The damaged merchandise that can be sold only at prices below cost should be valued at Net realizable value.
In accounting, the Net realizable value is basically the cash that a company expects to receive based on the eventual sale of an item after deducting any associated costs.
In the case, the damage merchandise can be sold, but it will be at lower price compared to the normal price.
Therefore, the valuation method of Net realizable value is what the damaged merchandise should be valued at.
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The Albertsons are purchasing a home for $400,000. They are financing 70 percent of the home's value. In addition to the down payment, they have the following closing costs:
Lender's inspection fee $400 Loan origination fee 1.5% of the loan amount Notary public fee $60
Document recording fees $75
Title search $300
What is the total amount of the closing costs? .
help plz
Answer:
$5,035
Explanation:
First, you have $400 as the first cost in the closing costs.
You Then find 1.5% of the loan amount, which is 70% of $400,000 ($280,000), so 1.5% of $280,000 is $4,200. So you add $4,200 to the $400
Next, you add the notary fee of $60.
Then you add the recording fees of $75.
Lastly, you add the title search of $300.
Now add everything up, $400 + $4,200 + $60 + $75 + $300 = $5,035
Final answer = $5,035
Each time Eddie's Cars sells a vehicle, the company receives a larger discount from the manufacturer. At the end of the fiscal year, the company often slashes its prices by several hundred dollars per car because that amount will be more than offset by the increased discount the company receives from the manufacturer. The manufacturer is giving Eddie's Cars ______. Multiple choice question. a seasonal discount zone pricing a cumulative quantity discount a slotting allowance
Answer:
a cumulative quantity discount
Explanation:
The cumulative quantity discount is the discount that is depend on the value of the good purchased over a time period. The discount would be applied for any kind of shipments that made within the timeframe.
Just like if wholesaler make an offer that if the purchase is done more than $5,000 so 5% discount is applied
So according to the given situation, it represent the cumulative quantity discount
If each piece of a 10 piece puzzle had a word that represented you on it, what 10 words would we see?
Answer: brave,strong, funny, short, smart, unique, beautiful, amusing, pretty
Explanation:
Under the allowance method of accounting for uncollectible accounts, Group of answer choices the cash realizable value of accounts receivable is greater before an account is written off than after it is written off. Bad Debt Expense is debited when a specific account is written off as uncollectible. is debited when a specific account is written off as uncollectible. the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off. Allowance for Doubtful Accounts is closed each year to Income Summary.
Answer:
how are the answer choices seperated
Sally and Dan, employees at FLT Inc., have applied for a management position at the company. Sally has better qualifications and is more experienced than Dan. However, Dan is selected for the position instead of Sally due to the selection committee's biased attitude toward women. This scenario illustrates the concept of _____. Group of answer choices reverse discrimination sexual harassment racial segregation the glass ceiling the white primary
Answer: the glass ceiling
Explanation:
The Glass Ceiling is a metaphor that is meant to describe the hardships that women face in trying to get into managerial positions due to bias against them born from a belief that they will be unable to handle the pressure.
The term describes how this bias creates a barrier that is not tangible so is invisible but is a barrier nonetheless much like a glass ceiling which one can see through but cannot go through.
When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answer:
this is true hope this helps
Explanation:
QUESTION 1 of 10: Identity theft is important to be aware of because:
O a) Once your identity is stolen, it can't be used again by another thief
Ob) Once your identity is stolen, it is impossible to ever have good credit again
Oc) Once your identity is stolen, it will not affect your life once you are on your own
O d) Once your identity is stolen, it can be fraudulently sold, and others can continue to use your good credit to obtain credit cards and loans
the three branches of government are the legislative branch, and the ____ branch
a. judicial
b.regulatory
c. supreme court
d. presidential
Answer:
Judicial
Explanation:
There is no presidential branch as that is the executive branch. The supreme court IS the judicial branch but the supreme court is not a branch in of itself. There is no regulatory branch that I know of.
how to work out opening balance?
