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
Rasek [7]
3 years ago
14

The ______________ of estimating bad debts expense involves a detailed listing of each customer's outstanding account and its le

ngth of time past due i Multiple Choice Direct write-off method. Percentage of sales method.
Business
1 answer:
Vedmedyk [2.9K]3 years ago
6 0

Answer:

Aging of accounts receivable method.

Explanation:

Accounts receivable are the payments owed to a business by its customers. Bad debt occurs when there is uncertainty that an account receivable will be recovered.

The accounts receivable aging method is used to classify debts based on on the length of time past due.

Classifications such as are based on length of time past due and when to time past due is too long it will be considered to be a loss.

Lengths of time used include: 1-30 days past due, 31-60 days past due, 61-90 days past due, 91-120 days past due, and greater than 120 days past due.

You might be interested in
Henry is a landlord renting an apartment to​ Steven, a student at a nearby university. The two enter into a​ one-year lease arra
Sindrei [870]

Answer:

Mitigate his damages

Explanation:

By law, mitigation involves making effort to reduce losses. Now, an individual claiming damages or losses due to break in contract or a wrongful act by another individual has a duty under the law to mitigate those damages. That is to say, the plantiff is under a duty under the law to reduce the loss by taking advantage of any opportunity arising that may help.redice the losses or damages. However, in this case, the plantiff, who's the landlord Henry did not mitigate the loss by not attempting to or renting the accommodation out for the remaining six month. Thus, the damages would likely be reduced because he failed to mitigate his damages as he should have done as required under the law.

3 0
3 years ago
A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cos
stich3 [128]

Answer:

The advertising spend would reduce income taxes by $2.8 million

Explanation:

The advertising expense since it is allowable expense from profits made in the year would reduce income taxes next year by  $2.8 million ($8 million *35%)

This means that because of its tax deductibility,it would make a business sense to incur the advertising cost of $8 million coupled with the fact the it has the potential to increase sales revenue over and above the current level of $280 million

3 0
4 years ago
When you choose to live with a roommate on a collage campus, you can live there for free. True or False?
Sergeu [11.5K]

Answer:

False

Explanation:

You just split everything 50-50

5 0
3 years ago
Last month unemployment fell to 4 percent, its lowest level in years. The economy is growing rapidly, but consumer prices have r
inysia [295]

Answer:

An increase in taxes.

Explanation:

A rise in the prices is indications that the inflation rate is high.  Policymakers should intervene by introducing contractionary measures that will counter the rising inflation. Fiscal policy measures, such as increasing taxes, reduce inflationary pressures without the risk of causing a recession.

Increase taxes reduces the purchasing power of businesses and individuals, thereby reducing the aggregate demand.  A reduction in aggregated demand lowers production levels, which results in low inflation but increases the unemployment rate.

6 0
4 years ago
A seller listed a home for $200,000 and agreed to pay a commission rate of 5%. The MLS stated that the commission would be share
earnstyle [38]

Answer:

The selling sales associate received $2,700

Explanation:

The final number was 180 thousand dollars. Then the MLS chared 5% of the total sale. Thus, 9 thousand dollars is the commission. Now, the commission was divided again and the sales associate received 50% of the listing office's commission. So those 9000 are divided in 2 and we get 4500 which then are divided and the selling sales associate receives the 60% of that amount or 2700 dollars.

4 0
3 years ago
Other questions:
  • The price of money borrowed or saved is called _____.<br> interest<br> loan<br> money supply
    8·1 answer
  • Unsubsidized Stafford Loans:
    8·1 answer
  • White Forest Financials is a small investment firm, operating in an extremely volatile environment. One of the company's two own
    14·1 answer
  • Which is the following one of the first things you should do when preparing to present yourself to an employee
    9·1 answer
  • Delany and efron want to form a limited partnership to do general business bookkeeping with an emphasis on tax accounting. in mo
    12·1 answer
  • Shelley’s Salsa produces and sells organic salsa. Last year it sold 3 million tubs of salsa at a price of $3 per tub. For last y
    8·1 answer
  • When service producers bypass intermediaries and market directly to final buyers, or when new channel intermediaries replace tra
    12·1 answer
  • Ruby Company produces a chair for which the standard specifies 5 yards of material per unit. The standard price of one yard of m
    15·1 answer
  • What part of wildlife management involves trapping animals in areas where they are abundant and releasing them in areas of suita
    9·1 answer
  • you deposit $6000 in an account earning 2% interest compounded continuously. how much will you have in the account in 10 years?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!