The Adjustment entry to record the estimated bad debts include debit to Bad Debt Expense of $900 and credit to Allowance for Doubtful Accounts of $900. Thus 2nd and 5th options are correct.
What is Bad debt?Bad Debt refers to the amount of loan which cannot be recovered. It is an outstanding balance which is irrecoverable. Thus in simply words it means the amount which will not be paid by the customer.
According to the given question, The credit balance is $100 in Allowance for Doubtful Accounts.
The credit sales method a specific percentage of credit sales represent bad debts of the previous period. Thus the difference amount comes under Allowance for Doubtful Accounts.
Journal Entry for the estimated bad debts is as follows:
DR. BAD DEBT EXPENSE $900
To CR. ALLOWANCE FOR DOUBTFUL ACCOUNTS $900
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Since restored historic buildings convey a positive externality, local governments may choose to
Since restored historic buildings convey a positive externality, local governments may choose to restrict demotion of them and provide tax breaks for those that choose to restore them.
What is positive externality?A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting tax breaks to companies that undertake R & D.
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In the screening and evaluation stage of the new-product process, the internal approach consists of a firm's employees evaluating Blank______.
In the screening and evaluation stage of the new-product process, the internal approach consists of a firm's employees evaluating the technical feasibility of a proposed product idea.
What is screening and evaluation stage?
screening and evaluation stage of the new-product process, involves careful analysis of the product so as to know thefeasibility in the market.
In this case, this stage, brings about firm's employees evaluating the technical feasibility of a proposed product idea.
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Answer: Continuous
Explanation:
A bond has an average return of 6.3 percent and a standard deviation of 3.8 percent. What range of returns would you expect to see 68 percent of the time on this security
The range would be 2.5 percent to 10.1 percent.
What is Expected return?
Expected return is an important financial concept investors use when determining where to invest their funds. Calculating the expected return of a specific investment or portfolio allows you to anticipate the profit or loss on that investment based on its historical performance.
FormulaExpected return = (return A x probability A) + (return B x probability B).
Since the bond holds that 68% of data lies within 1 standard deviation of the mean, the range will be +/- 1 standard deviation from the mean.
Expected return = (return A x probability A) + (return B x probability B)
Expected return = (6.3%-3.8%) to (6.3%+3.8%)
Expected return = 2.5 percent to 10.1 percent
Hence, The range would be 2.5 percent to 10.1 percent.
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Jeremy recently started working at All Tech Info Services. The company spends a lot of money on ensuring that its employees are happy, have opportunities to grow, and provided with assistance for career management. The company uses a development planning process to achieve its needs. What must Jeremy do after the company assists him in identifying his development needs
Jeremy's career development responsibility involves the recognition of the particular needs he can realistically develop.
What is career development planning?Career development planning is a long-term process by which an employee explores and manages life, learning, and work opportunities to benefit them and their employers.
Career development planning involves stages, including:
Needs assessmentExplorationPreparationImplementationDecision-Making.Thus, Jeremy's career development responsibility involves the recognition of the particular needs he can realistically develop.
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g A market constraint can be overcome by: outsourcing. lobbying. supplier development. cash flow management. advertising or price changes.
A market constraint can be overcome by advertising or price-changes.
What is a market constraint?When no suppliers can adjust their capacity in response to a change in demand, or when providers' responses do not correspond to the change in demand, the market is said to be restricted.What is cash flow management?The process of monitoring the amount of money coming into and going out of your company is known as cash flow management. This assists you in making future financial projections for your company. It also aids in determining how much cash your company needs to pay off debts, such as paying suppliers and staff.What is advertising?Advertising is a type of marketing communication that uses an overtly commercial, impersonal message to sell or promote a good, service, or concept. Businesses who want to advertise their goods or services are often the sponsors of advertising.Therefore, a market constraint can be overcome by advertising or price changes.
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To create a balanced budget one, must make sure to...
a) spend as little as possible
b) pay credit card payments first
c) spend less than or equal to income
d) pay off debts first
Answer:
c) spend less than or equal to income
by spending less than or equal to, you are balancing a budget. You are creating a balance between income and expense, which supports a steady/consistent, and logical budget.
