the existing balance in allowance for doubtful accounts is considered in computing bad debts expense in the group of answer choices direct write-off method. percentage of receivables basis. percentage of sales basis. percentage of receivables and percentage of sales basis.

Answers

Answer 1

In the percentage of receivables basis, you estimate bad debts based on a percentage of the accounts receivable balance, which takes into consideration the existing balance in the allowance for doubtful accounts.

To compute bad debts expense using this method, follow these steps


1. Determine the total accounts receivable balance.
2. Apply a percentage, based on historical data or industry standards, to the accounts receivable balance to estimate the allowance for doubtful accounts.
3. Compare the calculated allowance with the existing balance in the allowance for doubtful accounts.
4. If the calculated allowance is higher than the existing balance, the difference is recognized as bad debts expense. If it is lower, no additional bad debts expense is recorded.

In contrast, the direct write-off method and percentage of sales basis do not consider the existing balance in the allowance for doubtful accounts. The direct write-off method records bad debts expense only when an account is determined to be uncollectible, and the percentage of sales basis estimates bad debts as a percentage of credit sales, regardless of the existing allowance balance.

For more such questions on receivables

https://brainly.com/question/24871345

#SPJ11


Related Questions

between 1860 and 1898 a. iron and steel exports increased. b. american-made goods sold abroad increased. c. america exported more goods than it imported. d. each statement is correct.

Answers

The correct response is d. each statement is correct. Between 1860 and 1868, iron and steel exports increased, American made goods sold abroad increased, and America exported more goods than it imported.

An import is a good or service that was produced in another country but bought in one. Both imports and exports serve as the foundation of world trade. A country's trade balance, often known as its trade deficit, is negative if its imports exceed its exports. Anything created overseas and then brought into another nation is an import. For instance, an American would consider it an import if a Belgian company produced chocolate and sold it there. Imports are any raw materials, finished goods, or services that manufacturers sell to consumers in another country.

Learn more about imported here

https://brainly.com/question/29893985

#SPJ4

black top taxis is hiring new drivers. one of the key selection criteria for potential candidates is the ability to choose the right action quickly in response to several different signals and the ability to respond quickly to signaling information after it occurs. the selection criteria indicate that to be selected, a candidate must have the two psychomotor abilities of

Answers

"Black Top Taxis is hiring new drivers. One of the key selection criteria for potential candidates is the ability to choose the right action quickly in response to several different signals and the ability to respond quickly to signaling information after it occurs. The selection criteria indicate that to be selected, a candidate must have the two psychomotor abilities of response orientation and low response time." Option E is correct.

The key selection criteria for potential candidates to become drivers at Black Top Taxis is their ability to choose the right action quickly in response to several different signals and the ability to respond quickly to signaling information after it occurs, with the two psychomotor abilities required being response orientation and low response time.

Response orientation refers to the ability to accurately identify and interpret signals, while low response time refers to the ability to respond quickly to those signals. These abilities are crucial for a taxi driver, as they need to be able to make split-second decisions in response to changing traffic and road conditions.

Overall, Black Top Taxis is looking for drivers who are quick and responsive, with a strong ability to process and interpret signals in real-time, allowing them to react quickly and safely in a variety of different driving situations. Thus, Option E is correct.

This question should be provided as:

Black Top Taxis is hiring new drivers. One of the key selection criteria for potential candidates is the ability to choose the right action quickly in response to several different signals and the ability to respond quickly to signaling information after it occurs. The selection criteria indicate that to be selected, a candidate must have the two psychomotor abilities of ______?

a. number facility and response orientation abilities. b. control movement abilities and originality. c. visualization and gross motor coordination. d. perceptual speed and extent flexibility. e. response orientation and low response time

Learn more about selection criteria https://brainly.com/question/15850229

#SPJ11

jefferson's recently paid an annual dividend of $1.31 per share. the dividend is expected to decrease by 4% each year. how much should you pay for this stock today if your required return is 16%? group of answer choices $10.48 $11.57 $6.29 $5.74

Answers

The correct answer is $6.29. Stock value calculated using dividend discount model with $1.31 dividend, 16% required return, and -4% expected growth.

The value of the stock today is $11.57, calculated using the dividend discount model with a recent dividend of $1.31, required return of 16%, and expected growth rate of -4%.To ascertain the worth of the stock today, we really want to utilize the profit rebate model.

