The financial value of a well-written résumé is measured by the increased income it can provide. A properly crafted resume enhances your chances of landing a job more quickly and efficiently compared to a poorly written one.
The financial value of a well-written résumé lies in its ability to positively impact your career prospects and income potential. A carefully crafted résumé increases your chances of standing out among other applicants and impressing potential employers. This can lead to more job interviews and ultimately higher job offers or salary negotiations. By effectively showcasing your skills, qualifications, and experiences, a well-crafted résumé captures the attention of employers and increases the likelihood of securing job interviews. With a strong resume, you can present yourself as a competitive candidate, increasing your chances of receiving job offers and negotiating better compensation packages. The time saved in the job search process by having a well-written résumé also translates into financial value, as you can start earning income sooner. Investing time and effort in creating a professional resume pays off by maximizing your earning potential and reducing the time spent unemployed. It is an essential tool for job seekers to highlight their value and increase their chances of securing desirable employment opportunities.
Learn more about financial value here:
brainly.com/question/29510938
#SPJ11
Give me an example of a change in supply/demand that has an
ambiguous effect on the price of the good (i.e.,
we don't know without more information whether the price will go up
or down).
A change in supply/demand that has an ambiguous effect on the price of the good occurs when the supply and demand curve shift in such a way that it is not clear whether the price of the good will go up or down. One example of such a change could be an increase in both supply and demand.
Suppose there is a technological advancement in the production process of an item. The increase in efficiency has led to an increase in the supply of the item. At the same time, there is also an increase in demand for the item because of a new market opportunity. The increase in both supply and demand puts the price of the item in an ambiguous state. The price could go up, down, or remain the same depending on the magnitude of the shift in supply and demand. The price will only stabilize when the market has reached a new equilibrium point where supply equals demand.
To know more about equilibrium visit:
https://brainly.com/question/22043924
#SPJ11
LO4-1, L04-2, L04-3, L04-4, LO4-5, L04-6, L04-7 EXERCISE 4.3 Preparing Adjusting Entries to Convert an Asset to an Expense and to Convert a Liability to Revenue NE D The Rockford Rollers, a professional roller derby team, prepares financial statements on a monthly basis. The roller derby season begins in February, but in January, the team engaged in the follow- ing transactions: 1. Paid $33,000 to the Sunbury Skating Rink as advance rent for use of the facilities for the 6-month period from February 1 through July 31. This payment was initially recorded as Prepaid Rent. 2. Collected $45,000 cash from the sale of season tickets for the team's home games. The entire amount was initially recorded as Unearned Ticket Revenue. During the month of February. the team skated several home events at which $7,000 of the season tickets sold in January were used by fans. Prepare the two adjusting entries required on May 31.
The adjusting entries required on May 31 are as follows: Rent Expense 22,000 Prepaid Rent 22,000 (To record rent expense for the four months ended May 31, 2021)Unearned Ticket Revenue 7,000Ticket Revenue 7,000 (To record ticket revenue for the month of February)
Adjusting Entries: An adjusting entry is a journal entry made to correct or update an account balance to reflect the true state of the account. It is an accounting transaction that is required when preparing financial statements. These entries are made at the end of an accounting period to adjust the account balances in the trial balance.
There are two types of adjusting entries: accruals and deferrals. Accruals refer to revenues and expenses that have been earned or incurred but have not been recorded in the books of accounts. Deferrals refer to revenues and expenses that have been recorded but have not been earned or incurred.
The following are the adjusting entries required for The Rockford Rollers, a professional roller derby team:Adjusting Entry 1: At the end of May, the team has used four months of the six-month period, i.e., from February to July, for which it had paid advance rent of $33,000. Hence, Prepaid Rent is adjusted to show the amount that has been used up.
The adjusting entry for Prepaid Rent is as follows: DateAccountTitlesDebitCreditMay 31Rent Expense 22,000Prepaid Rent22,000 (To record rent expense for the four months ended May 31, 2021)Adjusting Entry 2: The team has used $7,000 of the $45,000 collected from the sale of season tickets. This means that $38,000 is still unearned as of May 31.
Hence, Unearned Ticket Revenue is adjusted to show the amount that has been earned. The adjusting entry for Unearned Ticket Revenue is as follows: DateAccountTitlesDebitCreditMay 31Unearned Ticket Revenue7,000Ticket Revenue7,000 (To record ticket revenue for the month of February)
To know more about revenue refer here:
https://brainly.com/question/14952769#
#SPJ11
Write a formula to compute the remaining number of months given the loan balance, interest rate and monthly payment. For example, with loan balance $100K, rate 6%, and monthly $600 (close to $599.55), your formula should compute 360 months or 359.something months.
The formula to compute the remaining number of months can be obtained through a variety of financial calculations. One such calculation involves the use of the present value (PV) formula to determine the remaining balance on a loan, and then solving for the number of periods (n) that are required to repay the loan given a fixed monthly payment (PMT) and interest rate (r).
The present value formula is given by:PV = PMT * ((1 - (1 + r)^(-n))/r)Where PV is the present value, PMT is the monthly payment, r is the interest rate, and n is the number of periods.To solve for n, the formula can be rearranged as:n = -log(1 - (PV*r)/PMT) / log(1 + r)This formula will give the number of periods required to repay the loan. To convert this to the number of months, simply multiply by 12. For example, with a loan balance of $100,000, an interest rate of 6%, and a monthly payment of $600, the formula would be:n = -log(1 - (100000*0.06/600)) / log(1 + 0.06) = 179.6667 months (rounded to 3 decimal places)So the remaining number of months would be:360 - 179.6667 = 180.3333 months (rounded to 3 decimal places).
Therefore, the formula to compute the remaining number of months would be: n = -log(1 - (PV*r)/PMT) / log(1 + r), where n is the number of periods (in years), PV is the present value of the loan, PMT is the monthly payment, and r is the interest rate.
To know more about Loan Balance visit-
https://brainly.com/question/14453054
#SPJ11
Money and Inflation (a) Indicate whether the following statement is true, false, or uncertain and explain your answer using words, graphs and equations as appropriate. (0) If the commercial banking system does not hold any reserves, then it cannot affect the money supply. (ii) If consumption depends positively on the level of real balances and real balances depend negatively on the nominal interest rate in a neoclassical model, then the nominal interest rate rises 1 percent for each 1 percent rise in the money growth rate. (iii) If only unanticipated changes in the money supply affect real GDP, the public has rational expectations, and everyone has the same information about the state of the economy, then a policy of keeping the money supply constant is optimal. (
Supply is the quantity of goods and services that producers are willing and able to offer for sale at a given price during a given time period. A change in supply, ceteris paribus, results in a shift of the supply curve, which leads to changes in price and quantity exchanged.
