ACCT 2301 Week 8 Discussion 1 | Assignment Help | Central Texas College

ACCT 2301 Week 8 Discussion 1 | Assignment Help | Central Texas College

Lesson 8 Discussion

 

Discuss the two bases that may be used to estimate bad debts under the allowance method.

The first method, percentage of sales, assumes there is a direct relationship between the amount of sales and the amount of bad debt expense shown on the income statement. The second method, percentage of receivables, assumes there is a direct relationship between the outstanding (uncollected) receivables and the balance in the allowance for doubtful accounts shown on the balance sheet.

Explain how to calculate simple interest on a note receivable (P x R x T = I). You should also be able to determine maturity date and maturity value (principal + interest).

Answer Detail

Get This Answer

Save Time & improve Grades

  • Questions Asked 685038
  • Experts 5361
  • Total Answered 659177

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Our Amazing Features

  • Plagiarism Free Work

    Our experts provide 100 % original and customized work On time Delivery

  • 24*7 Customer Support

    We provide 24*7 online customer supports via online chat or email

  • Cover All Subject

    JQA is one stop solution for all subject’s Assignment. We can provide assignment help for almost all subjects.

  • Best Industry experts

    We have 1000+ PHD and Post Graduate experts.

Refer Just 5 Friends to Earn More than $1000

  • Your Approx Earning

    USD 2350/year

Your Custom Referral Link:

Hire a tutor

Assignment hero

USA

I am an experienced tutor of 7+ years in all math, physics, and Spanish, SAT, and ACT tutoring. I love working with students and seeing them improve on and grasp concepts!

Guru

USA

Need help in Maths and science ? Look no further . contact me so i can help you . i have been a academic tutor for 10 years . Hire me for help in assignments.

Vikas

USA

After 13 years of working with students across the country, we have the experience and knowledge to provide the best possible academic support for your academics.

Rgaurav

India

I have experience teaching AP Calculus AB and BC, Algebra I, Algebra II, Trigonometry, SAT Math Preparation, and Geometry. I have tutored students ranging from 8th grade to college students.

Invite Tutor