Sales made on account are recorded with a debit to Accounts Receivable and credit to Sales Revenue for the price times the quantity. Management knows that some of those accounts will not be collected but is unsure which specific customers it will be. Thus, management estimates the amount and records an adjusting entry. Later, when the specific non-paying customer is identified, it writes off the account. The effect of the write off on the accounting equation is to _____. Multiple choice question. increase one asset and decrease another increase assets and stockholders' equity increase liabilities and decrease stockholders' equity reduce assets and stockholders' equity

Answers

Answer 1

The correct answer is option A. The effect of the write-off in the accounting equation is to increase one asset and decrease another.

What is a write off in accounting?

This is a term that is used to refer to the removal of all accounts that are uncollectible for the general ledger of the business.

It is a write off when a person is not able to carry out all of the obligations that they are supposed to do.

Read more on a write off here:

https://brainly.com/question/4636062

#SPJ1


Related Questions

a certain value has a standardized score = 1.75. how many standard deviations from the mean does this value fall? is this value greater than or less than the mean?

Answers

Based on the fact that the value has a standardized score of 1.75, this means that the value is 1.75 greater than the mean.

What is a standardized score?

The standardized score of a value is meant to show the value's position relative to the mean value of the data set.

A value with a standardized score of 1.75 is therefore 1.75 standard deviations above the mean.

Find out more standardized scores at https://brainly.com/question/12406305.

#SPJ11

In order for a loan to come within the scope of the truth in lending act, the credit or loan must _____.

Answers

For a loan to be within the scope of the Truth in Lending Act, it needs to be $25,000 or less. Unless secured by a mortgage on real easte.

What does the Truth in Lending Act do?

It is a federal act that was passed to stop creditors from using the lack of knowledge of debtors to make them heavily indebted by offering huge loans.

As a result of that act, loans now have to be $25,000 or less unless there is a mortgage on a real estate property that the creditor can use to recoup the loan in case of a default.

Find out more on the Truth in Lending Act at https://brainly.com/question/2492099.

#SPJ12

Assume that sparks uses a perpetual specific identification inventory system. its ending inventory consists of 2 units from beginning inventory, 4 units from the jan. 5 purchase, and 10 units from the jan. 29 purchases. calculate the dollar value of its ending inventory.

Answers

The dollar value of the ending inventory is given as $264

How to solve for the dollar value of ending inventory

Through the specific identification system, we can identify units through the use of accounting principles.

We have to multiply the number of units of inventory by the amount that it costs.

Hence we have

2 * 12 + 4 * 15 + 10 * 18

This gives us $264 as the dollar value of the inventory.

Complete question

Assume that Sparks uses a perpetual specific identification inventory system. Its ending inventory consists of 2 units from beginning inventory, 4 units from the Jan. 5 purchase, and 10 units from the Jan. 30 purchases. Calculate the dollar value of its ending inventory.

Jan 1

Beginning Inventory

10 at $12

Jan 5

Purchase

10 at $15

Jan 30

Purchase

10 at $18

Feb 8

Sale

14 units

$186

$264

$160

$450

Read more on inventory here:

https://brainly.com/question/24868116

#SPJ1

Answer:$264

Explanation:

Managing the Economy with Monetary Policy In this exercise you will be evaluating the economic condition of the country and making decisions in order to keep the economy level. The amount of money in circulation has a tremendous effect on the economy and inflation. Imagine if you found $100,000 in cash floating around your front yard. What would you do with it

Answers

The inference if one finds $100,000 in cash floating around your front yard is to take it to the police.

What is an inference?

It should be noted that an inference simply means the conclusion that can be deduced based on the information given in a literary work.

In this case, the inference if one finds $100,000 in cash floating around your front yard is to take it to the police. This is essential to locate the owner.

Learn more about inference on:

brainly.com/question/25280941

#SPJ1

the ______ is characterized by a commitment to equal opportunities in hiring and promotions, and does not directly link a work group’s productivity or success with diversity.

Answers

Discrimination-and-Fairness Perspective is characterized by a commitment to equal opportunities in hiring and promotions, and does not directly link a work group’s productivity or success with diversity.

What is the Discrimination-and-Fairness Perspective?

This is the concept or terminology that is based on the  fact that people are the same basically and have to treated the same way in their work places.

This perspective has to do with the fact that  and that all forms of differences or awareness has to be reduced to a great minimum.

Read more on discrimination here: https://brainly.com/question/1084594

#SPJ12

Female executives in international business have workplace challenges due to gender biases in some countries. For this reason, some companies do not eagerly offer women _____.

