Answer:
debit to Bad Debt Expense for $14590.
Explanation:
The computation is shown below:
= Uncollectible estimated balance - credit balance of the allowance for doubtful debts
= $15,800 - $1,210
= $14,590
The same should be debited to the bad debt expense
Hence, the last option is correct
For anything to be considered money it must be Group of answer choices either a commodity or a token, as long as it is generally accepted as a means of payment. a valuable commodity, such as gold. a token, such as a green piece of paper. used in barter transactions
Answer:
Either a commodity or a token, as long as it is generally accepted as a means of payment.
A government will likely ____________________________ to encourage investment in technology R&D by private firms? reduce R&D grants to nonprofit organizations reduce R&D grants to universities spend more on R&D in government laboratories implement fiscal policy establishing tax incentives NEXT
Answer:
implement fiscal policy establishing tax incentives
Explanation:
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Tax incentives are taxes designed to encourage certain economic activities
Tax incentives include :
1. tax holidays - the company is exempted from paying tax for a specified period
2. tax reduction - the amount of tax that would be paid is reduced for a specified period.
Tax incentives would reduce the cost of undertaking a particular activity and this can encourage private firms to become involved in that activity
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $100,000. b. Direct materials used in production, $42,000. Indirect materials used in production, $15,000. c. Paid cash for factory payroll, $50,000. Of this total, $36,000 is for direct labor and $14,000 is for indirect labor. d. Paid cash for other actual overhead costs, $8,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $68,175. g1. Jobs that had a cost of $68,175 were sold. g2. Sold jobs on account for $97,000.
Answer: See explanation
Explanation:
The journal entry will be analysed below:
a. Dr Raw materials inventory $100,000
Cr Accounts payable $100,000
b. Dr Work in process inventory $42000
Cr Raw materials inventory $42000
Dr Factory overhead $15000
Cr Raw materials inventory $15000.
c. Dr Work in process inventory $36000
Dr Factory overhead $14000
Cr Cash $50,000
d. Dr Factory overhead $8250
Cr Cash $8250
e. Dr Work in process inventory = $36000 × 120% = $43200
Cr Factory overhead $43200
f. Dr Finished goods inventory $68175
Cr Work in process inventory $68175
g. Dr Cost of goods sold $68175
Cr Finished goods inventory $68175
Dr Accounts receivable $97000
Cr Sales $97000
The clerical and editorial employees in a publishing house need to be at their desks by 8:00 AM and follow a set of precise procedures dictated by management. The jobs of these clerical and editorial employees ________.
Answer: Formalization
Explanation:
Formalization could be defined as the length of an organization's policies, description and rules all spelt out for everyone to see. What makes up formalized structures or what we can know them for are their rules and regulations.
The jobs of these clerical and editorial employees are related to Formalization, they either form this rules out with the management or play the role of spelling it out(written) for all to see.
what are the main roles of the management department in an organization. give 5
Answer:
At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.
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The optimal portfolio for an individual investor is represented by the point that lies on the Question 7 options: lowest possible utility curve and connects to the efficient frontier. utility curve which is just tangent to the right side of the feasible set of risk-return options. utility curve which is just tangent to the efficient frontier. utility curve which represents the highest possible rate of return within the feasible set of risk-return options.
Answer:
Utility curve which is just tangent to the efficient frontier.
Explanation:
The optimal portfolio of the investor is the maximum gain for the maximum risk. If risk factor is increased beyond optimal level it does not necessarily means that returns will also increase. Efficient frontier is curved because there is diminishing marginal utility to risk. For every additional unit of risk added into the portfolio gains a smaller amount of return.
Michael Bilkman has an opportunity to buy a perpetuity that pays $12,450 annually. His required rate of return on this investment is 13.25%. At what price would Michael be indifferent to buying or not buying the investment? Round off to the nearest $1.
Select one:
a.
$170,877
b.
$93,962
c.
$83,470
d.
$121,709
Answer:
$266,667.
Explanation:
P / (r-g) = Periodic payment / Interest rate - Growth rate
= 24,000 / (0.12 - 0.03)
= 24,000 / 0.09
= $266,667on:
i think thats it if i am wrong i am very sorry tellme if i am right or wrong.
