Answer: $16,725
Explanation:
Given the following :
Cash balance per books for March = $12,000
Notes receivable collected by banks = $6000
Bank service charge - $75
Non-sufficient fund (NSF) check - $1200
Therefore, Adjusted cash balance for March:
(balance per books + notes receivable - bank service charge - NSF check)
$(12,000 + 6,000 - 75 - 1200)
$(18000 - 1275)
= $16,725
Percent of sales method; write-off
At year-end (December 31), Chan Company estimates its bad debts as 0.5% of its annual credit sales of $975,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $580 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries of Chan to record these transactions and events of December 31, February 1, and June 5.
Answer:
Entries are given below
Explanation:
On 31 Dec Chan company estimates its bad debts as 0.5% of all credit sales
DEBIT CREDIT
Bad Debt(975,000x0.5%) $4875
Allowance for bad debt $4875
On February 1, Chan decides that the $580 account of P. Park is uncollectible
DEBIT CREDIT
Allowance for bad debt $580
Receivables $580
On June 5, Park unexpectedly pays the amount previously written off.
DEBIT CREDIT
Receivables (reinstated) $580
Allowance for bad debt (reinstated) $580
Cash (amount received) $580
Receivables $580
Unlike venture capital firms and most other institutional investors, angels typically invest in businesses in their earliest phases, providing the seed capital needed to get the business going.
a) true
b) false
Answer:
true
Explanation:
Angel investors are investors that provide one time funding to startups usually at the inception of the startup. the angel investor usually receives ownership stakes in exchange for their capital
Suppose that a company based in Dallas, Texas, initially confronts only four other rival firms. Its own market share is percent, which ties it with the other largest producer and seller in the industry. The market share of each of the other three firms is percent. Then a sixth firm, located in Cleveland, Ohio, enters the same industry. The new firm captures percent market share, and the market share of one of the smallest three original incumbents declines to percent as well. After the Cleveland firm's entry into the industry, what are the values of the four-firm concentration ratio and of the Herfindahl-Hirschman index?
Answer:
1. 86.7%
2. 2244.4
Explanation:
The computation is shown below:
1. The new 4 firm concentration ratio after entry is
= Total mix share of 4 largest firms
= 30% + 30% + 13.33% + 13.33%
= 86.7%
2. Now HHI index is
= sum of squared shares
= 30^2 + 30^2 + 13.33^2 + 13.33^2 + 6.67^2 + 6.67^2
= 2244.4
Hence, we applied the above values so that each part could be determined
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard deviation of 16%. B has an expected rate of return of 8% and a standard deviation of 12%. What is the weight of Security A in the global minimum variance portfolio? Format your answer as a percent to 2 decimal places. (e.g. XX.XX% do not show % sign)
Answer:
0.43
Explanation:
The computation of the weight of Security A for the minimum variance portfolio is shown below:
Weight of security A is
= (Standard deviation of Security B) ÷ (Sum of the standard deviation of securities)
= (12%) ÷ (16% + 12%)
= (12%) ÷ (28%)
= 0.43
We simply applied the above formula so that the weight of Security A
Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. However, the company is also employing a segmentation strategy to separate customers within that focus. The strategy offers items at an entry-level price point as well as couture items for the richest customers. Which market segmentation strategy is Burberry pursuing
Answer:
Burberry is pursuing an umbrella branding strategy
Explanation:
Based on the scenario being described it seems that Burberry is pursuing an umbrella branding strategy. This type of strategy focuses on having a single brand name for the sale of two or more related products with different specs. Which Burberry is doing by having separate category of items made specifically for different target populations, such as entry-level price point items and couture items, even though they are all under the Burberry brand.
Valerie promises Teresa that she will pay Teresa $50 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans the house by noon on Saturday and Valerie pays the $50, then this is an implied, bilateral, executory contract.
a) true
b) false
Answer:
b) false
Explanation:
This could be considered a bilateral and executory contract because both parties agreed to perform and exchange consideration in the future (in this case, Saturday). But it cannot be considered an implied contract.
