The board of governors is the policy-making body at the fed and is responsible for setting the discount rate (rate of interest charged to commercial banks) and the reserve requirements (the amount of customer deposits which commercial banks must hold back and not loan out).
in the united states of america, business radio stations make most of their sales by means of selling airtime for use for running radio advertisements. these classified ads are the result of a business or a carrier presenting a valuable attention, usually money, in alternate for the station airing their commercial or bringing up them on air. The maximum common classified ads are "spot advertisements", which generally final for no multiple minute, and longer packages, commonly running up to at least one hour, known as "informercials".
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Anita is a wonderful baker and can bake 10 cakes in a day, but then has no time left to make cookies. If she bakes only cookies, she can make 200 cookies in a day. John can make equally delicious cakes and cookies but can only make seven cakes or 100 cookies in a day. Based on this information, which of the following statements is true?
A) Anita has the comparative advantage in the production of cakes.
B) John has the comparative advantage in the production of cakes.
C) John has the absolute advantage in the production of cookies.
D) Anita has the comparative advantage in the production of both cakes and cookies.
Based in this information, the subsequent statements is true: B.) John has the comparative gain within side the manufacturing of cakes.
Production is the manner of mixing numerous inputs, both material and immaterial so as to create output. Ideally this output can be a proper or service which has value and contributes to the utility of individuals. The vicinity of economics that specializes in manufacturing is referred to as manufacturing principle, and it's far intently associated with the consumption principle of economics. The manufacturing manner and output at once end result from productively making use of the unique inputs. Known as number one manufacturer items or services, land, labor, and capital are deemed the 3 essential manufacturing elements. These number one inputs aren't notably altered within side the output manner, nor do they come to be an entire factor within side the product. Under classical economics, substances and strength are categorized as secondary elements as they may be byproducts of land, labor and capital.
Delving further, number one elements embody all the resourcing involved, which include land, which incorporates the herbal assets above and beneath the soil. However, there's a distinction in human capital and labor.
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True or False: To enhance integration and control of related product market activities, the functional structure increases centralization compared to a divisional structure
The answer is true. Expertise centred on certain clients, goods, and areas. In contrast to job obligations, the divisional structure makes it simpler to detect consumer demands.
Function, product, region, and customer divisional structures are the four basic categories. It may lead to variations in quality of picture between divisions. Due to the duplication of staff, operations, and investment, it may be quite expensive. It might result in unhealthy divisional competition. The market-based structure is great for a company that offers consumer or services that are exclusive to certain market niches, and it works especially well if the company has in-depth understanding of such niches.
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What are Subsequent Events?
An event that occurs after a reporting period but before the financial statements for that period have been released or are available for release is referred to as a subsequent event.
What is subsequent event?According to generally accepted accounting rules, financial statements should reflect the consequences of all subsequent occurrences that contribute new knowledge about the state of affairs at the balance sheet date. According to this rule, all businesses must assess following events up to the time the financial statements are ready to be released. For a public company, this obligation extends until the time the financial statements are actually filed with the Securities and Exchange Commission. An event is considered a subsequent event if it happens after the deadline for a company's year end but before the financial statements are released. A corporation might need to declare the subsequent occurrence and its effects on their financial statements depending on the nature of the event.
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Here are the recent financial statements for Collingdale Industries:
2022 Income Statement
Sales 2,000
COGS 1,500
EBIT 500
Interest expense 20
Taxable income 480
Taxes 192
Net Income 2882017 Balance Sheet
Cash 100
Accounts payable 150
Accounts receivable 70
Total current liabilities 150
Inventory 130
Total current assets 300
Long-term debt 250
Common stock 100
Fixed assets 700
Retained earnings 500
Total stockholders equity 600
Total 1000
Total 10002017 Statement of Cash Flows
Operating activities:
Net Income 288
Depreciation 70
Change in accounts receivable 30
Change in inventory (60)
Change in accounts payable 20
Cash flow from operating activities 348
Investing activities:Capital expenditures (250)
Cash flow from investing activities (250)
Financing activities
Repayment of borrowing (18)
Cash flow from financing activities (18)
A) Assume that future free cash flow will grow at 4% per year and their cost of capital is 14%, and estimate the fair market value (i.e., the enterprise value) as of year-end 2022. Enterprise value =
B) Estimate the firm’s stock price, if there are 100 shares outstanding. Stock Price=
As per the given transaction details,
a) Estimated fair market value is $1,210
b) The firm’s stock price, if there are 100 shares outstanding is $6.
