Allowance for Doubtful Accounts, showed a credit balance of $950 on January 1, 2004. During the year, the company wrote off $3,200 of uncollectible accounts, and reinstated $1,300 of previously written off accounts. The Dec 31, 2004 balance of Accounts Receivable is $97,500, and 6% of outstanding accounts receivable are assumed to be uncollectible. What will be the company's Bad Debts Expense for 2004

Answer:

you add 1,600,000 + 1,100,000=2,700,000 - 100,000=2,600,000+925,000=                  your finally answer is 3,525,000

Explanation:

Answer:

3,525,000

Hope this helps! Good luck! :)

Esteban employs the total quality management (TQM) approach in this scenario by utilizing poka-yokes.

Total quality management (TQM) is the continuous process of detecting and reducing or eliminating manufacturing errors, streamlining supply chain management, improving the customer experience, and ensuring that employees are properly trained.

Total quality management seeks to hold all parties involved in the manufacturing process accountable for the overall quality of the final product or service.

What is the Purpose of Total Quality Management?

TQM oversees all activities and tasks required to maintain a desired level of excellence within a business and its operations. This includes establishing a quality policy, developing and implementing quality planning and assurance, as well as quality control and quality improvement measures.

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If the number of memberships at the local gym increased from 400 to 500 when the membership price fell from $48 to $40 per month, the absolute value of the price elasticity of demand coefficient, rounded to one decimal place, is: 1.2. Thus, option (a) is correct.

Membership increased from 400 to 500 and prices decrease from $48 to $40.

Q1 = 400

Q2 = 500

P1 = $48

P2 = $40

Elasticity = \(\frac{\frac{\frac{Q2 - Q1}{Q2 + Q1}}{2} \\}{\frac{\frac{P2 -P1 }{P2 + P1} }{2} \\}\)

Elasticity =  \(\frac{\frac{\frac{500 - 400}{500 + 400}}{2} \\}{\frac{\frac{40 - 48 }{40 + 48} }{2} \\}\)

Elasticity = \(\frac{100}{450} \\\frac{-8}{44}\)

Elasticity = \(\frac{0.22}{0.18}\)

Elasticity = 1.2

The price elasticity of demand mensurate the sensitivity of quantity demanded to modifications in price.

As a result, the significance of the absolute value of the price elasticity of demand coefficient, rounded to one decimal place are the aforementioned. Therefore, option (a) is correct.

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Your question is incomplete, but most probably the full question was.

If the number of memberships at the local gym increased from 400 to 500 when the membership price fell from $48 to $40 per month, the absolute value of the price elasticity of demand coefficient, rounded to one decimal place, is:

a 1.2.

b 0.25.

c. 0.8.

d. 12.5.

If Janet purchased her personal residence in 2011 for $250,000. In January 2021, she converted it to rental property. The amount of cost recovery that can be taken in 2021 is  $7,318.50 and the amount of cost recovery that could be taken in 2021  is $8,712.50.

In order to determine the cost recovery we have to  choose the amount that is lower between the  depreciable basis of the fair market value  or cost at the date of conversion.

The amount that is lower is the cost at the date of conversion of the amount of $210,000 and this amount is depreciated based on a 27.5 year mid month method.

Hence,

a. Amount of recovery :

Amount of recovery = $210,000 × 0.03485

Amount of recovery = $7,318.50

b. Amount of recovery

Amount of recovery = $250,000 × 0.03485

Amount of recovery = $8,712.50

Therefore the cost recovery is $7,318.50 and $8,712.50.

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The three details which Dawn should include on the label for retail sale at the store include the following:

A product label can be defined as a paper document that is designed and developed to provide specific information about the chemical elements, ingredient list, nutrients, storage guidelines, and other chemical compounds that are present in a product and its general use or function, including storage guidelines.

This ultimately implies that, a product label is a paper document which must be used by manufactures and store managers to specify the nutrients, ingredient list, chemical elements, storage guidelines, expiry date, and other compounds that were used to make a particular product.

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Answer:

Market

Explanation:

A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1  Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.

~Hope this helps

The lack of a complete understanding of the target market can make it difficult to combine the four Ps into a suitable marketing mix is true about the marketing strategy planning trends.

This is referred to as the process in which products or services are sold and promoted through the use of market research and advertising and it helps to promote more sales and profit.

The lack of a complete understanding of the target market can make it difficult to combine the four Ps which are known as product, price, place, and promotion to a suitable marketing mix thereby making it the correct choice.

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International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.

In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.

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Answer:

C expense meaning cost money

Answer: C

Explanation:

just took test

Answer:

20m/s due east

Explanation:

Given parameters:

Displacement  = 180m due east

Time taken = 9s

Unknown:

Average velocity of the truck  = ?

