Answer:
the allowance for doubtful account balance is $28,000
Explanation:
The computation of the allowance for doubtful account balance is given below:
Allowance for Doubtful Doubts Balance
= Beg Balance + Bad Debt Expense - Accounts written off
= $18,000 + (2% of $1,500,000) - $20,000
= $18,000 + $30,000 - $20,000
= $28,000
hence, the allowance for doubtful account balance is $28,000
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
Jen's Shampoo decides to decrease the sales price for a bottle of shampoo from $28 to $23. The variable costs decrease from $12 to $8 and the total fixed costs decrease from $30,000 to $18,000. The changes result in the number of units sold declining from 4,375 to 4,300 units. If net income was originally $40,000, how much will net income increase or decrease
Answer:
it increases by 6,500
Explanation:
When cost systems were developed in the 1800's, most companies ______. Multiple select question. produced a small number of similar products focused on simplicity assigned overhead based on machine hours believed there was little correlation between labor hours and overhead
Answer:
believed there was little correlation between labor hours and overhead
Explanation:
When cost systems were developed in the 1800's, most companies used a blanket overhead or a plant wide rate to allocate the overheads. They believed there was little correlation between labor hours and overhead.
How do debt repayment and structural adjustment terms hamper economic development? A. Only wealthy nations need to repay their debts, so it slows their progress. B. This is no longer a problem because debt repayment was completely erased after World War II. C. Both measures rob a developing nation of money it could use to invest in social welfare improvements. D. They always penalize highly developed nations rather than underdeveloped ones. Please select the best answer from the choices provided. A B C D
Answer:
c
Explanation:
A company's vertical scope refers to Multiple choice question. the various products and services that the company offers. the extent to which the company participates in the industry value chain, from raw material extraction to end-user sales. the extent to which the company participates in strategic alliances with other firms. the various offensive strategies that the company can employ.
Answer:
the extent to which the company participates in the industry value chain, from raw material extraction to end-user sales.
Explanation:
An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.
Basically, the organizational structure comprises of three (3) main dimensions and these are;
I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).
II. The horizontal dimension: this divides the organization into subunits.
III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.
In this context, the vertical scope of an organization or company refers to the extent to which the company participates in the industry value chain, from raw material extraction to end-user sales. Thus, it typically involves two (2) companies at different stages of the supply chain coming together to join forces and form a company.
When managers analyze a wide variety of internal and external performance metrics in order to set financial and strategic goals, they often turn to a framework known as ______.
Answer:
balance scorecard
Explanation:
A balanced scorecard is a performance metric that are applied for identifying, improvement and the control of the different functions and results of an organization. It mainly deals with the learning & growth, processes of the business, customers and the finance
Also at the same time it analyzes the internal and external performance so that the financial and strategic goals could be set out
__________ is a cornerstone in the protection of information assets and in the prevention of financial loss.
Answer:
Separation of duties.
Explanation:
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
One of the essential characteristics of internal control is the principle of establishing responsibility such as assigning responsibility to specific individuals. An internal control is considered to be most effective when an individual is solely responsible for a specific accounting task.
Hence, the principle of establishing responsibility include the following;
I. Only one person or an individual is being responsible for a task.
II. An individual is solely responsible for the authorization of transactions.
III. An individual is solely responsible for the approval of transactions.
Separation of duties is a cornerstone used as an internal control measure for the protection of information assets and in the prevention of financial loss.
According to the separation of duties, an employee such as an accountant who opens a bank statement should not be the same person that is saddled with the responsibility of reconciling cash inflow and outflow.
Mae and Joe form a partnership. Mae contributes $3,000 in cash, and Joe contributes his services. Throughout the life of the partnership, Mae also lends the partnership $1,000. Upon dissolution of the partnership, $2,500 is left in the partnership assets after all outside creditors have been paid. Absent a partnership agreement to the contrary, how should the partnership assets be distributed
Answer:
The partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.
Explanation:
Since Mae and Joe form a partnership, and Mae contributes $ 3,000 in cash, and Joe contributes his services, and throughout the life of the partnership, Mae also lends the partnership $ 1,000, and upon dissolution of the partnership, $ 2,500 is left in the partnership. assets after all outside creditors have been paid, absent a partnership agreement to the contrary, to determine how the partnership assets should be distributed the following calculation must be performed:
Joe = 3000
Mae = 1000
Joe 3: 1 Mae
2500/4 x 3 = Joe = 1875
2500/4 = Mae = 625
Therefore, the partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.
