Business High School

Is allowance for doubtful accounts a debit or credit.

Answers

Answer 1

Answer:

credit

Explanation:

because the allowance for doubtful accounts is a contra asset account

Related Questions

Which investment type describes loans to business or governments

A. Bonds
B. IRAs
C. Mutual funds
D. Stocks

Answers

The investment type that describe loans to business or governments is called bonds.

What is a bond?

This is a debt instrument, in which the holder gets interest for a period of time. Here, when the bond matures, the holder gets back his or her money.

A bond is like a loan, with an option to receive interest.

Hence, the investment type that describe loans to business or governments is called bonds.

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Answer: BONDS

Explanation:

Why should you avoid leaving your idle
cash sitting in a bank?
A. You will not be able to access it quickly.
B. Your money will not be growing as rapidly as if you used
another option.
C. You will be required to pay a high interest rate.

Answers

The answer is C, or You will be required to pay a high interest rate.

Explanation:

Leaving idle cash sitting in a bank will result in an inactivity fee, which technically is considered interest.

Louis enterprises stock is selling for $48 a share. flotation cost on new equity issues is 15 percent. how is the value of f computed for use in the flotation-adjusted cost of equity formula

Answers

I think you can find this onh search your answer on it ther e

Identify whether each of the following costs should be classified as product costs or period costs. (a) select a type of cost Manufacturing overhead. (b) select a type of cost Selling expenses. (c) select a type of cost Administrative expenses. (d) select a type of cost Advertising expenses. (e) select a type of cost Direct labor. (f) select a type of cost Direct materials.

Answers

The following costs are classified as product costs (manufacturing overhead, direct labor, and direct material) and period costs (selling expenses, administrative expenses, and advertising expenses).

What are product costs?

Product costs refer to the costs directly incurred for production. They include:

Manufacturing overheadDirect laborDirect material

What are period costs?

Period costs are indirect costs that cannot be traced to production. Some of the period costs include:

Selling expensesAdministrative expenseAdvertising expenses

Thus, product costs include manufacturing overhead, direct labor, and direct material, while period costs include selling expenses, administrative expenses, and advertising expenses.

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A client at your firm has a portfolio consisting exclusively of commercial paper and banker's acceptances. Based on these holdings you would conclude that this client A) is taking precautions to minimize risk B) is not interested in equities C) is seeking returns above those of standard money market rates D) is in a high tax bracket and needs tax free income

Answers

A client at your firm has a portfolio consisting exclusively of commercial paper and banker's acceptances is A. taking precautions to minimize risk.

Who is a client?

It should be noted that a client simply means an individual using the service of a professional body.

In this case, a client at your firm has a portfolio consisting exclusively of commercial paper and banker's acceptances is taking precautions to minimize risk.

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For a college student who needs to buy an $80 textbook, the money she received from her parents for the purchase of school supplies would be used as a:

Answers

The money she received from her parents for the purchase of school supplies would be used as a medium of exchange.

What is money?

Money is anything that is generally chosen and accepted by a community, as a medium of exchange and standard of value.

Characteristics of money are:

Medium of exchangeStore of valueMeasure of value

Hence, the money she received from her parents for the purchase of school supplies would be used as a medium of exchange.

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Which of the international operations strategies involves a focus on cost reductions and high local responsiveness

Answers

The type of strategy where the international operations focus on higher reductions in cost and higher local alertness is called transnational strategy.

What is meant by the strategy?

A strategy is a policy devised to achieve long-term objectives.

Transnational strategy is one of the strategies to keep in check the monetary transactions entered between various entities of different nations. A business is said to be transnational when it has its entire operations in one country but also has varied operations in other counties.

Therefore, the transnational strategy involves a greater reduction in costs and greater alertness at local levels.

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An indirect measure of risk that tells us how much a firm earned for each dollar invested by its owners is called blank______. multiple choice question. the current ratio earnings per share return on sales return on equity

Answers

An indirect measure of risk that tells us how much a firm earned for each dollar invested by its owners is called return on equity.

What is return on equity?

Return on equity can be defined as a process use by company or organization to measure risk , profit or net income after tax divide by the company equity over a period of time.

Formula for Return or equity is:

Return on equity= Net income after tax/ Total owners' equity.

Therefore the correct option D.

