All categories

3 years ago

Under the direct write-off method of accounting for uncollectible accounts Group of answer choices

Business

1 answer:

Temka [501]3 years ago

7 0

Answer:

b.a specific account receivable is decreased for the actual amount of bad debt at the time of write-off.

Explanation:

The journal entry to record the bad debt expense using the write - off method is shown below:

Bad debt expense XXXXX

To Account receivable XXXXX

(Being the bad debt expense is recorded)

So by passing this journal entry we get to know that the bad debt expense should be debited which reflects the actual amount as it increases the expenses while at the same time it reduces the asset account i.e account receivable

Hence, the correct option is b.

You might be interested in

Josh is a technological expert whose work with advanced broadband systems has made him one of the most high-profile figures at T

Sliva [168]

Answer:

visibility.

Explanation:

In this scenario, Josh is a technological expert who has carved a niche for himself in working with advanced broadband systems. Thus, Josh is one of the most high-profile figures due to his expertise at his work at Takemodo Telecommunications, one of the world’s leading technology companies.

Josh has his picture on the cover of magazines and his name popping up in several blogs all over the Internet.

This ultimately implies that, Josh has a high degree of visibility, which gives him influence over others.

Visibility simply means being famous and well known to many people across the world on several communication and media channels.

6 0

3 years ago

Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13

Maru [420]

Answer:

Null hypothesis: The mean price of restaurant meal is the same as fixing a comparable meal at home.

Alternate hypothesis: The mean price of restaurant meal is less than fixing a comparable meal at home.

Explanation:

A null hypothesis is a statement from a population parameter which is either rejected or accepted (fail to reject) upon testing.

An alternate hypothesis is also a statement from the population parameter that negates the null hypothesis and is accepted if the null hypothesis is proven false.

8 0

3 years ago

What does it mean to be intelligent?

lesya692 [45]

Answer:

Intelligence has been defined in many ways: the capacity for logic, understanding, self-awareness, learning, emotional knowledge, reasoning, planning, creativity, critical thinking, and problem-solving.

5 0

3 years ago

Read 2 more answers

Crafting a strategy to compete in one or more foreign markets can be considered complex because 34) A) factors that affect indus

Wewaii [24]

Answer:

Options A, B, C, and E.

(Please check the explanation section before you judge or pick your answer)

Explanation:

The options A, B, C, and E are the options that are considered complex if we want to Craft a strategy to compete in one or more foreign markets.

Please take note that if the question asked us to pick which of the options is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets then we would have picked Option D.

As given in the question, that is option D which says; '' buyer tastes and preferences creates challenges in standardizing products and services." Will not be a reason for crafting a strategy to compete in one or more foreign markets is inherently complex.

Countries due to globalization tends to participate in international trades. Competition in the international trade has its advantages as well as its disadvantages or risks.

To trade in the international market, countries must have their individual strategies and Option D above is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets

4 0

4 years ago

Read 2 more answers

What is the formation of a franchise ?

True [87]

Answer:

Franchise is the method where the business is expanded by opening outlets and that are to run or operated by the independent owners. The process or procedure of franchise is costly but will be regarded as an investment.

Explanation:

Formation or Steps of Franchise

1. Measure the Pros and Cons - Before starting a franchise, one should use a tested and a tried business model. As it will provide helpful services like advertising, training and business advice.

2. Select the Right Franchise - It is vital to choose a franchise which suits goals, personality and skills of the person. I

3. Formation of LLC (Limited Liability Company) or Corporation - It is advantageous or beneficial for the person to start the franchise as a corporation or LLC. In both the cases, whether LLC and a corporation offers or provides liability protection and the tax breaks which are beyond the reach of the sole proprietor.

4. Conduct Research on Market Conditions and Opportunities of Franchise -Need to have a good understanding of the conditions of the local market . And in order to locate good opportunities of franchising, require the assistance of a franchising consultant. One should make sure that while choosing the franchise should have the following characteristics:

a. Sufficient experience

b. Reasonably quick time to profitability

c. Affordable initial and ongoing costs

5. Need to create a Business Plan - Well-written business plan will help the person to be in state of being organized and deliver better pitches to the investors. The business plan must include the following:

a. Company protocol

b. Rules

c. Training manual for Employee

6. Have a Secure Financing - When starting a franchise, the person should have sufficient amount of capital in order to cover the initial franchise fee and the startup costs.

7. Sign the Franchise Agreement or Contract - Last step is to sign the contract and then can start the business.

6 0

3 years ago