Answer:
The write-off to be approved by two employees
Explanation:
Allowance Method
This method is capitalizes on matching principle. The key work is to record bad debts expense in the same period as the sales revenue.
Direct Write-off Method
This is simply known as when an accounts receivable are written off and bad debts expense is recorded when the company determines that it will not be able to collect from a specific customer.
Method used
Record bad debts expense and reduce accounts receivable
Debit: Bad Debts Expense
Credit: Accounts Receivable
Recovery method
Step 1: Reverse earlier write off
Debit: Accounts Receivable
Credit: Bad Debts Expense
Allowance For Bad Debts Account
It is usually in a contra asset account, in relation to accounts receivable, that holds the estimated amount of uncollectible accounts. The account is said to limits the asset receivable in anticipation of uncollectible debts.
On March 12, Klein Company, Inc. sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system. On March 15, Babson returns some of the merchandise. The selling price of the returned merchandise is $600 and the cost of the merchandise returned is $350. The entry or entries that Klein must make on March 15 is:
Answer:
Date Account Title Debit Credit
March 15, Sales returns and allowances $600
Accounts Receivable $600
Merchandise Inventory $350
Cost of Goods Sold $350
U.S. GAAP for long-lived assets significantly impedes rate-of-return comparisons across companies unless the firms:
Answer: Apply the same depreciation methods and the same useful lives among similar groups of assets
Explanation:
US GAAP for long-lived assets significantly impedes rate-of-return that is, the annual income from an investment which is being expressed as a proportion of the original investment comparisons across companies unless the firms apply the same depreciation methods and also the same useful lives are applied among identical groups of assets.
After passing the bar, Frankie needs money to start his own law practice. Martina is still in high school and needs money to take the SAT. Robi is about to enter college and needs money for his first year of class. Which describes the way each person is most likely to get financial assistance
Answer:
D.) Frankie should borrow money from the bank, Martina should get a part-time job, and Robi should apply for a scholarship.
Explanation:
Since in the given situation it is mentioned that frankie wants to start his own practice so for this he required the money. Martina requires the money for SAT. And, robi wants the money for the first year
So as per the given situation, frankie should have to borrow the money from the bank, martina should go for the part time job and robi should have to apply for the scholarship
Therefore the option d is correct
As a member of a software development team for a national nonprofit organization, Larissa is responsible for creating an interface model for a new app. What is Larissa's role in the organization
Answer:
Software designer.
Explanation:
A software can be defined as a set of executable instructions (codes) or collection of data that is used typically to instruct a computer how to perform a specific task and to solve a particular problem.
Basically, softwares are categorized into two (2) main categories and these are;
I. Utility software.
II. System software.
Larissa's role in the national nonprofit organization is a software designer because she's saddled with the responsibility of creating an interface model for a new app i.e the graphic user interface that would be seen and used by the end users of the software application.
_____ is used to develop tactical plans by integrating customer-focused marketing plans for new and existing products with the operational management of the supply chain.
Answer:
Sales and operations planning (S&OP).
Explanation:
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. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
Generally, the four (4) stages of a supply chain include the following;
I. Supply management.
II. Supply chain management.
III. Supply chain integration.
IV. Demand-supply collaboration.
Sales and operations planning (S&OP) is an aspect of business management and supply chain planning that is typically used for the development of tactical plans by integrating customer-focused or customer-oriented marketing plans with respect to new and existing products into the operational management of the supply chain.
In conclusion, sales and operations planning (S&OP) helps manufacturers to better match supply with consumer demands by means of collaboration between the sales department and the operations department to create a single production plan.
1. Most financial crises in the United States have begun with A. a steep stock market decline. B. an increase in uncertainty resulting from the failure of a major firm. C. a steep decline in interest rates. D. all of the above. E. only A and B of the above.
Answer:
d
Explanation:
A market situation where all participants have an incentive to exploit a resource yet no one can limit anyone else's access to that resource, resulting in over-exploitation, can be described as a(n)
Answer:
Tragedy of the Commons
Explanation:
The tragedy of the commons refers to a situation where the individual could access to the resources that are shared for their own interest.
So it is the market situation where the participant expolited the resources also there is no limited for accessing the resources
So the above term should be considered for the given situation
Gidgits Galore has borrowed $10,000 to buy new shelves to display its millennial version of the gidgit. The bank negotiated the use 1,000 gidgits as
collateral and then filed a UCC-1 Financing Statement with the Register of Deeds where Gidgits Galore has its headquarters. The bank is an
unsecured creditor.
