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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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______ are typically a function of the performance of the organization and are less dependent on the perceived performance of th
iragen [17]

Answer:

A. Bonuses

Explanation:

A bonus is a type of compensatory amount given to the employees as a form of appreciation. The performance of the employees are considered and the bonus is provided to them based on their contribution. These are mainly provided on special occasions, especially when a sound revenue is generated in the company. Giving a bonus to the employees helps in building a bond among the employee and the company.

7 0
3 years ago
The amount of interest you will earn in one year from a savings account is the _____.
Vitek1552 [10]
The Y in APY means yearly, the answer is APY
3 0
3 years ago
If project A generates $10 million of free cash flow over its five year useful life and project B generates $8 million of free c
fredd [130]

Answer: False

Explanation:

This seems to me like a True or False question and the answer would be False.

Payback period is calculated on the basis of the timing of cash flows and since we do not know the useful life of Project B neither do we know the timing of it's cash flows, we cannot say for certain that Project A has a shorter Payback period.

For example, the initial investment could be $5 million for instance but Project A only pays $10 million on its 5th year whereas Project B had a useful life of 4 years and paid $2 million each of those years. Meaning it would have paid back before the end of the 3rd year.

If you need any clarification do react or comment.

8 0
3 years ago
The planning/control cycle has two planning steps. They are Select one: a. (1) make the plan, then (2) carry out the plan. b. (1
morpeh [17]

Answer:

a. (1) make the plan, then (2) carry out the plan.

Explanation:

The cycle of the planning/ control comprises of following steps

1. Make the plan

2. After that carry out the plan

3. Now the control is there by comparing

4. And finally, the control could be taken by taking corrective actions

According to the given situation,  the correct option is a

And, the rest of the options are wrong

8 0
2 years ago
Flagstaff Company has budgeted production units of 8,500 for July and 8,700 for August. The direct materials requirement per uni
baherus [9]

Answer:

17,080 ounces.

Explanation:

Given that,

Budgeted production = 8,500

Raw material required per unit = 2 ounces

Opening inventory  = 3,400

Direct material to be purchased:

= (Budgeted production × Raw material required per unit) + Closing inventory - Opening inventory

= (8,500 × 2 ounces) + (20% × 8,700 × 2) - 3,400

= 17,000 + 3,480 - 3,400

= 17,080 ounces.

5 0
3 years ago
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