At December 31, Hawke Company reports the following results for its calendar year.

Cash sales $80,000
Credit sales $200,000

In addition, its unadjusted trial balance includes the following items.

Accounts receivable $108,000 debit
Allowance for doubtful accounts $1,100debit

An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.

Required:
Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.

Answers

Answer 1

U.S. new home sales hit six-month high as the median price stays above $400,000: Sales of new U.S. single-family homes surged to a six-month high in September.New home sales jumped 14.0% to a seasonally adjusted annual rate of 800,000 units last month, the highest level since March, the Commerce Department said. #accelerationism


Related Questions

Activity-based costing for varying batch production
A manufacturing company has the following two activities associated with completion of products:
The setting up of machines for running batches of products
The actual production of units produced
The company has annual manufacturing overhead costs of $2,000,000, of which $200,000 is directly involved in setting up machines for batch runs. During the year, the company expects to perform 400 machine setups, one setup per batch for a total of 400 batches of production. Assume that the batch sizes vary considerably, but the work involved in setting up the machines is not appreciably different from one job to the next.
If the company estimates that the $200,000 costs associated with setups will yield 400 setups this year, the cost associated directly with each setup will be $ per setup. Because each job will require its own setup, setup costs are viewed as batch costs. Because $200,000 of the $2,000,000 are costs associated with setups, this means that costs associated directly with the production of units equal $.

Answers

Answer: I don’t know

Explanation:I don’t know

Why is competition limited in an oligopoly

Answers

Answer:

High entry costs prevent new producers from entering the market. ... Producers actively segment the market to avoid competition. High entry costs prevent new producers from entering the market.

Explanation:

Hope this helps:)

~Kisame'sAbs

poigghhgfdsfgvbbbbnhjm

Answers

Answer:

Explanation:

For time

Answer:

what are you talking about ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

Explanation:

Fixed-income recipients, savers, and creditors are hurt by unanticipated inflation because inflation ______. Multiple choice question. redistributes real income away from them and toward others reduces the burden of debt is indexed redistributes real income towards them and away from others

Answers

Unanticipated inflation usually hurt the creditors, Fixed-income recipients as well as savers simply because:: inflation redistributes real income away from them and toward others

Unanticipated inflation can be regarded as kind of inflation whereby,  people are not aware that there will be inflation, it caught them unaware until  there is general price level increases.

When this happens, alot of people will be left unprotected, especially those lenders that will be paid back with the same amount they Lent out even though there is a reduction in purchasing power.

Therefore, unanticipated inflation usually caught people unaware.

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Justin is a new manager with 27 direct reports. He has been feeling overwhelmed at work and just learned that the last three managers who held his position quit after only a few months. Which process theory appears to have been violated in this organization?


Expectancy Theory
Goal Setting Theory
Job Characteristic Theory
All of These

Answers

The process theory that seems to have been violated in this organization is the Job Characteristics Theory, which was created to analyze work outcomes, such as how work characteristics affect job satisfaction.

With the information contained in the question, it is clear that the characteristic that has affected the work of the new manager Justin is that he has felt overloaded at work.

The last three managers who held their position resigned after a few months, probably because they also felt overwhelmed, as there is information that managers deal with 27 direct reports.

Therefore, a strategy to increase job satisfaction would be to redesign the work, which:

Increases productivity.Improves communication.Reduces conflicts.Increases innovation.

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Zang Company had no office supplies on hand at the beginning of the year. During the year, the company purchased $250 worth of office supplies. At the end of the year, $50 worth of office supplies were on hand. How much should Zang Company report as office supplies expense for the year

Answers

Answer:

Hdhdi

Explanation:

The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc.) of $1.80 per sandwich. Sandwiches sell for $2.50 each in all locations. Rent and equipment costs would be $5,040 per month for location A, $5,560 per month for location B, and $5,730 per month for location C.

Required:
a. Determine the volume necessary at each location to realize a monthly profit of $10,500.
b. If expected sales at A, B, and C are 20,800 per month, 22,000 per month, and 22,800 per month, respectively, calculate the profit of each location.
c. Which location would yield the greatest profits?

