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shepuryov [24]
3 years ago
6

The CECL model:_______.A. Is a good example of an income-statement approach to estimating bad debts. B. Recognizes bad debts whe

n it is probable that an economic sacrifice has occurred. C. Considers historical experience but not forecasts of the future. D. Allows a company to use an accounts receivable aging as part of its methodology for estimating credit losses.
Business
1 answer:
Dafna1 [17]3 years ago
5 0

Answer:

The correct answer is the option D: Allows a company to use an account receivable aging as part of its methodology for estimating credit losses.

Explanation:

To begin with, the name of "Current Expected Credit Losses" in the field of business and accounting refers to an specific model used by the companies that was issued by the Financial Accounting Standards Board and its main purpose is to focus on estimation of expected losses according to the complete life of the loan. So therefore that this model allows the companies to use an accounts receivable aging ar part of its methodology for estimating the credit losses. And that is also why this system has had an important impact in the financial institutions of the United States of America.

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TeamBuilds is a service organization that has corporate teams pay $7,500 for an all-day team-building session with a management
coldgirl [10]

Answer: core service

                           

Explanation: In simple words, core service refers to the services that are of high importance to the transactions and the business of the rendering firm depends on such services. In other words, it is the main product that the business offers to their customers.

These services renders the benefits that a customers expects to get from his or her purchase. In the given case, Team builds in involved in services in which they provide session that shows how one group should work together.

Hence improved work team is their core service.

5 0
3 years ago
Under variable costing income statements, product cost would include Direct materials only Direct materials, direct labor and fi
pantera1 [17]

Answer:

Direct materials and direct labor.

Explanation:

A variable cost is the one that vary depending on the level of production or sales. The cost increase or decrease according to the level of volume change.

The variable costing charges only direct costs (material, labour and variable overhead costs) into the cost of a product. It is lower than the cost calculated under absorption costing, that also include fixed manufacturing overhead.

Fixed manufacturing overhead is considered as a periodic cost and charged from the periodic gross profits.

4 0
4 years ago
conservationists tend to believe that resources should be saved because they are important for a strong economic system.
Nata [24]

Conservationists tend to believe that resources should be saved because they are important for a strong economic system and <u>used by all living things</u>

<h3>Who is a Conservationist?</h3>
  • The conservation movement also referred to as nature conservation, is a political, environmental, and social movement that works to manage and safeguard natural resources, including animal, plant, and fungal species as well as their habitat, for the benefit of present and future generations.
  • Environmental conservationists strive to leave the environment in better shape than when they found it.
  • Data-based conservation aims to increase the efficacy of conservation activities by utilizing credible scientific evidence.
  • To preserve natural resources including fisheries, wildlife management, water, soil, conservation, and sustainable forestry, the early conservation movement developed out of necessity.
  • The modern conservation movement now includes biodiversity preservation in addition to the early movement's focus on the sustainable use of natural resources and the protection of wilderness regions.

To learn more about Conservationists with the given link

brainly.com/question/28299995

#SPJ4

4 0
2 years ago
A taxpayer may be eligible to claim a foreign tax credit on taxes paid to a foreign country on income that is:_______
shusha [124]

Answer:

A taxpayer may be acceptable to insist on a foreign tax credit on taxes given to a foreign nation on income that holds <u>$3,000</u>.

Explanation:

The foreign tax credit signifies a tax break implemented through specific government to decrease some tax burden of genuine taxpayers. A tax credit is implemented on the price of tax owed by the taxpayer subsequent total reductions are done from his rather her chargeable assets, moreover, it decreases the entire tax invoice of a person dollar to dollar.  If a person owes <u>$3,000</u> to the ministry and is acceptable concerning a $1,100 tax credit, man will just have to repay $1,900 subsequent the assets is implemented.

4 0
3 years ago
astrid is starting a new job that involves a lot a driving, and she wants to have a comfortable new car with the latest gadgets.
Mama L [17]

Answer:

She better lease a car for work.

Explanation:

The most significant distinction between a lease and a rental agreement is the length of time they are valid for. In most cases, a rental agreement is for a short length of time (typically 30 days), but a lease contract is for a longer amount of time (generally 12 months, although 6 and 18-month leases are also frequent). So it's better to lease a car because you can use it longer.

4 0
2 years ago
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