Solution:

The average velocity is the displacement divided by the time taken;

   Average velocity  = \(\frac{displacement}{time}\)  

Insert the parameters and solve;

 Average velocity = \(\frac{180}{9}\)   = 20m/s due east

\(\mathrm {Hey, there!}\)

Let's solve your problem:

20 m/s due east is your answer.

For this question, we will use the displacement method.

The displacement method states:

You divide the larger number by the smaller number.

--- \(\mathrm {Equation}\) - \(\mathrm {180m / 9.0 = 20.0}\)

Government ownership of most property resources is not a typical characteristic of a market system. Thus, option 'C' is the correct option.

A market system is any organized procedure that enables several market participants to supply and demand, facilitating communication and transaction between buyers and sellers. It is not simply the pricing mechanism surrounding it and enabling it to function in a social context; it is also the full system of regulation, certification, credentials, and clearing.

Some writers particularly allude to the free market system when they use the phrase "market system." Voting systems are distinct from market systems. Politicians seek voter support less frequently in a voting system, but in a market system, buyers and sellers are continuously active and unequally empowered.

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The investor collect $30 for one year, $900 at the end of 30 years.

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The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.

The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:

Importance of Financial Statements - Preparation of Historic Financial Statements:

Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.

Forecasts - Preparation of Forecasts:

Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.

Budgets - Preparation of Pro Forma Financial Statements:

Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.

Financial Ratios - Ongoing Analysis of Financial Results:

Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.

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Answer:

90.95% (if you need to round it up, then its 91%)

Explanation:

7% of 85% is 5.95%. You add that to the 85%, and you get 90.95%! :]

Hope this helped!! :]

Answer:

c. assets, retained earnings, and net income all overstated by $37,729.

Explanation:

since the ending inventory was overstated by $222,138 - $184,409 = $37,729, it means that cost of goods sold was understated by that same amount. Since COGS were less, that resulted in higher operating income and net income.

Merchandise inventory will be overstated by $37,729 (current asset), while retained earnings will also be overstated by $37,729 since net income increases retained earnings.

Answer:

New Zealand

I hope this helps :)

Answer:

flat money

Explanation:

Answer:

B. Family members can spend more time outside exercising

Explanation:

This has nothing to do with household responsibilities

There are two main types of budgets: operational budgets and financial budgets.

Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.

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Answer:

Debit cards reduce the need to carry cash or physical cheques while making transactions and may also be used to withdraw cash from ATMs. Debit cards typically have daily purchase restrictions, so making a very big purchase using a debit card may be impossible.

Explanation:

Branliest pls

Answer:

A

Explanation:

A debit card is usually a rectangular piece of plastic, resembling any charge card. It is linked to the user's checking account at a bank or credit union. The amount of money that can be spent with it is tied to the account size (the amount of funds in the account).

Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.

The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:

Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.

Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.

Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.

Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.

Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.

This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.

Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.

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Substantive procedures describes procedures designed to detect material misstatements in accounts. Thus, option A is correct.

The goal of substantive procedures is to produce data that an auditor can use to demonstrate there are no material misstatements regarding the accuracy, completeness, and reliability of an entity's financial records. An auditor thus conducts substantive procedures to identify any material misstatements in accounting transactions. Significant procedures fall under the following broad categories of work:

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The inventory turnover for the given year is 3.33, calculated by dividing the cost of goods sold by the average inventory of R1200.

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The similarity between a production orientation and a sales orientation is that both lack an understanding of the needs and wants of the marketplace.

This orientated organisation operates a mass production model and streamlines this production process for its product offering, that is, the orientation approach assumes that its customers value price and focuses on lowering production costs to meet such price needs of this customer base.

It is business model that is focused on making the best product and services without considering customer's wants or needs, this orientation approach uses aggressive, outbound sales tactics and marketing promotions to drive revenue.

Therefore, the similarity between a production orientation and a sales orientation is that both lack an understanding of the needs and wants of the marketplace.

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In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.

In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.

As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.

In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.

As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.

Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.

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Answer:

B. Matching Type. Match Column B with Column A

1. Safety equipment ⇒ C. Must be worn.

2. Danger signs ⇒ D. Inflammable

3. Safety information ⇒ E. Warning Do not touch.

4. Caution signs ⇒ B. No Smoking

5. Serious injuries ⇒ A. First Aid

Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.

Volatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.

Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.

To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.

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Answer:

b. $0.6

Explanation:

Net income. $1,000

Add: Increase in net income if converted

[10,000 * 4% ( 1 - 50% )] $200

(a) Earnings available to equity share holders ($1,000 + $200). $1,200

(b) Number of shares outstanding

1,000 common shares + 1,000 potential shares = 2,000 shares outstanding

(a/b) Diluted earnings per share

1,200 ÷ 2,000 $0.6