When a company makes an adjustment in anticipation of future uncollectible debts:______.

Answers

Answer 1

When a company makes an adjustment in anticipation of future uncollectible debt it debits an asset account and credits a liability account.

Accounts uncollectible are receivables, loans, or other money owed that have absolutely no danger of being paid. An account might also turn out to be uncollectible for many reasons, including the debtor's bankruptcy, an incapacity to discover the debtor, fraud on the part of the debtor, or lack of proper documentation to show that debt exists.

Uncollectible debts cost is likewise known as uncollectible accounts expense or doubtful money owed fee. bad debts cost outcomes because a company added items or offerings on credit and the patron did now not pay the amount owed.

The basic approach for calculating the share of horrific debt is pretty simple. Divide the number of Uncollectible debts through the total debts receivable for a period, and multiply by means of one hundred.

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Related Questions

“Like”, “Um”, and “You know” are all examples of _____. a. standard English b. slang and filler words c. effective communication d. clear enunciation Please select the best answer from the choices provided A B C D

Answers

Answer:

B on edge:)

Explanation:

“Like”, “Um”, and “You know” are all examples of  slang and filler words. Thus, the correct option is B.

What are filler words?

Filler words, often referred to as discourse markers, are the words we employ when we are at a loss for words. Most of the time, we utilize them unintentionally to pass the time or fill the void while we prepare our primary message.

The most common filler words are found in speech. Our minds periodically need to pause when we talk while we consider our next words or phrase.

Filler words can also convey a particular attitude or feeling, such as joking reservation before breaking unpleasant news. Conciseness is essential for effective communication, both verbally and in writing. In essence, your words become stronger the less you use of them.

Filler words can be found in writing as well, although they serve different functions. Writers usually utilize filler words in their writing when they are at a loss for more precise or creative alternatives. Other times, they happen by mistake while the writer tries to clarify a challenging concept.

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so whos gonna help me with my family and consumer science finals :/

Answers

that’s a great question. i need help with my finals too so i really couldn’t say

MULTIPLE CHOICE: Scar stole Mufasa's debit card and used it to buy a vacation package to the Savannah. Which account would the money come out of? (choices are savings, checking, certificate of deposit, and online checking)

Answers

Answer:

Savings.

It cannot come from certificate of deposit or online checking, since it is a debit card.

Categorize each sales medium as an example of a direct sales channel or an indirect sales channel.




franchises

agents

kiosks

sales representatives

distributors

Answers

The consumer can purchase and receive products directly from the manufacturer through a direct distribution channel. An indirect route transports goods from the maker to the consumer by way of a number of middlemen.

Franchises - Indirect sales channel.

Agents - Indirect sales channel.

Kiosks - Direct sales channel.

Sales representatives - Indirect sales channel.

Distributors - Direct sales channel.

For a firm, each distribution method has benefits and drawbacks. The choice that is preferable must be made by those involved in corporate governance and management.

Therefore, each sales medium as an example of a direct sales channel or an indirect sales channel is explained above.

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Suppose Nationwide increases the insurance premium they charge for their auto policies by 12 percent. In​ response, the demand for State Farm auto policies in a small town increases from 3 comma 000 to 3 comma 300. What is the​ cross-price elasticity of demand for State Farm auto policies in this​ town? Using the midpoint​ formula, the​ cross-price elasticity of demand for State Farm auto policies is nothing. ​(Enter your response rounded to three decimal​ places.)

Answers

Answer:

0.794

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity of demand = percentage change in quantity demanded of good A / percentage change in price of good B

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 3300 - 3000 = 300

average of both demands = (3300 + 3000 ) / 2 = 3150

300/3150 = 0.095238 = 9.5238%

Cross price elasticity = 9.5238% / 12% = 0.794

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

Which preamble objective is addressed by each of the big five budget categories? (A budget category may fit more than one preamble goal.)
1) Medicare/Medicaid
2) social security
3) defense
4) safety net programs
5) interest on debt

Answers

2) social security is the correct answer

Cindy Haskins is paid $9.00 an hour. Her overtime rate is 2 times (double time) her regular hourly rate. This week Haskins worked her regular 40 hours plus 8 hours of overtime. What is her total pay?

Answers

Her entire compensation is $504.

The term "total pay" means what?

Total Pay is the sum of a worker's regular straight-time pay or base salary plus any additional wages received for overtime, shift differentials, incentive pay, bonuses, and other special payments.

