The bad debts expense for the year to be debited will be $600.
Adjusted balance of the Allowance for Doubtful Accounts = Accounts receivable * 2%
Adjusted balance of the Allowance for Doubtful Accounts = $25,000 x 2%
Adjusted balance of the Allowance for Doubtful Accounts = $500
Unadjusted balance of the Allowance for Doubtful Accounts = $100
Amount of bad debt expenses = Adjusted balance of the Allowance for Doubtful Accounts + Unadjusted balance of the Allowance for Doubtful Accounts
Amount of bad debt expenses = $500 + $100
Amount of bad debt expenses = $600
Therefore, the bad debts expense for the year to be debited will be $600.
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Answer:$400
Explanation:
on may 1, there were 4 inventory items that cost $30 each. on may 5, 2 items were purchased for $35 each. given one item from the beginning inventory and one from the may 5 inventory were sold, under the inventory method, cost of goods sold would equal $75.
Based on the specific identification inventory method, the cost of goods sold would equal $65 ($30 + $35) and not $75 as indicated in the question.
Specific identification is an inventory costing method that tracks the cost of goods to the exact items that are sold. This method is used where it is possible to track sold items individually, especially when the sold items are separately identifiable.
Specific identification is just one method in inventory costing. Others are Last-in, First-out (LIFO), First-in, First-out (FIFO), and Weighted-Average Cost Methods.
Thus, the inventory method that will produce the cost of goods sold under this scenario is the specific identification method.
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competitive price-taker markets and purely competitive markets are:
Answer:
While a competitive market determines the equilibrium point by staying in tune with the supply and demand curves, a perfectly competitive market does not have that luxury. A perfectly competitive market must accept the price point and must only decide how much to sell.
Explanation:
Suppose the price of crude oil used to produce gasoline rises significantly. At the same time, consumers purchase hybrid cars in great numbers. In the market for gasoline, the market clearing price ________ and the equilibrium quantity ________. definitely falls, is indeterminate is indeterminate, definitely falls definitely rises, is indeterminate definitely falls, definitely rises
is indeterminate, definitely falls
How does your credit score impact the personal loan options you have
available?
(Put the correct answer )
Answer:
bad credit score would negatively affect your loan options because the bank won't see you as someone who can pay it back on time
Infomercial are _than commercials.
a. longer
b. funnier
C. more entertaining
d. shorter
Answer:
A
because infomercials have information in them so they can't be funnier or more entertaining and shorter wouldn't really make sense so the best choice is longer.
the Following 4. Journal sita ram Started business RS 50,000 andbank 100,000 with deposit
Answer:
Whats the question
Explanation:
at what level of investment ownership is significant influence often presumed?
Significant influence is often presumed when an entity or individual holds more than 20% but less than 51% of the investment in another entity.
Significant influence enables the entity to make operating and financial decisions for the other entity. The entity may lack total control since the ownership is not above 50%, but the entity can significantly influence corporate decisions.Some entities may exert significant influence with investment ownership that is less than 20%.
Under International Financial Reporting Standards, investors with significant influence account for their investments in the investee using the equity method.
Thus, significant influence is often presumed once an investor owns 20% or more of an investee.
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What else can a digital wallet be used for?
Answer:
Explanation:
Digital wallets can be used in conjunction with mobile payment systems, which allow customers to pay for purchases with their smartphones. A digital wallet can also be used to store loyalty card information and digital coupons.
the pool of free labor grew during the post-revolutionary period. identify the reasons for this growth.
There was a growth of free labor around the post-revolutionary period, this is as a result of Increased numbers of non - indentured immigrants that comes from Europe.
The post-revolutionary period can be regarded as the period that comes after the Revolutionary War, and it brought about alot of change such as end of of monarchical rule, and coming forth of religious fragmentation and economic flux.This era, there was a pool of free labor as a result of the movement of non - indentured immigrants that comes from Europe which added to the indentured servants which are already outliving their terms of required labor.Therefore, the non - indentured immigrants brought about increased labor.
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All of the following are true of Section II of the Businessowners Coverage Form, except: A Bodily injury coverage does not apply to rendering or failure to render professional services B Includes the cost of defending the insured C A personal injury loss must be committed in the coverage territory during the policy period D Business liability coverage applies to damage to an insured's property or work
All of the following are true of Section II of the Businessowners Coverage Form, except Business liability coverage applies to damage to an insured's property or work. The correct option is D. coverage that safeguards an organization against claims for bodily injury, property damage, or personal injury resulting from the insured's actions or inactions, up to the policy limits.
What does a business owner's policy cover?A business owner's policy, also known as a BOP, offers financial protection to small business owners in the event that their operations are abruptly halted due to a covered loss. This policy safeguards your inventory, buildings, and equipment.
Buildings are commonly included in the properties covered by a BOP. Additionally, the BOP will cover any property owned by the business or by a third party temporarily kept in the company or business owner's care, custody, or control.
Thus, the ideal selection is option D.
