a) The amount of the adjusting entry for bad debt expense is $16,895.
b) The adjusted balances of the following are:
Accounts receivable = $828,392Allowance for doubtful accounts = $22,448Bad debt expense = $16,895.c) the net realizable value of accounts receivable is $828,392.
How the adjusting entry for bad debt expense is determined:The adjusting entry for bad debt expense is debited to the bad debt expense account and credited to the allowance for doubtful accounts.
It may be directly derived, as in this instance. In other instances, the adjusting entry for bad debt expense is the difference between the current balance and the previous balance of the allowance for doubtful accounts.
End of Current Year Balances:Accounts receivable = $850,840
Allowance for doubtful accounts = $5,553 (credit)
Sales for the year = $3,379,000
Bad debt expense = 1/2 of 1% of net sales
= 0.5% of $3,379,000
= $16,895
Adjusted Balances:Accounts receivable = $828,392 ($850,840 - $22,448)
Allowance for doubtful accounts = $22,448 ($5,553 + $16,895)
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which of the following statements is true of a conglomerate investment? multiple choice it runs the risk of being taken over by the government because it is export-oriented. it is typically made with an eye toward satisfying the host country's market demands. it includes the production of raw materials or intermediate goods that are to be processed into final products. it is a type of high-risk investment in which goods or services produced are different from those produced at home.
A conglomerate investment is a type of high-risk investment in which goods or services produced are different from those produced at home.
It includes the production of raw materials or intermediate goods that are to be processed into final products. This type of investment is typically made with an eye toward satisfying the host country's market demands, as it allows for diversification and reduces dependence on a single market or product.
However, it also runs the risk of being taken over by the government, especially if it is export-oriented. Therefore, it is important for investors to carefully assess the political and economic risks of investing in a conglomerate, and to have a detailed understanding of the market dynamics and regulatory environment in the host country.
Overall, a conglomerate investment can offer significant rewards but also carries significant risks, and investors should conduct thorough due diligence before making any investment decisions.
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true or false
You should prioritize goals by putting them in order of importance
Answer:
true
Explanation:
because thats what you should do
Which of the following statements about a strong-culture company is false?
A) Decisive leadership on the part of top
executives, an industry-leading market share, and strict enforcement of long-standing company policies are all important traits of a strong culture company.
B) In strong culture companies, senior managers make a point of reiterating key principles and core values to organization members; more importantly, they make a conscious effort to display these principles and values in their own actions and behavior—they walk the talk.
C) Continuity of leadership, small group size, stable group membership, geographic concentration, and considerable organizational success all contribute to the emergence and sustainability of a strong culture.
D) In a strong-culture company, culturally-approved behaviors and ways of doing things are nurtured while culturally-disapproved behaviors and work practices get squashed.
E) Senior managers insist that company values and business principles be reflected in the decisions and actions taken by all company personnel; moreover, individuals encounter strong peer pressures from
co-workers to observe culturally-approved norms and behaviors.
Answer:
A. Decisive leadership on the part of top executives, an industry-leading market share, and strict enforcement of long-standing company policies are all important traits of a strong culture
Explanation:
Option A is the correct answer to this question.
The company's culture are the beliefs that it holds which influences every area of a business. When starting a business or running an existing one, you company's culture that is essential to the overall success and growth of your company. Strong company cultures are result oriented
Create one sentence summarizing what you have read. You must keep your sentence to 20
words or less. You may take more than one try to get to twenty
A sentence that can summarize what I have read is: "Understanding people's perspectives requires a broad-minded attitude, which appears rare in the modern days."
What does individual perspective mean?Individual perspective means the mental state whereby available facts and personal ideas describing human behavior are combined to form opinions or viewpoints.
In life, individual perspective describes the way people:
Understand lifeApproach life issues Apply personal experiences.Thus, a sentence that can summarize what I have read is: "Understanding people's perspectives requires a broad-minded attitude, which appears rare in the modern days."
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Imagine you buy five burgers, two books, and a pair of jeans each period. In period 1,
burgers are $5, books are $12, and jeans are $30. In period 2, burgers are $6, books are
$14, and jeans are $28. What is the CPI based on your consumption?
