Answers
There is not enough information or context to solve the question.
Related Questions
All of the following statements regarding valuation of receivables under U.S. GAAP and IFRS are true except:______
A. Both require the allowance method for uncollectibles unless uncollectibles are immaterial.
B. Both require that receivables be reported net of estimated collectibles.
C. Both require that the expenses for estimated collectibles be recorded in the same period revenues generated from those receivables are recorded.
D. Both allow using percent of sales, percent of receivables, or aging of receivables to estimate uncollectibles.
E. Both require that the expense related to uncollectibles be recorded when the receivable is determined to be uncollectible.
Answers
Answer:
E. Both require that the expense related to uncollectibles be recorded when the receivable is determined to be uncollectible.
Explanation:
GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globally.
Also, there are notable similarities between the U.S GAAP and IFRS, these are;
1. Both require the allowance method for uncollectibles unless uncollectibles are immaterial.
2. Both require that receivables be reported net of estimated collectibles.
3. Both require that the expenses for estimated collectibles be recorded in the same period revenues generated from those receivables are recorded.
4. Both allow using percent of sales, percent of receivables, or aging of receivables to estimate uncollectibles.
Integer userValue is read from input. Assume userValue is greater than 1000 and less than 99999. Assign hundredsDigit with userValue's hundreds place value.
Ex: If the input is 38947, then the output is:
The value in the hundreds place is: 9
Answers
A product or service's user value is the value that is met when a user interacts with it. Depending on the kind of good or service, user value components can be considered a subset of life value elements.
What do I value about my customers?The easiest way to describe customer value is to consider how much a customer values a certain good or service. The whole costs and advantages of a good or service are measured. Examples include the cost, the level of quality, and the benefits the good or service will provide for the specific customer.
What is the production of user value?It entails producing goods and services that consumers regularly find valuable from a customer perspective. These value generation processes are based on the product and innovation process.
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Learning design software, applying to college and creating a website to showcase work are examples of ______ that lead to a career as a graphic artist?
Answers
Answer:
Long term goals
Explanation:
goals are later on
Answer:
Long term goals
Explanation:
hopes this helps<3
Explain how before factors of production impact the possibilities, production crew, and a countries resources
Answers
The factors of production, namely land, labor, capital, and entrepreneurship, have a significant impact on the possibilities, production capabilities, and resource allocation within a country.
Land refers to all natural resources available, such as arable land, minerals, water, and energy sources. The abundance or scarcity of these resources determines the production possibilities of various industries. For example, a country rich in oil reserves can leverage this resource for energy production or export, thereby influencing its production capabilities and economic potential.
Labor represents the workforce available in a country. The size, skill level, and productivity of the labor force affect the capacity to produce goods and services. Adequate and skilled labor can enhance production efficiency, leading to economic growth and development.
Capital refers to the financial resources, infrastructure, and technology available for production. Access to capital and investment opportunities directly impact a country's production capacity. Well-developed infrastructure, modern technology, and ample financial resources enable efficient production processes, leading to higher output levels and economic advancement.
Entrepreneurship represents the ability to innovate, take risks, and organize the other factors of production. Entrepreneurial activity drives economic growth by identifying new opportunities, creating jobs, and introducing innovative products and services. The presence of entrepreneurial talent and supportive business environments foster economic development.
In summary, the factors of production, including land, labor, capital, and entrepreneurship, shape a country's production capabilities, resource allocation, and economic possibilities. The availability, quality, and utilization of these factors directly impact a country's economic growth, competitiveness, and overall development.
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The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Compute the following ratios for Tootsie Roll for 2017. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) enter the asset turnover rounded to 4 decimal places times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) enter the return on assets in percentages rounded to 2 decimal places % (c) Profit margin on sales (Round answer to 2 decimal place
Answers
Answer:
a. 0.557 times
b. 8.72%
c. 0.16
Explanation:
a. Asset turnover = Net sales ÷ Average total assets
We will calculate the average total asset first
Average total asset = [Beginning total assets - ending total assets)] / 2
= [(930.9 + 920.1)] / 2
= 925.5
Asset turnover = 515.7/925.5
= 0.557 times
b. Return on assets = Net income/Average total assets
= 80.7/925.5
= 0.087196
= 0.087196 × 100
= 8.72%
c. Profit margin on sales = Net income/Net sales
= 80.7/515.7
= 0.16
Introduction to Business class is to observe the use of groups in a large manufacturing business. The students notice that most groups are arranged by reporting relationships. Bill discovers a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees. Jane finds that the executives of the company have formed a team consisting of themselves, some middle managers, and a few hourly employees to work on improving work processes and efficiency within the company. This group has been in existence for 5 years and is going strong. The group of managers that Bill discovers is an example of:
A) an informal interest group
B) a formal group
C) A fun group
D) a quality group.