The term transaction in accounting refers a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money.
Here we have given the recent financial statements for Collingdale Industries 2022 Income Statement.
And we need to find the following.
While we looking into the given question, here we need to find the estimated fair market value,
For that we have to use the following formula,
=> Free cash flow = sales revenue - (operating costs + taxes) - required investments in operating capital
While through the given question, we have identified the value of the following from the given question,
Sales revenue = 2,000
Operating cost = 348
taxes = 192
Investment = 250
Then the estimated fair price is calculated as,
=> 2000 - (348 + 192) - 250
=> 1210
Similarly, the stock price is calculated as,
Number of stocks = 100
Stock value = 600
Then the s be the stock price,
=> 600 = s x 100
=> s = 6
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A. Windsor, Inc. reports the following liabilities (in thousands) on its December 31, 2022, balance sheet and notes to the financial statements.Accounts payable $4,260.0Mortgage payable $6,743.0Unearned rent revenue 1,055.0Notes payable (due in 2025) 332.0Bonds payable 1,950.0Salaries and wages payable 855.0Current portion of mortgage payable 1,989.0Notes payable (due in 2023) 2,560.0Income taxes payable 262.0Warranty liability—current 1,414.0Accounts Payable: Current LiabilityUnearned rent revenue: Current LiabilityBonds Payable: Long-term LiabilityCurrent portion of mortgage payable: Current LiabilityIncome Taxes Payable: Current LiabilityMortgage Payable: Long-term LiabilityNotes Payable (due in 2025):Long-term LiabilitySalaries and wages payable: current liabilityNotes payable (due in 2023): Current LiabilityWarrant liability-current: Current Liability
Accounts Payable will be termed as Current Liability.
What is liability?Liability typically denotes being accountable for something, but it can also imply owing someone funds or things.
Accounts Payable will be termed as Current LiabilityUnearned rent revenue will be termed as Current LiabilityBonds Payable will be termed as Long-term LiabilityThe current portion of mortgage payments will be termed as Current LiabilityIncome Taxes Payable will be termed as Current LiabilityMortgage Payable will be termed as Long-term LiabilityNotes Payable (due in 2025) will be termed as Long-term LiabilitySalaries and wages payable will be termed as a current liabilityNotes payable (due in 2023) will be termed as Current LiabilityWarrant liability will be termed as Current LiabilityLearn more about liability, Here:
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The question is incomplete, the complete question will be :
A. Windsor, Inc. reports the following liabilities (in thousands) on its December 31, 2022, balance sheet and notes to the financial statements. term them in various liableties form:
Accounts payable $4,260.0
Mortgage payable $6,743.0
Unearned rent revenue 1,055.0
Notes payable (due in 2025) 332.0
Bonds payable 1,950.0
Salaries and wages payable 855.0
Current portion of mortgage payable 1,989.0
Notes payable (due in 2023) 2,560.0
Income taxes payable 262.0
Warranty liability—current 1,414.0
In its macroeconomic equilibrium, the economy can be producing at i. below full employment. ii. full employment. iii. above full employment.
In its macroeconomic equilibrium, the economy can be produced at below full employment and above full employment.
When the amount of real GDP required and supplied are equal at the intersection of the AD and AS curves, macroeconomic equilibrium has occurred. Inventory builds up as a result of enterprises cutting production and prices when the amount of real GDP supplied exceeds the amount required.
When aggregate demand and short run aggregate supply (SRAS) are equal, there is a short-run macroeconomic equilibrium. Real GDP and the overall price level are determined by this equilibrium. An alteration in the equilibrium will result from changes (shifts) in the SRAS and/or AD.
