under the direct write-off method of accounting for uncollectible accounts, bad debts expense is debited

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Answer 1

Bad Debts Expense is debited  when an account is determined to be uncollectible under the direct write-off method of accounting for uncollectible accounts,

Bad Debts Expense refers to the portion of  account receivables that a firm has assumes not be recoverable from the debtor.

In conclusion, the Bad Debts Expense is debited  when an account is determined to be uncollectible under the direct write-off method of accounting for uncollectible accounts,

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Related Questions

When did Lillie allow an external company access to her credit report specifically for an auto loan? 5/10/2015 6/5/2015 12/15/2016 5/10/2017

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The question is about when Lillie allowed an external company to its credit report.

Lillie received a request by Toyota Financials for her credit report access on 5/10/2015 for an auto loan approval.

She provided the access on 5/10/2017 since the date of removal for this inquiry is 5/10/2017. There is a delay in providing access to the financials of about 2 years.

Lillie allowed access to the external company, Toyota Financial to her credit reports in order to satisfy the company about her financial position and grant her an auto loan.

The correct answer is 5/10/2017.

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Total revenue minus the total _____ and total _____ costs of production is economic profit. Multiple choice question. explicit; accounting explicit; modified implicit; explicit implicit; modified

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Total revenue minus the total explicit and total implicit costs of production is economic profit.

Economic profit is accounting profit less implicit or opportunity costs. It is also total revenue less explicit and implicit cost.

Explicit cost is the amount used in running a business. Examples are rent and wages.

Implicit cost is the cost of the next best option that is let gone off when one option is chosen over other options. For example, a baker leaves his job to start his own business. His implicit cost is the wages he earned as a baker.

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woman caught on video throwing soup in face of restaurant manager after argument

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Is that even a question

The consumer buying decision process involves _______ stages. The first stage is ____________, and the last stage is _____________.

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Five; problem recognition; post- purchase behavior.

The decision-making process for consumer purchases has five stages. Problem recognition is the first step, and post-purchase behavior is the last.

What is a decision-making process?

The process of choosing a course of action involves identifying a decision, acquiring data, and weighing potential answers. By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions.

By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions. By using this strategy, one have a better chance of selecting the option that will satisfy one the most.

Here, effective decision-making is defined as the procedure by which options are chosen and then managed through execution to meet organisational goals.

Effective decisions are the outcome of a methodical procedure that has aspects that are precisely specified and is handled in a specific order.

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which state produces nearly 85% of wine in the u.s.?

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Answer:

California is the largest wine producer in the United States, producing over 84% of all U.S. wine production.

Explanation:

How is federal income tax calculated on a paycheck.

Answers

Answer:

Multiplying taxable gross wages by the number of pay periods per year to compute your annual wage.

Explanation:

3. Suppose we have an investment of $10,000 that is earning 2.1% interest compounded continuously. How long would it take to triple the initial investment

Answers

It will take an approximate of 52 years to triple the initial investment.

The formula for Future value is A = Pe^(rt)

Given Information

Triple amount

Rate = 2.1%

[tex]3 = e^(.0.021t)\\ln(3) = 0.021t\\t = ln(3)/0.021\\t = 1.09861228867 / 0.021\\t = 52.314870889\\t = 52.31[/tex]

Therefore, it will take an approximate of 52 years to triple the initial investment.

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Need help with now/ASAP!

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Answer:

You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim

Explanation:

You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim

Identify what is needed to calculate the P/E ratio. (Check all that apply.) Multiple select question. Return on equity Average stockholders' equity Earnings per share Common stock dividends declared Stock price

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The computation of the P/E (Price/Earnings) ratio requires C. Earnings per share and E. Stock price.

The Stock price is the current market price per share of the company's stock. The Earnings per share (EPS) is the net income (less preferred dividend) divided by the number of outstanding common stock shares.

Thus, the P/E ratio computation requires C and E.

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If the MPC is 0.8 and government transfers to households decrease by $50 million, then equilibrium GDP will decrease by:

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The equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.