Answers

Answer:

The selling price per unit (sandwich) is $2.50

The variable cost per unit (sandwich) is $1.80

Contribution margin per unit = Selling price per unit - Variable cost per unit

=$2.50 - $1.80

=$0.70

Target sales volume to achieved at location A

The fixed cost is $5,040 per month

The target profit is $10,500 per month

TargetSales=Fixedcosts+TargetprofitContributionmarginperunitTargetSales=Fixedcosts+TargetprofitContributionmarginperunit

TargetSales=5,040+10,5000.70TargetSales=5,040+10,5000.70

TargetSales=22,200unitsTargetSales=22,200units

The company needs to sell 22,200 units at location A to achieve target profit of $10,500

Target sales volume to achieved at location B

The fixed cost is $5,560 per month

The target profit is $10,500 per month

TargetSales=Fixedcosts+TargetprofitContributionmarginperunitTargetSales=Fixedcosts+TargetprofitContributionmarginperunit

TargetSales=5,560+10,5000.70TargetSales=5,560+10,5000.70

TargetSales=22,943unitsTargetSales=22,943units

The company needs to sell 22,943 units at location B to achieve target profit of $10,500

Target sales volume to achieved at location C

The fixed cost is $5,730 per month

The target profit is $10,500 per month

TargetSales=Fixedcosts+Target

Explanation:

only i can do sorry

The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Debits Credits Accounts payable $ 100,000 Accounts receivable $ 25,000 Accrued interest payable 28,000 Accumulated depreciation 45,000 Administrative and selling expenses 47,000 Allowance for uncollectible accounts 12,000 Capital assets 705,000 Cash 90,000 Charges for sales and services 550,000 Cost of sales and services 492,000 Depreciation expense 45,000 Due from General Fund 17,000 Interest expense 40,000 Interest revenue 4,000 Transfer in from General Fund 115,000 Bank note payable 625,000 Supplies inventory 18,000 Totals $ 1,479,000 $ 1,479,000 Required: a. Prepare the closing entries for December 31. b. Prepare the Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31. c. Prepare the Net Position section of the December 31 balance sheet. (Assume that the revenue bonds were issued to acquire capital assets and there are no restricted assets.)

Answers

The total net position for Village of Seaside Pines is $10000.

The closing entries for December 31st be:

Debit Charge for Sales and services $550000

Debit Transfer in from General Fund $115000

Debit Non operating revenues $4000

Credit Cost of sales and services $492000

Credit Depreciation expense $45000

Credit Administrative and selling expense $47000

Credit Non operating expense $40000

Credit Net position $45000

The Net Position section of the December 31 balance sheet will be prepared thus:

Capital asset acquired = $705000

Less: Accumulated depreciation = $45000

Less: Revenue bonds = $625000

Net investment in capital = $35000

Therefore, the total net position will be:

= $45000 - $35000

= $10000

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Convert 5/8 to Decimal

Answers

Answer:

0.625

Explanation:

Answer:

0.625

Explanation:

use calculator!

If a firm produces nothing, which of the following costs will be zero?
a. total cost
b. fixed cost
c. opportunity cost
d. variable cost

Answers

D is the answer

Mark me as brainliest pweze

The cost that will be zero if a firm produces nothing is variable cost  because it is a cost that changes with level of output.

What is variable cost?

Variable cost refers to the cost that vary with the level of output. This means that at every activity leve, the variable cost changes with it.

The above means that a constant amount per unit produced is the variable cost of manufacturing which implies that once the output is zero, the variable cost will be zero as well.

Hence, the cost that will be zero if a firm produces nothing is variable cost.

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All of the following indicate a possible pest infestation EXCEPT:
Dust underneath a storage shelf
Shredded paper towels in a corner of the dry storage area
Egg casings behind the refrigerator
Gnaw marks on a trash can

Answers

dust underneath a storage shelf

Statement that doesn't gives indication of pest infestation as regards this question is A: Dust underneath a storage shelf.

Pest infestation can be regarded as the  presence of an unusually large number of insects in place They usually cause  damage or disease and it  is a result improper management of a place in an healthy way.

Some of the activities that can cause this at home are Egg casings behind the refrigerator which can invite pest.

Another one is Gnaw marks on a trash can.

Therefore, option A is correct.

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Please answer need help asap

Answers

Answer:

Machinery

Explanation:

what role do manager's play In the cooperative​

Answers

Answer

organizing, directing, coordinating, and controlling.

Explanation:

The manager is responsible for the overall operation of the cooperative, as delegated by the board, relating to the management functions of planning, organizing, directing, coordinating, and controlling.

