a schedule of cost of goods manufactured includes all of the following costs except:______.
a. direct labor used
b. work in process inventory
c. finished goods inventory
d. actual factory overhead
e. factory overhead applied
f. direct materials used

Answers

Answer 1

All of the following costs—aside from actual plant overhead—are included in a schedule of the cost of items manufactured. As a result, preference (D) is the best way to respond.

What is the cost of goods sold?

A company's cost of goods sold (COGS) is the total direct cost of manufacturing the products it sells. This total also includes the price of the materials and labor used directly to create the goods.

It excludes indirect costs like those incurred in connection with the sales team and delivery. The cost of goods sold is an essential financial statement metric since it is used to compute a company's gross profit, which is determined by subtracting COGS from earnings.

A measure of profitability known as "gross profit" evaluates how effectively a company uses its human capital and other assets during the manufacturing process.

Hence, option (D) is accurate.

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Related Questions

intangible items such as tour guide trips, insurance, financial advice, and house cleaning that some firms provide to customers are referred to as

Answers

Intangible items such as tour guide trips, insurance, financial advice, and house cleaning that some firms provide to customers are referred to as services.

What are services?Services are intangible goods that some businesses offer to clients, such as house cleaning, insurance, and trips with tour guides.An "(intangible) act or use for which a consumer, business, or government is willing to pay" is referred to as a service. Barbers, doctors, lawyers, mechanics, banks, insurance businesses, and other professionals are a few examples. Public services are those that are funded by the entire society (a nation-state, fiscal union, or region).A broad term used to describe work that supports a business but doesn't create a material good is "business services." A significant business service that supports numerous other business services, including purchasing, shipping, and finance, is an information technology (IT).

Therefore, intangible items such as tour guide trips, insurance, financial advice, and house cleaning that some firms provide to customers are referred to as services.

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A firm has a machine it can sell for $50,000. The book value of the machine is $20,000 at the moment. If the firm sells the machine today, what is the tax implication from the sale? assume that the tax rate is 40%.

Answers

The book value of the machine is $20,000 at the moment. The tax implication from the sale is 12,000.00

Tax implication from the sale = ($50000 - $20000)*40%  

Tax implication from the sale = $30,000 * 40%

Tax implication from the sale = 12,000

Now, as there is a lot of capital gain, so that means the enterprise will have to pay taxes of 12,000.

The book value of a employer is the internet distinction among that agency's overall property and overall liabilities, wherein ebook price displays the full fee of a business enterprise's property that shareholders of that enterprise could get hold of if the agency were to be liquidated.

Book value is the price of an asset consistent with its balance sheet account balance. For property, the value is based at the unique value of the asset less any depreciation, amortization or impairment expenses made towards the asset.

The book value offers you a honest concept of what the organisation is really worth, in economic phrases. It indicates the quantity that you stand to get, in case of a organisation's liquidation. If the ebook fee of a employer is higher than its marketplace cost, it manner that its stock rate is undervalued. that is a fundamental guideline of fee investing.

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a conflict of interest between providing impartial research about companies issuing securities and selling those same securities arises in

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a conflict of interest between providing impartial research about companies issuing securities and selling those same securities arises in investment banking.

What is conflict of interest in financial institutions?A "conflict of interest" exists when an investment bank takes any measures that are in their own interests but not the interests of their clients.In other words, there may be a conflict of interest if the client's and the investment bank's goals are at odds.Investment banks are best known for serving as a corporation's point of contact with the financial markets.In other words, they aid businesses in issuing stock in an IPO or another public offering.By locating significant investors for corporate bonds, they also set up debt funding for businesses.

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emily is the information security director for a large company that handles sensitive personal information. she is hiring an auditor to conduct an assessment demonstrating that her firm is satisfying requirements regarding customer private data. what type of assessment should she request?

Answers

SOC 3 is the type of assessment should she request.

Who is auditor?