Transfer payment multiplier = MPC / (1 - MPC)

Transfer payment multiplier = 0.8 / (1 - 0.8)

Transfer payment multiplier = 0.8 / 0.2

Transfer payment multiplier = 4

If the government transfers decrease by $50 million.

Equilibrium GDP will decrease by:

= $50 million * 4

= $200 million.

Therefore, the equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.

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relative to those with low levels of social support, individuals with high levels of social support ________.

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Social support refers to the help rendered by different institutions in society. Family members, social institutions, and religious bodies all play a vital role. Relative to those with low levels of social support, individuals with high levels of social support

Tend to tolerate stress well

Experience has shown that when individuals have supportive family members and social institutions they will respond more positively to stress. ]

This is because they will receive encouragement that will push them to forge on and not give up. This makes them stronger.

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In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required

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A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.

A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.

However, the nurse can obtain new license by completing an approved refresher course or 120 hours of continuing education.

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Linda is having trouble in her economics class. Although she understands the material, she often gets low grades on her essays because she uses inaccurate language and her sentences are difficult to understand. Which condition is Linda most likely struggling with

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Based on the information given, the condition that Linda is most likely struggling with is writing disorder.

From the information given, it was stated that Linda is having trouble in her economics class and that she often gets low grades on her essays because she uses inaccurate language and her sentences are difficult to understand.

The above shows that she has a writing disorder. It's also referred to as dysgraphia. It's when an individual has problems with writing. This has a negative impact on the grade of such a person.

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what is the difference between hazard insurance and homeowners insurance

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Answer:

The difference between the two is that Hazard insurance can cover you and or protect you against "structural damage caused by natural disasters".

Meanwhile Homeowners insurance is "a financial protection against theft"...

So, long story short,

Hazard insurance=protection from natural disasters (structural damage)

Hazard insurance=protection from natural disasters (structural damage)Homeowners insurance=protection against theft and damage to your home and belongings

I hope this helped!!

why was slavery more successful than other labor systems in meeting the labor needs of the colonial america market economy

Answers

Answer:

Cheap & effective

Explanation:

this source of labor was easily abusable and by having people you don't need to pay and spend barely anything on feeding them it makes it easier to build the USA. I don't agree with the USA being founded on this but other countries were doing this so the USA did it also.

Shida has had such great success with his IT consulting company for the last five years that he was able to pay himself a competitive salary within the first 18 months of operation. According to the GEM study, Shida is a/an ______.

Answers

Shida is seen as potential entrepreneur according to the GEM study.

GEM study is conducted by Global Entrepreneurship Monitor that tracked rates of entrepreneurship.

The study conducted on Shisa as a IT Expert shows that the company tries to understand how his entrepreneur skills enables him to pay himself a competitive salary within the first 18 months.

Therefore, Shida is seen as potential entrepreneur according to the GEM study.

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List one thing you SHOULD do if your car loan suddenly becomes too expensive.

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Answer:

Modify Your Auto Loan.

Refinance Your Vehicle Loan.

Trade-in Your Car.

Let Someone Else Assume Your Loan.

Sell Your Vehicle.

Turn the Keys In.

Let Your Car Be Repossessed.

File for Bankruptcy.



Candice?

Bofa?

Joe?
Who are these ppl:(

Answers

Answer:im not sure

Explanation:

don’t. Search up Candace

The name Candice is used as a set up for the joke.

Josie is trying to figure out how to implement her investing strategy. She wants to compare online
brokers, financial advisors and robo-advisors. What are 2 questions that she should consider during
her research? Note: You don't need to answer the questions, only ask them.

Answers

Considering the situation described above, the 2 questions that Josie should consider during her research include "In your respective industry, what is the most important advice you can give to a first-time investor.?"

The other question Josie should consider during her research include:

Considering the current pandemic period, which line of investment has stood the test of time?

These questions is expected to yield answers that would guide Josie on how to implement her investment strategy to yield desired results.

Hence, in this case, it is concluded that Josie needs to ask the right questions to give her informative answers that can be used in the investment implementation.

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EconomicsAlthough GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States?
a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.b. The costs of air and water pollution.c. Funds spent by city governments to renovate their buildings.d. The leisure time they have.
When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the_____component of GDP while also_____net exports by the same amount. Therefore, the purchase of wood from Brazil_____in US GDP.

