ndicate whether the following statement is true (T) or false (F).
The "aging" (or percentage-of-receivables) method may be described as a balance sheet approach method because it provides a better estimate of uncollectible accounts and net accounts receivable than the percentage of sales method.

Answers

Answer 1

The given statement is true because the aging method focuses on the accounts receivable themselves and considers the likelihood of collecting them based on their age, making it a more accurate method for estimating uncollectible accounts.

The aging method is a balance sheet approach to estimating uncollectible accounts as it focuses on analyzing the age of accounts receivable and their likelihood of being collected, rather than just basing the estimate on sales figures like the percentage of sales method.

Thus, the "aging" (or percentage-of-receivables) method may be described as a balance sheet approach method because it provides a better estimate of uncollectible accounts and net accounts receivable than the percentage of sales method is true.

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Answer 2

T (True). The "aging" (or percentage-of-receivables) method is considered a balance sheet approach because it focuses on estimating the uncollectible accounts and net accounts receivable by analyzing the age of outstanding receivables, rather than basing the estimate on a percentage of sales.

This method provides a more accurate estimation of uncollectible accounts. The statement is true. The aging method, also known as the percentage-of-receivables method, is a balance sheet approach method of estimating uncollectible accounts and net accounts receivable. It provides a more accurate estimate of the ending balance in the accounts receivable account by taking into account the age of each outstanding invoice and the likelihood of it being collected. This method is considered more accurate than the percentage of sales method, which only considers the total amount of credit sales made during a period and applies a fixed percentage to estimate the amount of bad debts.

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Related Questions

a measurement scale that provides consistent results over time ___

Answers

A measurement scale that provides consistent results over time is called a reliable scale or measurement.

Reliability refers to the consistency and stability of measurements or scores obtained from a scale or instrument. In other words, if a measurement scale is reliable, it means that it produces consistent and reproducible results when used repeatedly or across different time points.

Reliability is an important characteristic of a measurement scale as it ensures that the instrument is dependable and can be trusted to provide consistent results. This allows researchers or practitioners to have confidence in the accuracy and stability of the measurements obtained, enabling them to draw meaningful conclusions or make reliable decisions based on the data collected. Various statistical methods and techniques are used to assess and evaluate the reliability of measurement scales, such as test-retest reliability, internal consistency reliability, inter-rater reliability, etc.

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On December 31, 2017, Reagan Inc. signed a lease with Silver Leasing Co. for some equipment having a seven-year useful life. The lease payments are made by Reagan annually, beginning at signing date. Title does not transfer to the lessee, so the equipment will be returned to the lessor on December 31, 2023. There is no purchase option, and Reagan guarantees a residual value to the lessor on termination of the lease. Reagan's lease amortization schedule appears below: Dec. 31 Payments Interest Decrease in Balance Outstanding Balance 2017 $ 519,115 2017 $ 90,000 $ 90,000 429,115 2018 $ 90,000 $ 17,165 72,835 356,280 2019 $ 90,000 14,251 75,749 280,531 2020 $ 90,000 11,221 78,779 201,752 2021 $ 90,000 8,070 81,930 119,822 2022 $ 90,000 4,793 85,207 34,615 2023 $ 36,000 1,385 34,615 0 What is the balance of the lease liability on Reagan's December 31, 2019, balance sheet (after the third lease payment is made)?

Answers

Answer:

Reagan Inc.

The balance of the lease liability on Reagan's December 31, 2019 Balance Sheet (after the third lease payment is made) is $280,531 .

Explanation:

a) Data:

Reagan's lease amortization schedule appears below:

                             Payments       Interest       Decrease       Outstanding

                                                                         in Balance         Balance

                                                                                                  $ 519,115

Dec. 31  2017      $ 90,000                               $ 90,000           429,115

            2018       $ 90,000      $ 17,165               72,835         356,280

            2019       $ 90,000         14,251               75,749          280,531

           2020       $ 90,000          11,221               78,779          201,752

           2021        $ 90,000          8,070               81,930           119,822

          2022        $ 90,000          4,793              85,207             34,615

          2023        $ 36,000           1,385               34,615                     0

b) Reagan's lease liability is the amount that is due to Silver Leasing Co. for the equipment which Reagan Inc. leased on December 31, 2017.  It is shown as the outstanding balance or balance to be paid to the lessor.