The following formula will be used to determine Cindy Haskins' total compensation:

Hourly Payment per hour= $9.00

Hours worked= 40 hours

Payment = 40 X 9 = $360

Overtime payment per hour = $9.00 X 2= $18

Overtime = 8 hours

Payment = 18 X 8= $ 144

Total Payment= $360 + $144= $504

How do you figure up total pay?

The number of hours worked multiplied by the hourly wage of an employee is how gross wages for hourly workers are determined. For instance, if a worker does 25 hours per week of part-time employment at a wage of $12, their gross compensation would be $300 (25 x $12 = 300).

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Think about where you will be in your career and your life five years into the future. Create a list of the jobs that you think you will have, the additional skills you might develop, and the further education you will pursue. Using this list, prepare a résumé for yourself that reflects where you believe you will be in five years. Once you have prepared the résumé, share it with someone in your family or with a close friend. Ask them for their insight as to whether the résumé is an accurate portrayal of where they think you will be in five years. If their opinion is different from yours, can you determine why? How might this information factor into your present and future career decision-making?

Answers

Explanation:

It is essential that when choosing the business administration course there is a directing of the student to one of the multiple administrative areas in which a career can be built.

Assuming that there is an interest in building a career with a focus on entrepreneurship in the market, it is necessary that there are significant skills for entrepreneurs, that is, communication skills, flexibility, and conceptual skills, which allow the administrator a broad view of the business, coordinating and controlling its resources to position itself favorably in the competitive market.

If your focus is to open a new business, it is necessary that you evaluate your profile, considering that this is an activity that requires resilience, organization, a lot of study and determination. When preparing your resume and asking for the opinion of people close to you, analyze if the characteristics of an entrepreneur will match yours, and adjust to develop them if necessary, seek support material, such as great scholars, scientific articles, try to observe the business scenario, and dedicate yourself to making your business prosper.

A down payment is usually what percentage of the asking price of a home?

Answers

Answer:

In most cases, you need a down payment of at least 3 percent of your target home price. Many loan types and lenders require 5 percent down or more. You can often save money if you put down at least 10 percent of the home price, and you'll save the most if you put down at least 20 percent.

Explanation:

i hopes this helps you

Answer:

5-20

Explanation:

I am built different

Regina, a 25-year-old professional, wants to start an investment portfolio. What strategy may her financial advisor suggesta

A.Start a moderate portfolio and shift to high risk later in life.

in luce

B.Invest only in national companies.

C.Buy 100% international stocks.

D. Choose a high-risk portfolio now and change it, if needed, in the future.

Answers

Answer:

A.Start a moderate portfolio and shift to high risk later in life.

Explanation:

Investment portfolio may be defined as the financial investments done by one. It is the collection or ownership of various assets and stocks, bonds, real estates, cash, etc.

In the context, Regina who is 25 year old wishes to start an investment plan. For this her financial advisor may suggest her to start her investment in a moderate portfolio and then later may shift to a high risk portfolio. This is because Regina is young and is new to investment. She is not experience enough to invest in high risk portfolio. When she gains knowledge about investments in her life then she can properly plan her investment in order to achieve maximum profit.

if you were a businessman,how would you handle home trade?

Answers

Answer:

1+1>2 effective and efficient

A key assumption of the supply and demand model is that: firms will continue to raise prices until profits become positive. each firm produces at a level of output at which price exceeds marginal cost. each firm's good is unique and cannot be duplicated by other firms in the market. each firm in the market produces an identical good.

Answers

Answer:

each firm in the market produces an identical good.

Explanation:

In the case of the supply and demand model there is a key assumption that tells that each & every firm in the market would generate or produce the same kind of good as it produced homogenous product instead producing different kind of goods

So according to the given situation the last option is correct

ANd the rest of the options would be wrong

Why do competitive markets move toward equilibrium?

Answers

Markets tend toward equilibrium because when a shortage exists, consumers who are unhappy about not being able to purchase the products or services they want will tend to bid the prices higher, moving the market toward equilibrium.

To prevent commingling and accidentally using the funds from one income property to pay for the expenses of another, a broker should ______.

Answers

To prevent commingling and accidentally using the funds from one income property to pay for the expenses of another, a broker should Establish a separate escrow account for each property.