Answers

The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States:  

a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

b. The costs of air and water pollution

d. The leisure time they have

The purchase of wood from Brazil, the import component of GDP increases whole net exports decreases by the same amount. The purchase of wood from Brazil decreases US GDP.

Gross domestic product is the sum of final products produced in a country within a given period. GDP can be determined using the expenditure, income or value added product.

GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government spending + Net export

Items not included in the calculation of GDP includes:  

1. Activities not reported to the government  

2. illegal activities

3. sale or purchase of used products

4. externalities

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What will the overall commercial revenue generated by vr and ar.

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According to the graph, the overall commercial revenue generated by VR and AR is $ 18 Billion.

The image is a bar graph that presents the overall revenue generated by sales for VR and AR solutions/hardware in $ Billion for 5 years.

The data presented in the graph are:

The first year - $ 18 billion.The second-year - $ 38 billion.The Third-year - $ 105 billion.The fourth-year - $ 170 billion.The Fifth year - $ 215 billion.

According to this information, it can be inferred that the overall revenue generated by the commercialization of these VR and AR technological devices generated $ 18 billion in the first year, then the correct answer is C. because it mentions the appropriate amount.

Note: This question is incomplete because there is some information missing and the graph. Here is the complete information and the graph.

What will the overall commercial revenue generated by VR and AR be in the Human Resources industry be in Year 1?

A) $ 1.44 Billion

B) $ 1,224 Billion

C) $ 18 Billion

D) $ 1.08 Billion

E) $ 864 Million

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General partners must obtain approval from a majority of the limited partners in order to manage the business. True or False

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General partners do not have to obtain approval to run the business which means that this statement is FALSE.

In a Limited Partnership:

The limited partners are not involved in the running of the business The general partner makes all the relevant decisions involved in running the company

The general partner therefore, does not have to take permission from the limited partners to manage the business. The limited partners have limited roles with one of them being that they do not run the business.

In conclusion, this statement is false.

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supportive, value-based, and work facilitation are examples of the ________ element in house’s revised path-goal leadership model.

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Based on the components of the path-goal leadership model, supportive, value-based, and work facilitation are examples of Leadership behaviors elements in the House’s revised path-goal leadership model.

The other significant elements in House's revised path-goal leadership model include the following:

Follower's characteristics;Task Characteristics.

House R.J was 1971 started these elements in his work titled "A Path-Goal Theory of Leader Effectiveness."

These elements define a different aspect of effective leadership.

Hence, in this case, it is concluded that the correct answer is "Leadership behaviors."

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Education benefits both students and the community. Suppose students purchasing education consider only their own benefits when determining how much education to obtain and schools supplying education consider only their costs when determining how much education to supply.

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Education has help man to be able to shape a better society to live in by knowing and obeying rights, laws etc. In this situation, the social benefit will be Greater than the private benefit and the amount of education produced will be below the socially efficient amount.

Education has help in a lot of ways. These ways includes;

It has help to become better citizens.It has also help people to secure  better-paid job. Education shows us the essence of hard work.

Community education is also called community-based education. This is simply  an organization's programs aim to promote learning and social development work with individuals and groups in a said communities through the agent of  formal and informal methods.

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An investment of $10,000 today is estimated to return $11,500 a year from now. The $11,500 is called the ________ of the investment.

Answers

The answer is future-value

In ________ programs, annual compensation increases are usually linked to performance appraisal ratings.

Answers

Answer:

Performance appraisal (PA) is a method by which the job performance of an employee is documented and evaluated. Performance appraisals are a part of career development and consist of regular reviews of employee performance within organizations.

A merit rating is a score that each state assigns to employers based on their employment stability and employee turnover. The state then uses the merit rating to levy state unemployment taxes on each employer. Companies with lower ratings will have to pay lower unemployment tax percentages.

Explanation:

i hope that helps

The existence of a ________ means that the interest rate on a two-year bond will exceed the average interest rate on two successive one-year bonds.

