Under the allowance method, companies estimate _____ uncollectible amounts and report those estimates in the _____ year.Multiple choice question.future; currentcurrent; futurefuture; futurecurrent; current

Answers

Answer 1

Answer: current and future

Answer 2

Under the allowance method, companies must estimate future, uncollectible amounts and report those estimates in the current year.

The missing words are Future and Current.

What is the Allowance Method?

Under the Allowance Method, companies set aside a reserve that is estimated, for bad debts that are anticipated in the future.

This method is typical of the accrual basis of accounting and is the most accepted method for recording uncollected accounts for financial accounting purposes.

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Related Questions

On June 30, Nance Company receives a $5,000, 90-day, 4% note from a customer as payment on her account. How much interest will be due on the note's maturity date

Answers

Answer:

50$

Explanation:

5000 x 4% x 90/360 = 50$

A. Wealth
B. Level of living
C. liquidity
D. Assets

Answers

Answer:

D. Assets

Explanation:

those are all things you have and are considered to be owned by you, therefore they're your assets.

hope this helps! :)

A ________ pools individual investor dollars and invests them in large numbers of well-diversified securities, thus minimizing the risks of any single security that does not do well.

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Funds which involves a large collection of individual investors coming together to invest in a number of different securities is called mutual fund.

Mutual funds involves many individual investors, and not just a single person or organization.

This allows the funds available for investment to be substantial, and then invested into a host of different and diverse securities. This will ensure that risk is minimized as all the securities very low chances of not yielding return.

Hence, the missing phrase is mutual funds.

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selim believes that his hard work will lead to a better job performance. selim is independently motivated so he does not need to be closely supervised in order to complete his job. selim demonstrates an internal locus of control.

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Truly, Selim has an internal locus of control instead of an external locus of control because he believes that the better job performance he achieves is due to his hard work, and not due to supervision.

Selim, with this internal locus of control, makes things happen without being closely supervised or monitored. Selim enjoys independent motivation. He does not depend on external factors to achieve great results.

Thus, Selim has an internal locus of control.

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The term that Faber and Kimelberg use to describe the rise in land value and the possible displacement of poor and minority populations from an area as environmental amenities are added is:

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Environmental gentrification is the term that was used to illustrate the rise in land value as well as removal of poor and minority populations away as provision of environmental amenities is made by Faber and Kimelberg.

Environmental gentrification can be regarded aa the process involves displacement of low-income residents from a region as environmental amenities are added.

This was explaining by Faber and Kimelberg , that once there is rise in land value , there us high possibility of displacement of the poor.

Therefore,Environmental gentrification is the correct term.

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what is a risk of entrepreneurship

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Answer:

Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan.

a productivity index of 110% means that a company’s labor costs would have been 10% higher if it had not made production improvements. assume that digby had a productivity index of 112% and that baldwin had a productivity index of 103%. now refer to the income statements in the annual report for digby and baldwin. using the labor costs shown in the income statements, how much more did digby save in direct labor costs compared to baldwin by having a higher productivity index?

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Digby saved 9% in direct labor costs compared to Baldwin by having a higher productivity index.

Given that a productivity index of 110% means that a company's labor costs would have been 10% higher if it had not made production improvements, assuming that Digby had a productivity index of 112% and that Baldwin had a productivity index of 103%, to determine how much more did Digby save in direct labor costs compared to Baldwin by having a higher productivity index, the following calculation should be performed:

112 - 100 = 12 103 - 100 = 3 12 - 3 = 9

Therefore, Digby saved 9% in direct labor costs compared to Baldwin by having a higher productivity index.

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In a small economy, gross investment is $1,500, consumption spending is $6,000, net investment is $200, government purchases are $1,500, exports are $2,000 and imports are $1,000. What is GDP for this economy

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This is way To close together








If u change it i can help

_____ is part of the ________ process and occurs when the company is trying to increase its inventory.

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Considering the accounting principles, the Make-to-stock; is part of the production process and occurs when the company is trying to increase its inventory.

This is because Make to Stock, otherwise referred to as MTK, is a method business owner often use to ensure the product is readily available and delivered at the point of purchase.

Make to Stock is a traditional method of production that is carried out in the hope that consumers will soon come and buy the products. Thereby, the company produces huge products at a given time and stores them as inventory.

Hence, in this case, it is concluded that the correct answer is "Make to stock; production, " respectively.

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Innovative team firms should have managers who provide ________, ________, and perspective to the team.

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Based on firms' strategies, Innovative team firms should have managers who provide Support, Guidance, and perspective to the team.

This is because firms that focus on innovation would make many mistakes or trials and errors before the actual innovation of their products is made.

