Percentage of receivables method

Assignment Help Accounting Basics

Reference no: EM13131850

Why would you use the percentage of sales method for calculating doubtful accounts as opposed to the percentage of receivables method? Is it appropriate to use a hybrid of the percentage of sales and the percentage of receivables methods of calculating the allowance for doubtful accounts? Explain why or why not. Does GAAP allow for the use of both methods at the same time? Explain why or why not.

Reference no: EM13131850

Questions Cloud

What is the ph of this solution : One liter of a buffer solution is prepared by dissolving 0.115 mol of NaNO2 and 0.070 mol of HCl in water. What is the pH of this solution? If the solution is diluted two fold with water, what is the pH?

Relationship drugs-reoffending-non directional hypothesis : Non directional/ Are reoffending and drugs related? Directional/ Are reoffending and drugs inversely related, such that drugs decrease as reoffending increases?

Determine inventory direct labor costs : Assuming that the company’s $337,485 ending Finished Goods Inventory account for year 2011 had $137,485 of direct materials costs, determine inventory’s direct labor costs and its overhead costs.

Why are acid chlorides more reactive towards nucleophilic : Why are acid chlorides more reactive towards nucleophilic substitution than ethyl esters? Give an explanation of why acid chlorides are more reactive toward nucleophilic substition than are the corresponding ethyl esters.

Percentage of receivables method : Why would you use the percentage of sales method for calculating doubtful accounts as opposed to the percentage of receivables method?

What is the new volume : A sample containing 4.80 g of O2 gas has a volume of 15.0 L. Pressure and temperature remain constant. What is the new volume if 0.500 moles of O2 gas is added?

Identify the unknown and previously unidentified shrinkage : The other sheet shows known shrinkages identified during the period. This sheet shows $3,250.00. Neither of these sheets has been journalized. Identify the unknown, and previously unidentified shrinkage value.

Using acid chlorides to prepare aromatic ketones : Using Acid Chlorides to Prepare Aromatic Ketones, Acid chlorides are used as electrophiles in the Friedel-Crafts reaction to prepare aromatic ketones. The reaction involves the transfer of an aromatic hydrocarbon with an acyl chloride in the prese..

Find mean and standard deviation for the distribution : Suppose x has a uniform probability distribution. Is the amount dispensed by the machine a discrete or a continuous random variable? Find the mean and standard deviation for the distribution.

User Account

All Pages