PROBLEM 1 The ledger of Gold Company at the end of the current year shows Accounts Receivable $80,000; Credit Sales $810,000; and Sales Returns and Allowances $40,000. Instructions: (a) If Gold uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Gold determines that Elk Company's $600 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $1,100 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of $700 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts receivable.

Answer:

contrast effects

Explanation:

Contrast effects is a change of perception when we compare something with something else thereby noticing the difference between them. These comparisons can be color, price, taste.

Contrast effects can make a color appear darker when placed in a lighter background or that an item appear to be cheap when place after being shown a more expensive item. Contrast effects can either be positive or negative.

A positive Contrast effect is one that makes an item better than it is while a negative Contrast effect make an item worse than it is.

Answer:

The following three things are required for a shadow to form:

a source of light.

an opaque object.

a screen or surface behind the object.

Kathryn and Eldred execute the same roles and responsibilities at their organization; Eldred has more experience than Kathryn.

Employment is a dating between parties regulating the provision of paid hard work services. typically based on a contract, one birthday party, the organization, which might be an organization, a no longer-for-earnings corporation, a co-operative, or every other entity, will pay the opposite, the worker, in return for wearing out assigned paintings. employees paintings in return for wages, which can be paid on the basis of an hourly fee, piecework, or annual revenue, relying on the type of work a worker does, the prevailing conditions of the world, and the bargaining electricity between the parties.

Personnel in a few sectors can also receive gratuities, bonus bills, or stock alternatives. In a few sorts of employment, personnel might also get hold of advantages similar to fees. benefits may additionally encompass medical insurance, housing, and disability insurance. Employment is commonly ruled with the aid of employment laws, businesses,s or criminal contracts.

To learn more about Employment visit here:

brainly.com/question/1361941

#SPJ4

Answer:

Cooperative organizations are organizations voluntarily formed by a group of people who have the same ideas of meeting certain economic goals. Cooperative organizations are manned democratically meaning choosing leaders is a democratic will.

A regressive tax is a  tax that takes a higher percentage of income from people with lower incomes. Hence, option D is correct.

When the overall tax burden drops as income increases, the tax is said to be regressive. While middle- and high-income taxpayers suffer a proportionally smaller part of the tax burden, low-income taxpayers bear a disproportionately large share.

Every taxpayer, regardless of economic level, pays the same amount of money, a regressive tax may initially seem to be a fair method of taxing residents. A closer analysis reveals that such a tax results in lower-income persons paying a bigger percentage of their income than do wealthy ones.

Thus, option D is correct.

For more details about regressive tax, click here:

https://brainly.com/question/9373731

#SPJ2

Answer:

A. It is false advertising.

Explanation:

Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.

The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.

Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them.

Furthermore, the consumer protection laws enforceable by the Federal Trade Commission (FTC) guarantees truthful information in the marketplace at all times. This is achieved by requiring that business firms only make claims about their products and services that can be proven.

In this scenario, the Federal Trade Commission might be willing to look into this issue (advert of the dishwasher model) because it is false advertising.

Yes, building foundational trust and creating a safe work environment is indeed a crucial starting point when forming agile teams. Agile teams rely on collaboration, communication, and shared decision-making to effectively deliver value. By establishing trust, team members feel comfortable expressing their ideas, opinions, and concerns, leading to better collaboration and engagement.

A safe work environment fosters psychological safety, where team members feel respected, valued, and free to take risks without fear of negative consequences. This encourages open dialogue, constructive feedback, and learning from mistakes, which are essential aspects of agile practices.

To create trust and a safe work environment, team leaders and members can focus on fostering a culture of respect, active listening, inclusivity, and empathy. Encouraging open communication, creating opportunities for collaboration, setting clear expectations, and providing support are also important. By prioritizing trust and psychological safety, agile teams can thrive, adapt to change, and deliver high-quality results.

To know more about foundational trust  refer to-

https://brainly.com/question/33464193

#SPJ11

Industry terminology will show you are "current" with the profession and know what the trends are at this time.

A terminology list or glossary is a listing of phrases and terms with their expected translation. they are beneficial for making sure that your translations are consistent throughout your undertaking.

Such as industry terminology will show you're "contemporary" with the career and understand what the tendencies are at this time. To determine industry terminology, carry out an internet seek of the job title or career and spot what terms arise frequently. if you are uncertain of a few terms, appearance them up.

Terminology allows us to fully recognize precise subjects. properly-defined terminology can assist human beings across numerous industries to communicate greater efficaciously. true terminology work reduces ambiguity and increases readability, which makes it an important aspect of pleasantness.

To learn more about Industry terminology visit here:

brainly.com/question/2511894

#SPJ4

Answer:

Policy holder

Explanation:

There is no power of attorney needed nor mentioned in the problem. The insurer is the one who sells the policy. The rider doesn’t have to have insurance so that is irrelevant.