Answers

The answer is risk-premium

Which company makes more money? Gucci, which makes a Profit of $75.00 per belt sold, or Wal Mart which makes $0.62 per belt sold? Explain your answer…

Answers

Answer:

Probably Walmart. Considering the price is so low for Walmart, more people are likely to buy it. Therefor the value will drop.

Explanation:

Shenzhen Co. Uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are ÂŁ420,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of ÂŁ1,500. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of ÂŁ740 instead of a credit balance of ÂŁ1,500, determine the amount to be reported for bad debt expense.

Answers

Based on the information given the appropriate journal entry to record bad debt expense for the year is:

a. Shenzhen Co. Journal entry

Debit Bad Debt Expense                         $2,700

Credit Allowance for Doubtful Accounts $2,700

[(1%×$420,000)-$1,500]

(To record bad debt expense)

b. Bad debt expense

Bad debt expense=[(1%×$420,000)+$740]

Bad debt expense=$4,200+$740

Bad debt expense=$4,940

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The most important labor force issue for developed economies is their _________ populations. global diverse aging all of these

Answers

The answer here is ‘aging’.

I hope this can help.
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4 Anna plays a computer game forof an hour each evening. How manyhours does she spend playing computergames in a week? In 8 weeks? Draw amodel or write equations to show yourwork. There are two types of reproduction, sexual and asexual Sexual reproduction involves two parents, while asexual reproduction only involves one,Sort the reproductive processes below according to whether they are asexual or sexual.ITEM BANK: Move to BottomCreation of an eggCreation of fruitMushrooms producing sporesProduction of seedsStem cuttings of plantsSexualAsexualBudding in yeastdrag and drop answer heredrag and drop answer here Bonjour ...Quelqu'un peut m'aider? Tournez le langage direct au langage indirect: 1. Elle m'a dit: Je te tlgraphierai aussitt que j'y serai arrive. 2. Ils nous ont dit: Ds que nous aurons dcouvert les traces de l'expdition, nous vous le ferons savoir. 3. Je lui ai crit: J'irai te voir ds que je me serai rtabli. 4. Il leur a dit: Aprs que je vous aurai tout racont, vous verrez que vous vous tes tromps sur son compte. 5. Elle m'a dit: Quand tu l'auras mieux connu, tu ne le diras plus. 6. Il nous a dit: Je vous rejoindrai ds que j'aurai fini. 7. Elle m'a dit: Viens m'aider la cusine, ds que tu auras servi la table. please help with this question Simplify the linear expression-5/8a+2/3-1/4a-5/6Enter your answer as simplified fractions in the boxes. Finds the value of x Which of the following processes occurs during sexual reproduction? A. An organism splits in two. B. An egg cell and a sperm cell unite. C. A fragment regenerates into a new organism. D. An identical growth forms and then detaches. Can some please help me please I will give 30 points of answer is right and marked as brainliest also no links please Write a 5 paragraph essay on why online education is better then the traditional classroom setting If your heart rate is 155 beats per minute during strenuous exercise, what is the time per beat in units of seconds PLS HELP WILL MARK BRAINLIEST, PLS HURRY Based on the article how might a declining population cause people to change jobs or move to new areas Please help find x it would helpful determine the ph of a buffer that is 0.55 M HNO2 and 0.75 M KNO2. tha value of Ka for HNO2 is 6.8*10^-4 Without freedom of the press, the government could limit what information Americans could access and punish people for speaking or writing about their political beliefs. 1)True 2)False Which statement about trade in the Harappan civilization is true?O A. Artisans brought their goods to small village markets located outside of large cities.OB. The majority of finished goods were imported from other nearby civilizations.OC. The most prized goods for trade included terracotta pots and flint tools.OD. Farmers brought crops into the city and traded them for goods such as pottery and cloth The trip from Carville to Planesborough takes 4 1/2 hours when traveling at a constant speed of 70 miles per hour. How long, in hours, does the trip take when traveling at a constant speed of 60 miles per hour? Mr. D mathFind the distance between (12,5) and (3,4) approximated to the 1 decimal place. select the correct response 0.29.39.19.4 What is Mandelas purpose in his speech? How does he achieve this purpose?. The claim that the high school drop-out rate has increased because more women have taken jobs in the workplace would be an example of