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why do companies have middle management instead of just having senior management that retains all power in the organization?
Answer:
Small companies don't have middle management, so it is entirely appropriate for senior management to implement strategy and guide employees directly.
The purpose of management is nothing to do with power, but rather to create, plan and execute the vision and strategy of the organization through the workforce and technology.
Explanation:
what are five marketing strategies that retailers spend half of their annual budget on?
The five marketing strategies includes strategies on 5P's which includes Price, Product, Promotion, Place and People.
The retailers are basically people who sells goods in smaller quantity to the final consumer in the chain of distribution.
The five marketing strategies they spend half of their annual budget on includes on the following:
Price: The retailers ensures that prices of their product are reduced below cost price to persuade consumers to buy from them.Product: The retailers need to ensure that varieties of product are available in the stores to satisfy the consumers need.Promotion: Various advertisement and others strategy to persuade consumers needs funds to make successful.Place: The store and outlet need to be where is more favorable and comes with high cost of expenses for the retailers.People; The consumers are given discounts and other incentives to persuade them to come and buy more goods from the retailers.Learn more about this here
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Answer:Product, Price, Promotion, Place, and People
Explanation:
Select the correct answer.
Which statement describes an advantage or benefit of market research?
A.
It guarantees a business’s success and profits.
B.
All its methods are inexpensive and easy to apply.
C.
It helps a business explore new opportunities in the market.
D.
It is necessary only in a business’s initial stages.
Answer:
c
Explanation: just did the test
Which one of the following types of charitable contributions is NOT deductible for federal income tax purposes?
A. Contributions made with credit cards where the charge is paid in a subsequent year
B. Travel costs incurred for charitable purposes
C. Contributions made through payroll deduction
D. Cash paid to purchase fundraising products where a portion of the proceeds go to fund a charitable cause
Answer: B.
Explanation: Contributions to individuals, foreign governments, foreign charities, and certain private foundations similarly are not deductible.
Which points are most efficient for the utilization of resources on a production possibilities diagram?
A. points along the curve
B. points inside the curve
C. points at the two intercepts of the curve
D. points outside the curve
Answer- A. point along the curve
the historical cost principle requires that when assets are acquired, they be recorded at
The historical cost principle requires that when assets are acquired, they be recorded at cost.
The historical cost principle is an accounting principle under the US GAAP. It entails recording the cost of an asset on the balance sheet at the cost with which the asset was purchased regardless of the changes in the value of the asset.
For example, if a machine was purchased at a cost of £2000. If the historical cost principle is used, the machine would be recorded at £2000 on the balance sheet.
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What is a “work point”?
Answer:
A work point is an independent entity whose location is defined in spaceSarah is preparing for the baptism of Chris. He bought five dressed chicken weighing 1 3/4, 2 1/8, 1 1/3,1 2/5, and 2 1/2 kilograms each, respectively.What is the total weight of the chicken?
The total weight of the chicken is 9[tex]\frac{5}{48}[/tex] kg.
The total weight of the chickens can be determined by adding the weights of the five chickens together.
Addition is a basic mathematical operation that is carried out by adding two or more numbers together.
Total weight = [tex]1\frac{3}{4} + 2\frac{1}{8} + 1\frac{1}{3} + 1\frac{2}{5} + 2\frac{1}{2}[/tex]
[tex]7\frac{720 + 120 + 320 + 384 + 480}{960}[/tex]
7 [tex]\frac{2020}{960}[/tex]
9[tex]\frac{5}{48}[/tex] kg
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Head Time is a local salon that requires all its stylists to graduate from a recognized hairstyling institute and pass the state licensing examination prior to joining work. Due to strict customer service requirements and potential lawsuits resulting from inadequate knowledge regarding the use and care of certain chemicals and solutions, this business can clearly justify its hiring criteria ________.
Answer:
educational
Explanation:
In analyzing the chart, what is the relationship between fees and dollar advanced? What do you think that payday lenders base their fees on?
Using the information on the chart, there exists a direct proportional relationship between fee and dollar advanced.
From the bar graph, Fee and dollar advanced are represented by the green and brown bars. Looking closely, the green and brown bars are virtually the same for each of the different number of transactions recorded. The percentage value of fee, and share of dollar advanced have almost the same percentage in each group.Therefore, Fee and share of dollar advanced are directly proportional based on the display produced by the bar chart.
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you hear about an economy with no change in the number of workers or capital. yet, production increases. what idea does this illustrate?
Answer:
It might be because of an increase in efficiency in the workforce or advances in technology. Hope it helps :)
Explanation:
Advantages and Disadvantages of a public limited company (preferably 3 of each)
Answer:
advantages
it has a legal existance,it can sue or be sued in court of law
it has a big capital base because it has no limits in number of members
members have a limited liability
disadvantages
it is at times too big to be managed effectively
the financial progress of the company is not secretive since books of accounts are published to the public
the company faces disadvantages of economies of scale
Explanation:
hope it helps
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You have allocated $8,000 for employee training. You have 20 employees and each course costs $200. How many training courses can you afford per employee?
