In the given scenario, when $100 in coins is deposited into a checking account, both M1 and M2 money supply will increase by the same amount.
M1 money supply includes all the physical money in circulation, including coins and paper currency, demand deposits, and traveler's checks, while M2 money supply includes all the components of M1 along with time deposits, savings deposits, and money market securities. The $100 deposit in coins would increase demand deposits in the checking account, which is a component of M1. At the same time, this deposit would also increase the balances in the bank's reserves, allowing the bank to create new loans and increase the supply of money in the economy. As a result, both M1 and M2 money supply would increase by $100. This is an example of how fractional reserve banking works, where a portion of deposits is kept as reserves, and the rest is loaned out to stimulate economic activity.
To learn more about money, click here:
https://brainly.com/question/29652006
#SPJ11
Which of the following best illustrates rising productivity: A) An expansion of the labor force B) An increase in the value of financial capital C) A decrease in the amount of physical capital per worker D) A decrease in the amount of labor needs to produce unit of output E) An increase in the amount resources required to produce a certain level of output
A decrease in the amount of labor needed to produce a unit of output best illustrates rising productivity.
Rising productivity refers to an increase in the efficiency or output per unit of input in the production process. Among the options provided, a decrease in the amount of labor needed to produce a unit of output represents an improvement in productivity.
When the amount of labor required to produce a certain level of output decreases, it indicates that workers are becoming more efficient and productive. This can result from various factors such as technological advancements, process improvements, or the implementation of better work methods. By achieving the same or higher level of output with fewer labor resources, the organization is able to increase its productivity.
On the other hand, options A, B, C, and E do not necessarily indicate rising productivity. While an expansion of the labor force (option A) may lead to increased output, it does not necessarily imply improved productivity per worker. An increase in the value of financial capital (option B) may contribute to economic growth, but it is not directly linked to productivity.
A decrease in the amount of physical capital per worker (option C) may hinder productivity, and an increase in the amount of resources required to produce a certain level of output (option E) indicates a decrease in productivity efficiency.
Learn more about physical capital, below:
https://brainly.com/question/13568995
#SPJ11
suppose that eighteen-month and 21-month zero-coupon bonds ($1 face values) are trading at 0.94 and 0.93, respectively? what is the eighteen-month forward price of the three-month rate?
The approximate eighteen-month forward price of the three-month rate is 1.45.
To calculate the eighteen-month forward price of the three-month rate, we can use the formula:
Forward Price = (1 + Spot Price of 21-month bond) / (1 + Spot Price of 18-month bond)^(18/12)
Given the spot prices of the 21-month and 18-month bonds as 0.93 and 0.94, respectively, we can substitute these values into the formula:
Forward Price = (1 + 0.93) / (1 + 0.94)^(18/12)
Calculating this expression:
Forward Price = 1.93 / 1.94^(1.5)
Using a calculator:
Forward Price ≈ 1.93 / 1.332Forward Price ≈ 1.45
learn more about price here:
https://brainly.com/question/19091385
#SPJ11
for your new business idea, discuss how the learning curve influences your success, the complementary assets that are critical to develop for your venture, and the reputation of your competitors.
The learning curve can have a significant impact on the success of a new business idea. As entrepreneurs and employees gain experience and knowledge through repetition and practice, they become more efficient and productive. This increased efficiency leads to cost reductions, improved quality, and faster delivery times, giving the business a competitive advantage. The learning curve allows the business to optimize processes, identify and eliminate inefficiencies, and continuously improve its operations. By embracing and leveraging the learning curve, the business can enhance its productivity, profitability, and overall success.
In addition to the learning curve, developing complementary assets is critical for the success of a new venture. Complementary assets refer to the resources, capabilities, and infrastructure that support and enhance the core business idea. These assets could include intellectual property, proprietary technologies, strong supplier relationships, distribution channels, brand reputation, and customer networks. By developing and leveraging these complementary assets, the business can differentiate itself from competitors, create barriers to entry, and enhance its value proposition. Complementary assets provide a foundation for sustainable growth and competitive advantage.
