Answer:
C. Debit Accounts Receivable and credit Allowance for Doubtful Accounts for $3,500; debit Cash and credit Accounts Receivable for $3,500.
Explanation:
The journal entry is given below:
Account receivable Dr $3,500
To allowance for doubtful debts $3,500
(being the account receivable is recorded)
Here account receivable is debited as it increased the assets and credited the allowance as it decreased the assets
Cash dr $3,500
To account receivable $3,500
(being collection is recorded)
Here cash is debited as it increased the assets and credited the account receivable as it decreased the assets
What is the relationship between insurance and successful financial management? 1. Why is insurance important? 2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location? 3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk? 4. Why is estate planning important? 5. What is the principle of indemnity? Why is this principle important?
Answer:
insurance is important in that it helps you indemnity the losses occured after the risk occurrence
Explanation:
insurance ensures that you are covered from all period and hazards
1. What is the relationship between insurance and successful financial management? Why is insurance important?
The relationship between insurance and successful financial management is important because while successful financial management helps with unexpected situations requiring emergency planning, insurance is a contract made to ensure that your assets are protected and damage paid for if that event occurs.2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location?
You could be risked by fires, high winds, hail, and lightning damage to protect your possessions you would need Homeowners insurance. To be protected from natural disasters you may need additional coverage (if natural disasters occur often).3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk?
Some personal, property, and liability risks would be poor health and old age, having your property damaged, and being responsible for something that happens that could lead to a lawsuit.4. Why is estate planning important?
Estate planning can be important because estate planning is about protecting your loved ones, transferring your assets to heirs.5. What is the principle of indemnity? Why is this principle important?
The principle of indemnity is compensation, ensuring that you will not lose any finances.What
do we
mean
by Forms
Of Ownership ?
Answer:
thats a good one
Explanation:
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land$690,000 Sale of salvaged parts already on land$20,000 Demolition of the old building$32,000 Ground-breaking ceremony (food and supplies)$1,800 Land preparation and leveling$8,300 What amount should be recorded for the purchase of the land
Answer:
Purchase of land $710,300
Explanation:
The computation of the amount that should be recorded for the purchase of the land is shown below:
Purchase Price of the land $690,000
Less: Sale of salvaged parts already on the land -$20,000
Add: Demolition of the old building $32,000
Add: Land preparation and leveling $8,300
Purchase of land $710,300
Northwestern Data Systems has adopted a new organizational approach with regard to information flow, ensuring that employees have access to the data they need, when they need it. Aware of this new approach, Stacy, an administrative assistant working for a manager in the sales department, requests a report regarding disciplinary action on a manager outside her department. Despite the new company policy, her request is denied, most likely because
Answer:
neither she nor her supervisor has any demonstrable reason to access such information.
Explanation:
When security measures are introduced in information system access in an organisation, an individual is limited to only a defined set of data.
Access to data outside one's normal job role requires a request for addition of such access.
In the given instance Northwestern Data Systems has adopted a new organizational approach that ensures employees have access to the only data they need.
Stacy, an administrative assistant requests a report regarding disciplinary action on a manager outside her department.
She will not be able to get it because she should normally not be able to discipline a manager.
So she can't access it because neither she nor her supervisor has any demonstrable reason to access such information.
15. Giả sử bạn là nhân viên bán hàng tại quầy hàng bán mỹ phẩm. Một nam khách hàng vào mua quà tặng bạn gái nhân dịp 14-02. Bạn hãy nêu những nguyên tắc tư vấn và thuyết phục khách hàng mua hàng tại cửa hàng
During the late 1990s, a lot of big animation companies started to move away from the traditional hand-drawn animation and towards computer animation. As a result, they had to lay off their employees who did not have experience with computer animation. What type of unemployment did these workers experience
Answer:
Structural unemployment
Explanation:
Structural unemployment is the type that occurs as a result of changes in an industry that results in a mismatch between the job requirements and the skills the workers have to offer.
