Receivables not expected to be collected should Multiple choice question. not be counted in assets of the company. always be counted in assets of the company. initially be included as assets and then be written off when the customer does not pay.

Answers

Answer 1

Receivables not expected to be collected should not be counted in assets of the company.

Accounts Not Receivable

For bookkeeping purposes, When a company confirms that it is likely not to receive payment,  it should be written off in the journal entries as a debit to allowance for doubtful accounts and then credited to accounts receivable.

Account Not Receivable or collected is regarded as bad debt expense.

Therefore Receivables not expected to be collected are not  to be counted in assets of the company.

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Related Questions

By state law, the local sales tax is fixed at no more than ______ percent of the value of the sale. Multiple choice question.

Answers

State law in Texas posits that local sales tax cannot be more than 2% of the value of sale.

What does Texas state law say?

Texas state law allows for counties to charge sales taxes on goods and services sold in those areas.

They however limit the amount of taxes that can be paid to 2% so as not to overburden consumers who will have to bear the tax burden.

In conclusion, this is 2%.

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Is it better to be a venture capitalist or an entrepreneur?.

Answers

It is better to be an entrepeneur.

Entrepreneurs create amazing things that change our lives. This is the impossible part. This is the magic. This is what creates 1,000s of jobs. Creates VPs. Builds careers. Cures cancer. Takes us somewhere we have never been before.

Capital helps, and in many cases, is necessary. Venture Capital plays a critical role in the majority of tech companies that IPO. We need Venture Capital. It is critical. Most of our iconic tech leaders would not exist, or would have grown much more slowly, without it.

What show is considered the first netflix original?.

Answers

Answer:

House of Cards

Explanation:

Using a separate profile on social networking sites to promote your business __________. allows you to keep your personal and business posts separate can be confusing and is always annoying to everyone is not allowed on most social networking sites for lack of space is inappropriate; business colleagues want to see personal information

Answers

Answer:

status should be at the gap

Answer:

A. allows you to keep your personal and business posts separate

Explanation:

that is the right answer

While reviewing reports, it is often helpful to see the originating transaction or document; you can do this by using a feature known as

Answers

Answer:

The process of recording, summarizing, and presenting financial information of a company in the form of financial statements.

Explanation:

Functions of marketing

Answers

Answer:

There are seven widely accepted marketing functions that contribute to the overall work of marketers. The seven functions include: Promotion. Selling. Product management. Pricing. Marketing information management. Financing. Distribution. Why are the seven marketing functions important? The seven marketing functions are important since each of them represents a category of activities that occurs in marketing.

Explanation:

Important Functions of Marketing :

1. Gathering and Analysing Market Information: ...

2. Marketing Planning: ...

3. Product Designing and Development: ...

4. Standardisation and Grading: ...

5. Packaging and Labelling: ...

6. Branding: ...

7. Customer Support Service: ...

8. Pricing of Products:

I WILL GIVE BRAINLEY
Drag the tiles to the correct boxes to complete the pairs.

Anna is describing the skills required for career success in business information management. Help her match the skills to their descriptions.

Answers

Answer:

The first one is Business communication skills

The second one is computer skills

The third one is leadership skills

The fourth one is analytical skills

Explanation:

The following are correctly matched with the titles.

Business communication skills: the ability to write business correspondence, such as emails and posts.Computer skills: ability to work with word processing software, presentation software, and spreadsheets.Leadership skills: ability to motivate and guide people.Analytical skills: ability to visualize and implement possible business solutions to problems.

The capacity to successfully communicate ideas and information in a commercial context requires strong communication skills. Writing brief and clear business correspondence, such as emails, reports, memoranda, and social media postings, is a part of this.

The ability to effectively use a variety of software and tools is referred to as having computer skills. Working with spreadsheets, presentations, and word-processing software is frequently included in the definition of computer skills in a professional setting.

The ability to inspire, encourage, and lead a group of individuals toward the accomplishment of shared objectives is a key component of leadership skills.

Analytical abilities include the capacity to analyze complex circumstances, spot patterns, and dissect them into more manageable parts.