Answers

For this reason, some companies do not eagerly offer women international assignments.

What are the barriers/challenges women face at the workplace?Because men have dominated leadership roles for so long when a woman demonstrates these qualities, they are not as well received.Men continue to have more networks than women, which allows them to hear about opportunities and locate mentors and sponsors who will support their growth.The difficulty of juggling work and home obligations sometimes prevents women from pursuing leadership positions. The outdated idea of male and female home responsibilities is still used in the design of workplaces.Obstacles still exist in the form of hostile work environments and covert bias. Women of race encounter more barriers to success and are thus even less likely to assume leadership positions.

Learn more about the impact of women's leadership in the workplace​ here:

https://brainly.com/question/15492809

#SPJ4

Which feature is used to summarize data from multiple worksheets but does not require that the data be in the same location on every worksheet?

Answers

Consolidate data from each worksheet into a single worksheet to summarize and report results from several worksheets.

What is worksheet?

A group of cells arranged into rows and columns is referred to as a "worksheet" in Excel documents.

Data consolidation makes it possible to combine the information from various worksheets into one master worksheet.

In other words, the Data Consolidation function compiles information from a number of worksheets or workbooks into a single worksheet that you can quickly update.

As a result, data consolidation is summarizing data from multiple worksheets.

Learn more about on worksheets, here:

https://brainly.com/question/2554742

#SPJ1

A decision that involves doing a little more or a little less of something is called a:.

Answers

Answer:

Marginal decision.

Which type of decision maker over-analyzes a given piece of information?

Answers

Agonizer is the  type of decision maker over-analyzes a given piece of information.

What is decision in the organization?

Decision is the important factor in the organization as the organization go on the decision take the people work in a firm. The decision can make or break the company and the good decision always beneficial for the company.

The options are missing in the question

A. Mystic

B. Agonizer

C. Submissive

D. Fatalist

Thus, option B is correct.

For more details about decision in the organization, click here:

https://brainly.com/question/14697533

#SPJ1

Diego and his supervisor have coffee together every monday. this is an example of a

Answers

Diego and his supervisor have coffee together every Monday is an example of a ritual

What is a ritual?

A ritual is described as set of activities which may involve gestures, words, actions, or objects, performed according to a set sequence.

According to Diego and his supervisor, there has a been a constant action performed every week (taking coffee together). Since this act has become repetitive, they have become a ritual.

Hence Diego and his supervisor have coffee together every Monday is an example of a ritual

Learn more on ritual here: https://brainly.com/question/14067072

#SPJ12

The Lincoln Company produces a wide range of furniture, such as cabinets, bookcases, and bureaus. It divides its consumer market into several groups of people who have similar interests in wooden furniture. The strategy of dividing its consumer market most likely _______. a. allows the Lincoln Company to use an undifferentiated targeting strategy b. enables the Lincoln Company to define customer needs and wants more precisely c. allows the Lincoln Company to meet the market's needs with a single marketing mix d. eliminates the need for developing marketing objectives

Answers

Lincoln company's strategy of dividing its consumer market will enables it to define customer needs and wants more precisely.

What is the strategy used by Lincoln company?

In marketing, this is known as segmentation which involves division of customers according to their segment such as age, needs, gender etc.

Here, as the firm has divided its consumer market into several groups that have similar interests in wooden furniture, this will allow them to define customer needs and wants more precisely.

Therefore, the Option B is correct.

Read more about segmentation

brainly.com/question/7181203

#SPJ1

Terry purchases a property. the deed includes a description of an easement given to the neighboring property. this is an easement created by ______.

Answers

This is an easement created by statute or court action.

What is a statute?

It should be noted that a statute simply means a written law that's passed by a legislative body.

In this case, purchases a property. the deed includes a description of an easement given to the neighboring property. this is an easement created by an easement created by statute or court action.

Learn more about laws on:

brainly.com/question/946945

#SPJ1

_______________ is the value of the best alternative given up when a choice is made.

Answers

Answer:

Opportunity costs

Hope it helps!

With a newspaper headline suggesting additional health benefits from eating apples, based on the change in demand in the apple market, price and quantity will change in what ways?

Answers

We can actually deduce here that based on the change in demand in the apple market, price and quantity will change in such a way that the price and quantity will increase.

What is change in demand?

Change in demand actually refers to the way that the demand on goods and services change as result of price increment or decrease or other factors.

We see that if the demand for apples increase as a result of the additional health benefits, the price and quantity will also increase.

Learn more about change in demand on https://brainly.com/question/4371942

#SPJ12

It took podcasts about 8 years to reach 1 billion downloads
True or False

Answers

True because many people have different styles so might like different things do it can be hard to make something many people like

what are examples of government legislation designed to protect the consumer? (choose every correct answer.)

