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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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Degger [83]

Strategic leaders manage the firm's portfolio of resources by organizing them into capabilities, structuring the firm to use the capabilities, and developing and implementing a strategy to leverage those resources to achieve a competitive advantage.

<h3>What is strategic leadership and how do you become a strategic leader?</h3><h3>Strategic leadership skills and characteristics</h3>

Key traits of an effective strategic leader include loyalty to the organization's vision, judicious use of power, transparency, effective communication, problem-solving, readiness to delegate, passion for their job, compassion, and empathy for others and self-awareness.

<h3>Why is strategic planning considered a core responsibility of an effective leader?</h3>

“Strategic planning” means planning for long-term success by continually leveraging new sources of information.

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8 0
1 year ago
While doing an online search for a music venue, Darcy ran across a performance of Lady Gaga that featured her hair neatly wrappe
torisob [31]

Answer: (C) Product placement

Explanation:

 The product placement is one of the type of marketing technique in which the various types of specific products or the brands are incorporate into the other types of works for example television and the various types of films program.

The product placement is important as by using this strategy it helps in increase the sale and also increase the awareness of the brands.  

According to the given question, the marketers basically categorized into the advertising form as the product placement.  

Therefore, Option (C) is correct.  

 

3 0
3 years ago
Suppose the reserve requirement is 15​%. What is the effect on total checkable deposits in the economy if bank reserves increase
Alekssandra [29.7K]

Answer:

Total Check-able deposits to increase by $333.5 billion

Explanation:

If the bank reserves increase by $50 billion, the total check-able deposits will increase by 50 * the credit multiplier.

Credit multiplier is the measure by which an increase in total money supply can be measured relative to an increase in banks' excess reserves.

Credit Multiplier = 1 / reserve ratio

Credit Multiplier = 1 / 0.15 = 6.67

So an increase in excess reserves of 50 billion will have a net effect of 50 * 6.67 = $333.5 billion. This will be the net increase in total check-able deposits or the money supply.

Hope that helps.

6 0
4 years ago
If the same selection of books were always for sale, with no new titles, there would be no reason to buy more. this is an exampl
viktelen [127]

Changing customer needs: When companies add products, services and processes to offerings, firms can create and deliver value more effectively by satisfying the changing needs of their current and new customers or simply by keeping customers from getting bored with the current product or service offering.

4 0
3 years ago
When the supervisor-to-subordinate ratio exceeds manageable span of control, additional Teams, Divisions, Groups, Branches, or S
horsena [70]

Answer:

Modular Organization

Explanation:

One main characteristics of Modular Organization is that the organization is divided into several smaller groups. These smaller groups will be assigned with their own purpose/objectives and collectively the result of their works will be combined to achieve the goal of the organizations.

Example of this would be when car manufacturer divided its workers into several groups that focus on producing one specific part of the car (the wheel groups, the painting groups, the seat groups, the machine groups, etc)

So, when an entity consist of several teams, divisions, groups, branches, etc , we can say that the business adopt modular organization characteristics.

8 0
4 years ago
Read 2 more answers
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