Companies that operate in a ___________________ environment have the lowest amount of environmental uncertainty as illustrated in the environmental uncertainty matrix.
Answer:
Simple, stable
Explanation:
External environment
This is commonly known and includes factors, forces, outcomes, situations, and events outside an organization that influences or affect its performance.
The components of external environment includes: economic, demographic, technological, sociocultural, political/legal, global etc.
Stable-simple environment
This environment is said to be very stable and also predictable. The Few components are sort of similar and remain the same. And it requires little need for sophisticated knowledge of components.
There are three types of workflows you can create in HubSpot. What are they? Start from scratch, Center on a sales date, and Center on a date property Start from scratch, Center on a marketing date, and Center on a date property Start from scratch, Center on a date, and Center on a date property Start from a contact property, Center on a date, and Center on a date property
Answer:
The three types of workflows you can create in HubSpot are:
Start from scratch Center on a date Center on a date propertyExplanation:
In Hubspot, you create workflows using any of the three methods indicated above.
1. For Start from Scratch workflow types, the activity associated with a workflow is dependent on when the contacts are entered into the workflow.
An example of a Starch from Scratch workflow is:
Sending an email after new contacts submit an inquiry form in order to follow up.
2. For Center on a date, all workflow actions are related to a specific calendar date that is fixed.
An example could be sending our season's greetings to all the client's contacts.
3. For Center on a date property
An example is sending reminder emails based on a contact's training date.
This method relates to workflow actions that are dependent on the nature of the property of the date relating to a contact.
Cheers
There are three types of workflows that can be created in the HubSpot. They are 1. Start from scratch, 2. center on a date ad 3. center on a date property. So, the correct option matching the query is C.
The workflows in hubspot are very easy and are able to be performed in a synchronized manner and by the way of set standard procedure on the hubspot website.
HubSpot is a website that works in the marketing field using the internet and email applications and integrates the user interface with the user-based history for triggering relevant matches.Using of this workflow in the HubSpot can help in reducing the possibility of error in marketing. Advertisements can hamper the user experience only with a good interface.Workflow is basically a term relating to the marketing field where the complete process is automatic and based on computer and artificial intelligence applications to trigger correct emails.Hence, the correct option of three types of workflows in HubSpot is C- Start from the scratch, center on a date, center on a date property.
To know more about workflow, click on the link below.
https://brainly.com/question/1264817
Rudy Company reports gross sales revenue of $5.2 million, net sales revenue of $5 million, and cost of goods sold of $3 million. Rounding to the nearest percent, the company's gross profit ratio would be
Answer:
40 %
Explanation:
Gross Profit ratio = Gross Profit / Net Sales x 100
where,
Gross Profit = Net Sales - Cost of Sales
= $2 million
thus,
Gross Profit ratio = $2 million/ $5 million x 100
= 40 %
The company's gross profit ratio would be 40 %
_______________ target ultimate consumers while _______________ target members of the marketing channel.
Answer:
b
Explanation:
bc
Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $55,000 and at the end of the month was $30,300. The cost of goods manufactured for the month was $213,500. The actual manufacturing overhead cost incurred was $55,900 and the manufacturing overhead cost applied to Work in Process was $59,200. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is:
Answer:
234,900
Explanation:
Calculation to determine what The adjusted cost of goods sold that would appear on the income statement for November is:
First step is calculate the Over applied overhead
Over applied overhead = $59,200-$55,900
Over applied overhead = 3300
Second step is calculate the Unadjusted cost of goods sold
Unadjusted cost of goods sold = 55000+$213,500-30,300
Unadjusted cost of goods sold= 238,200
Now let determine the Adjusted cost of goods sold
Adjusted cost of goods sold = $238,200-3300
Adjusted cost of goods sold= 234,900
Therefore The adjusted cost of goods sold that would appear on the income statement for November is:234,900
rey Wolf, Inc., has current assets of $2,360, net fixed assets of $11,200, current liabilities of $1,445, and long-term debt of $4,170. a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Answer:
A. $7,945
B. $915
Explanation:
a. Calculation to determine the value of the shareholders' equity account for this firm
Using this formula
Owners' equity = Total liabilities and owners' equity − Current liabilities − Long-term debt
Let plug in the formula
Owners' equity = $13,560 − 1,445 − 4,170
Owners' equity = $7,945
Therefore the value of the shareholders' equity account for this firm is $7,945
b. Calculation to determine How much is the company's net working capital
Using this formula
Net working capital = Current assets − Current liabilities
Let plug in the formula
Net working capital = $2,360 − 1,445
Net working capital = $915
Therefore the company's net working capital is $915
True or False: Timothy, Jude, and Eric are working in the marketing department of a multinational corporation. They each have similar backgrounds and experience and are thinking about leaving their current company to start their own business. Successful entrepreneurial teams are comprised of these types of people because similarities in knowledge and skill ensure harmony and consistency in their new business.
