The Adjustment entry to record the estimated bad debts include debit to Bad Debt Expense of $900 and credit to Allowance for Doubtful Accounts of $900. Thus 2nd and 5th options are correct.
What is Bad debt?Bad Debt refers to the amount of loan which cannot be recovered. It is an outstanding balance which is irrecoverable. Thus in simply words it means the amount which will not be paid by the customer.
According to the given question, The credit balance is $100 in Allowance for Doubtful Accounts.
The credit sales method a specific percentage of credit sales represent bad debts of the previous period. Thus the difference amount comes under Allowance for Doubtful Accounts.
Journal Entry for the estimated bad debts is as follows:
DR. BAD DEBT EXPENSE $900
To CR. ALLOWANCE FOR DOUBTFUL ACCOUNTS $900
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A management perspective that suggests jobs should be designed to meet higher-level needs by allowing workers to use their full potential is called a
Perspective that shows jobs have to be designed to satisfy better degree wishes to permit employees to apply their complete ability is known as Human Resources perspective.
What is the Human resource perspective?
Human Resource Management is the region of administrative awareness coping with an organization's personnel. Therefore, locating and preserving desirable personnel is essential for a agency to transport in the direction of success.
Human Resource management (HRM) has received speedy and giant popularity as a brand new time period for dealing with employment. It is greater express in each areas; its evaluation of commercial enterprise strategy, an related employment strategy, and exposition of an underlying philosophy. Human Resource Management (or more modern ones, like International Human Resource Management) manifestly does now no longer emerge through accident. There isn't any any popular settlement at the that means of Human Resource Management.
In fact, there are various and contradictory models; but they encompass not unusual place factors that distinguish them from preceding procedures to dealing with people – specifically, employees management.
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Transaction exposure reflects: a.the exposure of a firm's financial statements to exchange rate fluctuations. b.the exposure of a firm's cash flows to exchange rate fluctuations. c.the exposure of a firm's local currency value to transactions between foreign exchange traders. d.the exposure of a firm's international transactions to exchange rate fluctuations.
Most times, the transaction exposure reflects the exposure of a firm's international contractual transactions to exchange rate fluctuations
What is a transaction exposure?This refers to the level of uncertainty that a firm involved in an international trade faces because of the risk that fluctuation of currency exchange rates presents.
Hence, its reflects the exposure of a firm's international contractual transactions to exchange rate fluctuations
Therefore, the Option A is correct.
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Changes in an individual's behavior resulting from previous experiences is:
Changes in an individual's behavior resulting from previous experiences is: Learning.
What is learning?This can be described as the changes that are evident in a person as a result of instructions that they received.
Learning is only said to have taken place when there is a difference between what was and what now exists.
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from a company's viewpoint, the existence of an active, liquid, well-organised market in existing shares:
The existence of an active, liquid, well-organized market in existing shares A. facilitates the raising of further capital in the secondary market.
What is a secondary market?A secondary market is a securities market for the exchange of securities and assets among investors rather than with the issuing entities.
The types of secondary markets include:
Over-The-Counter MarketsStock ExchangesAuction marketsDealer markets.Thus, from a company's viewpoint, the existence of an active, liquid, well-organized market in existing shares A. facilitates the raising of further capital in the secondary market.
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Did you receive less than 21 weeks of an unemployment insurance benefit payment for weeks between march 15, 2020, and june 26, 2021?.
It is a true statement that people receive an unemployment insurance benefit payment for more than 21 weeks.
What is an unemployment insurance benefit payment?This is a benefit that provide a temporary financial assistance to the unemployed workers who meet the requirements of State law.
In most states, the workers are eligible for up to 26 weeks of benefits from the regular state-funded unemployment compensation program.
Therefore, It is a true statement that people receive an unemployment insurance benefit payment for more than 21 weeks.
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Suppose your main competitor has just introduced a new technology by which customers are really delighted about that technology. the customers are increasing substantially after introducing that new technology in the market. as a top-level manager, what should you do at this moment for your organization?
As a top-level manager of the organization, the duty of the manager is to come up with a business strategy that can be effectively applied to the situation so that it works in favor of the organization.
How a company can conquer technological challenges?Sustaining in the market by lowing the prices of the products.Introducing discounts and combo offers to attract customers.Creating better customer-business relationships so that a business rapport can be built.Working with the team, brainstorming some ideas which can bring positive results for the organization with the existing products available in the market.Thus, these are some of the ways a manager can adapt to survive through a technological threat.
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The individuals or households that want goods and services for personal consumption or use, and have the resources to buy them are part of the:
The individuals or households that want goods and services for personal consumption or use, and have the resources to buy them are part of the consumers
Who are the consumers?Consumers are known as the end users of any produced goods and services. They are crucial in the logistics chain in order to keep production running.