An auditor is a person who has the right to check and verify the correctness of data in financial statements and to ensure that companies comply with tax laws. They protect companies against fraud, point out discrepancies in accounting methods and sometimes act as consultants, helping organizations find ways to improve operations. Accountants work in different positions in different industries.

Types of auditors

Internal auditors External auditors State auditors Forensic auditors

Internal auditors have less strict qualifications. Internal auditors are encouraged to obtain CPA accreditation, although this is not always required. Instead, a bachelor's degree in subjects such as finance and other.

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allie and desmond manage a shipbuilding assembly yard that employs thousands of workers. during a prolonged strike, allie convinces desmond to hire people to replace the striking employees in an effort to show the labor union that the company will not bow to their demands. the new employees are called

Answers

During a prolonged strike, Allie persuades Desmond to hire replacement workers to show the labor union that the company will not cave to their demands. Turnover refers to new personnel.

What's the distinction between turnover and attrition?

Turnover occurs in a company's workforce when employees depart and are replaced by new employees. There is no attrition in such cases. Employee turnover is typically measured over a one-year period. A company's talent is lost for a variety of reasons.

Employees may retire, relocate, find a better job, or change careers, as with voluntary attrition. Companies might study turnover in order to make necessary changes.

For example, a large number of people departing in a short period of time indicates that there are problems within the organization that must be addressed. Similarly to voluntary attrition, management can use turnover data to start changes that will make the organization more welcoming to new and existing employees.

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A function that indicates the maximum output per unit of time that a firm can produce, for every combination of inputs with a given technology, is called.

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The production function reveals the largest amount of output that can be generated from a set of inputs.

Explain about the production function?

High-quality products, a quicker rate of production, and a lower cost per unit are the outcomes of a well-designed production function.

The cooperation of the four production factors—land, labour, capital, and organization—leads to production. This is clear from the fact that none of these four production elements are necessary to manufacture a single commodity.

The production function explains the maximum output (q) that may be produced using various combinations of these two production parameters. Capital (C) and Labor (L) (K).

The link between the quantity of productive inputs (such as labor and capital) used and the amount of output obtained is expressed by the production function equation in economics.

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2) if michael invests $2000 in the bank at a rate of 5.5% for 6 years how much interest will he make

Answers

$782.73 is the interest Michael will make.

What is interest?

Interest is referred to as the payment of a sum over and above the principal amount (the amount borrowed) at a predetermined rate by a borrower or deposit-taking financial institution to a lender or depositor in the domains of finance and economics. It differs from any fees the borrower would be required to pay the lender or another party. It also differs from a dividend, which is cash distributed to shareholders (owners) by a corporation from its profit or reserve, but not at a predefined rate or proportionally; rather, it is a part of the benefits achieved by risk-taking businessmen when revenue is made that surpasses all expenditures.

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a display of hr goals and objectives that includes indicators as well as the level of progress toward success is called a(n) .

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A display of HR goals and objectives that includes indicators as well as the level of progress toward success is called a Dashboard.

An ongoing process that optimizes individual performance and communicates and articulates tasks, priorities, performance expectations, and development plans in line with organizational strategic goals. A personnel database is a collection of data about an organization, its employees, etc., in one place. The data stored in the HR database includes employee details such as personal information, training, salary details, compensation, worksheets, schedules, etc. Empowering job designs typically prevent access to resources such as information technology. Transaction processing typically excludes the documentation of decisions and actions related to employee transfers and training costs. Performance planning is a systematic and structured approach to successfully achieving desired individual or team goals throughout the evaluation year. Plans are developed for teams or individuals with the organization's broader goals in mind.

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Uber’s lack of knowledge of the local business environment has caused it to suspend service in several important cities. To avoid the challenges related to a lack of knowledge of the local market and local regulations, uber should have.

Answers

Uber's international expansion becomes based in a locale-by-way-of-locale method, which clearly is the simplest approach viable. One cannot get anywhere on an identical time, regardless of one's price range.

Each locale needs specific studies and a rethinking of the emblem and of the product.