Answer:

Policy Holder

The use of plastics causes market failures due to significant marginal external costs, such as pollution and environmental degradation.

Marginal private costs refer to the additional costs incurred by individual producers or consumers when producing or consuming an additional unit of a good or service. On the other hand, marginal external costs are the additional costs imposed on third parties or society as a whole due to the production or consumption of a good or service.

In the case of plastics, the use of plastics causes market failures due to the presence of significant marginal external costs. Plastics create negative externalities such as pollution, environmental degradation, and health hazards. These costs are not fully borne by the producers or consumers of plastics but are instead shifted onto society.

The costs of plastic waste management, environmental cleanup, and health consequences are external to the market transaction and are often overlooked or not accounted for in the price of plastic products. As a result, the market fails to accurately reflect the true costs of plastics, leading to overconsumption and underinvestment in sustainable alternatives. This highlights the need for policies and regulations to internalize these external costs and address the market failures associated with plastic use.

Learn more about market here:

https://brainly.com/question/14418904

#SPJ11

Answer:

wages and salaries.

Explanation:

GDP is an acronym for Gross Domestic Products (GDP) and it can be defined as a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, Gross Domestic Products (GDP) is a measure of the production levels of any nation.

Basically, the four (4) major expenditure categories of GDP are;

I. Consumption (C).

II. Investment (I).

III. Government purchases (G).

IV. Net exports (N).

Additionally, it is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

In measuring GDP as the sum of all incomes earned in production, we should include wages and salaries of the people working in a particular country.

The Sun's orbit is about 25,000 light-years from the center of the Milky Way galaxy.  

Therefore, anything located inside the Sun's orbit would be closer to the center of the galaxy than the Sun is.

In scientific notation and in units of solar masses, the mass of objects within the Sun's orbit would be less than 1 solar mass (1.0 x 10^0 M☉).

To know more about Sun's orbit, visit:

https://brainly.com/question/913666

#SPJ11

According to the segment career testing is most effective when it is When it is guided by a trained career counselor.

These are assessments that are done to determine the skills that a person has for future jobs.

Career testing is very important for determining the core skills of a person and their soft skills. A counselor is very effective in helping out here:

Read more on career testing here: https://brainly.com/question/6947486

To find JPJ Corp's new fixed asset turnover, we will first calculate the new sales and fixed assets figures after the given increases. Then, we will use the fixed asset turnover formula to find the ratio. JPJ's new fixed asset turnover is 0.48.

Step 1: Calculate new sales and fixed assets figures:

New sales = $1.33 million × (1 + 11.8%)

New sales = $1.33 million × 1.118

New sales = $1.48794 million

New fixed assets = $2.98 million × (1 + 4.7%)

New fixed assets = $2.98 million × 1.047

New fixed assets = $3.11986 million

Step 2: Calculate the new fixed asset turnover ratio:

Fixed asset turnover = (New sales) / (New fixed assets)

Fixed asset turnover = $1.48794 million / $3.11986 million

Fixed asset turnover = 0.476569

Step 3: Round the result to two decimal places.
New fixed asset turnover = 0.48 (rounded to two decimal places)

So, JPJ's new fixed asset turnover is 0.48.

Learn more about turnover https://brainly.com/question/28392732

#SPJ11

It is completely inappropriate to mention that the proper level of government intervention is unclear when dealing with a monopoly enterprise. Therefore, the statement given above is false.

A monopoly can be referred to or considered as a form of an enterprise which owns a dominating position in the industry that it belongs, because there is less to zero competition for such a firm in the economy. The government might intervene in the operations of a monopoly enterprise with respect to the regulations being updated from time to time.

Learn more about a monopoly here:

https://brainly.com/question/29765560

#SPJ4

Answer:

c) $267,036

Explanation:

Net sales will the total revenue minus discounts minus the sales returns.

I.e Net sales = Revenue - discounts -returns

=$272,000- $3,505 - $1,459.

=$267,036

The depth of the container is 5 cm as the volume of a cube with 5 cm edge length is 125 cm³.


The given volume of the container is 125 cm³. We know that the volume of a cube is given by the formula V = s³, where s is the length of the cube. Therefore, we can use the formula to find the edge length of the container: V = s³ 125 = s³
Taking the cube root of both sides to solve for s, we have s = 5.

Therefore, the length of an edge of the container is 5 cm. Since the container is a cube, all three sides are of equal length. Therefore, the depth of the container is also 5 cm. Hence, the depth of the container is 5 cm.

Learn more about cube here:

https://brainly.com/question/31053008

#SPJ11

The set of all possible outcomes of a probability experiment is called sample space.

A sample space is a set of all potential results from a probability experiment. It specifies the collection of all possible occurrences in an experiment. In probability, the sample space is significant because it gives a clear and comprehensive perspective of all potential outcomes, allowing the chance of each occurrence to be calculated.

A sample space's size is determined by the number of items it includes and might be limited or infinite. To assign probabilities to events, the sample space must be properly specified, and all events must be mutually exclusive and exhaustive, which means that they must not overlap and must cover all potential outcomes.