I really hope it helped

give the advantages of business partnership structures​

Answers

Answer:

Your welcome! Hope you have a nice wonderful day :)

Explanation:

One of the advantages of having a business partner is sharing the labor. Having a partner may not only make you more productive, but it may afford you the ease and flexibility to pursue more business opportunities. It might even eliminate the downside of opportunity costs.

Explain the role of a good business plan in setting up your business. Why is it an important step
in the success of your business?

Answers

Answer:

A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives.

Explanation:

It is important to help articulate a strategy for your business. It also provides insight on steps to be taken, resources required for achieving your business goals and a timeline of anticipated results. And help your business prosper and grow.

Which of the following is an advantage of conducting business in totalitarian nations

Answers

Answer:

INTERNAL COMPANIES

International companies are less likely to face local political opposition to their activities

Lucas is the secretary of defense for the united states. He oversees military operations throughout the world. Lucas's position is part of the _ _ _ _ _ government
national
state
local
foreign

Answers

Answer:

This guy is a liar it's not local, it's national

Explanation:

National government represents the whole world not just a state or local is like schools and parks working for this kind of things is local government national government is different.

Lucas is the secretary of defense for the United States. He oversees military operations throughout the world. Lucas's position is part of the national government. Hence, option A is correct.

What is national government?

The national government of a country is its executive branch. A nation is said to have a national government, or the central government in a unitary state, if it does not give significant power to regional divisions. A government is in charge of running the armed forces, foreign policy, the economy, and public services in addition to defining and enforcing social norms.

The national executive, or cabinet, is led by the President, who also serves as head of state. He or she is entrusted with promoting the nation's unity and interests while respecting the supremacy of the Constitution as the country's top legislation.

Thus, option A is correct.

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#SPJ2

Leeuwin Brokerage enters into a lease agreement with Bumble Motors to lease an automobile with a fair value of $77,000 under a 5-year lease on December 20, 2018. The lease commences on January 1, 2019, and Leeuwin will return the automobile to Bumble on December 31, 2023. The automobile has an estimated useful life of 7 years. Leeuwin made a lease payment of $10,900 on December 20, 2018. In addition, the lease agreement stipulates annual payments of $10,900, due on January 1 of 2019, 2020, 2021, 2022, and 2023. The implicit rate of the lease is 6% and is known by Leeuwin. There is no purchase option, no lease incentives, no residual value guarantees, and no transfer of ownership. Leewin incurs initial direct costs of $1,100

Requried:
Assuming that this is classified as an operating lease, what is the amount of the lease liability on January 1, 2019 before the lease payment?

Answers

Answer:

Explanation:

$80,273

The City of Holbrook transferred $100,000 from the General Fund to the Debt Service Fund for payment of interest. The appropriate entry in the General Fund to record this transfer would be
a. Debit Expenditures $100,000; Credit Cash $100,000.
b. Debit Other Financing Uses Transfer Out $100,000; Credit Cash $100,000.
c. Debit Fund Balance Transfer Out $100,000; Credit Cash $100,000.
d. Debit Other Financing Sources Transfer In $100,000; Credit Cash $100,000.

Answers

Answer:

A. Debit Expenditures $100,000; Credit Cash $100,000.

Explanation:

Don't really have one, but hope this helped! :D

Which part of the Business Cycle would this graph represent?

Answers

bust is the correct answer

How to calculate opening capital

Answers

Answer:

Opening Capital = closing capital + drawings - additional capital - profit + loss.

Explanation:

The opening capital is the balanced equalization exhibited around the beginning of an accounting period.

Opening Capital = closing capital + drawings - additional capital - profit + loss. Explanation: The opening capital is the balanced equalization exhibited around the beginning of an accounting period.

Buzz's Educational Software Outlet sells two or more of the video games as a single package. Managers are keenly interested in individual productprofitability figures. Information pertaining to three bundled products and the standalone prices is as​ follows:
StandAlone Selling Price Cost Package Packaged Price Reading Fun 1. Reading Fun​ & Math Fun Math Fun 2. Reading Fun​ & Analysis Analysis 3. All three
Using the standalone method with selling price as the weight for revenue​ allocation, what amount of revenue will be allocated to Reading Fun in the first package​ (Reading Fun​ & Math​ Fun)?
A. $20.89
B. $37.00
C. $28.62
D. $35.69

Answers

C looks great! But D is also there, A caught your attention too but B is there replaced

Rebecca Huang receives a regular salary of $2,600 a month and is paid 1/2 times the regular hourly rate for hours worked in excess of 40 per week.
a. Calculate Huang's overtime rate of pay.
22.5 overtime pay per hour
s
b. Calculate Huang's total gross weekly pay if she works 43 hours during the week.

