Answer:
S/n Accounts titles Debit Credit
1. Cash[$151,300 - ($67,500*4%)] $148,600
Sales Discounts ($67,500*4%) $2,700
Accounts Receivable $151,300
2. Accounts Receivable $5,670
Allowance for Doubtful Accounts $5,670
Cash $5,670
Accounts Receivable $5,670
3. Allowance for Doubtful Accounts $24,800
Accounts Receivable $24,800
4. Bad Debt Expense $15,430
Allowance for Doubtful Accounts $15,430
Workings:
$24,600 + $5,670 - $24,800 = $5,470
$20,900 - $5,470 =
What is the folder in which the file named script is contained?
Answer:
The folder name is "script "
Since a cell phone is a private good, if Neha chooses to spend $300 on a cell phone, Neha would get $300 of benefit from the cell phone and Teresa wouldn't receive any benefit from Neha's choice. If Neha still spends $300 on a cell phone and Teresa chooses to contribute $300 to the public park, Neha would still receive the $270 of benefit from Teresa's generosity. In other words, if Neha decides to keep the $300 for a cell phone and Teresa decides to contribute the $300 to the public project, then Neha would receive a total benefit of $300 $270
Answer:
In other words, if Neha decides to keep the $300 for a cell phone and Teresa decides to contribute the $300 to the public project, then Neha would receive a total benefit of:
$570.
Explanation:
Neha has, in this situation, maximized his benefits to the detriment of the public good. This is an illustration of the tragedy of the commons. The tragedy of the common is an economic problem that explains the loss that the society incurs when some persons like Neha neglect to contribute to the common good because they are solely concentrated on pursuing their individual goals for personal gains.
Which of the following costs is most likely NOT included in a bill from the university for a college student living on campus?
Select the best answer from the choices provided.
OA. tuition
OB.
cell phone
Ос.
fees
OD. housing
Answer:
B. cell phone
Explanation:
Out of all the following costs, the most likely not to be included in a bill from the university for a college student living on campus is "Cell Phone."
This is because except a student is on full scholarship, Tuition is a must cost to be included in the bill.
Also, student fees that cover extra costs like insurance, and health care are usually included in student bills.
Similarly, the housing cost covers a hostel or off-campus accommodation for students. Hence it is also included in the student bill.
Hence, the correct answer is the cost of a "Cell phone." Which doesn't concern the school whether a student has or not.
In general, improvements in technology that is used to produce a good will result in ___________.
a decrease in supply
a shortage of the good
an increase in supply
higher operating costs
Answer:
first one
Explanation:
because I am a teacher and I know this
Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Division L Division Q Sales $596,000 $170,000 $426,000 Variable expenses 338,000 103,700 234,300 Contribution margin 258,000 66,300 191,700 Traceable fixed expenses 116,060 39,200 76,860 Segment margin 141,940 $ 27,100 $ 114,840 Common fixed expenses 43,950 Net operating income $ 97,990 The break-even in sales dollars for Division Q is closest to:
Answer:
$100,512
Explanation:
Break even point is the level at which a Company makes neither a profit nor a loss.
Break Even (Sales Dollars) = Fixed Costs ÷ Contribution margin
therefore,
Break Even (Sales Dollars) = $39,200÷0.39
= $100,512
The break-even in sales dollars for Division Q is closest to $100,512
Which of the following is not an important factor to assess when identifying appropriate precedent transactions?
Answer:
how to answer that ?????
The factor that is not important for the identification of precedent transactions is Accretive/dilutive effect of the transaction on the acquirer. Thus, option 2nd is correct.
What is precedent transaction?Precedent transaction refers to the valuation process of the price being paid for the similar companies in the past is taken into account as a gauge of a valuation of company's value.
An estimation of a share's value in the event of an acquisition is produced through precedent transaction analysis. It is the limitation of the precedent transaction that past cost may not reflect the prevailing conditions of the market.
Therefore, it can be concluded that The accretive or dilutive effect of the acquisition on the acquirer is a criterion that is not crucial for identifying prior transactions. Hence, option 2nd is correct.
Learn more about Precedent transaction here:
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Your question is incomplete, but most probably the full question was...
Which of the following is not an important factor to assess when identifying appropriate precedent transactions?