O True
O False
Answer:
False. The bank is NOT an unsecured creditor.
Explanation:
An unsecured creditor can be described as an individual or institution that lends money without requiring the borrower to put up any assets as collateral.
Financing Statement is a statement that a creditor files to notify interested parties that he has a security interest in a personal property of a debtor. The personal property is therefore held as collateral in a secured transaction, such as a loan or a lease.
Since the bank negotiated the use 1,000 gidgits as collateral and then filed a UCC-1 Financing Statement with the Register of Deeds where Gidgits Galore has its headquarters, it implies that the bank is a secured creditor.
Therefore, the bank is NOT an unsecured creditor.
The balanced scorecard is a unique system of performance measures in that it: (Check all that apply.) Multiple select question. has financial and nonfinancial measures. has multiple perspectives. has key indicators measured by all companies. has a focus on customer satisfaction. can only be used by small companies.
Answer:
has financial and nonfinancial measures.
has multiple perspectives.
has a focus on customer satisfaction.
Explanation:
A balanced scorecard is a strategic management performance metric in which it helps the companies to identifying and improve the operations internally for helping out the external results. Also at the same time it determined the performance data related to the past and according to this it gives the feedback so that better decisions could be carried out
So as per the given options, the above 3 options should be selected
Answer:
has financial and nonfinancial measures.
has multiple perspectives.
has a focus on customer satisfaction.
Explanation:
An external evaluation with consumers that consists of preliminary testing of a new-product idea rather than the actual finished product is referred to as
A. idea generation.
B. a concept test.
C. crowdsourcing.
D. new-product strategy development.
E. market testing.
Answer:
B. a concept test.
Explanation:
Concept testing is defined as a research method in which it includes the questions of the customer related to their concepts and ideas for the product or services prior to introducing it into the market
So basically it is an external evaluation lies with the customers that contains the preliminary testing
So the option b is correct
A certain college graduate borrows 6900 dollars to buy a car. The lender charges interest at an annual rate of 18%. Assuming that interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate k dollars per year, determine the payment rate that is required to pay off the loan in 7 years. Also determine how much interest is paid during the 7-year period.
Answer:
a) k = $1734.86 per year
b) $5244.02
Explanation:
Principal ( borrowed ) = $6900
Annual interest rate = 18% ( compounded continuously )
Borrower makes a continuous payment at a constant rate : $k per year
a) Determine payment rate required to payoff loan ( in 7 years )
let loan at time ( t ) = x
x = $6900 , at t = 0
rate of increase of loan amount = 0.18x
rate of decrease of loan amount = k
∴ net change of loan x
= dx/dt = 0.18x - k
hence ; dt = dx / ( 0.18x - k )
k = $1734.86 per year
attached below is a part of the solution
b) Determine how much interest is paid during 7-year period
Interest paid in 7 years
= Amount paid - principal amount
= ( 1734.86 * 7 ) - 6900
= $5244.02
Ed was working on a custom-made workbench for a customer. The job, TB0414, was begun in November. At the end of November, the job cost sheet for TB0414 showed direct materials of $215, direct labor of 14 hours at $18 per hour, and overhead of 50% of direct labor cost. During December, Ed’s time ticket showed 15 hours on Job TB0414, 25 hours on Job TB0614, 10 hours of maintenance on the lathe, and 40 hours on a new job, DR1014. What is the total amount of overhead applied to TBO414?
Answer:
Allocated MOH= $261
Explanation:
Giving the following information:
Predetermined overhead rate= 50% of direct labor cost
To allocate overhead to Job TB0414, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
First, we need to determine the total labor cost:
TB0414:
Direct labor hours= 14 + 15 = 29
Total direct labor cost= 29*18= $522
Now, the allocated overhead:
Allocated MOH= 522*0.5
Allocated MOH= $261
According to equity theory, in order to restore equity or fairness of a work situation a worker may ______. (select all that apply)
Group of answer choices.
A. try to have the inputs of coworkers increased
B. try to increase the outputs of coworkers
C. try to increase his or her own outputs
D. try to increase his or her own inputs
Answer:
A. try to have the inputs of coworkers increased.
C. try to increase his or her own outputs.
Explanation:
Adam Smith was a Scottish political economist, social and moral philosopher, author and he is famously considered to be the father of modern economics. Smith was born on the 5th of June, 1723 in Kirkcaldy, United Kingdom and he died on the 17th of July, 1790 in Panmure House, Edinburgh, United Kingdom.
The equity theory by Adam Smith helps to measure and strike a balance between the work input and output of a worker.