Answer:
...
Explanation:
Answer:
Opening Balance (what you have in bank at the start) plus Total Income (what money comes in) minus Total Expenses (what money goes out) equals Closing Balance (what money you have left). The Opening Balance is the amount of cash at the beginning of the month (1st day of month).
Over its history, suppose that France has borrowed more from the rest of the world than it has lent to the rest of the world. This means that France a. is a net-creditor nation. b. has realized continuous deficits in its current account. c. has a very large unilateral transfers balance. d. has realized continuous surpluses in its goods and services account.
Out of the choices provided above, it can be concluded to state that France has realized continuous deficits in its current account. Therefore, the option B holds true.
What is the significance of France?France can be referred to or considered as a nation, which is among the most developed nations in the world. It is situated in the European Continent, and is also a part of the European Union with significant contributions to the GDP of the continent.
Apart from its GDP contributions, there are some concerns lying over the French economy, which states that there have been constant deficits in the current accounts of the French government, thereby stating that France is a net-debtor nation.
Therefore, the option B holds true and states regarding the significance of France.
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Sales in 2015 1400000 at December 31,2015, before adjusting entire account receivable 250000debit allowance for doubt full account 2400 credit 2% net sales will prove uncollectible, prepare the December 31,2015, journal entry to record bad debt expense.
Answer:
Dr Bad Debt Expense $28,000
Cr Allowance for Doubtful Accounts $28,000
Explanation:
Preparation of the December 31,2015, journal entry to record bad debt expense.
Based on the information given the December 31,2015, journal entry to record bad debt expense will be :
Dr Bad Debt Expense $28,000
Cr Allowance for Doubtful Accounts $28,000
($1,400,000 *2%)
(To record bad debt expense)
2. Which of the following is an example of an operative employee? A. Regional manager B. Head coach C. Chairman of the board D. Assembly line worker C
An example of an operative employee is an assembly line worker.
The following information should be relevant:
Operating employees are those employees who generate the products & services directly for an organization.Also, it does not supervise the work of others. So, the option a, b, and c are incorrect.Therefore we can conclude that an example of an operative employee is an assembly line worker.
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**ECONOMY**
Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:
A. regressive taxation
B. progressive taxation
C. proportional taxation
D. indirect taxation
Answer:a
Explanation:
All of the following are reasons for countries to participate in foreign trade EXCEPT
A. it is just as easy to start a business overseas as it is in the United States.
B. no nation can produce all of the products its people want and need.
C. even if a country was self-sufficient, other nations would seek to trade with that country in order to meet the needs of its own people.
D. some nations have resources, but not technological know-how; while others have know-how, but lack resources.
Answer:
A. it is just as easy to start a business overseas as it is in the United States.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that are used by consumers across the world.
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
All of the following are reasons for countries to participate in foreign trade;
I. No country or nation is able to produce all of the goods its people want and need i.e meeting the unending requirements of its citizens through production of goods and services.
II. Even if a country such as developed countries across the world was self-sufficient, other developing or underdeveloped nations would seek to trade with that country so as to meet the demands (needs) of its own people.
III. The interdependency of technology and resources for different countries. Some nations have resources, but not technological know-how; while others have know-how, but lack resources.
A healthcare organization in Canada outsources its insurance work to a service provider in South Asia. The employees in South Asia used to receive less than half the salary that the employees in Canada received. But in recent years, there has been a rapid increase in employees salaries in South Asia. Slowly, the healthcare organization is reducing the level of outsourcing and is employing people in Canada. Which of the issues associated with offshore outsourcing describes the above scenario
Answer:
Diminishing cost advantages
Explanation:
Diminishing cost advantage is a decline in the coat benefits that offshore outsourcing offers.
Offshore outsourcing occurs when a company outsources part of its operations to a foreign company.
The main benefit of such a move is a reduction in cost.
However when the benefits decline it is referred to as diminishing cost advantage.