Answer:
To find the answer, we use the Consumer Price Index (CPI) formula:
CPI = ( Cost of Market Basket in a Given Year / Cost of Market Basket in Base Year ) * 100
In this case, we will assume that the base year is period 1, and the given year is obviously period two.
Now, we simply plug the amounts into the formula:
CPI = ( 6 + 14 + 28 / 5 + 12 + 30 ) * 100
CPI = ( 48 / 47 ) * 100
CPI = 102.13
In other words, the inflation rate for this CPI was 2.13%
T/F: Promoters, not incorporators, must execute the articles of incorporation.
Promoters are the individuals or entities who take the necessary steps to form a corporation, such as identifying the business opportunity, obtaining financing, and preparing the necessary documents to incorporate. Once the promoters have completed the necessary steps, they can then file the articles of incorporation with the appropriate state authority.
The articles of incorporation must be executed by the promoters, not the incorporators, who are typically appointed by the corporation's board of directors after the incorporation process is complete. Incorporators are individuals or entities who are designated to act on behalf of the corporation after it has been formed. They are responsible for holding the initial organizational meeting, adopting bylaws, and electing the corporation's initial board of directors. In contrast, promoters are the individuals or entities who take the initial steps to form the corporation. This may involve identifying a business opportunity, securing financing, and preparing the necessary legal documents.
The articles of incorporation are a legal document that sets out the basic structure of the corporation, including its name, purpose, duration, and the number and type of shares of stock that it is authorized to issue. The articles of incorporation must be executed by the promoters, not the incorporators. This is because the promoters are the ones who take the initial steps to form the corporation, and they are responsible for ensuring that the corporation is properly formed and that the necessary legal documents are filed. Once the corporation has been formed and the articles of incorporation have been executed, the incorporators can then take over and begin the process of organizing and operating the corporation.
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FILL IN THE BLANK. a consumer received a $2,500 bonus from his employer. if his mps is 0.20, his consumption rises by $___and his saving rises by $___.
A consumer received a $2,500 bonus from his employer. if his MP is 0.20, his consumption rises by $2,500, and his saving rises by $200.
A consumer is someone or a set who intends to reserve or uses purchased items, merchandise, or offerings frequently for private, social, circle of relatives, household, and similar desires, who is not at once associated with entrepreneurial or commercial enterprise sports. The term most typically refers to a person who purchases goods and offerings for private use.
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sectoral shifts: group of answer choices depend on the level of the minimum wage. explain the payment of efficiency wages. depend on the level of the unemployment benefit level. make frictional employment inevitable.
Sectoral shifts are modifications to how demand is distributed among industries or geographical areas. Sectoral shifts make frictional unemployment inevitable.
Because their skills are no longer required or appropriate, those working in outmoded industries will not be able to find work in the rest of the economy when there are sectoral shifts. Structural unemployment results from this.
Sectoral shifts are modifications to how demand is distributed among industries or geographical areas. Sectoral transitions could result in unemployment because it takes time for workers to look for work in the new sectors.
Sectoral movements result in frictional unemployment since it takes time for people to switch industries.
Seasonal unemployment is the best way to characterize the transient unemployment brought on by such sectoral changes in the economy. Unemployment that results from a brief decline in a product's demand is known as seasonal unemployment.
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What is the difference between exempt and nonexempt jobs?
what is the formula for activity ratio
Answer:
The ratio is calculated by dividing the net sales by the working capital. The ratio helps you figure out the net annual sales generated by the average amount of working capital during a year.
Explanation:
Please mark me brainliest
Answer:
The ratio is calculated by dividing the net sales by the working capital. The ratio helps you figure out the net annual sales generated by the average amount of working capital during a year.
sally is an experienced project manager and has been overseeing the training program across her matrixed organization. she is weighing the training costs and the benefits. which is the best result-based metric to use in this scenario? answers a. employee turnover rate b. supervisor reports c. employee feedback d. test scores after training
D) test scores after training this will be the best result-based metric for sally to use in her organization.