The reputation of competitors also plays a significant role in the success of a new business idea. Established competitors with strong reputations may have a loyal customer base, brand recognition, and trusted relationships with suppliers and partners. Competing against well-established players can be challenging, but it also presents opportunities to differentiate and disrupt the market. By focusing on innovation, unique value propositions, and exceptional customer experiences, the new venture can gradually build its own reputation and carve out a niche in the market. Understanding and strategically positioning against competitor reputations is essential for the success and growth of the new business.
Overall, the learning curve, complementary assets, and the reputation of competitors are all crucial factors that can influence the success of a new business idea. Embracing the learning curve, developing key complementary assets, and positioning against competitor reputations are strategies that can enhance the chances of success and create a strong foundation for growth and sustainability.
learn more about "entrepreneurs":- https://brainly.com/question/353543
#SPJ11
if a monopolist wants to increase the quantity sold from 5 units to 6 units, it cuts the price from $16 to $14 . the marginal revenue = $
The marginal revenue for the monopolist when it increases the quantity sold from 5 units to 6 units by cutting the price from $16 to $14 is $8.
Marginal revenue is the additional revenue generated by selling an additional unit of a product. In this case, the monopolist wants to increase the quantity sold from 5 units to 6 units, which means it is selling one additional unit. The monopolist cuts the price from $16 to $14 to attract more customers and increase sales.
To calculate the marginal revenue, we need to find the change in total revenue when the quantity sold increases from 5 units to 6 units. The original total revenue at 5 units sold and $16 per unit is 5 x $16 = $80. When the quantity sold increases to 6 units and the price is reduced to $14 per unit, the new total revenue is 6 x $14 = $84.
The change in total revenue is $84 - $80 = $4. Therefore, the marginal revenue for the monopolist is $4. However, since the monopolist is selling only one additional unit, the marginal revenue is also equal to $4 divided by 1, which is $4. Therefore, the marginal revenue for the monopolist when it increases the quantity sold from 5 units to 6 units by cutting the price from $16 to $14 is $8.
1. Calculate the total revenue before the price cut: 5 units * $16 = $80.
2. Calculate the total revenue after the price cut: 6 units * $14 = $84.
3. Calculate the change in total revenue: $84 - $80 = $4.
4. Calculate the marginal revenue: $4 / (6 units - 5 units) = $8.
To Know more about quantity sold
https://brainly.com/question/16910784
#SPJ11
which of the following is a likely outcome if a buy-sell agreement in a two person partnership is not in place when one of the partners dies?athe surviving spouse of the deceased becomes the other partnerbthe value of the business will increasecthe agreement will need to go through the probate processdpartnership transfer taxes are due within 9 months
The likely outcome if a buy-sell agreement in a two-person partnership is not in place when one of the partners dies is partnership transfer taxes are due within 9 months.
When a partner dies and there is no buy-sell agreement in place, the partnership's assets and interests may need to go through the probate process. During this process, the transfer of ownership can be subject to partnership transfer taxes, which need to be paid within a specific timeframe, often within 9 months. Without a buy-sell agreement outlining the terms and conditions of the transfer of ownership, the surviving partner and the deceased partner's estate may face difficulties and legal complications in determining how the partnership interests should be handled and valued.
To know more about buy-sell agreement, click here https://brainly.com/question/30324430
#SPJ11
which statement is true? verbtyre captialists tend to invest in a vast array of enterprises rrather than specialize in a few areas
The statement "Venture capitalists tend to invest in a vast array of enterprises rather than specialize in a few areas" is true. Overall, venture capitalists typically embrace diversification rather than specializing in a few areas when it comes to their investment approach.
Venture capitalists (VCs) typically adopt a diversified investment strategy by investing in a wide range of enterprises across various industries. This approach allows them to spread their risk and increase the likelihood of high returns on their investment portfolio. By investing in a diverse set of companies, VCs can capitalize on different sectors, technologies, and market opportunities.
While some venture capitalists may have specific industry expertise or preferences, they generally aim to create a balanced portfolio by investing in multiple startups or ventures. This diversification strategy helps mitigate the risk associated with investing in early-stage companies, as the success of any one investment can offset potential losses from others. Additionally, investing across different industries enables VCs to capitalize on emerging trends and disruptive innovations.
To know more about Venture capitalists, click here:
https://brainly.com/question/30469461
#SPJ11
Consumer awareness and consumer education are important considerations for many organizations that don’t sell products or services. A. True B. False
The statement that Consumer awareness and consumer education are important considerations for many organizations that don’t sell products or services is true.
