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Ahat [919]
3 years ago
14

True or false: The allowance method of accounting for bad debts records the loss from an uncollectible account receivable when i

t is determined to be uncollectible. No attempt is made to predict bad debts.
Business
1 answer:
PSYCHO15rus [73]3 years ago
7 0

Answer:

false

Explanation:

The allowance procedure estimates bad debt expense before an uncollectible account receivable has been purposed to be uncollectible.

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Serena just finished making a buyer presentation to Mark and Debbie Calhoun. Now that they understand the difference between bei
Yanka [14]

Answer:

Notifying Serena of any material changes

Explanation:

With Serena now serving as their (Mark and debbie Calhoun) agents, it is paramount that Serena (the agent) be notified about any material changes made by the buyers. The buying agents (in this case Serena) is an individual or organization that is responsible for purchasing goods or property on behalf of another person. They are usually license professionals who search and undergo the purchasing procedure of products that their clients is interested in owning.

8 0
4 years ago
2. On January 1, 2021, Legion Company sold $250,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and Decemb
Shalnov [3]

Answer:

$10,942.20

Explanation:

The computation of the bond interest expense for the six month is shown below:

= Carrying value of the bond × effective interest rate × number of months ÷ total number of months in a year

= $218,844 × 10% × 6 months ÷ 12 months

= $10,942.20

By multiplying the carrying value of the bond with the effective interest rate and the number of months we can get the bond interest expense and the same is to be considered

4 0
3 years ago
Ahrens Tech incurs costs of $33 per unit ($21 variable and $12 fixed) to make a widget it normally sells for $58. Ahrens has rec
vekshin1

Ahrens should accept Wholesaler B offers to buy 15,500 units at $42 each

<h3>What is Wholesaler?</h3>

The sale of goods or merchandise to retailers, industrial, commercial, institutional, or other professional business users, or other wholesalers and related subordinated services, is known as wholesaling or distributing.

In the supply chain, a wholesaler serves as an intermediary or middleman. The most common type of wholesaler is a company that buys finished products from manufacturers and distributes them to retailers, who then sell smaller quantities of the product to end users.

To summarize the key distinctions, retailers sell goods directly to end users in small quantities. Wholesalers, on the other hand, sell goods to other store owners and retail industry professionals, who then sell the goods to the end user.

To know more about Wholesaler follow the link:

brainly.com/question/7062667

#SPJ4

8 0
2 years ago
Which of these post secondary degrees comes after a master’s degree?
Jlenok [28]

Answer: Doctor's degree.

Explanation:

A doctor's degree is a diploma issued by universities. It is the highest Academic title that can be won at a university. In most countries, this diploma is valid after a particular scientific thesis is defended, and the candidate has the skill to teach at the highest academic level. In the United States and some other countries, there are also some types of technical or professional degrees that include doctors on their behalf and are classified as doctors in some of these countries. Some universities also award honorary doctoral degrees to contribute to the university, science, or community.

4 0
3 years ago
Kessen Inc.'s bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest
Scilla [17]

Answer:

Explanation:

The market value of debt is the present value of all future cash flows in servicing  the debt.

we need to identify the present value of the future cash flows as follows

Year     no of receipts    Cash flow           Discount factor      present value

1-7               7                        70                     5.1185                     358.296

7                 1                       1000                   0.5649                    564.926  

                             Present Value                                                 923.222

Annuity= P=R(1+(1+i )^-n) /i

Annuity= P=70(1+(1+8.5%)^-7/8.5% = 5.1185

Compound = S=P(1+i)

Compound =P=1000/(1+8.5%)^7    =  0.5649

the value of the bond is = 923.222

8 0
3 years ago
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