On January 1, 2018, the Accounts Receivable and the Allowance for Doubtful Accounts balances of Kendall Company were $40,000 and $1,500 respectively. During the year 2018, the company reported $80,000 of credit sales, and collected $78,200 cash from receivables. The company also wrote off $500 of receivables as uncollectible in 2018. The company estimates that it will be unable to collect 4% of the year-end accounts receivable balance. Determine the amount of bad debts expense to be recognized in the 2018 income statement

Answer: Analyzing

Anticipating

Adapting

Explanation:

The writing process for business messages includes prewriting, drafting, and revising. We should note that the steps involved in the prewriting phase of the writing process:

• Analyzing

• Anticipating

• Adapting

The drafting phase is made up of:

• Researching

• Organizing

• Drafting

The revising phase include:

• Editing

• Proofreading

• Evaluating

Answer: Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. So the company can keep that customer coming back and back again for more of that product.

1. Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.

2. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.

3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment.

4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability.

1. To calculate the selling price using absorption cost-plus pricing, we need to add a markup percentage to the absorption unit product cost. In this case, the absorption unit product cost is given as $8,400, and the markup percentage is 85%.

Markup = Markup percentage * Absorption unit product cost

Markup = 85% * $8,400

Markup = $7,140

Selling price = Absorption unit product cost + Markup

Selling price = $8,400 + $7,140

Selling price = $15,540

Therefore, Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.

2. To determine the economic value to the customer (EVC) over the XP–200's 20,000-hour life, we need to consider the advantages it offers compared to the competitor's equipment. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.

EVC can be calculated by quantifying the monetary value of these advantages over the product's lifespan. Let's assume the following values:

Longer usage time: 5,000 additional hours compared to the competitor's equipment.

Lower preventive maintenance costs: $500 saved annually compared to the competitor's equipment.

Lower electricity consumption: $200 saved annually compared to the competitor's equipment.

EVC = (Additional usage time * Value per hour) + (Annual cost savings * Present value factor)

Using a discount rate of 10% and assuming the annual cost savings remain constant over the 20,000-hour life:

EVC = (5,000 hours * Value per hour) + ($500 * Present value factor) + ($200 * Present value factor) + ... (repeated for all 20 years)

3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment. This involves determining a range of possible prices based on the additional value delivered by the XP–200 compared to the competitor's equipment.

To calculate the range of possible prices, you would need to assess the economic value of the XP–200 as determined in Question 2 and consider the pricing of the competitor's equipment. Without specific values and competitor pricing information, it's not possible to provide a precise range of prices.

However, Valmont Company should set the price within a range that captures a significant portion of the economic value delivered to the customer while remaining competitive in the market.

4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability. Here are some considerations for Valmont's managers:

Absorption cost-plus pricing:

Pros: This approach ensures that all costs, including fixed and variable costs, are covered. It provides a straightforward calculation for determining the selling price and ensures profitability.

Cons: It does not directly consider the economic value delivered to the customer or the pricing of the competitor's equipment. This approach may not reflect the true value of the XP–200 to customers, potentially leading to pricing that is not aligned with customer expectations or market conditions.

Value-based pricing:

Pros: This approach considers the economic value provided to the customer, allowing the price to be based on the perceived value rather than just the cost. It aligns the price with the customer's willingness to pay and can capture the full value delivered by the XP–200.

Cons: It may be more challenging to quantify and communicate the economic value to customers. Determining the optimal price range requires a thorough understanding of customer preferences, competitor pricing, and market dynamics.

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Answer:

the answer is C hope this helps

Answer:

demographic!!!

Answer:

Capitalism is an economic system based on investing money in the expectation of making a profit. The means of production are usually privately owned by private entrepreneurs who often use wage labor to create added value. In doing so, they enjoy a great deal of legal freedom to dispose of these means, free enterprise production. This freedom also means that there is competition, which means that entrepreneurs have an interest in increasing the efficiency of their company. Hence, the capital owner will not fully consume the profit but reinvest in the business and capital accumulation takes place. The distribution of products is regulated by the market, in which the role of the government is, in principle, limited to that of market master.

Answer:

Explanation:

Controlled

Allows

Political

Innovation

Tolerant

America

Land

Inferior

State

Marketing

The most important information needed to receive a stock quote is the ticker symbol of the specific stock.

From a stock quote, you can obtain various information about the stock, including the current price of the stock, the trading volume (number of shares traded), the bid and ask prices (the prices at which buyers are willing to buy and sellers are willing to sell), the day's high and low prices, the previous close price, and the percentage change in price from the previous trading session.

Additionally, some stock quotes may provide additional data such as the company's market capitalization, dividend yield, and earnings per share.

Stock quotes provide a snapshot of a stock's performance in the market and are important for investors to make informed decisions regarding buying or selling stocks. They allow investors to track the price movements and trends of a particular stock and assess its potential value and risks.

