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9 months ago

Using the allowance method, is bad debt expense recognized in

1 answer:

3 0

Using the allowance method, is bad debt expense recognized in the period in which sales related to the uncollectible account are made.

One of the most typical types of bad debt is credit card debt. Lenders issue credit cards, which let you make purchases on credit. These credit cards frequently have exorbitant interest rates that can soon become out of control.

Bad debt costs are typically listed on the income statement as a sales and general administrative expenditure. Accounts receivable on the balance sheet are reduced when bad debts are recognized, but firms still have the right to collect money if the situation changes.

Learn more about bad debts here

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You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation

ladessa [460]

Answer:

14.48%

Explanation:

The ARR is the quotient between the average income of a project over his investment cost.

The income will consider depreication and taxes.

We are given with the net income so, we should assueme are already included.

Frist step, calculate average net income.

$ 1,864,300,

+ $ 1,917 ,600

+ $ 1,886,000

+ $ 1,339,500

$ 7,007,400 Total return

Now we divide by 4 because there is a total of 4 years

$ 7,007,400 / 4 = $ 1,751,850 Average income

Now we calculate the ARR

average net income/ investment

1,751,850 / 12,100,000 = 0.144780992 = 14.48%

4 0

2 years ago

A downhill ski area is experiencing a decline in the number of lift tickets sold, falling revenues, and inadequate profits. The

sukhopar [10]

Answer:

D. a 10 percent decrease in the average price of a lift ticket.

Explanation:

When Price elasticity is greater than 1, that suggests that the demand for that particular good or service is highly responsive to price or is price-sensitive . Furthermore, If price elasticity is greater than 1 then an increase in price will cause revenue to decrease.

Applying the above-stated principle to the given scenario, it has been stated that 'The estimated price elasticity of demand is 1.5.' implying that the demand for downhill ski is highly sensitive and responsive to changes in price.

Therefore, the only logical economic strategy to improve revenues will be to decrease price so that revenue can increase.

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2 years ago

The use of index funds as investment vehicles for asset classes:_________

Scilla [17]

Answer:

I & IV

Explanation:

6 0

2 years ago

What a example of a social news site

scoundrel [369]

Explanation:

It encourages people community to post their news
The news can be posted for a group or to a general public too
The group or the general public can comment on the news
The news which is interesting based on the reviews will be given the top priority

Example:

Reddit - A large site with huge number of user

Digg - This is also quite popular and it has different categories of news where the user can view news based on his/her interest.

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2 years ago

Suppose LovetoRead sells 1 comma 600 hardcover books per day at an average price of $ 50. Assume that LovetoRead's cost for the

Oduvanchick [21]

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2 years ago