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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

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What is the term for how much the insurance company will pay?

Annette [7]

C coverage because it’s money to pay for the accident etc.

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3 years ago

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The current sections of Buffalo Corp.’s balance sheets at December 31, 2016 and 2017, are presented here. Buffalo Corp.’s net in

Triss [41]

Answer and Explanation:

The preparation of the cash flow from operating activities is presented below:

Cash Flows from Operating Activities

Net income $155,448

Adjustments

Add: Depreciation Expense $27,432

Add: Decrease in Accounts receivable $9,144 (81,280 - 90,424)

Add: Decrease in Inventory $4,064 (170,688 - 174,752)

Less: Increase in Prepaid expenses -$5,080 (27,432 - 22,352)

Add: Increase in Accrued expenses payable $10,160 (15,240 - 5,080)

Less : Decrease in Accounts payable -$7,112 (86,360 - 93,472)

Total of adjustments $38,608

Net Cash Provided by Operating Activities $194,056

The outflow of cash represents in negative sign and the positive sign reflects the inflow of cash

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3 years ago

With respect to how economists study the economy, which of the following statements is most accurate? a) Economists study the pa

vampirchik [111]

Answer:

Option (c) is correct.

Explanation:

Economists refers to the people who are doing research, analyzing data and measure the qualitative activities in terms of money.

For research perspective, one should have proper knowledge about the research problem that he or she need to address in his or her research. Then he should collect the reliable and accurate data for the analysis. Data is very important for a particular research study.

Once the data is ready to analyze then the economists run the data and interpret the results.

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3 years ago

Assume that the seller owes $80,000 on a loan for the land. After receiving the $298,000 cash in (a), the seller pays the $80,00

geniusboy [140]

Answer:

1. - $ 80,000

2. - $ 80,000

3. - $ 0 - No effect

Explanation:

1. Assets

- 80,000 ( pay loan ) - decrease

2. Liabilities

- 80,000 ( loan from + 80,000 to 0 ) - decrease

3. Stockholders Equity: no change, as there was not result ( profit/loss ) nor shareholder contribution/withdrawal

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3 years ago

Prompt What is advertising?

Semenov [28]

is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.

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3 years ago

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