The California Real Estate Law (also known as the License Law) is contained in Sections 10000 through 10580 of the Business and Professions Code. The purpose of the law is to regulate the real estate profession and protect the public from incompetent, unethical, or dishonest realtors.

Most homebuyers are interested in being part of the community. Everyone's definition of remote is different, so it's not specific. Burglars may see this as an opportunity to break into your home unnoticed.

The practice of commingling funds occurs when a transaction sponsor/investment manager pools an investor's funds into one account. In commercial real estate investing, fund mergers are perfectly acceptable provided the practice is disclosed to investors and their consent is obtained.

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Bonds that can be exchanged for shares of equity at the owner's discretion are called what? [CH-7] a. Debenture. b. Indenture. c. Callable bond d. Convertible bond. e. Putable bond. Select one: a b c d e

Answers

Bonds that can be exchanged for shares of equity at the owner's discretion are called convertible bonds. Option D is the correct answer.

A convertible bond is a type of bond that allows the holder to exchange the bond for other securities, typically common stock or equity shares, at a specific price. A convertible bond's conversion ratio specifies the number of shares of equity that can be obtained by converting the bond. As a result, a convertible bond has features of both debt and equity, making it a hybrid instrument.

In conclusion it is stated that option D: "convertible bond" is the correct answer.

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What’s the difference between a brand name and a private title

Answers

Answer:

Private brands tend to be cheaper than name brand goods

Explanation:

You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.

Answers

Answer:

3.2%

Explanation:

this is an ordinary annuity:

future value of an ordinary annuity = annual payment x future value annuity factor

$366,000 = $11,000 x future value annuity factor

future value annuity factor = $366,000 / $11,000 = 33.2727

you can solve this in two ways:

the first is with a lot of math work in order to solve the following equation

33.2727 = [(1 + i)²³ - 1] / i

or

you can use an annuity calculator (available online) which will yield 3.2%

Which best describes how an investor makes money from an equity investment?

by earning interest
by selling the asset for a profit
by raising capital
by growing the asset

Answers

Answer:

b

Explanation:

got it right on test

Selling the asset for a profit is the method in which investor makes money from an equity investment.

Who is an Investor?

This is an individual which puts in money into a organization or program in order to get profit.

In an equity investment which involves the purchase of shares oif the company from the stock market, the investor makes money through selling the asset for a profit.

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Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of units produced as the allocation base. The controller has recommended changing to an activity-based costing (ABC) system. She has collected the following information:
Activity Cost Driver Amount M XY
Production Setups # of Setups $73,000 12 28
Material Handling # of Parts $42,000 72 18
Packaging Costs # of Units $153,750 75K 50K
$268,750
What is the total overhead per unit allocated to Product M using activity-based-costing(ABC)?

Answers

Allure Company's total overhead cost using activity-based costing (ABC) is $22.12 per unit for Product M. This is a more accurate allocation method than the previous unit-based allocation as it considers different cost drivers for each activity.

To calculate the overhead per unit allocated to Product M using activity-based-costing (ABC), we need to follow these steps

Calculate the total cost of each activity by multiplying the cost driver with the cost per unit of the activity:

Production setups: 40 setups x $6,100 per setup = $244,000

Material handling: 90 parts x $466.67 per part = $42,000

Packaging costs: 75,000 units x $2.05 per unit = $153,750

Add up the total costs of each activity to get the total overhead cost: $244,000 + $42,000 + $153,750 = $439,750

Calculate the overhead rate for each activity by dividing the total cost of the activity by the total amount of cost driver for that activity

Production setups: $244,000 ÷ 40 setups = $6,100 per setup

Material handling: $42,000 ÷ 90 parts = $466.67 per part

Packaging costs: $153,750 ÷ 125,000 units = $1.23 per unit

Calculate the total overhead cost for Product M by multiplying the overhead rate for each activity by the amount of cost driver for that activity:

Production setups: 12 setups x $6,100 per setup = $73,200

Material handling: 72 parts x $466.67 per part = $33,600

Packaging costs: 75,000 units x $1.23 per unit = $92,250

Add up the overhead cost for each activity to get the total overhead cost for Product M

$73,200 + $33,600 + $92,250 = $199,050

Divide the total overhead cost for Product M by the number of units of Product M to get the overhead per unit:

$199,050 ÷ 9,000 units = $22.12 per unit.

Therefore, the total overhead per unit allocated to Product M using activity-based-costing (ABC) is $22.12 per unit.