^entire answer has been updated.
If an economy were experiencing a high rate of unemployment as the result of weak aggregate demand, a Keynesian economist would be most likely to recommend a. a reduction in taxes, without any offsetting reduction in government expenditures. b. maintenance of a balanced budget. c. a reduction in taxes coupled with a reduction in government expenditures of equal size. d. an increase in government expenditures coupled with an increase in taxes of equal size.
The recommendation by a Keynesian economist to tackle the high rate of unemployment as the result of weak aggregate demand is A. a reduction in taxes, without any offsetting reduction in government expenditures.
What is Unemployment?This refers to the situation where a person or group of persons are out of work or cannot find any work.
Hence, we can see that based on Keynesian concepts that would work to tackle unemployment based on the given scenario, the most likely recommendation would be option A.
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Which important biochemical process receives a supply of nad ions from the fermentation process during anaerobic respiration?
Answer:
Glycolysis
Explanation:
Glycolysis is the process that receives a supply of NAD+ ions from the fermentation. When cells need energy but there is no oxygen for aerobic respiration than anaerobic respiration takes place.
create a(n) _____ query to change the name of a supervisor in an employee table.
create an update query to change the name of a supervisor in an employee table. Hence, the correct answer is update query. Read below about update query.
What is an update query?An Update query is a type of action query that makes changes to several records at the same time. For example, you could create an Update query to change the name of a supervisor in an employee table.
Therefore, the correct answer is update query.
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Question 1
Which of the following is not a form of earned income?
Answer:
rental income
Explanation:
hope this is right and helps
________ is the most common fraud, but __________ is the most expensive fraud. Fraudulent financial reporting, misappropriation of assets Misappropriation of assets, fraudulent financial reporting Misdating stock options, misappropriation of assets, Cooking the books, misdating stock options.
Misappropriation of assets is the most common fraud but is the most expensive fraud in fraudulent financial reporting.
What is the most common type of accounting fraud?Wrong timing of revenue recognition is the most not unusual sort of accounting fraud the Securities and exchange fee (SEC) has taken motion in opposition to beneath its whistleblower software, say lawyers who work with employees who've come ahead.
Forms of fraud encompass tax fraud, credit score card fraud, twine fraud, securities fraud, and financial disaster fraud. Fraudulent interest may be achieved by one individual, more than one person, or an enterprise firm as a whole.
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In a brief statement, in your own words, please describe why you are an ideal candidate for this position. (retail store)
(lengthy but not too lengthy)
In a retail store, a candidate will be considered as an ideal who has good and effctive communication skills with customer handling.
What is the retail store?Retail stores are referred to as brick-and-mortar stores where there are commodities present in small quantities and where there is direct interaction with customers takes place.
Retail sales often require dealing with consumers and developing connections with them, therefore an ideal candidate should be personable and outgoing so that he can interact with the customers and their queries.
Retail sales entail talking with customers, answering their inquiries, and addressing any issues they may have. Because retail sales can be fast-paced and unpredictable, an ideal candidate should have strong problem-solving abilities.
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When starting to produce podcasts, one of the greatest expenses you will have initially is for:
A. A microphone
B. An advertising budget
C. Increasing bandwidth
D. Video production
Answer:
b
Question
When starting to produce podcasts, one of the greatest expenses you will have initially is for:
A. A microphone
B. An advertising budget
C. Increasing bandwidth
D. Video production
John Reynolds established a $500,000 trust, the income from which is to be paid to Mansfield University for general operating purposes. The present value of the income is estimated at $500,000. The Wyndham National Bank was appointed by Reynolds as trustee of the fund. What journal entry is required in Mansfield's books
Based on the trust amount and the present value of income, the journal entry in Mansfield's books is:
Date Account title Debit Credit
Beneficiary Interest in Trust $500,000
Contributions with Donor $500,000.
Imposed Restrictions
What journal entry would record the transaction?The beneficiary interest account should be debited with the $500,000 that was used to establish the trust.
It should be credited to the Contributions account but only an account that accounts for the restrictions on usage.
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A perfectly competitive apple farm produces 1,000 bushels of apples at a total cost of $36,000. The price of each bushel is $50. Calculate the firm's short-run profit or loss.