Answers

The over time rate of pay is $22.5 overtime per hour. While the total gross pay at 43 hours is 667.5 dollars.

a. The regular salary = $2600 monthly

The annual salary = $2600 * 12

= 31200 dollars.

The weekly salary in a year

We have 52  weeks in a year

Weekly salary = 31200/52

= 600 dollars.

She works for 40 hours weekly.

Pay per hour = 600/40

= 15

The overtime pay per hour that Rebecca receives

[tex]15*1\frac{1}{2}[/tex]

= 15 * 1.5

= 22.5

Therefore Huang's overtime pay is 22.5 dollars.

b. If she works 43 hours during the week

15 dollars * 40 hours = 600 dollars

43-40 = 3 overtime hours

3 x 22.50 per hour = 67.5 dollars.

The total gross wages = 600 dollars + 67.5 dollars

= 667.5 dollars.

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Financial Calculations

Let's go through a series of calculations for Frank's cookie business.

First, let's determine how much Gross Profit he makes on each batch of cookies.

One batch is 24 cookies.

Frank starts by selling cookies for $1 each.

It costs Frank $10 in materials to make one batch of cookies (sugar, butter, chocolate chips, packaging, etc.)

What is the gross profit per batch of cookies?

Answers

Answer:

$14

Explanation:

24 each batch minus 10 is total profit

Which financing is also known as “risk capital”?
A.
mezzanine loans
B.
subordinate debts
C.
equity capital
D.
senior debts
E.
bonds

Answers

the answer is C: equity capital

In a market economy, prices are the signals that guide the allocation of scarce resources.

Answers

Answer:

True

Explanation:

What was California’s GDP in 2010 in millions?

$5,840.7

$5,810.2

$5,814.4

$5,339.8

$4,050.9

Answers

Answer:5,814.4

Explanation:

Mooradian Corporation’s free cash flow during the just-ended year (t = 0) was $160 million, and its FCF is expected to grow at a constant rate of 5.0% in the future. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 12.5%, what is the firm’s total corporate value, in millions?

Answers

The firm’s total corporate value, in millions is: $22,400,000.

Using this formula

Firm Total Corporate Value =Free cash flow (1+ Growth) / Average cost of capital  - Growth

Where:

Free cash flow=$160 million

(1+ Growth) =(1+5.0%)

Average cost of capita=12.5%

Growth=5%

Let plug in the formula

Firm Total Corporate Value= $160,000.000 ( 1+0.05)/12.5%-5%

Firm Total Corporate Value=$160,000,000(1.05)/7.5%

Firm Total Corporate Value=$168,000,000/7.5%

Firm Total Corporate Value=$22,400,000

Inconclusion the firm’s total corporate value, in millions is: $22,400,000.

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state the law of demand and explain its assumptions​

Answers

Answer:

The law of demand states that quantity purchased varies inversely with price.

Explanation:

The law of demand states that quantity purchased varies inversely with price.

Answer:

Law of demand explains consumer choice behavior when the price changes.

The law of demand is a fundamental principle of economics that states that at a higher price consumers will demand a lower quantity of a good.

It means while studying the relationship between the price of a commodity and demand for it, the effect of other determinants of demand on it is assumed to be constant

Explanation:

Assumptions:

-The income of the consumer or the buyer does not change

- Price of the goods remain constant

-Tastes, preferences and the fashion of the buyers does not change.

Managerial accounting is different from financial accounting in that:

a. Managerial accounting is more focused on the organization as a whole, while financial accounting is more focused on projects, processes, and divisions of the organization.
b. Managerial accounting never includes nonmonetary information.
c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.
d. Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.
e. Managerial accounting is structured and controlled by GAAP.

Answers

Managerial Accounting is different from Financial Accounting in that c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

The differences between Managerial Accounting and Financial Accounting do not arise because of Managerial accounting:

Focuses on the organization while financial accounting focuses on projects, etc.Never includes non-monetary information; it includes non-monetary information than financial accountingUsed by investors, while financial accounting is used by creditorsStructured and controlled by GAAP.

Thus, the difference between the two is that Financial accounting is structured and controlled by GAAP and used by investors and creditors.  Managerial accounting is not structured by GAAP and is used by management in decision-making.

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