True or false: Employees prefer to receive ISOs rather than NQOs because the entire difference between the sales price and the exercise on the subsequent sale of the stock may be taxed as a long-term capital gain if the required holding periods are met. True false question. True False

Answers

Answer:True

Explanation:

The term _________________ refers to the additional utility provided by one additional unit of consumption.

Answers

Answer:

Marginal Utility

Explanation:

Marginial Utility is the term used to describe the additional amount of utility (utils) given by consuming one additional unit of a product.

For example, the first bite of a cupcake could be 20 utils.

If the second bite of cupcake adds 15 utils (up to 35 utils), then the marginal utility is 15 utils.

Sales is one occupation where _________ is not determined by wage or salary limits set by an employer

Answers

Sales is one occupation where profit is not determined by wage or salary limits set by an employer.

What is sales?

Sales include the step by step procedure that is used in spelling a goods or services.

The activity involves in sakes aims at selling the product to make profit.

Therefore, sales is one occupation where profit is not determined by wage or salary limits set by an employer.

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please help me i reallu need your help

Answers

Answer: ok I can help but where is the question? :)

Explanation:

Answer:

what's the question??

..................._.....................

In what areas do federal agencies regulate to ensure safety and the general
wellness of US citizens?

a. Businesses
b. Environment
c. Products
d. All of the above

Answers

Answer:

d. All of the above

Explanation:

Government regulations are the rules that players in an industry must abide by. In a free-market economy like the US, the government's main role is to regulate economic activities. The government enforces regulation through its various agencies.

The areas of regulations include but are not limited to

Protecting consumers from undue exploitation by businesses, Encourage fair business competition Promote a healthy, safe work environment for employees Promote and sustain a clean environmentPrivate data protection and security

You purchase $300 worth of the same stock every quarter for one year at prices per share of $15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
please help ​

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

The _____ is the entire sequence of securing inputs, producing goods, and delivering goods to a customers.
supply chain
Production
customization
assembly-line

Answers

The  supply chain is the entire sequence of securing inputs, producing goods, and delivering goods to a customers.

Does the order of suppliers and buyers include every stage of the processing?

Supply chain management, which includes all phases of processing from collecting raw materials to distributing finished items to consumers, refers to controlling the order of suppliers and buyers.

What is the entire process of producing and providing clients with the goods and services they want?

Marketing is the process by which businesses produce and provide clients with goods and services. It aids a business in gaining new clients and keeping hold of the existing ones. It performs a variety of tasks related to product marketing, pricing strategy, and advertising.

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Bonds issued by raxin accounting have a total yield of 11.4% annually, while raxin accounting stocks have a total yield of 14.4% annually. if you invest $2,600 in raxin accounting bonds and $2,000 in raxin accounting stocks, which investment will have a greater return after nine years, and how much greater will it be? a. the bonds will show a profit that is $75.60 greater than that of the stocks. b. the bonds will show a profit that is $67.60 greater than that of the stocks. c. the stocks will show a profit that is $8.00 greater than that of the bonds. d. the stocks will show a profit that is $524.40 greater than that of the bonds.

Answers

If amounts of $2600 and $2000 are invested in raxin accounting bonds and stocks respectively, bonds will give a return over such investment that is more than $158 compared to that of stocks.

What is return on investment?

Using the given information, it can be calculated that the returns generated by bonds over an investment of $2600 for nine years will be $6870; whereas that for stocks will be $6712 for an investment of $2000.

\(\rm Better\ Return\ on\ Investment= Returns\ over\ Bonds – Returns\ over\ Stocks\\\\\rm Better\ Return\ on\ Investment= 6870-6712\\\\\rm Better\ Return\ on\ Investment= \$158\)

Hence, it has been computed that bonds have a generated a better return on investment at the rate of 11.4 percent for a period of nine years that is more by $158 than that of returns by stock investments.