Answers

Some examples of government legislation in the united states which is aimed at protecting consumers include the following.

Federal Food, Drug, and Cosmetic Act,Fair Debt Collection Practices Act the Fair Credit Reporting Act Truth in Lending Act Fair Credit Billing ActThe Gramm–Leach–Bliley ActHow does Government protect Consumers?

Government provide legislation which helps in protecting consumers and their right.

 

 These legislation ensures that producers and manufacturers do not exploit the consumers for lack of options.

 The government does this by enacting laws that guarantees consumer protection thereby regulating the excesses in the market.

Learn more about consumer rights at https://brainly.com/question/27317480

#SPJ12

Amtrak is promoting and upgrading passenger rail service. All but one of the following are facts Select one: A. It has high-speed train service between New York and Boston B. Total passenger miles have grown since 1981 C. In the northeast corridor it is the dominant carrier D. It operates some commuter agencies under contract E. It operates without any government subsidy

Answers

The main fact about Amtrak corporation that is promoting and upgrading the passenger rail service is that its operates without any government subsidy.

What is Amtrak corporation?

It is a railroad service that essentially provides an inter-city rail service in the United States and Canada.

Hence, despite that Amtrak corporation that is promoting and upgrading the passenger rail service, it does not operates without any government subsidy.

Therefore, the Option E is correct.

Read more about passenger rail

brainly.com/question/11433327

#SPJ12

In a pull system reducing the number of kanbans:

Answers

The reduction of the number of kanbans in a pull system reduces the inventory which makes problems more visible.

What is a Pull system?

In a supply chain, the system is one where the procurement, production, and distribution are more demand-driven rather than based on predictions.

However, when there is reduction of the number of kanbans in a pull system, its reduces the inventory which makes problems more visible.

Read more about Pull system

brainly.com/question/13305675

#SPJ12


What is the cost gained by producing one additional unit of a good or service?
A. Market-Oriented System
B. Marginal Revenue
C. Market Structure
D. Marginal Cost

Answers

Answer:

B Marginal Revenue

Revenue is money earned from the production of goods and services.

When both supply and demand decrease, the equilibrium price ________ and the equilibrium quantity ________.

Answers

When both supply and demand decrease, the equilibrium price increase and the equilibrium quantity  decrease.

What is supply and demand?

Supply can be defined as the amount of goods that a company is willing to produce and supply while demand can be defined as the amount of goods that consumer are willing or ready to buy.

When both supply and demand decrease, the equilibrium price and the equilibrium quantity can do the following:

Increase; decreaseDecrease; decreaseRemain the same; decrease


Therefore when both supply and demand decrease, the equilibrium price increase and the equilibrium quantity  decrease.

Learn more about supply and demand here:https://brainly.com/question/4804206

#SPJ1

The purpose of requirements structuring is to: A. enable the analysts to gather information on what the system should do from as many sources as possible. B. enable the analysts to identify several feasible alternatives. C. enable the large amount of information gathered during requirements determination to be organized. D. enable the analysts to develop a baseline project plan quickly. E. collect information about the information systems that are currently in use.

Answers

The purpose of requirements structuring is option (c) i.e, to enable a large amount of information gathered during requirements determination to be organized.

What is requirements determination?

Requirements In order to determine what the requirements are, how the system operates, and where improvements could be made, information must be gathered about the current system and studied. can include specific issues or characteristics as well as specifications for a new system.

The two contemporary strategies for determining needs, JAD and prototyping, were created and are based on the earlier conventional techniques.

Important Activities in Need Determination:

The system is being examined, and its attributes are being recorded for future research.At the core of system analysis, fact-finding methods, prototyping, and computer-aided tools are used to record and describe system features.

To know more about requirements determination refer to: https://brainly.com/question/27992359

#SPJ4

Jasmine's General Store advertises cans of X-brand tomatoes for $.33 per can, although she does not have any in stock. When customers arrive to buy the tomatoes, Jasmine tells them that her stock of tomatoes has been sold and that she cannot get more at the lower price. She tells customers she has Y-brand tomatoes in stock for $.55 per can and that the Y-brand tomatoes are far superior to the X-brand. Jasmine is:

Answers

In this scenario, where the store advertises cans of X-brand tomatoes but sells Y-brand tomatoes instead at a higher price, Jasmine is a. engaging in bait-and-switch advertising.

What is bait-and-switch advertising?

Bait-and-switch advertising is a sales fraud that involves luring customers in with false claims about product quality and price when it is not available.

