more sophisticated threats emanating from across governments, businesses and organizations.