Uber launches in greater than 40 new places international. New countries include Italy, Germany, China, India and Russia. There are launches in Johannesburg, Pretoria and Cape city, marking its first African presence.

The idea for Uber became born on a snowy night in Paris in 2008, and ever because then our DNA of reimagination and reinvention incorporates on. We've grown right into an international platform powering flexible income and the motion of people and things in ever-increasing approaches.

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ginger wants to initiate a suit against valley farms by filing a complaint. the complaint should include

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A description of the facts claiming the foundation for relief should be included in the complaint.

What is a complaint?A complaint is any formal legal document that outlines the facts and legal arguments that the person or parties submitting the complaint feel are sufficient to support a claim against the party or parties they are bringing the claim against, entitling the plaintiff to relief.The claims against the defendant, the specific laws broken, the circumstances giving rise to the dispute, and any requests for redress made by the plaintiff are all contained in this written document.Specific criminal proceedings may also be started in some jurisdictions by submitting a complaint, which is also occasionally referred to as a criminal complaint or felony complaint.

Therefore, a description of the facts claiming the foundation for relief should be included in the complaint.

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If a working environment becomes toxic the productivity of all workers will decline. What will happen to the average cost of production as a result?.

Answers

Average cost increases to the average cost of production as a result.

Fee, in not unusual utilization, is the monetary value of products and offerings that producers and purchasers purchase. In a simple monetary feel, value is the measure of the opportunity possibilities foregone in the desire of one properly or pastime over others.

Value is the cost of money that an agency needed to spend to supply its goods or services. Its miles are calculated as the quantity that an employer spends so that it will produce a certain unit of a product. In easy words – it's miles the cash that an agency spends on things together with exertions, services, raw substances, and greater.

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which of the following is a true statement? a) congress allows self-employed taxpayers to deduct the employer portion of their self- employment tax. b) to deduct expenses associated with any profit-motivated activity, taxpayers must maintain a high level of involvement or effort in the activity throughout the year. c) business activities never require a relatively high level of involvement or effort from the taxpayer. d) all business expenses are deducted for agi. e) all of these choices are correct.

Answers

The correct response is option (a), which states that Congress permits taxpayers who are self-employed to deduct the employer portion of their self-employment tax.

What is the self-employment tax employer portion?

Yes, the employer's share of the self-employment tax (7.65%) is regarded as a deductible expense by the IRS. Self-employment tax is only applied to 92.35% of your net earnings (gross earnings less any deductions).

Self-employed taxpayers are who?

Self-employment tax is recorded on IRS Form 1040 Schedule SE and is used to pay for Social Security and Medicare. Sole owners, independent contractors, and freelancers who operate a business or craft are all regarded as self-employed workers.

Is the self-employment tax deduction for the employer portion allowed?

When calculating your adjusted gross income, you can deduct the employer-equivalent share of your self-employment tax. Your income tax is the only thing this deduction affects. Your self-employment tax and net profits from self-employment are unaffected.

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julen wants to encourage the boss to consider a new process for evaluating employee performance. what type of report will julen most likely prepare?

Answers

Policies or procedures for the company should be changed, according to justification reports.For instance, they provide evidence to support a course of action that improves performance or solves a problem.

They frequently propose solutions that lead to financial gains or savings.

What is the justification report's purpose?

The Justification reports provide evidence to support a solution to a problem or performance enhancement.They offer solutions that prevent transactional ambiguity and result in financial gains or savings.

What examples of justification do you have?

Breaking into someone's house during a fire to save a child inside is an example of this.If the same thing is done under the false pretense that there was a fire, even though there wasn't one, it can be excused as long as the false pretense was reasonable.

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john invested $100 in each of the funds a and b. after one year, the value of the money in fund a was $10 higher than the value of the money in fund b. after another year, the value of the money in fund a was $25 higher than the value of the money in fund b. if the value of the money in each fund increased by a fixed interest compounded annually, what was the annual interest of fund a?