They are the set of individuals that want goods and services for their daily use and consumption purposes.
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at the household level, higher saving rates lead to ______ and greater economic security.
At the household level, higher saving rates lead to greater wealth and greater economic security. This is further explained below.
What is savings?Generally, Saving is simply defined as the share of income not spent on current expenses. In other words, it is the money held away for future use and not spent immediately.
In conclusion, Increased wealth and financial stability are the results of increased personal savings.
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1. Under which type of law would a dispute concerning copyrights be addressed?
common law
contract law
civil law
statutory law
2. A neighbor hires his son’s friend to mow his grass once a week. His son’s friend is 14 years old. This implied contract would be deemed invalid because it did not meet which component of a valid contract?
capacity
mutual agreement
consideration
legal purpose
3. A police officer pulls you over on the Interstate and gives you a ticket because you broke the law by failing to signal a lane change. What type of law did you break?
common law
statutory law
code law
civil law
1. (D) Statutory law
Statutory laws are written laws that have been approved by a legislature (either a state or federal legislature).Statutes may require specific action, prohibit them act as declarations of intention or lay out the ways in which government will act in certain circumstancesSo, this proves that if any dispute related to copyright be addressed in Statutory law with all rules and regulations.
2. (A) Capacity
Valid contract is a written or expressed agreement between two parties to provide a product or service.An age of a person is defined i.e. 18 years to come in valid contract but if a contract made with a minor is considered as a void contract.3. (A) Statutory law
Statutory laws are written laws that have been approved by a legislature (either a state or federal legislature).Statutes may require specific action, prohibit them act as declarations of intention or lay out the ways in which government will act in certain circumstances.learn more about this here-
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How does a mutual fund differ from an index
fund?
---
a. Mutual funds group the stocks in their
funds together while index funds do
not.
b. Mutual funds are passively managed
while index funds are actively managed.
c. Mutual funds typically have lower fees
than index funds.
d. Mutual funds are actively managed by a
professional while index funds are not.
Answer:
i will for D because that is the right answer
Which of the following is the least profitable investment for a candy shop that earns $1 revenue per pound of candy? (5 points) Group of answer choices Worker at $10 per hour, producing eight pounds of candy per hour Worker at $12 per hour, producing 16 pounds of candy per hour Machine with $5 per hour operating cost, producing 10 pounds of candy per hour Machine with $8 per hour operating cost, producing 14 pounds of candy per hour
Answer:
d
Explanation:
it was on the test really simple
Answer:
Worker at 10 dollars per hour, producing 8 pounds of candy
Explanation:
Got it right on the test
In an effort to duplicate the stressors involved with working at a large company, researchers go to great effort to ensure that the stressor they use and the laboratory setting they create is similar in all respects (e.g., noise, temperature, room setup) to that of a major multinational corporation. The researchers are attempting to increase:
The actions of the researchers in trying to recreate large company stressors is known as trying to increase mundane realism.
What is mundane realism?This is a term in research that compares the experiment's setting to the real-world setting for similarity.
When scientists try to recreate real-world settings as much as they can, t would therefore increase mundane realism.
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Jessica always thought the grace-period feature of her credit card was a wonderful idea because her charges were interest-free during the grace period. After taking Dr. Art Keown's personal finance course, she learned this startling truth about grace periods. Question 16 options: Grace periods are actually beneficial to the credit card company. There are higher fees associated with grace periods. Most banks eliminate their grace period on new purchases if you don't pay your balance in full. All credit cards carry a grace period.
The truth that Jessica is going to have to learn about Grace period is the fact that Most banks eliminate their grace period on new purchases if you don't pay your balance in full.
What is a credit card grace period?The grace period in the card is that time that exists between the end of the billing cycle and when the payment is due to be made by the customer.
If the customer pays in full before the date they may not be asked to pay any form of interest.
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Brad is a cardiovascular surgeon in a group practice at Emory University. Within his practice, Brad is the surgeon who puts in stent grafts. Other group members are transplant surgeons and surgeons. This example shows that, unlike goods, services are _______. a. more heterogeneous and less standardized and uniform b. stored, warehoused, and inventoried c. tangible performances d. produced in a centralized location and consumed in decentralized locations
Based on the role that Brad plays and the roles played by the other group members who are transplant surgeons, services are a. more heterogeneous and less standardized and uniform.
How do services differ from goods?Services are not as standardized as goods because they often need to be tailored to the needs of the customer.
Brad puts in stent grafts depending on the injury, and the other transplant surgeons have to customize their services as well. This shows that services are heterogenous for the most part.
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Suppose you work in Management and are collaborating with Human Resources to create a regression equation to predict turnover (people quitting their jobs). You believe that job satisfaction (as measured on a 50-point scale), age of the employee (in years), and the current unemployment rate will all be useful predictors and you want to test your model. When building the Complete 2nd Order Model, you will need to do all EXCEPT which of the following:
We can actually deduce here that when building the Complete 2nd Order Model, one can do all except: C. Create an interaction between age and each of the levels of job satisfaction.