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Answer:

Its A) 75.60 greater than that of stocks

Explanation:

ON EDGE

Which of the following will cause an increase in Supply for the Short-Run Macroeconomic model?

A. Lower prices will increase the demand.

B. Higher prices to encourage competition.

C. The addition of only highly skilled workers.

Answers

Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.

How supply can be increased in the short run?

In the marketplace model, supply slopes up due to the profit purpose of individual firms. If a corporation receives a better price, they'll make a higher profit via way of means of selling more, so the quantity supplied will increase while the price will increase.

Therefore, Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.

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Amelia has laid the groundwork for a fledgling business and is considering incorporating. Which of the following is a valid concern that she might have?(1 point) Please help!

Answers

Incorporated businesses are legally recognized outfits. A valid concern that Amelia will have when considering incorporating her business is;

C) The regulations will be more burdensome than in other business structures.

Incorporating a business entails making the business legally recognized. This would involve lots of paper works and rules.

Incorporated businesses can sue and be sued. Therefore, they must be careful in the decisions they make. This is not the case with non-incorporated businesses.

Unincorporated businesses include sole proprietorships and partnerships. They have more freedom and are not really legally liable.

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Here are the options:

A) Acquiring financing as a corporation will be much more challenging than it is for other business structures.

B) Incorporating comes with an increase in liability compared to other business structures.

C) The regulations will be more burdensome than in other business structures.

D) The corporation will only last as long as she is able to work

Answer:

The regulations will be more burdensome than in other business structures.

Explanation:

kelly, the owner of llama farms, a sole proprietorship, wants to obtain additional business capital but to maintain control. this can best be accomplished by

Answers

Kelly, the owner of llama farms, a sole proprietorship, wants to obtain additional business capital but to maintain control. this can best be accomplished by borrowing funds.

Kelly may explore borrowing cash for his firm in order to maintain entire control of his company while also gaining extra finances for business development. Kelly has the option of obtaining a bank loan or borrowing money from private folks.

A sole proprietorship is an unregistered, unincorporated business that is operated completely by one person proprietor, with no differentiation between the business and the owner. A single proprietorship owner is entitled to all earnings but is also liable for the company's debts, losses, and obligations.

A sole proprietorship is a type of business that can be owned and run by an individual, a corporation, or a limited liability partnership. There are no business partners.

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Please reflect on how the money multiplier concept can be an important tool of both expansionary as well as contractionary monetary policy for any central bank such as the U.S. Federal Reserve Bank?

Answers

The money multiplier concept is an important tool for both expansionary and contractionary monetary policies for any central bank such as the U.S. Federal Reserve Bank.

What is the money multiplier concept?

The money multiplier concept describes the quantity of money created by banks through the interaction of bank deposits and reserve ratios.

When the U.S. Federal Reserve wants to increase the money supply, it reduces the reserve ratio and vice versa.

Thus, the money multiplier concept is an important tool for both expansionary and contractionary monetary policies for any central bank such as the U.S. Federal Reserve Bank.

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A $50 petty cash fund has cash of $20 and valid receipts for $30. the entry to replenish the fund would include a:________

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A $50 petty cash register has $20 in cash and $40 in valid receipts. Replenishment entries include: Cash deposit of $30.

Cash book entries are debits to cash accounts and credits to cash accounts. Accountant replenishes cash drawer or box. The cash drawer or box should contain the original amount of cash for the fund. The cashier creates journal entries to record cash receipts.

When you refill the cash register, the cash account is credited with the sum of all expenses since the last time you refilled the cash register. During the bank reconciliation process, pending checks are deducted and checking accounts are added to your statement balance.

For this reason, businesses typically install petty cash boxes that are restocked every two to four weeks. Businesses delegate their cash register responsibilities to a person called a cashier or treasurer.

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This is the part of the business cycle in which output, or real gdp has stopped its slide.

Answers

When the decline in output or Real GDP ceases, the business cycle is said to be at its trough.

