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WITCHER [35]
2 years ago
8

Ophelia Inc. just learned that Patton Inc., one of its customers with an outstanding accounts receivable balance, filed for bank

ruptcy. Assuming that the company utilizes the allowance method, Ophelia should record a(n): Multiple choice question. increase in Sales Revenue decrease in Accounts Receivable increase in Accounts Receivable increase in Allowance for Doubtful Accounts decrease in Sales Revenue
Business
1 answer:
wlad13 [49]2 years ago
4 0

Answer:

Ophelia Inc.

Assuming that the company utilizes the allowance method, Ophelia should record a(n):

decrease in Accounts Receivable

Explanation:

This means that the accounts receivable will be credited while the allowance for doubtful accounts is debited to record the decreased value.  The Patton Inc. account may not be recovered fully.  However, the amount of the decrease depends on the amount that can be recovered from Patton.  Thereupon, the accounts receivable will first be credited with the cash recovered with the corresponding debit entry in the Cash account.

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Singapore Airlines is rated one of the best airlines in the world and often requires ticket agents to serve as baggage handlers.
kherson [118]

Ticket agents often deal with luggage and so cross-training makes them more efficient.

Singapore Airways has been named this year's 'global's exceptional Airline' in Skytrax's Global Airline Awards. SIA also took the pinnacle spot in the 'world's exceptional First class', 'satisfactory Airline in Asia' and 'exceptional First elegance Airline Seat' categories in the 2018 ratings.

Accomplishing service Excellence price-successfully. SIA has two major assets planes and those and it manages them in order that its carrier is better than its opponents' and its fees are lower. in contrast to different airlines, SIA guarantees that its fleet is usually young.

Singapore has usually been very progressive in relation to patron enjoyment. They have been the first airline to have satellite communications for passengers, and on-demand seatback entertainment screens for economy suites on board their A380.

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3 0
1 year ago
The systematic risk principle states that the expected return on a risky asset depends only on the asset’s ___ risk.
Ahat [919]

The systematic risk principle states that the expected return on a risky asset depends only on the asset’s <u>market </u>risk.

<h3>What are systematic risk principles?</h3>

According to the systemic risk concept, the expected return on an asset is solely determined by its systematic risk. As a result, regardless of how much overall risk an asset carries, just the systematic part is significant in estimating the expected return (including risk premium) on such asset.

Market risk is a kind of systematic risk that affects the entire market. Because it cannot be diversified and distributed, the investor is compensated for it.

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Learn more about systematic risk principles here:

5 0
1 year ago
The confirmation of customers' accounts receivable rarely provides reliable evidence about the completeness assertion because:__
vlada-n [284]

Answer:d

Explanation:maybe

6 0
2 years ago
You have 40 years left until retirement and want to retire with $5 million. Your salary is paid annually, and you will receive $
Marat540 [252]

Answer:

16.67%

Explanation:

Calculation to determine what percentage of your salary must you save each year

First step is to calculate the Annual savings

Annual savings=$5 million*[(10%-3%)/(1+0.1)^40-(1+0.03)^40]

Annual savings=$5 million*0.07/(1.1^40-1.03^40)

Annual savings=$8333.88

Now let determine the percentage of the salary you must save each year

Proportion of savings=$8333.88/$50,000

Proportion of savings=0.1667*100

Proportion of savings=16.67%

Therefore the percentage of your salary that you must save each year is 16.67%

5 0
3 years ago
Gleason Company reported net income of $242,000 for the year. During the year, accounts receivable increased by $32,000, account
Degger [83]

Net cash provided by operating activities for the year is $265,000. $102,000. $242,000. $337,000 is :- <u>$265,000</u>

What is depreciation expense?

A fixed asset's share that has been deemed consumed in the current period is subject to depreciation expense. The cost is subsequently added to the expense list. With this charge, the carrying amount of fixed assets will be steadily decreased as their value is depleted over time. There is no cash outflow related to this item because it is non-monetary.

When an entry is made to the depreciation expenditure account, the contra asset account that offsets the fixed assets (asset) account is the accumulated depreciation account. Over the course of a fiscal year, the balance in the depreciation expenditure account grows; at year's end, the account is flushed out and its balance is reset to zero.

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4 0
1 year ago
Read 2 more answers
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