The aging of accounts receivable recognizes that an account is more likely to become uncollectable as it gets older. Check all that apply.Provide evidence.Present a two-sided argument.Be pushy.Be sensitive to tone.Ignore risks. In order to determine the total quantity demanded when price is $6, add the quantity demanded by buyer 1, 2 and 3 together. The goal of customer service is to ensure customer care representatives find out what is wrong with a particular customer and what action is needed to restore positive relations with the customer. A good customer service must emphasize the importance of a customer complaint. It not only involves reducing waste or increasing productivity, but it also helps improve quality to achieve a competitive advantage.

Related Questions

• Some credit unions counteract this benefit with a network of 5,600 CO-OP Shared Branch locations and more than 54,000 surcharge-free ATMs.
• Depreciation is the process by which a plant asset experiences wear and tear over a particular period of time.
• They are usually land and building, plant and machinery that may be fixed or movable, or any other equipment that can be categorized as the same.
• A company could issue a debit memo in any of the scenarios mentioned – if the quantity received is different from what was ordered, if the goods received are damaged, or if they fail inspection for quality.
• Improvements are depreciated over their own useful life, and, like buildings or equipment, they add substantial value by allowing a business to adapt its resources to changing operational needs.

They are used for manufacturing and selling the goods and services of the company. When an asset is no longer useful, due to obsolescence or damage, it must be retired from the company’s books. The disposal process requires the removal of both the original cost of one characteristic of plant assets is that they are the asset and its corresponding accumulated depreciation.

Answers

When acquiring land, the historical cost includes the purchase price, closing costs, and accrued property taxes. Costs necessary to prepare the land for its intended use are also capitalized, such as the cost of demolishing an old building. Any proceeds from selling salvaged materials must be subtracted from the demolition cost. Second, plant assets are actively used in the normal operation of the business, rather than being held for sale.

More Questions In Business

It is used to calculate taxes, and can normal balance be used to help make decisions on how to allocate resources and where to invest capital. It is a key indicator of a company’s profitability and can be used to compare the performance of one company to another. Here, the units of production method subtracted the salvage value from the initial cost of the asset, divided it by the total units to get the depreciation per unit, and then multiplied it by the units produced in each year. The process continued until the asset’s value reached the salvage value of $50,000.

What is 180 times 4?

This ensures the balance sheet presents a realistic view of the asset’s current value and prevents overstating assets. Plant assets are essential for a business as they play a crucial role in its daily operations. These assets are not meant for sale in the ordinary course of business, https://velascheirodearte.com.br/what-is-an-audit-trail-definition-components-and/ unlike inventory. Instead, they are a long-term investment that helps generate income over time.

Used in operations.

A drilling rig is a plant asset for an oil company, but it is inventory for the manufacturer that built it. The intended use by the acquiring entity is the defining factor for classification. Plant assets are usually expensive, long-term investments made to underpin a company’s production process. Needless to say, they’re an enormously important part of producing goods and/or services in an economically efficient manner.

Current assets

While banks typically have more modern mobile apps and online technology, credit unions typically charge lesser fees and offer greater interest rates on savings accounts and loans. Some credit unions counteract this benefit with a network of 5,600 CO-OP Shared Branch locations and more than 54,000 surcharge-free ATMs. Credit unions are renowned for offering superior client service, in contrast to huge national banks who frequently have more rigid policies and less discretion in their decision-making. Banks are required to turn a profit for their shareholders, while credit unions are not required to do the same for their members. What is the impact of minimum wage on small/large businesses andtheir ability to stay competitive?