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Answer:

The expanding accounting equation is:

Assets = Liabilities + Stockholders Equity

                                 [Common Stock + Retained Earnings]

                                                               (Revenues - Expenses - Dividends)

Now, we replace the amounts in the formula

$84,325 = $2,560 + X

                              [  X  + R ]

                             ($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

                              [  X  + R ]

                             ($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

                              [  X  + $13,205 ]

$84,325 = $2,560 + X

                               [  68,560  + $13,205 ]

$84,325 = $2,560 + $81,765

Both sides are now equal to $84,325

Thus, Common Stock = $68,560

The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

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Answer:

Share your vision with them. Let employees know our plans for your company and your products and services. ...

Keep them in the loop. ...

Involve them in the launch of new products. ...

Reward them for building relationships with customers.

Explanation:

Answer:

1. Share your vision with them.

Let employees know our plans for your company and your products and services. Keep them informed of your values and goals so that they can be your advocate. Two Men and a Truck is a company that makes it a point to instill its core values so that employees can live them out in their daily lives and at work. Two of my favorite such core values are: The Grandma Rule and Give Back to the Community. Two Men and a Truck features its employees living out their core values on its blog, and the employees share those values with customers, neighbors and friends.

2. Keep them in the loop.

Don’t keep secrets from your employees -- tell them everything you know that they need to know to help you run your business. Even though it’s a privately held company, Rhino Foods regularly shares its financial information with employees so that they can help keep the business profitable. Employees know that they have the ability to impact the bottom line of the company, which also impacts their paychecks. This helps everyone in the long run.

Related: Richard Branson on Why Making Employees Happy Pays Off

3. Involve them in the launch of new products.

When Lenovo introduced its new Yoga tablet in fall 2013, the company's internal communications team decided to engage employees in the introduction of this new product launch; the decision was announced on the company intranet, Lenovo Central. Employees could win a Yoga tablet by posting their own yoga poses there. The poses with the most “likes” also won their practitioners a new tablet. This was a great example of engaging employees in a new product and brand early, then rewarding them with that product so they become brand ambassadors once the product hits the market.

4. Reward them for building relationships with customers.

Instead of providing commissions for employees to sell something a customer may not need, why not encourage the building of a relationship with that customer, accompanied by rewards for creating and maintaining customer loyalty?

I have not yet heard of a company that rewards employees for truly building and maintaining customer relationships. So, if you have, please share that information in the comment section below. But I believe such a move could become a powerful vehicle for employees to understand and harness their "inner brand ambassador" if they understand and are rewarded for such relationship-building with customers.

Answer:

because they are well known

'IP' stand for Internet Protocol.

Internet Position : This is not a general concept. However, it is mainly used by his ISP service. The towers seen in our city work with Internet locations. Mobile phones get better network speeds depending on their internet location.

Internet Placement: This means turning on airplane mode will change your mobile IP. This is why it is published online. This process runs when you turn off your phone.

Internet Privatisation : Simply put, privatization of the Internet starts working when you change your DNS servers. When we are private on the internet with a VPN, we are the privatizer of the internet.

Internet Protocol: This is one of the most important things for every website and Internet user. Anyone who connects to the internet on their device has an IP address. Simply put, an internet-connected device provided a specific IP. The website also has its own IP. Because of this, you can access the Internet.

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Non-income factor for a potential job would influence a person-

It need to be noted that the non-earnings element that could affect capacity process in an effort to in turn potential job influence someone who needs to be to be had to power children to and from faculty and activities is Independence.

Non-income elements can be regarded as factors that has impact on man or woman careers as well as the way of life.

therefore, potential job for people that need to be force children to and from school and sports regular, desires independence.

potential job are able to conclude that he needs independence because he could have enough time to cater for the ones children.

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Answer:

False

Explanation:

When a partner invests noncash assets in a partnership, the assets are recorded at the partner’s book value is incorrect and false.

Assets are to be recorder at their fair value whenever a partner invests non cash assets in a partnership. The practice is assets brought by partners into firm are always recorded at fair value not book value.

Answer:

I spend the majority of my money on my children and I think they deserve it

The person's financial limitation would be represented by a curve that sloped from left to right, showing that the more free time someone has, the fewer things they can afford, and vice versa.

In economics, the supply curve is a graphical depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply.

A vertical supply curve demonstrates that the supply of a certain commodity is fixed and unaffected by price. Helium, for instance, has a limited supply, hence the market will determine its price rather than increasing supply.

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The ethical problem is whether to save the extra Euro for personal use and not disclose it to the firm because no receipt is necessary, spend the whole sum of 400 Euros by engaging in other activities, or just return the money.

The activity should be motivated by intent and will adhere to the deontological perspective.

