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
Llana [10]
3 years ago
10

Which of the following statements is false? Multiple Choice The journal entry to record bad debt expense decreases current asset

s. The journal entry to write off an uncollectible account receivable does not affect current assets. The journal entry to record bad debt expense decreases retained earnings. The journal entry to write off an uncollectible account receivable decreases operating income.
Business
1 answer:
sammy [17]3 years ago
7 0

Answer:

The journal entry to write off an uncollectible account receivable decreases operating income.

Explanation:

Accounts receivable is the amount that debtors owe a business and is collectible at a particular time in the future. If however the debtor is unable to make payment, the amount owed is written of.

The journal entry to record the write-off involves a debit to accounts recievable and reduces allowance for uncollectible account balances.

This does not affect the operating income of the business.

You might be interested in
The fact that corporate travelers are less price sensitive than most leisure travelers because the corporation pays for the trav
Readme [11.4K]

Answer:

The correct answer is D. shared cost effect

Explanation:

The shared cost effect refers to the reduction in price sensitivity of a customer created through the perception that part of the purchase price is paid for by a third party of the firm itself.

5 0
3 years ago
The new Fore and Aft Marina is to be located on the Ohio River near Madison, Indiana. Assume that Fore and Aft decides to build
Nataly [62]

Po = 0.5385, Lq = 0.0593 boats, Wq = 0.5930 minutes, W = 6.5930 minutes.

<u>Explanation:</u>

The problem is that of Multiple-server Queuing Model.

Number of servers, M = 2.

Arrival rate, \lambda= 6 boats per hour.

Service rate, \mu= 10 boats per hour.

Probability of zero boats in the system,\mathrm{PO}=1 /\{[(1 / 0 !) \times(6 / 10) 0+(1 / 1 !) \times(6 / 10) 1]+[(6 / 10) 2 /(2 ! \times(1-(6 /(2 \times 10)))]\} = 0.5385

<u>Average number of boats waiting in line for service:</u>

Lq =[\lambda.\mu.( \lambda / \mu )M / {(M – 1)! (M. \mu – \lambda )2}] x P0

= [\{6 \times 10 \times(6 / 10) 2\} /\{(2-1) ! \times((2 \times 10)-6) 2\}] \times 0.5385 = 0.0593 boats.

The average time a boat will spend waiting for service, Wq  =  0.0593 divide by 6 = 0.009883 hours = 0.5930 minutes.

The average time a boat will spend at the dock, W =  0.009883 plus (1 divide 10) = 0.109883 hours = 6.5930 minutes.

4 0
3 years ago
Hello, im stuck. if i could get some ideas for this i will mark you brainliest if i can.
Shtirlitz [24]

Answer: so you are giving someone instructions like how to make a sandwich with a lot of detail so someone could do everything you did :)

Explanation:

✪ ω ✪

3 0
3 years ago
sales of new homes increased each month of the last year the economy is likely in. recession. expansion a trough or a plummet
olya-2409 [2.1K]
Expansion ..............
5 0
3 years ago
The person who receives financial protection from a life insurance plan is called a what?
Marina CMI [18]
The person who receives financial protection from a life insurance plan is called a Beneficiary

3 0
4 years ago
Other questions:
  • Rondelle, the manager of a busy hair salon, knows that she needs to entrust many of her tasks to supervisors and other employees
    13·1 answer
  • Which of the following statements about GDP is correct? a. GDP measures two things at once: the total income of everyone in the
    12·1 answer
  • A company had net income of $234,665. Depreciation expense is $21,819. During the year, Accounts Receivable and Inventory increa
    11·1 answer
  • At the end of 2021, Havana contributed $696 thousand to the pension fund and benefit payments of $624 thousand were made to reti
    5·1 answer
  • Identify each of the following accounts as a component of asset (A), liabilities (L), or equity (E). Account Balance sheet secti
    9·1 answer
  • "________ are a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially in
    11·1 answer
  • What does Strategic HR(Human Resource) mean?<br><br> Explain in your own words.
    8·1 answer
  • Bramble Corp. purchased a truck at the beginning of 2020 for $109000. The truck is estimated to have a salvage value of $3700 an
    9·1 answer
  • If the price of a $10,000 par Treasury bond is $10,275.00, the quote would be listed in the newspaper as ________.
    7·1 answer
  • In the sentence They discussed four important issues at the meeting, the word at is a(n) ____.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!