Answers

The annual activity rate, occasionally referred to as the trendy annual pastime charge or base rate, is the share price you normally see first when comparing financial products.

It's the simple interest that you'll pay on your loan or earn on your financial savings account besides taking compounding or prices into consideration

How do you calculate activity on a fund?

Here's the easy pastime formula: Interest = P x R x T. P = Principal quantity (the establishing balance). R = Interest charge (usually per year, expressed as a decimal). T = Number of time intervals (generally one-year time periods).

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shantel owned and lived in a home for five years before marrying daron. shantel and daron lived in the home for two years before selling it at a $700,000 gain. shantel was the sole owner of the residence until it was sold. what is the maximum amount of gain that shantel and daron may exclude?.

Answers

The maximum amount of gain that Shantel and Daron exclude is $500,000 because Shantel meets the ownership test and both Shantel and Daron meet the use test requirement, the couple may exclude $500,000 of gain.

When an asset's market value surpasses its original purchase price, a gain is recorded in financial accounting. When the asset is sold for cash, the gain is realized because it was previously unrealized. Considering that only realized profits are taxed, this distinction is significant for taxation.

Gains are the outcome of situations, things that happen, or things you do that have an impact on the company but are unrelated to income or owner investments. A holding gain, an exchange, an event, or a nonreciprocal transaction are often the causes of them.

The given question is incomplete, the complete question is:

Shantel owned and lived in a home for five years before marrying Daron. Shantel and Daron lived in the home for two years before selling it at a $700,000 gain. Shantel was the sole owner of the residence until it was sold. How much of the gain may Shantel and Daron exclude?

a.) $0

b.) $250,000

c.) $500,000

d.) $700,000

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when the market for money is drawn with the value of money on the vertical axis and the quantity of money on the horizontal axis , long-run equilibrium is obtained when the quantity demanded and quantity supplied of money are equal due to adjustments in

Answers

The market for money is depicted with the value of money on the vertical axis and the quantity of money on the horizontal axis; long-run equilibrium is achieved when the quantity demanded and quantity supplied of money are equal as the value of money rises.

What is market?

The term “market” refers to the exchange of commodities and services. A market mainly involves the buyer and seller. There are many types of markets, such as perfect competition, monopoly markets, monopolistic competition, and oligopoly markets.

According to the money market are the based on the value of money on the vertical axis and the quantity of money on the horizontal axis, are the equilibrium is value of the money are the rises.

As a result, the money is equal as the value of money rises.

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If the economy is in long run equilibrium with 6% inflation and 3% economic growth, and the federal reserve permanently decreases the rate of money supply growth, the long run result will be….

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If the economy is in long-run equilibrium with 6% inflation and 3% economic growth, and the federal reserve permanently decreases the rate of money supply growth, the long-run result will be A) the Solow Growth Curve shifts to the right.

A frame is said to be in equilibrium if it does now not reveal an exchange in its rest or uniform movement, even below the effect of external forces. Forms of equilibrium: strong equilibrium. Unstable equilibrium.

The three characteristics of equilibrium are: The ahead rate and the reverse charge need to be identical. The value of the equilibrium regular does now not exchange at a given temperature but adjusts as the price of temperature adjustments. There's no effect on equilibrium by using a catalyst.

Equilibrium is achieved when the forward charge of a response is identical to the opposite fee of a response. This very simple precept may be discovered in a closed container of liquid. In the box the liquid has vapor stress this is prompted by using the pressure above the liquid.

Disclaimer: The question is incomplete. Please read below to find the missing content.

Question: If the economy is in long-run equilibrium with 6% inflation and 3% economic growth, and the Federal Reserve permanently decreases the rate of money supply growth, the long-run result will be...

A) the Solow Growth Curve shifts to the right.

B) An inflation rate of less than 6%, and an economic growth rate of 3%.

C) An inflation rate greater than 6% and economic growth of 3%.

D) An inflation rate greater than 6% and economic growth greater than 3%.