An equality norm can be defined as a reward system in which the employer or human resource manager decide to compensate or pay the entire workforce the same amount of money without discrimination or favoritism.
Basically, it's paid regardless of individual productivity levels, in order to promote the ability to work effectively in groups.
According to equity theory, in order to restore equity or fairness of a work situation a worker may;
I. Try to have the inputs of coworkers increased.
II. Try to increase his or her own outputs.
The plaintiff was driving inattentively when she had to swerve to avoid two other negligently driven vehicles at a busy intersection, and her car struck a light pole. The plaintiff, who was the only driver injured, sued one of the other drivers to recover damages in a jurisdiction that has adopted pure comparative negligence. The jury determined that she suffered injuries of $100,000 and was 50% at fault. If the plaintiff is awarded a recovery of only $25,000 from the defendant, what will be the most likely reason
Answer: The jurisdiction has abolished joint and several liability.
Explanation:
Following the information given in the question, if the plaintiff is awarded a recovery of only $25,000 from the defendant, then the most likely reason will be that the jurisdiction has abolished joint and several liability.
It should be noted that under joint and several liability, the plantiff would have been awarded $50000 as each tortfeasor will be liable to the price of the damage that was incurred, hence the plantiff will get $50000 but in this case $25000 is given because the joint and several liability has been abolished by the jurisdiction.
Paul Krugman argues that although strategic trade policy looks unappealing in theory, in practice it is most likely to be workable. True False
Answer: False
Explanation:
The statement that "Paul Krugman argues that although strategic trade policy looks unappealing in theory, in practice it is most likely to be workable" is false.
According to Paul Krugman, a strategic trade policy will be captured by the special-interest groups that are within the economy and this will bring about it's distortion and therefore it's unlikely to be workable.
Mini-Case Nolan and Sadie have just opened a new restaurant on the edge of town, Cajun Kitchen. They own the land and building and have a brand-new kitchen as well as a lovely seating area, filled with mementos from the South. They have a liquor license and make wonderful Southern drinks. They are quite pleased that members of the community are helping their business grow by coming in for a meal or a drink after work. They are good businesspeople who pay their bills on time and as a result have great relationships with the vendors that supply them food. -Cajun Kitchen sits on a large landscaped lot. Nolan and Sadie have a contract with Green Goddess Lawn Service to mow the lawn and take care of the landscape. They pay $200 per month for this service. After two weeks had gone by with no service, Nolan called the company only to find out that the owner and the crew had decided to take a vacation and would not be back to do the landscaping for another two weeks. Green Goddess
A) has discharged its obligation to Nolan and Sadie.
B) is liable for specific performance.
C) will likely have to pay Nolan and Sadie damages if they decide to sue them.
D) will not likely have to pay Nolan and Sadie damages if they decide to sue them.
Answer:
C. Will likely have to pay Nolan and Sadie damages if they decide to sue them.
Explanation:
Since Nolan and Sadie has agreement with Green Goddess to maintain the landscape and they are paying them $200 for this service. Green lawn has not given them any notice about the leaves so this comes under the breach of contract terms. The company will be liable to pay Nolan and Sadie if they decide to sue them.
Crane Company purchases equipment for $2740 and supplies for $510 from Wildhorse Co. for $3250 cash. The entry for this transaction will include a debit to Equipment $2740 and a debit to Supplies Expense $510 for Wildhorse. credit to Accounts Payable for Crane. debit to Equipment $2740 and a debit to Supplies $510 for Crane. credit to Cash for Wildhorse.
Answer:
Date Account Title Debit Credit
XX-XX-XX Equipment $2,760
Supplies $ 500
Cash $3,250
Morwenna, Inc. reports the following information for August: Sales Revenue $900,000 Variable Cost of Goods Sold 120,000 Fixed Cost of Goods Sold 60,000 Variable Selling and Administrative Costs 150,000 Fixed Selling and Administrative Costs 50,000 Calculate the operating income for August using absorption costing.
Answer:
Net operating income= $520,000
Explanation:
First, we need to calculate the gross profit:
Gross profit= sales revenue - total cost of goods sold
Gross profit= 900,000 - 120,000 - 60,000
Gross profit= 720,000
Now, the net operating income:
Net operating income= gross profit - total Selling and Administrative Costs
Net operating income= 720,000 - 150,000 - 50,000
Net operating income= $520,000
What does a speech-language pathologist do?
Answer:
work to prevent, assess, diagnose, treat, and help to prevent communication and swallowing disorders in children and adults.
.