What is Consumer awareness?Consumer awareness can be seen as the way that is been used in showing that the buyer or purchaser is aware of the details and information regarding goods, services, administrations, and buyer rights.
In order to raise consumer awareness of the product it should be noted that the corporation is mainly focused on marketing the product.
Learn more about Consumer awareness at:
https://brainly.com/question/28422459
#SPJ1
watson, a calendar year corporation, reported $1,250,000 net income before tax on its financial statements prepared in accordance with gaap. during the year, watson exchanged one piece of commercial real estate for another. the real estate given in the exchange had an original cost of $550,000, accumulated book depreciation of $350,000, and accumulated tax depreciation of $410,000. the real estate received in the exchange has a $650,000 fmv. required: calculate watson's book gain on the exchange. calculate watson's tax gain realized and recognized on the exchange. assuming no other book/tax differences, calculate watson's taxable income.
The taxable income is $800,000.
we need to find the difference between the fair market value (FMV) of the real estate received and its book value. The book value is the original cost minus the accumulated book depreciation.
Book Gain = FMV of real estate received - Book value of real estate given
= $650,000 - ($550,000 - $350,000)
= $650,000 - $200,000
$450,000
calculate Watson's tax gain realized and recognized on the exchange. The tax gain realized is the difference between the fair market value of the real estate received and its tax basis. The tax basis is the original cost minus the accumulated tax depreciation.
Tax Gain Realized = FMV of the real estate received - Tax basis of real estate given
= $650,000 - ($550,000 - $410,000)
= $650,000 - $140,000
= $510,000
The tax gain recognized is the lesser of the tax gain realized or the book gain. In this case, the tax gain recognized would be $450,000, which is the book gain.
Finally, to calculate Watson's taxable income, we subtract the tax gain recognized from the net income before tax.
Taxable Income = Net income before tax - Tax gain recognized
= $1,250,000 - $450,000
Taxable Income = $800,000
For more such questions on taxable visit:
https://brainly.com/question/1160723
#SPJ11
the safety products division is currently purchasing 3,000 of these sensors per year from an overseas supplier at a cost of $59 per sensor.assume that the sensor division is selling all of the sensors it can produce to outside customers. what should be the minimum acceptable transfer price for the sensors from the standpoint of the sensor division?
The Sensor Division should not transfer the sensors to the Safety Products Division for a price lower than $60 per sensor to maintain profitability.
Assuming the Safety Products Division is currently purchasing all 3,000 sensors per year from the overseas supplier at a cost of $59 per sensor, the relevant cost for the Sensor Division is the variable cost of producing each sensor. Let's assume that the variable cost per sensor is $40.
The opportunity cost for the Sensor Division is the contribution margin it could earn by selling each sensor to outside customers instead of transferring them to the Safety Products Division. Let's assume that the contribution margin per sensor is $20.
Therefore, the minimum acceptable transfer price for the sensors would be the sum of the relevant cost and the opportunity cost:
Minimum acceptable transfer price = Relevant cost + Opportunity cost
Minimum acceptable transfer price = $40 + $20
Minimum acceptable transfer price = $60
Thus, the Sensor Division should not transfer the sensors to the Safety Products Division for a price lower than $60 per sensor to maintain profitability.
To learn more about safety products division here:
https://brainly.com/question/31634822
#SPJ11
in china, economic liberalization policies have resulted in which of the following? responses the nationalization of industries and a decrease in state corruption the nationalization of industries and a decrease in state corruption the significant migration of the people from one region to another the significant migration of the people from one region to another a reduction of inequality between urban and rural areas a reduction of inequality between urban and rural areas an increase in the role of the state in determining production
The economic liberalization policies in China have led to a decrease in state control and an increase in market oriented reforms.
Since the late 1970s, China has undergone significant economic reforms that have opened up its economy to foreign investment, allowed private enterprise, and encouraged market competition.
These reforms have resulted in increased economic growth, reduced poverty, and a rise in living standards for many Chinese people.
However, the economic liberalization policies have also led to rising inequality between urban and rural areas, as well as between different regions within China.
