Why does the direct write-off method of accounting for bad debts usually fail to match revenues and
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
Revenues and expenses usually are not matched under the direct wri...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Accounting questions
-
Why does the allowance method of accounting for bad debts conform to GAAP while the direct write-off method does not?
-
Why isn't the direct write off method of uncollectible accounts receivable the preferred method?
-
Why is the allowance method of accounting for bad debts more consistent with accounting standards than the direct write-off method? Under what circumstances is the direct write-off method acceptable?
-
Find the directive gain and directivity of the small loop antenna.
-
Prove the general version of DeMorgan's Laws. Let {Aa: ) be a (possibly uncountable) collection of sets. Prove that (a) (A)c = Ac. (b) (A,)c = Ac.
-
The series represents a well-known function. Use a computer algebra system to graph the partial sum S 10 and identify the function from the graph. 00 f(x) = (3x)" n=0
-
The Miller Find Corporation disclosed the following statement of earnings in its 2016 annual report (amounts in thousands): In addition, the company reported the following data regarding its...
-
The following data relate to the direct materials cost for the production of 2,400 auto-mobile tires: a. Determine the direct materials price variance, direct materials quantity variance, and total...
-
Assessment of physical and technical safeguards in place to protect health information from any type of threat Evaluation criteria for the assessment should include the following: Initial phase...
-
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the...
-
How do sellers benefit from allowing their customers to use credit cards?
-
Explain the accounting constraint of materiality.
-
As a public accountant, you have been contacted by Joe Davison, CEO of Sports-Pro Athletics, Inc., a manufacturer of a variety of athletic equipment. He has asked you how to account for the following...
-
The information below applies to ABC Corp. Stock price = $152.35 September call option:strike = $145 strike; premium = $10.15 What is the time value of the September call option? (Do not include a...
-
2. (30 marks) You are asked to use the k-means algorithm to cluster the following 8 examples into 3 clusters: P1=(2,10), P2=(2,6), P3=(8,4), P4=(5,8), P5=(7,4), P6=(6,4), P7=(1,2), P8=(4,9). (a)...
-
An unfair coin with Pr[H] = 0.8 is flipped. If the flip results in a head, a marble is selected at random from a urn containing two red and eight blue marbles. Otherwise, a marble is selected from a...
-
Hi,, Does anyone have the proper solution for the case study of "lighting the way at the manor house hotel" by Harvard business review? I have this assignment which we are supposed to read the case,...
-
You just won the grand prize in the Super Pokemon Lotto and won 12 million pokecoins! (Current foreign exchange rate is 1 pokecoin = 1 US dollar). You will get paid 100,000 pokecoins per month for...
-
Explain why shelf registration has been used by many firms instead of syndication. Why is it controversial?
-
Prove that if Σ an is absolutely convergent, then a. an
-
A hot water heating coil has a set-point of 110F with a throttling range of 15F. The heat output of the coil varies from 0 kW to 80 kW. Assuming that a proportional controller is used to maintain the...
-
The following information is from Nokia (www.Nokia.com), which is a leading global manufacturer of mobile devices and services. Required 1. For each year, compute the percentage that cash represents...
-
Santana Rey receives the March bank statement for Business Solutions on April 11, 2012. The March 31 bank statement shows an ending cash balance of $67,566. A comparison of the bank statement with...
-
Under what two conditions should investments be classified as current assets?
-
Sally is the HIM director at Memorial Hospital and has been asked to compose a record retention policy for the hospital. What should be her first consideration in determining how long paper and...
-
Your firm, which operates in the mining sector, is considering a proposal to build a new processing plant on the site of one of its vacant warehouses. The new building will cost $100 million, while...
-
Suppose you buy an 8% percent annual coupon bond for $1,100. The bond has 10 years to maturity. The interest is paid once a year. Five years from now, the interest rates have increased by 3% and you...
Study smarter with the SolutionInn App