To learn more about probability visit here:

https://brainly.com/question/13605838

#SPJ4

A record of income and expenditures for a given period of time is called a BUDGET.

Answer:

True

Explanation:

Interest rate is calculated by the formula

I= P x r x t

In this case,

Interest = 10( amount - principal; $110 - $100= $10

P= $100

r ?

t=1

Therefore,

$10 = $100 x r x 1

$10 = $100r

r= $100/$10

r= 10%

Block Ltd.’s Income Statement:To find out the break-even units, we need to calculate the contribution margin per unit. This can be done by dividing the total contribution margin by the total number of units.

Block Ltd is a company that produces Blocks. According to their financial statements, their pre-tax income and their margin of safety are both low compared to the levels the company would like. Therefore, Block Ltd has asked for help to determine the breakeven point and margin of safety. In order to solve these problems, we need to know certain values for the company, which we can obtain from the financial statements given in the workbook.The first step is to find out the break-even units. This can be calculated by dividing the total fixed costs by the contribution margin per unit. We first calculate the contribution margin per unit by dividing the total contribution margin by the total number of units. After finding out the break-even units, we can move on to calculate the margin of safety. Margin of safety is the amount of actual sales minus the break-even sales. In other words, it is the amount of sales that a company can afford to lose before it starts making a loss. To calculate the percentage of margin of safety, we need to divide the margin of safety by the actual sales and then multiply by 100%.

Block Ltd, which manufactures Blocks, has asked for help in determining its break-even point and margin of safety. We have found out that the break-even point for Block Ltd is 40,000 units. In addition, we have also calculated the Margin of Safety for Block Ltd which is $1,800,000. The Percentage of Margin of Safety is 60%. Therefore, Block Ltd needs to take necessary steps to increase their sales in order to increase their pre-tax income and margin of safety.

To know more about Income Statement visit:

brainly.com/question/6155709

#SPJ11

The total of Melinda's expenses for the week is $93.4. She spent $25.00 on gas, $22.38 on a new shirt, $6.95 on putt-putt golf, and $38.71 on groceries. Adding up all these amounts, we get the total of $93.40. Thus, option (d) is correct.

To calculate the total expenses, we add up all the amounts Melinda spent during the week. The given expenses are as follows:

Gas: $25.00

New shirt: $22.38

Putt-putt golf: $6.95

Groceries: $38.71

Adding these amounts together, we get:

$25.00 + $22.38 + $6.95 + $38.71 = $93.04

Therefore, the total of Melinda's expenses for the week is $93.40 which corresponds to option (d).

To know more about expenses click here brainly.com/question/30191622

#SPJ11

The balance of repayments (BOP) is the approach by means of which nations measure all of the international financial transactions inside a positive period. The BOP consists of three most important accounts: the cutting-edge account, the capital account, and the financial account.

The currency price depreciates with admire to a country that has decrease inflation. Thus, when inflation is high, it is beneficial for exporters to export more. This creates a surplus in a current account. Domestic demand- Sometimes, due to vulnerable home demand, a united states may additionally have modern-day account surpluses.

This helps to generate capital to fund its domestic productions. With a surplus in its BoP, a u . s . a . can also lend dollars outside its borders. A surplus in BoP can help to boost the short time period financial growth of a country.

Learn more about balance of payments here:

Answer:

A regulatory body also called regulatory agency is a public authority or a government agency which is accountable for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.

Explanation:

Answer: A. You can withdraw money at any time.

Explanation:

Answer:

A. you can withdraw money any time!!

Explanation:

Hope this helps!

Answer: Making initial development private saves the government from funding all of the research.

Explanation:

A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.

Government award grants for the development of technologies, community projects, home insulation etc.

With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.

overseeing accounting and tax functions would be more typically the responsibility of a controller rather than a treasurer.

To learn more about treasurer refer to:

https://brainly.com/question/24180593

#SPJ4

When a company issues additional shares, the impact on the balance sheet would be:

1. Share capital increases and retained earnings decreases.

2. Cash increases and share capital increases.

1. Share capital increases and retained earnings decreases: Issuing additional shares results in an increase in the share capital account, representing the additional equity raised from shareholders.

However, since the company retains less earnings due to the dilution effect of issuing new shares, the retained earnings account decreases.

2. Cash increases and share capital increases: Issuing additional shares typically involves receiving cash from investors.

As a result, the cash account on the balance sheet increases. Simultaneously, the share capital account increases to reflect the additional equity issued.

3. Cash increases and retained earnings increases: If the company issues additional shares for a price above the existing share's par value, the excess amount received is recorded as additional paid-in capital, which is part of equity.

This leads to an increase in cash and an increase in retained earnings as the additional paid-in capital adds to the company's overall equity position.

To learn more about increases, visit:

https://brainly.com/question/11574751

#SPJ11