The percentage of accounts receivable uncollectible can be ignored for cash budgeting because a. for most companies,
Question:
The percentage of accounts receivable uncollectible can be ignored for cash budgeting because
a. for most companies, it is not a material amount.
b. it is included in cash sales.
c. it appears on the budgeted income statement.
d. no cash is received from an account that defaults.
e. none of the above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
a for most companies it is no...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Business questions
-
Bad debt expense is estimated using the percentage of accounts receivable method. Total sales for the year were $500,000. The ending balance in Accounts Receivable was $100,000. An examination of the...
-
Describe the interest expense reflected on the budgeted income statement over the life of a periodic and lump-sum payment note.
-
Accounts Payable Accounts Receivable Cash Inventory and Sales Revenue are not involved in the Other Accounts column in either the cash receipts or cash payments journal and are not involved in any...
-
Supply the missing information in the following table for Greenwood Company: Sales.................................................................................... ?...
-
The introduction of technologies such as fax machines, e-mail, and the Internet into the workplace has greatly increased the possibility of employees using company property for personal use. It is a...
-
Read FAQ 8.2.1 and answer the following: True or false? When using a theory-based test to analyze data from 2 2 tables, the choice of statistic (p max p min , MAD, and chi-square) doesnt matter.
-
Review the law on dismissals on grounds of capability, misconduct and redundancy
-
Jaeco Corporation asks you to review its December 31, 2014 inventory values and prepare the necessary adjustments to the books. The following information is given to you. 1. Jaeco uses the periodic...
-
The 2020 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Income Statement For Year Ended December 31, 2020 Net sales $1,006,000 Cost of goods sold: Inventory, Dec. 31,...
-
You are a profitable conglomerate thinking about getting into the gelati business by acquiring the firm Alati Gelati (AG). Current info for you, AG and their similar comp is listed below. You...
-
Assume that a company has the following accounts receivable collection pattern: Month of sale 40% Month following sale 60% All sales are on credit. If credit sales for January and February are...
-
An ideal budgetary system is one that a. encourages dysfunctional behavior. b. encourages myopic behavior. c. encourages goal-congruent behavior. d. encourages subversion of an organizations goals....
-
How many dependency exemptions are the following taxpayers entitled to, assuming the people involved are U.S. citizens? Which dependents qualify for the child credit? a. Andrew supports his cousin...
-
2. Question 2 When preparing a financial spread analysis, what should be done when the financial statement captions don't align with those provided in the spread template? 1 point Conform the...
-
Your company just secured an $6 million contract with a major public-sector client that is expected to generate thousands of jobs over the next 10 years. Describe the scenario as a blog.
-
Dr. John Gottman's research has been able to accurately predict divorce more than 90% of the time.By carefully studying how couples interact with each other, he identified what are known as "The Four...
-
Adult Sleep Times (hours) of sleep for randomly selected adult subjects included in the National Health and Nutrition Examination Study are listed below. Here are the statistics for this sample: n =...
-
For high-energy electron diffraction in a TEM, another estimate of the precision of diffraction angles can be provided by the uncertainty principle: px We do not know the specific plane that scatters...
-
Tell whether the given rational expression is proper or improper. If improper, rewrite it as the sum of a polynomial and a proper rational expression. x + 5 x - 4
-
(a) How far away can a human eye distinguish two ear headlights 2.0 m apart? Consider only diffraction effects and assume an eye pupil diameter of 5.0 mm and a wavelength of 550 nm. (b) What is the...
-
Boris Jasper is the manager of an auto parts division for a large auto parts supplier. The division makes dampers and oil pumps. Identify three things Boris could do to increase the divisions ROI in...
-
Boris Jasper is the manager of an auto parts division for a large auto parts supplier. The division makes dampers and oil pumps. Identify three things Boris could do to increase the divisions ROI in...
-
Boris Jasper is the manager of an auto parts division for a large auto parts supplier. The division makes dampers and oil pumps. Identify three things Boris could do to increase the divisions ROI in...
-
You want to invest annual amounts over the next 15 years. If your goal is to have $15,000 at the end of that time and if you can earn 8 percent on your invested funds, how much do you need to invest...
-
please explain thoroughly how to do in excel 1. Find the number of units to ship from each factory to each customer that minimizes total cost
-
For esch of the following Independent tranactiona, determine the minimum amount of net income or loas for tox purposes snd the tsxpsyer to which it applies. 1 An individual purchases a $ 1 0 , 0 0 0...
Study smarter with the SolutionInn App