The equation for this is D/(r - g), where D is the latest profit, r is the necessary return, and g is the normal development pace of the profit.For this situation, the latest profit is $1.31. The necessary return is 16%. The normal development rate is - 4% on the grounds that the profit is supposed to diminish by 4% every year.

In this way, the estimation would be:

$1.31/(0.16 - (- 0.04)) = $11.57

Subsequently, the worth of the stock today is $11.57.

To learn more about annual dividend, refer:

https://brainly.com/question/31415940

#SPJ4

The complete question is:

What is the present value of Jefferson's stock if the company recently paid an annual dividend of $1.31 per share, which is expected to decrease by 4% each year, and your required return on the stock is 16%? The options are: $10.48, $11.57, $6.29, $5.74.

affiliate marketing is when a merchant pays a comission to another online entity for direction busines sto the merchants website true/false

Answers

The given statement "affiliate marketing is when a merchant pays a commission to another online entity for directing business to the merchant's website" is true.

Affiliate marketing is a kind of online marketing in which an affiliate earns a commission by promoting a product or service for another person or organization. An affiliate acts as a bridge between the buyer and the seller. The affiliate is compensated for their work by the merchant, who pays them a commission for each successful sale made through their affiliate link.

It can be an effective and inexpensive way for merchants to increase their reach and sales, while affiliates can earn a significant passive income. Therefore, Affiliate marketing is one of the most successful ways to make money online. By promoting someone else's products or services, you can earn a commission on each sale made through your affiliate link, making it an ideal choice for those looking for a passive income stream.

know more about affiliate marketing here

https://brainly.com/question/15060172#

#SPJ11

raj uses a functional organization design in his organization. recently, an opportunity to expand his business was presented. raj formed a temporary group to review this opportunity and see how it might fit in with the current goals of the organization. which type of organization design did raj switch to?

Answers

Raj organized a temporary panel to study this potential and determine how it would fit in with the organisation's current goals. Raj switched to a hybrid organisational design.

A hybrid organizational structure, often known as a matrix structure, combines features of functional and divisional systems into a single structure. It is known as a hybrid model since it combines these two structures. Because it has a matrix or grid-like look, it is also known as a matrix structure.

The hybrid/matrix structure seeks to combine the advantages of functional and divisional systems while minimizing their disadvantages. This structure is often employed in the manufacturing, service, non-profit, and multinational corporations.

Every organizational system has its own set of benefits and drawbacks. Some structures, such as the hybrid/matrix structure, try to eliminate vertical hierarchical levels in order to improve organisational flexibility and communication.

To know more about hybrid organizational structure:

https://brainly.com/question/7239611

#SPJ4

the federal reserve bank engages in monetary policy when it ? increases taxes all of the answers are correct decreases the reserve requirement sell bonds

Answers

The Federal Reserve Bank engages in monetary policy when it decreases the reserve requirement, sells bonds, and increases taxes. Therefore, option D, "All of the above answers are correct," is the correct answer.

What is monetary policy?

The monetary policy is the government's process of controlling the money supply in the economy, particularly the money supply and interest rates, to promote economic stability and growth.

Monetary policy is used by the central bank or Federal Reserve Bank of the United States in the United States to control money supply and interest rates.

What does the Federal Reserve Bank do?

The Federal Reserve Bank is responsible for managing the country's money supply, stabilizing inflation and deflation, and regulating the country's financial institutions.

The Federal Reserve Bank also plays a role in the implementation of the country's monetary policy.

Therefore, the Federal Reserve Bank engages in monetary policy when it decreases the reserve requirement, sells bonds, and increases taxes. The correct answer is option d.

To know more about monetary policy refer to-

brainly.com/question/30204100#

#SPJ11

Complete Question

The federal reserve bank engages in monetary policy when it ?

a. increases taxes

b. decreases the reserve requirement

c. sell bonds

d. all of the answers are correct

which of the following assets qualifies as residential rental property? (check all that apply.) multiple select question. apartment building duplex rented to individuals and families shopping mall space rented to shops/stores hotels and motels office building leased to businesses single-family rental homes

Answers

Residential rental property includes b) single-family rental homes, e) apartment buildings, and f) duplexes rented to people and families.

Residential rental property is defined as a dwelling bought by an investor and occupied by tenants under a lease or another sort of rental agreement.