The fourth phase of the business cycle is often the trough. The business cycle begins with a peak, followed by a trough, recession, or expansion. Before reaching its peak, the economy transitions during the trough from its contraction phase to its growth phase.

The Trough is the point in the business cycle where the output or Real GDP stops declining. The business cycle is at its lowest point at this time.

Owners may make wise company judgments by comprehending business cycles. They can predict when to brace for a downturn and seize an expansion by keeping an eye on the economy's health and paying heed to recent economic forecasts.

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Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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The concept that states that the timing of the receipt or payment of a cash flow will affect its value to the holder of the cash flow

Answers

The time value of money is a financial theory that argues that when cash flows are received or paid, the timing will determine how much they are worth (TVM).

What does the term "cash flow statement" mean?

A financial statement called a cash flow report gives complete information about all cash inflows a company makes from continuing activities and the outside investment sources. Additionally, it comprises of all financial disbursements made over a specific period of time to cover investments and expenditure.

What 3 different kinds of cash flow statements are there?

Companies should monitor and analyze three forms of cash flow: cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities to assess the liquidity and solvency of the company. A company's cash flow statement will include all three.

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Why is liability an especially important type of car insurance?

Answers

Answer: If you cause a car accident, liability insurance will cover injuries to other people and damage to their property. Liability car insurance, sometimes called "third-party" coverage, is one of the most important types of car insurance.

Explanation:

Write three sentences.What is summer mainly about and what is your fav thing about summer time?

Answers

Is is what the top say your welcome

An improvement made to a machine increased its production capacity by 25% without extending the machine's useful life. The cost of the improvement should be

Answers

The improvement made to the machine has increased its production capacity by 25% without extending its useful life. This means that the machine can now produce more output in a shorter amount of time, resulting in increased efficiency and productivity. The cost of the improvement would depend on various factors, such as the type of improvement made, the complexity of the machine, and the materials used.

In general, the cost of the improvement should be weighed against the benefits it provides in terms of increased production capacity and improved efficiency. It is also important to consider the payback period, which is the length of time it will take for the investment in the improvement to be recouped through increased revenue or cost savings.

If the improvement is relatively simple and inexpensive, such as the addition of a new tool or software upgrade, the cost may be relatively low. However, if the improvement is more complex and requires significant modifications to the machine, the cost may be higher.

Ultimately, the decision to invest in an improvement to a machine should be based on a careful analysis of the potential benefits and costs. If the improvement is likely to result in significant increases in productivity and efficiency, the cost may be justified.

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why is business-to-consumer e-commerce convenient? a. shoppers can purchase online any time they want. b. bricks-and-mortar stores remain open longer. c. it's easier for customers to drive to the store's location. d. consumers can schedule a call to ship products.

Answers

Business-to-consumer e-commerce convenient is option (A), shoppers can purchase online any time they want.

Business-to-consumer or Direct to consumer is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, any other middlemen.

The benefit of business-to-consumer in the e-commerce models, choose from wide range of goods and services, enjoy simplicity and comfort, through B2C save money and time.

In the e-commerce convenient for buying goods or services without creating physical limitations. It requires just a few clicks from the comfort of your home to gain the merchandise.

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Whenever total supply is less than total demand in a transportation problem, the LP model does not determine how the unsatisfied demand is handled. a. True b.False

Answers

The given statement is "Whenever total supply is less than total demand in a transportation problem, the LP model does not determine how the unsatisfied demand is handled" is false because in a transportation problem when the total supply is less than the total demand, a dummy supply node can be introduced to balance the problem.

In a transportation problem, if the total supply is less than the total demand, the LP model can determine how the unsatisfied demand is handled. There are two common methods to handle unsatisfied demand in a transportation problem:

Dummy source method: In this method, a dummy source (artificial supplier) is added to the problem to supply the required amount of the unsatisfied demand. The cost of transportation from the dummy source to the destination is set to a high value so that the solver does not choose this option unless it is necessary.