What is Complete Second Order Model?The complete second degree (order) model is actually known to be a polynomial model that includes the linear terms, second degree terms and the interaction term.
The options that complete the question are:
A. Create a curvilinear term for job satisfaction
B. Create an interaction between unemployment rate and age
C. Create an interaction between age and each of the levels of job satisfaction
D. Create a curvilinear term for age.
Thus, options C is the one that wouldn't be carried out in the Complete Second Order Model.
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true or false Marketing is a management orientation centered on customer satisfaction and an organizational function that is integrally related to the entire organization's mission, objectives, and resource
The answer to "true or false management orientation....." is True
Meng Company maintains a $375 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $95 for office supplies, $190 for merchandise inventory, and $35 for miscellaneous expenses. There is a cash shortage of $9. The journal entry to replenish the fund on January 31 is:
The journal entry to replenish the fund on January 31 is $46.
What is a replenishment?In a journal entry, this refers to refilling up a depleted cash box in a petty cash system.
The replenishment = $375- $190 - $95 - $35 - $9
The replenishment = $46
Therefore, the journal entry to replenish the fund on January 31 is $46.
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Spock Enterprises has a market value of $100 million in debt outstanding. They also have a market value of equity of $400 million. Shareholders require a 12% return on their shares and creditors require a 7% before-tax return on their investment. The weighted average return required by investors in Spock Enterprises is Blank______%.
The weighted average return required by investors in Spock Enterprises is Blank 0.11%. The answer is 0.11%. Read below about weighted average return.
How does one calculate weighted average return?One calculate a weighted average by multiplying its relative proportion or percentage by its value in sequence and adding those sums together. Consequently, supposing a portfolio has 65% stocks, 50% bonds, and 10% cash, those weights would be multiplied by their annual performance to get a weighted average return.
Therefore, (0.2x0.07) + (0.8x0.12) = 0.11 and as a result the answer is 0.11%
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Market owner Lucy buys 12 cans of baby formula off of Mark--Lucy plans to sell them in her market even though she knows (or should have known) Mark got the cans of formula by illegal means. Lucy has committed the crime of:
If Mark got the cans of formula by illegal means. Lucy has committed the crime of: d. Fraud.
What is fraud?Fraud can be the defined as the act of defrauding someone by deceiving them because of the financial gain the defrauder what to gain.
Based on the given scenario the act committed by Lucy is fraudulent act because she knew the can of formula was gotten through illegal means and she went ahead to still buy it from Mark.
Therefore Lucy has committed the crime of:d. Fraud.
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The complete question is:
Market owner Lucy buys 12 cans of baby formula off of Mark--Lucy plans to sell them in her market even though she knows (or should have known) Mark got the cans of formula by illegal means. Lucy has committed the crime of:
a. larceny
b. receiving stolen goods
c. arson
d. fraud
ABC, Inc.'s unadjusted trial balance included Accounts Receivable $80,000 debit; Allowance for Doubtful Accounts $750 credit; and credit sales $400,000 credit. ABC uses the aging of accounts receivable method and estimates that $8,000 of its receivables will be uncollectible. After the adjusting entry is made, ABC's financial statements will report ______. (Check all that apply.) Multiple select question. Bad Debt Expense of $8,000 on the income statement Allowance for Doubtful Accounts of $7,250 on the balance sheet Allowance for Doubtful Accounts of $8,000 on the income statement Allowance for Doubtful Accounts of $8,000 on the balance sheet Bad Debt Expense of $7,250 on the balance sheet Bad Debt Expense of $7,250 on the income statement
Allowance for Doubtful accounts of $8000 and Bad debt expense of $7,250.
Given :ABC, Inc.'s unadjusted trial balance included
Accounts receivable $80,000 debit;
Allowance for doubtful accounts $750 credit;
and credit sales $400,000 credit.
ABC uses the aging-of-receivables method and estimates that $8,000 of its receivables will be uncollectible. After the adjusting entry is made, ABC's financial statements will report $8000. allowance for doubtful accounts on the balance sheet & bad debt expense of $7,250 on the income statement.
Using the aging-of-receivables method to estimate bad debt implies that we must consider the existing balance in the allowance for uncollectible account, unlike the percentage of sales method.
Therefore the entry will be a Bad debt expense of 8000 less 750 which is 7250 while the entire 8000 will be deducted from receivables in the Balance sheet.
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a modified endowment contract is best described as
A modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.
What is modified endowment contract?This refers to the highest amount of premium that can be paid into a policy and still have it recognized as a life insurance contract.
Hence, a modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.