Therefore, the mentioned above-given are correctly matched with the titles.

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Kentucky Fried Chicken, with 18,875 stores in 118 countries and territories around the world, changed their recipe (the spiciness) for various regions. Even within China, the spiciness varies from region to region. Their menu changed also; for example, in Shanghai, KFC serves porridge for breakfast and Peking Duck burgers for lunch. This example shows that multinational firms must _______.

Answers

Because KFC changed their recipe (the spiciness) for various regions, this shows that multinational firms must develop every new product for potential worldwide distribution.

What is new product development?

A new product development refer to a firm process of bringing in a new product to the marketplace.

In conclusion, the development of new product helps in potential worldwide distribution.

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For external reporting, income statements are generally prepared using.

Answers

For any form of external reporting, income statements are generally prepared using Absorption variable and Variable costing costing is used for internal decision making purposes.

What are the  income statements?

The income statement is one that is based on some key items such as revenue, expenses, loss, etc.

An income statement is said to be a form of financial report that gives details a company's income and expenses in course of a reporting period.

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Paco has just finished collecting data about students' lunch hour texting habits. He used both online surveys to ask the students about their texting behavior, as well as observational techniques in the cafeteria. What is the next step in the marketing research process for Paco to begin?

Answers

Answer:

Interpreting research findings

Explanation:

Which of the following is an example of a job responsibility for an engineer at a manufacturing plant?

Creating product designs
Inspecting products
Repairing machinery
Supervising mechanics

Answers

Answer:

Creating product designs

Explanation:

Supervising mechanics is the supervisors job, repairing is the mechanics job, and inspecting products would be another persons job(forget the title)

Answer:

Creating product designs

Explanation:

Collaboration between two or more organizations that lowers costs and reduces manual effort among employees is enabled by a(n) _____.

Answers

An interorganizational information system is enables by relation between organizations to lowers costs and reduces manual effort among employees.

What is an interorganizational information system?

This system refers to any form of shared information system among a group of companies..

In conclusion, this system allows an interchange of electronic data that allows fast computer-to-computer transfer of information.

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What arguments might players make for free agency?

Answers

Low salary is an argument that players may make for free agency.

How does low salary make players want free agency?

When players are being paid low in the clubs that they are signed into. This would cause them to want to leave to a club that would pay them more.

Until the 70s, the players were paid low given that they had to play only for the team that first signed them or the team through which they were traded.

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Valerie is going to purchase a new car. The car she wants has a list price of $32,495. Valerie is planning to make a down payment of $1,877. Furthermore, she plans to trade in her current car, which is a 2006 Hyundai Sonata in good condition. She will finance the rest of the cost by making monthly payments over five years. She can finance the cost at a rate of 8. 64%, compounded monthly. She will also have to pay 8. 23% sales tax, a $2,243 vehicle registration fee, and a $314 documentation fee. If the dealer gives Valerie 87. 5% of the trade-in price on her car, listed below, approximately how much will Valerie pay in total for her new car? (Round all dollar values to the nearest cent, and consider the trade-in to be a reduction in the amount paid. ).

Answers

Valerie will pay $ 35,899.87 as the total cost of financing for the purchase of the new car which includes 60 loan payments amounting to $ 2,698.57 and the total loan interest is $513.57

What is the total cost of financing?

The actual money you borrow in addition to the interest that you will have to pay is called the total cost of financing.

In this case, the Auto price is given $32,495

[tex]\rm loan\,term = \, 60\,months\,(12\times5)\\\\Interest\,rate =8.64\%\\\\Down\,payment = \$1,877\\\\Trade\,in\,value = \$ 28,433 ($32,495\times87.5\%)\\\\\rm\, Sales\,tax = 8.23\%\\\\Title\,,registration\,and\,other\,fees = $ 2,557( \$2,243+ \$314)\\\\Monthly pay : $44.98\\\\\rm\,Total\,loan\,amount = $2,185\\\\\rm\,Sales\,tax = $334.30\\\\\rm\,Upfront Payment = $ 4,768.30\\\\[/tex]

A total of 60 loan payments is equal to $2,698.57, the total loan interest is equal to $513.57, and the total cost (price, interest, taxes, fees ) is equal to $35,899.87

Thus, Valerie has to pay $35,899.87 as the total amount for the purchase of the car.

