31st Dec 2012 $3,500 in Bad Debts and Dr. To provide for questionable debts or accounts that are not collectable Cr. $3,500. Uncollectible debts are accounts that are %expected not to be paid.
Allowance=$45000×10/100−$1000=$3500
2) Date Specific Amount Dr. Amount Cr. December 31, 2012 Allowance for questionable debts or uncollectible accounts: Bad Debts A/c Dr. $5,000 To To Cr. $5,000
Uncollectible accounts (bad debts): $250,000 x 2/100 = 5000
Bad debts are estimated at 2%. Additionally, using this method, the credit balance will not be changed.
3 Method, and Effect
Assets Total Income
Method based on percentage of receivables Reduce $3,500 by $3,500 when 10% of the receivables are not collected. When 2% of receivables are not collected, the percentage of credit sales decreases by $5,000.
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What type of culture emerges in an environment that requires fast response and high-risk decision making?
Answer:
The achievement culture emerges in an environment that requires fast response and high-risk decision-making. 46. An achievement culture is found in an environment that is dynamic and requires high-risk decision-making.
Explanation:
The product/market expansion grid is a tool that allows marketers to identify growth opportunities. Of the following, which represent the four components of the product/market expansion grid?.
The product/market expansion grid is a tool that allows marketers to identify growth opportunities. Market penetration, market development, product development as well as diversification are the ones that represent the four components of the product/market expansion grid.
A market product grid is also defined as an Ansoff Matrix or a product-market type expansion grid which is a tool used in business firms for the development of growth strategy. A market product grid is established for considered existing markets to be new and existing products encountered with risks to be assessed in each possible relationship.
The Product Market Expansion Grid consists of four main strategies like Product Development, Diversification, Market Penetration, and Market Development.
A Market Expansion strategy is a kind of strategic approach for purpose of growth of companies when they are expanded as far as possible in existing channels. The primary focus of the strategy is to ensure that all the current markets are fulfilled and are satisfied with the products including the services that are presented for market expansion strategy purposes.
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select all that apply what should a successful vision do for an organization? (check all that apply.) multiple select question. it should ensure that employees understand their job duties. it should describe the products and services it plans to provide. it should inspire employees. it should make employees feel that their work is important.
The following applies to the successful vision for an organization:
It should make employees feel that their work is important.It should inspire employees.What is an organization?An organization is a group of individuals engaged in the pursuit of specific goals. All formal human ties make up its social structure, which can be understood. Workload allocation among employees and task alignment with regard to the organization's main objective is both aspects of the organization. There are various types of firms:
Structure of a formal organization: Formal organizational structure is the arrangement of roles and responsibilities that includes predetermined interactions and relationships. In order to achieve the company's goals, management formed it.
Informal organizational structure: The interaction between employees that is based more on individual attitudes, prejudices, and interests than on formal procedures. There is no requirement for a formal organization to create this system of interpersonal and social interaction.
Thus, there are a lot of different types of firms.
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the practice of using available resources to produce a single good or service rather than multiple goods and services is called . (enter one word in the blank.)
The practice of using available resources to produce a single good or service rather than multiple goods and services is called Specialization.
What is Specialization?Specialization can be described as the act of been an expert in a field, it involves the ability of a company to be able to focus on a particular production of a product and have the ability to produce it perfectly.
In conclusion, this act of specialization do help to maintain the price of one good, however this help to maintain professionalism because it help the manufacturer to master the production of that goods than its counterparts.
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Approval of new accounts for finra member firms can be performed by the? i registered representative ii branch office manager iii financial and operations principal
The correct answer is Branch Office Manager
An executive who oversees a specific location or branch office of a bank or other financial services provider is referred to as a branch manager. Typically, branch managers are in charge of all aspects of that branch office, including hiring staff, supervising the approval of loans and lines of credit (LOCs), marketing, cultivating relationships in the neighborhood to draw in customers, assisting with customer service, and making sure the branch achieves its goals and objectives on schedule. An employee who manages a bank or other financial institution's branch's operations is known as a branch manager. Managing resources and personnel, creating and achieving sales targets, providing customer service, and increasing the location's income are all duties that fall within the purview of the branch manager.
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In an average year, what is the typical pattern of stock market moves look like?
The typical pattern of stock market moves look like-
Flag. The flag stock chart sample is fashioned as a sloping rectangle, in which the assist and resistance lines run parallel till there may be a breakout. The breakout is typically the other route of the trendlines, which means this is a reversal pattern.
what is the maximum common stock sample?