In the given scenario big animation companies started to move away from the traditional hand-drawn animation and towards computer animation.
So workers that were skilled in traditional hand drawing and who did not know how to do computer animation were now redundant.
This resulted in the mass lay offs. It is an example of structural unemployment
Tina purchased a personal umbrella policy with a $1 million limit. Her insurer required her to carry liability limits of 250/500/50 under her auto insurance policy. The personal umbrella policy was written with a $1,000 self-insured retention. Tina was responsible for an auto accident in which the other driver was severely injured. The other driver's bodily injuries were $400,000 and the property damage was $20,000. How much will the insurer pay under Tina's umbrella policy
Answer: $150000
Explanation:
The Personal Umbrella Policy helps in the provision of protection against a catastrophic judgement. Also, the excess liability insurance will be provided in amounts starting from $1-$10 million.
Based on the information given in the question, the amount that the insurer will pay under TIna's umbrella policy will be:
= $400,000 - $250,000
= $150,000
The insurer will pay $150,000 under Tina's umbrella Policy wherein it not only covers the policy owner but also other family members or households.
What is a Personal Umbrella Policy?Umbrella insurance is a type of personal liability insurance that covers claims in excess of homeowners, car policy, or shipping policy. The umbrella insurance covers not only the policy owner but also other family members or households.
The Personal Umbrella Policy helps in the provision of protection against a catastrophic judgment. Also, the excess liability insurance will be provided in amounts starting from $1-$10 million.
Based on the information, the amount that the insurer will pay under Tina's umbrella policy will be:
[tex]= \$400,000 - \$250,000\\\\= \$150,000[/tex]
Hence, The insurer will pay $150,000 under Tina's umbrella Policy.
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If you borrow $421 for 9 years at an interest rate of 4%, how much interest will you pay?
I will assume it as simple interest as nothing is mentioned
SI = (P × R × T)/100
SI = (421×4×9)/100
SI = 15156/100
SI = 151.56
You will pay $151.56
Answered by Gauthmath must click thanks and mark brainliest
4. _______ are the fastest growing segment of today's workforce. They are optimistic, inventive and individualistic; they seek a balance between life and work and want work that is meaningful. Baby Boomers Gen Xers Generationals Millennials
Answer:
Millennials
Explanation:
They are the highest group of people joining the workforce as they are just graduating high school/college. They also have that mindset. Hope this helps!
Capital has diminishing returns in the Solow model, but ideas do not have diminishing returns in the Romer model because Group of answer choices capital is scarce, but new ideas are not scarce. capital is a rival object, but ideas are non-rival. capital depreciates because it is a physical object, but ideas cannot depreciate because they cannot physically break over time. capital is excludable, but ideas are non-excludable.
Answer:
capital is a rival object, but ideas are non-rival.
Explanation:
The ideas are non rivalrous and have no restrictions on their return.Masterson Company's budgeted production calls for 71,000 units in April and 67,000 units in May of a key raw material that costs $1.85 per unit. Each month's ending raw materials inventory should equal 20% of the following month's budgeted materials. The April 1 inventory for this material is 14,200 units. What is the budgeted materials purchases for April
Answer:
70,200 units
Explanation:
Calculation to determine the budgeted materials purchases for April
Using this formula
Budgeted material needed for april=April budgeted production calls +
+ (Ending inventory*Ending inventory percentage)- Beginning inventory
Let plug in the formula
Budgeted material needed for april= 71,000 + (67,000*20%) -14,200
Budgeted material needed for april= 71,000 + 13,400-14,200
Budgeted material needed for april= 70,200 units
Therefore the budgeted materials purchases for April is 70,200 units
Which of the following is NOT true about stocks?
they are shares of ownership of company
All of these
you can buy them in a secondary market
owning only shares of a single stock increases risk
they are guaranteed to hold their value over time
Answer:
they are guaranteed to hold their value over time.