(a) Indicate whether the following statement is true, false, or uncertain and explain your answer using words, graphs, and equations as appropriate.(i) False, If the commercial banking system does not hold any reserves, then it can still affect the money supply by issuing loans that result in the creation of new money.(ii) True, If consumption depends positively on the level of real balances and real balances depend negatively on the nominal interest rate in a neoclassical model, then the nominal interest rate rises 1 percent for each 1 percent rise in the money growth rate.(iii) False, Even in the absence of unanticipated changes, rational expectations, and everyone having the same information about the economy, there may be external shocks or changes in the demand for money that necessitate an adjustment in the money supply by the central bank.Inflation is the increase in the general price level of goods and services over a specific period of time. When there is an increase in the money supply relative to the supply of goods and services, inflation occurs.The money supply is the total amount of money available in an economy at a given time. Changes in the money supply influence economic activity by altering interest rates, inflation rates, and output levels. Money supply is determined by the central bank.
to know more about money, visit
https://brainly.com/question/29498634
#SPJ11
Preferred stock dividends In arrears [LO17-5] Robbins Petroleum Company is three years in arrears on cumulative preferred stock dividends. There are 870,000 preferred shares outstanding, and the annual dividend is $8.50 per share. The Vice-President of Finance sees no real hope of paying the dividends in arrears. She is devising a plan to compensate the preferred stockholders for 70 percent of the dividends in arrears. a. How much should the compensation be? (Do not round Intermediate calculations. Input your answer in dollars, not millions (e.g. $1,234,000).) Compensation b. b. Robbins will compensate the preferred stockholders in the form of bonds paying 12 percent interest in a market environment in which the going rate of interest is 14 percent for similar bonds. The bonds will have a 15-year maturity. Indicate the market value of a $1,000 per value bond. (Round your answer to the nearest whole number) Bond value c. Based on market value, how many bonds must be issued to provide the compensation determined in part 7 (Do not round Intermediate calculations and round your answer to the nearest whole number) Bonds issued 27
a. The compensation should be $22,818,000. To calculate this, we can use the formula for cumulative preferred stock dividends in arrears, which is:Outstanding Preferred Shares * Annual Dividend * (1 - Compensation Rate) * Years in Arrears870,000 * $8.50 * (1 - 0.70) * 3= $22,818,000b. The market value of a $1,000 par value bond would be $833.
a. The compensation should be $22,818,000. To calculate this, we can use the formula for cumulative preferred stock dividends in arrears, which is:Outstanding Preferred Shares * Annual Dividend * (1 - Compensation Rate) * Years in Arrears870,000 * $8.50 * (1 - 0.70) * 3= $22,818,000b. The market value of a $1,000 par value bond would be $833. To calculate this, we can use the formula for bond valuation:PV = PMT / i * [1 - 1 / (1 + i)^n] + FV / (1 + i)^nPMT = $120 = $1,000 * 0.12FV = $1,000i = 14% / 2 = 7% (semi-annual)N = 15 years * 2 = 30 periodsPV = $120 / 0.07 * [1 - 1 / (1 + 0.07)^30] + $1,000 / (1 + 0.07)^30= $1,067.96Market value of a bond = $1,068 / $1,000 par value = $833c. The number of bonds that must be issued to provide the compensation determined in part a is 27,433. To calculate this, we can divide the compensation by the market value of the bond:$22,818,000 / $833 = 27,433 (rounded to the nearest whole number)
To know more about cumulative visit:
https://brainly.com/question/32091228
#SPJ11
Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received a $31,000 bill from her accountant for consulting services related to her small business. Isabel can pay the $31,000 bill anytime before January 30 of next year without penalty. Assume her marginal tax rate is 40 percent this year and next year, and she can earn an after-tax rate of return of 6 percent on her investments.
a. What is the after-tax cost if Isabel pays the $31,000 bill in December?
b. What is the after-tax cost if Isabel pays the $31,000 bill in January?
a) If Isabel pays the bill in December, she will be able to deduct it in this year's tax return. As a result, her after-tax cost will be $18,600 ($31,000 × 0.6), which is 40 percent of the cost.
The following formula may be used to compute the after-tax cost:After-tax cost = Cost × (1 - Marginal tax rate)Where the cost is $31,000 and the marginal tax rate is 40 percent. The after-tax cost is $31,000 × (1 - 0.40) = $18,600b) If Isabel pays the bill in January, she will be unable to deduct it until next year's tax return. As a result, her after-tax cost will be $18,960 ($31,000 × 0.6 × 1.06), which is 40 percent of the cost plus the opportunity cost of not investing the $31,000 in the next year. The following formula may be used to compute the after-tax cost:After-tax cost = Cost × (1 - Marginal tax rate) × (1 + After-tax rate of return)Where the cost is $31,000, the marginal tax rate is 40 percent, and the after-tax rate of return is 6 percent. The after-tax cost is $31,000 × (1 - 0.40) × (1 + 0.06) = $18,960.
To know more about tax return visit :-
https://brainly.com/question/30111603
#SPJ11
QUESTION 24
Ahmed is analysing two investments. Investment A has an IRR of 23% and Investment B has an IRR of 17%, if the cost of capital is 10% then:
O a. Both projects are rejected due to the low IRR.
O b. Both projects are rejected as the IRR is higher than the cost of capital.
O c. Investment B is better than Investment A
O d. None of the above are true
Based on the information given, neither option A nor B is correct. Option C, Investment B is better than Investment A, would be the most likely answer in this scenario.
IRR stands for Internal Rate of Return, which is the rate at which the net present value (NPV) of an investment is equal to zero. In other words, it is the discount rate that makes the present value of the cash inflows equal to the initial cost of the investment.
For Investment A, the IRR is 23%. This means that the project is expected to generate a return of 23% per year. For Investment B, the IRR is 17%. This means that the project is expected to generate a return of 17% per year.
The cost of capital is the minimum rate of return that an investor requires to invest in a project. In this case, the cost of capital is 10%.
If the IRR is greater than the cost of capital, then the project is expected to generate a positive NPV and should be accepted. On the other hand, if the IRR is less than the cost of capital, then the project is expected to generate a negative NPV and should be rejected.
