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inna [77]
3 years ago
11

The Allowance for Doubtful Accounts: Multiple Choice Is credited when bad debts expense is estimated and recorded. All of the op

tions are correct. Is a contra asset account. Is used instead of reducing accounts receivable directly.
Business
1 answer:
antiseptic1488 [7]3 years ago
6 0

Answer: All of the options are correct.

Explanation:

The Allowance for Doubtful Account is a contra account because it reduces the value of the Accounts Receivable Account and does so in order to account for the possibility that some customers will not pay the amounts they owe.

It is credited when Bad debts are estimated and recorded; that way this reduction in Accounts receivable does not have to go out of the Accounts Receivable account directly.This will ensure that the Accounts Receivable Account is not volatile as it attempts to keep up with all the bad debts incurred.

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Assume that the reserve ratio is 20% and banks in the system are loaning out all their excess reserve. If people collectively ca
Alex17521 [72]

Answer:

C. decreased by $40 billion

Explanation:

For computing the lending ability, first we have to determine the money multiplier which is shown below:

We know that

Money multiplier = 1 ÷ reserve ratio

                            = 1 ÷ 20%

                            = 5

So, the total cash would be

= $10 billion × $5

= $50 million

Now the lending ability would be

=$50 billion × (1 - 20%)

= $50 billion × 0.80

= $40 billion

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3 years ago
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How can residential interior and architectural design contribute towards housing evolution(s)?
Ne4ueva [31]

Answer: Residential interior and architectural design contribute towards housing evolution by building and designing the houses.

<u>Explanation:</u>

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Both of them play a very important role in housing evolution. Houses have developed a lot due to the work done by interiors and architectures. Today a large number of houses are seen in urban areas with all the modern amenities.

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3 years ago
In the travlos (1999) study, more practice led to poorer retention and transfer test performance than less practice. a possible
kirill [66]
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3 years ago
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Answer:

civil society organization

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