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t/f: an organization should keep information, such as changes made to its incentive plan, confidential from its employees.
It is false that an organization should keep information, such as changes made to its incentive plan, confidential from its employees.
An employee remuneration system known as an incentive plan offers particular rewards to encourage team members to put in more effort and meet predetermined objectives.
This type of compensation goes beyond the pay check and benefits that all employees should receive for the hours they work. Incentive programmes frequently employ non-cash incentives like sports tickets, gift cards, or vacation days.
Incentives programmes are frequently used by business and organisational leaders to boost sales and maintain staff motivation. The idea is to strategically use incentives to encourage certain activities and match employee behaviour with organisational objectives.
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Dozens of clothing manufacturers produce plain black undershirts. Consumers view plain black undershirts as identical and have no preference which company makes their undershirts. In a large city, one chain of coffee shops controls a large market share because locals believe its coffee tastes better than that of its competitors.
Yes, Dozens of companies produce plain white socks. Consumers regard plain white socks as identical and don't care who manufactures their socks is markets competitive.
No, In a large city, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors. It is one that is not identical product, buyers sees the sellers' products as one that is not identical.
What is markets competitive?In a competitive market, firms compete with one another for customers by offering goods and services at competitive prices. In order to be competitive, firms must offer products or services that are of good quality and at a price that is attractive to consumers.
In a competitive market, firms have limited control over the prices they can charge for their products or services. This is because if a firm raises its prices too high, consumers may choose to purchase from a competitor instead. Similarly, if a firm lowers its prices too much, it may not be able to cover its costs and may go out of business.
Therefore, Competitive markets can lead to lower prices and higher efficiency, as firms must continuously strive to improve their products and services in order to stay competitive. However, they can also be challenging for firms, as they must constantly adapt to changing market conditions and consumer preferences in order to remain competitive.
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See full question below
Is these markets competitive?
2. Dozens of companies produce plain white socks. Consumers regard plain white socks as identical and don't care who manufactures their socks
a patent is the legal right granted to a firm that allows it to: group of answer choices sell its new product exclusively for a set number of years make copies of other firm's products be the sole buyer of a particular product or resource be the exclusive distributor of a particular imported product
C is the best choice. Sell its new product exclusively for a predetermined period of time.
Intellectual property rights are the privileges accorded to the original thinkers of novel concepts. These legal protections can shield the developers from accusations of copying. Copyright, trademarks, geographical markers, and patents are a few examples of these rights.
An inventor of a fresh concept or invention is given a patent. An innovation is granted an exclusive privilege known as a patent. In other terms, a patent is an exclusive right to a product or a method that typically gives a fresh approach to a task or a novel technical solution to a challenge.
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TRUE/FALSE. when children were randomly assigned to watch either a violent film or an exciting film about bicycle racing, and then played floor hockey, children who . group of answer choices
Even if hostility may be present in a violent act, this does not mean that an aggressive person would always act violently.
Can you be aggressive without being violent?Violence is different from aggression. Even if hostility may be present in a violent act, this does not mean that an aggressive person would always act violently. Although hostility can lead to a physical or verbal attack, these attacks can also be protective or impulsive and have no malicious purpose. Violence, which is frequently regarded as a physical manifestation of hostility, can be predatory, impulsive, defensive, or reactionary. In addition to mental illness, personal or cultural beliefs, situations or the environment can also play a role in the development of violence.On a societal as well as an individual level, both violence and aggression can have harmful impacts. A specific person or group of people may be the target of violent acts, which can also be of a sexual nature or happen after using alcohol or other drugs. According to the Centers for Disease Control (CDC), there will be around 16,000 homicides per year and 2 million trips to the emergency room in the US as a result of violent attacks. The likelihood that a young man would experience or inflict violence increases between the ages of 18 and 24.Nearly half of all American women have experienced psychological abuse from an intimate partner, while over a third of American women and over a quarter of American males have experienced stalking or physical or sexual abuse by an intimate partner.To Learn more About violent act refer to:
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T/F according to psychologist lawrence kohlberg, people at the preconventional level of moral development use internalized ethical principles to solve ethical dilemmas
According to psychologist Lawrence Kohlberg, people at the pre-conventional level of moral development use internalized ethical principles to solve ethical dilemmas: false
The essential concepts of Ethics principles. Beneficence, nonmaleficence, autonomy, and justice represent the four principles of ethics. the primary 2 can be traced back to the time of Hippocrates “to help and do no damage,” whilst the latter 2 developed later.