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Factors that decrease the demand for bonds include.

Answers

A factor that will decrease the demand for bonds is a decrease in the riskiness of stocks.

What are bonds?

A bond is a debt instrument used by companies to raise capital. Bondholders are paid interest at regular intervals at a predetermined rate.

Stocks offer a higher rate of return than bonds but stocks are usually more risky. If the riskiness of stocks decline, the demand for stocks will increase and the demand for bonds will decrease.

Here are the options:

A) an increase in the volatility of stock prices.

B) a decrease in the expected returns on stocks.

C) a decrease in the inflation rate.

D) a decrease in the riskiness of stocks.

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Kaylee received a check from her grandmother. She wants to make sure that the check gets deposited into her account, so she endorses the check as follows: For Deposit Only, Account 7864389876, Kaylee Jones. This is an example of what type of endorsement?
A. Special endorsement.
B. Certified endorsement
C. Blank endorsement.
D. Restricted endorsement.

Answers

A. Special endorsement is correct.

A _________ is the distribution of cash to its owners. This is determined by the board of directors. Multiple choice question. withdrawal cash dividend common stock dividend

Answers

Answer:

Common stock dividend

Explanation:

Owners have stock as proof of part ownership of the company.  The dividend is designed to share the company's profits with it's owners.  You may onmly own a trashcan, but it still earns a dividend.

A cash dividend is the distribution of cash to its owners. This is determined by the board of directors.

What is a cash dividend?

This is the distributrion of the accumulated earnings or the profits made by a corporation by all of its share holders.

The sharing of the cash to the owners is a decision that is made by the board of directors.

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Three roommates will share the cost of an apartment. Monthly rent is $1,050. Average monthly utilities are estimated to be $150, including electricity, water, and trash pickup. Groceries are estimated to cost $525 per month. Internet service costs $120 per month, including phone and cable TV. Roommate #2 has a pet (deposit of $100). The security deposit is $525, and cleaning fees are $90. The estimated monthly cost of household supplies is $90.

what is the total monthly cost for the apartment

Answers

Based on the various costs incurred by the three roommates, the monthly cost of the apartment is $1,410.

What is the most cost of the apartment?

The monthly cost of the apartment are all costs that relate to maintaining it and providing services to it.

This can be found as:

= Monthly rent + Monthly utilities + Internet service + cleaning fees

= 1,050 + 150 + 120 + 90

=  $1,410

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After a loan is sold in the secondary market, the originating lender may be required to repurchase the loan due to

Answers

Answer:

hard work thats hard thinking

Explanation:

just try your best

The period in which there are no fixed costs is the:.

Answers

Answer:

the long run

Explanation:

If the Dow Jones Industrial Average was 300 in October 1929 and 100 in October 1931, how much of a percentage decrease did it experience (rounded to the nearest whole rate)

Answers

Answer:

67%

Explanation:

First We will calculate Dow Jones Industrial Average Decrease

Industrial Average  in October 1929  = 300

Industrial Average  in October 1931  = 100

So the decrease in Industrial Average is (300-100) = 200

Now We will calculate the Industrial Average decrease in percent

                                 (200/300) x 100 = 66.66%

Rounded to 67%

Kono corp. , an american company, is trying to decide whether to open its first international branch in europe or asia. The managers of the company are operating under a condition of _____.

Answers

The managers of Kono Corp., which is an American company trying to open a branch in Europe or Asia are operating under a condition of D. uncertainty.

What is uncertainty?

Uncertainty refers to situations where the information is imperfect or unknown. When operating under uncertainty, some evaluations need to be undertaken to close the information gap.

Answer Options:

A. goal displacement.

B. illusion of control.

C. social reality.

D. uncertainty.

Thus, the managers of Kono Corp. are not operating under goal displacement, the illusion of control, or social reality, but it is operating under conditions of uncertainty.