Explanation:
A stock is also referred to as equity and it can be defined as a security that represents a stockholder's ownership of a fraction of a corporation.
Corporations can be sold to investors through stocks or shares, as a public entity. Thus, a company that engages in the sales of ownership shares to many investors is referred to as a corporation.
The book value per share of stock can be defined as a measure of the total amount of value associated with a net asset that an investor is entitled to when he or she buys a share of stock.
Hence, the book value per share of stock is a ratio of the equity gotten by an investor to the amount of outstanding shares.
The true statements about stocks include the following;
I. A stock can be purchased or bought in a secondary market.
II. Owning only shares of a single stock increases risk because you can loose everything when the company or corporation is negatively affected by a disaster.
III. Stocks are shares of ownership of company.
However, just like every other securities, stocks aren't guaranteed to hold their value over time.
Industries that produce A. durable goods are more affected by recessions than is the economy as a whole. B. goods that are expected to last for fewer than three years are more affected by recessions than are durable goods. C. durable goods are less affected by recessions than is the economy as a whole. D. goods that are expected to last for three or more years are less affected by recessions than are nondurable goods.
Answer:
A. durable goods are more affected by recessions than is the economy as a whole
Explanation:
The industries produce those types of goods that are durable also it could highly impacted whenever the recessions come in the market if we compared with the overall economy
Here durable goods means the goods that can be consumed for the longer time like cars, home appliances, etc
Therefore the above statement should be true
hence, the correct option is a.
Strategic alliances are more likely to be long lasting-when Group of answer choices both partners are experienced with strategic alliances and routinely enter into collaborative agreements with firms in peripheral industries. the alliance involves partners based in countries with distinctly different cultures and consumer buying habits and preferences. each partner has considerable resource weaknesses in the marketplace. they involve collaboration with suppliers or distribution allies or when both parties conclude that continued collaboration is in their mutual interests. the alliance involves joining forces in R
Answer:
they involve collaboration with suppliers or distribution allies or when both parties conclude that continued collaboration is in their mutual interests.
Explanation:
A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.
Basically, there must be mutual understanding and assent between the parties involved in the establishment or creation of a partnership form of organization (business).
Additionally, a partnership form of business is considered to be one of the easiest type of business to start up or form once there is an agreement between two or more individuals to establish a lawful and legal business.
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.
The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Strategic alliances are more likely to be long-lasting when they involve collaboration with suppliers or distribution allies or when both parties conclude that continued collaboration is in their mutual interests.
A property owner owned a tract of land that he leased to a baker for 27 years. The baker built a large bakery on the property. The baker then sold the bakery building to a buyer, assigning the lease with the property owner's approval. The buyer has failed to make a rent payment for several months and has also failed to build the cafe that the baker had agreed to build in the original lease. Who can the landlord of the property hold liable
Answer: The Baker
Explanation:
Payment is a form of contract and until payment has been done with papers signed it is not yet an agreement or a contract. The baker is still liable for anything that has to do with the land, the buyer has not paid any money and is not responsible. The landlord would hold the baker accountable, while the baker has to keep in touch with the buyer to know his interest in the property but till then, the baker is to be held accountable.
Explain the importance of denists and physiotherapists
Explanation:
physiotherapists help people affected by injury, illness or disability through movement and exercise, manual therapy, education and advice. They maintain health for people of all ages, helping patients to manage pain and prevent disease.
dentistry is important to maintaining the health of your smile as well as your overall health. Unaddressed tooth decay or gum disease can lead to infections and other conditions that can put your entire body at risk for health issues.
if my answer helps you than mark me as brainliest
Answer:
The physiotherapist is important because they can revive the disfunctional human organs through regular therapy.
Dentist is important because they deal with diverse dental problems and diseases and human teeth are very important organ.
Explanation:
I hope my answer helped you:)
write any five different between of profession and professional education.