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Read the passage.
What did the president mean when he said he had to
face "very difficult choices" when creating a federal
budget?
O deciding which country to borrow from to finance
spending
O deciding what would be funded and what would be cut
O deciding how to keep interest rates low on the
national debt
O deciding how much to increase tax rates

Answers

The President used "very difficult choices" to explains it is difficult to decide what would be funded and what would be cut

Who used the quote?

The quote was used by President Barack Obama during the 2012 Budget Message of the President.

Hence, he explained that it was difficult to decide what would be funded and what would be cut.

Therefore, the Option A is correct.

Answers

The journal entry to enter the information will be C. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.

What is a journal entry?

It should be noted that a journal entry simply illustrates the debited and credit side of the financial transactions.

Here, the journal entry to enter the information will be to debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.

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Which sentence in the passage is an example of a real-world situation that could restrict Martha’s decisions?
Martha is in her late teens. She lost her father in the war several years ago. Just like her father, Martha wants to join the military and serve her country. However, Martha has several obstacles in her path. Martha’s mother is overly protective of her daughter and has always tried to keep her safe. Also, Martha is still tormented by the memories of the war and her father’s absence. To make matters worse, Martha might not qualify for the military because of her petite and fragile frame.

Answers

"Martha is in her late teens. She lost her father in the war several years ago. Just like her father...." the sentence in the passage is an example of a real-world situation that could restrict Martha’s decisions "To make matters worse, Martha might not qualify for the military because of her petite and fragile frame.". This is further explained below.

What is a passage?

Generally, a passage is simply defined as a part or chunk of a piece of writing.

In conclusion, Martha in the passage Martha saw a real-world situation and this was "To make matters worse, Martha might not qualify for the military because of her petite and fragile frame." was on that could that restrict Martha’s decisions

Answers

Based on the calculations, the yield on this corporate bond is equal to 9.14%.

What is yield?

Yield can be defined as a measure of the income returned or earned from an investment such as the interest earned from holding a corporate bond.

Mathematically, the yield on an investment can be calculated by using this formula:

Yield = Interest paid/Price paid

However, we would need to determine the interest paid as follows:

Interest paid = value of bond × Interest rate

Interest paid = 1000 × 0.08

Interest paid = $80.

Substituting the given parameters into the formula, we have;

Yield = Interest paid/Price paid

Yield = 80/875 × 100

Yield = 9.14%.

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Through ____ managers get to know employees and their work ethics, and they can determine
which employees will help the business achieve its goals and meet its objectives.

answer choices:
-planning
-leading
-organizing
-controlling

Answers

Through leading managers get to know employees and their work ethics, and they can determine which employees will help the business achieve its goals and meet its objectives

Who are managers?

Managers are set over companies and organization to help manage the affairs.

The relate with other employees to manage the firm or organization.

Therefore, Through leading managers get to know employees and their work ethics, and they can determine which employees will help the business achieve its goals and meet its objectives

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Just before the accident, Alicia actually reduced her policy from $50,000 to $25,000.
How much does Alicia have to pay?

How much does her insurance pay?

Answers

Alicia has to pay $15,500. Meanwhile, her insurance pays $25,000.

Solution

After reducing her policy coverage from $50,000 to $25,000 this implies that her insurance would only cover any claim up to a maximum of $25,000.

In this case, we subtract the amount to be compensated according to the verdict ($40,000) from $25,000 to get the amount not covered by her policy and which Alicia would have to pay herself

40000-25000 = 15000

$15,000 + $500 deductible = $15,500.

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A(n) _________ in current liabilities _________ net working capital, thereby _________ the risk of technical insolvency. (a) decrease; increases; increasing (b) increase; decreases; increasing (c) increase; increases; reducing (d) decrease; decreases; reducing

Answers

An increase in current liabilities decreases net working capital, thereby increases the risk of technical insolvency. Thus the option (B) is correct.

What is Working Capital?

Working capital refers to the current assets minus current liability. It tells about company's day to day operation and indicates about financial capacity to pay its debt within a year.

Increase in the current liabilities implies that there is a decrease in working capital. Therefore, it implies that company has increased its debt which can result in the risk insolvency.

Thus the option (B) is correct.

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The___________ made farming more eddcient meaning that less people were needed to work on farms. This created abundance of workers who could work in factories leadigng to the sucess of the __________

Answers

The Industrial Revolution made farming more decent meaning that less people were needed to work on farms. This created abundance of workers who could work in factories leading to the success of the production.