Thus, in these situations, employees need managers that can provide supports and encouragement for them to build on their innovative ideas so as not to fear sanctions or penalties if things go wrong.

The employees also need guidance and perspectives from their managers to quickly and correctly transform their innovative ideas into reality.

Hence, in this case, it is concluded that the correct answer is "Support and Guidance, " accordingly.

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PLEASE HELP
1. What are the distribution/production channels of your business/product. In list or paragraph format discuss the channels in which your
product will be created/sold. This should be very well thought out and include plenty of details. Be sure to explain how your
product/service would get to customers. You can refer back to module 10 notes for a refresher of distribution channels.

2. Describe in detail in either list/paragraph form the key metrics of your business. This is an explanation of key activities that must be
measured by your business.
MY project is about a self propelled stroller

Answers

Answer:

1.As consumers, we take for granted that when we go to a supermarket the shelves will be filled with the products we want; when we are thirsty there will be a Coke machine or bar around the corner, and we count on being able to get online and find any product available for purchase and quick delivery. Of course, if we give it some thought, we realize that this magic is not a given and that hundreds of thousands of people plan, organize, and labor long hours to make this convenience available. It has not always been this way, and it is still not this way in many other parts of the world.

Looking back over time, the channel structure in primitive culture was virtually nonexistent. The family or tribal group was almost entirely self-sufficient. The group was composed of individuals who were both communal producers and consumers of whatever goods and services could be made available. As economies evolved, people began to specialize in some aspect of economic activity. They engaged in farming, hunting, or fishing, or some other basic craft. Eventually this specialized skill produced excess products, which they exchanged or traded for needed goods that had been produced by others. This exchange process or barter marked the beginning of formal channels of distribution. These early channels involved a series of exchanges between two parties who were producers of one product and consumers of the other.

When lending money, a long-term lender is more interested in a company's ________ and indebtedness to other lenders.

Answers

The long-term lender is much more interested in the company's profitability and indebtedness to other lenders than in the company's current liquidity.

 

Long-term lending involves a time-frame of five years or more. Therefore, the long-term lender will, generally, be more interested in lending to companies with profitable operations, unlike companies that enjoy good short-term liquidity profiles. The long-term lender also considers the debts already contracted by the borrowing company before offering additional financing.

 

Thus, the interest of a long-term lender is in the company's profitability than in its short-term liquidity.

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Suppose that actual inflation is 3 percent, the Fed's inflation target is 2 percentage points, and unemployment rate is 3 percent (which is 1 percent below the Fed's full-employment target of 4 percent). According to the Taylor Rule, what value will the Fed want to set for its targeted interest rate

Answers

The government would set its targeted interest at 6.5%

Based on the Taylor's rule

R = π + A + 0.5(A-A*) + 0.5

This is the formula that helps to get the output gap

Definition of terms

R is the nominal federal funds rate

π is the real rate of federal funds = 2%

A is the rate of inflation

A* is the target of of inflation = 2%

Rate of unemployment = 3%

The government has a target of full employment that is at 4 percent.

When we enter the values into the formula

R = 2% + 3% + 0.5(3%-2%) + 0.5%(2%)

= 5% + 0.5% + 1%

= 6.5%

Therefore the government would set its targeted interest at 6.5%

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X-Co issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $100 cash per share. The journal entry to record this event includes a ______. (Check all that apply.)

Answers

Answer:

- $100,000 debit to cash

- $10,000 credit to preferred stock

- $90,000 credit to additional paid-in capital

The ________ value of a bond, also called the face amount or face value, is paid at a stated future date, known as the bond's maturity date. Multiple choice question. fair market value par selling price net realizable value

Answers

The Par Value of a bond also called face amount or face value.

Par Value can also be called Nominal value is the  financial instrument  value be it  bond or stock of a corporate certificate at the time of issue.

Par value is also the lowest price per share for shares to be issued for full payout .Typically, most par value are set at $0.001 per shar or lower to reduce the amount paid to founders. It is calculated as Par value of preferred stock = (Number of issued shares) x (Par value per share)

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how much credit card debt does the average american have

Answers

Answer:

5.315

Explanation:

Americans have this much debt in their credit card by average.

HOPE HELPED!

A _____ resource contains one or more identical units, each of which can be requested and used by a process on a non-shared basis.

Answers

Answer: Reusable resource

The Internet allows consumers to access information on-demand about products. This is an example of which kind of marketing utility

Answers

Answer:

the market utility of place and time

Explanation:

as they can do it from any place and any time

How do consumers benefit from accumulating airline miles?
A. Consumers can use the miles to purchase airline tickets.
B. Consumers can use miles as a tax deduction.
C. Consumers can use miles to purchase a home.
D. Consumers can decline travel insurance.