E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.
But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.
Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.
Which statement is consistent with the law of supply? An increase in market price will lead to a decrease in quantity supplied. At a zero price, quantity supplied will be infinite. A reduction in market price will lead to an increase in quantity supplied. An increase in market price will lead to an increase in quantity supplied. b. Which of the following characteristics leads to an upward-sloping supply curve? Instructions: Click the box with a check mark for correct or click a second time to clear the box for incorrect. Increasing opportunity costs unanswered Increasing marginal costs unanswered Diminishing marginal utility unanswered A decrease in resource prices unanswered An increase in resource prices unanswered Increasing labor productivity unanswered c. How do you derive a market supply curve from individual supply curves? Add up prices paid for each unit supplied by producers Use the largest quantity supplied among all producers for each price Calculate the average quantity supplied among all producers Add up quantities supplied by all individual producers for each price
Answer:
1. A reduction in market price will lead to an increase in quantity supplied
2. Diminishing marginal utility
3. Add up quantities supplied by all individual producers for each price
Explanation:
Answer:
same i need help with this
Explanation:
Kevin is not fond of travelling; hence, he did not take up an assignment as the job involved excessive travelling. On the other hand, Sam took up
the same assignment simply because he loves travelling. What is such a contrasting behavior called?
The contrasting behavior that influenced Kevin and Sam's job selection is known as
Answer:
Internal employee motivations or employee personality traits.
Explanation:
Remember, based on the context of this example, we notice here that, the two employees had different personalities, and thus affected their job selection.
Personality of an employee serves as internal motivation for certain job duties and may affect the quality of their work. Thus, recruitment staff should always strife to place the right person for the right job.
Which situations are examples of how credit scores determine nonfinancial opportunities for consumers? Check all that apply.
Answer:
B. An employer hiring someone to handle financial information
C. An apartment owner gauging whether a tenant might break the rules
D. An apartment owner determining whether to rent a unit to someone
Explanation:
Credit scores are numbers ranging from 300 to 850 that are used to gauge the creditworthiness of individuals. Creditors check the credit history of borrowers to determine how well they have performed over time in prompt payment of debts and maintenance of good financial history. The higher the credit score, the better chances an individual has of being considered for financial favors. In the above scenario,
1. The employer who wants to hire someone to handle financial information would likely want to check if he has a good financial history himself. It would be an indication of his integrity capacity.
2. An apartment owner would use the credit score to gauge the potential tenant's history of keeping to agreements.
3. A potential tenant with a bad and low credit score would likely not keep up with rent payments and would eventually be a bad tenant. So, the apartment owner might then chose not to rent his apartment to such a person.
The option A, D and F are the examples that determine nonfinancial opportunities for consumers.
An employer hiring someone to handle financial information, an apartment owner determine whether to rent a unit to someone, a car insurance company predicting the likelihood of future claims are the examples of how credit scores determine nonfinancial opportunities for consumers.
Credit score is a numerical rating of your credit-worthiness. Individual's payment history and amount of debt has the largest impact on its credit score so we can conclude that option A, D and F are the examples that determine nonfinancial opportunities for consumers.
Learn more about credit score here: https://brainly.com/question/23024185
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List of options:
A. an employer determining whether a job candidate is smart
B. an employer hiring someone to handle financial information
C. an apartment owner gauging whether a tenant might break the rules
D. an apartment owner determining whether to rent a unit to someone
E. a car insurance company setting rates based on where someone lives
F. a car insurance company predicting the likelihood of future claims
If 10,000 units which were 50% completed are in process at November 1, 90,000 units were completed during November, and 20,000 were 20% completed at November 30, the number of equivalent units of production for November was 90,000. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
a. true
b. false
Answer:
False
Total equivalent units 89,000 units
Explanation:
Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:
Equivalent units = Degree of work done(%) × units of inventory
Item unit Equivalent unit
Opening inventory 10,000 50% × 10,000 5000
Fully worked unit 80,000 100%× 80,000 80,000
Closing inventory 20,000 20% × 20,000 4,000
Total equivalent units 89,000
Notes:
1. Fully work represent units started and completed in the same period. They exclude the opening inventory.
Fully worked = 90000- 10,000 =80,000.
