Answer:
Option D. management estimates the amount of uncollectibles
Explanation:
When the company estimates the bad debts, reflects it in the balance sheet through a Debit entry in the Bad Debt Expenses againts the asset account Allowance for Doubtful Accounts as a Credit.
When the bad debt are confirm as uncollectible the loss is reflected in the Account Receivable as a Credit with the correspondent debit entry in the Allowance for Doubtful Accounts.
Answer: 34 days
Explanation:
The average payment period is a measure that is used to show the time the firm takes on average to pay its creditors.
The formula is:
Cash cycle = Operating cycle - Average payment period
30 = 64 - APP
APP + 30 = 64
APP = 64 - 30
APP = 34 days
Answer:
The answer is: B) It is a type of globalization that lies between total isolation and total globalization.
Explanation:
Semi-globalization is a term that tries to explain how the world is becoming one single market (globalization) but at the same time barriers still exist and are very significant in different markets.
A few years ago this term was used to describe situations that arouse in emerging markets, where governments were trying to protect internal markets while trying to export their goods to developed countries.
Now it has become more common for developed countries to try to set entry barriers for foreign products but at the same time expect other nations to receive their products freely. E.g. Trump's trade war with China or the Brexit.
Answer:
Cash flows from investing activities is $653,200.
Explanation:
XYZ Company
Statement of cash flows (extract)
Proceed from sale of equipment ($80,000 - $34,000) $46,000
Purchase of vehicle $103,000
Proceed from sale of land $410,000
Proceed from sale of long-term investments in stock $94,200
Cash flows from investing activities $653,200
Answer:
The measure of occupational prestige is determined through the process in which a nationwide sample of people is asked to evaluate a series of different jobs.
Explanation:
Occupational prestige is also known as job prestige. It is a way used by sociologists to define the social position or standing of people based on their occupation. Rather than using the personal attributes of individuals, it ranks people according to their profession or occupation. The ranks lie from 0 to 100, with 0 being lowest score and 100 the highest. These ranks are alloted to different professions by conducting nationwide surveys.