Therefore, based on the given information, both Investment A and B have an IRR greater than the cost of capital. That means, both projects are expected to generate a positive NPV and should be accepted. However, as Investment A has a higher IRR than Investment B, it would be considered more attractive and hence, investment A would be chosen over investment B.
Hence, Option C - Investment B is better than Investment A, is not correct. Rather, Investment A is better than Investment B because of its higher IRR.
Learn more about scenario here
https://brainly.com/question/30275614
#SPJ11
matrix design Question 30 1 Point Ahmed is a manager who has legitimate and expert powers. His job is so difficult as on daily basis he faces new and demanding tasks. His subordinates like, trust and are loyal to him. In Ahmed's case, specify the most appropriate leadership behavior according to Fred Fiedler's Leadership Contingency Model. [Explanation is not required) Use the editor to format your answer
In Ahmed's case, the most appropriate leadership behavior according to Fred Fiedler's Leadership Contingency Model would be task-oriented behavior. This is because Ahmed's job is difficult as he faces new and demanding tasks on a daily basis, and he has legitimate and expert powers.
Task-oriented leaders focus on getting the job done, and they are more concerned with the technical aspects of the job rather than the social or emotional needs of their subordinates. According to Fred Fiedler's Leadership Contingency Model, the most effective leadership style depends on the leader's basic motivation and the favorableness of the situation.
The situational favorableness is determined by three factors: the leader-member relations, the task structure, and the leader's position power.
In Ahmed's case, the task structure is high, which means that the tasks are clear and well-structured, and the leader's position power is high, which means that the leader has legitimate and expert powers. Therefore, task-oriented behavior would be the most effective leadership style for Ahmed.
To know more about Contingency refer here:
https://brainly.com/question/31822810#
#SPJ11
Use the following information to work Problems 6 and 7.
According to OECD data, household saving in Belgium as a percentage of disposable income was on a continuous decrease from 2011 to 2015. It fell from 6.56 percent in 2011 to 5.71 in 2012, to 4.94 in 2013, to 4.61 in 2014, till it reached 4.18 in 2015.
6. What are the implications a saving rate that continues to decrease? Why might a negative saving rate be something to worry about? What can the government do to increase saving?
7. Explain how the decreasing Belgian saving rate affects the market of loanable funds and the equilibrium interest rate.
6. What are the implications a saving rate that continues to decrease?
A decreasing saving rate can have a number of negative implications for an economy. First, it can lead to a decrease in investment. When people save less, they have less money to invest in businesses and other productive assets. This can lead to slower economic growth. Second, a decreasing saving rate can lead to an increase in inequality. When people save less, they have less money to save for retirement or other long-term goals. This can lead to a situation where the wealthy are able to save more and the poor are able to save less. Third, a decreasing saving rate can make an economy more vulnerable to shocks. When people save less, they have less of a cushion to fall back on if there is a recession or other economic downturn. This can make it more difficult for an economy to recover from a shock.
Why might a negative saving rate be something to worry about?
A negative saving rate means that people are spending more money than they are earning. This can lead to a number of problems, including:
Increased debt: When people spend more than they earn, they have to borrow money to make up the difference. This can lead to a spiral of debt that can be difficult to escape.
Reduced investment: When people are spending more money, there is less money available to invest in businesses and other productive assets. This can lead to slower economic growth.
Increased inequality: When people are spending more money, the wealthy are able to spend more than the poor. This can lead to a widening gap between the rich and the poor.
What can the government do to increase saving?
There are a number of things that the government can do to increase saving, including:
Increase interest rates: When interest rates are high, people are more likely to save money instead of spending it.
Provide tax breaks for saving: The government can provide tax breaks for people who save money. This can make saving more attractive to people.
Promote financial education: The government can promote financial education to help people understand the importance of saving. This can encourage people to save more money.
7. Explain how the decreasing Belgian saving rate affects the market of loanable funds and the equilibrium interest rate.
The decreasing Belgian saving rate means that there is less money available to lend in the market of loanable funds. This will lead to a decrease in the supply of loanable funds and an increase in the demand for loanable funds. This will cause the equilibrium interest rate to rise.
The higher interest rate will make it more expensive for businesses to borrow money, which will lead to a decrease in investment. This will slow down economic growth. The higher interest rate will also make it more expensive for people to borrow money to buy homes or cars, which will lead to a decrease in consumption. This will also slow down economic growth.
The decreasing Belgian saving rate is a sign of a number of underlying problems in the Belgian economy. These problems need to be addressed if Belgium wants to achieve sustained economic growth.
share your thoughts about whether work conditions -- as you have experienced them -- separate or alienate you from what makes life meaningful. Your post should interact in some way with Marx's critique or Hochshild's concerns about "emotional labor".
From the perspective of Marx's critique of labor, he argues that work conditions have the potential to separate individuals from the true purpose of life.
Labor can become alienated in which workers' efforts and contributions to society become disconnected from their identity and purpose. Hochschild adds to this argument, noting the effects of emotional labor on workers.
Service workers, for example, are forced to fake emotions in order to meet job expectations, leading them to feel disconnected from their genuine emotions and relationships. Thus, work conditions have the potential to separate individuals from what makes life meaningful, creating a divide between their personal and professional lives.
Learn more about emotional labor here:
https://brainly.com/question/30824825
#SPJ4
Washington-Pacific (W-P) invests $2 million to buy a tract of land and plant some young pine trees. The trees can be harvested in 14 years, at which time W-P plans to sell the forest at an expected price of $4 million. What is W-P's expected rate of return? Round your answer to two decimal places.
The expected rate of return is 7.11%
Expected rate of return refers to the net profit of an investment over a period of time.
It is the amount of income received for a specific period divided by the amount of investment made to generate that profit. It is usually expressed in percentage.
If the expected rate of return is high, it means that the investment is riskier, while a lower expected rate of return indicates less risk.
Here are the steps to finding W-P's expected rate of return
1. Find the net cash flowW-P invested $2 million, and after 14 years of planting and nurturing, they sell the land and trees for $4 million.
The net cash flow is the difference between the selling price and the investment.
Net cash flow = selling price - investment
Net cash flow = $4,000,000 - $2,000,000
Net cash flow = $2,000,000
2. Calculate the expected rate of return
Expected rate of return = (net cash flow / investment)^(1/n) - 1
where n = the number of years the investment is held
Expected rate of return = ($2,000,000 / $2,000,000)^(1/14) - 1
Expected rate of return = 0.0711 or 7.11%
Therefore, the expected rate of return for W-P is 7.11% rounded to two decimal places.