Learn more about liberalization here:
https://brainly.com/question/7141243
#SPJ1
suppose that the federal government places a binding price floor on chocolate. to help support the price floor, the government purchases all chocolate that consumers do not buy. if the price floor remains in place for a number of years, what do you expect to happen to the quantity of chocolate demanded by consumers? question 10 options: it will increase. it will remain the same. it will decrease.
Over time, the quantity of chocolate demanded by consumers is likely to decrease. This is because consumers will switch to substitute goods, such as candy or cookies, which are now relatively cheaper compared to chocolate.
If a binding price floor is placed on chocolate, it means that the government has set a minimum price at which chocolate can be sold. This price is usually higher than the equilibrium price, which is the price that balances the quantity of chocolate supplied by producers and the quantity demanded by consumers. Since the price floor is above the equilibrium price, it will lead to a surplus of chocolate, which means that the quantity supplied will exceed the quantity demanded. To support the price floor, the government will have to purchase all the chocolate that consumers do not buy. This will lead to an increase in the quantity of chocolate supplied, but it will also reduce the quantity demanded by consumers, since they will have to pay a higher price for chocolate. In addition, chocolate producers may reduce their production in response to lower demand, which may lead to higher unemployment and lower economic growth. While the price floor may benefit chocolate producers in the short run, it is likely to lead to inefficiencies and market distortions in the long run.
For such more questions on consumers
https://brainly.com/question/29649674
#SPJ11
martin jackson receives an hourly wage rate of $22, with time and a half for all hours worked in excess of 40 hours during a week. payroll data for the current week are as follows: hours worked, 42; federal income tax withheld, $316; social security tax rate, 6.0%; and medicare tax rate, 1.5%. what is the net amount to be paid to jackson?
The net amount to be paid to Jackson is $558.05.
To calculate the net amount to be paid to Jackson, we need to first determine his gross pay for the week. Since he receives time and a half for all hours worked in excess of 40 hours during a week, we can calculate his gross pay as follows:
Regular pay = 40 hours x $22/hour = $880
Overtime pay = 2 hours x $22/hour x 1.5 = $66
Gross pay = Regular pay + Overtime pay = $880 + $66 = $946
Next, we need to calculate the amount of taxes that will be withheld from Jackson's gross pay. To do this, we will use the tax rates provided:
Social security tax = 6% x $946 = $56.76
Medicare tax = 1.5% x $946 = $14.19
Federal income tax withheld = $316
Total taxes withheld = Social security tax + Medicare tax + Federal income tax withheld
Total taxes withheld = $56.76 + $14.19 + $316 = $387.95
Finally, we can calculate Jackson's net pay by subtracting the total taxes withheld from his gross pay:
Net pay = Gross pay - Total taxes withheld = $946 - $387.95 = $558.05
For such more questions on amount
https://brainly.com/question/24553900
#SPJ11
If government revenues in 2018 were $3.1 trillion and government outlays, including interest on debt, were $2.8 trillion, the federal O budget deficit was $300 billion debt was unaffected in that year, debt increased $300 billion. Odebt decreased $300 billion budget was balanced,
If government revenues in 2018 were $3.1 trillion and government outlays, including interest on debt, were $2.8 trillion, the federal budget deficit was $300 billion.
The federal budget deficit is calculated by subtracting government revenues from government outlays. In this case, the calculation would be $2.8 trillion (government outlays) - $3.1 trillion (government revenues) = -$300 billion. A negative value indicates a budget deficit, which means that the government spent more than it collected in revenue.
Debt being unaffected means that the overall debt remained the same in that year. The deficit represents the difference between spending and revenue in a specific fiscal year, whereas the debt refers to the cumulative amount of borrowing over time. In this scenario, if the deficit was $300 billion and the debt remained unaffected, it suggests that the government had to borrow $300 billion to cover the budget shortfall, but the overall debt did not increase or decrease.
learn more about " federal budget":- https://brainly.com/question/10959037
#SPJ11
when a firm focuses on hiring only for entry-level jobs and tends to promote from within the firm, then the firm is said to
When a firm focuses on hiring primarily for entry-level jobs and has a preference for promoting from within, it is implementing a strategy known as internal promotion. This approach allows the firm to invest in developing its employees, fostering loyalty and commitment. By concentrating on hiring for entry-level positions, the firm can train new employees in its unique culture and practices. This not only ensures a consistent work environment but also helps in retaining the organization's values and vision.
