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3 years ago

Month-end & Year-end process helps to write-off bad debts.

Business

1 answer:

Katyanochek1 [597]3 years ago

5 0

Answer:

False

Explanation:

It is FALSE that Month-end and Year-end process helps to write-off bad debts.

This is because both month-end and year-end processes are processes specifically carried out to adjust all account balances to make and depict the actual financial activities of the firm. This assists the firm's management team to make a further decision, but not to just write-off bad debts.

Bad debt is written off only when a customer invoice is deemed to be uncollectible.

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Critics of Ansoff's matrix mention that the matrix does not:______.

son4ous [18]

Critics of Ansoff's matrix mention that the matrix does not reflect the reality of how businesses grow.

<u>Explanation:</u>

A table form that contains the columns and rows is The Ansoff Matrix. the products and services of any business is included in the column of the matrix. The row of the matrix includes the markets in which the business flourish. is basically a table. Four different categories allow for four combinations. The products of the company may include tow category which many an existing product or new one.

The markets also includes two categories like, the market in which the business already operates and the market in which the business can newly enter. The main critic of this matrix is that, it does not explain the growth of the business in the real environment. It says the business growth only based on the opportunities that are existing in the current situations and opportunities. The future opportunities are not taken for its growth.

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3 years ago

Big Homes Corporation is an accrual method calendar year taxpayer that manufactures and sells modular homes. This year for the f

Pavel [41]

Answer:

C. $19,500 if this amount is not material, Big Homes expects to continue the practice of offering rebates in future years, and Big Homes expects to pay the accrued rebates before filing their tax return for this year.

Explanation:

They are viewed in the tax law as a reduction to the purchase price of the item. Thus, this decreases the income from the houses.

Is important to consider that this must be part of the commercial activity from Big Homes and in subsequent years this rebates will continue to occur.

Thus, if Big Homes Corporation pay the accrued rebate it confirms the discoutn and thus, the deduction.

7 0

4 years ago

Select the type of operational test and evaluation that assesses crew vulnerability required by title 10 u.s.c 2366. production

Vanyuwa [196]

Answer: live fire test and evaluation

Live fire test and evaluation is a test process which assesses crew vulnerability. It is a statutory requirement (Title 10 U.S.C. § 2366) before anyone can proceed to major munitions, missile programs or covered systems.

4 0

3 years ago

Jill’s company pays $5000 a year for her health care costs. This is an example of a ______. a. commission b. compensation c. pay

Tems11 [23]

Jill’s company pays $5000 a year for her health care costs. This is an example of a BENEFIT.

6 0

4 years ago

Read 2 more answers

Flannigan Company manufactures and sells a single product that sells for $650 per unit; variable costs are $338. Annual fixed co

kkurt [141]

Answer:

The contribution margin ratio is 0.48

Explanation:

The contribution margin ratio is calculated by using following formula:

Contribution margin ratio = (Sales - Total Variable cost)/Sales

Flannigan Company has current sales volume of $4,320,000

The number of products are sold = $4,320,000/$650

Total Variable cost = The number of products are sold x variable costs per unit = $4,320,000/$650 x $338 = $2,246,400

Contribution margin ratio = ($4,320,000 - $2,246,400)/$4,320,000 = 0.48

5 0

4 years ago