Answers
The correct answer is B) a formal group.
The group of managers that Bill discovers is an example of a formal group.
During their visit to a large manufacturing business, Bill discovers a formal group. It is a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees.
When we are referring to an organization, a formal group can be understood as a workgroup that is formed by design, depending on a hierarchical composition. The members of this group have specific tasks according to the work they perform in the company.
Usually, these groups are formed based on the experience of their members because they want to accomplish goals in a more effective way and to improve the decision-making process of difficult issues.
3. Mr. and Mrs. Howard want to buy a home valued at $280,000. If they have 15% of this amount saved for a down payment, how much have they saved?
Answers
Answer:
they have 42,000 saved I hope I'm right
For journal entries 1 through 12, select the letter of the explanation that most closely describes it in the space beside each entry. You can use letters more than once. To record receipt of unearned revenue. To record this period's earning of prior unearned revenue. To record payment of an accrued expense. To record receipt of an accrued revenue. To record an accrued expense. To record an accrued revenue. To record this period's use of a prepaid expense. To record payment of a prepaid expense. To record this period's depreciation expense.
Answers
Question Completion:
For each of the following entries, select the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.)
A. To record receipt of unearned revenue
B. To record this period's earning of prior unearned revenue
C. To record payment of an accrued expense
D. To record receipt of an accrued revenue
E. To record an accrued expense
F. To record an accrued revenue
G. To record this period's use of a prepaid expense
H. To record payment of a prepaid expense
I To record this period's depreciation expense
Journal Entries
Insurance Expense 1,900
Prepaid Insurance 1,900
Salaries Payable 3,900
Cash 3,900
Prepaid Rent 3,200
Cash 3,200
Salaries Expense 4,900
Salaries Payable 4,900
Interest Receivable 1,900
Interest Revenue 1,900
Cash 3,900
Accounts Receivable (from consulting) 3,900
Cash 5,900
Unearned Professional Fees 5,900
Cash 4,300
Interest Receivable 4,300
Rent Expense 8,000
Prepaid Rent 8,000
Interest Expense 6,300
Interest Payable 6,300
Depreciation Expense 1,300
Accumulated Depreciation 1,300
Unearned Professional Fees 1,900
Professional Fees Earned 1,900
Answer:
Journal Entries with appropriate descriptions:
Insurance Expense 1,900
Prepaid Insurance 1,900
G. To record this period's use of a prepaid expense
Salaries Payable 3,900
Cash 3,900
C. To record payment of an accrued expense
Prepaid Rent 3,200
Cash 3,200
H. To record payment of a prepaid expense
Salaries Expense 4,900
Salaries Payable 4,900
E. To record an accrued expense
Interest Receivable 1,900
Interest Revenue 1,900
F. To record an accrued revenue
Cash 3,900
Accounts Receivable (from consulting) 3,900
D. To record receipt of an accrued revenue
Cash 5,900
Unearned Professional Fees 5,900
A. To record receipt of unearned revenue
Cash 4,300
Interest Receivable 4,300
D. To record receipt of an accrued revenue
Rent Expense 8,000
Prepaid Rent 8,000
G. To record this period's use of a prepaid expense
Interest Expense 6,300
Interest Payable 6,300
E. To record an accrued expense
Depreciation Expense 1,300
Accumulated Depreciation 1,300
I To record this period's depreciation expense
Unearned Professional Fees 1,900
Professional Fees Earned 1,900
B. To record this period's earning of prior unearned revenue
Explanation:
Journal entries are usually recorded to adjust revenue and expenses to the accrual basis of accounting and to match expenses to the period's revenue and vice versa. Short narrations are provided after recording each transaction. The purpose is to provide some descriptions of the transaction so that it can be understood by another person reviewing the records.
10 Ways Custom Rigid Boxes Will Help You Get More Business?
Answers
Answer:
How Custom Rigid Boxes Help Your Business?It is Easy to Print Custom Boxes,Let Custom Boxes Advertise your Product,Black Rigid Boxes have Fine and Smooth Surface,White Rigid Boxes are an Emblem of Appearance and Quality,Save your Money with Wholesale Rigid Boxes,Expand the Reach of Your Product with These boxes,Protect Your Products in the Best Possible Way with These Boxes,Will make your products stand out from the competition,Eco-friendly Materials to Consider for Rigid Boxes,Rigid Packaging Box Customization is easier.