I guess answer is true may be
Answer:
TRUE
Explanation:
Swifty Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value basis in valuing inventories. Product Cost Net realizable value A $112000 $122000 B 84000 76000 C 153000 156000 If Swifty applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $354,000. $362,000. $341,000. $349,000.
Answer:
$341,000
Explanation:
Calculation to determine what the value of the inventory reported on the balance sheet would be
Inventory value=$112000+ 76000+153000
Inventory value=$341,000
Therefore If Swifty applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $341,000
define business systems
Answer:
In business terminology, a business system refers to the value-added chain, which describes the value-added process, meaning the supply of goods and services. A business can span one or several business systems. Each business system, in itself, generates economic benefit.hope it helps.stay safe healthy and happy...A cost that remains fixed over limited ranges of volumes but changes by a lump sum when volume changes occur outside these limited ranges is called a _____ cost. multiple choice fixed variable mixed step-wise curvilinear
Answer:
Variable cost
Explanation:
because sometimes companies set fixed price to other product
Answer:
Stepwise
Explanation:
The correct choice is stepwise cost.
"Cory is a salesperson at Bayray Technologies, a company that manufactures laptops and cameras. During a sales presentation for the company's new camera, he states, "Cameras produced by us have the same resolution as the cameras produced by ClarityO, the world's number one camera manufacturer, but at a cheaper price." In this scenario, Cory is using a(n) _____ to describe the product."
Answer:
comparison
Explanation:
Since cory is a sales person at bayray technologies and at the time of sales presentation he stated that the camera resolution of our company should be similar with the Clarity O company but the price are cheaper so here cory is doing the comparison of cameras between his company and with the other company to capture the market share by telling the advantages of his company product
If price was $1.40 per gallon and increased to $2.00 per gallon, how does quantity of gasoline demanded change
Answer:
Demand decreases.
Explanation:
The demand decreases because the price increase would cause drivers to travel less, meaning that gasoline sales would go down.
A corporation that owns brands that offer clothing at different prices is ___________ its brands at different pricing levels.
Answer:
promoting
Explanation:
There are two types of customers in market. Bullish customers prefer to pay high amount for product just for brand name and Bearish customers prefer to get lowest possible quote for a product. It is business strategy to promote their product to both the customers.
Suppose that Dr. Reilly owns a medical clinic and he enters into a contract to buy 500 tablets of Gensol from Pharzime. The Gensol that he orders are 200 milligrams each. The Gensol that is delivered however are 100 milligrams each. Decide.
Answer: See explanation
Explanation:
Based on the information given, it can be infered that the goods are nonconforming due to the perfect tender rule.
According to the perfect tender rule, a buyer can reject goods that are deliveres to him or her tender of the goods from the seller isn't perfect. Since the Gensol that he orders are 200 milligrams each while the one delivered are 100 milligrams each, then they aren't perfect.
Therefore, the clinic can reject the shipment, or keep some and reject others if it wants to.
Why would a producer conduct a marginal analysis?
A. To understand the type of taxes paid on a good or service
B. To determine whether a price increase will change what a
consumer will buy
C. To predict the amount of environmental pollution caused by a
manufacturer
D. To suggest a way to package a product so that it causes less
pollution
E
Answer:
B to determine whether a price increase
Explanation:
cuz I said
In California, an organization that can raise unlimited sums of money from corporations, unions, associations, and individuals and then spend unlimited sums to overtly work for or against a candidate is called a(n) Group of answer choices
Answer:
Political party.
Explanation:
Democracy can be defined as a government of the people, by the people and for the people.
There are two (2) main types of democracy and these include;
I. Representative democracy: it's also known as indirect democracy and can be defined as a form of government which typically involves the process of having the citizens of a particular country vote to elect representatives (political leaders) to enact laws, create policies and make decisions on their behalf.
II. Direct democracy: it can be defined as a process which typically involves the candidates voting for their preferred choice. Thus, their choices are reflected directly on the subject matter.
In California, a political party refers to an organization that is capable of raising an unlimited amount of money from corporations, unions, associations, businesses, and individuals in order to spend these sums of money to overtly work for its preferred candidate (flagbeaer) or against a candidate belonging to an opposition party.