1) Transaction rationale
2) Accretive/dilutive effect of the transaction on the acquirer
3) Transaction size
4) Industry & financial characteristics
Diamond Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $59 per unit. The company, which is currently operating below full capacity, charges factory overhead to production at the rate of 40% of direct labor cost. The fully absorbed unit costs to produce comparable carrying cases are expected to be as follows:
Direct materials $35.00
Direct labor 18.00
Factory overhead (40% of direct labor) 7.20
Total cost per unit $60.20
If Diamond Computer Company manufactures the carrying cases, fixed factory overhead costs will not increase and variable factory overhead costs associated with the cases are expected to be 15% of the direct labor costs.
Prepare a differential analysis dated February 24 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the carrying case. If an amount is zero, enter zero "0". If required, round your answers to two decimal places. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answer:
Diamond Computer Company
The company should make (Alternative 1) the cases.
Explanation:
a) Data and Calculations:
Purchase price of portable computer cases = $59 per unit
Alternative 1: Make
Direct materials $35.00
Direct labor 18.00
Variable overhead 2.70 (15% of $18.00)
Total variable cost $55.70
Alternative 2: Buy
Purchase price = $59
b) A make or buy decision is determined by preparing a differential analysis. The differential or incremental analysis evaluates the changes in revenues, costs, and profits resulting from Diamond's decision to make or purchase the computer carrying cases.
During its first year of operations, Dudu Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $14,000. General, selling, and administrative expenses were $16,000. The company produced 5,000 units and sold 4,000 units for $30.00 a unit. The average product cost per unit is which of the following amounts?
a. $16.00
b. $18.40
c. $25.00
d. $20.00
Answer:
Average production cost= $20
Explanation:
The product cost is the sum of direct material, direct labor, and allocated overhead. First, we need to calculate the total production costs:
Total production costs= 50,000 + 36,000 + 14,000= $100,000
Now, the average production cost:
Average production cost= total costs / units produced
Average production cost= 100,000 / 5,000
Average production cost= $20
Aggregating potential car buyers into groups that have common needs and will respond in the same way to a marketing campaign is a process known as Multiple Choice market positioning. market segmentation. market cataloging. market differentiation. product differentiation.
Answer:
Aggregating potential car buyers into groups that have common needs and will respond in the same way to a marketing campaign is a process known as:
Market segmentation.
Explanation:
Market segmentation is a marketing effort by a business entity to classify its customers into groups according to similar characteristics and based on Demographic, Psychographic, Geographic, and Behavioral segments. Market segmentation helps the entity to identify market opportunities, design products, time marketing efforts, select appropriate media, and efficiently allocate resources to achieve its marketing goals.
Indiana Co. began a construction project in 2021 with a contract price of $163 million to be received when the project is completed in 2023. In 2021, Indiana incurred $35 million of costs and estimates an additional $83 million of costs to complete the project. Indiana recognizes revenue over time and this project recognizes revenue over time according to the percentage of the project that has been completed.
Indiana:___________
A. Recognized no gross profit or loss on the project in 2021.
B. Recognized $81.00 million loss on the project in 2021.
C. Recognized $38.00 million loss on the project in 2021.
D. Recognized $13.50 million gross profit on the project in 2021.
Answer:
D. Recognised $13.5 million gross profit on the project in 2021.
Explanation:
Firstly, we will begin by getting how much of the project has been completed
$35 million of the cost has been incurred and a further $83 million left
This means that the total cost would be;
= $35 + $83
= $118
If $35 million of the cost has been incurred, we can find out how far the project is using its proportionality .
= 35/118
= 0.297
= 29.7% of the project has been completed.
The above implies that we can apportion 29.7% of the contract price to 2021.
= 29.7% × $163 million
= $48.411 can be recognised as revenue
The cost till date is $35 and there were no costs in the previous year as this is the first year of the project.
Hence, the gross profit would be;
= $48.411 million - $35 million
= $13.5 million
Solve the following problem to find the maximum profit by creating a spreadsheet.
a. A company is making Boats and Motors. The boats sell for $22,000 and the motors sell for $15,000.
b. There are 3 factories available to make the products.
c. Factory 1 requires 9 hours to make a boat and is not capable of making motors. It has 84 hours available.
d. Factory 2 does not have the capability to make boats and requires 3 hours to make a motor. It has 40 hours available.
e. Factory 3 requires 16 hours to make a boat and 5 hours to make a motor. It has 120 hours available.
