Star Corporation wrote off a $100 uncollectible account receivable against the $

Question

Star Corporation wrote off a $100 uncollectible account receivable against the $1,200 balance in its allowance account. Compare the current ratio before the write-off (X) with the current ratio after the write-off (y).

A.   X greater than Y.
B.   X equals Y.
C.   X less than Y.
D.   Cannot be determined.
E.   None of these.
Managerial decision making is supported by accounting information related to:

A.   planning.
B.   directing.
C.   controlling.
D.   All of these.
E.   None of these.
Which of these acronyms is generally not applicable to some form of inventory management?

A.   RFID.
B.   JIT.
C.   EOQ.
D.   POP.
E.   None of these. Star Corporation wrote off a $100 uncollectible account receivable against the $1,200 balance in its allowance account. Compare the current ratio before the write-off (X) with the current ratio after the write-off (y).

A.   X greater than Y.
B.   X equals Y.
C.   X less than Y.
D.   Cannot be determined.
E.   None of these.
Managerial decision making is supported by accounting information related to:

A.   planning.
B.   directing.
C.   controlling.
D.   All of these.
E.   None of these.
Which of these acronyms is generally not applicable to some form of inventory management?

A.   RFID.
B.   JIT.
C.   EOQ.
D.   POP.
E.   None of these.

Explanation / Answer

1. C.   X less than Y. as the write off would decrase the current asset thus it will further reduce the current ratio.

2) A.   planning.

Accounting helps in developing financial plans.

3) E None of these

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