How can a company limit bad debts?
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How can a company limit bad debts?
• Answer •Filter your customers. Not all customers are good for your business.Require up-front payments.Set reasonable credit limits.Provide clear payment terms and penalties.lmprove your accounting.Implement strict collection procedures.Use cloud-based software for debt collection.Answer:
The best way of controlling bad debts is not to provide credits to everyone. As more amount of credit will be given to the people, the risk of bad debts will increase. The funds left should be used for the development of the company.
Explanation:
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Future costs and benefits that do not differ between alternatives are ______ costs to the decision-making process.
Any form of future costs and benefits that do not differ between alternatives are seen as irrelevant to the decision-making process.
What is a decision making process?This is a process undergone to in making rational choices on a decision thorugh gathered information, and alternative resolutions.
The future costs and benefits that do not differ between alternatives are considered irrelavant to decision making because decision need to be made between choices, whereas, this cost or benefit does not offer that.
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Market failure describes a situation in which the market itself ______________________ in a way that balances social costs and benefits. Group of answer choices fails to allocate resources efficiently remains outside the transaction avoids externalities incurs the costs outside the production process
When there is market failure, it means that the market itself fails to allocate resources efficiently between social costs and benefits.
What causes market failure?Market failure happens when the market does not balance its social costs and benefits efficiently.
For instance, the costs might outweigh the benefits which leads to losses and so a market failure would occur.
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The activity that causes the service department's cost should be the basis for assigning ______ costs to operating departments.
The activity that causes the service department's cost should be the basis for assigning actual costs to operating departments.
What is cost allocation?Cost allocation refers to assigning of a cost to several cost objects such as products or departments.
It also the of process of identifying cost objects and assigning costs for financial reporting.
Hence, the activity that causes the service department's cost should be the basis for assigning actual costs to operating departments.
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Three Economic Concepts: Summary of your group discussion:
Economic Question(s) your Group Has About the Economic Sanctions against Russia:
summary of ur group discussion:
Answer:
orange: scarcity, supply and demand, costs and benefits yellow: how do sanctions affect Russia's economy?, why are there sanctions in Russia?, who's or what's the cause of the sanction? blue: Russia could have issues with veto and passing laws. They had too much stuff to watch out for and needed more resources. Wanted to be smart with their decisions. (I tried my best sorry if I messed up somewhere forgive me :-;)
Explanation:
According to your book, path-goal leadership most directly incorporates ______ theory to motivate others. Group of answer choices
In the book, it is shown that the path-goal leadership most directly incorporates the expectancy theory in other to motivate others.
What is the path goal leadership theory?The theory explains that a leader's behavior is dependent on the satisfaction, motivation or performance of their employees.
Hence, this leadership style most directly incorporates the expectancy theory in other to motivate others because the success of the team depends on the behavior and perfomance of others.
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A land grant university has upgraded its Course Management System (CMS), integrating the system throughout all of its main campus and branch campuses around the state. It has purchased a set of 15 servers and peripherals for needs associated with the CMS. The total cost basis is $120,000 and expected use will be 5 years, after which it will have no projected value. Calculate the depreciation deduction and book value for each year
The depreciation deduction and the book value each year using the straight line method is
Year Depreciation deduction Book value
1 $24,000 $96,000
2 $24,000 $72,000
3 $24,000 $48,000
4 $24,000 $24,000
5 $24,000 0
What is the depreciation expense?Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
120000 / 5 = $24,000
Depreciation expense each year would be $24,000
Book value = cost of the asset - accumulated depreciation
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day trading, and how is it different from the more traditional approach to investing?
7. How much profit (if any) wóżld Clay Sorensen make if he short-sold 300 shares of a stock at $100 a
share and the price of the stock suddenly tumbled to $70?
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Day Trading requires that position are opened and closed in one day after the purchase of securities, while traditional approach is investing in an asset that is known
Day TradingWe have higligted above about the disimilarities between Day trading and and Traditional investment.
Short-position
Number of Shares = 300
Price Entry = $100
Price Exit = $70
Profit = (Cost Price - Selling price)/Number of Shares
Profit = (300*100 - 300*70)/30
Profit = 30000-21000/30
Profit = 9000/30
Profit = $30
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Beverly, a real estate licensee, doesn’t represent either party to a specific real estate transaction. She merely helps the parties handle the paperwork. What role is Beverly taking in this transaction?
Beverly, a real estate licensee is taking up the role of a transactional broker by not representing either party to a specific real estate transaction.
Who is a transactional broker?A transaction broker is the one that provide third-party real estate services various buyers and sellers in exchange for a comission.
Here, transactional broker is a neutral person to parties in a real estate transaction.
Hence, Beverly, a real estate licensee is taking up the role of a transactional broker by not representing either party to a specific real estate transaction.
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What are three takeaways you learned from playing Money Magic that will help you when you create your own budgets in the future? Be specific.
Playing money magic will help one create their own budgets because:
It shows how to balance expenses. It shows how to account for revenue. Teaches how to save while still maintaining good spirits. What does Money Magic teach you?It teaches the player how to balance expenses when the players have to pay for gas and the cost of shows. Players also learn how to account for, and manage revenue as they raise the money required for the trip.