Lets say you were a teacher. If parent approaches you to encourage you to give information about another child, what should you do.
first of all I will ask the parents what's the matter, if they explain me then also I will not going to give the child's information, I will contact to the principal about this matter and school management will look out at this matter.
Beyond just money, the economy is about Question 10 options: the people who are most important to an individual's sense of self. the production, distribution, and consumption of goods and services. encouraging cooperation over competition. rituals and beliefs that divide the world into the sacred and the profane.
The economy is about "the production, distribution, and consumption of goods and services" also along with money.
The key components of the economy are:
Production.DistributionConsumption.These three elements drive the flow of money within an economy. Let's see:
The goods are produced as per the needs and demands of the people where people work to earn wages, salaries, profit, etc.This stage is followed by the distribution of these goods across different regions and areas. Lastly, these goods are purchased by their final users for consumption and their income earned from firms return to them again(circular flow of income).Therefore, option B states a true claim about the elements of an economy.
Learn more about 'Economy' here: brainly.com/question/2421251
Use the following list of factors that are related to the aggregate demand curve to answer the next question. 1) Real-Balances Effect 2) Household Expectations 3) Interest-Rate Effect 4) Personal Income Tax Rates 5) Profit Expectations 6) National Income Abroad 7) Government Spending 8) Foreign Purchases Effect 9) Exchange Rates 10) Degree of Excess Capacity Which of the above factors best explain the downward slope of aggregate demand curve?
Answer:
The answer is "1,3 and 8".
Explanation:
The effect of changes in the real value of financial assets on aggregate demand; So, as the cost of goods and services goes up, so too does the real purchasing power of money people have on hand. Such improvements should encourage people to save even more and spend less. Whenever a shift in the price level in one country leads to many other countries buying more of the country's goods, the foreign purchasing effect is in play. Dies lead to an increase in the net exports (and hence the actual GDP), therefore the effects of true and foreign purchases upon economic growth are depicted as a declining curve.
what is an important function of the federal trade commission?
a. inspecting workplaces for safety violations
b. identifying unfair pricing strategies
c. negotiating trade agreements
d. deciding if discrimination complaints are valid
Answer:
The FTC protects consumers by stopping unfair, deceptive or fraudulent practices in the marketplace. We conduct investigations, sue companies and people that violate the law, develop rules to ensure a vibrant marketplace, and educate consumers and businesses about their rights and responsibilities.
Answer:Identifying unfair pricing strategies (B)
Explanation:
Suzanne has purchased a car with a list price of $23,860. She traded in her previous car, which was a Dodge in good condition, and financed the rest of the cost for five years at a rate of 11.62%, compounded monthly. The dealer gave her 85% of the listed trade-in price for her car. She was also responsible for 8.11% sales tax, a $1,695 vehicle registration fee, and a $228 documentation fee. If Suzanne makes a monthly payment of $455.96, which of the following was her original car?
a. 2004 Intrepid
b. 2008 Neon
c. 2005 Viper
d. 2007 Dakota
Answer:
its a
Explanation:
At the end of the current year, using the aging of receivable method, management estimated that $31,500 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $900. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
Answer:
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
Explanation:
Preparation of the adjusting entry that the company should make at the end of the current year to record its estimated bad debts expense
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
($31,500+$900)
( To record its estimated bad debts expense)
Estimated Bad debts expense =Account receivables + Debit balance
Estimated Bad debts expense= $31,500 + 900
Estimated Bad debts expense=$32,400
What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order
Answer:
B. requisition
Explanation:
i have done this before, hope i helped
Providing incentives for customers to learn more about your service is known as
A. branding
(B. advertising Not the answer)
C. permission marketing.
D. search engine optimization.
amount of tax, TTT, in dollars to be paid by an individual with an income of III between 8{,}2258,2258, comma, 225 and 34{,}50034,50034, comma, 500 dollars is given by the equation above. Tax is paid from the portion of income above 8{,}2258,2258, comma, 225 dollars and the remaining amount becomes a part of disposable income. What percentage of income above 8{,}2258,2258, comma, 225 dollars remains after paying tax for an individual whose income falls within the specified range
Answer:
[tex]Amount = 87.5\%[/tex]
Explanation:
Given
[tex]T =0.125(I - 8225)[/tex]
Range = 8225 to 34500
See comment for proper format
Required
The percentage left after tax paid for individual in the above range
[tex]T =0.125(I - 8225)[/tex]
Rewrite as:
[tex]T = 12.5\% (I - 8225)[/tex]
The 12.5% implies that individuals in that income range pay 12.5% of the income.