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which of the following is a current trend in production and operations management? group of answer choices enterprise resource planning lean manufacturing flexible manufacturing systems business process management (bpm) the critical path method (cpm)

Answers

The following is a current trend in production and operations management business process management (BPM).

Which of the following production and operations management quizlet trends is now in vogue?

Instead of a continuous production process, service organizations typically employ repetitive or intermittent production methods.

Is the part of production control that entails defining and managing the amount of time needed for each stage of the manufacturing process?

Scheduling entails defining and regulating the amount of time needed for each production process stage. The operations manager creates schedules outlining the most effective order for producing goods and then works to make sure that the required supplies of labor and materials are available when they are needed.

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suppose you evaluated the best-case, most likely, and worst-case duration estimates for an activity and determined that they were 3 days, 4 days, and 8 days, respectively. using pert estimation techniques, what would be the expected duration for the activity? a. 4 days b. 8 days c. 5 days d. 4.5 days

Answers

Option d's estimated runtime for the activity using pert estimation techniques is 4.5 days.

Optimistic = 3, most likely = 4, pessimistic =8

Pert Estimate = (Optimistic + (4 X Most Likely) + Pessimistic)/6

                      = (3 + (4 x 4) + 8)/6

                      = 27/6

                      = 4.5

The Program Evaluation Review Technique, or PERT, is a visual project planning tool. Determining the start and end dates, as well as interim tasks and deadlines, is made simpler by the approach for project planners. The information is displayed as a network in a chart.

The Program Evaluation Review Technique (PERT), a project management planning technique, is used to determine how long a project will actually take to finish. PERT charts are used to plan project tasks, which facilitates team member organization and coordination.

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(Figure: Demand, Revenue, and Cost Curves) Look at the figure Demand, Revenue, and
Cost Curves. The figure shows the demand, marginal revenue, marginal cost, and
average total cost curves for Figglenuts-R-Us, a monopolist in the figglenut market. If
the government wanted to regulate Figglenuts-R-Us such that it would minimize the
deadweight loss while allowing the firm to break even, it would impose a price ceiling
of ________ in the market.
$50, where the ATC meets the MC

Answers

The figure shows the demand, marginal revenue, marginal cost, and average total cost curves for Figglenuts-R-Us, a monopolist in the figglenut market. Figglenuts-R-Us will sell 70 figglenuts and set a price of $65 to maximize profits.

What Exactly Is Marginal Revenue?

The increase in revenue that results from the sale of one additional unit of output is referred to as marginal revenue. While marginal revenue can remain constant over a certain level of output, it is subject to the law of diminishing returns and will eventually slow down as the level of output increases.

A cost curve is a graph of production costs as a function of total quantity produced in economics. In a free market economy, productively efficient firms optimize their production process by minimizing costs at each possible level of production, yielding a cost curve.

Firms must ensure that any given output level is produced at the lowest possible cost in order to maximize profits, and then choose the price-output combination that results in total revenue exceeding total cost by the greatest amount possible.

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Complete question

The figure shows the demand, marginal revenue, marginal cost, and average total cost curves for Figglenuts-R-Us, a monopolist in the figglenut market. Figglenuts-R-Us will sell ________ figglenuts and set a price of ________ to maximize profits.

70; $30

70; $65

100; $50

120; $40

which of the following are examples of impression management?during breaks, everyone else in the office talks about their latest adventures in the games they play together online, but amy sits in a corner and opens a book.jill usually wears t-shirts and jeans. she has an interview for a new job at a company that she knows requires business attire. she gets a new suit for the interview.david has a meeting with a sales prospect who is an avid golf player. david only plays a little but he makes sure to say during the meeting what a great day it would be to get in a round of golf

Answers

Answer:

David has a meeting with a sales prospect who is an avid golf player. David only plays a little bit but he makes sure to say during the meeting what a great day it would be to get in a round of golf.

