All categories

2 years ago

The estimated expense for accounts that may not be collected is referred to as:

Business

1 answer:

sashaice [31]2 years ago

3 0

Answer: a bad debt expense

Explanation:

The estimated expense for accounts that may not be collected is referred to as. bad debt expense. Joyce Corp uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible

You might be interested in

Many economists believe that the trend toward greater wage inequality across the u. S. Economy was primarily caused by _________

Margaret [11]

The inequality across the u. S. Economy on greater wage inequality was primarily caused by the new technologies.

<h3>What is wage inequality?</h3>

Wage inequality refers to the difference in the distribution of income among individuals, groups, populations or countries. It is a measure that highlights the gap between different individuals' or households' disposable income in a particular year.

Causes of wage inequality are:

Technological change
Globalization
The decline of unions
The eroding value of the minimum wage

Hence, the inequality across the u. S. Economy on greater wage inequality was primarily caused by the new technologies.

Learn more about wage here: brainly.com/question/25273589

8 0

2 years ago

Sauer Food Company has decided to buy a new computer system with an expected life of three years. The cost is $300,000. The comp

pychu [463]

Answer:

Explanation:

From the given information;

Suppose the interest rate is constant. then at 10% three-year loan;

The total interest at 10% will be:

= $300000 × 10% × 3years

= $90000

Aso, 8% one year loan with rollover will be total interest at 8%:

= $300000 × 8% × 3 years

= $72000

Savings in interest of Sauer Food Company = $(90000 - 72000)

= $18000

Suppose short-term rates change, then for the first year, we will have:

= 300000 × 0.1

= $30000

second year will be = 300000 × 0.13

=$39000

third year will be= 300000 × 0.18

=$54000

As such, the total rate of the variable loan = $30000 + $39000 + $54000

= $123000

However, the fixed rate at 10% three year loan is equal to = $90000

As such, the additional total interest cost = $(123000 - 90000)

= $33000

3 0

3 years ago

Which is a requirement for an acceptance?

Effectus [21]

Answer:

Ohhh, this is business related. The requirements for an acceptance, in economics/business, are that both people in the agreement must do what they requested, and the offer must be made with the intent to follow through on the agreement. You can look at Google for a more in depth explanation, but this should help. :)

6 0

3 years ago

In one test before product launch, customers try a sample product and are then surveyed to understand whether they would buy/use

Neko [114]

Answer: c. Premarket testing

Explanation:

Premarket testing is usually performed before a certain product is brought to the market in order to determine customers satisfactions and whether they will use the products again.

5 0

2 years ago

Company A entered the production of office software before its competitors. Because of this, the company's products are more fam

Vera_Pavlovna [14]

Answer:

First Mover Strategy.

Explanation:

First Mover strategy is referred to denote such a company's strategy, which is the first one to enter the market before any of its competitors. This gives an advantage to the company, as such companies are identified easily by its customers. Therefore, the answer is 'First mover strategy.'

3 0

2 years ago