Budgeting also has to be done in such a way that the person does not become unhappy in the budgeting process which is what players learn from having to manage Enzo's moods.
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Answer: Playing money magic will help one create their own budget because:
It shows how to balance expenses.
It shows how to account for revenue.
Teaches how to save while still maintaining good spirits
If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible.
If the opportunity cost of production for two goods is different between two countries then mutually beneficial trade is possible.
What is opportunity cost?Opportunity cost is an economist term for expressing cost in terms of foregone alternative.
It is the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).
Hence, If the opportunity cost of production for two goods is different between two countries then mutually beneficial trade is possible.
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The development of team roles arises from the ______ of the team, the organization, and the team members themselves. Multiple choice question.
The development of team roles arises from the expectations of the team, the organization, and the team members themselves. .
What is a team?A team serves as group of people that have a particular goal and they work together to achieve the aim of the organization.
However, team roles are the responsibility of each members which is expected from individuals in the team.
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For both academics and practitioners, the pendulum has swung over to the _______ for estimating the cost of equity capital.
For both academics and practitioners, pendulum has swung over to the capital asset pricing model for estimating the cost of equity capital.
What is capital asset pricing model?The capital asset pricing model serves as model that show the financial markets price securities and thereby determine expected returns on capital investments.
Therefore, this model provides a way for estimating the cost of equity capital.
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Ella has a degree in food services management and early childhood education. What company might be interested in hiring Ells?
A. A government office looking for a security guard
B. A nursery school looking for a dietitian
C. A police department in need of an animal control officer
D. A state senator in need of an executive assistant
Answer: B. a nursery school looking for a dietician
Explanation:
Because Ella has knowledge about food so she'd be a good dietician
94.0% complete Question Cecilia and Landon DeFee purchased their primary residence in North Carolina this year, but still maintain a vacation property in the Smokey Mountains. Their home in N. Carolina was purchased for $450,000, and they paid $22,349 in interest the first year. The vacation property was purchased 5 years ago for $300,000 and they paid $14,795 in interest this year. The couple has no other itemized deductions. What is the mortgage interest deduction for Cecilia and Landon
The mortgage interest deduction for Cecilia and Landon for the year is $37,144.
What is mortgage interest deduction?Taxpayers, like Cecilia and Landon DeFee, who own their homes on mortgages, can reduce their taxable income by the amount of interest paid.
The loan must be secured on their property and should not exceed $750,000 for married couples filing jointly or $375,000 for each couple filing separately.
Data and Calculations:Primary Residence Vacation Property Total
Mortgage for property $450,000 $300,000 $750,000
Interest paid $22,349 $14,795 $37,144
Thus, the mortgage interest deduction for Cecilia and Landon for the year is $37,144.
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According to the Reaching Beyond Our Borders box, one way German companies are remaining competitive in industrial jobs is Multiple Choice they rely solely on robotic technology and no longer use a human workforce. they implement apprenticeships to provide on-the-job education for young workers. they send all of their manufacturing work to China. they encourage students to leave school to take manufacturing jobs.
According to the information, it can be inferred that German companies are competitive because they implement apprenticeships to provide on-the-job education for young workers (option B)
What is on-the-job education?On the job education is an educational method focused on improving the production processes and operation of a company. This method is implemented to increase the quality of all the processes required in the production chain of a company.
The on job education method is generally focused on young employees because they do not have previous experience. Additionally, they are offered education so that they can grow professionally and at the same time contribute better quality to the company.
Note: This question is incomplete because the graph is missing. However I can answer it based on my general knowledge.
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The model and concepts used to develop the economics of __ are similar to those used to illustrate the effects of:
Answer:international trade: trade between individuals
Explanation:
I got it right
ICD-10-CM codes translate _____ of services provided from verbal and narrative descriptions to nationally accepted reporting standards.
ICD-10-CM codes translate medical necessity of services provided from verbal and narrative descriptions to nationally accepted reporting standards.
What is a good place to keep financial records stored?
a. safety deposit box
b. personal computer
c. filing cabinet in your home office
d. all of the above
e. none of the above
Answer:
place in an office cabinet which can be closed
During which time period was the annual rate of increase of the speed the greatest? a) from year 1 to year 2 b) from year 1 to year 3 c) from year 1 to year 4 d) from year 1 to year 5
The annual rate will increase with the greatest speed from year 1 to year 3.
What is the growth rate?A growth rate is the proportion that changes the price of all goods and services produced in a country over a specific time period in comparison to a previous period.
The growth rate is used to measure the comparative fitness of an economic system over time. The numbers are commonly compiled and announced quarterly and annually.
From 1948 to 2021, the GDP Annual Growth Rate in the United States averaged 3.14 percent, with an all-time high of 13.4 percent in the fourth sector of 1950.
From the above declaration, it's clear that choice C, year 1 to year 3, is the proper option.
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Explain how credit card companies make money on their cards. what is a credit card issuer?
A credit card issuer is an unsecured creditor that makes money by charging and collecting fees for transactions made with a credit card.