Answer:
B) 2
Explanation:
$8,000 divided by 20 is 400, $400 divided by $200 is 2 courses per employee.
The number of training courses you can afford per employee is 2.
How many training courses can you afford?The mathematical operation that would be used to solve this question is division. Division is the process of grouping a number into equal parts using another number. The sign that represents division is ÷
The first step is to divide the amount allocated for employee training by the number of employees.
= $8,000 / 20 = $400
The next step is to divide $400 by the cost of each course
$400 / $200 = 2
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Which of these is a reason a closed culture is
more thoughtful about change in the
organization?
A. Change takes much longer in large organizations.
B. Ideas for change are debated in large organizations.
C. Hierarchy makes change impossible in large organizations.
be possible in the United States?
Answer:
yes be possible in United to know at all and how to learning .
Explanation:
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to ________, lance, an hr manager, shares his company’s job openings on social media and online job postings.
Firms or organizations always recruit from external sources to fill vacancies in their firm. To recruit from outside organization, Lance, an hr manager, shares his company's job openings on social media and online job postings.
External recruitment uses assessment of an available pool of job candidates, to find skilled or qualified to fill and perform existing job vacancies.It entails searching outside of the current employee pool to fill open positions in an organization.
A company always source from outside hire.Through outside recruitment, a firm can invigorate their organization with fresh talent.
Conclusively, Employee Referrals. Networking (Informal, Formal) Job Fairs (Online and Virtual) are some ways to source from outside organization.
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Information systems in general are helpful because they are used for making informed decisions using more accurate reports. However, there are social issues with such systems. Research and identify two issues that can affect a community.
Answer is:
I researched online and came across a few issues that can affect a community. Two of these are addressed below.
Elimination of Jobs: When a company uses computers for doing tasks, jobs get completed in lesser time. They are also more accurate and less prone to mistakes that humans make. Information can be processed and entered into multiple data tables simultaneously. Computers also generate reports and statements easily. Therefore, fewer people are needed to perform majority of the tasks and can lead to job elimination.
Security Concerns: As more data is available online, hackers can easily break into a system and access personal data. This information is likely to be misused. Therefore, systems should always be up-to-date security programs. A computer security expert should also be a part of the staff to prevent and eliminate any attacks on an organization's data.
Plato users.
Information systems have automated information management, making it quicker to process large amounts of information, but it can also create issues such as information security and IT competitiveness.
Information security is a problem arising from information systems that can configure fraudulent techniques to steal sensitive data from people and organizations and gain benefits, so it is essential to be prepared for the risks and support from specialized security companies.
The advancement of artificial intelligence can also correspond to a risk in the work environment, such as the competitiveness with IT of professionals who are not prepared to deal with digital innovations.
Therefore, it is necessary that organizations use IT to bring benefits in the speed of organizational processes, preparing themselves for risks and offering training and qualification to their employees to deal with digital systems.
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One characteristic of the United States Foreign Corrupt Practices Act is that it: ____________
a. applies to only international transactions that occur within the territorial borders of the United States.
b. is an attempt to support U.S. businesses by exporting U.S. values that indirectly aid business.
c. clearly stipulates terminology and behavior that is illegal on the part of U.S.
d. businesses and foreign business operating in the United States.
e. includes uncertainties such as terminology, definitions, accounting standards, and behavior standards.
One characteristic of the United States Foreign Corrupt Practices Act is that it clearly stipulates terminology and behavior that is illegal on the part of U.S
United States Foreign Corrupt Practices Act was set up in 1977. It helps to
serve as a guide to know the legal and illegal behavior expected of
individuals by the USA.
Example of illegal behavior by the Act includes offering bribes for favor to gain business deals, keeping to agreements etc.
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3
Tina wants to purchase new pair of shoes for 95$ and a jacket for 100$.
She has a credit card to use. What are her alternatives? *
O jacket and 100$
O shoes and jacket
credit card and 100$
none of the above
None of the options shows an alternative Tina has, a real alternative would be a credit card and cash ($190)
In economics, an alternative is an element that replaces or substitutes another. For an element to be considered an alternative it needs:
To belong to the same category or have the same function.To be possible for the user to replace the first element using the alternative.Based on this, let's analyze each of the options:
Jacket and $100: These are not alternatives because Tina wants a jacket and this product cannot be replaced with money as money will not protect Tina from cold weather.Shoes and a jacket: These are not alternatives because Tina wants the two products not only one.Credit card and $100: These would be alternatives if the total cost was $100. However, using a credit card Tina can pay for both products but using $100 she can only pay for one of the products.Therefore, the options do not present alternatives; but one valid alternative is a credit card and $190.
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Explain supply and demand. Provide an example or real life scenario
These are examples of how the law of supply and demand works in the real world. A company sets the price of its product at $10.00. No one wants the product, so the price is lowered to $9.00. Demand for the product increases at the new lower price point and the company begins to make money and a profit.