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sammy [17]
2 years ago
10

The direct write-off method: multiple choice follows the expense recognition (matching) principle. Is not permitted under GAAP.

is permitted if results are similar to the allowance method. Is permitted if results are not similar to the allowance method.
Business
1 answer:
Lera25 [3.4K]2 years ago
4 0

Answer: is permitted if results are similar to the allowance method

Explanation:

The direct write-off method is refered to as an accounting method whereby the uncollectible accounts receivable are being written off as bad debt. Here, the bad debts expense account will be debited while the accounts receivable will be credited.

The direct write-off method is permitted if results are similar to the allowance method. For the allowance method, it should be noted that an estimation of the bad debt future amount will be charged to the reserve account once the sale takes place.

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Freeman corp., a large corporation, plans to issue 45-day commercial paper with a par value of $3,000,000. freeman expects to se
fredd [130]

Answer:

The annualized cost of borrowing is 5.42%

Explanation:

The cost of borrowing is the finance charge which is the dollar amount of the loan that cost the person. Lenders usually charge what is referred to as the simple interest.

The formula to compute the same is as:

Principal  x rate x time = Interest

where

Principal amount is $3,000,000

Rate is not known

Time is 45 days, So time is number of days borrowed divided by number of days in a year

Time = 45 / 365 days

Time = 0.123

Interest = Par value - Selling Value

Interest = $3,000,000 - $2,980,000

Interest = $20,000

Putting the value above:

Rate = Interest / Principal  x Time

Rate = $20,000 / $3,000,000 x  0.123

Rate = $20,000 / $369,000

Rate = 5.42%

4 0
3 years ago
It can be a significant challenge to keep the project team ___________ as the project nears completion.
kherson [118]

As a project nears is completion, it has been found that it becomes a significant challenge to get the project team to remain focused.

<h3>Why does focus reduce as a project nears completion?</h3>

There are several reasons why a project nearing completion would lead to a loss of focus and one of them fatigue from having worked on the project for a certain period of time.

Another reason is that the project team will be getting ready to move onto a new project as the current project comes to an end. As a result, they will focus less on the current project.

In conclusion, teams lose focus as their project nears completion.

Options for this question are:

  • focused
  • working
  • energetic
  • together
  • performing

Find out more on project teams at brainly.com/question/13321211

#SPJ1

5 0
1 year ago
Reunion Corporation provides the following information. March 31, 2018 March 31, 2019 Net Income Preferred Dividends Total Stock
iris [78.8K]

Answer:

C) $1.74

Explanation:

                                                                              2018              2019

Net Income                                                       $358,000      $425,500

Preferred Dividends                                               $0                  $0

Total Stockholders' Equity Stockholders'    $4,380,000    $5,132,000

Equity attributable to Preferred Stock                   $0                  $0

Number of Common Shares Outstanding        294,464         195,168

earnings per share = (net income - preferred dividends) / average outstanding shares

  • net income 2019 = $425,500
  • preferred dividends 2019 = $0
  • average number of common stocks = (294,464 + 195,168) / 2 = 244,816

EPS = $425,500 / 244,816 = $1.738 ≈ $1.74

7 0
3 years ago
All of the following are true about the Free Application for Federal Student Aid (FAFSA) EXCEPT:
Tresset [83]
States have different deadlines for applying for state aid
7 0
3 years ago
Read 2 more answers
If the restaurant runs a sale and the customer arrival rate increases by 20%, how would this change the total time expected to s
kenny6666 [7]

Answer:

Explanation: when the total number of customers *increases*, in order to serve the increased number of customers, it needs to be done *faster* in order not to keep other customers waiting for too long. And also this increased customer patronage would increase as well, the number of cars driving through the drive way

4 0
3 years ago
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