Learn more about rate of return at: https://brainly.com/question/1789817
#SPJ11
Jot yet iswered arked out of Flag ation On 1 April 2019, Penny was employed as an accountant at PayPI Ltd. Her salary package includes reimbursement of her home telephone account. During the 2020 FBT year, the total cost was $4972. Penny would have been entitled to claim a deduction of 25% under the Tax Acts. PayPi Ltd is entitled to claim an input tax credit for GST purposes. Required: Calculate the Fringe Benefits Tax that PayPI Pty Ltd is liable to pay on this fringe benefit for the 2020 FBT year. Only enter numbers & round to the nearest dollar
Given:During the 2020 FBT year, the total cost was $4972. Penny would have been entitled to claim a deduction of 25% under the Tax Acts.
We need to calculate the Fringe Benefits Tax that Pay PI Pty Ltd is liable to pay on this fringe benefit for the 2020 FBT year. Calculation: Fringe Benefit = Total cost x % deductible= 4972 x 25/100= $1243Input tax credit = Total cost x GST= 4972 x 10/110= $452FBT taxable amount = Fringe Benefit - Input tax credit= $1243 - $452= $791FBT payable = FBT taxable amount x FBT rate= 791 x 47% ≈ $372So, the
Fringe Benefits Tax that Pay PI Pty Ltd is liable to pay on this fringe benefit for the 2020 FBT year is $372 (rounded to the nearest dollar).Hence, the correct option is 372.
To know more about total cost visit:-
https://brainly.com/question/30355738
#SPJ11
A combine harvester has been sold by a firm in Laval, Canada. The buyer is located in Frome, England. It is being shipped 30 km. by truck from Laval to the Port of Montreal in Canada, and from there it will go 5000 km. by ship to Liverpool, England. From Liverpool it will go 300 km. by truck to Frome. The transportation from Montreal to Liverpool is known as:
a on-carriage.
b carrier free.
c precarriage.
d main carriage
The transportation from Montreal to Liverpool is known as "precarriage." Thus, the correct option is (c).
In the given scenario, the process of transporting the combine harvester from Montreal, Canada, to Liverpool, England involves multiple stages. The first stage involves shipping the harvester by truck from Laval to the Port of Montreal, covering a distance of 30 km. This initial leg of transportation is referred to as "precarriage."
Once the harvester reaches the Port of Montreal, it will be loaded onto a ship for the main part of the journey, spanning a distance of 5000 km. from Montreal to Liverpool. After arriving in Liverpool, the harvester will undergo another truck journey of 300 km. to reach its final destination in Frome, England. However, it is specifically the initial truck transportation from Laval to the Port of Montreal that is referred to as "precarriage" in the context of this shipping process.
To know more about transportation click here brainly.com/question/27667264
#SPJ11
You are evaluating a 5-year project that will provide cash flows of $40,100, $84,510, 563,330, 161,470, and $44,730, respectively. The project has an initial cost of $188,000 and the required return is 8.6 percent. What is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 87632.16)
The net present value (NPV) of the project is -$2,920.94. NPV measures the value of a project by calculating the present value of its cash flows.
In this case, the cash flows for the five years are $40,100, $84,510, $563,330, $161,470, and $44,730, respectively. The initial cost of the project is $188,000, and the required return is 8.6 percent.
To calculate the NPV, each cash flow is discounted to its present value using the required return rate. The present value of each cash flow is calculated as follows: $40,100/(1+0.086)^1, $84,510/(1+0.086)^2, $563,330/(1+0.086)^3, $161,470/(1+0.086)^4, and $44,730/(1+0.086)^5.
The sum of these present values is then subtracted from the initial cost of the project to determine the NPV. In this case, the sum of the present values is $190,920.94, and subtracting the initial cost of $188,000 gives a net present value of -$2,920.94.
Therefore, based on the given cash flows, initial cost, and required return rate, the project has a negative NPV of -$2,920.94.
To learn more about NPV here brainly.com/question/32153010
#SPJ11
What is the future market of tramp shipping in the next two years
in respect of capacity,trade and port facilities
Tramp shipping is a type of shipping in which ships are chartered and operate in irregular and unspecified routes. The future market of tramp shipping is discussed below in respect to capacity, trade, and port facilities.
Capacity: The capacity of tramp shipping is expected to increase in the next two years. This increase is primarily due to a rise in demand for shipping services. Many countries are focusing on developing their ports, and this is expected to increase the number of ships that are available for tramp shipping. There is also a rise in the number of new ships being built, which is expected to boost the overall capacity of tramp shipping.Trade: Trade is a crucial factor in determining the future market of tramp shipping. The market is expected to grow in the next two years due to the rise in international trade. Many countries are increasing their imports and exports, and this is expected to boost the demand for tramp shipping. Moreover, tramp shipping provides greater flexibility and lower costs than liner shipping, which is why it is preferred for transporting bulk goods.Port facilities: The future market of tramp shipping is also affected by port facilities. Ports that are capable of accommodating large and irregular vessels are expected to attract more tramp shipping services. Many countries are investing in improving their port facilities to accommodate these vessels. Moreover, ports that are located near major trade routes are expected to be in high demand due to their accessibility and convenience.In conclusion, the future market of tramp shipping is expected to grow in the next two years due to the increase in capacity, rise in international trade, and improvement in port facilities.
To know more about shipping, visit:
https://brainly.com/question/32556899#
#SPJ11
Question 2 Consumers' attitudes and behaviours are not always aligned. Discuss the ways in which consumers may try to reduce the resultant tension and how marketers may also help with this. Illustrate your answer with your own examples.
Consumers may try to reduce the tension between their attitudes and behaviors by employing various strategies, while marketers can also play a role in helping alleviate this tension.
To bridge the gap between attitudes and behaviors, consumers may engage in cognitive dissonance reduction strategies. They might modify their attitudes to align better with their behaviors, seeking information or justifications that support their choices.
For example, if a consumer values sustainability but frequently buys products with excessive packaging, they may convince themselves that the packaging is recyclable or that the product itself offers other eco-friendly features. Alternatively, consumers may adjust their behaviors to match their attitudes, making conscious efforts to align their actions with their beliefs.
Marketers can contribute to reducing this tension by employing strategies that facilitate consistency between consumer attitudes and behaviors. This can be achieved through effective communication and branding.
For instance, if a brand promotes itself as eco-conscious, it should ensure that its products and practices genuinely reflect sustainability values. By delivering on their promises and providing transparent information, marketers can help consumers feel more confident in their purchasing decisions and reduce cognitive dissonance.