The firm's short run profit is $14,000.
What is the short run profit or loss?Short run profit or loss can be determined by subtracting total revenue from total cost. Total revenue is total units sold multiplied by price per unit.
Short run profit = total revenue - total cost
Short run profit = (1000 x 50) - 36,000 = $14,000
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This international business strategy is generally the most expensive commitment that a firm can make to an overseas market
because it normally involves the building of manufacturing plants and it is typically driven by the economic and business
dynamics of the target market.
A:Licensing
B:Outsourcing
C:Franchising
D:Foreign Direct Investment
Foreign Direct Investment is the international business strategy is generally the most expensive commitment.
What is Foreign Direct Investment?Foreign Direct Investment is the investment of the one company investment to another country. Mostly this type of business is done by the business person to expand their business in multiple countries and establish their portfilio.
Thus, option D is correct.
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Differentiation for most consumer brands can be based on.
Features, performance, or style and design, is differentiation for most consumer brands can be based on.
What differentiate the product from other products?Products can be differentiated from one product to another there are many features that apply to the product like the packaging, design, uses and specification, materials. They are also differentiated by the trademark and company.
Thus, Features, performance, or style and design.
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the nurse is preparing written information for an older adult who is to manage intermittent self-catheterization. which strategy will be most effective?
The strategy that will be most effective when preparing written information for an older adult who is to manage intermittent self-catheterization is to use short words.
What is the reason why the nurse should use short words?In this case where the nurse is preparing written information for an older adult , using of short words would make the patient to be able to understand the information.
In this case, the short word brings about simplicity which result into better understanding.
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Which athlete received the largest contract in the history of sports? mike trout lionel messi patrick mahomes lebron james.
Answer:
Lionel Messi
Explanation:
it's common sense
Assume that the markets can no longer be segmented. What would be the quantity demanded if price is 50 in a monopoly market?
The quantity demanded will remain the same because in a monopoly market, there is only one supplier, hence the demand is forced to remain inelastic to price changes.
What is a monopoly?A monopoly is a price structure where there are many buyers but only one seller.
This could be a
natural monopoly; Pure monopolyLegal monopoly etc.It is thus correct to state that the quantity demanded will remain the same because in a monopoly market, there is only one supplier, hence the demand is forced to remain inelastic to price changes.
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The use of anthropological techniques to study businesses and what some people cal organizational culture in order to assist the business is most specifically an example of...
The use of anthropological techniques to study businesses and what some people call organizational culture in order to assist the business is most specifically an example of Applied anthropology.
What is applied anthropology?Simply described, applied anthropology is "anthropology in use". It refers to any anthropological research that is carried out to address relevant issues. This indicates that the project has stakeholders and clients who stand to benefit or lose.
There are countless challenges that anthropology can help with. Some examples are business, environmental issues, health and medicine, research, education, and many more.
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Ari is a generous employer who truly values his workers. He is constantly praising the work his employees do and finds many ways to show his appreciation. Needless to say, Ari's employees like him a lot. However, they don't trust him. Ari does not like making decisions and, therefore, often fails to take care of important problems. Moreover, Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a ____________.
Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a country club manager.
What is a country club manager's style?A country club manager's leadership depicts a manager who scores low on productivity but high on concern for people.
Country club managers are attentive to the:
SecurityWell-beingHarmony of subordinates.Thus, Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a country club manager.
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Fitz Inc., a pharmaceutical company, reported net income for fiscal 2016 of $5,772 million, retained earnings at the start of the year of $57,594 million and dividends of $5,958 million, and other transactions with shareholders that increased retained earnings during the year by $11 million. If there were no additional transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year
The balance of retained earnings at the end of the year equals $57,408 million.
What is balance of retained earnings?It is calculated as adding of beginning Retained Earnings balance to the net income or loss and then dividend payouts are subtracted.
Balance of retained earnings = $57,594 million + $5,772 million - $5,958 million,
Balance of retained earnings = $57,408 million
Therefore, the balance of retained earnings at the end of the year equals $57,408 million.
