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2 years ago

Planning practices are different from organization to organization. do you agree? explain

Business

1 answer:

Snowcat [4.5K]2 years ago

5 0

Answer:

yes I agree

Explanation:

because different organizations manufacture or provide different goods and services so it's not possible for them to have the same planning practices take for instance an organization that deals with the provision of food to refugees and an organization that deals with the manufacturing of goods these two organizations will plan differently on how to go about with there businesses.

I hope this helps

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3 years ago

Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 3% of net credit sales

mixer [17]

Answer:

b. $3,000

Explanation:

According to the above information, the following data are given

Credit sales = $100,000

Uncollectible percentage = 3%

So, after the adjustment by using allowance method, Bad debt expense can be calculated as;

Bad debt expense = Credit sales × Uncollectible percentage

= $100,000 × 3%

= $3,000

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3 years ago

FedEx is the world's leading express-distribution company. In addition to the world's largest fleet of all cargo aircraft, the c

andriy [413]

Answer:

Journal entries

Explanation:

Before passing the journal entries, first we have to determine the book value of truck which is

= Cost of delivery truck - accumulated depreciation

= $56,000 - $41,300

= $14,700

Now the journal entries are as follows

a. Cash Dr $14,700

Accumulate depreciation $41,300

To Delivery truck $56,000

(Being the disposal of the truck is recorded)

b) Cash Dr $16,400

Accumulate depreciation $41,300

To Delivery truck $56,000

To Gain on sale $1,700

(Being the disposal of the truck is recorded)

c) Cash Dr $12,900

Accumulate depreciation $41,300

Loss on sale $1,800

To Delivery truck $56,000

(Being the disposal of the truck is recorded)

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2 years ago

Fair Housing Act a. All of the other answers b. Mandated that no one should be denied access to a home based on the color of the

Ludmilka [50]

Answer:

Explanation:

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2 years ago

Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $

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Answer:

10.38%

Explanation:

The formula to compute the effective annual rate of the loan is shown below:

= (1 + nominal interest rate ÷ periods)^ number of period - 1

The nominal interest rate is shown below:

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= $1,000 ÷ $10,000

= 0.1

Now the effective annual rate is

= (1 + 0.1 ÷ 4)^4 - 1

= (1 + 0.025)^4 - 1

= 1.025^4 - 1

= 10.38%

Since the interest rate is measured on a quarterly basis, we know there are four quarters in a year and we do the same in the calculation part.

This is the answer but the same is not provided in the given options

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3 years ago