Triangles are some of the maximum famous chart patterns used in technical evaluation considering that they occur frequently in comparison to different patterns stock market. The three most common types of triangles are symmetrical triangles, ascending triangles, and descending triangles.
what is the most reliable pattern in buying and selling?
Head and shoulders pattern is taken into consideration to be one of the maximum dependable reversal chart styles. This sample is shaped when the costs of the stock rises to a top and falls right down to the same degree from in which it had commenced rising.
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the builders of the transcontinental railroad used legal and illegal means to cut costs and finance construction.
Answer:
C. receiving government aid, and umm Selling Stock and unsafe workmanship,
Explanation:
hope this helps
Which of the following is counted in the money supply?
Barter
Currency
Personal debt
Mortgage balances
The option that tells us what is counted in the money supply would have to be Mortgage balances.
What is meant by money supply?This is the term that is used to refer to the total amount of money that is in circulation in a particular economy at a period of time. It is the money that is in circulation that the people especially households and businesses would use in their daily transactions in the economy at a period of time.
Hence we would have to conclude that the The option that tells us what is counted in the money supply would have to be Mortgage balances.
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Answer:
B. Currency.
Explanation:
Took the test and got ir right.
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true or false? the cost-based differential advantage is teh hardest differential advantage to regain once it is lost
It is FALSE to state that the cost-based differential advantage is the hardest differential advantage to regain once it is lost.
What is cost-based differential advantage?A company's differential advantage is a culmination of the unique value proposition or traits that it has which differentiates it form the competition as viewed by the market.
The cost-based advantage means that the company is able to operate at a lower cost then the competition hence, possessing an edge in:
Final Unit pricesAdvantage with respect to bottom line leverage etc.How can a company easily lower or regain cost-based advantage?With proper management and internal controls relating to purchases, procurement, budgeting and planning, a company may be able to achieve an efficient cost based system.
When a good brand advantage has been damaged however, it is much more difficult to reclaim than a cost-based advantage.
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Madelyn is calculating the present value of a bonus she will receive next year. The process she is using is called:_____
Madelyn is calculating the current value of a bonus she's going to receive next year. the method she is using is termed Discounting.
Discounting is that the process of determining this value of a payment or a stream of payments that's to be received within the future. Given the note value of cash, a dollar is worth more today than it might be worth tomorrow. Discounting is that the primary factor employed in pricing a stream of tomorrow's cash flows. Discounting is that the process of determining the current value of a future payment or stream of payments. A dollar is usually worth more today than it might be worth tomorrow, in keeping with the concept of the duration of cash. the next discount indicates a greater the amount of risk related to an investment and its future cash flows.
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Those aspects of business that a retailer can directly affect are referred to as ________.
Those aspects of business that a retailer can directly affect are referred to as controllable variables. Generally speaking, strategy, marketing, finances, human resources, technology and equipment, and operations make up the six functional areas of business management. As a result, all business planners should focus on thoroughly investigating and comprehending these topics as they apply to the specific business.
The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. For success, learners should practice and comprehend the related ideas and abilities.
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If the natural rate of unemployment _____, the nonaccelerating inflation rate of unemployment _____, and the long-run phillips curve shifts to the right.
If the natural rate of unemployment falls, the nonaccelerating inflation rate of unemployment falls, and the long-run Phillips curve shifts to the right.
A superb supply stock or a boom in combination supply will cause the Phillips curve to shift to the left. moreover, something that can purpose the overall delivery of products and offerings to increase can shift the Phillips curve to the left. The Phillips curve states that inflation and unemployment have an inverse relationship. higher inflation is associated with decreased unemployment and vice versa.
The Phillips curve was a concept used for manual macroeconomic policy inside the 20th century however become called into question by the stagflation of the 1970s. according to the NAIRU concept, expansionary financial policies will create the best temporary decreases in unemployment as the financial system will regulate the natural fee. moreover whilst unemployment is below the natural fee inflation will accelerate.
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your group has been hired as the new managing firm of the gleason center weight and cardio room. you have been tasked with developing two goals for the facility in its first year of operation. each of the goals must also have two objectives. in a post provide the 2 goals and 2 objectives per goal. additionally, you must describe a minimum of eight tactics that you will use as part of your plan.