According to this approach, the action should be to spend Euros while on a business trip to obtain additional valuable information for the organization, such as understanding local market conditions, discussions with channel partners, and other activities that go beyond the scope of the business trip within the budget of 400 Euros.

Following that, any Euro saved should be returned to the organization together with a declaration of the dollar's depreciation and any further information obtained.

It will assist the organization in growing and setting a positive ethical example for the personnel, and it will take the utilitarian perspective into account.

Here,

Due to the weakening of the dollar, a less number of euros will be used to buy the same basket of goods and services.

The number of euros required after 2 weeks (after depreciation in dollars) = 400 x .85 = 340 Euros per day

Therefore, the ethical dilemma is whether to spend the entire 400 Euros on other activities, refund the money, or preserve the additional Euro for personal use while keeping it a secret from the company because there is no need for a receipt.

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Answer:

Well, finance is a broad term that refers to the management of money, investments, and financial resources. It includes various activities such as budgeting, forecasting, accounting, financial analysis, and investment management. Finance is an essential aspect of any business or organization, as it helps them manage their financial resources effectively and make informed decisions about investments and expenditures.

Explanation:

Well, finance is a broad term that refers to the management of money, investments, and financial resources. It includes various activities such as budgeting, forecasting, accounting, financial analysis, and investment management. Finance is an essential aspect of any business or organization, as it helps them manage their financial resources effectively and make informed decisions about investments and expenditures.

In recent years, the finance function has been rapidly changing due to the digitalization of various financial processes. With the help of digital technology, financial professionals can now perform various tasks more efficiently, accurately, and in real-time. For instance, cloud-based accounting software has made it easier to manage financial data and automate various accounting tasks, such as invoicing, bank reconciliation, and financial reporting.

Moreover, digitalization has also enabled financial professionals to access real-time financial data and insights. This means that they can make informed decisions quickly, based on up-to-date information. With the help of big data and analytics tools, financial professionals can now analyze large volumes of financial data to identify patterns, trends, and anomalies that can impact the financial performance of their organization.

Overall, the finance function is changing rapidly due to digitalization, and financial professionals need to adapt to new technologies and tools to remain competitive and effective. The rise of fintech companies and other digital platforms is also disrupting the traditional financial industry, creating new opportunities and challenges for finance professionals.

Answer:

X-tend 9

Explanation:

Answer:

In my opinion I think

7, speed - s.

If the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.

Break-even analysis is an accounting technique to ensure that a company does not incur losses from its transactions.

Using the technique, a corporation ensures that the total costs are at least equal to the total revenue or the contribution margin is sufficient to cover the fixed costs, which are not variable within a relevant range.

The technique is based on the concepts of contribution margin and variable costing.

Special order units = 3,000 boxes

Price per box for special order = $30

Variable costs per box = $24

Special shipping costs per box for the special order = $2

Contribution margin per box = $4 ($30 - $24 - $2)

Total Contribution Margin = $12,000 ($4 x 3,000)

Fixed costs = $30,000 ($10 x 3,000)

Normall selling price per box = $70

Thus, if the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.

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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

Ethical behavior and procedures are essential in maintaining integrity and trust in any organization. The expectations for ethical behavior and procedures may vary depending on the specific industry, organization, and jurisdiction.

However, there are some common principles and guidelines that can be followed. Here are a few key expectations:

Compliance with Laws and Regulations: Employees and stakeholders should comply with all applicable laws, regulations, and industry standards. This includes legal and regulatory requirements related to financial reporting, taxation, data protection, workplace safety, and environmental protection.

Honesty and Integrity: Individuals should act with honesty, integrity, and transparency in all their professional interactions. This involves avoiding conflicts of interest, providing accurate and truthful information, and not engaging in fraudulent or deceptive practices.

Confidentiality and Data Protection: Employees should respect the confidentiality of sensitive information, including customer data, trade secrets, and proprietary information. They should follow appropriate procedures to protect data privacy and ensure compliance with data protection laws.

Fair Treatment and Respect: All individuals should be treated fairly and with respect, regardless of their background, race, gender, religion, or other characteristics. Discrimination, harassment, or any form of unfair treatment should not be tolerated.

Ethical Decision-Making: Individuals should make decisions based on ethical considerations, considering the impact on stakeholders and society as a whole. This involves avoiding conflicts of interest, exercising professional judgment, and seeking guidance when faced with ethical dilemmas.

Accountability and Responsibility: Employees should take responsibility for their actions, acknowledge mistakes, and be accountable for the consequences of their decisions. This includes reporting unethical behavior, complying with internal control procedures, and cooperating with internal and external audits.

Social and Environmental Responsibility: Organizations and individuals should consider the broader impact of their actions on society and the environment. This may involve promoting sustainability, minimizing waste and pollution, and supporting social initiatives.