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On May 31, Money Corporation's Cash account showed a balance of $13,500 before the bank reconciliation was prepared. After examining the May bank statement and items included with it, the company's accountant found the following items: Checks outstanding $ 3,050 Deposits outstanding 2,900 Non-sufficient funds check 170 Service fees 95 Error: Money Corporation wrote a check for $95 but recorded it incorrectly for $950. What is the amount of cash that should be reported in the company's balance sheet as of May 31
The amount of cash that should be reported in the company's balance sheet as of May 31 is $2,975.
What is a balance sheet?A balance sheet also referred to as a statement of financial position or a statement of financial condition in financial accounting, is a summary of the financial standing of a person or an organization, including a corporation, private limited company, sole proprietorship, business partnership, government agency, or not-for-profit organization. As of a particular date, such as the conclusion of its financial year, assets, liabilities, and ownership equity are listed. It's common to refer to a balance sheet as a "picture of a company's financial status." The balance sheet is the only one of the four fundamental financial statements that only apply at one particular period in a company's fiscal year.Solution -
Deposits outstanding = $3,050 (+)
actual amount on check my Money corporation = $95 (+)
Service fees = $170 (-)
∴ [tex]3050+95-170=2975[/tex]
So, the amount of cash that should be reported in the company's balance sheet as of May 31 is $2,975.
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Describe the 5 economic resource categories??
Answer:
there are three categories of economic resources National resources human resources and capital goods
in which way does the concept of product life cycle (plc) help marketing managers?
The concept of product life cycle (plc) help marketing managers to know when to roll out a product for sale and when to develop or produce more products.
What is product life cycle?
Product life cycle talks about the life span of a product.
It include how long a product can last before spoilage or before it becomes obsolete.
It helps managers to plan rebranding of a product and new production.
Therefore, The concept of product life cycle (plc) help marketing managers to know when to roll out a product for sale and when to develop or produce more and new products.
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Canine Industries anticipates investment in equipment designed to improve the efficiency of its operations. The company anticipates that the investment will generate $10,000 in revenue in addition to producing annual cost savings of $40,000. If the tax rate applicable to the company is 25%, what are the anticipated after-tax cash flows of the investment
The amount of after-tax cash flows for Company C on its investment is $37,500.
What is an after-tax income?After-tax income is the gains earned by the company in an accounting year that remain after adjusting its income taxes.
Given values:
Revenues: $10,000
Savings: $40,000
Total investment income: $50,000 ($10,000 + $40,000)
Rate of tax: 25%
Computation of after-tax cash flows of an investment project:
[tex]\rm\ After-tax \rm\ cash \rm\ flows=\rm\ Total \rm\ investment \rm\ income - (\rm\ Total \rm\ investment \rm\ income \times\ 25\%)\\\rm\ After-tax \rm\ cash \rm\ flows= \$50,000- (\$50,000 \times\ 25\%)\\\rm\ After-tax \rm\ cash \rm\ flows=\$37,500[/tex]
Therefore, $37,500 is the value of after-tax ash flows being earned from the investment in equipment.
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Orlando wants to become a certified public accountant. which career cluster is he interested in? a. manufacturing b. transport, distribution, and logistics c. finance d. marketing
The fact that Orlando wants to become a certified public accountant means that the career cluster he is in is C. Finance.
What career cluster is accounting?A career in accounting is found in the finance career cluster which deals with other subjects that have to do with financial services.
Apart from accounting, the finance cluster would include things like investment banking, banking, and credit analysis.
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How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.
Answer: within five days or 10
Explanation:
Employee compensation systems are generally developed and administered by ____, and pay increases and promotions are usually recommended by ____.
Employee compensation systems are generally developed and administered by "HRM specialists", and pay increases and promotions are usually recommended by "line managers".
What is Employee compensation systems?Giving employees money in exchange for their work is a systematic process known as compensation. Incentives can help with hiring, work happiness, and performance, among other things.
The purpose of a compensation system is-
To recruit new employees and keep the ones you already have working for your company are your compensation's main objectives. Compensation is also utilised to boost morale and encourage individuals to perform to their highest potential.Paid time off, disability insurance, stock option plans, health insurance, life insurance, and services like financial counselling are a few examples.To know more about the technologies helps to improve employee efficiency, here
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