2. Note also at that the degree of completion for opening inventory is the simply the balance of work remaining to be done.
For example, for materials, 50% of work has been done on the opening inventory in the last period, hence the balance of 50% would be done this period
A Corporation will pay a dividend of $1.75 per share at this year's end and a dividend of $2.25 per share at the end of next year. It is expected that the price of its stock will be $42 per share after two years. If the firm has an equity cost of capital of 9%, what is the maximum price that a prudent investor would be willing to pay for a share of the stock today
Answer:
$38.85
Explanation:
The computation of the maximum price would be willing to pay is shown below:
Current price = Future dividend × Present value of discount factor (rate of interest , time period)
= $1.75 ÷ 1.09 + $2.25 ÷ (1.09^2) + $42 ÷ (1.09^2)
= $1.61 + $1.89 + $35.35
= $38.85
Simply applied the above formula so that the maximum price could come
one reason a company might prefer FDI over exporting. presence or threat of trade barriers costs of acquiring a foreign enterprise costs of establishing production facilities in a foreign country risk of giving away valuable technological know-how to a potential foreign competitor possibility of diminishing returns
Answer:
Presence or threat of trade barriers
Explanation:
If a company sees that a specific country has a presence or threat of trade barriers, the company will prefer to invest directly in foreign companies, instead of exporting.
This is because trade barriers, like tariffs or import quotas, will likely reduce the potential revenue that the company would get from exporting. It could reduce revenue so much as to make the company lose money.
Paul attends the London Book Fair every year to represent his company and show its products to publishers from other countries. He also meets with individual publishers to discuss distributing their books in the U.S. The London Book Fair is Group of answer choices
Answer:dhehe
Explanation:
Rhonda, a junior accountant at a manufacturing company, was laid off from her job because she rejected multiple requests from the company's chief financial officer to engage in a physical relationship with him. In the context of employment legislation, this scenario best illustrates _____.
Answer: quid pro quo sexual harassment
Explanation:
The scenario represented in the question regarding Rhonda and her company's chief financial officer is referred to as quid pro quo sexual harassment.
Quid pro quo sexual harassment is a situation that occurs when benefits, pay, employment, position, training, title, position are based on the condition that the other individual involved agree to ones sexual advances. It should be noted that this is illegal.
Velma contracts with Gordon, who agrees to build a stone retaining wall and French drain on her property. The wall and drain are necessary to prevent erosion of her land, which is falling into the creek on her property at a rapid rate. If Gordon breaches the contract by failing to get to work, Velma is under a legal obligation to
Answer:
Mitigate her damages.
Explanation:
In this scenario, Velma contracts with Gordon, who agrees to build a stone retaining wall and French drain on her property. The wall and drain are necessary to prevent erosion of her land, which is falling into the creek on her property at a rapid rate. If Gordon breaches the contract by failing to get to work, Velma is under a legal obligation to mitigate her damages.
Velma has the legal rights and responsibilities to make sure she does anything humanly possible to reduce or lessen the damages to her property.
She could sue Gordon for not getting to work or failing to start work thereby causing more damage.
The process in which the title company oversees the closing or document signing of the loan in close conjunction with the entity performing the escrow function on the loan is known as what...?
Answer:
Title closing
Explanation:
Title closing process involves all the steps to make sure that you complete all the legal requirements to buy a home and this includes signing the loan documents and the title before the transaction is completed. In this, there is an agent from the title closing company that handles the process to make sure everything goes smoothly. According to this, the answer is that the process in which the title company oversees the closing or document signing of the loan in close conjunction with the entity performing the escrow function on the loan is known as title closing because this is a process that includes all the steps to complete the legal requirements to buy a real state like document signing of the loan.