What is Industrial Revolution?

Industrial Revolution can be regarded as the period which involves the increase of industry as well as usage of plants and advance machineries for increase in production and efficiency.

Therefore , Industrial Revolution created abundance of workers who could work in factories leading to the success of the production.

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write the following In Words 689·104

Answers

Six hundred eighty nine (689)

One hundred four (104)

Since 2009, the Age Discrimination in Employment Act: Multiple choice question. has been broadened to include those from 15-40 requires that age can be one of the determining reasons for any employment action against older workers requires that age must be the determining reason for discrimination to prove any employment action against older workers has been broadened to include those from 35-50

Answers

The Age Discrimination in Employment Act requires that age must be the determining reason for any employment action against older workers.

What is the age discrimination?

This refers to the treatment of an applicant or employee less favourably because of his or her age.

The Employment Act requires that age must be the determining reason for any employment action against older workers.

Therefore, the Option B is correct.

Answers

Tech A says that packing a wheel bearing assembly can be done by hand with proper results. Tech B says that packing a wheel bearing assembly with a bearing packer will get the proper results. The two statements are right. This is further explained below.

What is a wheel bearing?

Generally, the wheel bearing is simply defined as an important component of a vehicle's braking, steering, and suspension systems.

In conclusion, The one-piece hub assembly is located between the drive axle and the brake disc.

Answers

The use of credit is illustrated when a business owner takes out a loan to expand and redecorate her offices.

What is a credit?

It is a transaction whereby the creditor or lender supplies money in return for a promised future payment by the other party.

Hence, the use of credit is illustrated when a business owner takes out a loan to expand and redecorate her offices.

Therefore, the Option D is correct.

Answers

Based on the selling price of the 8 units and 9 units, the marginal revenue from selling the ninth unit is $405.

What is the marginal revenue when the 9th unit is sold?

This can be found as:

= Revenue from selling 9th unit - Revenue from selling 8th unit

Solving gives:

= (9 x 445) - (8 x 450)

= 4,005 - 3,600

= $405

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How would you best describe a manufacturing employee who has lost his job because he was replaced by a robot (new technology) and does not have the skills necessary to help operate the robot

Answers

The manufacturing employee who has lost his job because he was replaced by a robot and does not have the skills necessary to help operate the robot can be best described as "structurally unemployed".

What is new technology?

Any set of productive techniques which offers a significant improvement (whether measured in terms of increased output or savings in costs) over the established technology for a given process in a specific historical context is termed as new technology.

Artificial Intelligence, or AI, has already received a lot of buzz in the past decade, but it continues to be one of the new technology trends because of its notable effects on how we live, work and play are only in the early stages.

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For almost 20 years, Hank has been the top sales professional for Strickland Propane. He credits his success to following the first law of business, which is toMultiple Choicedo things right.get things done through people.innovate or die.take care of the customer.

Answers

the first law of business is to keep and create a customer.

this would make the answer D. Take care of the customer.

Instead of "discovering" what clients already know they need, they gain their allegiance by introducing them to a completely different way of thinking.

Customers expect salespeople to offer creative fixes for issues. They search for adaptability and imagination. demonstrates to me how to evade dangerous land mines.

Thus, Option D is correct.

What defines exceptional client service?

Going above and beyond to meet your customer's needs is what excellent customer service is all about. It entails much more than just offering timely and pleasant help. More significantly, it entails going above and above to ensure that your customers are more than just satisfied.

They are genuinely pleased with your offerings. This skill set includes the capacity to pay attention to a customer's issue, recognize potential conflict causes, generate alternate alternatives, and implement a solution. It's beneficial to demonstrate to clients your willingness to efficiently sort through the chaos.

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In a(n) ________ strategy, managers try to gain a competitive advantage by focusing the energy of all the organization's departments or functions on driving the company's expenses down below the expenses of its industry rivals.

Answers

Answer:

low-cost

Explanation:

I may not be right, so use this as a last resort if necessary.

