Answer:
C. does not affect net income in the period it is collected
Explanation:
The whole point of the allowance method is to do not impact the net income when performing a write-off
When a write-off occurs the following entry is made:
allowance for doubful accounts debit
account receivable credit
If the account is reversed:
account receivable debit
allowance for doubful account credit
cash debit
account receivable credit
There is no revenue or expense account used in the procedure. Therefore, it does not affect net income.
The journal entries are as follows
On December 31
Bad debt expense Dr $3,080 ($616,000 × 0.50%)
To Allowance for doubtful debts $3,080
(Being the estimated bad debt expense is recorded)
On Feb 01
Allowance for doubtful debts Dr $308
To Account receivable $308
(Being the written off amount is recorded)
On June 5
Account receivable $308
To Allowance for doubtful debts Dr $308
(Being the uncollected amount is recorded)
On June 5
Cash Dr $308
To Account receivable $308
(Being the cash received on account is recorded)
Answer:
The total number of hours the teams will spend on the projects is:
= 548 hours.
Explanation:
a) Data and Calculations:
Estimate of time to complete each program by various groups:
Programs
Business Education Surveys Beautification Total
Group 1 32 35 15 27 109
Group 2 38 40 18 35 131
Group 3 41 42 25 38 146
Group 4 45 45 30 42 162
Total 156 162 88 142 548
b) Each group's total time is added, and each program's total time is also added. The totals are then summed to get the overall total number of hours that the teams would spend on the various projects.
Answer:
(A) Mastering nonverbal signals will allow you to "read someone like a book."
Explanation:
Nonverbal communication refers to all the ways peop`le can communicate without using language like:
- tone of voice
- gestures
- posture
- eye contact
- body language
It is more probably that people inccur into nonverbal language without know they do so. In most of the time is unconsciosly
Anyway, mastering will not allow you to fully understand people entirely, people are different and they can expresse something but think different. And this is also applicable to nonverbal communication.
Answer:
c. more off-balance-sheet activities.
Explanation:
Large banks typically have more off-balance-sheet activities and more loans per dollar assets which lead to an increase in average cost.
Larger banks have lower equity capital than smaller banks thereby paying higher interests on their funds.
Larger banks have lesser core deposits than smaller banks. Smaller banks rely more on core deposits with rates not varying as open market rates, whereas large bank depend on wholesale funds that vary with market rates.