Test scores after training can be a useful result-based metric to evaluate the effectiveness of the training program, as they provide direct and objective evidence of the learning that has taken place. By measuring the test scores of employees before and after the training, Sally can determine the extent to which the training has improved their knowledge and skills. This information can be used to evaluate the quality of the training program and to identify areas for improvement. High test scores after training can be a good indicator that the training program has been effective in helping employees acquire the knowledge and skills they need to perform their jobs more effectively.
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Which method of business integration is classified as a "holding company" of three or
more unrelated sectors of companies' stock? (Hint: we said in class that they're doing a
"stock project"...for real.)
A-horizontal
B-vertical
C-multinational
D-conglomerate
The method of business integration that is classified as a "holding company" of three or more unrelated sectors of companies' stock is
D-conglomerate.What is conglomerate?A conglomerate is a type of business that consists of a group of companies that are involved in different industries or sectors. A conglomerate may be formed by a holding company, which is a company that does not produce goods or services itself but owns other companies' stocks. The holding company exists to manage and control these companies, each of which operates independently in its respective industry.
Unlike a vertical or horizontal integration, where a company seeks to control the entire supply chain or a particular stage of production within an industry, a conglomerate is typically involved in unrelated businesses that have little or no connection with one another.
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Which of the following is a monetary policy tool used by the Federal Reserve Bank? 1) Decreasing the rate at which banks can borrow money from the Federal
The Federal Reserve bank has traditionally used three tools to conduct monetary policy: reserve requirements, the discount rate, and open market operations.
What is the Federal Reserve bank?A regional bank of a Federal Reserve Institution, the country's central banking system, is referred to as a Federal Reserve Bank. One each of the twelve Federal Reserve Districts established by the Federal Reserve Act of 1913 makes a total of twelve, or twelve.
To protect consumer credit rights and to ensure the safety, as well as the soundness of the country's banking and financial system, supervision and regulation of banks and other significant financial institutions, are necessary. keeping systemic risk that might develop in financial markets under control and preserving the financial system stability.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Robinson remodeling is a handyman business specializing in electrical and plumbing services. Mr robinson should write a position statement to help him be with more effective marketing his business. What should be included to make robinson’s remodeling statement effective?.
What must be included to make an effective position statement for Robinson Remodeling is to position itself in the homeowner market, also including on top of its thirty years of customer satisfaction in small and medium-sized residential electrical and plumbing repairs.
Relationship MarketingIt corresponds to a strategy of obtaining and retaining consumers by approaching and demonstrating the values and benefits of the company, which helps to generate positioning and competitiveness for an organization.
Therefore, it is essential that Robinson Remodeling seeks alignment with its market segmentation and consumer relationship strategy through aligned communication and focused on attesting and creating value for the consumer.
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Telling customers that they only have until midnight to get sale prices is an appeal to
A. ethos.
B. logos.
C. pathos.
D. kairos.
Answer:
D. kairos.
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to kairos.
Answer:
It's d
Explanation:
What should be included in your retirement plan?
A the amount of social security you expect to earn
B the amount of money you have in other accounts
C pension amounts from your former employers D all of the above
Answer:
A
Explanation:
because when you have social security then you are able to secure your money or pension
Answer:
A
Explanation:
because when security are around your money will safe
What are some of the steps that led to creating eHarmony?
What advantages did eHarmony have because it was not the first entrant into the online dating market space?
What disadvantages might there be as a late entrant into a market? Did eHarmony experience any or all of these? Which?
Why did Greg Forgatch believe that eHarmony’s first radio ad worked so well?
What key advertising concepts has eHarmony applied?
Answer and Explanation:
1. Eharmony was born out of Neil Clark Warren's(clinical psychologist and marriage counselor) research work on the psychology of satisfactory relationships through weighing compatibility by certain notable characteristics in individuals. It was on this basis that he set up eharmony which matches people based on principles from his research
2. Eharmony matches people using Neil's principles and this sets him apart from other dating sites
3. It worked so well because there was evidence that it Neil's matching couples model works because real couples were involved in the ad
4. Key advertising concepts was the involvement of real couples who started their relationship through eharmony showing that it actually works
determining the price of goods should be done after calculating income and expenditure ??