Dummy destination method: In this method, a dummy destination (artificial consumer) is added to the problem to receive the required amount of the unsatisfied demand. The cost of transportation from the origin to the dummy destination is set to a high value so that the solver does not choose this option unless it is necessary.

Therefore, the LP model can handle the situation when the total supply is less than the total demand by using either of the above methods to allocate the unsatisfied demand.

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1. Workplaces that grow plants, such as farms, nurseries, greenhouses,
gardens, and parks are part of
Plant Systems
Animal Systems
Food Products & Processing Systems
Environmental Service Systems

1. Workplaces that grow plants, such as farms, nurseries, greenhouses,gardens, and parks are part ofPlant

Answers

Answer:

Plant Systems

Explanation:

The plant system entails the science of how plants grow. It is the study of the different types of plants and how they impact our world. Gardens, farms, nurseries, greenhouses, and parks also form part of the plant's system.

Plant Systems specialists help feed the nation by monitoring our plant food quality and safety. They provide information that aids consumers in making sensible nutritional decisions.

revenue cycle monitoring assessment helps ensure __________ stability using standards of measurement (e.g., cash flow).

Answers

Revenue cycle monitoring assessment helps ensure financial stability by utilizing standards of measurement, such as cash flow, to evaluate and manage the revenue generation and collection process.

Revenue cycle monitoring assessment involves the continuous evaluation and management of the processes and activities related to generating and collecting revenue within an organization. It aims to ensure the financial stability of the company by implementing standards of measurement, such as cash flow analysis.

By closely monitoring the revenue cycle, organizations can identify potential issues or inefficiencies that may affect their financial stability.  By setting and monitoring specific metrics and standards, such as days sales outstanding (DSO) or collection efficiency ratios, companies can assess their financial stability and make informed decisions to improve their revenue generation and collection processes.

Regular assessment of the revenue cycle helps organizations identify areas of improvement, streamline processes, and enhance cash flow management. It enables them to identify potential risks, such as late payments or revenue leakage, and take proactive measures to address them.

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What are the dangers associated with having a high national debt?

Answers

Answer :

In addition to showing the path of future debt, CBO's Long-Term Budget Outlook described the consequences of a large and growing federal debt. The four main consequences are: Lower national savings and income. Higher interest payments, leading to large tax hikes and spending cuts.

Answer:

Explanation:

Lower income and economic opportunities for the people. Might lose investors and business opportunities.

what is the difference between a supermarket and a hypermarket​

Answers


Super market are big but hypermarket is much bigger and it offers big ticket items such as appliances

Efficient processes in manufacturing that resulted in quality products and reduced unit costs was the focus of which era in the evolution of marketing?

Answers

Answer:

Product orientation.

Explanation:

Efficient processes in manufacturing that resulted in quality products and reduced unit costs was the focus of product orientation in the evolution of marketing.

Product orientation refers to a management philosophy or concept which suggests that the quality of the goods produced by a company are much more important than the needs and wants of the potential customers in the target market. This ultimately implies that, the end users or consumers would be more attracted to goods that are of quality standards.

Your business pays $1,200 per year for insurance, but the insurance company has offered a 15% discount if you complete an online safety class. How much will your new annual insurance cost be if you complete the online safety course

Answers

Answer:

$1,020

Explanation:

15% of 1200 = 180

1200-180= 1020

Provide and explain any five (5) of the various strategies available in managing capacity.

Answers

Managing capacity involves the development and implementation of strategies that ensure a business's ability to produce the necessary goods and services for its customers in a timely and cost-effective manner. Here are five strategies available for managing capacity:

1. Adjust production quantities: This involves reducing or increasing production quantities to match demand. This strategy requires a clear understanding of how demand changes over time, as well as how costs are affected by changes in production levels.

2. Change delivery methods: Changing delivery methods can be effective when production capacity is limited. This can involve shifting production to an alternative location or outsourcing to a third party.

3. Capacity sharing: This involves sharing capacity between different parts of a business to optimize efficiency. For example, if one location has excess capacity, it can be shared with another location that has a capacity shortage.