So, the amount left is:
[tex]Amount = 100\% - 12.5\%[/tex]
[tex]Amount = 87.5\%[/tex]
Purge Purifying Systems, which manufactures filtration systems for industries, has entered into a U. S. $50 million deal with Fabon Fabrics Incorporated During a negotiating session, Alex, a member of the sales team reacted, "Who are you trying to kid? You need our company's filtration systems to maintain your product quality. You have to pay an extra $20 per system and just cut costs somewhere else." Monroe, the team leader of the sales team interrupted him and said, "Now wait a minute. These are our friends you are talking to. How about we only charge $10 extra per system and split the shipping charges equally? Does that not sound fair?" Identify the win-lose strategy adopted by the sales team of Purge Purifying Systems.
Answer: good guy-bad guy routine
Explanation:
The win-lose strategy that is adopted by the sales team of Purge Purifying Systems is the Good Guy/Bad Guy technique.
The Good Guy-Bad Guy routine refers to a strategy whereby while one person pretends to be on the side of the customer and helps make a deal, the other one doesn't and makes negotiation difficult. The idea behind this is for the prospect or the customer to accept the deal of the good guy. This is the strategy used by Alex and Monroe.
Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit
Answer:
The source of consumer credit is credit obtained on services like banking, insurance and travel.
Explanation:
Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.The objectives of the internal control structure for a production cycle are to provide assurance that transactions are properly executed and recorded, and that:
a. independent internal verification of activity reports is established.
b. transfers to finished goods are documented by a completed production report and a quality control report.
c. production orders are pre-numbered and signed by a supervisor.
d. custody of work in process and of finished goods is properly maintained.
Answer:
d. custody of work in process and of finished goods is properly maintained.
. You have determined that Company A's shares have an intrinsic value of $20 per share but are trading at $22 per share, while Company B's shares are worth $25 per share but are trading at $22 per share. What would a rational investor (or an arbitrageur) do to take advantage of this price difference (no short-selling constraint and transaction fee)
Answer:
a rational investor would short company A's shares and long company B's shares.
Explanation:
Company A's shares are overvalued.
A share is overvalued when its intrinsic value is less than its price
Company B's shares are undervalued.
A share is undervalued when its intrinsic value is greater than its price
It is expected that the price of company's A's share would fall. Investors that are holding this company's share would lose.
On the other hand, it is expected the the price of company B's shares would rise. Investors holding this company's share would gain from the increase in price.
Thus, a rational investor would short short company A's shares and long company B's shares.
The practitioner completes an incision and drainage of a patient's infected right heel, which tested positive for MRSA. What statement is true regarding how the perioperative team should perform postoperative cleaning after this patient leaves the OR?
Answer:
after the patient leave
Which school faculty member should you talk to about enrolling in an AP
course?
Answer: The guidance counselor
Explanation:
Social worker is someone who helps people cope with the challenges tahtnthwy face in their lives. Social workers work with people who have addiction issues, people with disabilities, children etc.
A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.
A registrar is the keeper of records in an educational institution whinis charged with the responsibility of registering students, and keeping their academic records.
The guidance counselor is a professional who provides career, academic, and social-emotional competencies to the students in a schoool through counseling. Such person is the faculty member smtaht you should talk to about enrolling in an AP.
course?
Toby has been working on collecting tidbits over the past year from a financial firm's trash in an effort to eventually break into their system. Even though the financial firm has strict restrictions on access to their trash, Toby has been able to bypass these restrictions. How has Toby most likely done this
Answer:
By acting or posing as a waste management collector looking to fix the dumpster or collect the debris
Explanation:
The computer as an electronic machine has served as a tool or an object of the crime, subject of the crime and an instrument of the crime
Cyber crime
This is simply known as a criminal act. It is the process by which there is the stealing or destruction of information, resources, or funds utilizing computers, computer networks and the Internet.
Computer fraud
This is simply a type of fraud committed with the use of contemporary technology and it is regarded as a law crime. It includes theft of information and corporate espionage etc.
Most cyber crimes are usually well organized. The individual committing the crime usually puts a lot of efforts in achieving their goal. Toby could only have gained access to the company dumpster if he poses as the one or company sent to collect the trash.