Explanation:

David is appearing more like

a mortgage with low initial payments that increase over time without ever leveling off is a group of answer choices graduated payment mortgage. growing-equity mortgage. second mortgage. shared-appreciation mortgage.

Answers

A mortgage with low initial payments that increase over time without ever leveling off is a graduated payment mortgage.

A fixed-rate mortgage with graduated payments (GPM) has payments that rise gradually from a lower initial base level to a higher ultimate level. Up until the entire monthly payment sum is attained, the payments typically increase from their initial base payment amount by 7% to 12% annually.

A mortgage with progressive payments is intended to have the homeowner make only the minimum payments at first. Then, the payment sum rises gradually. The buyer is eligible if they have a low initial interest rate. Many people who might not otherwise be qualified for a home mortgage are now because they can afford the low beginning payments, thanks to the lower rate.

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jasper makes a $45,000, 90-day, 6.5% cash loan to clayborn company. the amount of interest that jasper will collect on the loan is:

Answers

the amount of interest that jasper will collect on the loan is: $12,200

journal entry :

cash (debit) = 45731.25

notes receivable (credit) = 4500

interest revenue (credit) = 731.25

working note :

interest revenue = 4500 * 6.5% * 90/360

                            =731.25

Amount of Bad debt expense adjusting entry = $11,055

Ending allowance for Doubtful accounts = $11,055

Less :Beginning allowance for doubtful accounts = $12,200

Bad debt expense = $11,055

Note:

Ending allowance for Doubtful accounts = $ 152500 * 8%

                                                                   =$12,200

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cyber security systems had sales of 3,200 units at $60 per unit last year. the marketing manager projects a 15 percent increase in unit volume sales this year with a 40 percent price increase. returned merchandise will represent 5 percent of total sales. what is your net dollar sales projection for this year?

Answers

The net dollar sales projection for this year=$522,405

Determine the initial price and initial quantity of sales as shown;

initial price=$60

The initial quantity of sales=3,200 units

Determine the projected price and projected quantity of sales as shown;

projected price=initial price+percentage increase

where;

initial price=$60

percentage increase=(40/100)×$60=$19

replacing;

projected price=$60+19=$114

projected quantity of sales initial quantity+percentage increase

where;

initial quantity=3,200

percentage increase=(15/100)×3,200=$975

replacing;

projected quantity of sales=3,200+975=4,875 units

Determine the total sales in terms of dollars;

total sales=(114×4,875)=$555,750

Determine net sales as follows;

net sales=total sales-returned merchandise

where;

total sales=$555,750

returned merchandise=(5/100)×555,750=$33,345

net sales=(555,750-33,345)=$522,405

The net dollar sales projection for this year=$522,405

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list two substantive analytical procedures that can test accounts payable. what potential errors or fraud can be identified by each analytical procedure?

Answers

Compare current year statistics and industry data to payable turnover and days overdue in accounts payable.Compare the accruals and payables balances for the current year to those from previous years.

Name two in-depth testing analytical techniques for accounts payable. Can each analytical method detect any probable fraud or errors?

Procedures for substantive analysis

Evaluate days overdue in accounts payable and payable turnover against data from prior years and the industry.Contrast the balances in accruals and accounts payable from the current year with those from previous years.

Fraud or possible error:

Overstating or understating liabilities and expensesWhy are analytical processes a good auditing tool? What are they?

At the conclusion of the audit, analytical processes are carried out as a comprehensive assessment of the financial statements to determine whether they are compatible with the auditor's understanding of the organization. Additional substantive assurance is not obtained by final analytical techniques.

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employees are likely to see an adaptive change as

Answers

Employees are likely to see an adaptive change as :E. totally unacceptable.

What is adaptive change?

Adaptive change can be defined as those changes that enables  people  to adapt to new challenges as they arise.  

Example of adaptive change is when an employer tend to make it mandatory for employee to fill a loan form when requesting for loan.

Adapting to change  enables you to face every challenges as they arise and when this challenges arise you  have to implement solution that will enables you to solve those challenges.