Answer:
False
Explanation:
There are several methods that businesses use to determine the price of goods and services. The most common one involves first calculating the cost of production or the cost of goods sold. The desired markup is added to the cost. Other methods include the break-even analysis, target prices, and going by the market rate.
In all these methods, the price is determined selling starts. It means the price is set before selling starts. Therefore, income cannot be generated before a price is determined.
Which type of business does not hold owners accountable for the debts of
the business?
OA. Sole proprietorship
OB. LLC
OC. Partnership
A
OD. Private company
Answer:
Limited Liability Company (LLC)
Explanation:
A limited Liability Company (LLC) is a business structure in the United States that protects its owners from the personal responsibility for its repayment of debts and liabilities. It is a hybrid entity that has the characteristics of a corporation, partnership and sole proprietorship. The regulation of LLC's varies from one state to another. An entity or individual can be a member of an LLC with notable exceptions from banks and insurance companies. The primary reason for registering a business under LLC is to limit the personal liability of the owners as well as the partners. LLC may have some attractive features but they also possess some great disadvantages as well. Depending upon the state law, an LLC may be dissolved upon the death or bankruptcy of a member.
What constitutes meaningful compensation for an organ donor, especially if the donor is poor and the recipient is wealthy? What examples of human organ sales can I find that match or do not match your definition of meaningful compensation? What other terms related to organ sales and donation would be suitable for an argument of definition?
Organ transplantation is a medical operation in which a body part or organ is removed from one individual (the organ donor) and implanted into another person's body (the organ recipient) who needs it. Organ donors can donate their organs willingly, but they must be compensated appropriately.
However, what constitutes meaningful compensation for organ donors, particularly if the donor is poor and the recipient is wealthy?
Organ donors are not typically compensated for their donation of organs. However, some countries provide some form of compensation for organ donation. Compensation may take various forms, including cash payments, tax deductions, priority access to organs for their family members if required, or other incentives.
In contrast, others believe that if someone is donating an organ, they should be compensated. The purchase and sale of human organs is illegal in many countries, and the transaction of selling an organ for money is often referred to as organ trafficking. However, there are situations where donors may receive compensation for organ donation. Some examples include:
Compensated donation:
In some countries, compensated organ donation is legal and ethical. In Iran, for example, living donors are compensated for donating a kidney to someone who needs one, and the government regulates this program to ensure that donors receive reasonable compensation.India and Pakistan are two other countries where the sale of human organs is permitted, and poor people sell their organs to wealthier individuals who need them. However, this raises ethical and legal issues related to exploitation and inequality.
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!!PLEASE!!
Based on the US ASPE chart, if you are a three-person family, what income would you need to be considered below the poverty guideline?
A) $33,000
B) 45,000
C) $22,000
D) $27,000
Option C is correct.
$22,000 income would you need.The poverty line is the money required to maintain the bare necessities of life. The poverty line is the sum of money required for a person to meet his basic needs.
What is a living wage?The money needed to maintain the bare necessities of life is considered the poverty line. A person's fundamental requirements must be met before they fall below the poverty line. It is defined as the monetary worth of the products and services required to provide a person's fundamental well-being.
What does "family income below the poverty line" mean?around 27,000 Indian rupees annually The minimum household income required to qualify for benefits from the BPL (Below Poverty Line) list, according to the Union Cabinet's approved methodology, is about Rs. 27,000 annually. If a family's yearly income exceeds Rs. 27,000, it will not be included to the BPL list for that household.
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Each display in a marketing dashboard shows a ________, which is a measure of the quantitative value or trend of a marketing action or result.
A marketing metric, a measurement of the quantitative value or trend of a marketing action or result, is shown on each display of a marketing dashboard.
A marketing dashboard is a visual representation of the most pertinent data required to monitor important marketing indicators and to accomplish one or more marketing goals. Top-level marketing reports are compiled and arranged on one page so that the data can be viewed quickly.
Marketing metrics are a quantitative performance monitoring method and an essential tool for gauging the effectiveness of marketing efforts. The most effective marketing metrics vary significantly from one campaign to the next, but they typically track how your campaign affects audience behavior.