4. Reducing lead times: Lead time refers to the amount of time it takes to complete a production cycle. By reducing lead times, a business can increase its capacity without necessarily increasing production.

5. Using technology: Technological advancements can help businesses increase their capacity without having to increase their workforce. Automation, for example, can significantly improve production efficiency and capacity.

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Greg has $400 in his savings account. Each month he spends $50 on shoes. After how manymonths will he have $O? you are given the expressions 76+n and 2n + 26. What is the smallest value of n that will make each number rational? Jacobs Company had inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit. On June 12, it purchased 20 units at $14 per unit. On June 17, it sold 30 units. Using FIFO, what is the value of the inventory at June 17 after the sale?a. $140b. $160c. $210d. $380 Use elementary geometry to find the area under the graph of y = 1/2 x + 3 between x = 1 and x = 5. Sketch a picture. explain the advantage of ovovivipary over ovipary as a reproductive strategy how long does it take for christmas tree branches to settle Which of the following statements best describes the movement of particles in a liquid?A.they do not moveB.they vibrateC.they slide around each otherD.they fly around freely Below are selected journal entries that were made by Zonker Company: 1. The $2,000 cost for the installation of fences around company property was debited to the Land account.2. The $500 of unpaid property taxes related to the purchase of a piece of Land were debited to the Property Tax Expense account. 3. The $1,000 in interest costs during construction (on money borrowed to build a new building ) were debited to the Building account. 4. The $250 charge for insurance costs during transportation ( for a newly purchased piece of equipment) was debited to Insurance Expense. 5. Zonker Company spent $7,000 in research costs. These costs were debited to the Research Expense account. 6. The company spent $1,500 in legal fees to successfully defend one of its patents in court. This amount was debited to the Legal Fees Expense account. 7. The $3,000 cost to install a new motor in a company delivery truck was debited to the Vehicles account. 8. The company debited $1,200 to the Amortization Expense account related to one of its trademarks ( part of a year-end adjusting journal entry).Instructions: Make a correcting entry ( if necessary) for each of the above transactions. If the entry that was made is correct, then state "No correcting entry required." Assume cash was paid for all of the above transactions ( except Transaction #8). (1 mark each) 8 If n=18, (x-bar)=43, and s=10, find the margin of error at a 99% confidence level Give your answer to two decimal places. Mitchell is 6 years older than halfhis brother Clint's age.2.1.Together, they are 12 years old.Write an equation to represent thesituation. Let c represent Clint's age. In a lottery game, a player picks six numbers from 1 to 25. If the player matches all six numbers, they win 20,000 dollars. Otherwise, they lose $1. Hint: There are 177100 possible ways of choosing six numbers, and you want just the one winning combination.What is the expected value of this game? True or False?"Studying for the exam is a necessary condition for passing" means: If you studied for the exam, then you will pass. True False Question 3Having a bad credit history impacts every one of these items but one. Which isthe one item not impacted by bad credit history?A. Your ability to get a car loan or any other type of loan.B. The fact that I am a good person.C. An employer's decision to offer you a job.OD. The interest rate offered to you. True or False. Thyroxine is released into the blood attached to a carrier protein, not in its free form. I need help ASAP! Look at photo for the question. Im not smart so if your answer is right I will to the brain thing, idk what its called. what is the wavelength in meters of an electron (mass *9.11 * 10-28 g) that has been accelerated to a speed of2.1 * 107 m>s? Which of the following is true of a recessionary gap? It measures the amount by which actual output is greater than an economy's potential output. In the long run, this gap closes when resource suppliers negotiate lower resource payments. It develops when the expected price level is less than the actual price level. In the long run, this gap closes when the aggregate demand curve shifts rightward. In the long run, this gap closes when the short-run aggregate supply curve shifts leftward. Although marketing expenses are fixed, in reality, they may besemi-variable; why? The lengths of three sides of a triangle are 10 centimeters, 11 centimeters, and 13 centimeters. Find the measure of the smallest angle of the triangle. After being destroyed in World War II, what did Japan have that helped it recover from the devastation?