Internal promotion offers benefits to both the firm and its employees. For the firm, it reduces the time and resources spent on external recruitment, and it can lead to higher employee retention rates as individuals feel valued and rewarded for their efforts. For employees, internal promotion provides opportunities for growth and advancement within the company, as well as increased job security.
Overall, this strategy promotes a supportive and dynamic work culture that enables employees to thrive and the firm to achieve its goals effectively.
To know more about internal promotion please visit
https://brainly.com/question/13372466
#SPJ11
if you and your partner are required to work together on a number of projects throughout the semester, what other possible outcome might you be able to sustain?
If you and your partner are required to work together on a number of projects throughout the semester, another possible outcome you might be able to sustain is improved teamwork and collaboration skills.
Working together on multiple projects provides an opportunity for you and your partner to develop and enhance your teamwork and collaboration abilities.
As you navigate through different tasks and assignments, you will likely encounter various challenges and learn how to communicate effectively, share responsibilities, and leverage each other's strengths. This collaboration experience can foster a sense of cohesion, trust, and mutual understanding between you and your partner.
By actively engaging in joint projects, you have the chance to develop important interpersonal skills, such as effective communication, negotiation, and conflict resolution.
These skills are not only valuable for academic settings but also highly sought after in professional environments where teamwork is essential.
Additionally, sustained collaboration throughout the semester can lead to a deeper understanding of each other's working styles, enabling you to adapt and synergize your efforts more efficiently.
Overall, the outcome of improved teamwork and collaboration skills can benefit both your academic performance and future endeavors that involve working with others.
To learn more about communication click here
brainly.com/question/30796756
#SPJ11
for most companies, the following factor in the marketing environment framework would be the least likely to be entered as either an opportunity or a threat in a swot analysis?
The factor in the marketing environment framework that would be the least likely to be entered as either an opportunity or a threat in a SWOT analysis for most companies is the cultural and social environment.
This is because cultural and social factors are usually beyond the control of the company and do not have a direct impact on the company's ability to achieve its goals. However, cultural and social factors may indirectly affect a company's performance by influencing consumer behavior, attitudes, and preferences.
The cultural and social environment encompasses the beliefs, values, norms, and customs of a society. It includes factors such as demographics, social trends, cultural traditions, and lifestyle choices. These factors can influence consumer behavior and impact the demand for a company's products or services. While a company may not be able to control these factors, it can adapt its marketing strategies to appeal to different segments of the market. For example, a company may change its product packaging or advertising campaigns to appeal to different cultural or social groups.
Learn more about advertising campaigns here:-brainly.com/question/11698706
#SPJ11
Suppose the unemployment last month was 3.5% and the labor force was 165 m people. The unemployment rate this month was 4.4%. If there was no change in the labor force, how many more people were unemployed this month? Now, suppose 2 million people left the labor force since last month. What would the change in the number of unemployed people be in that case?
In the scenario where there is no change in the labor force, there are approximately 1.485 million more people unemployed this month compared to last month.'
To calculate the change in the number of unemployed people, we first need to determine the size of the labor force in each month.
No change in the labor force:
In the first scenario, if there was no change in the labor force, we can assume that the size of the labor force remains constant at 165 million people.
Unemployment rate last month = 3.5%
Number of unemployed last month = Unemployment rate * Labor force
= 0.035 * 165 million
= 5.775 million
Unemployment rate this month = 4.4%
Number of unemployed this month = Unemployment rate * Labor force
= 0.044 * 165 million
= 7.26 million
Change in the number of unemployed people = Number of unemployed this month - Number of unemployed last month
= 7.26 million - 5.775 million
= 1.485 million
Know more about labor force here;
https://brainly.com/question/13962639
#SPJ11
mr. bond is single with taxable income of $45,000 in 2021. included in his taxable income is a long-term capital gain of $10,000. what is his federal tax liability
Assuming Mr. Bond has no deductions or credits other than the standard deduction, his federal tax liability for 2021 would be $5,014.50.