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bundling products makes sense for the seller when:
Bundling of product is a tactic to sell the products and usually the sellers use this type of marketing techniques to sell their products.
What is a Product?A product is a commodity that is produced by a seller and is then sold to the consumer, at a market price.
Bundle of products are made when there are products that have low demand and are not sold separately, these type of products are bundled with the products that have high demand and are presented as a bundle on a relatively cheaper price to attract the customer.
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On January 1, 2020, Archer, Incorporated, paid $100,000 for a 30% interest in Harley Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by Harley having a book value of $10,000 was actually worth $40,000 with a six-year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2020, Harley reported net income of $50,000 and paid dividends of $20,000 while in 2021 it reported net income of $75,000 and dividends of $30,000. Assume Archer has the ability to significantly influence the operations of Harley. The amount allocated to goodwill at January 1, 2020, is
The amount allocated to goodwill at January 1, 2020, is $16,000.
GoodwillFirst step
Book value purchased = (550,000 - 300,000) ×30%
Book value purchased= 250,000 ×30%
Book value purchased= 75,000
Excess=75,000 × 30%
Excess= 25,000
Second step
Allocated to patent= (40,000 - 10,000)×30%
Allocated to patent= 30,000×30%
Allocated to patent= 9,000
Third step
Goodwill = 25,000 - 9,000
Goodwill=$16,000
Therefore the amount allocated to goodwill at January 1, 2020, is $16,000.
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Which regulatory agency protects consumers from injury or death resulting from the use of a product?.
Answer:
The Consumer Product Safety Commission.
Explanation:
I believe this is right. Lol :')
In the semi-strong-form of market efficiency, fundamental analysis most likely requires the analyst to:
The fundamental analysis will most likely requires the analyst to extrapolate historical data to estimate future values and make investment decisions in the semi-strong-form of market efficiency.
What is the market efficiency?This refers to how the current prices reflect the present, available, relevant information about the actual value of the underlying assets.
Hence, in the semi-strong-form of market efficiency the fundamental analysis will most likely requires the analyst to extrapolate historical data to estimate future values and make investment decisions.
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You are mailing invitations to new medicare beneficiaries for a marketing event. You want an idea of how many people to expect, so you would like to request rsvps. What should you keep in mind?.
If you want an idea of how many people to expect, so you would like to request rsvps. What you should you keep in mind is: You can request for RSVPs, but you are not permitted to require contact information.
What is Medicare?Medicare can be defined as a medical coverage that help to cover medical expenses of the people under the plan.
Hence, Based on the scenario what should have he mind if you want to have a clue of the number of people to expect is that you can request for RSVP but you cannot obtain the contact details.
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Abe Wilson works as a city councilman in large city on the east coast. As part of his duties, he negotiated the purchase of some land in order to build a new water treatment plant for the city. The land was sold to the city by Jake Bryan for terms that were favorable to the city. After the sale was finalized, Bryan treated Abe and his wife to an all-expenses-paid Alaskan cruise. This type of fraud is known as:
This type of fraud by Abe Wilson is known as c. An illegal gratuity.
What is an illegal gratuity?An illegal gratuity results from the giving and acceptance of a gift in response to an action or decision by a public official.
Illegal gratuity is not the same as bribery or economic extortion, which are usually pre-agreed in exchange for performance or decision.
Like bribery and economic extortion, illegal gratuity creates a conflict of interest for the public official.
Question Completion with Answer Options:a. A conflict of interest
b. Bribery
c. An illegal gratuity
d. Economic extortion
Thus, this type of fraud by Abe Wilson is known as c. An illegal gratuity.
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Substitution and income effects of a change in price of a good may be used to explain the:
Substitution and income effects of a change in price of a good may be used to explain the: Price Effect, income effect, and substitution effect.
What is the substitution and the income effect?The substitution effect has to do with the replacement of cheaper goods with the ones that are more expensive.
The income effect is the result of consumption that a person engages in based on their income changes.
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Savion is restoring a car and has already spent $4,000 on the restoration. He expects to be able to sell the car for $5800. Savion discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. He could also sell the car now, without completing the additional work, for $3,800. What should he do?.
Based on the cost of the additional work and the amount gained from selling, Savion should sell the car now for $3,800.
What is Savion's best course of action?If Savion were to add the additional work, his profit would be:
= 5,800 - 2,400
= $3,400
This is less than the $3,800 he could make from selling the car now so his best course of action is to sell the car for $3,800 to get a larger profit.
The previous cost of $4,000 is a sunk cost so is not relevant to the calculation.
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in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next step would involve ________.
The next step in the purchase process will be to identify and determine the potential suppliers.
What is a purchase process?It should be noted that that purchasing process simply has to do with the buying of goods and services.
In this case, in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next step would be to identify and determine the potential suppliers.
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