Answer:
Maximum profit = $765,333.33
Explanation:
Note: See the attached excel file for the calculation of the maximum profit (in bold red color).
In the calculation, it is assumed that selling price per unit is the same thing as the profit per unit since we are not given the cost per unit.
Therefore, from the attached excel file, we have:
Maximum profit = $765,333.33
During June, Lionel Magazine sold for cash an advertising space for $1200 total to be run in the July through December issues. On that date, the Lionel Magazine Company properly recognized Unearned Revenue. The adjusting entry to record on July 31 for the first month of advertising space includes:
Answer:
Lionel Magazine
The Adjusting Journal Entry to record on July 31 for the first month of the advertising space sold includes a:
Debit to the Unearned Revenue account with $200
and
Credit to Earned Advertising Revenue account with $200
This will reduce the Unearned Revenue account by $200 being the amount for July (one month) and at the same time, increase the Earned Advertising Revenue account by $200.
Explanation:
a) Data and Analysis:
Unearned Revenue $200 Earned Revenue $200 ($1,200/6)
Answer:
Lionel is a resident at a personal care home. A direct care staff person threatened to steal Lionel’s collection of car magazines if he did not socialize with other residents during recreational activities. The threat of stealing Lionel’s magazines is an example of ____________.
Explanation:
George is an entrepreneur who owns a large office that has a few meeting rooms. Almost every day, he sees that there are conflicts between employees over the use of the meeting rooms. As a solution, George posts a schedule for the meeting rooms so that his employees can reserve the rooms going forward. Which skill has George demonstrated in the scenario? A. time management skills B. resource management skills C. task management skills D. speaking skills
Answer:
Explanation:
B : resource management skills
just trust
A borrower is interested in comparing the monthly payments on two otherwise equivalent 30 year FRMs. Both loans are for $100,000 and have a 7% interest rate. Loan 1 is fully amortizing, where as Loan 2 has negative amortization with a $120,000 balloon payment due at the end of the life of the loan. How much higher is the monthly payment on loan 1 versus loan 2
Answer:
The monthly payment in Loan 1 is higher than in loan 2 by:
(665.30 - 566.94) = $98.36
Explanation:
Solution:
Comparison of Loan 1 and Loan 2 in terms of monthly payments.
For the first loan, we have to calculate equal monthly payments with the following details:
Principal = $ 100,000,
Monthly Interest rate = 7/12 = 0.58% ,
Term = 360 months
Use the PV = C (1 - (1+r)-n ) / r ,
where PV = Principal, r = monthly rate, n = 360 and
find C (EMI) = $665.30
NOTE: (Excel function is used: PMT(rate, year, PV) formula for convenience)
For Loan 2, we have to understand a few things.
The original loan principal is $ 100,000,
but you are allowed to do a balloon payment of $ 120000 at the end of 30 years.
The present value of the Balloon payment can be deducted from the principal to find out the monthly cash payments to be done.
The monthly payments will of course be lower since a lump sum balloon payment is done at the end.
The calculation is similar to the above. In this scenario, the Monthly payment comes out to be $ 566.94
Hence,
The monthly payment in Loan 1 is higher than in loan 2 by:
(665.30 - 566.94) = $98.36
Bonds issued by XYZ have a par value of $1000, were priced at $1,220.00 six months ago, and are priced at $1,140.00 today. The bonds pay semi-annual coupons and just made a coupon payment. If the bonds had a percentage return over the past 6 months (from 6 months ago to today) of -2.10%, then what is the current yield of the bonds today
Answer:
9.54%
Explanation:
-0.021 = ($1,140 + D - $1,220) / $1,220
-$25.62 = -$80 + D
$54.38 = Dividend (semiannual)
current yield = annual dividends / current price
annual dividends = $54.38 x 2 = $108.76
current price = $1,140
current yield = $108.76 / $1,140 = 0.0954 = 9.54%
Under an installment contract, a buyer can:
a. Reject an installment if the nonconformity substantially impairs the value of the installment without giving the seller an opportunity to cure
b. Hold the seller in breach of the entire installment contract when a nonconforming installment substantially impairs the value of that installment alone.
c. Reject an installment no matter how minor the nonconformance is.
d. None of these answers.
Answer:
b. Hold the seller in breach of the entire installment contract when a nonconforming installment substantially impairs the value of that installment alone.