Residential property is land zoned expressly for individual or household living or habitation; it can range from single-family homes to multi-unit apartment buildings.

Commercial rental property, on the other hand, is leased to businesses in properties zoned specifically for profit generating.

The term residential rental property distinguishes this sort of rental real estate investment from commercial buildings, where the renter is often a corporate body rather than a person or family, and hotels and motels, where the tenant does not stay for an extended period of time.

To know more about residential rental property:

https://brainly.com/question/30033236

#SPJ4

Correct question:

Which of the following assets qualifies as residential rental property? (Check all that apply.)

a) Hotels and motels

b) Single-family rental homes

c) Shopping mall space rented to shops/stores

d) Office building leased to businesses

e) Apartment building

f) Duplex rented to individuals and families

a video-recording system was purchased 2 years ago at a cost of $39,000. a 5-year recovery period and ddb (double declining balance) depreciation have been used to write off the basis. the system is to be replaced this year with a trade-in value of $5,500. what is the difference between the book value and the trade-in value?

Answers

The difference between book value and trade-in value for the given cost and trade in value is equals to $8,540.

Cost of video-recording system = $39,000

Trade value = $5,500

Using the DDB method,

Annual depreciation rate is calculated as twice the straight-line depreciation rate for the recovery period is 5 years,

=  1/5 or 0.2

The annual depreciation rate using DDB is

= 2 x 0.2

= 0.4

Depreciation expense for the first year

= $39,000 x 0.4

= $15,600

Book value at the end of the first year

= $39,000 - $15,600

= $23,400

Depreciation expense for the second year

= $23,400 x 0.4

= $9,360

Book value at the end of the second year

= $23,400 - $9,360

= $14,040

Book value of the video-recording system at the time of replacement is $14,040.

The trade-in value is =  $5,500.

Difference between the book value and the trade-in value is,

$14,040 - $5,500

= $8,540

Therefore, the difference between the book value and the trade-in value is $8,540.

Learn more about book value here

brainly.com/question/15081040

#SPJ4

what is discretionary fiscal policy? please explain what is an automatic stabilizer. explain how some government tax revenue and spending can depend on the state of the economy.

Answers

Discretionary fiscal policy involves active government intervention to influence the economy, while automatic stabilizers are passive mechanisms that help stabilize the economy without direct intervention. Government tax revenue and spending can vary depending on the state of the economy.

Discretionary fiscal policy refers to intentional government actions taken to influence economic activity through changes in taxes, spending, or both. It is often used to address economic fluctuations, such as combating recession or controlling inflation. Examples include tax cuts or increases in government spending on public projects.

Automatic stabilizers, on the other hand, are economic policies that help stabilize an economy without the need for active government intervention. They are built into the structure of the economy and automatically respond to changes in economic conditions. Examples of automatic stabilizers include unemployment benefits and progressive tax systems.

Government tax revenue and spending can depend on the state of the economy because both are influenced by economic activity. In times of economic growth, tax revenues tend to increase as incomes and profits rise, leading to higher tax collections. Conversely, in economic downturns, tax revenues decrease as incomes and profits fall.

Similarly, government spending can be affected by the state of the economy. For example, when the economy is in a recession, the government may increase spending to stimulate economic activity, whereas in times of inflation, the government may reduce spending to help slow down the economy.

For more such questions on fiscal policy

https://brainly.com/question/6583917

#SPJ11

i begin the billing cycle with a $250 balance on my credit card. on the sixth day i charge $300 more onto my card. on the 25th day i make a $450 payment, leaving me with a $100 balance for the remainder of the billing cycle. if my apr is 20 percent, how much interest will i owe?

Answers

To calculate the interest owed, we need to determine the average daily balance for the billing cycle. The average daily balance is calculated by taking the sum of the daily balances and dividing by the number of days in the billing cycle.