To learn more about Cognitive dissonance, visit:
https://brainly.com/question/30553045
#SPJ11
In 2010, Stephan formed a calendar-year C-corporation. In 2017, Stephan realized that his interests would be better served by converting from a C corporation to an S corporation. Thus, in 2017, Stephan filed the necessary paperwork with the IRS to convert his corporation to an S corporation. Stephan is the sole shareholder. At the beginning of 2021, Stephan had a stock basis of $500,000, an accumulated adjustments account (AAA) balance of $125,000, and accumulated earnings and profits of $205,000.
This year, Stephan receives a $250,000 distribution. Per his k-1, Stephan has a $14,000 long-term capital gain and $100,000 of non-separately stated income.
a. Determine Stephan’s ending balance in AAA, AEP and stock basis.
b. What are the tax consequences to Stephan from his ownership of this S corporation? Be specific—i.e. what is the amount and character of any income, gain or loss that would pass through and appear on Stephan’s 1040 return? Note: you do NOT need to calculate the amount of tax—just determine the items of taxable income.
Stephan's ending balance in the Accumulated Adjustments Account (AAA) would be $111,000, in the Accumulated Earnings and Profits (AEP) would be $205,000, and his stock basis would remain at $500,000
When Stephan converted his C corporation to an S corporation, the accumulated earnings and profits (AEP) balance of $205,000 remained. This balance represents the undistributed earnings from previous years that were taxed at the corporate level. The accumulated adjustments account (AAA) reflects the difference between the AEP and any distributions made to shareholders. Since Stephan received a distribution of $250,000 and the AAA balance was $125,000 at the beginning of 2021, the ending balance in the AAA would be $125,000 - $250,000 = -$125,000. However, the AAA cannot be negative, so it is capped at zero. Therefore, Stephan's ending balance in the AAA would be $0.
Stephan's stock basis remains unchanged at $500,000 as there were no additional capital contributions or distributions that would affect it. On his 1040 return, Stephan would report the pass-through items from the S corporation. He would have a $14,000 long-term capital gain, which represents his share of the S corporation's capital gains, and $100,000 of non-separately stated income, which is his share of the S corporation's ordinary income.
These amounts would be reported on the appropriate lines of his 1040 return and taxed at his individual tax rates. It's important to note that the tax consequences to Stephan do not include the calculation of the actual tax liability, which would depend on his overall tax situation and other factors.
Learn more about tax here:
https://brainly.com/question/31851456
#SPJ11
According to research, which of the following is true about U.S. expatriates? Multiple Choice
More than 75 percent believe their company values overseas experience. O
More than 50 percent of U.S. expatriates are promoted.
Only 7 percent of returning expatriates leave their company within one year.
Only 13 percent of U.S. expatriates are women
Based on the provided options, the most accurate statement about U.S. expatriates is only 13 percent of U.S. expatriates are women. The statement suggests that among U.S. expatriates (people who live and work outside their home country), only 13 percent are women. This implies a significant gender disparity in the expatriate population, with men comprising a much larger proportion.
The reasons behind this gender disparity in expatriate assignments can vary and may be influenced by various factors, including cultural norms, family responsibilities, and organizational practices. Historically, certain industries and job roles have been traditionally dominated by men, which could contribute to the lower representation of women in expatriate positions.
Addressing this gender gap and promoting gender diversity in expatriate assignments can be beneficial for both individuals and organizations. It can lead to a broader range of perspectives, improved decision-making, and enhanced cultural competence within international business operations. Encouraging more women to take on expatriate assignments can also help break down barriers and create opportunities for future generations of female professionals.
To know more about beneficial visit-
brainly.com/question/31665947
#SPJ11
Consider the following two statements: (I) A company with a large portion of inside ownership, all of whom are high-income individuals. (II) A growth company with an abundance of good investment opportunities. For each of the companies described above, would you expect it to have a high or low dividend payout ratio? a. Low dividend payout ratio for both companies b. High dividend payout ratio for the company mentioned in Statement (1) and low dividend payout ratio for the company mentioned in Statement (II) c. Low dividend payout ratio for the company mentioned in Statement (1) and high dividend payout ratio for the company mentioned in Statement (II) d. High dividend payout ratio for both companies
The expected dividend payout ratios are: Low dividend payout ratio for the company mentioned in Statement (I) and Low dividend payout ratio for the company mentioned in Statement (II), options a and c.
For the companies described in the statements, we can expect the following regarding their dividend payout ratios:
(I) A company with a large portion of inside ownership, all of whom are high-income individuals:
a. Low dividend payout ratio for the company mentioned in Statement (I)
When a company has a large portion of inside ownership, it means that key individuals within the company, such as executives or major shareholders, hold a significant stake. In this case, since all of the inside owners are high-income individuals, they may prefer to reinvest the company's earnings back into the business to finance growth or pursue other investment opportunities. As a result, they may choose to keep the dividend payout ratio low, retaining more earnings within the company for future growth.
(II) A growth company with an abundance of good investment opportunities:
c. Low dividend payout ratio for the company mentioned in Statement (II)
A growth company with plenty of good investment opportunities typically requires capital for expanding its operations, research and development, acquisitions, or other growth initiatives. Such companies often prioritize reinvesting their earnings into these opportunities rather than paying out dividends to shareholders. Therefore, a growth company is more likely to have a low dividend payout ratio.
To learn more about dividend payout ratio: https://brainly.com/question/16200407
#SPJ11
The next dividend payment by Hot Wings, Inc., will be $4.25 per share. The dividends are anticipated to maintain a 4 percent growth rate forever. Required: If the stock currently sells for $42 per share, what is the required return?
If the stock currently sells for $42 per share, the required return for the stock of Hot Wings, Inc. is approximately 10.12%.
To calculate the required return, we can use the Gordon Growth Model, which is commonly used to value stocks that have a constant growth rate in dividends.
The formula for the Gordon Growth Model is:
Required Return = (Dividend / Stock Price) + Dividend Growth Rate
Given the information provided:
Dividend = $4.25 (next dividend payment per share)
Stock Price = $42 per share
Dividend Growth Rate = 4% or 0.04
We can substitute these values into the formula:
Required Return = ($4.25 / $42) + 0.04 ≈ 0.1012 or 10.12%
The required return represents the minimum return that investors expect to receive for holding the stock, considering the dividend payment and the expected growth rate of the dividends.
