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
motikmotik
3 years ago
10

Under the allowance method, writing off an uncollectible account a. affects only balance sheet accounts. b. affects both balance

sheet and income statement accounts. c. affects only income statement accounts. d. is not acceptable practice
Business
1 answer:
scoray [572]3 years ago
8 0

Answer:

A. affects only balance sheet accounts

Explanation:

writing off an uncollectible account affects only balance sheet accounts

You might be interested in
Anna employs Mark to purchase for her a suitable site for a roller rink. Mark owns a huge site himself and sells it to Anna at f
mylen [45]

Answer:

Fiduciary

Explanation:

A fiduciary is a person that is appointed to protect the interests of his principal.

He should ensure that all transactions favor his principal maximally. It also entails full disclosure.

In this case, Mark was going to be the beneficiary of the sale. Even if the site was sold at fair market value, Mark has responsibility to fully disclose the source of the transaction to Anna.

Conflict of duty is when the fiduciary benefits from his position. This is not allowed.

8 0
3 years ago
I need a sentence with the word carbon offset in it
Digiron [165]
After having consumed electricity and producing carbon dioxide, I made up for it by buying Carbon Offsets.
3 0
3 years ago
Read 2 more answers
Which one would be correct I’m to lazy to think :)
Levart [38]
I think it’s the second one letter B
6 0
2 years ago
Orchard Farms has a pretax cost of debt of 7.29 percent and a cost of equity of 16.3 percent. The firm uses the subjective appro
svp [43]

Answer: Net present value =  $446,556

Explanation:

First we'll compute the Weighted Average Cost of Capital :

Weighted Average Cost of Capital = K_{e} \times W_{e} + K_{d} \times W_{d}

= 0.163×\frac{1}{1.48} + 0.0729× (1 - 0.35 )× \frac{0.48}{1.48}  

= 0.1255

where;

K_{e} = Cost of equity

W_{e} = Proportion of equity

K_{d} = Cost of debt

W_{d} = Proportion of debt

Now, we'll compute the cost of capital using the following formula:

Cost of capital = Weighted Average Cost of Capital + adjustment factor

= 0.1255 + 0.0125

= 0.138 or 13.8%

∴ Net present value = Cash outflows - Total PV of cash flows

= $3,900,000 - $1,260,000 (Annuity value of 13.8% for 5 years)

= 3,900,000 - 1260000 \times \frac{[1-(1+13.8)^{-5}]}{13.8}

= $3,900,000 - $3,453,444

= $446,556

Therefore, the correct answer is option(b).

5 0
3 years ago
Finney Company's condensed income statement is presented below: Revenues $988,000 Expenses Cost of goods sold $400,000 Operating
larisa [96]

Answer:

Explanation:

Operating Segment

Hotels Grains Candy Totals

Revenues (1) $378,000 $450,000 $72,000 $900,000

Expenses—

Cost of goods sold (1) 192,000 196,000 12,000 400,000

Operating and admin. expense (2) 58,000 91,000 27,000 176,000

Depreciation expense (3) 14,900 12,800 2,300 30,000

Total expenses 264,900 299,800 41,300 606,000

Operating profit $113,100 $150,200 $30,700 $ 294,000

(1) Total times segment percentage.

(2) Hotels = ($200,000 × 35%) - $12,000 = $58,000

Grains = ($200,000 × 50%) - $9,000 = $91,000

Candy = ($200,000 × 15%) - $3,000 = $27,000

(3) Hotels = ($40,000 × 46%) - $3,500 = $14,900

Grains = ($40,000 × 42%) - $4,000 = $12,800

Candy = ($40,000 × 12%) - $2,500 = $2,300

3 0
2 years ago
Other questions:
  • After several years with the publishing house that Jessica started at after college, she has been promoted to manager of the fic
    11·1 answer
  • The Project Evaluation and Review Technique (PERT) was developed as a means of scheduling and controlling projects with constant
    10·1 answer
  • Sunshine Smoothies Company (SSC) manufactures and distributes smoothies. SSC is considering the development of a new line of hig
    9·1 answer
  • Information that has been measured and reported in a similar manner for different enterprises is _________.
    9·1 answer
  • On November 1, Year 2, Smith Co. contracted to dispose of an industry segment on February 28, Year 3. Throughout Year 2, the seg
    9·1 answer
  • Acme Global hired a director of safety to help the organization ensure proper compliance with the Occupational Safety and Health
    11·1 answer
  • The innovation paradox implies that consistency in products and services provokes a tension with the need for new products. This
    14·1 answer
  • Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00. During these years of part
    8·1 answer
  • ANSWER ASAP-- In one year, Corey earned $25,000 from his employer and a $300 capital gain from the sale of an investment. Corey
    14·1 answer
  • Samantha believes in interference theory. What does she MOST likely believe? A. Past information can get in the way of learning
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!