During the process, the customer is usually offered another product that may have a higher price than the one originally advertised.

Question Completion with Answer Options:

a. engaging in bait-and-switch advertising.

b. violating regulation Z.

c. employing good business tactics.

d. engaging in counter-advertising.

Thus, Jasmine is a. engaging in bait-and-switch advertising.

Learn more about getting information about sales frauds at https://brainly.com/question/3422329

#SPJ12

if you expect the inflation rate to be 15 percent next year and a one-year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is:

Answers

If the inflation rate is  15 percent. The real interest rate on this bond is:22%.

Real interest rate

Using this formula

Real interest rat=Expected inflation rate+ One year yield to  maturity

Let plug in the formula

Real interest rate=15%+7%

Real interest rate=22%

Therefore the inflation rate is  15 percent. The real interest rate on this bond is:22%.

Learn more about real interest rate here:https://brainly.com/question/6106690


#SPJ12

Slavin Movement has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and a current price of $1,108.60. At this price, the bonds yield 7.5 percent. What is the coupon rate

Answers

The coupon rate=8.781% as bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and a current price of $1,108.60.

Explanation:

The price at the moment is stated as;

Current price=C×{1-(1/(1+r)^n)}/r+{F.V/(1+r)^n}

where;

C=current price

r=annual yield to maturity rate

n=number of years to maturity

F.V=face value

In our case;

C=$1,108.60

r=7.5%=7.5/100=0.075

n=14 years

F.V=$1,000

replacing;

1,108.60=C×{1-(1/(1+0.075)^14)}/0.075+{1,000/(1+0.075)^14}

1,108.60=C×{1-1/(1.075^14)}/0.075+{1,000/1.075^14}

1,108.60=(C×0.637/0.075)+363.313

1,108.60-363.313=8.48915 C

C=$87.81

But;

Annual coupon payments=coupon rate×face value

where;

annual coupon payments=$87.81

coupon rate=R%=(1/100)R=0.01 R

face value=$1,000

replacing;

87.81=0.01 R×1,000

R=87.81/(0.01×1,000)=8.781% = 8.781

Thus, The coupon rate=8.781%

For more details about the question click here:

https://brainly.com/question/13905447

#SPJ1

Sunk costs are costs that ____. Multiple choice question. will not contribute to profits in the long run even if a project is accepted have already occurred and are not affected by accepting or rejecting a project relate to other projects of the firm cannot be measured

Answers

A sunk cost is a cost that have already occurred and are not affected by accepting or rejecting.

What is a sunk cost?

These refer to costs that the business has already incurred and so cannot recuperate regardless of whether they accept a project or not.

They therefore have no say on a project's acceptance and should not be included in any project analysis.

Find out more on sunk costs at https://brainly.com/question/14848662.

#SPJ12

Cheng is a district manager for a health insurance company. recent reports indicated that cheng's district was not performing as well as other districts in his region. cheng thinks he has been a poor leader and blames himself for the decline in performance in his district. cheng's view of the situation is an example of:_________.
a) tolerance of failure.
b) low self-esteem.
c) need for affiliation.
d) external locus of control.
e) internal locus of control.

Answers

(B) is correct i.e. low of self esteem.

Self esteem means confidence in oneself, its overall your opinion what to do, what is your interest, what do you think about your abilities, & what are you limitations.District Manager, this is such a renowned position which requires a lot of self- confidence, good communication, leadership and many more. Here Cheng's point of view is very negative, he is full of low confidence in himself , don't have patience and leadership quality so that he can manage the situation in the district. From my point of view blaming yourself can't be the solution of it.Cheng's should have that much confidence in himself than only he can manage the situation & can bring his district over the other.

Learn more about this here-

brainly.com/question/8992294

#SPJ10

The definition of market equilibrium states that at the _______________, the quantity of labor demanded by employers will equal the quantity supplied.

Answers

The definition of market equilibrium states that the quantity of labor demanded by employers will equal the quantity supplied at an equilibrium wage.

What is an equilibrium?

The point at which the forces of demand and supply are equal from both the sides, and there is an expression of a perfect competition in the market, such point is known as an equilibrium.

Hence, option B holds true regarding equilibrium.

Learn more about equilibrium here:

https://brainly.com/question/13524990

#SPJ1

Moringa products corporation had common stock of $820,000 and retained earnings of $1,250,000 on january 1. during the year, $75,000 of common stock was issued. dividends of $48,000 were paid. for the year ended december 31, moringa reported a net income of $287,500. what is the retained earnings balance on december 31

Answers

Based on the beginning retained earnings balance and the net income as well as dividends, the retained earnings balance will be $1,585,500.