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Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
Who has the most goals in fifa history
Answer:
Pele
explanation:
In 1.9k+ goals
Chris operates the Devil's Brew chain of coffee stands. "Devil's Brew" is a a. certification mark. b. trade name. c. service mark. d. collective mark.
Answer:
b. trade name.
Explanation:
Solve an example of each case mentioned below: Case 01: Loan amortization table. Case 02: Choose an investment based on Payback Period, Profitability Index. Case 03: Choose an investment based on NPV, IRR.
Case 01: Loan amortization table: A loan amortization table is a schedule that outlines the repayment of a loan over time, including the principal and interest payments.
Case 02: Investment decision based on Payback Period and Profitability Index: The Payback Period is the length of time it takes for an investment to recoup its initial cost. The Profitability Index (PI) measures the present value of expected cash flows relative to the initial investment. Both metrics are used to assess the profitability and risk of investment options.
Case 03: Investment decision based on Net Present Value (NPV) and Internal Rate of Return (IRR): NPV calculates the present value of cash flows associated with an investment, taking into account the time value of money. It helps determine the profitability and value creation potential of an investment. IRR, on the other hand, is the discount rate at which the NPV of an investment becomes zero. It indicates the rate of return generated by an investment.
In the case of a loan amortization table, let's consider a loan of $10,000 with an interest rate of 5% per annum and a repayment period of 5 years. By applying the amortization formula, we can calculate the monthly payment, interest, principal, and remaining balance for each period. This information is organized in a table, providing a clear picture of the loan repayment schedule.
For the investment decision based on Payback Period and Profitability Index, suppose we have two investment options: Option A requires an initial investment of $50,000 and is expected to generate annual cash flows of $10,000 for 6 years. Option B requires an initial investment of $80,000 and is expected to generate annual cash flows of $18,000 for 8 years. We calculate the Payback Period for each option to determine how long it takes to recoup the initial investment. We also calculate the Profitability Index to compare the present value of expected cash flows with the initial investment, helping us assess which investment is more financially attractive.
In the case of investment decisions based on NPV and IRR, let's consider a project with an initial investment of $100,000 and expected cash flows of $30,000 per year for 5 years. To assess the project's viability, we calculate the NPV by discounting the cash flows at a specified rate (e.g., 10% per annum). If the NPV is positive, it indicates that the project is expected to generate value. Additionally, we calculate the IRR, which is the discount rate that makes the NPV zero. If the IRR is higher than the required rate of return, the project is considered financially favorable.
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Describe ways to prepare for the future, including your career success and job security?
how would Americans cover a $400 emergency? personal finance answers
Answer: Sixty-eight percent of all adults said they would have covered the expense exclusively using cash, savings or a credit card paid off at the next statement. One in 9 even reported they wouldn't be able to cover a $400 emergency expense whatsoever
Explanation:
Maldonado Steel invested in a new project that has an internal rate of return (IRR) of 9%. They expect the project to have annual cash flows of $52,000 for six years. What were the capital expenditures for this project (the PV of an annuity for 6 periods at 9%
The capital expenditures for this project (the PV of an annuity for 6 periods at 9%
Capital costs are price range used to accumulate, upgrade, or preserve capital assets. Capital fees are contemplated inside the cash flow announcement, and can be calculated by including cutting-edge depreciation with the trade in plant, assets, and device from the previous accounting cycle.
IRR Factor = Net Initial Investment / Annual Cash Inflow
Project A : IRR Factor = 238500 / 49000 = 4.8673
In the PV annuity table for Year 7 row, we have for 10% - 4.8684 and for 11% - 4.7122. Hence the IRR would be between these number (almost 10% types) . The IRR would be = 10% + (1% - (4.8673-4.7122)/(4.8684-4.7122)) = 10.00674%
Project B : IRR Factor = 152400 / (90000-55000) = 4.3543
In the PV annuity table for Year 6 row, we have for 10% - 4.3553 and for 11% - 4.2305. Again we will use the same formula as above - IRR = 10% + (1% - (4.3543-4.2305)/(4.3553-4.2305)) = 10.00813%
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