It is easier to start your own business in what economy
Answers
Answer:
New Zealand
I hope this helps :)
Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn’s house. At the end of the current period, Emma looks over her inventory and finds that she has 800 units (products) in her basement, 25 of which were damaged by water and cannot be sold. 180 units in her van, ready to deliver per a customer order, terms FOB destination. 200 units out on consignment to a friend who owns a retail store. How many units should Emma include in her company’s period-end inventory?
Answers
Answer: 1155
Explanation:
The solution guess thus to calculate the units in Ending Inventory:
Units of product on hand: 800 units
Add: Units in transit 180
Add: Units on consignment 200
Less: Damaged units 25
The number of units that Emma should include in her company’s period-end inventory will be:
= (800+180+200) - 25
= 1180 - 25
= 1155
HELP HELP HELP MEEE
if joseph is paid 225$ for the week and he worked 20 hours during the week what is his fixed rate?
Answers
Answer:
11.25 dollars per hour
Explanation:
225/20
11.25
Brainliest appreciated!
Which of the following actions is a good example
of protecting sensitive information? Check all of
the boxes that apply.
using a paper shredder to discard documents
that contain personal medical information
keeping patient files in a secure electronic file
system with limited access
maintaining a confidential patient consultation
area in a doctor's office
discussing private matters with patients in the
waiting room
Answers
Answer:
A,B,C
Explanation:
Answer:
“Using a paper shredder to discard documents that contain personal medical information”, “Keeping patient files in a secure electronic file system with limited access” and “Maintaining a confidential patient consultation area in a doctor’s office”
Explanation:
Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answers
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 Dec. 7. Received from Unitarian Clothing and Bags Co., on account, a $96,000, 60-day, 8% note dated December 7. Dec. 31. Recorded an adjusting entry for accrued interest on the note of December 7. Dec. 31. Recorded the closing entry for interest revenue. 20Y8 Feb. 5. Received payment of note and interest from Unitarian Clothing
Answers
Answer:
Dec 7
Dr Notes Receivable $96,000
Cr Accounts Receivable-Unitarian Clothing& Bags co. $96,000
Dec 31
Dr Interest Receivable $853
Cr Interest Revenue $853
Dec 31
Dr Interest Revenue $853
Cr Income Summary $843
Feb 5
Dr Cash $97,280
Cr Interest Receivable $853
Cr Interest Revenue $427
Cr Notes Receivable $96,000
Explanation:
Preparation of the journal entries
Dec 7
Dr Notes Receivable $96,000
Cr Accounts Receivable-Unitarian Clothing& Bags co. $96,000
Dec 31
Dr Interest Receivable $853 ($96,000*8%*40/360)
Cr Interest Revenue $853
Dec 31
Dr Interest Revenue $853
Cr Income Summary $843
($96,000*8%*40/360)
Feb 5
Dr Cash $97,280
($96,000+$853+$427)
Cr Interest Receivable $853
($96,000*8%*40/360)
Cr Interest Revenue $427
($96,000*8%*20/360)
Cr Notes Receivable $96,000
QUESTION THREE.
The following data give the savings bank accounts balances of nine sample
households selected in a survey. The figures are in SSP
745.2,000.1.500.68,000.461,549,3750,1800,4795
(a) Find the mean and the median for these data;
(6) Do these data contain an outlier? If so, exclude this value and recalculate th
mean and median. Which of these summary measures has a greater change wh
outlier is dropped?;
(c) Which of these two summary measures is more appropriate for this series?
Answers
Answer:
We can first order the data from smallest value to largest value:
461
549
745
1500
1800
2000
3750
4795
68000
a) The mean is 9289, and the median is 1800
b) The data does have an outlier, which is 68000, because it is more that three standards deviations away from the mean, excluding this value, our new mean is 1950 and our new median is 1650. We can see that the greatest change in value was for the mean.
c) the median is more appropriate because the median is less sensitive to outliers. The mean can be easily swayed by outliers in either way, and this can give an erroneous impression of the data.
The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Answers
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
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What scenario shows the best time to "play it safe" in investing because the law of diminishing returns is against the investor?
A Your children are 5 and 3 and you are in middle management in your company and you have extra money to invest for college funds.Your children are 5 and 3 and you are in middle management in your company and you have extra money to invest for college funds.