Explanation:
Today's most successful companies are including _____ directly in the product and service development process.
Answer:
Today's most successful companies are including customers directly in the product and service development process.
Q. Compared with other investment asset classes, an investment in real estate is least likely to be characterized by:
Answer:
i really dont know/////////////////////////////////////////////////
Explanation:
You are obligated to do anything you can to lawfully win an advantage for your buyer. This is an example of which fiduciary duty
Answer:
Loyalty
Explanation:
Fiduciary responsibility is a form of obligation one owes another.
A fiduciary duty refers to when a person or entity places trust, confidence, and reliance on another to exercise expertise in acting on the client's behalf.
The fiduciary(the person who has the dity) must willingly accept that trust and confidence. He must always act in the interest of the beneficiary.
Fiduciary responsibilities:
1. The duty of care
2. The duty of loyalty
3. The duty of obedience
Martina arrives for her first day at a new job. The hiring manager, Francisco, takes her on a tour of the building, introducing her to her new co-workers and showing her where the kitchen, meeting rooms, and her cubicle are located. After the tour, Francisco leaves Martina in her cubicle with the company's employee handbook, so she can read about the organization's policies and benefits. All these activities are part of
Answer:
orientation
Explanation:
All of these activities are part of orientation. This is the first thing that new employees have to go through after they are hired, when they start their first day on the job. In orientation, someone from the company takes you around the workspace and introduces you to the people that you will be working with as well as gives you a tour of the building. They also explain to you all the important details regarding the company and the position that you were hired to fill. This includes the organization's policies, benefits, precautions, etc. All of which is done so that you become familiar with how the company functions.
________ are the result of organizations' efforts to create profiles of customers so that direct marketing tools, such as e-mail and catalogs, can be directed at specific customers. Multiple Choice First-mover advantages Databases Direct order consignments Direct order fulfillments Lead generations
Answer:
Databases
Explanation:
The database is the result of the effort of an organization that could develop the customer profiles in order to have the direct marketing tools like e-mail could be directed for the particular customers
In this the customer profiles are made so that according to that it give direction to the customers in a form of email & catalogs
So, it is a database case
journal entry
sold a part of machinery costing Rs.15000 at profit Rs.5000
pplease HELP
me
Answer:
To register in a journal entry the movement for which a part of machinery costing $ 15000 at profit of $ 5000 is sold, the following accounting record must be made:
-Goods exit = - $15,000
-Cash entry = $15,000
-Profit entry = +$5,000
The ________ line is a financial analysis tool that enables you to see patterns in cash inflows and outflows. A : value B : money C : time D : trend
When the economy is working properly, what is the acceptable range of unemployment?
a 7-10%
b 12-15%
c 4-6%
d 0-3%
When a nation imports more than it exports, economists say it has which of the following?
a a trade deficit
b a balance of trade
c a national defense
d a trade surplus
A high level of energy consumption indicates
a a large labor force working mainly in subsistence agriculture.
b a high level of economic development.
c a population with a low level of education.
d a high infant mortality rate
Answer:
1. c
2. a
3. b
Explanation:
I dont know how to explain quickly
In a ________ economy, the government is minimally involved in the functioning of the economy but does act to protect consumers and impose some regulations on the market.
Answer:
mixed
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Basically, there are four (4) main types of economy and these are;
I. Command economy.
II. Free market economy.
III. Traditional economy.
IV. Mixed economy.
A mixed economy can be defined as a type of economy in which the government of a particular country is minimally involved in the allocation and production of goods and services while protecting the interest of the consumers and regulating the market by establishing laws.
Hence, when the government is minimally involved in the economic functioning of her country but does act to protect consumer interests and impose some regulations or sanctions on the market, this is referred to as a mixed economy.
Answer:
mixed
Explanation:
In a mixed economy, the government is minimally involved in the functioning of the economy but does act to protect consumers and impose some regulations on the market.
the demand for professional education is increasing this day. put your argument to support the statement
Explanation:
I hope it helps you... and please marks me as brainliests...If a monopolist's price is $50 per unit and its marginal cost is $25, then A) to maximize profit the firm should increase output.
Answer:
a. to maximize profit the firm should decrease output
Explanation:
Options are "A. to maximize profit the firm should decrease output. B. to maximize profit the firm should increase output. C. to maximize profit the firm should continue to produce the output it is producing"
Monopoly profit maximization occurs where Marginal revenue = Marginal cost.
Here, Marginal revenue ($50) > Marginal cost ($25). So, in order to maximize profit, the firm has to decrease the output because cost is very lower and revenue is very high.