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During the current year, Geraldine has Section 1231 gains totaling $13,000. She also has $3,000 of Section 1231 losses. Three years ago, Geraldine reported a net Section 1231 loss of $6,000. Which of the following correctly describes the amount and treatment of the gain?A)$6,000 is treated as long-term capital gain, $4,000 is treated as ordinary incomeB)$6,000 is treated as ordinary income, $4,000 is treated as long-term capital gainC)10,000 is treated as long-term capital gainD)$10,000 is treated as ordinary income

Answers

During the current year, Geraldine has Section 1231 gains totaling $13,000. She also has $3,000 of Section 1231 losses.

What is ordinary income?

Ordinary income is income that is not subject to special tax treatment in the form of lower tax rates or other tax preferences. It is the most common form of income and includes wages, salaries, tips, commissions, bonuses, and net income from self-employment.

It also includes most types of investment income, such as dividends, interest, and capital gains, as well as rental income and any other income reported on IRS Form 1040. Ordinary income is subject to taxation at the taxpayer's marginal tax rate, which can range from 10% to 37%.

Three years ago, Geraldine reported a net Section 1231 loss of $6,000. Which of the following correctly describes the amount and treatment of the gain.$6,000 is treated as long-term capital gain, $4,000 is treated as ordinary income.

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Your revenue is $353,522. Your Cost of Goods Sold are $124,555 and your Operating expenses are $170,124. What is your gross margin?

Answers

Answer:

$228,967

Explanation:

Gross margin or gross profit is the amount of money remaining after subtracting the cost of goods sold from net sales. The net sale is the actual Revenue after adjusting for discounts, returns, and damaged inventory.

Gross margin is calculated using the formula,

Gross margin = Revenue - costs of goods sold

In this case

Gross margin = $353,522- $124,555

Gross margin =$228,967

At what age can you start working?

Answers

Answer:

Explanation:

depends on where you live

Explanation:

It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14

Bubbly Waters currently sells 300 Class A spas, 450 Class C spas, and 200 deluxe model spas each year. The firm is considering adding a mid-class spa and expects that if it does, it can sell 375 units per year. However, if the new spa is added, Class A sales are expected to decline to 225 units while the Class C sales are expected to increase to 475. The sales of the deluxe model will not be affected. Class A spas sell for an average of $12,000 each. Class C spas are priced at $6,000 and the deluxe models sellfor $17,000 each. The new mid-range spa will sell for $8,000. What annual sales figure should you use in your analysis? a. $3,750,000 b. $750,000 c. $2,250,000 d. $3,000,000 e. $4,050,000

Answers

The annual sales figure we should use in our analysis is $11,950,000. The correct answer is not provided in the options given.

To answer this question, we need to calculate the total revenue for each type of spa before and after the addition of the mid-class spa.
Before: Class A spas: 300 x $12,000 = $3,600,000 Class C spas: 450 x $6,000 = $2,700,000 Deluxe spas: 200 x $17,000 = $3,400,000  Total revenue: $9,700,000
After: Class A spas: 225 x $12,000 = $2,700,000 Class C spas: 475 x $6,000 = $2,850,000 Mid-class spas: 375 x $8,000 = $3,000,000 Deluxe spas: 200 x $17,000 = $3,400,000 Total revenue: $11,950,000
Therefore, the annual sales figure we should use in our analysis is $11,950,000. The correct answer is not provided in the options given.

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Why should people be cautious when considering a loan with a variable
interest rate?
О
A. Borrowers are locked in at the rate that is offered.
О
B. The interest rate may increase after an introductory period.
C. The interest rate may decrease if more competitive rates are
offered
D. An annual percentage rate is not required on variable rates.

Answers

Answer: B - The interest rate may increase after an inductor period.

B. The interest rate may increase after an introductory period.

What Is the Danger of Taking a Variable Rate Loan?

Your lender can trade your hobby fee at any time. at the same time as this does present possibilities for lower interest quotes, you could additionally be assessed hobby at better costs that are increasingly developing. there may be no way of understanding what your future hobby fee exams could be underneath a variable fee agreement. Therefore, you can grow to be with insufficient coins glide to pay down monthly payments as the one's payments may also grow inside the future.

Interest costs are much more likely to decline all through periods of slower financial interest. To encourage business improvement and process advent, the Federal Reserve will often decrease fees which forces decreased borrowing prices for loans on a variable rate.