How much are retained earnings on Dec. 31?

This can be found as:

= Beginning retained earnings + Net income  + dividends paid

Solving gives:

= 1,250,000 + 287,500 + 48,000

= $1,585,500

Find out more on retained earnings at https://brainly.com/question/25998979.

#SPJ1

An employee handling key management discovers that a private key has been compromised. Evaluate the stages of a key's life cycle and determine which stage the employee initiates upon learning of the compromise.

Answers

The stage the employee initiates upon learning of the compromise is Revocation.

How to illustrate the information?

Upon learning of a compromise, the current key should be revoked, and a new key can then be generated.

Certificate generation identifies the public part of a key pair as belonging to a subject, and the subject submits it for signing by the CA as a digital certificate with the appropriate key usage.

Key generation occurs during the initial distribution of the key, or after having revoked one. Expiration and renewal are used for a key pair that has not been revoked or expired after a certain period. A given shelf-life increases security.

Learn more about private key on:

https://brainly.com/question/15346474

#SPJ1

The amount of a product an organization expects to sell during a certain period of time, based on a specified level of marketing effort, is called a:.

Answers

A sales forecast is the volume of merchandise that an organization anticipates selling over a given period of time, based on a predetermined level of marketing activity.

What exactly do you mean by marketing?

Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing.

Sales forecasting is the act of determining how much a sales unit—which can be a single salesperson, a sales team, or an entire company—will sell over the course of the upcoming week, month, quarter, or year.

Thus, organizing expectations for sales during a given period of time refers to the sales forecasts.

Learn more about sales forecasts.

https://brainly.com/question/15576475

#SPJ1

Other Questions
Weather observations siteslike the one shown in thisimage measure manythings about the weather.Which of the following isNOT one of the aspects ofweather measured by sucha site?A. relative humidityC. wind speedB. seismic activityD. air temperature 5.1.2 Exam: Semester ExamQuestion 5 of 25Andrew Jackson benefited most from the expansion of voting rights to whichgroup?O A. White womenOB. Poor white menOC. American IndiansOD. African Americans FACTOR THE EXPRESSION GIVEN BELOW. WRITE EACH FACTOR AS A POLYNOMIAL IN DESCENDING ORDER. ENTER EXPONENTS USING THE CARET (^). FOR EXAMPLE, YOU WOULD ENTER x TO THE POWER OF 2 AS x^2. 343x^3 + 216y^3 Find sin (ABC + 60) NEED QUICK 100 PPOINTS Imagine that a company uses your personal data as part of a financial transaction. Before it occurs, you are not made aware of the nature and scale of this transaction. What concept of data ethics does this violate "[the king] has excited domestic insurrections amongst us, and has endeavored to bring on the inhabitants of our frontiers, the merciless indian savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions." which best describes the colonists' attitude toward american indians? fearful and mistrusting sad and resigned optimistic but wary empathetic and understanding the kind of business that would use the specific identification method of inventory costing includes: When the pancreatic duct is blocked what happens to digestion and sugar regulation What is the value of y? A 10g of limestone is treated with dilute hydrochloric acid.The liberated gas measured at 27C and 750mmHg is 18.5dm^3.Find the percentage purity of calcium carbonate. Match each term with its definition.gender expressiona person whose gender identity andbiological sex aligntransgendera person whose gender identity andbiological sex do not aligngenderXhow people communicate their gender withina culturethe characteristics of being male or female,as defined by societygender identityXcisgenderXthe inherent sense of self as either male orfemale Given right triangle QRS, what is the value of sin(30)? The quickbooks online advanced desktop app can be installed on which operating system?. Mrs. Reynolds is in her Medicare initial coverage election period (ICEP) and the date of her entitlement to Part A and B has already occurred. Mrs. Reynolds has just signed up for a Medicare Advantage plan on the second of the month. She is leaving for vacation in two weeks and wants to know if her new coverage will start before she leaves. What should you tell her? the teacher prepares 2.50 liters (l) of a salt solution for a class experiment. how many quarts (qt) are in 2.50 l? (1 l =1.06 qt) Find the area of the kite. ) 210m ^ 2 ) 140m ^ 2; 420m ^ 2; 224m ^ 2 Which equation can be used to calculate the normal force on an object if you know the speed of the object, the coefficient of kinetic friction, and the force of kinetic friction on the object? If t = 0 in 1980, find the value for t in 1990 what is the percent yield of sulfur dioxide if the burning of 25.0 g of carbon disulfide produces 40.5 g of sulfur dioxide? the north end of a compass points towards