In the given scenario employees in South Asia used to receive less than half the salary that the employees in Canada received. But in recent years, there has been a rapid increase in employees salaries in South Asia.
This will result in more cost for the company through its outsourcing activity
Which are affected by the factors of production? Choose three answers.
the demand of the item
the availability of the item
the cost of the item
the quality of the item
the popularity of the item
Answer:
A.)- the demand of the item
C.)- the cost of the item (some factors are more expensive and rare than other)
D.)- the quality of the item
Explanation:
Answer:
A. the demand of the item
C. the cost of the item
D. the quality of the item
Explanation:
How would your life be affected by having to buy products manufactured by a monopoly?
Answer:
no industry competition
Explanation:, a monopoly's price is the market price and demand is market demand. Even at high prices, customers will not be able to substitute the good or service with a more affordable alternative. As the sole supplier, a monopoly can also refuse to serve customers.
what is the square root of 11200
Answer:
The square root of 11200 is 105.83005244258.
Explanation:
What is the legal maximum speed limit permitted when driving in a residential area of the community?
a. 15 mph
b. 25 mph
c. 35 mph
d. 45 mph
What is the legal maximum speed permitted for driving on the expressway-in Michigan?
a. 45 mph
b. 55 mph
c. 60 mph
d. 70 mph
Answer:
B B :)
Explanation:
Businesses that provide steady employment may qualify for a reduction in unemployment taxes based on:
O experience rating system
O ability to make payments
O number of accidents
A free trade zone is an area where Group of answer choices black market trade is carried out under government supervision the normal trade laws of a country such as tariffs, bureaucratic requirements, and quotas are eliminated in hopes of stimulating foreign trade and industry ideas are exchanged in an academic setting to increase the academic activity of the country large open markets are set up in poor countries for the exchange of international currencies people bring agricultural products for trade and barter
Answer:
the normal trade laws of a country such as tariffs, bureaucratic requirements, and quotas are eliminated in hopes of stimulating foreign trade and industry
Explanation:
A free trade zone area is an area where goods are imported or exported without being subjected to the normal trade laws such as tariffs, bureaucratic requirements, and quotas are eliminated in hopes of stimulating foreign trade and industry.
the aim of a free trade zone is to increase and stimulate foreign trade
Advantages of a free trade zone area
1. it increases efficiency
2. it encourages competition. As a result of not restricting import, domestic product have to compete with foreign goods
3. it allows countries to specialise in the production of goods for which they have a comparative advantage
Do you think I would be a successful you-tuber?
Answer:
yes !! im also into becoming one as well ! it takes a while but its worth it, keep your hopes up but make sure you have another option just incase it might not work out right.
Explanation: goodluck <3
What would happen if a state or municipality suddenly lost its tax base? Explain if this would have any impact on it's cost of borrowing funds. Why?
Answer:
Following are the responses to the given question:
Explanation:
The tax base seems to be the amount that is added to both the income tax, that is which tax rate is the percentage of national economy collected as just a tax. Consequently, it is important to find an income tax that understands the tax base.
Whether this amount of tax would pay is not declared or decided if the state or city suddenly loses its local economy.
Impact mostly on the cost of credit
Its cost of debt before tax rebate funds = interest amount on the debt – any reduction in income tax which rose because of deductible profits. The costs of lending are real games calculated in anticipation of tax, however, the difference is DEDUCTIBLE in INTEREST EXPENSES.
This tax rate also increases the cost of lending and gives more income protection.
It's because when taxes become available, the company can save money on tax returns as it ultimately removes some profits.
Conclusion:
However it is lost about the tax base, however, the judgment could not be made afterward the amount to borrow as debt could be evaluated of that "TAX REVENUE OFFSET."
Choose the term that best matches the description given.