The two goals related to the management of Gleason's weight and cardio room can be related to achieving leadership and quality in the service of the unit. The goals could be:
In six months, replace the old weight machines with new ones and improve the entire infrastructure of the room.In 1 year, achieve leadership in the sector in the city through quality, structure and advertising.What is tactical planning?It corresponds to the creation of goals and objectives so that the actions developed at the strategic level are achieved through effectiveness at the operational level. Tactical planning comprises a period of up to 3 years and comprises the activities of organizational departments, such as marketing and production plans for example.
Some tactical marketing planning actions could be:
Creating a website and blog for the companyHire digital influencers to promote theInvest in paid trafficCreate promotional packagesCreate partnerships with related servicesPromote solidarity actionsUse celebrity endorsementsUse special dates and holidaysTherefore, structured tactical planning and aligned with strategic planning correspond to significant differentials for achieving objectives and goals.
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A segmenting dimension that influences a customer's decision to purchase a specific brand or product is also known as a(n) ___________ dimension.
A segmenting dimension that influences a customer's decision to purchase a specific brand or product is also known as a determining dimension.
What is Segmentation?To segment, a market is to break it into identifiable, actionable, profitable, and segmented pieces that have room for expansion. In other words, due to constraints on time, money, and effort, a corporation would not be able to target the entire market.
It must have a definable segment—a large group of individuals who can be located and targeted with reasonable effort, expense, and time in order to be effective. In today's crowded market, which features thousands of products, a proliferation of media, ad fatigue, and general economic issues in global markets, segmentation assumes significant importance.
Correct market segmentation can mean the difference between a company's success and failure.
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hat is the present value of the following set of cash flows, discounted at 14.7% per year? year 1 2 3 4 cf $98 −$98 $193 −$193 question content area bottom part 1 the present value of the cash flow stream is $enter your response here. (round to the nearest cent.)
The Present Value will be = $28.51
The cash flows for each year are multiplied by a 15% present value factor for years 1 through 4 before being added together to determine the net present value.
We are Given,
PV factor equals 1 / (1 + r)nWhere,
15% is the interest rate, or r.period = n = 1 to 4Actual Value
= $200 PV factor of the third year - $200 PV factor of the fourth year + $100 PV factor of the first year - $100 PV factor of the second year= $100 × 0.8696 - $100 × 0.7561 + $200 × 0.6575 - $200 × 0.5717= $86.96 - $75.61 + $131.5 - $114.34Therefore = $28.51
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what advice is given in your text about the best way to prepare a resume in order to land a job interview?
The advice that one ought to consider about the best way to prepare a resume is: If you lack internship experience, look for positions that enable you to contract for brief periods of time in order to get experience. Recall that your resume is a tool that serves to sell what values you have to deliver.
What is a resume?
A résumé, sometimes known as a CV outside North America, is a document generated and utilized by a person to display their history, abilities, and accomplishments.
Résumés can be used for a number of purposes, but they are most commonly utilized to acquire new work.
What is a job interview?A job interview is simply an arrangement or meeting between you and representatives of your prospective employer to determine your eligibility for the role that was advertised to to which you applied.
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Managers can identify strategic advantages in the marketplace using information about the cost of activities and ______.
Managers can identify strategic advantages in marketplace management using information about the cost of activities and the value chain.
An ordered life and the ability to manage all forms of management require management. Successful firms are built on strong management. In order to accomplish life's goals, managing entails doing things, and in order to accomplish the goals of an organisation, managing entails doing things with and through others. There will always be a discussion about whether management is an art or a science. However, the majority of management experts concur that having a formal academic management education in some capacity facilitates effective management. Almost all CEOs hold management degrees from universities.
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According to eeo suggested best practices, what steps can reduce the chance that a miscommunication escalates into a legally actionable eeo claim?
According to EEO suggested best practices, what steps can reduce the chance that a miscommunication escalates into a legally actionable EEOclaim is Develop communication and dispute resolution capabilities.
What is Equal Employment Opportunity Commission?The U.S. Equal Employment Opportunity Commission can be described as the federal agency which was set up through the Civil Rights Act of 1964.
It should be noted that this act help to administer as well as enforce civil rights laws against workplace discrimination.
In conclusion, According to EEO suggested best practices, what steps can reduce the chance that a miscommunication escalates into a legally actionable EEOclaim is Develop communication and dispute resolution capabilities.
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Based on this W-2, which of the following statements is TRUE?
"Based on this W-2 statement is True".
Employers fill out Form W-2, which contains crucial data you need to finish your tax return. It lists your annual earnings as well as the sum of all taxes withheld from your paycheck on a federal, state, and other level.