B You are 65 and have retired from your career and are looking at a very long and happy life of traveling and good times.You are 65 and have retired from your career and are looking at a very long and happy life of traveling and good times.
C You are 5 years from retirement and your friend knows a "sure" investment that will more than triple your retirement account.You are 5 years from retirement and your friend knows a "sure" investment that will more than triple your retirement account.
D You just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.
Answers
The scenario that shows the best time to "play it safe" in investing because the law of diminishing returns is against the investor is option D: You just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.
In this scenario, the investor has already experienced a significant gain by hitting a big jackpot in Las Vegas. However, investing the entire amount back into another game with the intention of doubling the return poses a high level of risk. The law of diminishing returns suggests that as an investment or activity continues, the incremental return or benefit diminishes over time. By putting all the winnings back into another game, the investor is exposing themselves to unnecessary risk. Instead, it would be wiser to consider diversifying the investment portfolio, preserving a portion of the winnings, and adopting a more conservative approach. This helps to protect the gained wealth and potentially generate more stable, sustainable returns in the long run. Hence the correct answer in Option D. you just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.
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the pros and cons of using a credit card, checking account, and debit card.
Answers
Credit card and debit card
PROS
You have digital moneyYou have digital moneyYou can buy things onlineCONS
You have to go to the bank to take money outSomeone can hack your card and take your moneyCOMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST
YOU NEED TO PROVE YOUR ANSWER
Direction: Read each statement carefully. Write True in the blank if the statement is right and False if it is wrong and prove it.
1. Internal Forces refers to set of elements which affects organization's or firm's behavior.
2. External Forces is unpredictable and uncontrollable.
3. Poor corporate image is a strength of the firm.
4. Money is the lifeblood of every business.
5. Customers are the king of the market.
6. Demographic aspects are the characteristics of the people in which the organization can be found.
7. Macro and micro environment are types of internal environment.
8. Technological includes the use of robots and online commerce.
9. Improper plans and policies help the firm to accomplish its objectives.
10. Socio-cultural are the characteristics of the population of a certain place. 8
Answers
The given statement 1,2,3,6,7 and 9 are false statement and 4,5,8 and 10 are true statement.
What is called an organization?An organization is consists group of people who work together, like an association, a charity, a union, or a corporation.
1. Internal Forces refers to set of elements which affects organization's or firm's behavior. It is false statement because today's organizational behavior is influenced by a complicated mix of major influences. People, Structure, Technology, and Environment are the four categories of important factors. People, structure, and technology interact, and these factors are impacted by the environment.
2. External Forces is unpredictable and uncontrollable. It is false statement because it is possible to predict economic trends using forecasted data.
3. Poor corporate image is a strength of the firm. It is false because when the corporate image is weak or poor, it affects the customers perception of not just the company but it's products as well. Hence, deflecting demand for their goods an services.
4. Money is the lifeblood of every business. It is True statement
5. Customers are the king of the market. It is true statement.
6. Demographic aspects are the characteristics of the people in which the organization can be found. It is false statement because demography is the scientific survey of populations, particularly human populations. Demographic analysis may be used to entire societies or groupings based on factors such as education, nationality, religion, and ethnicity.
7. Macro and micro environment are types of internal environment. it is false because Macro relates to external while micro relates to internal.
8. Technological includes the use of robots and online commerce, it is true.
9. Improper plans and policies help the firm to accomplish its objectives it is false because a bad plan cannot possibly lead to a good plan. Hence, improper plans and policies can not help the firm to accomplish its objectives.
10. Socio-cultural are the characteristics of the population of a certain place. It is the true statement.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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Classify each of the following businesses as either Physical or Digital.
A. An online store that dropships camping gear
B. A bookstore on Amazon that sells eBooks
C. A bakery in your community
D. A hair salon that makes appointments online
Answers
An online store that drop-ships camping gear is a digital business, a bookstore on Amazon that sells ebooks is a digital business, A bakery in your community is a physical business, and a hair salon that makes appointments online is a physical business.
What is a physical and digital business?A physical business is described as a form of business in which customers need to visit a store or a place to receive a service or make a purchase. Whereas, a digital business is described as a form of business in which customers can purchase any product or service online (internet) without going to a physical store.
Statement A and statement B are digital business because it does not have a physical store where a customer needs to visit to make a purchase. Rather, the seller just delivers the product to the customer.