Which subjects does the Aspire test assess?
Answer:
five subject areas: English, mathematics, reading, science, and writing
You and your spouse are in good health and have reasonably secure careers. Each of you makes about $40,000 annually. You own a home with a mortgage of $80,000, and you owe $15,000 on car loans, $5,000 in personal debts, and $4,000 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Assume funeral expenses of $10,000. Estimate your total insurance needs using the DINK method.
Answer:
$62,000
Explanation:
the DINK method or double income, no kids method, makes two basic assumptions when considering insurance needs:
both spouses work and earn the same salariesif one spouse dies, the remaining one will keep workingIn order to determine total insurance needs you add funeral expenses ($10,000) + half of mortgage ($40,000) + half of auto loan ($7,500) + half of credit card debts ($2,000) + half of personal debts ($2,500) = $62,000
________, which indicates free enterprise in the hands of the self-employed, was a contributory factor to the economic growth of newly industrialized countries (NICs). Multiple Choice Entrepreneurship Expropriation Privatization Socialization Nationalization
Answer: entrepreneurship
Explanation:
Entrepreneurship is the act of running a business despite the risk involved with the aim of making profit. The role of entrepreneurship in every economy cannot be understated.
It is a contributory factor to the economic growth of newly industrialized countries as it provides job opportunities, brings about economic growth and increase in welfare to the people.
"Whenever Andrew considers upgrading his personal computer system, he consults with Jeremy, a knowledgeable friend who always has the newest technology. For Andrew, Jeremy is a(n) __________ in the diffusion of innovation curve."
Answer: innovator
Explanation:
From the question, we are informed that whenever Andrew considers upgrading his personal computer system, he normally consults with Jeremy, a knowledgeable friend who always has the newest technology.
Regarding the question, Jeremy is an innovator. An innovator is someone who has embraced new ideas and is always trying out new gadgets and technology.
Refer to Scenario 19.2. BASF has decided to offer discounts to its businesses customers in the form of the following: For each order of $100,000 or more during the next 90 days, the buyer will receive a rebate of 5 percent. This type of pricing would be an example of ____ discounts. Group of answer choices
Answer:
cumulative discounts
Explanation:
Options:
A) allowance B )cash C) seasonal D) noncumulative E) cumulativeA cumulative discount refers to a company offering a discount in the sales price of an item or items if the total purchase is higher than a certain threshold. It is similar to offering discounts for buying in bulk (which refers to quantity), only that this type of discount is offered to customers that purchase over a certain amount of money.
The purpose of the _____ stage of the new product development process of a company is to estimate costs and forecast sales for each idea to get a sense of the potential profit and of how the product might fit within the company's resources.
Answer:
reproducing cycle
Explanation:
i did it
Energy Drink, Inc. has decided to launch a new energy drink that will have the fewest calories among its competitors. To understand the market potential for the new drink and the demographics and attitudes of consumers who are likely to buy the product, Energy Drink, Inc should most likely use which of the following marketing research options?
a. archival research.
b. causal research.
c. descriptive research.
d. exploratory research.
Answer:
d. exploratory research.
Explanation:
Exploratory work is undertaken to reach out the details that have not been examined in depth in the history about the issue. It is widely used in marketing to assess the product's market value to determine the age, disposition as well as other characteristics of the likely customers.
Therefore the correct option is d as it represents the exploratory research.
Gill’s Bakery has been buying flour from the same supplier for years. But due to recent price hikes, Gill’s decides to switch to another supplier that is offering the same quantity and quality of flour at a reduced price. Which of the following best describes the buying situation that has occurred?
Select one:
a. New buy
b. Reverse auction
c. Modified rebuy
d. Straight rebuy
Answer:
C
Explanation:
A Modified Rebuy is when a person who usually buys a product from a particular supplier changes his supplier or other elements of his purchase when reordering.