The federal tax liability for an individual is calculated by first determining their taxable income, which includes all sources of income subject to taxation, such as wages, salaries, and capital gains. For the tax year 2021, the tax brackets and rates for single filers range from 10% to 37%, with higher rates applying to higher levels of income. In the case of Mr. Bond, his taxable income of $45,000 falls within the 22% tax bracket, which means that he owes $6,219.50 in federal income tax. This amount is calculated by applying the 22% tax rate to his taxable income, and then subtracting any applicable credits or deductions.
To know more about tax liability, here
https://brainly.com/question/28299621
#SPJ4
What type of plan would be used to guide product delivery on a daily basis? 1. SMART plan 2. tactical 3. operational 4. strategic
A tactical plan would be the most suitable type of plan to guide product delivery on a daily basis.
In the context of product delivery, a tactical plan would involve setting specific goals and objectives for each day, allocating resources and personnel, coordinating logistics, and establishing key performance indicators (KPIs) to track progress.
It would outline the tasks, timelines, and responsibilities of each team member involved in the delivery process. Tactical planning ensures that product delivery operations run smoothly, efficiently, and effectively on a daily basis.
It helps in managing resources, optimizing processes, identifying and resolving bottlenecks, and making adjustments as necessary to meet customer demands and expectations.
In conclusion, a tactical plan is the most suitable type of plan to guide product delivery on a daily basis. It provides a practical and actionable framework for achieving operational goals and ensuring successful product delivery.
To learn more about the plan, visit
https://brainly.com/question/30826417
#SPJ11
suppose that it currently costs 17 mexican pesos to buy one u.s. dollar. with that as the reference point, decide whether each situation corresponds to a price above or below 17 pesos/dollar.
The price above 17 pesos/dollar for any cost to purchase a U.S. dollar over 17 pesos is the same as the price below 17 pesos/dollar for any cost to purchase a U.S. dollar over 17 pesos.
Although most shops will accept U.S. dollars, it is preferable to exchange your money for pesos. It is the Mexican money, and you'll get greater deals. Many people obtain pesos from their own bank before traveling.
The currency of the Philippines and several other nations in the Americas is the peso. Peso, which means "weight" in Spanish, has its roots in the Spanish Empire.
Learn more about Peso here:
https://brainly.com/question/20709271
#SPJ1
which basis of accounting attempts to record revenue in the accounting period when it is earned regardless of when the cash is received?
The accrual basis of accounting attempts to record revenue in the accounting period when it is earned regardless of when the cash is received.
What is accrual basis of accounting?Accrual basis of accounting is a method of accounting that records revenues and expenses when they are earned or incurred regardless of when cash is exchanged.
Under the accrual basis of accounting revenues are recognized when they are earned and expenses are recognized when they are incurred regardless of when cash is received or paid
Learn more about accrual basis of accounting at
https://brainly.com/question/28433316
#SPJ1
all of the following are insured persons under the liability coverage of the pap excepta.a friend to whom the named insured loans a covered auto.b.a relative of the named insured if a member of the same household who in not licensed.c.the former spouse of the named insured who moved out of the home 2 years ago when the divorce was finalized.d.a relative of the named insured if a member of the same household.
The insured person who is not covered under the liability coverage of the PAP (Personal Auto Policy) is option c: the former spouse of the named insured who moved out of the home 2 years ago when the divorce was finalized.
In general, the liability coverage of the PAP extends to various individuals, including the named insured, their family members, and other permissive users of the insured vehicle. However, after a divorce is finalized and the former spouse moves out of the home, they are typically considered separate entities and are no longer covered under the policy. Therefore, option c is the correct answer.
It's important to review the specific terms and conditions of the PAP to understand the precise scope of coverage and any exceptions that may apply. Insurance policies can vary, so consulting the policy documentation or contacting the insurance provider directly is advisable for accurate and detailed information regarding coverage.
To learn more about liability click here
brainly.com/question/30805836
#SPJ11
one major change in investigating financial frauds in the last 15 years is: a. the fraudsters are becoming smarter. b. the basic nature of the crimes are changing. c. the paper trail for finding fraudulent activities is disappearing.
One major change in investigating financial frauds in the last 15 years is that the paper trail for finding fraudulent activities is disappearing.
The shift to electronic financial transactions and the use of digital payment methods has made it easier for fraudsters to cover their tracks, making it more challenging for investigators to trace fraudulent activities. This is particularly evident in cases of cybercrime, where digital evidence can be easily erased or encrypted. As a result, investigators must be equipped with specialized skills and tools to retrieve digital evidence, and there is a growing need for improved data analytics and forensic techniques to detect and prevent financial frauds.