Statement C and statement D are physical businesses because both have a physical store, these business sells or offer their services to their customer. The presence of a physical store/hair salon justifies the physical nature of the business.
It can be concluded that an online store that dropships camping gear is a digital business, a bookstore on Amazon that sells ebooks is a digital business, A bakery in your community is a physical business, and a hair salon that makes appointments online is a physical business.
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Answer:
A. An online store that dropships camping gear - Digital
B. A bookstore on Amazon that sells eBooks - Digital
C. A bakery in your community - Physical
D. A hair salon that makes appointments online - Physical
Explanation:
Common Sense
In the event that Only1Corp. obtains control of all the natural gas producers in the US, it would most likely Group of answer choices
Answers
Group of Answers:
a. raise prices, cut production, and realize positive economic profits
b. have a patent giving it exclusive legal rights to make, use, and sell for a limited time.
c. have legal protection to prevent copying its methods of production for commercial use
d. acquire rights for its investors to produce and sell their product
Answer:
Only1Corp
a. raise prices, cut production, and realize positive economic profits
Explanation:
Only1Corp has by the above move become a monopoly by acquiring all the natural gas producers in the US and now has near or total control of the natural gas production. It will display the characteristics of a monopoly, especially that of a price maker. Its position in the marketplace will become unchallenged if there are no importers of natural gas to compete with it in the marketplace. However, it must be noted that monopolies are illegal in the US unless they are government-created monopolies.
True or false? Managers generally face lesser uncertainty when many contextual forces impact an
industry and when these same forces are constantly changing.
Answers
Answer:
False
Explanation:
Managers encounter more "uncertainty when many contextual forces impact their industry and when these same forces are constantly changing" or evolving, from one period to the next. The uncertainties should be embraced as a part of doing business. The uncertainties underpin the risks that every business entity faces and the associated returns (losses) or rewards are based on the risk management efforts of managers.
NOVO FINANCE ECONOMICS AND ACCOUNT
243 Sub-task 3: Economic environment (Total: 30 marks: 180 minutes)
The Book Store is a business which sells a variety of books to suit any lifestyle, from
bestselling novels, educational material to children's books
The owner, Wendy Brocks, has realised that there is a demand for creative stationery
based on her customers' requests. She decided to expand her business by producing a
stationery-line including creative paper, envelopes, notepads, creative stamps, craft pens
and wrapping paper which she will sell in
store.
Wendy is considering using semi-finished products to produce the stationery and wants to
loan in order to gain the capital for the expansion of The Book Store. Wendy knows that
import the creative stamps and craft pens from China. Wendy plans to apply for a business
she has to conduct thorough research before starting this new venture.
The student is required to assist Wendy by conducting the research and preparing an
investigative report on the following points:
a) The four factors of production (inputs) needed for the manufacturing process of The
Book Store's new stationery-line. The student is required to investigate two inputs for
each factor of production.
b) Include a drawing of the production process of this new venture.
c) Research the infrastructure needed to manufacture the stationery-line.
d) Propose ideas on how to produce the creative stationery in an environmentally friendly
way to prevent deforestation.
e) Assuming the inflation-rate rises, give one implication that this increased inflation rate.
would have on the import cost of creative stamps and craft pens from China.
Find out the current interest rate as Wendy is considering applying for a loan. The date
the interest rate obtained must be given.
9) The investigation should be concluded by providing an opinion as to whether this
business idea is viable or not and provide three reasons to substantiate the answer.
Answers
The four factors of production (inputs) needed for the manufacturing process of The Book Store's new stationery include land, labor, capital and entrepreneur.
How to illustrate the information?Based on the information given, the production process of this new venture will be the input or resources that will be used for the production process.
The infrastructure needed to manufacture the stationery-line will be capital, and portfolio designs as well as printing machines.
The ideas on how to produce the creative stationery in an environmentally friendly.way to prevent deforestation is to use less paper and recycling.
An implication of this increased inflation rate is that it lead to the increase in production cost.
Lastly, the business is viable as there is a demand for creative stationery based on her customers' requests.
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Annabelle Jefferson earns net self-employment income of $43,500. She does not work a second job.
Self-Employment tax =
Answers
Based on the net self-employment income to Annabelle Jefferson, and the fact that she does not work a second job, the self - employment tax is $6, 655.50
How to find the self - employment tax?As of the year 2022, the self - employment tax is based on the self - employment tax rate of 15.3 % which comprises of 12.4% Social Security tax and 2.9% Medicare tax.
