What is the difference between the percent-of-receivables and aging-of-receivables methods?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (19 reviews)
In the percentofreceivables method the business uses only one perce...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Accounting questions
-
What is the difference between a defined-contribution pension plan and a defined-benefit pension plan?
-
What is the difference between a closed-end investment company and a mutual fund?
-
What is the difference between media channels, contact points, and touch points?
-
Find a minimum spanning tree for the following graph using all 3 algorithms 13 17 22- 20 15, a. Adding the shortest edge first b. Deleting the longest edge first c. Growing a tree from the node D
-
You can obtain the pH of a 0.100 M HCl solution by assuming that all of the H3O+ ion comes from the HCl, in which case the pH equals log 0.100 = 1.00. But if you want the pH of a solution that is...
-
Using the information in Problem 14.3, construct a net material requirements plan using the following on-hand inventory. In Problem 14.3, The demand for subassembly S is 100 units in week 7. Each...
-
Zhang Ltd uses sales, purchases, cash receipts, cash payments and a general journal along with subsidiary ledgers for accounts receivable and accounts payable. Zhang Ltds financial year ends on 31...
-
In the assembly process for automobile engines, at one stage in the process a gasket is placed between the two sections of the engine block before they are joined. If the gasket is damaged (e.g.,...
-
1. 120g of an organic compound that contains only carbon and hydrogen gives 330g of CO2 and 270g of water on complete combustion. The percentage of carbon and hydrogen, respectively are (a) 25 and 75...
-
Draw a data model for the following entities, considering the entities as representing a system for a patient billing system and including only the attributes that would be appropriate for this...
-
How do the percent-of-receivables and aging-of-receivables methods compute bad debts expense?
-
Why must companies record accrued interest revenue at the end of the accounting period?
-
Identify and give examples of the following terms: A. Polynomial. B. Quadratic. C. Second-order polynomial. D. Degrees of homogeneity. E. Increasing, decreasing, and constant returns to scale. F....
-
If Keisy sold107 units of inventory, calculate (show work) ending inventory and cost of goods sold using the LIFO method? Beg. inventory 10 units at $50 1st purchase 20 units at $60 2nd purchase 52...
-
You are the New Business Development Manager for a large UK - based DIY ("do it yourself") company that imports and sells garden furniture through its numerous retail outlets. Your imported sales...
-
You are the New Business Development Manager for a large UK - based DIY ("do it yourself") company that imports and sells garden furniture through its numerous retail outlets. Your imported sales...
-
7. Maple Enterprises sells a single product with a selling price of $275 and variable costs per unit of $235. The company's monthly fixed expenses are $23,000. a. What is the company's break-even...
-
A company enters into a contract to provide software development services to a client for $100,000. The contract specifies a milestone payment of $40,000 upon completion of the initial design phase....
-
What are the main report formats and when are they used?
-
What is a lobbyist in US? How did this term emerge?
-
Consider an isolated object at rest in space. The object contains internal energy in some form or another. Is it-in principle-possible to convert the internal energy to kinetic energy so that the...
-
Amy's Learning Center has assembled the following data for the year ended June 30, 2018: Payments to suppliers.............................................$115,000 Cash payment for purchase of...
-
Red Toy Company reported the following comparative balance sheet: Requirements 1. Compute the collections from customers during 2018 for Red Toy Company. Sales Revenue totaled $134,000. 2. Compute...
-
The records of Vintage Color Engraving reveal the following: Compute cash flows from operating activities by the indirect method for year ended December 31, 2018. Net income Sales revenue Loss on...
-
Prices of Athletic Shoes Prices (in dollars) of mens, womens, and childrens athletic shoes are shown. At the 0.05 level of significance, can it be concluded that there is a difference in mean price?
-
What are the key historical factors supporting the building of relationships between indigenous communities and settlers from Britain and France? What were the strengths and difficulties? What is an...
-
Let n be a positive integer, n2. The graph G illustrated below has vertices a1, a2, ..., an, b1, b2, ..., bn. C1, C2, ..., C, and d, and edges ab, bici, cia, and, bnd, cnd and aja+1, bibi+1, CiCi+1...
Study smarter with the SolutionInn App