All categories

1 year ago

The allowance for doubtful accounts is reported as a(n) __________ on the balance sheet.

Business

1 answer:

Firlakuza [10]1 year ago

6 0

B. The allowance for doubtful accounts is reported as a deduction from accounts receivable on the balance sheet

You might be interested in

The key principle of supply chain management can be best summed up as ________ between multiple firms.

hram777 [196]

Answer:

Collaboration.

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

3 0

2 years ago

Eric believes works hard he will meet management's goals and that if he meets management's goals, he will get a raise, which he

Elden [556K]

Answer:

Expectancy theory

Explanation:

Expectancy theory - is referred to as the approach in which individual work according to the defined goal. People are motivated to act in a certain way because they believe to have expected results from the way they have selected.

It also states that desirable outcomes of any behavior hold the motivation by other people

The three main components on which Expectancy theory work are:

- Expectancy

- Instrumentality

- valence

7 0

2 years ago

Phips Co. purchases 100 percent of Sips Company on January 1, 20X2, when Phips' retained earnings balance is $320,000 and Sips'

Taya2010 [7]

Answer:

Phips' post-closing retained earnings balance on December 31, 20X2 = $577,000

Explanation:

Note: When 100% shares of a company is acquired it is treated as subsidiary and for its accounting equity method is used.

In that case all balances of subsidiary are added to balances of Parent company.

But if any dividend is received then such value is deducted from carrying value of investment, and any share in profit will be added to carrying value.

All the retained earnings balance is accumulated together of both companies.

Therefore closing balance shall be

Retained earnings balance of Sips at year end

= $120,000 + $20,000 - $8,000 = $132,000

Year end balance of Phips Alone

= $320,000 + 125,000 = $445,000

Total Retained Earnings at year end = $132,000 + $445,000 = $577,000

3 0

3 years ago

An industry with oligopolistic competition faces falling profits and its sales growth is slow. Demand for individual brands has

viva [34]

Answer: (A) Market maturity

Explanation:

The market maturity is one of the stage in the product life cycle where is basically refers to the sales growth where the product sales growth get increased and then suddenly get slows down.

The market maturity stage is basically known as the longest stage in the product life cycle. In this life cycle stage the organization reaches to the highest level during the demand cycle.

Therefore, Option (A) is correct.

8 0

3 years ago

Worldwide Electronics is a global manufacturing firm that produces televisions, monitors, and other consumer electronic equipmen

Paha777 [63]

Answer:

Explanation:

1. JH Green, Corporate Personnel Officer - Discretionary cost center

2. Kalya Borodina, Sales Manager, Peru - Revenue center

3. Jay Smith, Chief Executive Office - Investment center

4. Andres Goya, Vice-President, South America - Profit center

5. Irene Chan, Mexico City Plant Manager - Cost center

6 0

2 years ago