Explanation:
In installment contract, the seller and the buyer agrees on the ways through which the buyer will pay for the goods which he or she purchases installmentally rather than a one off payment. In a situation where the agreement has been reached, it expected that the buyer and the seller to conform to the said agreement. However,the seller is hold in breach of the entire installment contract if there is impairment of the value of the goods substanstially.
During its first year of operations, Mack's Plumbing Supply Co. had sales of $550,000, wrote off $8,800 of accounts as uncollectible using the direct write-off method, and reported net income of $60,500. Determine what the net income would have been if the allowance method had been used, and the company estimated that 2.5% of sales would be uncollectible.
Answer:
$60,500
Explanation:
With regards to the above, the write off does not affect the realizable value of accounts receivables. Also, the total asset or net income is not affected by the write off or specific account. Instead, both assets and net income are affected in the period when bad debt expense is predicted and then recorded with an adjusting entry.
Accounts receivables
$550,000
Less:
Allowance for doubtful account
($550,00 × 2.5%)
($13,750)
Estimated realizable accounts receivables
$536,250
If the amount of bad debt decreases or increases as given below, then the income is also increased or decreased by the amount given.
Bad debts = $13,750
Uncollectible previously written off = $8,800
Difference
$4,950
Net income
$60,500
Less:
Difference
($4,950)
Reported income
$55,550
Calculate the balance of cash using a bank reconciliation (LO4-5) Spielberg Company's general ledger shows a checking account balance of $22,830 on July 31, 2021. The July cash receipts of $1,745, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $41. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,320. The bank statement shows a balance of $22,364 on July 31.
Required:
1. Prepare a bank reconciliation to calculate the correct ending balance of cash on July 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) SPIELBERG COMPANY Bank Reconciliation July 31, 2021 Bank's Cash Balance Company's Cash Balance Per General Ledger Per Bank Statement Bank Balance per Reconciliation Company Balance per Reconciliation
2. Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a tra select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the amounts that increase cash. Note: Enter debits before credits General Journal Debit Credit Date July 31, 2021
Answer:
A. Bank balance per reconciliation $22,789
Company balance per reconciliation $22,789
B. No journal entry required
Dr Service fees expense $41
Cr Cash $41
Explanation:
A Preparation of a bank reconciliation to calculate the correct ending balance of cash on July 31, 2021
Bank Reconciliation
July 31 2021
Bank Cash balance
Per bank statement $22,364
Add Deposits outstanding $1,745
Checks outstanding -$1,320
Bank balance per reconciliation $22,789
Company Cash balance
Per generall edger$ 22,830
Service Fees -$41
Company balance per reconciliation $22,789
B. Preparation of the journal entry to adjust the balance for cash.
No journal entry required
Dr Service fees expense $41
Cr Cash $41
When dragons on planet Pern lay eggs, the eggs are either green or yellow. The biologists have observed over the years that 26% of the eggs are yellow, and the rest green. Next spring the lead scientist has permission to randomly select 67 of the dragon eggs to incubate. Consider all the possible samples of 67 dragon eggs.
1. What is the mean number of yellow eggs in samples of 67 eggs? (that is the same as asking for the expected value of the number of yellow eggs)
(Give answer correct to at least one decimal place.)
mean =
2. What is the standard deviation in the number of yellow eggs in samples of size 67?
(Give answer correct to at least one decimal place.)
standard deviation =
3. What is the variance in the number of yellow eggs in samples of size 67?
(Remember to calculate the answer using at least 5 decimal places, then give answer correct to at least one decimal place.)
Answer:
μ= 17.42
var= 12.891= 12.9
σ = 3.59
Explanation:
As the number of trials are fixed i.e 67 and the success is also fixed i.e 26% or 0.26 this is treated as a binomial experiment.
The mean of the binomial experiment is calculated as
μ= np = 67*0.26= 17.42
This is the same as the expected value of number of yellow eggs.
E(y)= np=μ= 67*0.26= 17.42
The variance of the binomial experiment is calculated as
var= npq = 67*0.26(1-0.26)= 67*0.26(0.74)= 12.8908= 12.891
The standard deviation of the binomial experiment is calculated as
σ =√npq= √12.8908= 3.590376 = 3.59038= 3.5904 = 3.590= 3.59
You are thinking about the things that can go wrong on your trip home over the Thanksgiving break. You have booked a flight with US-Scareways. You know that in 35 percent of the cases the company has canceled the flight you were on. Should such a thing occur, there would be no other air travel option home for you. As a backup, your friend Walter has offered you a ride back. However, you know that Walter only has a seat in his car for you with 70 percent probability.
