FREE Trial

What are three disadvantages of using the direct write-off method?

Question:

What are three disadvantages of using the direct write-off method?



This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 63% (11 reviews)

Three disadvantages of the direct write off method are a Efforts to collect the account often exten…View the full answer


answer-question
Answered By
tutor-profile-image
Shubhradeep Maity
I am an experienced and talented freelance writer passionate about creating high-quality content. I have over five years of experience working in the field and have collaborated with several renowned companies and clients in the SaaS industry. At Herman LLC, an online collective of writers, I generated 1,000+ views on my content and created journal content for 100+ clients on finance topics. My efforts led to a 60% increase in customer engagement for finance clients through revamping website pages and email interaction. Previously, at Gerhold, a data management platform using blockchain, I wrote and published over 50 articles on topics such as Business Finance, Scalability, and Financial Security. I managed four writing projects concurrently and increased the average salary per page from $4 to $7 in three months. In my previous role at Bernier, I created content for 40+ clients within the finance industry, increasing sales by up to 40%. I am an accomplished writer with a track record of delivering high-quality content on time and within budget. I am dedicated to helping my clients achieve their goals and providing exceptional results.
5.00+ 1+ Reviews 10+ Question Solved
Related Book For  answer-question
College Accounting

College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

See More Books
Question Details
Chapter # 16
Section: Review Questions
Problem: 10
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: December 22, 2011 03:10:58
See More Questions

Students also viewed these Accounting questions

Q:
What are three disadvantages of implementing NC technology?
A:
Four disadvantages are identified in the text 1 Higher investment cost because N......
Q:
What is self-sourcing? What are three disadvantages of self-sourcing?
A:
Self sourcing is when end users develop their own inf......
Q:
What are the disadvantages of using the payback period as a capital- budgeting technique? What are its advantages? Why is it so frequently used?
A:
The criticisms of using the payback period as a capital budgeti......
Q:
Solve each compound inequality. Graph the solution set, and write it using interval notation. -2x +1> -11 or x+1> 10
A:
To solve the compound inequality 2x 1 11 or x 1 10 let s solve each......
Q:
Describe the elements of the communication model in Exhibit 132. Give an example of each part of the model as it exists in the classroom during communication between teacher and students Exhibit 132...
A:
The elements of communication model are explained below Sender Sender is the person who formulates......
Q:
An office supply store open 5 days a week must determine the best inventory policy for boxes of copier paper. Weekly demand is nearly constant at 250 boxes and when orders are placed, then entire...
A:
Consider the following information Weekly demand 250 boxes Cost per b......
Q:
Identify the physical state (solid, liquid, gas) that corresponds to each of the following pictorial representations:
A:
a So......
Q:
The Murphy Company prepared a trial balance on the following partially completed worksheet for the year ended December 31, 2007: Additional information: (a) The equipment is being depreciated on a...
A:
MURPHY COMPANY Worksheet For Year Ended December 31 2007 Trial Balance Adjustments Income Statement Retained Earnings Statement Balance Sheet Account Titles Debit Credit Debit Credit Debit Credit Debi......
Q:
Simone and Kai are partners, but they are on opposite sides of the globe, so their communication is always asynchronous. There are many details to share several times a day, however. Which...
A:
The detailed answer for the above question is provided below The best communi......
Q:
Oak Grove Inc. has a petty cash fund of $1,500. (a) Since the petty cash fund is only $1,500, should Oak Grove Inc. implement controls over petty cash? (b) What controls, if any, could be used for...
A:
a Yes Oak should implement controls over the petty cash fund Even though i......
Q:
Describe the accounting procedures when using the direct write-off method to account for uncollectible accounts.
A:
Under the direct write off method the bad debt ex......
Q:
J. B. Bucks owns a department store that has a $45,000 balance in Accounts Receivable and a $3,000 credit balance in Allowance for Bad Debts. 1. Determine the net realizable value of the accounts...
A:
1 Net realizable value 42 000 Accounts receivab......
Q:
Rewrite the program of Programming Exercise 1 in C++, Java, and C#, run them, and compare the results. Data from Programming Exercise 1 Run the code given in Problem 13 (in the Problem Set) on some...
A:
C include int fun int k k 4 return 3 k 1 int main int i 10 j 10 sum1 s......
Q:
What is the price of the following stock today (Po) assuming the following? -Current Dividend = $3 -Dividend growth in one year = 10% -Dividend growth in two years = 9% -Constant dividend growth...
A:
Let s break down the information given for each stock 1 JKL s Stock Cu......
Q:
Suppose we wish to express 3 cos (wt) -4 sin(wt) as (a) A cos(wt +0) and (b) A cos(wt + 0). Determine A, 01, A2, 02
A:
To express 3 cos at 4 sin at in the form A cos ut and A2 cos at 2 we can follow these steps Convert......
Q:
Taninder was born and raised in a rural town in India and lived there until she was 18. Her parents arranged a marriage for her to a man already living in Australia. Taninder was not happy about the...
A:
Case Notes Taninder s Situation Type of Family Violence Physical Abuse Taninder experiences verbal and physical degradation when refusing sexual advances Sexual Abuse Taninder is coerced into unwanted......
Q:
Human Rights Committee Concluding observations on the sixth periodic report of Canada* The Committee considered the sixth periodic report submitted by Canada (CCPR/C/CAN/6) at its 3176th and 3177th...
A:
The concluding observations by the Human Rights Committee on Canada s sixth periodic report highlight various significant human rights issues While al......
Q:
Explain what a file-system journal file or transactional log file is. Explain why the existence of the log or journal file ensures recovery of a file system after a system crash.
A:
A file system journal file or transactional log file is a data structure......
Q:
How would you determine the discount or premium on a bond issue?
A:
The discount or premium on a bond is determined by the difference between the presen......
Q:
Calculate the electrical conductivity of a fiber-reinforced polyethylene part that is reinforced with 20 vol % of continuous, aligned nickel fibers.
A:
Since Silicon is an Indirect Band Gap semiconductor so electron cannot fall directly to......
Q:
Briefly describe what are expenses?
A:
Expenses Expenses means money spent for getting revenue to the entity It involves cost of mat......
Q:
Briefly describe what is revenue?
A:
Revenue The revenue means the total inward receipt received by the......
Q:
Just before Anderson Laboratories opened for business, Roy Anderson, the owner, had the following assets and liabilities. Determine the totals that would appear in the firm's fundamental accounting...
A:
In accounting terms the firm s assets must equal the t......
Real Time Rendering Computer Graphics With Control Engineering 1st Edition - ISBN: 1466583592 - Free Book