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Cast Away Electronics paid a sum of $25,000 to an official of a foreign government to ensure that the company obtained exclusive preferential treatment for the plant it is building. The $25,000 can be classified as:____________

Answers

The payment by Cast Away Electronics to an official of a foreign government can be classified as a bribe.

Why is it a bribe?

A bribe is a payment made by an entity to another entity in order to gain an unfair advantage or favor.

Cast Away Electronics wanted to gain an unfair advantage in the treatment of a plant and so paid a government official. This is therefore a bribe.

In conclusion, this is a bribe.

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When a firm identifies a weakness within its organization, what can it do to address that weakness? a. It can develop a distinctive competence. b. It can look for organizational opportunities that will eliminate the weakness. c. It can modify its mission. d. It can consider it a distinctive competence and exploit it. e. It can modify its objectives for strengths.

Answers

When a firm identifies its weaknesses it can address it by  considering it a distinctive competence and exploit it.

What is a firm's weakness?

These are the constraints that firms are known to face. These weaknesses usually have the power of impeding the work that is being carried out in the organization.

In a situation where firms discover their weaknesses, they can go ahead to find ways to turn it around.

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A cash discount representing a reduction in the amount to be paid by a credit customer if the customer pays within a specified period of time is also referred to as a(n) discount.

Answers

It should be noted that a cash discount representing a reduction in the amount to be paid by a credit customer can also be called Cash discount.

What is a discount?

Discount can be regarded as a reduction in price of a good or service.

As a customer, one can ask manager for a discount in case of damaged item and other cases.

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Which statement or statements accurately describe characteristics of subsidized Stafford loan? I. Grace period during which payments are not due II. Based on student need III. Student is responsible for all interest for the lifetime of the loan. A. I only b. II only c. I and II d. I and III.

Answers

Subsidized Stafford loan is provided to students who are in need of funds for study purposes and during the grace period, payments are not due on the loan amount. Thus Option C. is the correct answer.

What is a Subsidized Stafford loan?

Stafford Loans were available both as Subsidized and Unsubsidized loans. Subsidized loans are given to students based on the indicated financial need (see Expected Family Contribution).

The interest on the loan is paid by the federal government while the student is in school and during the official postponement.

Therefore, Option C. I and II are the correct answers; Grace period during which payments are not due and Subsidized Stafford loan is provided on the basis of students' need.

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How does international trade impact economic growth within a trading nation?.

Answers

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For a restaurant to be able to offer mixed beverages to go, which of the following are true?
A. It must be accompanied with a food order.
B. Beverage must be in a sealed tamper proof container.
C. There is no alcohol/food ratio.
D. All of the above

Answers

All go with all of the above I guess

A restaurant can sell mixed beverages if they fulfill these requirements: A. It must be accompanied by a food order. B. Beverage must be in a sealed tamper-proof container. C. There is no alcohol/food ratio.

What is a Mixed beverage?

A mixed drink, caterer, or special occasion license holder must provide or sell one or more portions of a beverage made all or portion of an alcoholic drink in a sealed or unopened container of any permitted capacity for personal consumption were served or sold.

Any restaurant in this business must fulfill all the conditions to be able to sell mixed beverages as requested by the legal authorities.

Hence, the correct option is D. All of the above.

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Which statement best explains how elasticity and incentives work together?.

Answers

The statement that best explains the elasticity and incentives work together is that an elastic good, such as a game, is more likely to respond to incentives.

What is elasticity?

Elasticity is the term that is used in economics. It calculates the percentage change of one economy shifting in response to a percentage change in another.

It is a broad estimate of the sensitivity of an economic variable in reply to a change in another economic variable.

It is defined as an elastic good, like a game, is additionally possible to react to motivations or incentives.

Therefore, an elastic good, such as a game, is more likely to respond to incentives is the correct statement.

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A company may choose a ________ strategy to take advantage of economies of scale in marketing and production.

Answers

It should be noted that a company can choose a pricing strategy to take advantage of marketing and production.

What is a pricing strategy?

It should be noted that pricing strategy is important when selling a product.

A company may choose a pricing strategy to take advantage of economies of scale in marketing and production.

This is important to generate revenue and meet organizational goals.

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