When a business firm implements several programs to encourage prompt and courteous customer service, employee participation, and better coordination with suppliers, it is making an effort to use:__________.
A) quality concern focus.
B) total quality management.
C) quality improved planning.
D) quality development.
E) quality commitment.
Answer:
B) total quality management.
Explanation:
Total quality management is a method of management that focuses on every member of staff being committed to maintaining a high of work in every aspect of the business operations.
There is continuous improvement in the ability of the employees to provide quality service and performance.
In the given scenario - When a business firm implements several programs to encourage prompt and courteous customer service, employee participation, and better coordination with suppliers.
This is an effort to institute total quality management
What is the difference between crowd sourcing and crowd funding?
a) crowd sourcing carries fewer risks
b) crowd funding had money back guarantees
c) crowd sourcing was replaced by crowd funding
d) crowd funding has a financial aspect
Answer:
a) crowd sourcing carries fewer risks
Explanation:
Crowd sourcing: The term "crowd sourcing" is described as a phenomenon that encompasses the procedure of sourcing skills or information or some end products from a particular group or groups of different people.
Crowdfunding: The term "crowdfunding" is described as a phenomenon that encompasses the procedure of sourcing funds or money from a specific group of groups of different people.
In the question above, the correct answer is option a.
Answer:
crowd funding has a financial aspect
what are the importance of a scale ?
Answer:
The importance of scale is given below.
Explanation:
Scale becomes making it more effective also because of the severity of the challenges faced throughout environments including certain reducing inequality, the community, gender inequality as well as infrastructure need on-scale approaches. They are therefore merge-border in natural surroundings and therefore not based exclusively towards one venue.Voters are making a choice to spend money on three projects: a dam, a school, or a road. In the choice between the dam and the school, the majority favors the school. In a choice between a dam and a road, the majority favors a dam. In a choice between a road and a school, the majority favors a road. These rankings indicate that majority voting may:
a. Result in economically efficient outcomes because of rent-seeking behavior
b. Reflect irrational preferences
c. Produce inconsistent choices
d. Lead to consistent choices in spite of irrational community preferences
Answer:
c. Produce inconsistent choices
Explanation:
We can try to understand this in a mathematical way. If A is higher than B, and B is higher than C, then A should be higher than C. In other words, the school should have higher preference than the dam, and the dam has higher preference than the road, then the school should have higher preference than the road.
Since this is not the result here, we must conclude that the choices are inconsistent.
EcoAthlete determines that the target market for its running shoes is people who are environmentally conscious. It uses only environmentally friendly materials in the production of its shoes, and packaging is made of exclusively recycled material. Which dimension of market segmentation does EcoAthlete use in determining this target market
Answer:
C) Lifestyle and Behavior
Explanation:
The reason is that Eco-Athlete is using its customer behavior and lifestyles to target a particular market segment which has common thinking and opinion about a particular item. In this case, Eco-Athlete is using Eco-friendly items because its customer are environmentally conscious which is their behavior that effects their lifestyle. So the company Eco-Athlete is basically using lifestyle and behavior dimension of market segmentation.
Arbot Co. manufactures appliances at three manufacturing facilities in the United States. Each location has a plant manager who oversees the manufacturing process for that location. Segmented income statements are prepared for each plant and for each product manufactured in the plant. The salary of each plant manager is a ______ for the individual product lines made in the plant.
The correct answer to this open question is the following.
Arbot Co. manufactures appliances at three manufacturing facilities in the United States. Each location has a plant manager who oversees the manufacturing process for that location. Segmented income statements are prepared for each plant and each product manufactured in the plant. The salary of each plant manager is a traceable fixed cost to the plant and a common fixed cost for the individual product lines made in the plant.
The traceable fixed cost for a corporation means that this cost has a relationship between cost and effect related to a particular area or region of the country, or related to a process just operated in a specific location. This traceable fixed cost is part of the equation because there is a peculiar business that includes it. Or there is a necessity to be covered.