If the book value per share is $40 and the market price is 52.50 per share calculate the required rate of return on the stock.
Answer:
0.11 or 11%
Explanation:
The computation of the required rate of return is given below:
Required Rate of Return is
= Next Year Dividend ÷ Current Market Price + Growth Rate
= $3.15 ÷ $52.50 + 0.05
= 0.06 + 0.05
= 0.11 or 11%
working note
Given that
Current Market Price = $52.50
As we know that
Growth Rate = Return on Equity × Retained Earning Ratio
Now
Return on Equity = EPS ÷ Book Value of Share
= $5 ÷ 40
= 12.50%
So,
Retained Earning Ratio is
= 1 - Dividend Payout Ratio
= 1 - 0.60
= 0.40
And,
Dividend Payout Ratio = DPS ÷ EPS
= $3 ÷ $5
= 0.60
Now
Growth Rate = 12.50% × 0.40
= 5%
So,
Next Year Dividend = Dividend Recently paid × (1 + growth rate )
= $3 × 1.05
= $3.15
Concord Company sells merchandise on account for $3300 to Pharoah Company with credit terms of 1/10, n/30. Pharoah Company returns $800 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Concord Company make upon receipt of the check
Answer:
Dr Cash $825
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
Explanation:
Preparation of the journal entry that Concord Company make upon receipt of the check
Dr Cash $825
($800+$25)
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
(To record receipt of the check)
Sales discount=(Sales Price -Sales return) × 1%
Sales discount=($3300 - $800) × 1% = $25
Suppose the marginal cost curve in the short run first decreases, then reaches a minimum, and then increases. If we are at an output where marginal cost is increasing, then: Question 5 options: a) marginal product must be increasing. b) marginal product must be decreasing. c) average total cost must be increasing. d) average variable cost must be increasing.
Answer:
b) Marginal product must be decreasing.
Explanation:
b) Marginal product must be decreasing.
The relationship between the marginal product and the marginal cost is negative which means if the marginal cost increases then the marginal product must fall. If the marginal cost decreases then the marginal product must increase. Therefore, option "b" that states marginal product decreases is the correct answer.
West Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on West Company's current ratio? Select one: a. The change in the current ratio cannot be determined. b. The ratio decreased. c. The ratio increased. d. The ratio remained unchanged.
Answer:
b. The ratio decreased
Explanation:
The current ratio is a financial performance measure that compares current assets to current liabilities, hence, in ascertaining the impact of the short-term borrowing on the current ratio, we would compute the current ratio before and after having taken the short term loan as shown thus"
current ratio=current assets/current liabilities
Before borrowing:
current ratio=$375,000/$150,000
current ratio=2.50
After borrowing:
current ratio=$375,000/($150,000+$75000)
current ratio=1.67(it has declined from earlier 2.50 to 1.67)
what is business ? please tell us
Answer:
Noun, a person's regular occupation, profession, or trade.
Explanation:
Suppose the demand for cherries sold from roadside stands in Michigan is perfectly elastic. The owner of one roadside stand raises the price of cherries by 10%, as a result 1 point A. Zero cherries are sold at this stand. B. No change in the quantity demanded at this stand. C. A 10% decrease in the quantity demanded at this stand. D. A 10% increase in the quantity demanded at this stand. E. All available cherries will be sold.
Answer:
A
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
it is in perfectly competitive markets that demand is perfectly elastic
The owner of a small fleet of taxicabs had his cabs serviced by a national chain of auto service centers. One of his cabs went through a stop sign when its brakes failed without warning. The ensuing collision seriously injured the passenger. An investigation revealed that brake repairs had been made on the cab a week before, but the service center's mechanic had used the wrong parts and had made numerous errors in reassembling the brakes. If the passenger sues the cab company owner for her injuries, who should prevail
Answer:
if you are asking who should prevail in this scenario, its most likely the mechanics.
Explanation:
first off, its the fleet owner who has taken the cabs to that certain mechanic,
therefore he is responsible for the first move, but on the other hand, the mechanics shouldnt be working on cars like taxicabs in the first place with out a license if they DIDNT have one in this case. if they didnt then they would be the ones most likely to lose the case. and another reason, the mechanics knew what theyre doing but never hesitated on switching plans for other brake parts. so in this case, its the mechanics who should prevail.
