Business, 02.06.2020 23:57 staceyfrog2002ovw02g
On June 1, 2018, Perfect Performance Cell Phones sold $ 17,000 of merchandise to Ashton Trucking Company on account. Ashton fell on hard times and on July 15 paid only $ 6,000 of the account receivable. After repeated attempts to collect, Perfect Performance finally wrote off its accounts receivable from Ashton on September 5. Six months later, March 5, 2019, Perfect Performance received Ashton's check for $ 11,000 with a note apologizing for the late payment.
Requirements:
1. Journalize the transactions for High Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold.
2. What are some limitations that High Performance will encounter when using the direct write-off method?
Answers: 1
Business, 22.06.2019 10:00
You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?
Answers: 2
Business, 22.06.2019 12:50
There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration
Answers: 2
Business, 22.06.2019 18:00
Bond j has a coupon rate of 6 percent and bond k has a coupon rate of 12 percent. both bonds have 14 years to maturity, make semiannual payments, and have a ytm of 9 percent. a. if interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?
Answers: 2
Business, 22.06.2019 18:50
Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right
Answers: 3
On June 1, 2018, Perfect Performance Cell Phones sold $ 17,000 of merchandise to Ashton Trucking Com...
Mathematics, 22.10.2020 23:01
Physics, 22.10.2020 23:01
Mathematics, 22.10.2020 23:01
Mathematics, 22.10.2020 23:01
Mathematics, 22.10.2020 23:01
Mathematics, 22.10.2020 23:01
Advanced Placement (AP), 22.10.2020 23:01
Chemistry, 22.10.2020 23:01
Mathematics, 22.10.2020 23:01
Social Studies, 22.10.2020 23:01
Mathematics, 22.10.2020 23:01
Mathematics, 22.10.2020 23:01