?Which method for estimating uncollectible accounts receivable is considered to be balance-sheet oriented?
A. ?Aging of accounts receivable method
B. ?Percentage of net sales method
C. ?Direct write-off method
D. ?Gross receivables method
Answer: A
You might also like to view...
Juana contracts to sell Ignacio her MP3 player for $30. This contract will be fully discharged when Juana and Ignacio
A. agree to sign a bill of sale. B. exchange the player for the $30. C. sign a receipt. D. shake hands and go their separate ways.
Thomas Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's sole product. According the production specifications, each completed unit requires five pounds of direct material at a standard cost of $7.80 per pound. Direct materials consumed by the end of the period totaled 53,500 pounds in the manufacture of 10,900 finished units.An examination of Thomas' payroll records revealed that the company worked 22,000 labor hours (cost = $319,000) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $14.80 per hour. Assume that the company computes variances at the earliest point in time.Thomas' direct-labor rate variance was
A. $2,960F. B. $6,600F. C. $6,600U. D. $2,960U. E. None of the answers is correct.
One of the ways in which green computing can be achieved is by replacing meetings over computer networks with actual face-to-face meetings
Indicate whether the statement is true or false
Prior to recording adjusting entries, the Office Supplies account had a $359 debit balance. A physical count of the supplies showed $105 of unused supplies available. The required adjusting entry is:
A) Debit Office Supplies $105 and credit Office Supplies Expense $105. B) Debit Office Supplies Expense $105 and credit Office Supplies $105. C) Debit Office Supplies Expense $254 and credit Office Supplies $254. D) Debit Office Supplies $254 and credit Office Supplies Expense $254. E) Debit Office Supplies $105 and credit Supplies Expense $254.