What does a W-2 form serve as?Key Learnings. Your income received and taxes withheld from the previous year are shown on Form W-2 and will be reflected on your income tax returns. Employers submit FICA taxes for employees on W-2s. The IRS tracks taxpayers' tax liabilities using W-2 forms as well.
What kinds of data are on the W-2 form?The earnings you pay the employee throughout the year are listed on the W-2 form. An employee's gross pay and withheld taxes are displayed on Form W-2. Other details like deferred compensation, benefits for dependent care, donations to a health savings account, and tip revenue may also be included.
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Baldwin company incurred and recorded an expense for material costs that have not yet been paid as of year-end. on the balance sheet, they will most likely be reported as:_____.
Based on the fact that Baldwin company has not yet paid the expense for material costs, this will be reported as Accrued expenses.
What are accrued expenses?Accrued expenses are those expenses that a company has recorded for a period but by the end of the period have not be able to pay it off.
Accrued expenses will be recorded to show that a company still owes for the expenses at the end of the period. It is therefore shown as a current liability in the balance sheet.
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scientists often speak of consensus—the scientific community agrees that a particular theory is better than the competitors. what is such scientific consensus based on? group of answer choices the decision of the nobel prize committee to give the inventor of the idea a lot of money. a number of different experiments by different people that all had outcomes that were predicted accurately by the favored theory and not by the competitors. statements in the old textbooks that the scientists studied when they were in school. the insistence of a single scientist that he or she is correct. a single experiment had an outcome that was predicted accurately by the favored theory and not by the competitors.
A number of different experiments by different people all had outcomes that were predicted accurately by the favored theory and not by the competitors.
Feedback: Agreeing with a scientific theory is a contentious, long, and sometimes bitter affair. No scientist is better (nor worse!) than anyone else. I put forward my own ideas, and the experiments I've done show them to be good... and everyone else piles up and wastes my ideas. I run experiments to show that my ideas are wrong...and they can't! I accept. (Sometimes with cynicism: "...Of course, I always knew that. I didn't bother to make it public.
Scholarly consensus is the assessment, position, and opinion generally held by the majority of scholars in a particular field of study at a particular point in time.
Scientific consensus. (general consensus among informed scientists) comes from a community of scientists working together in a cumulative, self-correcting process.
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on august 30, jumpstart paid the following expenses: august rent, $700 august’s utility bill, $245 employee wages, $7,844 parking lot cleaning fee, $108
Compound Journal Entry is required for the mentioned transaction to record in the books. A journal entry with more than two accounts is referred to as a compound entry. If there are two or more debits, credits, or both, the entry is considered compound. For the same transaction, you can aggregate the debits and credits into a single entry rather than creating separate journal entries for each.
Compound: What Is It?
Compounding is the process through which earnings are continuously added to the principle invested, allowing a sum of money to expand exponentially over time. The principal that generates the following round of earnings is increased by each round of earnings. This concept is known as compound interest in savings accounts.
Simple interest, on the other hand, does not account for compounding. The original balance only receives interest payments; not the original balance plus any prior earnings.
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the school leader plans to meet with mr. roberts to review the data and letter. they plan to work together to develop an instructional improvement plan.
"Instructional Improvement" – what is it? In the literature on higher education, professional development programs for college instructors with the goal of enhancing their performance in the classroom are referred to as "instructional improvement."
What is a plan for improving education?Picture of what an improvement plan for education means
State-by-state variations in the specifications for a school improvement plan, or SIP, do not change the fact that its main objective is to record the objectives, plans of action, and methods intended to raise the standard of education for students.
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Seed money is a type of financing appropriate for a company in what stage of development?
Seed money is the riskiest shape of making an investment. It entails making an investment in a corporation in its earliest degree of development, a ways earlier than it generates sales or profits. Due to such reasons, assignment capitalists or banks typically keep away from seed financing.
Seed money additionally referred to as seed cash or seed financing—is called such due to the fact it's miles cash raised via way of means of an enterprise in its infancy or early stages. It should not be a huge quantity of cash. Because it comes from private sources, it is regularly a rather modest sum.
Seed money is the financing used to finance a brand new startup or new corporation at its preliminary release degree in change for equity. The word “seed” denotes the perception that if a plant is to be grown, the seed is needed; likewise, preliminary investment is needed if an enterprise grows.