Some examples of political party in the United States of America are Republican party (Grand old party), Democratic party, Labour party, Green party, etc.
In conclusion, a political party is an organization of people sharing similar political ideologies that provides a platform for a chosen candidate to run as its sole candidate in an election.
Select the correct answer.
A household detergents company introduces a new product in the market. It hires several salespeople to make door-to-door sales for the first three months. The salespeople have to gather certain information about customers during their sales trips. For one such salesperson, a customer is not willing to share details related to his experience with competitor products. In such a case, what should the salesperson do?
A.
refer the case to another colleague who is expert in extracting details out of such customers
B.
forcibly try to get the details out of the customer
C.
respect the customer’s privacy and not ask any further questions
D.
tempt the customer with discounts on the current product if he shares his details
Answer: C. respect the customer’s privacy and not ask any further questions.
Explanation:
Since the customer is not willing to share details related to his experience with competitor products, the best thing to do in this case is to respect the customer’s privacy and not ask any further questions.
It's good to respect the privacy of people if they are not willing and ready to give out certain information. In this case, it should be noted that forcibly trying to get the details out of the customer isn't ideal.
Likewise, referring the customer to someone more experienced isn't necessary in thus regard since the customer isn't willing to share any information.
Therefore, the correct option is C.
Answer:
C
Explanation:
You should respect the customers privacy because they are not doing anything sketchy. They are just choosing not to share their thoughts.
5. Give an example of 'Post Purchase Behavior being important in the buying
process of an individual buyer.
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
This would be my example of Post Purchase Behavior being important in the buying process of an individual buyer.
When an individual buys a car, the seller usually shows a great attitude to take care of the client, he continually answers questions and facilitates the process. But the deal is done, it seems that the salesman and the company automatically disappear.
Post Purchase Behavior is important in the buying process of an individual buyer because it really shows the interest and the willingness of the company to take care of their clients. Here is when the salesman or the customer care agent follows up and offers the client a series of services or options to make the client feel comfortable and assure him that he did the best purchase.
The customer care agent can frequently call the client or contact him through email, to ask about how he feels with his new car, if he has encountered any problems if the company can be of help, maybe offering the client a "thank you gift" to create a loyalty bond, and more.
After managers have implemented a decision, they must determine whether it has accomplished the desired result, this is called ______.
Answer:
monitoring
Explanation:
Monitoring is an essential step in tracking the results of an organizational operation. When a decision is implemented in a company, it must be monitored through a systematic collection of data and information that allow the manager to analyze whether the decision is in accordance with the plan, whether the progress is being effective and whether the results are compatible with the planned, being able to make changes to the project if necessary, eliminate bottlenecks and continuously improve organizational operations, achieving greater quality and effectiveness.
A project is expected to generate annual revenues of $129,300, with variable costs of $72,400, and fixed costs of $18,900. The annual depreciation is $4,950 and the tax rate is 21 percent. What is the annual operating cash flow
Answer:
$42,950
Explanation:
Data and Calculations
Revenue $129,300
Less variable costs ($72,400)
Less fixed costs ($18,900)
add depreciation $4,950
Operating Cash flow $42,950
Thus
The annual operating cash flow $42,950.
Harold is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's success. As an attempt to dissuade Harold from complete cessation of work, the management of TickTock Watches provided Harold with reduced working hours and offered him the role of a mentor. In this scenario, the arrangement offered to Harold by TickTock Watches is _____. Group of answer choices phased retirement early retirement bridge retirement voluntary retirement
Answer:
phased retirement
Explanation:
From the question, we are informed about Harold who is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's success. As an attempt to dissuade Harold from complete cessation of work, the management of TickTock Watches provided Harold with reduced working hours and offered him the role of a mentor. In this scenario, the arrangement offered to Harold by TickTock Watches is phased retirement. Phased retirement can be regarded as range of employment arrangements that is been put in place, to give room to an employees that are already approaching retirement age so they can continue working in the firm with a reduced workload, so that t the end of the day they can experience a transition from full-time work into what is called full-time retirement. Phased retirement encompass pre-retirement as well as gradual reduction in work hours , it also contains post-retirement as regards pensioners that has wish to remain employed.
Knowledge Check 01 Cost-volume-profit analysis is used to predict how changes in _____ levels affect profit. multiple choice fixed and variable production and sales costs and sales sales and production
Answer:
High
Explanation:
because the change of volume profit is always increase.