Based on the net self-employment income to Annabelle Jefferson of $43, 500 therefore, the self - employment tax to Annabelle Jefferson would be:
= 43, 500 x 15. 3 %
= $6, 655.50
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Which of the following statement is TRUE?
(1 Point)
Developmental programs improve conceptual skills of managers for the future job.
Training programs improve conceptual skills of nonmanagers for the future job.
Developmental programs improve technical skills of nonmanagers for the current job.
Training programs improve technical skills of mangers for the current job.
Answers
'Developmental programs improve conceptual skills of managers for the future job' is true. The right answer is a.
The goals and content of training and development are different from one another. While "development" refers to a long-term method through which managerial personnel understand conceptual and theoretical knowledge for broad reasons, "training" is a short-term process through which non-managerial personnel acquire technical knowledge and skills for a specific purpose.
Development covers the process through which managers and executives build capacity for both future managing roles as well as skills and competence for their current ones.
The correct answer is option a.
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Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021, accounts receivable totaled $625,000. The allowance method is used to account for uncollectible accounts. The allowance for uncol- lectible accounts had a credit balance of $32,000 at the beginning of 2021 and $21,000 in receivables were writ- ten off during the year as uncollectible. Also, $1,200 in cash was received in December from a customer whose account previously had been written off. The company estimates bad debts by applying a percentage of 10% to accounts receivable at the end of the year.
Required:
1. Prepare journal entries to record the write-off of receivables, the collection of $1,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense.
2. How would accounts receivable be shown in the 2016 year-end balance sheet?
Answers
Answer:
1. 1. Dr Allowance for uncollectible accounts $21,000
Cr Accounts receivable $21,000
2. Dr Accounts receivable $1800
Cr Allowance for uncollectible accounts $1800
3. Dr Cash $1,200
Cr Accounts receivable $1,200
4. Dr Bad debt expense $50,300
Cr Allowance for uncollectible accounts $50,300
2.Current Assets
Accounts receivable (net) $562,500
Explanation:
1. Preparation of journal entries to record the write-off of receivables
1. Dr Allowance for uncollectible accounts $21,000
Cr Accounts receivable $21,000
(To record written off of accounts receivable)
2. Dr Accounts receivable $1800
Cr Allowance for uncollectible accounts $1800
(To record reinstatement of account previously written off)
3. Dr Cash $1,200
Cr Accounts receivable $1,200
(To record collection of account previously written off)
4. Dr Bad debt expense $50,300
Cr Allowance for uncollectible accounts $50,300
(To record bad debt expense for the year)
Working:
Estimated bad debts expense= $625,000*10%= $62,500
Bad debt expense for the year= $32,000-21000+1200-62,500= $50,300
2. Calculation to determine How would accounts receivable be shown in the 2016 year-end balance sheet
Using this formula
Accounts receivable (net) = Beginning balance-Estimated bad debts expense
Let plug in the formula
Accounts receivable (net)= $625,000-($625,000*10%)
Accounts receivable (net)=$625,000 -$62,500
Accounts receivable (net)=$562,500
Therefore the accounts receivable be shown in the 2016 year-end balance sheet as:
BALANCE SHEET (PARTIAL)
Current Assets
Accounts receivable (net) $562,500
Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
Answers
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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explain all the dimensions of Management functions in Human Resource management
Answers
Answer:down
Explanation:The four dimensions of human resource management practices are: Managing The Human Resource Environment, Acquisition and Preparation of Human Resources, Assessment and Development of Human Resources, and Compensation of Human Resources as stated by Noe et al (2010).
Answer: HR managers carry out a variety of tasks to ensure a business runs smoothly. The various dimensions of management functions in Human Resource management are as follows:
Explanation:
a. Planning
Planning for various things, from the hiring process to training and development programs, is the most crucial duty of an HR manager. Planning lays the foundation for other HR management responsibilities, such as determining job qualifications and the organization's need for recruitment.
b. Organizing
An HR manager is responsible for performing this role after the planning phase (discussed above) is finished. To meet the requirements and wants of the workforce while achieving business goals, they must create strategies and programs.
c. Directing
To carry out the goals and plans they have developed, HR managers need personnel. As a result, they lead their teams in a way that carries out the manager's goals and strategies. They assign tasks to the team members and keep tabs on their performance to assess their progress.
d. Controlling
One of the most significant managerial duties and obligations of an HR manager is this. In doing so, the HR manager monitors deviations, corrects them, and compares the results to the objectives. This entails tasks like audits and appraisals.
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