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Oksi-84 [34.3K]
1 year ago
6

At the end of 2021, Worthy Co.’s balance for Accounts Receivable is $11,000, while the company’s total assets equal $1,410,000.

In addition, the company expects to collect all of its receivables in 2022. In 2022, however, one customer owing $2,600 becomes a bad debt on March 14.
1. Record the write off of this customer’s account in 2022 using the direct write-off method. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Business
1 answer:
erastovalidia [21]1 year ago
6 0

Answer:Worthy journal $

Date

March 14, 2022

Bad debt Dr 2600

Receivable Cr 2600

Narration. Record of receivables written off to income account on account becoming unrecoverable.

Explanation:

The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.

In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.

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The bargaining power of consumers can be the most important force affecting competitive advantage. Consumers gain increasing bar
viva [34]

Answer:

C. If consumers are informed about​ products, prices, and costs across countries

D. If consumers are particularly important to the seller

YES. As having a complete information will allow for arbitrage between areas and if they are a big fish of the seller business the seller will be less likely to roll-over the consumer in negociation.

Explanation:

A. If switching to competing brands or substitutes is expensive

NO. If switching is expenses then, the exit-barrier is higer thus, less bargaining power as we are less likely to leave

E. If consumer demand is rising

NO. Is demand rises then the supplier will have bargain power as it has where to sale the product if we leave

3 0
2 years ago
A spa has placed a magazine advertisement in a local women’s magazine. What technological feature have the owners incorporated i
mylen [45]

Answer: A. A QR code that is scanned and decodes information directly on the phone

Explanation:

This is the best option as QR codes are usually inserted into print media to give more information about something when they are scanned. They can even be used to give discounts.

Human technology has not reached the point where either pop-ups, interactive content, or image projections can appear on print media so options B through E are wrong.

5 0
2 years ago
Joel borrows his brother's boat for the month of June, as he has done for the past few years. In the past, Joel has fixed anythi
baherus [9]

Answer:

The correct answer is the option D: Yes, if the old steering wheel would have damaged the boat.

Explanation:

To begin with, in the case presented Joel's brother seems to be quite pleasent with the fact that Joel is repairing the boat once year so that means that he does not need to take the boat in for regular maintenance so therefore that he saves money due to the work done by Joel. That is the reason why if the steering wheel would have damaged the boat if it was not replaced then the cost that Joel's brother would have paid in order to repair all the damaged done by the wheel would have been much greater than just the cost of the steering wheel itself. Moreover, it is quite understood that they both had a tacit agreement that has been there for many years so therefore that Joel's brother must pay him otherwise, plus if the new wheel improves the value of the boat as well.

7 0
1 year ago
Russia and Qatar made the first serious moves in October 2008 toward forming an OPEC-style cartel for natural gas. The two strat
swat32

Answer:

The outcome of this game is that both countries will cheat

Explanation:

Solution

Recall that

For Russia:

If Qatar cheats or found cheating is = zero cheat

If Qatar co-operates = 140 million (co-operates or comply)

For Qatar:

If Russia cheats or found cheating is = it is considered as a  zero cheat

If Russia cooperates = 140 million (co-operates or comply)

So,

The outcome of equilibrium = (0,0)

Therefore the outcome of this game is that both countries will cheat

Note: Kindly find an attached copy of part of the solution to the question given.

7 0
2 years ago
The CFO of a publicly traded company is expecting to pay a dividend next year of $1.25 and projecting that the price of the comp
Levart [38]

Answer:

$42.604

Explanation:

Using dividend growth model we have D1 = $1.25, dividend at end of year 1

P1 = $45 price at the end of year 1

Ke = 10% Cost of capital or expected return

g = ? the growth rate expected

Thus

D2 = D1 + g

$45 = \frac{1.25+g}{0.10-g}

$4.5 - 45g = 1.25 + g

$3.25 = 46g

7.06% = g

Now, using value of g we have

P0 = \frac{1.25}{0.10-0.0706}

Current price P0 = $42.604

8 0
1 year ago
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