Answer:
Profession is a field or work of life,which you choose in order to become a professional of that field. For example, Teaching is a profession and am a teacher which makes me a professional of that
President Hoover's approach to the Great Depression was to a leave the economy alone to work itself out of trouble. b nationalize major industries. c encourage the states to stimulate spending. d work for the breakup of business monopolies. e offer federal assistance to businesses and banks but not individuals.
Answer:
e. offer federal assistance to businesses and banks but not individuals.
Explanation:
Herbert Clark Hoover was democratically elected as the 31st President of the United States of America and he served from the 4th of March, 1929 to the 4th, March, 1933.
The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).
Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.
Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.
As a result of the aforementioned negative effects, struggling businesses had to lay off workers in order to try to remain open during the Great Depression.
However, President Hoover's approach to the Great Depression was to offer federal assistance to businesses and banks but not individuals.
Nintendo built a security chip into its game console hardware and then licensed the right to develop games to outside firms. These firms paid a royalty to Nintendo for each copy of the game sold. This is an example of Nintendo using ________ products. a. complement b. substitute c. differentiated d. unrelated
Answer:
a. complement
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.
In this scenario, Nintendo built a security chip into its game console hardware and then licensed the right to develop games to outside firms. Subsequently, royalties are then paid by the business firms to Nintendo for each copy of the game sold. Thus, this is an example of Nintendo using complement products.
A complementary product can be defined as any product that's typically used in conjunction with another product and as such it adds value to the other product.
Angela is nearly nine months pregnant. She has worked for her current employer on a full time basis for the last 8 months, and her company has 60 employees. She would like to take the next nine weeks off from work. Evaluating only under the Family Medical Leave Act, what problems do you see with her expectations
Answer:
Angela has not worked for her employer long enough to demand leave.
Explanation:
Since angela is approx nine month pregnant and she worked on a full time basis for the last eight month also she wants to take the off for the nine weeks so as per the family medical leave act, the problem that could be seen is that she is not worked for her also the employer is sufficient for demanding the leave
Therefore the above statement should be correct
On the statement of cash flows, the investing activities section would include a.cash paid for retirement of bonds payable b.cash received from the issuance of capital stock c.cash paid for dividends d.cash received from the sale of investments
One of the following must be used as a starting point in order to perform an analysis that will determine what the connections between imbalances of trade in goods and services and the flows of international financial capital are. Which one is it?
A. sketch patterns of trade deficits
B. sketch patterns of trade surpluses
C. define the level of trade
D. define the balance of trade
Answer:
Option d: Define the balance of trade
Explanation:
Balance of trade
This is simply known as the difference in terms of value between the import and exports of a particular country. It is known as one of the starting point in order to perform an analysis that will determine what the connections between imbalances of trade in goods and services and the flows of international financial capital.
The Factors that can affect the balance of trade
1. Cost of production
2. Cost and availability of raw exchange rate movements
MC Qu. 01 Darius is considering buying new bedroom... Darius is considering buying new bedroom furniture. Naturally, he compares several types of beds, dressers, and bedside tables, but he also is evaluating each product's reputation, warranty, his own experience with the brand and, of course, the price. All of the components that Darius is evaluating make up Multiple Choice the total product offering. his product mix. his brand awareness. the core product evaluation.
Answer:
the total product offering.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, furniture, computer, soft drinks, motorcycles, shoes, clothes, etc.
A total product offering can be defined as all of the features and attributes of a product that a consumer evaluates when he or she is deciding whether or not to buy a particular product. Some of the important elements of a total product offering are price, convenience, guarantee, warranty, producer's reputation, buyers' past experience, speed of delivery, brand name, package, etc.
In this scenario, Darius wants to buy a new bedroom furniture. Naturally, he compares the various attributes of a product which include types, warranty, reputation, price, product experience, etc.
Hence, all of the components that Darius is evaluating make up the total product offering.