The act that has its own definition and remedial steps for mistakenly created e-commerce contracts:
Pls help me. I will give best answer
Answer:
I have no idea is that history
Jacob was assigned recently to a large team working on a major software release that was taking longer than expected. Jacob and the other latecomers into the project spent a month partnered with a senior programmer who went over the project in detail with them and got them up to speed. Unfortunately, this training put the project even farther behind schedule. After a few months of working on the project with many other programmers, Jacob's work output becomes noticeably lower than it was before when he was working independently. Jacob's reduced work output is most likely due to
Answer:
A) social loafing.
Explanation:
social loafing is the event of a person exerting lower effort to accomplish the goal at the time when they work in a group rather working alone. It would be the important reasons for less productivity as compared with the combined performance that works as an individuals
So according to the given situation, Jacob reduce work output due to social loafing
Social loafing is the psychological phenomenon in which team members do less work in a group context.
How do you handle social loafing?One of the most effective ways to decrease the possibility of social loafing is to form smaller groups or teams. Make it easy to see and support team members' work.
Smaller groups also allow people to create relationships and form a coherent entity, all of which motivate people to contribute.
Thus Option A is the reason for Jacob’s reduced work output.
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Explain why a positive attitude, high -esteem, and enthusiasm contribute to career success
Answer:
A positive attitude, high-esteem, and enthusiasm contribute to career success because they make the worker approach their activities, projects and ideas with a positive mindset, trusting in their abilities and anticipating a positive result, facing and overcoming their fears and always looking to the good side of things.
On the other hand, if the person were pessimistic or had a bad attitude, they would face their projects with doubts and fears, putting them aside in the face of the first adversities.
During the current fiscal year, Jeremiah Corp. signed a long-term noncancellable purchase commitment with its primary supplier. Jeremiah agreed to purchase $2.5 million of raw materials during the next fiscal year under this contract. At the end of the current fiscal year, the raw material to be purchased under this contract had a market value of $2.3 million. What is the journal entry at the end of the current fiscal year
Answer:
Debit Unrealized Holding Gain or Loss$200,000
Crediit Estimated liability on Purchase Commitments $200,000
Explanation:
Preparation of the journal entry at the end of the current fiscal year
Based on the information given the journal entry at the end of the current fiscal year will be :
Debit Unrealized Holding Gain or Loss $200,000
Crediit Estimated liability on Purchase Commitments $200,000
($2.5 million-$2.3 million)
SKATEBOARDERS. WHAT ARE SOME DISADVANTAGES AND ADVANTAGES OF YOUR SKATEBOARD?
What would you change if you could. Just wondering
Answer:
uh how i fall off sometimes disadvandage and it going right for me advandage
Explanation:
In a private company's accounting system, inputs are __________ and outputs are _________. Multiple Choice marketing strategy-type information; sales data results of surveys on consumer satisfaction; accounts payables transactions such as sales, payroll, and other expenses; financial statements transactions such as the cash flow statement; payroll taxes
Answer:
Explanation:
transactions such as sales, payroll, and other expenses; financial statements
The correct answer is Inputs are accounts payables transactions such as sales, payroll, and other expenses; outputs are financial statements transactions such as the cash flow statement.
Here is a breakdown of the answer:
Inputs: These are the data that are entered into the accounting system. In a private company's accounting system, the inputs would typically include accounts payables transactions, such as sales, payroll, and other expenses.
Outputs: These are the reports and documents that are generated from the accounting system. In a private company's accounting system, the outputs would typically include financial statements, such as the cash flow statement.
The other options are not correct because they are not typically included in a private company's accounting system.
For example, marketing strategy-type information and results of surveys on consumer satisfaction is typically not included in the accounting system. Payroll taxes are also not typically included in the accounting system, as they are usually handled by a separate department.
Thus , accounts payables transactions and financial statements transaction is the correct options.
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What is the difference between a co-payment and co-insurance?
(please write full complete sentences)
A copay is a set rate you pay for prescriptions, doctor visits, and other types of care. Coinsurance is the percentage of costs you pay after you've met your deductible.