Answers

Answer:

I think is b.

Explanation:

or d but double check just from background i eliminate a and c

New Day Vitamin Company's __________ relies heavily on advertising, personal selling, and a limited use of product sampling.

Answers

New Day Vitamin Company's promotion mix relies heavily on advertising, personal selling, and limited use of product sampling.

A promotion mix simply means the blend of different promotional tools that are used by organizations to create and increase the demand for goods and services.

A company's promotion mix combines promotional tools such as personal selling, advertising, sales promotion, publicity, sampling, public relations, etc.

In conclusion, the correct option is promotion mix.

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Why is it important for Chipotle to revise the company’s food-handling
standards?

Answers

Answer:

It is important for Chipotle to revise the company’s food-handling  standards as they have been linked to recent outbreaks of E. coli, salmonella, and other food born viruses.

Explanation:

(In reality who gives a sh#t about Chipotle, no one wants to get sick from their disgusting food...)

If there are not enough jobs for everyone in the economy/the demand for jobs are higher than
the amount of jobs available
A. Cyclical Employment
B. Frictional Employment
C. Structural Employment

Answers

Involuntary unemployment which is caused by the economic health of a country, such that the amount of jobs available cannot cater for the number of populees is called cyclic unemployment.

Cyclic unemployment is usually attributed to the strength of the economy, when the number of jobs available cannot accomodate the demand. This is usually witnessed during period of recession and economic decline.

Structural unemployment result from the difference in skill gaps of the employees and the skill demand of a job.

Frictional unemployment result from the job change and hence are tagged as voluntary.

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When the direct write-off method is used in accounting for uncollectible accounts, any uncollectible account is written off against the: Group of answer choices allowance account sales account bad debt expense account accounts receivable account

Answers

Answer:

sales account

Explanation:

because the direct write off method is used in accounting for uncollectible accounts

.What can U.S. multinational firms do to regain and maintain their leadership in global branding?

Answers

Answer: Steps that United States firms have taken to regain a competitive edge in the global marketplace include pursuing an increase in productivity, embracing innovation and new ideas, having highly skilled individuals, and reshoring.

Explanation:

U.S. multinational firms can bring improvement in their process as well as the quality they offered in order to regain their leadership in global branding.

What is Leadership?

Leadership is referred as the art of directing and influencing people or groups of people in an organization with pleasing efforts to gain their support and help them to grow by providing better direction.

To regain the market share as well as to achieve leadership in global branding they have to bring innovation to the customers by offering quality and quantity in their offered products and services.

Their focus is to regain the trust of customers so they should focus on satisfying them with maximum services at a minimum cost by increasing their experience with the goods and services of your organization.

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The fundamental problem with the option ARM loan, as most commonly used, was that it created a rapid increase in the:

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Based on loan and credit analysis, the fundamental problem with the option ARM loan, as most commonly used, was that it created a rapid increase in monthly payments.

This situation is often described as payment shock risk.

In this option ARM loan, the monthly payments increase based on many reasons like unscheduled recast when a negative amortization limit is attained.

Hence, in this case, it is concluded that the correct answer is "monthly payments."

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what is a significant difference between two-way and one-way models of public relations?

Answers

The main difference between two-way and one-way models of public relations is that in a one-way model of public relations, the people only need to receive the message while the two-way involves receiving and sending feedback.

It should be noted that the one-way models of public relations involve the use of a single key such that people only receive the message.

On the other hand, the two-way model of public relations involves receiving and sending feedback. It is persuasive communication that's used to influence the attitude of people.

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Penalties for late payments, liens, foreclosures, and garnished wages are
steps a lender can take when you:
A. leave a loan unsecured.
B. fail to pay back a loan.
C. fail to secure your loan.
D. leave a lien on a loan.

Answers

Answer:

I believe the answer would be option B.

Explanation:

Penalties for late payments, liens, foreclosures, and garnished wages are steps a lender can take when you fail to pay back a loan.

Answer:

B

Explanation:

Penalties for late payments, liens, foreclosures, and garnished wages are steps a lender can take when you fail to pay back a loan.

When we want to measure wage inflation in the labor market, we use the: Consumer Price Index Product Price Index Employment Cost Index Employment Price Index

Answers

Based on economic indices, when we want to measure wage inflation in the labor market, we use the "Consumer Price Index."

The consumer price index, often referred to as CPI, is conducted by the Bureau of Labor Statistics.

CPI is carefully made to measure the price changes encountered by urban consumers.

It is believed that the urban dwellers formed about 93 percent of the United States population.