Exhibit 9.2 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Assume that the dividend payout ratio will be 75 percent when the rate on long-term government bonds falls to 8 percent. Because investors are becoming more risk averse, the equity risk premium will rise to 7 percent and investors will require a 15 percent return. The return on equity will be 12 percent. Refer to Exhibit 9.2. What is the expected sustainable growth rate
Answer:
3%
Explanation:
Expected sustainable growth rate = (1 - Payout ratio) * Return on Equity
Expected sustainable growth rate = (1 - 0.75) * 12%
Expected sustainable growth rate = 0.25 * 0.12
Expected sustainable growth rate = 0.03
Expected sustainable growth rate = 3%
So, the expected sustainable growth rate is 3%
hired by a firm to get legal, though not necessarily ethical, information about competitive firms. hired by a firm's management to prove to the courts that competitors are using unfair pricing practices. hired by a customer to report on illegal or unethical practices that are regularly taking place at a particular establishment. who pose as customers to check on availability and pricing of a firm's products or services and on the quality of the customer service. hired by law firms to check on the safety of their clients' products and the credibility of their advertising
Answer: who pose as customers to check on availability and pricing of a firm's products or services and on the quality of the customer service.
Explanation:
Mystery shoppers are hired by a company as a form of self-evaluation in order to check things like the availability of goods and services as well as the quality of their customer service. They also check to see if their employees are sticking to the codes of conduct of both the company and the regulatory bodies.
Mystery shoppers can also be hired by a company to check out the affairs of another company the same way they would the company hiring them. They would then be paid for their services.
The existence of money leads to a. greater specialization and to a higher standard of living. b. neither greater specialization nor to a higher standard of living. c. greater specialization in production, but not to a higher standard of living. d. a higher standard of living, but not to greater specialization.
Answer:
C. Greater specialization and a higher standard of living.
The existence of money leads to a. greater specialization and to a higher standard of living.
What is moneyMoney is used to trade things easily. It helps with trades and stops the need for trading one thing for another directly.
When money was invented, people could focus on making or offering certain things and trade them for money. This specialization helps people and communities become more efficient and productive. This can lead to a better quality of life for individuals and communities.
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A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $58; Second purchase $69; Third purchase $70. If the company sold two units for a total of $215 and used FIFO costing, the gross profit for the period would be
Answer:
like 412 or sum
Explanation:
Both competitive firms and monopolies produce at the level where marginal cost equals marginal revenue. Then, other things remaining the same, why is price lower in a competitive market than in a monopoly? A. Competitive markets face perfectly elastic demand and marginal revenue, while monopolies face downward-sloping demand and marginal revenue. B. Competitive markets face perfectly inelastic demand and marginal revenue, while monopolies face perfectly elastic demand and marginal revenue. C. The government puts a cap on how much a competitive firm can charge, while a monopolist can charge any price it chooses. D. A competitive market sets its price where marginal cost equals demand, while a monopolist sets its price where marginal cost equals marginal revenue.
Answer:
A. Competitive markets face perfectly elastic demand and marginal revenue, while monopolies face downward-sloping demand and marginal revenue.
Explanation:
In the case when competitive firms and monopolies generated at the level in which the marginal cost is equivalent to marginal revenue keeping the other things constant so the price should be less in the competitive market as compared to the monopoly because in the competitive markets it face perfectly elastic demand but in the monopoly it face the down ward sloping demand curve
Therefore the option a is correct
Rebel Records announces it is cutting the prices of its bluegrass album titles by 25 percent. If Rebel is seeking to increase revenues, it must believe that the elasticity of demand for bluegrass albums is Group of answer choices elastic. inelastic. of unitary elasticity. perfectly inelastic.
Answer:
elastic.
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
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
If demand is elastic and price is decreased, quantity demanded would increase. The increase in quantity demanded would be greater than the decrease in demand and this would lead to an increase in revenue.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
If you could choose to be anything you want, what would you choose to be and why? 2-3 paragraphs