What is the probability of you making it home for the holidays?
Answer: 89.5% or 0.895
Explanation:
Probability of you making it home if the flight is canceled:
= Probability that flight is canceled * probability that Walter has a seat
= 35% * 70%
= 24.5%
Probability of you making it home by flight:
= 100% - 35%
= 65%
Probability of you making it home for the holidays:
= Prob. if flight is canceled + Prob. by flight
= 24.5% + 65%
= 89.5%
distinguish between elasticity and slope
Answer:
Elasticity is the ratio of the percentage changes. The slope of a demand curve, for example, is the ratio of the change in price to the change in quantity between two points on the curve.
Hope it helps!!
Vernon Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During year 2, the high point in activity occurred in June when it produced 209 boats at a total cost of $154,800. The low point in production occurred in January when it produced 31 boats at a total cost of $48,000. Required Use the high-low method to estimate the amount of fixed cost incurred each month by Vernon Boat Company. Determine the total estimated cost if 110 boats are made.
Answer:
Total cost= $95,400
Explanation:
First, we need to calculate the unitary and fixed costs using the high-low method:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (154,800 - 48,000) / (209 - 31)
Variable cost per unit= $600
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 154,800 - (600*209)
Fixed costs= $29,400
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 48,000 - (600*31)
Fixed costs= $29,400
Now, the total cost for 110 boats:
Total cost= 29,400 + 110*600
Total cost= $95,400
Cynthia is ready to apply to a four-year private college. Evaluate her eligibility for financial ald.
Select the best answer from the choices provided.
OA. She will not be eligible to receive federal loans.
OB. She will be eligible to walve any interest on private loans.
Ос. .
She will be eligible to receive grants.
OD She will not be eligible to receive scholarships.
Answer:
C.
Explanation
A - Private schools recieve federal funds and so can their students.
B - Some private loans can waive interest, but not all.
D - any student can receive scholarships, if they qualify or if the are awarded the scholarship after applying.
Good luck in your studies.
17) Two commonly used techniques to aid managers with important decisions for setting a direction and allocating resources include ________ and ________ analysis strategies. A) micromarketing; macromarketing B) business portfolio; diversification C) investment; divestment D) dashboards; metrics E) subjective; objective Group of answer choices a b c d e
Answer:
Option b: business portfolio; diversification
Explanation:
A business is commonly defined as the clear, broad, underlying industry or market segment or sector of an organization's offering.
A business portfolio analysis is simply a technique that managers use to grade performance measures and growth targets to analyze their firms' strategic business units (SBUs) as if they are collection of different investments.
Diversification analysis is also a technique use in business to helps a firm or organizations to search for growth opportunities from among current and new markets as well as current and new products.
Identify which situation will lead to a fall in the net exports.
a.
More government spending than taxation
b.
More taxation than government spending
c.
More exports than imports
d.
More imports than exports
Help Fast please
Answer:
Use the drop-down menus to answer the questions.
In this circular flow mode, what does the letter A present?
✔ financial sector
What does the letter B represent?
✔ government sector
What does the letter C represent?
✔ foreign sector
What does the letter D represent?
✔ leakages
Explanation:
got it right on edge
Some characteristics of the determinants of nominal interest rates are listed as follows. Identify the components (determinants) and the symbols associated with each characteristic:
a. This is the premium that reflects the risk associated with changes in interest rates for a long-term security.
b. Over the past several years, Germany, Japan, and Switzerland have had lower interest rates than the United States due to lower values of this premium.
c. It is based on the bond’s marketability and trading frequency; the less frequently the security is traded, the higher the premium added, thus increasing the interest rate.
d. This is the rate for a short-term riskless security when inflation is expected to be zero.
e. This is the premium added as a compensation for the risk that an investor will not get paid in full.
Answer:
Explanation:
a. This is the premium that reflects the risk associated with changes in interest rates for a long-term security.