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Which of the following best describes managerial ethics?

Answers

Answer: It is the standard of conduct that guides a person's decisions and behavior.

someone help me plz Why is the 50-20-30 rule easy for people to follow, especially those who are new to budgeting and saving?

Answers

Answer:

makes it simpler and more organized to figure out how to spend $, less overwhelming, financial stability.

Note that common skills are listed toward the top and less common skills are listed toward the bottom. According to O*NET, what are some common skills needed by Lawyers? Select four options.

installation
active listening
speaking
critical thinking
reading comprehension
equipment maintenance

Note that common skills are listed toward the top and less common skills are listed toward the bottom.

Answers

The common skills needed by lawyers are active listening, speaking, critical thinking and reading comprehension.

The skills can be noted as -

Active Listening - To completely comprehend their viewpoints and obtain all pertinent facts, attorneys need to listen intently to their clients, witnesses, and other parties involved in a case.Speaking - Lawyers need to be able to communicate clearly both orally and in writing with their clients, juries, judges, and other lawyers.Critical Thinking - Lawyers must be able to evaluate intricate legal issues and create plans for resolving conflicts and attaining their clients' objectives.Reading comprehension - Complex legal papers, court rulings, and other important items must be read and understood by lawyers.

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The four seasons spa and salon has retained a marketing consultant to assist them with its annual strategic planning retreat. Shantelle stevens, the owner of the salon, is reviewing the agenda for the meeting and observes that the sequence of activities follows the strategic planning process discussed in her marketing class many years ago. What is the first activity the organization should pursue as part of its strategic planning process?.

Answers

Firms are known to have goals. the first activity the organization should pursue as part of its strategic planning process is to;

Review or establish the organization's mission and goals.

What is the mission and goals of the Organization about?

The mission of any firm is said to show or depicts the organization's past and present by using or stating why the organization exists.

It also talks about the role a firm plays in society. Goals are said to be some key aims that organizations have to pursue so as to reach their visions and missions.

The best goals are regarded as SMART. which means: specific, measurable, achievable, realistic, and time-bound.

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A rising GDP and a falling unemployment rate are most likely indicators that an economy is in which phase of the business cycle?

answer: expansion

Answers

A rising GDP and a falling unemployment rate are most likely indicators that an economy is in the expansion phase of the business cycle.

During the expansion phase, the economy experiences an increase in economic activity and employment opportunities, resulting in a rise in GDP and a decline in unemployment rate. This phase is typically characterized by increased consumer and business spending, rising stock prices, and increasing confidence in the economy. The expansion phase is usually followed by the peak, recession, and trough phases in the business cycle.

The business cycle refers to the fluctuation of economic activity in an economy over time. It is typically characterized by alternating periods of expansion and contraction, with the peak, recession, and trough phases in between. Various factors contribute to the business cycle, including consumer spending, business investment, and government policies.

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calvin becomes frustrated whenever he tries to open a new bottle of his favorite mouthwash. he tries to twist the cap off, but it doesn't work. he tries to press the cap down and it doesn't work. finally, he presses the cap down and twists it at the same time. then the cap is released, and the mouthwash is opened. what aspect of the product is unsatisfactory to calvin?

Answers

The aspect of product that is unsatisfactory to Calvin is a. Packaging.

The wisdom, art, and technology of packaging involves confining or securing goods for distribution, storehouse, trade, and use. The process of creating, assaying, and designing packages is occasionally appertained to as packaging. Packaging can be allowed of as a well- organized system for setting up products for trade, warehousing, logistics, and final operation.

Packaging helps to transport, cover, save, inform, and vend. It's fully integrated into marketable, institutional, artificial, and particular use in numerous nations. Tinplate has been used for packaging since the 18th century.

For a long time, Bohemia held the monopoly on the product of tinplate. still, in 1667, Ambrose Crowley and English mastermind Andrew Yarranton transferred the process to England, where it was perfected by ironmasters like Philip Foley.

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Correct question:

Calvin becomes frustrated whenever he tries to open a new bottle of his favorite mouthwash. He tries to twist the cap off, but it doesn't work. He tries to press the cap down and it doesn't work. Finally, he presses the cap down and twists it at the same time. Then the cap is released, and the mouthwash is opened. What aspect of the product is unsatisfactory to Calvin?

a. Packaging

b. Quality

c. Image

d. Uniqueness

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