How does a credit card issuer earn money?The credit card issuer is the one who grants credit to the consumer based on the holder's market credibility. He is an unsecured creditor because no collateral can be recovered if the cardholder defaults.
The following are some of the ways that card issuers make money from their cards:
Interest is charged when a credit amount is not paid on time.Charging merchants a fee for accepting credit card paymentsFees charged by payment gatewaysCharges for cash withdrawalsAs a result, the methods through which a credit card issuer or company earns money is in the ways as aforementioned above.
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Answer:
Credit card companies make money on their cards by charging banks a fee to issue their cards. They also charge merchants to accept their credit cards when customers use them to pay for products and services. Credit card issuers are financial institutions that establish credit accounts for their customers and provide them with a pre-approved credit limit.
Explanation:
its the sample response
Nancy Appleton obtained a $45,000 loan for her start-up business. The SBA guaranteed 75% of the loan. How much has the bank risked losing if Nancy's business fails?
Based on the percentage that SBA guaranteed out of Nancy's loan, the bank stands to lose $11,250.
How much does the bank stand to lose?The bank stands to lose the amount that wasn't guaranteed by the SBA in the event that Nancy Appleton's business fails.
This amount can be found as:
= Loan amount x ( 1 - percentage guaranteed)
Solving gives:
= 45,000 x ( 1 - 75%)
= $11,250
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According to public choice economists, the federal government has expanded because
A. the federal government is efficient in its spending.
B. deficit spending has reduced the perceived cost of current government operations.
C. taxpayers pay the full cost of current government operations.
D. the public likes to pay higher taxes to finance more programs.
Economists believe that the federal government has expanded because B. deficit spending has reduced the perceived cost of current government operations.
What do economists think of the federal expenditure?They believe that because the government can finance more expenditure with debt, they have engaged in more expenses than they can actually afford.
This means that the government no longer views the cost of government operations as high because they can engage in deficit spending.
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If you find that income significantly varies by age regardless of job experience, you have ______. a. an interaction effect b. both a main effect and an interaction effect c. a main effect for age d. a main effect for job experience
One have a main effect for age when income significantly varies by age regardless of the extent of job experience.
What is a main effect?This means the effect of a single independent variable on the dependent variable while ignoring all other independent variables.
Hence, we have a main effect for age when income significantly varies by age regardless of the extent of job experience.
Therefore, the Option C is correct.
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E-Tech Initiatives Limited plans to issue $550,000, 10-year, 3 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 95. (Deductions should be indicated by a minus sign. )
E-TECH INITIATIVES LIMITED
Balance Sheet (partial)
As of January 2, 2019
Carrying Value
This is how the bonds issued by E-Tech Initiatives Limited on January 1, 2019, will be shown on its balance sheet on January 2, 2019:
E-TECH INITIATIVES LIMITED
Balance Sheet (partial)As of January 2, 2019
Long-term Liabilities:
Bonds Payable (Carrying Value)
Face value = $550,000
Discounts (27,500) $522,500
How is the carrying value of bonds payable shown on the balance sheet?The carrying value of this bond equals its par or face value ($550,000) plus any unamortized premiums or less unamortized discounts ($27,500).
Thus, the net amount between the par value and the premium or discount is called the carrying value which is reported on the balance sheet.
Data and Calculations:Face value = $550,000
Maturity period = 10 years
Interest on bonds = 3% annually
Issue value = 95
Price = $522,500 ($550,000 x 95%)
Discount = $27,500 ($550,000 x 522,500)
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After reviewing the project scope statement, the owner specifies that costs MUST stay within $400,000. This criterion is classified as
The criterion where costs must remain at a certain level according to the owner or investments is called a Constrained criterion.
What is a constrained criterion?This is a requirement in a project scope statement that limits the costs to a certain level.
In this scenario, there is a requirement that costs should not go beyond $400,000 which means tha there is a limit to the cost in the project.
This is therefore a constrained criterion.
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To perform a vertical analysis of an income statement, you would divide each line item on the statement by ______.
Caleb was a manager at a company that produced household appliances. He had many innovative ideas to increase profits. However, his ideas were not received well by the company. So, he left the company to pursue his own business, thus creating a(n)
Answer:
He created an entrepreneurial venture
Explanation:
When a recession is caused by a negative AD shock, we would expect inflation to _______________ and unemployment to _______________.
Answer:
The answer is fall and rise
Explanation:
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Grid tools & hardware company is subject to a decision by the consumer product safety commission. Opposed to the decision, grid tools wants a court to review it. First, however, the firm must use all of the potential administrative remedies. This is.
The use of all of the potential administrative remedies when opposed to the decision of a consumer product safety commission is called the exhaustion doctrine.
What is an exhaustion doctrine?An exhaustion doctrine is also referred to as the first sale doctrine and it can be defined as a U.S. common law or legal principle which states that a plantiff must exhaust all possible administrative remedies before it can obtain judicial review from a court of competent jurisdiction.
This ultimately implies that, the exhaustion doctrine involves the use of all of the potential administrative remedies when opposed to the decision of a consumer product safety commission prior to obtaining judicial review from a court of competent jurisdiction.
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