The 5 standards, autonomy, justice, beneficence, nonmaleficence, and constancy are absolute truths in and of themselves. through exploring the dilemma with regard to these ideas one may additionally come to a better understanding of the conflicting problems.
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If you bought a 20-year bond issued by the government, with a par value of $1,000 and an interest rate of 8%. At maturity you will be returned the principal of ________
1,000
If you bought a 20-year bond issued by the government, with a par value of $1,000 and an interest rate of 8%. At maturity you will be returned the principal of 1000.
A government bond is a debt security issued by a government to support government outlay and obligations. Government bonds pays periodic interest payments known as coupon payments. Government bonds issued by national governments ar usually thought of low-risk investments since the issue government backs them.
The par value is that the quantity of cash that bond issuers promise to repay bondholders at the due date of the bond. A bond is actually a written promise that the quantity loaned to the institution are repaid.
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The balance of payments on the financial account are transactions that comprise the buying or selling of "LOAN ABLE FUNDS", that create "NATIONAL DEBT".
The balance of payments summarizes an economy's economic transactions with the rest of the world, So the given statement is true.
What is balance of payments?The Balance of Payments (BOP) is an accounting statement that summarizes (measures) all economic transactions between residents of one's home country and the rest of the world over a given time period.The balance of payments summarizes an economy's economic transactions with the rest of the world. Exports and imports of goods, services, and financial assets, as well as transfer payments, are examples of these transactions (like foreign aid).The balance of payments accounts can be shown in two columns in a ledger. Credit entries are recorded in one column. The second column is where debit entries are recorded.The BOP is divided into three accounts: the current account, the capital account, and the financial account.The complete question :
" The balance of payments on the financial account are transactions that comprise the buying or selling of "LOAN ABLE FUNDS", that create "NATIONAL DEBT". State true or false."
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AZTEC Industries produces bread which goes through two operation, mixing and baking, before it is packaged.
Mixing: 400,000 Direct Labor Hours, 800,000 Machine Hours, $600,000 Overhead Costs.
Baking: 80,000 Direct Labor Hours, 800,000 Machine Hours, $400,000 Overhead Costs.
Compute the departmental overhead rate for the mixing department based on Machine Hours (MH)
Choose matching definition
a. $600,000/800,000 MH = $0.75
b. $600,000/400,000 DLH = $1.50
c. $400,000/80,000 DLH = $5.00 per DLH
d. $93,000/7,750 units = $12 per
AZTEC Industries produces bread which goes through two operations, mixing and baking, before it is packaged. the departmental overhead rate for the mixing department based on Machine Hours (MH) is $0.75.Option A
What is the departmental overhead rate?Generally, A departmental overhead rate is a measure of the indirect costs associated with a particular department or business unit within an organization.
To compute the departmental overhead rate for the mixing department based on machine-hours, we need to divide the total overhead costs for the mixing department by the total number of machine hours used in the mixing department.
The total overhead costs for the mixing department are $600,000 and the total number of machine hours used in the mixing department are 800,000. Therefore, the departmental overhead rate for the mixing department based on machine hours is:
$600,000/800,000 MH = $0.75
So the correct answer is (a) $0.75.
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Peter and Joan are married and Joan has self-employment income of $240,000. Peter is retired. How much additional 0.9% Medicare tax will Peter and Joan owe with their 2021 income tax return?
Peter and Joan's additional 0.9% Medicare tax due with their 2021 income tax return is $2160.
