The function of money "Relative Value" is also

Otto, the previous ceo at idle time gaming, relied on a(n) ___________ style of management.

NeX [460]

Autocratic. An autocratic management style is one where the executive creates resolutions separately and without concern for even the most brilliant and knowledgeable persons under his authority. There are two types of autocratic or tyrannical leaders; A command autocrat that establishes judgement individually and mini-manages subordinates.

5 0

3 years ago

If texas instruments hires an accounting firm to compute the company's taxes, the accounting firm is providing a(n) ____ service

polet [3.4K]

<span>If texas instruments hires an accounting firm to compute the company's taxes, the accounting firm is providing a business service. Business service entails including another party or company to join in the services of the unit. There are other parties in which they can hire as well as waste chemical treater parties.</span>

6 0

3 years ago

What are two main reasons for having a savings account

jasenka [17]

Answer:

two main reasons for having a savings account:

It can be used as a vacation fund.
An account to pay cash for new things and cover repairs.
Can be used as an emergency account.

Hope it helps!

5 0

3 years ago

Matthews Company uses the percentage-of-sales method to estimate the Allowance for Doubtful Accounts. Before adjustment, the All

Aleks04 [339]

The amount of the adjusting journal entry at year-end for Matthews Company, which uses the percentage-of-sales method to estimate its Allowance for Doubtful Accounts is $9,750.

<h3>What is the percentage-of-sales method?</h3>

The percentage-of-sales method is one of the methods for estimating the Allowance for Doubtful Accounts.

This method uses a predetermined percentage that is applied on the Net Credit Sales to determine the amount of the Allowance for Doubtful Accounts for the period.

<h3>Data and Calculations:</h3>

Debit balance of Allowance for Doubtful Accounts = $2,500

Net Credit Sales = $725,000

Uncollectible estimate = 1% of net credit sales

= $7,250 ($725,000 x 1%)

Bad Debts Expense $9,750 Allowance for Doubtful Accounts $9,750 ($2,500 + $7,250)

Thus, the amount of the adjusting journal entry at year-end for Matthews Company, which uses the percentage-of-sales method to estimate its Allowance for Doubtful Accounts is $9,750.

Learn more about the Allowance for Doubtful Accounts at brainly.com/question/24938115

7 0

2 years ago

Which of the following statements is CORRECT?

san4es73 [151]

Answer:

The answer is D. Multiple IRRs can only occur if the signs of the cash flows change more than once

Explanation:

A project cannot have multiple IRRs if it is independent. Multiple IRRs can only occur if the signs of the cash flow change more than once. For a project to have more than one IRR, then both IRRs must be greater than WACC. If a project's NPV is greater than zero, then it's IRR must be less than zero.

Multiple IRRs occur when a project has more than one internal rate of return. The problem arises where a project has non-normal cash flow (non-conventional cash flow pattern).

Internal rate of return (IRR) is one of the most commonly used capital budgeting tools.

6 0

3 years ago