Hair Stylist Woes. Maryann went to see her hair stylist, Candy. Maryann, who had black, curly hair, requested straight, blond hair. Candy told her that she could make that change, but there would be significant upkeep involved. Candy made the change, but Maryann did not do the upkeep required. She also falsely claimed that Candy did not do what Maryann asked her to do, that Candy lied to her, and that Candy was professionally incompetent. Maryann made the statements to friends of hers. She also wrote an editorial in her college newspaper to the effect that Candy's shop should be avoided at all costs because Candy was incompetent. In fact, Candy was a good hair stylist and enjoyed a good reputation up until the time that Maryann started her criticism. Candy threatened to sue Maryann for defamation, but Maryann told Candy that Candy could not prevail because Candy could not prove loss of income. Candy had to admit that while her reputation had been damaged somewhat, the damage was primarily among the college population. Her income kept increasing from other segments of the community, and she had suffered no net loss. As far as the statements Maryann made to her friends, which of the following is true in regards to her statement that Candy cannot recover because Candy has not suffered a loss of income?
A. Maryann is correct.
B. Maryann is correct only if she can establish that she did not intend to cause economic loss to Candy.
C. Maryann is incorrect because her actions would be considered liable per se.
D. Maryann is incorrect because general damages would be presumed.
E. Maryann is incorrect because Candy has proven special damages.

Answers

The statement in regards Candy is that Maryann is incorrect because general damages would be presumed. Thus the correct option is (D).

What are General Damages?

Damages that inevitably and directly result from a contract breach. Or, to put it another way, those losses that, in a perfect world, every damaged party would sustain is known as the General Damages.

As per the above situation, Candy is suffering from the loss of the reputation due to the Maryann actions against her for writing the editorial and spreading the wrong news about her saloon.

Candy is the subject of the claim, and Maryann is mistaken since general damages would be assumed. hence, the appropriate choice is (D).

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True or false: A protective tariff is designed to raise money for the government. True false question. True False

Answers

Base on research, it can be deduced that it is true that A protective tariff is designed to raise money for the government because it is enacted to raise fund.

What is protective Tariff?

Protective Tariff refer to a tariff or duty paid on imported goods by citizen which is enacted by the government to raise money of fund for domestic companies so as to increase their productivity. The protective tariff is paid on imported goods and it is more compared to the one paid on exported goods, this is done to protect domestic companies.

Therefore, A protective tariff is a duty paid on imported goods, enacted by the the government to raise money.

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One natural consequence of mastering your job can be increased _______. a. excitement b. boredom c. interest d. fear please select the best answer from the choices provided a b c d

Answers

The complete statement is "One natural consequence of mastering your job can be increased interest." Option C. This is further explained below.

What is interest?

Generally, interest is simply defined as the desire to understand more about something.

In conclusion, When you've mastered your profession, it's normal to feel more enthusiastic about it.

Answers

Answer:

ur mum xdddddd

Explanation:

dddddddddd

Dominick earned $7.25 per hour until his state raised the minimum wage to $12 per hour, at which time his pay was increased to $12. Which law is the organization abiding by in this scenario

Answers

The law that Dominick's organization is abiding to when they increased his pay is the Fair Labor Standards Act (FLSA).

What does the Fair Labor Standards Act (FLSA) call for?

It states that employees should be treated in a fair manner that is consistent with the work they put in.

The Act makes this clearly by specifying that minimum wage laws should be abided by which was why the organization increased Dominick's wages when the minimum wage was raised.

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52) upon receiving notice from their electric utility that customers with solar power systems are permitted to sell excess power back to the utility, an arizona family is considering the purchase of a photovoltaic solar energy system for their 2,700-square-foot suburban home. the initial costs of the systems they are considering range from $7,000 to $30,000. while gathering information prior to making a decision, the homeowners find the following information at the web site of the united states department of energy. (a) describe one environmental benefit and one environmental cost of photovoltaic systems. (b) from the two types of solar systems described on the government web site, select the system (either stand-alone or grid-connected) that you think best meets the needs of the homeowners. write an argument to persuade them to purchase the system you selected. include the pros and cons of each system in your argument. (c) describe two ways that government or industry could promote the use of photovoltaic power systems for homeowners in the future.

Answers

The main environmental benefit of the photovoltaic systems is that its supplies clean and efficient energy while its environmental cost is tye need for space for placing the solar panels.

What is a photovoltaic system?

This refers to composition of solar panels with an inverter that use energy from the Sun to generate electricity.

The stand-alone photovoltaic system is the most efficient for need for homeowners as they generate the power for themselves.

In conclusion, the government could promote the use of photovoltaic power systems for homeowners in the future by making a sensitization of the benefit of clean energy.