1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kiruha [24]
3 years ago
12

When the direct write-off method is used, an entry for bad debt expense is required Multiple choice question. when each sale is

made. at the end of the year. only when bad debts are recorded on the tax return. when the account receivable is determined to be uncollectible.
Business
1 answer:
Lapatulllka [165]3 years ago
7 0

Answer:

When the direct write-off method is used, an entry for bad debt expense is required

when the account receivable is determined to be uncollectible.

Explanation:

The direct write-off method requires that immediately an account receivable is deemed uncollectible, the amount is debited to the bad debts expense account with the corresponding credit entry in the accounts receivable account.  The other method is the allowance method.  Unlike the direct write-off method, the allowance method involves the debit entry to made in the Allowance for Uncollectible Accounts.

You might be interested in
i have a kid named aj he is talking to himself and he is allways yelling can you have me evidence he is from windy hill middle s
Diano4ka-milaya [45]

Answer: puberty.

Explanation: Kids go through puberty :)

4 0
3 years ago
Read 2 more answers
suggest promotional tools which the company can use to help it develop a completely new image for its product
vivado [14]

Answer:

The 4 Ps of marketing are product, price, place and promotion. All four of these elements combine to make a successful marketing strategy. Promotion looks to communicate the company’s message across to the consumer. The four main tools of promotion are advertising, sales promotion, public relation and direct marketing.

Thank you hope it is helpful if it is helpful plz mark me as brainlist

3 0
3 years ago
The dollar value of all goods and services produced annually in the united states is called _____________
Setler79 [48]
The gross domestic product is answer
5 0
3 years ago
Adam is a traveling salesperson for Peter Petri Plumbing Supply Corp. Adam has express authority to solicit orders from customer
Juliette [100K]

Answer:

Explanation:

Liability of Petri:

On all the purchases, if payment is made within 30days from delivery, Petri gave the authority of a 5% discount to Adam. Upon extension of credit to customers,  no terms were given to Adam.

In the case under consideration, Adam explicitly gave a false representation of his authority to get more sales on his account and thus, Petri is NOT accountable to John on his terms with Adam.

Liability of John:

Being a customer to Petri, John has to discover the detailed terms on discount and other payment terms with Petri when he called Petri. John is also accountable to make clarifications whether Adam has the authority to give a 10% discount and making payment in three installments.

In the case under consideration, John has failed to find the exact details on whether Adam has the authority to give a 10% discount. Thus, he is accountable to make the payment of $9500 in 30days.

6 0
3 years ago
After Juan wrote down the week's tasks, schoolwork, and after-school activities in his assignment notebook, he highlighted all t
Nimfa-mama [501]

Answer:

Its B

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Political behavior within an organization may include all of the following EXCEPT ________________.
    14·1 answer
  • Doss is vice president of marketing research for General Mills. The chefs at General Mills bring three new cookie recipes to Dos
    6·1 answer
  • Brutus' Fried Chicken patented the recipe for the spices used in the coating of the chicken. The patent protection lasts for 17
    13·1 answer
  • Tom is the quality control manager for the company XYZ. XYZ recently received some complaints about its product A's quality and
    12·1 answer
  • Bob works as a forklift driver in a manufacturing plant. When he is at work, he is covered by workers compensation insurance. Hi
    7·1 answer
  • How do safe investments usually have a lower rate of return than riskier ones?
    15·2 answers
  • The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance
    13·1 answer
  • A printer used 1890 digits to number all the page. How many pages in the book
    13·1 answer
  • Producer c has written 25 policies over the last 12 months, 4 of which have been issued to his employees in a side business, acc
    11·1 answer
  • Hamner Time has sales of $122,000, costs of $54,600, depreciation of $32,800, interest of $12,000, and a tax rate of 21 percent.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!