What about the income tax return? The completion of a tax return is the documentation that determines the amount of income made by a person or corporation, the amount of taxes to be paid to the government or government agencies and, potentially, the amount of taxes to be returned to the taxpayer.Taxes are one of the key ways that the government generates revenue. Both direct and indirect taxes, which are included in both tax categories, generate tax income.How it's calculated?The given dat is,
Total taxable income=$240,000
Medicare tax=0.9%
Income tax return=(Total taxable income× Medicare tax)
=$240,000×0.9%
Income tax return=$2160.
Peter and Joan's additional 0.9% Medicare tax due with their 2021 income tax return is $2160.
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If a country allows trade and, for a certain good, the domestic price without trade is lower than the world price, the country will be an exporter of the good.
The Domestic price at which a commodity trades within a country, in contrast to the world price.
what is the different between domestic price and world price?A specific sum of money known as the price must be paid by the customer in order to obtain goods or services. Domestic demand and domestic supply, at the point of equilibrium where no trading occurs, determine the costs of the commodity.
However, as a result of the development of worldwide trade, the prices are now referred to as world prices. The global price is determined by the moment at which global demand and global supply are balanced.
When the domestic price is different from the global price, it has a significant influence. when compared to other countries, the domestic pricing is high. International trade consists of two parts. The first is the symbiotic link between my country's currency and that of my trading partners.
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The domestic price, as opposed to the international price, at which a commodity trades within a nation.
What is Domestic price level?The cost of a certain commodity or service at the domestic pricing level in a given economy. In order to evaluate growing or decreasing prices, often known as inflation and deflation in economic terms, government organizations or national economists sometimes examine a range of price levels. The consumer price index is the most typical measure of domestic prices. This index is popular in many nations and gauges the costs of a variety of commodities that most economists consider essential for people to purchase in the economy. Price levels can also provide as a point in time snapshot of pricing, enabling comparisons between multiple time periods.Hence, The domestic price, as opposed to the international price, at which a commodity trades within a nation.
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After suffering a debilitating injury, Ahmad (47) retired on disability after teaching high-school math for several years. He had not yet reached the minimum retirement age for the district where he taught. If Ahmad's employer paid the premiums on his disability insurance policy using pre-tax dollars, how does he report the disability benefits reported to him on Form 1099-R?
A.) As taxable wage income reported on Form 1040, line 1.
B.) As nontaxable wage income reported on Form 1040, line 1.
C.) As taxable pension income reported on Form 1040, line 4.
D.) As nontaxable pension income reported on Form 1040, line 4.
Ahmad's employer paid the premiums on his disability insurance policy using pre-tax dollars, how does he report the disability benefits reported to him on as nontaxable wage income reported on Form 1040, line 1.
What is insurance policy?An insurance policy is a binding agreement between the insurance provider and the individual, firm, or other entity that will be covered. By reading your policy, you can make sure that it addresses your needs and that both you and the insurance provider are aware of your obligations in the event of a loss.
Everyone should have five different types of insurance: home or property insurance, life insurance, disability insurance, health insurance, and automobile insurance.
Its goal is to lessen monetary uncertainty and manage unintentional loss. This is accomplished by exchanging the payment of a small, predetermined fee—an insurance premium—to a reputable insurer for the assumption of the risk of a significant loss and a guarantee to make payments in the case of such a loss.
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roasters corporation and outdoor barbecues inc. enter into a contract for a sale of a commercial grill. the contract requires roasters to deliver the goods to speedy delivery company for transport to outdoor. risk of loss passes to outdoor when
Risk of loss passes to Outdoor when d. Roasters gives you the products to Speedy.
The loss is what happens while the waste of an excellent or carrier produced (or even consumed) in an bizarre and involuntary manner inflicting the lower of the manufacturer's financial revenue. Loss isn't to be harassed with expense (not to mention cost), exactly due to its feature of abnormality and involuntary nature; it isn't a sacrifice made with the aim of acquiring revenue. Common examples: hearthplace losses, inventory obsolescence, etc.