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mcdarrel's records $500 of accrued salaries on december 31. three days later, on january 3, total salaries of $4,000 (including the $500 accrued at year end) are paid. demonstrate the required journal entry on january 3 by selecting from the choices below. (check all that apply.
Salaries expense would be debited for $3,500. Salaries payable will be debited for $500. Cash would be credited for $4,000
What are accrued salaries?
Accrued salaries are salaries owed to workers for work they have already performed, in other words, they are expenses incurred because the employees have worked, but the only outstanding is that payment to workers has not been effected.
When the $4,000 is paid, the cash balance of the company would reduce by the same amount , in effect, cash account would be credited with $4,000, the credit posted to salary payable initially would be reversed by posting a debit entry in salary payable account such that the remaining $3,500 is debited to salaries expense account, in other words,
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Full question with options:
McDarrel's records $500 of accrued salaries on December 31. Three days later, on January 3, total salaries of $4,000 (including the $500 accrued at year end) are paid. Demonstrate the required journal entry on January 3 by selecting from the choices below. (Check all that apply.) Multiple select question. Salaries payable will be credited for $500. Salaries expense would be debited for $3,500. Salaries payable will be debited for $500. Cash would be credited for $4,000. Wages expense will be debited for $4,000.
Which are voluntary deductions? Select the two correct answers
A. health insurance
B. delinquent child support
C. retirement plan contribution
D. Social Security
E. FICA
Voluntary deductions are health insurance and retirement plan contribution (option A and C).
What are voluntary deductions?Voluntary deductions are deductions from the pay check of an employee in which the employee has the latitude to make the decision of either allowing the deduction or not allowing the deduction.
On the other hand, compulsory deductions the employee has no choice on allowing the deduction. The deduction is automatically subtracted from income.
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Answer:-Retirement plan contribution
-health insurance
Explanation:
Increasing trade between two countries makes everyone in those countries better off. True or false?.
The statement "Increasing trade between two countries makes everyone in those countries better off" is true.
If one country produces a product in which it has a competitive advantage, bilateral trade may benefit both. Product output and consumer welfare in both nations Complete with fixed costs and incomplete with rising costsTrade helps to improve global efficiency. When a country opens up to commerce, capital and labor flow to firms that make greater use of them. This movement improves society's living standard. These impacts, however, are only a part of the narrative.International trade enables countries to expand their markets and gain access to commodities and services that might otherwise be unavailable locally. As a result of international trade, the marketplace has become more intense. This ultimately leads to more competitive pricing and a lower-cost product for the consumer.Thus this is the meaning of increasing trade between two countries.
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Why is management succession so important in a family firm? why is it often difficult to make decisions in a family-run business? what qualities have contributed to the success of tire rack?
Creating a lasting legacy in a family business requires succession planning, which includes deciding when family members can work there, how earnings should be dispersed, who should sit on the board, how to prepare for future leadership, as well as other issues like taxes and liability.
Families are intricate, emotional systems, and as such, the history, health, and complexity of the family relationships have a significant impact on what may appear to be simple commercial decisions. That's why it's so challenging.
Why is succession important?Making sure a business always has the correct executives in place in case a change occurs rapidly is the goal of succession planning.
Your business might not get another chance if it doesn't adjust right away after a key player quits the company or passes away if you don't make an organized strategy for succession.
The success of Tire Rack stem from the fact that the family gets along so well. They also have a great customer service.
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Nyah knows that planning and strategic management can help focus on the most critical problems, choices, and opportunities by?
Nyah knows that planning and strategic management can help focus on the most critical problems, choices, and opportunities by providing direction and momentum.
What is meant by strategic management?This is the term that is sued in the work environment to tell us of the planning and the monitoring that is done in the workplace in order to be able to get the business to meet with all of the goals that it has set for itself and to bring the desired changes to the business environment.
Hence this question is well answered when we say that Nyah knows that planning and strategic management can help focus on the most critical problems, choices, and opportunities by providing direction and momentum.
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The purchase of supplies on account is a(n) ______ transaction.
A(n) asset source transaction is the purchase of supplies on credit.
What is asset?
An asset is any resource held or controlled by a business or economic entity in financial accounting. It is any tangible or intangible asset that can be utilised to generate positive economic value. Assets represent ownership value that may be transformed into cash (although cash itself is also considered an asset). A firm's balance sheet records the monetary value of the assets owned by that firm. It protects money and other assets owned by an individual or a business.
There are two types of assets: tangible assets and intangible assets. Tangible assets are divided into several subclasses, including current assets and fixed assets.
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