Learn more about gordon growth model here:
https://brainly.com/question/28861455
#SPJ11
Of the following, which is not a cash inflow from a financing activity? O Issuance of common stock QUESTION 4 Sale of long-term investment Proceeds from issuance of long-term debt Issuance of preferred stock
Of the following, "Sale of long-term investment" is not a cash inflow from a financing activity. Option 2 is correct.
Financing activities are actions that businesses take to raise capital, which include issuing bonds, shares, or obtaining loans. Cash inflows from financing activities include the following: I. Proceeds from issuance of long-term debt. Issuance of common stock. Issuance of preferred stock. Proceeds from the sale of a portion of the long-term investment therefore, from the above options, "Sale of long-term investment" is not a cash inflow from a financing activity. It is an investing activity.
However, the sale of a long-term investment is not directly related to financing activities. It represents a cash inflow from an investing activity, as it involves the sale of an investment asset rather than obtaining financing or capital for the company.
Option 2 is correct.
Learn more about Financing activities: https://brainly.com/question/29993856
#SPJ11
Communication Applications Create a personal communication model that demonstrates an actual "situation" or communication encounter/interaction between at least two people.
Requirements:
Must be neat and have color You must be creative!
You must include the following 7 elements of the communication process
a. the sender (where the message originates)
b. the receiver ( who receives the message)
c. the message (something you are attempting to communicate)
d. the channel (how the message is sent)
e. the barriers or interference (at least 2 types)
f. the feedback (the response of the receiver to the original sender)
g. the context/situation (the environment and where the communication encounter takes place.
John, a manager in a company, sends an email to Sarah, an employee in the same company, to inform her about a new project she will be working on. Language and technological barriers could potentially interfere with effective communication.
Here is a personal communication model that demonstrates a communication encounter between two people:
a. Sender: John, a manager in a company.
b. Receiver: Sarah, an employee in the same company.
c. Message: John wants to inform Sarah about a new project she will be working on.
d. Channel: John chooses to send an email to Sarah to convey the message.
e. Barriers/Interference: The two potential barriers to effective communication in this scenario could be language barriers if English is not the first language for either John or Sarah, and technological barriers if there are issues with the email server or internet connection.
f. Feedback: Sarah acknowledges the email and responds with questions and clarifications about the project details.
g. Context/Situation: The communication takes place within the workplace environment, where John is in a managerial position and Sarah is an employee.
In conclusion, this personal communication model illustrates a typical workplace scenario where a manager communicates with an employee via email to convey important information. The model highlights the essential elements of the communication process, including the sender, receiver, message, channel, barriers, feedback, and context.
Effective communication in such situations requires clear and concise messaging, appropriate choice of the communication channel, and addressing any barriers or interferences that may arise to ensure accurate understanding and successful information exchange.
To know more about communication refer here:
https://brainly.com/question/30782988#
#SPJ11
Q.2. You have prepared the following schedule for a project in which the key resource is an earthmover. This schedule is dependent on having 3 earthmovers. Your partner Radheshyam needs one of your earthmovers. You tell Radheshyam that you would be willing to let him have the earthmover if you are still able to complete your project in 11 months. [10] (a) Develop a resource schedule in the loading chart that follows to see if it is possible to complete the project in 11 months with only 2 earthmovers. Use the parallel method. (b) Draw the resource scheduled network. (c) Will you be giving one earthmover to Radheshyam?
A) 2 earthmovers cannot complete the project in 11 months.
(b) Resource network shows 2 earthmovers allocated to each activity.
(c) No earthmover can be given to Radheshyam without impacting the project's timeline.
To determine if it is possible to complete the project in 11 months with only 2 earthmovers, we need to develop a resource schedule using the parallel method. Here's how you can do it:
(a) Resource Schedule in Loading Chart:
Assuming you have already prepared the project schedule, which includes all the activities and their durations, you can create a loading chart to represent the allocation of resources (earthmovers) to each activity. Here's an example of how the loading chart could look:
```
Activity | Duration | Resource Allocation
---------------------------------------------
A | 3 | 2
B | 2 | 2
C | 4 | 2
D | 3 | 2
E | 4 | 2
F | 2 | 2
G | 4 | 2
H | 3 | 2
I | 4 | 2
J | 2 | 2
K | 3 | 2
L | 4 | 2
M | 2 | 2
N | 3 | 2
O | 2 | 2
P | 3 | 2
Q | 4 | 2
R | 2 | 2
S | 4 | 2
T | 3 | 2
U | 4 | 2
V | 2 | 2
W | 3 | 2
X | 4 | 2
```
In the above loading chart, each activity is listed along with its duration and the number of earthmovers allocated to it. Since you have only 2 earthmovers available, you allocate 2 earthmovers to each activity.
(b) Resource Scheduled Network:
To draw the resource scheduled network, you need to represent the activities as nodes and their dependencies as arrows. Additionally, you need to include the allocated resources (earthmovers) on the network. Here's an example:
```
2 Earthmovers
|
(Start)
|
A
/ \
B C
/ \
D E
\ /
F G
\ /
H
/ \
I J
/ \
K L
\ /
M N
\ /
O
/ \
P Q
/ \
R S
\ /
T U
\ /
V
/ \
W X
\ /
(End)
```
In the resource scheduled network above, each node represents an activity, and the arrows represent the dependencies between activities. The number beside each activity represents the duration, and the number above each arrow represents the number of earthmovers allocated to that dependency.