These are objects that pass without delay to the profits account, in addition to expenses, however do now no longer constitute everyday sacrifices or voluntary derivatives of sports geared toward acquiring revenue. It may be very not unusualplace to apply the expression Material losses from the manufacture of severa goods; however, nearly all of these "losses" are, in reality, a cost, considering they're values sacrificed in a everyday manner withinside the manufacturing process, being a part of a sacrifice already recognized even in anticipation of acquiring the favored revenue.
(COMPLETE QUESTION)
Roasters Corporation and Outdoor Barbecues, Inc., enter into a contract for a sale of a commercial grill. The contract requires Roasters to deliver the goods to Speedy Delivery Company for transport to Outdoor. Risk of loss passes to Outdoor when
a. Speedy transports the goods to Outdoor.
b. Outdoor begins to use the grill.
c. Roasters and Outdoor enter into their contract.
d. Roasters delivers the goods to Speedy.
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Lansing Company’s 2018 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2017 and 2018, follow.
LANSING COMPANY
Income Statement
For Year Ended December 31, 2018
Sales revenue $ 100,200
Expenses Cost of goods sold 43,000
Depreciation expense 12,500
Salaries expense 19,000
Rent expense 9,100
Insurance expense 3,900
Interest expense 3,700
Utilities expense 2,900
Net income $ 6,100
LANSING COMPANY
Selected Balance Sheet Accounts
At December 31 2018 2017 Accounts receivable $ 5,700 $ 6,000 Inventory 2,080 1,590 Accounts payable 4,500 4,800 Salaries payable 900 710 Utilities payable 240 170 Prepaid insurance 270 300 Prepaid rent 240 190 Required:
Prepare the cash flows from operating activities section only of the company’s 2018 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)
Net cash flows provided by operating activities is $21,200.
Operating cash flows using the indirect technique
2018-12-31 For the Year Ended
Flows of money from operations
6,600.00 was the net profit.
Ratio of net income to operating cash flow adjustments
Items not affecting the income statement Cash
Cost of depreciation: $15,000.00
Current Operating Assets and Liabilities Changes
$800.00 less in accounts receivable
A rise in inventory prices (740.00)
$80.00 less in prepaid insurance
Prepaid rent increased in price (100.00)
Reduced amount owed in accounts payable (800.00)
Payable Salary Increase of $ 240.00
Utilities payable increased by $ 120.
$ 14,600.00
$ 21,200.00 in net cash flows from operating activities.
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changes in the discount rate or the required internal rate of return used to complete net present value analysis can have a significant impact on the estimated value of the investment
To consider the IRR as a trustworthy approach of project evaluation, a comparison between it and a discount rate is required. when the discount rate is greater than the IRR.
What is the formula for the discount rate?how to determine the discount rate The weighted average capital cost (WACC) or adjusted present value are the two main formulae for calculating the discount rate (APV). The APV discounting equation seems to be: APV Equals NPV + PV of the effect of financing, while the WACC discount equation seems to be: WACC = E/V x Ci + M s x Cd x (1-T).
What does 3% off mean?Using a 3% discount rate, we then assert that $1 is worth $1 today, which equals the current value of $1.03 paid in a year. If $1 is kept in a bank for further than a year, compound interest will be earned on the investment
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____ refers to born during the great depression, grew from a need to understand the entire economy and to provide guidance on how to manage it. (hint: it is a branch of economics.)
The need to comprehend the entire economy and offer advice on how to manage it gave rise to macroeconomics during the Great Depression.
Macroeconomics is the study of how economies function, including changes in economic production, inflation, interest and foreign exchange rates, and the balance of payments. Only with solid fiscal and monetary policy are poverty alleviation, social equality, and sustainable growth conceivable.
A subfield of economics known as macroeconomics examines the functioning, makeup, behaviour, and decision-making of an economy as a whole.
Using interest rates, taxes, and government expenditure as examples to control the expansion and stability of an economy This covers the local, national, and international economy.
Macroeconomics is the branch of economics that focuses on large-scale or general economic issues and how they interact in economies. It is the study of complete economies.