Consumer Price Index is used to measure the relationship between wage and inflation.

Hence, in this case, it is concluded that the correct answer is "Consumer Price Index."

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When we want to measure wage inflation in the labor market, we use the Employment Cost Index.

The employment cost index reflects the change in labor costs in a given country, that is, the value that each salary has for the employer (adding salaries actually paid to the worker, plus labor costs, contributions, etc.).

This index is an indicator that allows anticipating inflationary values in an economy, as it allows observing the growth in labor costs that will subsequently impact an increase in the products that are marketed.

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Your older sister tells you that she wants to have an IVF and have her child implanted into a surrogate mother for $3,000 through a company. Your mother is opposed to this idea whereas your father supports her decision. Your sister asks for your support. How would you respond to your sister

Answers

Answer:

go for it

Explanation:

I say that because if she is infertile and she has tried plenty then she has every right to have a surrogate if she feels the need to have one

Trevor and Matt both work as farmhands and perform the exact same job tasks. Although they work on different farms, when comparing their wages, they determine that Matt makes $15 per hour, while Trevor only makes $12 per hour. What is most likely the reason for this difference in wages

Answers

The most likely reason Trevor and Matt have different salaries despite doing the same activities is that they work on different farms.

When a person is hired by another person to perform a job, they must sign a contract that establishes all the characteristics of the employment relationship that unites them. Aspects such as:

Work hoursSalaryWorkplaceBenefitsJob security

In this case, comparing the salary of Matt and Trevor it can be inferred that the difference in salaries is because each signed a different employment contract with their respective bosses. Therefore, despite doing the same job, they have different salaries.

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How much would it cost Matt to buy 2 metres? when it is 9.50 per metre which animal is one of only two mammals that lay eggs? In both the Japanese and San Francisco earthquakes, fire killed more people than collapsing buildings. Why do you think this was the case? -a/6 + 7 = -14 I want to know how to do this Kim, Jenny, and Wendy are basketball players. Each plays a different position (guard, forward, and center) and wears a different number (30, 32, and 35). Kim and number 30 are too small to play center. Number 35 in the center. Neither Kim nor Wendy is the forward. Who plays guard, and what uniform number does she wear? Be sure to check both answers. A.30 B.Wendy C.Jenny D.Kim E.35 F.32 Eva currently owes $21,000 on a student loan and two credit cards. The totalamount owed is consideredO A. debtB. creditC. interestD. collateral FIRST ANSWER GETS BRAINLIEST!!!!!!!Bob has decided to start Investing. After dong his research, he has decided he wants to Invest in a safe Invest with guaranteed return. He Is going to buy Shares Mutual fundsBonds Hello I need A helping Hand joey enter a hot dog eating competition. He ate 30 1/2 hot dogs in 3/4 minutes. How many hot dogs did he eat in one min. ______ are a group of lung diseases (asthma, chronic bronchitis, and emphysema) that result in long-term obstruction of airflow and substantially reduced pulmonary ventilation. Select all the equations that can represent the question: "How many groups of 45 are in 1?"1. ?1=452. ?45=13. 451=?4. 145=?5. 145=? What does the Safe Place sign indicate?Safe Place logo This is a place where pets can be brought in a crisis This is a place where adults can go in a crisis This is a place where kids can go in a crisis This is a place where members can go in a crisis Why is this wrong?? Trying to do test corrections Empareja la palabra correcta con la descripcin. Match the correct word with the description.Match Term Definitionplanificar A) Es cuando arreglas los errores.comparacin B) Es cuando analizas objetos o personas para ver lo que tienen en comn.la lnea de tiempo C) Se usa para organizar datos o fechas en orden cronolgico.corregir D) Es hacer un plan de accin. ANSWER USING STEPS: y=2/3x-5 When a product has gained a certain level of brand awareness, firms use _____ advertising to motivate consumers to take action. Which statement best describes how light travels? Place a check mark on the dates that you practice each Healthy Habits.Dates: October 17, 18, 19, 20, 22, 23, 24, 25, 26, 27, 28, 29, 30. ~Choose nutritious and varied options ~Manage portions ~Choose to drink water and milk ~Enjoy meals with family ~Play activity ~Care for the planet ~Keep good hygieneanswer for cookiesand milk:) Reescribe cada oracin utilizando los signos de puntuacin necesarios. Recuerda escribir letra mayscula donde corresponda. sorpresa hoy cumples veinte aos As more and more people exist on Earth, which of the following willDECLINE?5 pointsThe amount of construction materials required on a yearly basisThe amount of solar energy that is retained in the troposphere and in the atmosphereas a whole.The area available to wildlife and other animals.The use of energy needed to sustain communication and residential needs.