(c) Giving One Earthmover to Radheshyam:
Based on the resource schedule and network, it is clear that if you give one earthmover to Radheshyam, you won't be able to complete the project in 11 months. As all activities have been allocated 2 earthmovers each, reducing the available earthmovers to 1 would significantly impact the project's
learn more about Loading chart here:
https://brainly.com/question/6991721
#SPJ11
Topic: Queueing Theory Case Narrative: 1. An air charter company catering to tourists is planning to fly to a remotely located but very popular Philippine tourist destination in Palawan serviced by a smal airport with only one runway. As a result, chartered airplanes landing in this airport are accommodated for landing during specific hours of the day (7 AM to 12 NN only for safety considerations) on a First Come First Served basis by the air traffic controller. Other arriving airplanes that have not been given clearance will have to fly on a holding pattern until each airplane is given clearance to land Based on the records of the air traffic controller, requests from airplane pilots to land at the airport from 7 AM to 12 NN is received every 12 minutes (on average) and is assumed to follow a Poisson Distribution. If an airplane that has been given landing clearance can complete the landing and proper parking of the airplane on the tarmac (to allow the next airplane to be given landing clearance) in 6 minutes, on average, (assumed to follow an exponential distribution): 1.1. Without consideration for airport capacity, what would be the probability that there would be 8 airplanes arriving in one hour? Express in percentage to the nearest tenths. 1.2. Without consideration for airport capacity, what would be the probability that there would be at least 3 airplanes arriving in one hour? Express in percentage to the nearest tenths. 1.3. What is the probability that the air charter company's plane will be instructed to be in the holding pattern when its pilot requests for clearance to land? Express in percentage to the nearest tenths. ( percentage to the nearest tenths. in the holding pattern, landing or parking), how much is the average cost of waiting (for fuel 1.4. What is the probability that there will be three airplanes in the holding pattern? Express in 1.5. If the airline charter company's airplane consumes 40 liters/hour (regardless of whether it is alone) for clearance to land if the cost of aviation gasoline is PhP60/liter? 1.6. What would be the average fuel cost for being in the holding pattern up to the point where it is able to land and park on the tarmac?
To solve the given problems related to queueing theory and the air charter company's operations, we can apply the principles of queueing theory and use appropriate formulas. Let's address each question step by step:
1.1. Without consideration for airport capacity, the number of arrivals follows a Poisson distribution with an average arrival rate of λ = 1/12 per minute (since arrivals occur every 12 minutes on average). To find the probability of 8 arrivals in one hour, we need to calculate the Poisson probability for 8 arrivals with a rate of λ = (1/12) * 60 = 5 arrivals per hour.
Using the Poisson probability formula:
P(x; λ) = (e^(-λ) * λ^x) / x!
where x is the number of arrivals, λ is the average arrival rate, and e is the base of the natural logarithm.
P(8; 5) = (e^(-5) * 5^8) / 8!
You can calculate this expression using a calculator or software to find the probability. The result should be expressed as a percentage rounded to the nearest tenth.
1.2. Without consideration for airport capacity, we can again use the Poisson distribution to find the probability of at least 3 arrivals in one hour. We need to calculate the probability of 0, 1, and 2 arrivals and subtract it from 1 to find the complementary probability (at least 3 arrivals).
P(at least 3 arrivals) = 1 - P(0; 5) - P(1; 5) - P(2; 5)
Calculate the probabilities using the Poisson formula, and then subtract from 1 to find the final probability. Express the result as a percentage rounded to the nearest tenth.
1.3. To calculate the probability that the air charter company's plane will be instructed to be in the holding pattern, we need to consider the concept of the M/M/1 queueing system.
In the M/M/1 queueing system, the probability of an arriving customer finding the system occupied (all servers busy) is given by the formula:
P(blocked) = λ / μ
where λ is the arrival rate and μ is the service rate.
In this case, the arrival rate (λ) is 1/12 per minute (as given), and the service rate (μ) is 1/6 per minute (since the landing and parking time is 6 minutes on average).
P(blocked) = (1/12) / (1/6)
Calculate the expression to find the probability of being instructed to be in the holding pattern. Express the result as a percentage rounded to the nearest tenth.
1.4. The probability of having three airplanes in the holding pattern can be calculated using the concept of the M/M/c queueing system, where c is the number of servers (in this case, the number of available slots in the holding pattern).
To calculate the probability, you need to use the appropriate formula for the M/M/c system. The formula can be complex, involving calculations with the arrival rate (λ) and the service rate (μ), and requires knowledge of the traffic intensity (ρ = λ / (c * μ)).
Since the formula may be lengthy, it is recommended to use queueing theory software or an online calculator to find the probability.
1.5. To calculate the average fuel cost for being in the holding pattern until the airplane is able to land and park on the tarmac, we need to consider the expected waiting time in the holding pattern.
The average waiting time in an M/M/c queueing system can be calculated using Little's Law:
L = λ * W
where L is the average
number of customers in the system, λ is the arrival rate, and W is the average waiting time.
In this case, the arrival rate (λ) is 1/12 per minute, and you need to calculate the average waiting time (W) in the holding pattern.
Once you have the average waiting time, you can multiply it by the fuel consumption rate (40 liters/hour) to find the average fuel cost for waiting. Don't forget to convert the waiting time to hours if needed.
1.6. To find the average fuel cost for being in the holding pattern until landing and parking, you need to consider the average waiting time in the holding pattern and the fuel consumption rate (40 liters/hour).
Using the average waiting time obtained in question 1.5, you can multiply it by the fuel consumption rate to calculate the average fuel cost for the waiting period.
Learn more about queueing theory
brainly.com/question/18379065
#SPJ11
Give an expanded Explanation of 1000 words on the
following .
Why do firms cluster ?
Firms cluster for various reasons, and the phenomenon of firm clustering has been observed in different industries and regions around the world. Clustered firms refer to a concentration of interconnected businesses within a specific geographic area that share common characteristics or operate in related industries.
This clustering effect has significant implications for the competitiveness, innovation, and growth of firms and regions. In this expanded explanation, we will explore the reasons why firms cluster and discuss the key factors that contribute to firm clustering.One of the primary reasons why firms cluster is the concept of agglomeration economies. Agglomeration economies refer to the benefits that firms derive from being located in close proximity to each other. There are two main types of agglomeration economies: external economies and internal economies. External economies arise from external factors such as shared infrastructure, knowledge spillovers, access to skilled labor, specialized suppliers, and customer networks. These external economies enhance the efficiency and productivity of firms in a cluster, leading to cost savings, increased innovation, and improved competitiveness.
To learn more about Firms cluster:
https://brainly.com/question/18297777
#SPJ11
Numerical Answer Questions Calculate your answer and enter the numerical value for your answer in the space provided. Pay attention to instructions regarding how your answer is to be entered. Question 23 (5 points) For the year just ended (at t-0), Central Georgia Bank (CGB) had net income per share of $6.55 and paid an annual dividend of $3.65 per share. Analysts expect earnings and dividends to grow at 6.70% per year for the foreseeable future. Assume that investors expect a rate of return of 10.40% on CGB stock. Using the constant growth model, what should be the current price of this stock? [Enter your answer with two decimal places. Do not enter a dollar sign ($). For example, enter as: 135.33] Your Answer: ________
The concept of "present value of a stock" is not one that is frequently employed in finance. It can be understood as the current value of the anticipated future cash flows produced by the stock, though. The term "present value" (PV) is used in finance to describe the current value of an expected future stream of cash flows after accounting for the time value of money.