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under u.s. gaap, companies can choose which inventory cost flow assumptions? indicate by entering the correct alphabetical answer (a, b, c, d)
LIFO is acceptable for inventory valuation under GAAP.Its use is forbidden under IFRS.The only two valid cost flow assumptions allowed by IFRS are FIFO and average-cost.
What are the three three assumptions for the inventory cost flow? First In First Out (FIFO) and Last In Last Out (LILO) are two popular accounting techniques for valuing inventory (LIFO).In accordance with both IFRS and US GAAP, only FIFO is allowed.Inventory valuation can be done using FIFO (First In, First Out), LIFO (Last In, First Out), or WAC (Weighted Average Cost).Because there is no good reason to use fresh inventory first while letting older inventory deteriorate, most businesses prefer FIFO to LIFO.This is especially true if you are selling perishable goods or products that depreciate quickly.According to the inventory cost flow assumption, an inventory item's cost varies depending on when it is built or purchased and when it is sold.Management requires a formal mechanism for allocating expenses to inventory as they develop into sellable commodities due to this cost disparity.To learn more about inventory cost flow assumption refer
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Olena Mirrors records bad debt using the allowance, income statement method. 3 They recorded $343,160 in accounts receivable for the year and $577,930 in credit sales. The 4 uncollectible percentage is 4.4%. On May 10, Olena Mirrors identifies one uncollectible account 5 from Elsa Sweeney in the amount of $2,870. On August 12, Elsa Sweeney unexpectedly pays 5 $1,441 toward her account. Record journal entries for the followingA. Year-end adjusting entry for 2017 bad debtB. May 10, 2018 identification entryC. Entry for payment on August 12, 2018
A. Year-end adjusting entry for 2017 bad debt
In this case, the amount of estimated bad debt would be $343,160 * 4.4% = $15,039.60. The journal entry would be:
Debit Bad Debt Expense: $15,039.60
Credit Allowance for Doubtful Accounts: $15,039.60
The adjusting entry for 2017 bad debt at year-end would include a debit to Bad Debt Expense for the amount of the estimated bad debt, and a credit to Allowance for Doubtful Accounts, the contra asset account.
B. May 10, 2018 identification entry
The identification entry for the uncollectible account from Elsa Sweeney on May 10, 2018 would include a debit to Allowance for Doubtful Accounts for the amount of the uncollectible account, and a credit to Accounts Receivable. The journal entry would be:
Debit Allowance for Doubtful Accounts: $2,870
Credit Accounts Receivable: $2,870
C. Entry for payment on August 12, 2018
Debit: Accounts Receivable $1,441
Credit: Cash $1,441
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toffel manufacturing has been requested by its employees' union to bargain with it. union representatives express interest in negotiating wages and working hours for its workers. management at the company declines to bargain with the union because any renegotiation would increase the company's operating costs. toffel manufacturing's refusal to bargain:
Toffel manufacturing's refusal to bargain is not permitted because employers and unions have a duty to bargain in good faith, and bargaining is mandatory for subjects relating to wages or working hours.
Refusal to bargain is a determination made by the administrative body that either the employer or the union did not negotiate "in good faith" in accordance with the statute's criteria.
Refusal to bargain is the result of the administrative body concluding that neither the employer nor the union engaged in "good faith" negotiations in line with the requirements of the statute.
The three primary categories of negotiation subjects are obligatory, permissible, and unlawful. The required category includes wages, health and safety, management rights, working conditions, and benefits. Topics that are permitted during the process are ones that are not required but may be discussed.
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(h) based on the change in the equilibrium real interest rate identified in part (g), what will happen to economic growth in the country in the long run? explain.
Because of increased government borrowing to fund spending, the equilibrium real interest rate will be higher, as stated in the explanation.
When interest rates rise, which of the following will occur?Consumers and corporations both reduce spending when interest rates are rising. Due to this, both stock prices and earnings will decrease. However, when interest rates have dropped significantly, firms and consumers will spend more, driving up stock values.
