Answer:
The statement is True as well as correct
Explanation:
Allowance method is the financial term which is defined as the uncollectible accounts receivable procedure that reports the estimate of the bad debt expense in the same accounting or fiscal year as the sale.
Under this method, it is used to adjust the accounts receivable which appears on the balance sheet.
For example,
If the company has the credit sales of $800,000 in December and estimate that the 4% will be uncollectible. Then using this method, computing the uncollectible as:
Bad debt expense = Sales × Estimate uncollectible
= $800,000 × 4%
= $32,000
So, this estimate the bad debt expense rather than wait to see which customer will not able to collect.
Answer: 1a. A supply chain is the summation of processes involved in ensuring that goods manufactured by a company gets to the final consumer.
Explanation:
1b. Managerial Accountants can improve the supply chain by looking out for hitches in the distribution cycle of goods and being proactive about handling them. Some measures to achieve these are;
1. Effective Logistics Network - All the resources used on logistics such as vehicles, Information technology devices/software, human resources, etc., should be regularly checked to be in good form at all times and equally, efficient.
2. Stock Control - Goods that may be required by costumers at any point in time should always be available.
3. Efficient Payment System - All resources used for payment including bank account information point of sale machines, should be regularly checked to be in good order.
4. Distribution Strategies - A clear cut map should be put in place by the management to facilitate an efficient and prompt delivery system. This can be done by strengthening all departments involved in distribution.
2. Sustainable Practices are those methods of production or initiatives, adopted by companies that seek to limit damage to the environment. An example, is recycling. These practices are geared at ensuring a safer world.
I would invest in a company that discloses their sustainable practices, first, because I believe they are transparent, and secondly because I believe that such companies aim at being enduring companies which are evolving and living up to the demands of a cleaner earth.
If price changes by a larger percentage than quantity demanded (i.e., if demand is price inelastic), total revenue will move in the direction of the price change. ... Demand is unit price elastic, and total revenue remains unchanged. Quantity demanded falls by the same percentage by which price increases.
Answer:
$46.31
Explanation:
Calculation to determine the current share price
Using this formula
Current share price=6.5*Present value of annuity factor(9.1%,12)
Present value of annuity=Annuity*[1-(1+interest rate)^-time period]/rate
Let plug in the formula
Current share price=6.5*[1-(1+0.091)^-12]/0.091
Current share price=6.5*[1-(1.091)^-12]/0.091
Current share price=6.5*7.124793
Current share price=$46.31
Therefore the current share price will be $46.31
Answer:
c. Individualism
Explanation:
Individualism -
It refers to the type of inclination toward an individual in terms of social, or ideology outlook , political philosophy and moral stance , is referred to as individualism .
These type of people lives by only one type of goal and desire .
And , these people tends to divert their mind towards their family and children rather than the society .
Hence, from the given statement of the question,
The correct term is individualism.
