Answer:
Explanation: from the above question, the inability of management to collect any outstanding debt from a customer after a particular time frame is termed a bad debt and it can be written off the books of the company.
From the question above, management determined that it will not be able to collect the $1,200 owed to it by one of its customers.
To write this amount off the books,
Debit : Account receivable $1,200
Credit: bad debit written off $1,200
The bad debt written off is an expense account where the amount uncollectible is expensed from the books of the company.
The answer is feedback. This is considered to be an information
in which is about the product or services being performed. They are also
referred to as reactions produced by other people in means of having to use it
as a basis for improvement or to correct some minor issues.
Answer:
D. All of the choices could occur when using a single discount rate for all projects.
Explanation:
- The discount rate is the rate of return that is used to discount the cash flows analysis in determining the present and future values of cash flows.
- The discount rate also called the discounted cash flow analysis follows the valuation method based on the time concept of money the DFC helps to find out the variability of the project by calculating the present values by the discounted rate.
- <u>Thus if all the projects are assigned the same discount rates then the aim of revaluation of the project choices will be the same for all the projects like investing in standards assets like the bonds. </u>
Answer:
Individual firms and workers are wage takers because they cannot exert any control over the market wage rate.
Explanation:
Remember, a labor market shows the availability of employment and labor, in terms of their supply and demand.
This scenario occurs in a purely competitive labor market.
In this market there many qualified workers with identical skills; meaning the workers share similar skills while the demand for such skills is high because of their importance to firms.
The four career pathways in the finance cluster are banking and related services, business financial management, financial and investment planning, and insurance services.