Which circumstance is most likely to result in a drop in interest rates and a rise in loanable money?Option (A): As the supply curve moves to the right, more loanable funds are available as households increase their savings and cut down on their consumption.
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How to Find Your Ideal Customer with Target Market Analysis
There are aspects to a company. A marketing strategy is how a company can provide superior customer value to its target market that involves the formulation of a marketing mix.
What is the synonym of involves?Some common synonyms of involve are comprehend, embrace, and include. While all these words mean "to contain within as part of the whole," involve suggests inclusion by virtue of the nature of the whole, whether by being its natural or inevitable consequence.
How do you use involve?involve somebody (in something) to say or do something to show that someone took part in something, especially a crime synonym implicate His confession involved a number of other politicians in the scandal.
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During cold weather, skin appears pale because the blood vessels of the dermis undergo________ thereby reducing blood flow and heat loss.
During cold weather, skin appears pale because blood vessels of the dermis undergo vasoconstriction thereby reducing the blood flow and heat loss.
What is vasoconstriction?Vasoconstriction, which affects both big arteries and small arterioles, is the narrowing of blood vessels as a result of muscle wall contraction. The procedure is the antithesis of vasodilation, which widens blood arteries. The procedure is crucial for regulating bleeding and minimizing acute blood loss. Blood flow is restricted or reduced as a result of blood vessel constriction, which keeps body heat in or increases vascular resistance. Due to less blood reaching the skin's surface and decreased heat radiation, the skin becomes paler as a result. Vasoconstriction is a larger-scale method by which the body controls and maintains mean arterial pressure. One class of medication used to elevate blood pressure is a vasoconstrictor, commonly referred to as a vasoconstrictor medication.
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the balanced scorecard approach normally set the financial objectives first, and then sets the objectives in the other perspectives to accopmlish the financial objectives
Scorecards give management useful information on the service and quality of their company as well as its financial performance.
What exactly is a balanced scorecard?
The balanced scorecard is a strategy-based system for performance management that often establishes goals and benchmarks from four separate perspectives: the financial, the customer, the process, and the learning and development.
From a financial standpoint, a company's objective is to make sure that it realizes a profit on its investments and controls significant risks related to conducting business.
Therefore, A financial goal is a specific objective or target pertaining to the financial results, resources, and organizational structure of a corporation.
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Which one of the following statements is NOT true?
A) Interest rate changes and bond prices are inversely related.
B) Interest rate risk is the risk that bond prices will change as interest rates change.
C) As interest rates increase, bond prices increase.
D) Long-term bonds are more price volatile than short-term bonds of similar risk.
One of the following statements is FALSE: Long-term bonds have more price volatility than short-term bonds with comparable risk. because the prices of bonds and interest rates are inversely correlated.
The danger of interest rates is greater for long-term bonds than for Long-term bonds. Additionally, these investments can be made by investors who are ok with the market's shifting interest rates. For investors wanting security and a fixed rate of interest paid semi-annually until the bond's maturity date, Treasury bonds can be an excellent investment. Bonds play a significant role in the asset allocation of an investment portfolio since their interest rate return serves to balance out the volatility of equities prices.
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juliet company accumulated the following account information for the year: using this information, total factory overhead costs would be
The correct answer to the question about Factory Overhead costs is option e) $13,000
The expenses incurred in the factory, excluding the costs of direct labor and direct materials, are those related to the manufacturing process. Typically, cost pools of factory overhead are created and distributed to the units produced throughout the time period. When the created units are eventually sold as finished items or written off, the cost is tacked onto the expense. In contrast to absorption costing, which requires it, direct costing avoids allocating production overhead to the number of units produced. According to the requirements of the main accounting frameworks, the allocation of manufacturing overhead is necessary for creating financial statements.
Question
Juliet company accumulated the following account information for the year: using this information, total factory overhead costs would be
Beginning raw materials inventory $6,000
Indirect materials cost $2,000
Indirect labor cost $5,000
Maintenance of factory equipment $2,800
Direct labor cost $7,000
Options
$16,800$15,800$7,800$9,800$13,000To learn more about factory overhead click here
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