To know more about fraud, click here https://brainly.com/question/31326235
#SPJ11
at the end of the year, thomas associates had a credit balance in its allowance for uncollectible accounts of $6,000 before adjustment. the balance in thomas's gross accounts receivable is $480,000. thomas's management estimates that 9% of its accounts receivable balance will not be collected.required:what journal entry should thomas record to adjust its allowance for uncollectible accounts?assume the balance in allowance for uncollectible accounts had been a debit balance of $6,000 before adjustment. what journal entry should thomas record to adjust its allowance for uncollectible account?
Journal entry to adjust the allowance for uncollectible accounts with a credit balance of $6,000:
Debit Bad Debt Expense for $43,200 (9% of $480,000)
Credit Allowance for Uncollectible Accounts for $43,200
Journal entry to adjust the allowance for uncollectible accounts with a debit balance of $6,000:
Debit Allowance for Uncollectible Accounts for $37,200 ($43,200 - $6,000)
Credit Bad Debt Expense for $37,200
The first entry increases the allowance for uncollectible accounts by the estimated amount of bad debt expense of $43,200, resulting in a total credit balance of $49,200. The second entry reduces the debit balance in the allowance account by the same amount of $37,200, resulting in a credit balance of $6,000, which is the required ending balance. These entries reflect the matching principle, which requires expenses to be recognized in the same period as the revenue they relate to, and the conservatism principle, which requires companies to recognize potential losses as soon as they are reasonably estimable.
Learn more about Journal entry here;
https://brainly.com/question/20421012
#SPJ11
public corporations must file reports related to stocks and bonds with the:
Public corporations must file reports related to stocks and bonds with the Securities and Exchange Commission (SEC). The Securities and Exchange Commission (SEC) is a regulatory agency in the United States that oversees and regulates the securities industry.
Public corporations, which are companies whose shares are traded on a public stock exchange, are required to comply with the reporting obligations set by the SEC.
One of the key reporting requirements for public corporations is the filing of reports related to stocks and bonds with the SEC. These reports include important financial information, such as annual reports (Form 10-K), quarterly reports (Form 10-Q), and current reports (Form 8-K).
These reports provide detailed information about the company's financial performance, business operations, risk factors, and other relevant disclosures.
By filing these reports with the SEC, public corporations ensure transparency and provide investors and the public with accurate and up-to-date information about their financial health and performance. This allows investors to make informed decisions and promotes fair and efficient markets.
In summary, public corporations are required to file reports related to stocks and bonds with the Securities and Exchange Commission (SEC), as part of their obligations to provide transparent and accurate information to investors and the public.
Learn more about financial health here :
https://brainly.com/question/31439808
#SPJ11
Public corporations are obligated to file reports relating to their stocks and bonds with the Securities and Exchange Commission. The purpose of these reports is to provide transparency and to safeguard investors by giving comprehensive financial data about the company.
Explanation:Public corporations are required to file reports related to stocks and bonds with the Securities and Exchange Commission (SEC). The SEC is a United States' federal agency responsible for enforcing federal securities laws and regulating the securities industry. The information in these reports becomes available to the public, who can utilise it for making investment decisions. In essence, these filings ensure transparency and aim to protect the investor by providing accurate data about the company's financial status.
Learn more about Securities and Exchange Commission here:https://brainly.com/question/24678450
#SPJ12
Assume that an economy has the following data:
Nominal GDP in 2018: $1,785 million
Nominal GDP in 2019: $1,790 million
GDP deflator 2018: 103. 4
GDP deflator 2019: 102. 1
Potential RGDP for 2019: $1,805 million
Significant decreases in wages across industries resulted in a ________ in 2019 with deflation of ________ percent
Based on the given data, we can calculate the real GDP for both 2018 and 2019 using the GDP deflator formula:
Real GDP = Nominal GDP / GDP deflator x 100
Real GDP 2018 = 1,785 / 103.4 x 100 = $1,727.65 million
Real GDP 2019 = 1,790 / 102.1 x 100 = $1,753.66 million
We can then calculate the percent change in real GDP from 2018 to 2019:
Percent change in real GDP = (Real GDP 2019 - Real GDP 2018) / Real GDP 2018 x 100
Percent change in real GDP = ($1,753.66 million - $1,727.65 million) / $1,727.65 million x 100 = 1.50%
Since there was a decrease in wages across industries, we would expect to see deflation, which is a decrease in the overall price level. We can calculate the percent change in the GDP deflator from 2018 to 2019:
Percent change in GDP deflator = (GDP deflator 2019 - GDP deflator 2018) / GDP deflator 2018 x 100
Percent change in GDP deflator = (102.1 - 103.4) / 103.4 x 100 = -1.26%
Therefore, we can say that there was a 1.50% decrease in real GDP in 2019 with deflation of 1.26%.
