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denis23 [38]
3 years ago
13

The allowance for uncollectible accounts is a contra account to:

Business
1 answer:
ruslelena [56]3 years ago
5 0

The allowance for uncollectible accounts is an example of a contra account, specifically, <em>to the Accounts Receivable account.</em>

In the general ledger, the contra account:

  • reduces the main or related account's value
  • preserves the main account's historical value
  • nets the main or related account to its current book value.

  • Examples of contra accounts are owner's drawings, accumulated depreciation, allowance for doubtful accounts, treasury stock, dividends, etc.

  • The contra accounts usually have opposite balances to the main accounts.  The contra account of an asset account has a credit balance while the contra account of a liability or equity account has a debit balance.

Thus, the Accounts Receivable's contra account is the Allowance for Uncollectible Accounts.

Learn more: brainly.com/question/18328557

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Property risks are those
Hatshy [7]

Answer:

a

Explanation:

Property risk is an example of a pure risk.

Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks

Property risk is the risk that a person or company's property would be damaged or lost.

For example, if a building is set on fire or if a car is stolen

5 0
3 years ago
Thomas brothers is expected to pay a$1.00 per share dividend at the end of the year. Dividend growth rate : 9% a year. The requi
anygoal [31]

Answer:

The correct answer is $12.5.

Explanation:

According to the scenario, the computation of the given data are as follows:

Dividend = $1

Growth rate = 9%

Rate of return = 17%

So, we can calculate the current value of stock by using following formula:

Current value of stock = Dividend ÷ ( Rate of return - Growth rate )

By putting the value, we get

Current value = $1 ÷ ( 17% - 9%)

= $1 ÷ 0.08

= $12.5

5 0
4 years ago
Coffee accounts for at least 50 percent of the revenue that Uganda and Burundi earn from their exports. This reliance on one com
Ahat [919]

The reliance on one commodity explains why they are classified as a peripheral economy.

<h3>What is a peripheral economy?</h3>

A peripheral economy is an economy that relies on either one commodity or a few commodities. As a result, these types of economies are extremely vulnerable to fluctuations in price and demand of that commodity.

To learn more about exports, please check: brainly.com/question/14099857

#SPJ1

4 0
2 years ago
You own one call option with an exercise price of $30 on Nadia stock. This stock is currently selling for $27.80 a share but is
Shalnov [3]

Answer: 0.755

Explanation:

From the information given, the current per share value of the option if it expires in one year will be calculated as follows:

Firstly, we calculate the present value which will be:

= $28 / ( 1 + 0.05 )

= $28/1.05

= $26.667

The number of options needed will be:

= ( 34 - 28 )/ ( 4-0)

= 6/4

= 1.5

Therefore,

27.80 = (1.5 x Co) + [28 / (1+0.05)]

27.80 = 1.5Co + (28/1.05)

27.80 = 1.5Co + 26.667

1.5Co = 28.0 - 26.667

1.5Co = 1.1333

Co = 0.755

Therefore, the answer is 0.755

5 0
3 years ago
Mont Blanc uses a differentiation strategy that focuses on the social and emotional aspects of their product to appeal to a spec
Allisa [31]

Answer:

an engraving service for pen owners who may wish to will their pens to loved one.

Bic is a large publicly traded company with significant financial resources.

Explanation:

Mont Blanc uses differentiation strategy to address to consumer social and emotional needs. The best strategy will be to provide pen with name or a special message engraved in the pen according to the consumer needs. This will focus on consumer social needs and pen owners will love to will their pens to their loved ones.

Bic is large publicly traded company which has significant financial resources available to it. Bic will not wish to compete with Mont Blanc as it will require financial resources to capture its target market. Bic pens are cheaper and consumers are attracted to it because of its low price and ease in availability.

4 0
4 years ago
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