(determinants<>Nominal risk free rate)
( The Symbol<> rRF)
b. Over the past several years, Germany, Japan, and Switzerland have had lower interest rates than the United States due to lower values of this premium.
( Determinant<>Inflation premium)
(Symbol<>IP)
c. It is based on the bond’s marketability and trading frequency; the less frequently the security is traded, the higher the premium added, thus increasing the interest rate.
( Determinant<>Liquidity risk premium)
( Symbol<> LRP)
d. This is the rate for a short-term riskless security when inflation is expected to be zero.
(Determinant<> Real risk free rate)
( Symbol<>r)
e. This is the premium added as a compensation for the risk that an investor will not get paid in full.
(Determinant<> Default risk premium)
( Symbol<> DRP)
The risk-free rate of return is 6 percent, and the expected return on the market is 14.7 percent. Stock A has a beta coefficient of 1.6, an earnings and dividend growth rate of 6 percent, and a current dividend of $1.90 a share. Do not round intermediate calculations. Round your answers to the nearest cent. What should be the market price of the stock
Answer:
P0 = $14.4683 rounded off to $14.47
Explanation:
To calculate the market price of the stock today, we will use the constant growth model of DDM. The constant growth model calculates the values of the stock today based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
D0 is the dividend todayg is the constant growth rater is the required rate of return on the stockWe first need to calculate r using the CAPM equation. The equation is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free raterM is the return on marketr = 0.06 + 1.6 * (0.147 - 0.06)
r = 0.1992 or 19.92%
Using the price formula for DDM above, we can calculate the price today to be,
P0 = 1.9 * (1+0.06) / (0.1992 - 0.06)
P0 = $14.4683 rounded off to $14.47
[Hair Stylist Woes] Ryan, a college student, went to see his hair stylist, Melissa. Ryan, who had black, curly hair, requested straight, blond hair. Melissa told him that she could make those changes, but that there would be significant upkeep involved. Melissa made the changes, but Ryan did not do the upkeep required. Ryan proceeded to falsely claim that Melissa did not do what Ryan asked her to do that Melissa lied to him, and that Melissa was professionally incompetent. Ryan made the statements about Melissa to friends of his. He also wrote a letter to his college newspaper saying that Melissa's shop should be avoided at all costs because Melissa was incompetent In fact, Melissa was a good hair stylist and enjoyed a good reputation up until the time that Ryan started his criticism. Melissa threatened to sue Ryan for defamation, but Ryan told Melissa that she could not prevail because she could not prove loss of income. Melissa had to admit that while her reputation had been damaged somewhat and she felt embarrassed and humiliated, the damage was primarily her appointment times were booked for weeks ahead. Statements made by Ryan to his friends that were defamatory of Melissa are what type of defamation? a. Libel but not slander. b. No tort was committed because the statements were made only to friends of Ryan, not to business acquaintances of Candy. c. No tort was committed because the falsehood involved matters of appearance not business related matters. Slander but not libel. d. Both libel and slander.
Answer:
The type of defamation statements made by Ryan against Melissa are:
d. Both libel and slander.
Explanation:
Ryan made a libelous statement against Melissa by writing to his college newspaper, advising potential clients to avoid Melissa's shop because of her alleged incompetence. Ryan also made slanderous statements against Melissa to his friends. The defamation of character and reputation was both libelous and slanderous.
Assume Simple Co. had credit sales of $256,000 and cost of goods sold of $156,000 for the period. Simple uses the percentage of credit sales method and estimates that 1 percent of credit sales would result in uncollectible accounts. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $310. What amount of Bad Debt Expense would the company record as an end-of-period adjustment
Answer: $2560
Explanation:
A bad debt expense simply refers to a scenario whereby a receivable isn't collectible due to the fact that a customer isn't able to pay their outstanding debt.
Based on the information given in the question, the amount of bad debt expense that would be recorded by the company as an end-of-period adjustment will be:
= Credit sales × Percentage of uncollectible accounts
= $256000 × 1%
= $256000 × 0.01
= $2560
The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is: Multiple Choice Operating activities. Financing activities. Investing activities. Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows.
Answer:
Financing activities.
Explanation:
In the financing activities of the cash flow statement the stockholder equity section should be considered i.e. if there is an issuance of the common stock or preferred stock or both so the same would be represented as cash inflow but if there is a dividend so it would be represent as a cash outflow
So as per the given situation it is a part of the financing activities