To know more about Real GDP click this link -
brainly.com/question/28587972
#SPJ11
________ is an economy's arbitrator between productive capacity and consumer demand.
Price is an economy's arbitrator between productive capacity and consumer demand. In a market economy, prices play a critical role in balancing the available supply of goods and services with
the demand for them. When the supply of a particular good or service is greater than the demand for it, the price tends to fall, signaling to producers that they need to reduce production or find new markets for their goods. When the demand for a particular good or service is greater than the supply of it, the price tends to rise, signaling to producers that they can increase production or charge higher prices.
As such, the price acts as a mechanism for allocating resources and balancing supply and demand. This process helps to ensure that an economy's productive capacity is used efficiently to meet the needs and wants of consumers.
Learn more about economy's here:
https://brainly.com/question/2421251
#SPJ11
which of the following is not a benefit of having a formalized pmm (project management methodology)? group of answer choices enables the tracking of progress against pre-determined metrics and facilitates standardized reporting ensures executive support provides a common language for communicating and planning prior to the start of the project work establishes a means for managing projects more efficiently
One of the benefits of having a formalized PMM (Project Management Methodology) is that it establishes a means for managing projects more efficiently.
However, there is one benefit that is not listed in the group of answer choices - it does not guarantee project success. While a formalized PMM can improve the chances of project success, there are other factors that can influence the outcome of a project such as unforeseen challenges, budget constraints, and human error.
Therefore, it is important to note that a formalized PMM should not be solely relied upon for project success, but rather used as a tool to help mitigate risks and ensure efficient project management practices are being followed.
Ultimately, project success is a combination of various factors and not solely dependent on having a formalized PMM.
To know more about PMM please visit...
brainly.com/question/15129207
#SPJ11
when an intra-entity sale has occurred, consolidation worksheet entry ti removes both the related purchase (through a credit to cogs) and a debit to the related account. true or false
The statement is false. When an intra-entity sale has occurred, the consolidation worksheet entry will remove the related intercompany revenue and cost of goods sold (COGS) entries.
The intercompany revenue will be eliminated through a debit to the intercompany sales account and a credit to the intercompany revenue account, while the COGS will be eliminated through a credit to the intercompany COGS account and a debit to the inventory account. The related purchase will not be removed through a credit to COGS, as there was no actual external purchase made. It is important to properly eliminate intercompany transactions to ensure accurate financial statements for the consolidated entity.
To learn more about revenue, visit:
https://brainly.com/question/30673648
#SPJ11
Which of the following costs would be considered relevant when deciding between two products to produce? Select one: A. Level of direct materials required B. Additional investment in factory equipment for one product C. Amount of additional direct and indirect labor D. The opportunity cost associated with one or the other product E. All of the above In the decision to make or buy a new component, if a company is producing at full capacity then the only factors that matter are the costs of materials, direct labor, and variable overhead.
E. All of the above would be considered relevant when deciding between two products to produce. Each of these costs can impact the overall profitability and viability of producing a certain product.
The level of direct materials required can impact the cost of goods sold, the additional investment in factory equipment can impact the fixed costs associated with production, the amount of additional direct and indirect labor can impact labor costs and production efficiency, and the opportunity cost associated with one or the other product can impact the potential revenue and profitability of the overall business.
In the decision to make or buy a new component, if a company is producing at full capacity, then the only factors that matter are the costs of materials, direct labor, and variable overhead as fixed costs are already being fully utilized.
Learn more about producing here:
https://brainly.com/question/30141735
#SPJ11