These expectations for ethical behavior and procedures should be communicated clearly to all employees through codes of conduct, ethics training programs, and regular communication from management. It is important to foster a culture of ethics and integrity, where individuals are empowered to raise concerns, report violations, and seek guidance without fear of retaliation.

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Option D. buying a new house in a new city is the situation would most benefit from creating performance-based goals. So option d is the correct option.

Employees are expected to meet performance goals, which are short-term objectives. Employees can better comprehend the type of work expected of them or of their roles when goals are clearly defined. Additionally, it aids companies in properly assessing workers and directing them.

Performance-based learning is a method of teaching and learning that places an emphasis on students' ability to carry out or accomplish particular tasks as a result of training. In this paradigm, students show that they can apply or use knowledge rather of just memorizing it.

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When shopping for highly technical, few-of-a-kind merchandise such as hydroelectric power plants, governments have observed that accepted contractors are reluctant to specify a formal, fixed rate for the procurement. Therefore, these contractors use cost-plus-fixed-fee pricing to compensate them for any price overruns.

A: As an example, a cost-plus contract might also establish that the complete estimated cost of a building challenge is $10 million plus a fixed fee of $1.5 million, roughly 15% of the total cost, as the contractor's profit. So the total fee to the client would be approximately $11.5 million —the fee plus the fee.

As long as whoever is calculating the costs per user or item is including everything up correctly, fee plus pricing ensures that the full price of creating the product or enjoyable the carrier is covered, permitting the mark-up to make certain a high-quality rate of return.

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Based on the amount that the Wong family pays every month, the total amount of interest and principal that they will pay after 30 years is $358,200.

The monthly payment of $995 includes both the interest payment and the principal.

The total to be paid in 30 years is:

= Amount per month x Number of months in year x Number of years paid

= 995 x 12 x 30

= $358,200

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Answer:

c or $358,200

Explanation: edg 2023

Answer:

Sherwood Co.

1. Journal Entries:

March 1:

Debit Purchases $175,000

Credit Accounts Payable (Kirkwood Co.) $175,000

To record purchase of merchandise on account, terms, n/30.

March 31:

Debit Accounts Payable (Kirkwood Co.) $175,000

Credit Notes Payable (Kirkwood Co.) $175,000

To record issue of a 30-day, 6% note.

April 30:

Debit Notes Payable (Kirkwood Co.) $175,000

Debit Interest on Notes $875

Credit Cash Account $175,875

To record settlement of note and interest.

June 1:

Debit Cash Account $400,000

Credit Bank Note Payable (Triple Creek Bank) $400,000

To record 45-day, 5% bank note.

July 1:

Debit Equipment (Tools) $45,000

Credit Notes Payable (Poulin Co.) $45,000

To record purchase of tools and issue of 60-day note.

July 16:

Debit Interest on Bank Notes $2,500

Credit Cash Account $2,500

To record payment of interest due.

July 16:

Debit Bank Note Payable (Triple Creek Bank) $400,000

Credit Bank Note Payable (Triple Creek Bank) $400,000

To record loan renewal with issue of a new 30-day, 6% note.

August 15:

Debit Bank Note Payable (Triple Creek Bank) $400,000

Debit Interest on Notes $2,000

Credit Cash Account $402,000

To record payment on amount due.

Dec. 1:

Debit Equipment $260,000

Credit Cash Account $40,000

Credit Notes Payable (Greenwood Co.) $220,000

To record purchase of equipment and issue of a series of ten 9% notes for $22,000 each, due at 30-day intervals.

Dec. 22:

Debit Litigation Loss $50,000

Credit Litigation Claims Payable $50,000

To record a product liability lawsuit settled.

Dec. 31:

Debit Notes Payable $22,000

Debit Interest on Notes $165

Credit Cash Account $22,165

To settle note issued.

2) Adjusting Entries:

a) Product Warranty Cost

Debit Product Warranty $80,000

Credit Product Warranty Payable $80,000

To record accrued product warranty cost.

b) Interest on remaining notes to Greenwood Co.

No journal entries required.

Explanation:

a) The interests on remaining notes to Greenwood Co. are not yet due for payment as at December 31, and so do not require to be accrued.

b) Journal entries are used to record business transactions as they occur daily and individually.  They show which accounts are to be debited and which are to be credited in the General Ledger.  Journals are books of original entry.  This means that they first capture each transaction in the books of accounts.

c) Adjusting entries are entries made to accrue revenue and expenses in order to comply with the accrual concept and matching principle of US GAAP.

d) Product warranty cost is the amount charged to expense only when warranty costs are incurred under a warranty program, or it may be set up as an allowance, where a standard amount is charged to expense each month.

The journal entries are referred to as the entries that help the firm to record the various economic transactions of it whether it is in cash or out cash. The transactions are recorded and then evaluated as per the book of entries. Those transactions are called entries because they are entered at a  particular date and event.

The journal entries have been attached below.

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