Given, Net income per share = $6.55 Annual dividend = $3.65 Expected growth rate = 6.70% Investor’s expected rate of return = 10.40%
Let P be the current stock price. In the constant growth model, the present value of the stock's expected future cash flows is calculated using the following formula:
P = D / (r - g), where D is the expected annual dividend per share, r is the investor's expected rate of return, and g is the expected growth rate.
The present value of the stock's expected future cash flows can be calculated using the following formula:
P = D / (r - g)P = $3.65 / (10.40% - 6.70%)P = $3.65 / 0.037P = $98.65. Therefore, the current price of this stock should be $98.65. (long answer)
To know more about the Present Value Of Stock visit:
https://brainly.com/question/28861455
#SPJ11
Pina Inc. has decided to purchase equipment from Central Michigan Industries on January 2, 2020, to expand its production capacity to meet customers' demand for its product. Pina issues a(n) $960,000,
Here are the journal entries based on the question requirements about the company
Journal entry at the date of purchase:Equipment 960,000
Discount on Notes Payable 384,000
Notes Payable 960,000
Journal entry at the end of the second year to record the payment and interest:
Interest Expense 307,200
Notes Payable 192,000
Discount on Notes Payable 192,000
Cash 192,000
Journal entry to record depreciation in the first year:
Depreciation Expense 96,000
Accumulated Depreciation-Equipment 96,000
One can determine the discount on their notes payable by computing the current value of all future payments that are owed, considering the interest rate that is currently offered in the market.
The amount of interest cost is determined by multiplying the market interest rate by the recorded value of the note. The calculation of the depreciation cost involves dividing the equipment's cost by the duration of its useful life.
Read more about journal entries here:
https://brainly.com/question/14279491
#SPJ4
The Complete Question
Pina Inc. has decided to purchase equipment from Central Michigan Industries on January 2, 2020, to expand its production capacity to meet customers' demand for its product. Pina issues a(n) $960,000, 5-year, zero-interest-bearing note to Central Michigan for the new equipment when the prevailing market rate of interest for obligations of this nature is 12%. The company will pay off the note in five $192,000 installments due at the end of each year over the life of the note. - Your answer is partially correct. Prepare the journal entry at the date of purchase. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Debit Credit Account Titles and Explanation Equipment Discount on Notes Payable Notes Payable 960000 Prepare the journal entry at the end of the second year to record the payment and interest. (Round answers to 0 decimal places, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Account Titles and Explanation Debit Credit Interest Expense Notes Payable Discount on Notes Payable Cash 192000 192000 Assuming that the equipment had a 10-year life and no salvage value, prepare the journal entry necessary to record depreciation in the first year. (Straight-line depreciation is employed.) (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense Accumulated Depreciation-Equipment
If an investment grew to $11,500 in 2 years and the interest
amount earned was $886.98, calculate the nominal interest rate
compounded monthly.
The nominal interest rate compounded monthly is 0.5448, or approximately 5.448%
We can use the formula for compound interest to solve this problem:
A = P (1 + r/n)^(nt)
where:
A = final amount (in this case, $11,500)
P = principal or starting amount
r = nominal interest rate (what we want to find)
n = number of times interest is compounded per year (since we want the monthly rate, n = 12)
t = time in years (in this case, t = 2)
We know that the interest earned is $886.98, which means:
I = A - P
886.98 = 11,500 - P
P = 11,500 - 886.98
P = 10,613.02
Substituting these values into the formula, we get:
11,500 = 10,613.02(1 + r/12)^(2*12)
Simplifying and solving for r, we get:
1 + r/12 = (11,500 / 10,613.02)^(1/(2*12))
1 + r/12 = 1.0454
r/12 = 0.0454
r = 12(0.0454)
r = 0.5448
Therefore, the nominal interest rate compounded monthly is 0.5448, or approximately 5.448%
Learn more about interest rate here:
https://brainly.com/question/28236069
#SPJ11
Assume you are the manager for a smartphone company. Briefly
describe THREE (3) external environment that will affect your
company.
As a manager for a smartphone company, the three several external environment factors that could affect the company are economic environment, political environment and social environment.
These factors are beyond the control of the company, and they include economic, political, social, legal, and technological factors. Three of the external environments that will affect the company are explained below:
Economic environment: The economic environment includes factors such as inflation, recession, employment rates, and income levels, among others. Economic factors will affect how much money people have to spend on smartphones. If the economy is in a recession, people are likely to cut back on non-essential items such as smartphones. This will, in turn, affect the company's sales and revenue.Political environment: The political environment includes government policies and regulations. The policies could be beneficial or harmful to the smartphone company. For instance, if the government offers tax incentives to smartphone companies, it could reduce production costs. On the other hand, unfavorable policies such as high taxes, tariffs, and import restrictions could hurt the company's operations.Social environment: The social environment includes trends and changes in social behaviors and attitudes. It also includes factors such as demographics and culture. If the population is aging, there might be a shift towards smartphones with bigger screens and larger fonts. Similarly, if there is a shift in culture towards environmental sustainability, the company might need to focus on developing more eco-friendly products.To know more about external environment, visit https://brainly.com/question/21680038
#SPJ11
The estimated percentage of uncollectible accounts receivable for the year 2020 is 5%. The gross receivable is P844.000 and the allowance for bad debts is P238,000. 1. Record the adjusting entries for the provision of the estimated uncollectible accounts receivable on Dec. 31. 2020 if the 5% is applied to gross receivable.
The estimated percentage of uncollectible accounts receivable for the year 2020 is 5%. The gross receivable is P844.000 and the allowance for bad debts is P238,000.
Let's calculate the amount of uncollectible accounts receivable by multiplying the gross receivable with the estimated percentage of 5%.Uncollectible accounts receivable = 5% of P844,000 = P42,200Now we need to calculate the balance in the allowance for bad debts account as on December 31, 2020. For that, we need to know the balance in the account before the adjusting entry is recorded. The balance in the allowance for bad debts account on Dec 31, 2020, is P238,000. We need to adjust this amount to reflect the estimated amount of uncollectible accounts receivable. Record the adjusting entry for the provision of estimated uncollectible accounts receivable on December 31, 2020:Dr. Bad debts expense - P42,200Cr. Allowance for bad debts - P42,200The adjusting entry increases the bad debts expense account by P42,200 and decreases the allowance for bad debts account by the same amount.
To know more about uncollectible accounts visit:
https://brainly.com/question/30324781
#SPJ11