 

Adaptive change at workplace is the ability of worker to adapt to new change that was implemented at workplace. Although some employees tend to see adaptive change as unacceptable based on the fact the changes made may not suit them.

Therefore we can conclude that  the correct option is E.

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The complete question is:

Employees are likely to see an adaptive change as

A. highly threatening.

B. moderately threatening.

C. somewhat threatening.

D. least threatening.

E. totally unacceptable.

Which one of the following is not part of the eight (8) wastes identified through lean manufacturing? extra-processing non-utilized talent insufficient capacity overproduction

Answers

Insufficient capacity is not a part of eight (8) wastes identified through lean manufacturing.

Non-utilized talent . The eight wastes is the only lean manufacturing waste that is not manufacturing process specific. this type of manufacturing waste occurs when management in a manufacturing environment fails to ensure that all their potential employee talent is being utilized.

defects , excess processing , overproduction , waiting , inventory , transportation , motion , non-utilized talent.

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a trademark registered with the u.s. patent and trademark office protects the trademark from use by others for a renewable period of

Answers

The United States Department of Commerce funds the United States Patent and Trademark Office (USPTO) through fees. The USPTO's duties include registering trademarks and granting patents to protect inventions.

Trademarks have no specified expiration date, unlike patents and copyrights. As long as the owner uses a trademark, it will continue to exist. The owner of a registered trademark must continue to use it in regular commerce after the United States Patent and Trademark Office (USPTO) grants registration.

The ten-year term of a trademark registration can be renewed every ten years. If the rival does not renew the trademark, the protection is no longer in effect.

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libre, incorporated has experienced bad debt losses of 5% of credit sales in prior periods. at the end of the year, the balance of accounts receivable is $107,000 and the allowance for doubtful accounts has an unadjusted credit balance of $850. net credit sales during the year were $164,000. using the percentage of credit sales method, what is the estimated bad debt expense for the year?

Answers

using the percentage of credit sales technique, the annual bad debt expense is projected to be $8,200.

What percentage of credit sales is being used?

In contrast to payments made right away in cash, short-term credit agreements are recorded as accounts receivable on a company's balance sheet. Divide accounts receivables by sales to get the percentage of credit sales.

How is the credit sales method used to calculate bad debt expenses?

For instance, a company reported net credit sales of $50,000 for a certain accounting quarter. According to their estimation based on the percentage of sales, 5% of their credit sales would be difficult to recoup. In this instance, the company projects that it would have to pay a bad debt expense of $2,500 ($50,000 x 5%).

The anticipated annual bad debt expense using the percentage of credit sales is:

Bad Debt Expense = Net credit sales × Percentage of credit sales uncollectible

Given,

Net credit sales = $1,64,000

Percentage of credit sales = 5%

Using the formula with the values, we can obtain

Bad Debt Expense = Net credit sales × Percentage of credit sales uncollectible

Bad Debt Expense = $164,000 × 5%

Bad Debt Expense = $8,200

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which of the following is not true of good management and leadership? multiple choice question. technical leadership takes precedence over business objectives in project management. leading involves establishing direction, aligning people, motivating, and inspiring team members. on a project, particularly a larger project, a project manager is generally expected to be the project's leader as well. managing is primarily concerned with consistently producing key results expected by stakeholders.

Answers

Option A. The option that is not true of good management and leadership is  technical leadership takes precedence over business objectives in project management.

What is meant by good management and leadership?

While managing is more about overseeing and making sure the daily operations are carried out as they should be, leadership is about inspiring others to understand and share your vision as well as to collaborate with you to reach your goals.

The qualities of a good manager include being receptive to new ideas, adapting to sudden change, setting high standards for staff performance, and maintaining effective and frequent communication. Leaders must also be able to exhibit these abilities.

A great leader must be able to articulate a vision and guide others toward realizing it. Great managers who possess this leadership quality may seek out new chances, build on past successes, excite staff by sharing their vision, and inspire others to take action.

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