For this scenario, we can break down the billing cycle into three periods:

Period 1: Day 1 to Day 5

Balance = $250

Number of days = 5

Total balance for period 1 = $250 * 5 = $1250

Period 2: Day 6 to Day 24

Balance = $250 + $300 = $550

Number of days = 19

Total balance for period 2 = $550 * 19 = $10450

Period 3: Day 25 to Day 30

Balance = $100

Number of days = 6

Total balance for period 3 = $100 * 6 = $600

Total balance for the billing cycle = $1250 + $10450 + $600 = $11600

Average daily balance = $11600 / 30 = $386.67

To calculate the interest owed, we can use the following formula:

Interest = Average Daily Balance * Daily Interest Rate * Number of Days in Billing Cycle

The daily interest rate is calculated by dividing the APR by 365 days. In this case, the daily interest rate is 0.20 / 365 = 0.0005479.

Number of Days in Billing Cycle = 30

Interest = $386.67 * 0.0005479 * 30 = $6.71

Therefore, you will owe $6.71 in interest for this billing cycle.

Learn  more about “ billing cycle   “ visit here;

https://brainly.com/question/11297896

#SPJ4

when jennifer maximizes her total utility, how many pieces of shortbread does she buy each day and what is her marginal utility per dollar from shortbread?

Answers

When Jennifer optimises her overall utility, she purchases 6 pieces of shortbread every day, and the shortbread has a marginal utility of 76 units per dollar.

The additional pleasure a consumer experiences from owning one more unit of a product or service is known as marginal utility. Economists use the idea of marginal utility to estimate the quantity of a good that customers will buy.

When the total utility is increased by the consumption of an additional item, positive marginal utility happens. On the other hand, negative marginal utility happens when the total utility is reduced by the consumption of one more unit.

To learn more about marginal utility, here:

https://brainly.com/question/30841513

#SPJ4

Complete question:

The table shows​ Jennifer's marginal utility from tea and shortbread.

Jennifer has​ $5.00 to spend each day on tea and shortbread.

The price of tea is​ $1.00 a cup and the price of shortbread is​ $0.50 a piece.

When Jennifer maximizes her total​ utility, how many pieces of shortbread does she buy and what is her marginal utility per dollar from​ shortbread?

Tea                                                                Shortbread    

Cups per day     Marginal utility       Pieces per day      Marginal utility

     0                                                              0

      1                        100                                2                           84

      2                        76                                 4                           56

      3                        66                                 6                           38

      4                        58                                 8                           34

      5                        50                                 10                          30

what is the present value of the terminal value called? question 23 options: a) entity value b) reversion value c) net present value d) horizon value\

Answers

The present value of the terminal value is called the reversion value. It represents the value of an asset at the end of a certain period, assuming a constant growth rate.

The reversion value is calculated by discounting the future cash flows of the asset back to their present value, using a discount rate that reflects the time value of money and the risk associated with the asset. In other words, it is the present value of the expected cash flow from the asset at the end of its useful life. The reversion value is an important component in valuation methods such as the discounted cash flow analysis and is used to estimate the total value of an asset or business.

Learn  more about “ reversion value.   “ visit here;

https://brainly.com/question/14867813

#SPJ4

which of the following best describes portfolio management? group of answer choices the management of a marketplace in which stocks, bonds, and other financial instruments are traded a procedure used to settle disputes between a brokerage firm and its clients, which makes a final and usually binding decision on the matter the process of creation of a document that is made available to prospective security buyers that describes the firm and a new security issue the buying, selling, and holding of various securities in order to meet a set of predetermined investment needs and objectives the management of an agency of the federal government that regulates the disclosure of information about securities and generally oversees the operation of the securities exchanges and markets

Answers

Portfolio management best describes C. the buying, selling, and holding of various securities in order to meet a set of predetermined investment needs and objectives.

Portfolio management is an essential aspect of personal and institutional investing, as it helps investors allocate their resources efficiently to achieve desired financial goals while managing risk. A well-managed portfolio typically includes a diverse mix of assets, such as stocks, bonds, and other financial instruments. This diversification helps to minimize risk and maximize returns, as different asset classes tend to perform differently under various market conditions.

Portfolio management involves continuous monitoring of the investments and making adjustments when necessary, based on the investor's risk tolerance, investment horizon, and financial goals. Professional portfolio managers and financial advisors often use various tools and techniques to analyze and optimize portfolios, such as Modern Portfolio Theory, which focuses on maximizing returns for a given level of risk. They may also employ strategic and tactical asset allocation, which involves adjusting the proportions of different asset classes in response to changing market conditions and investment objectives.

In summary, portfolio management is the process of selecting, monitoring, and adjusting investments in order to achieve specific financial goals while managing risk. It involves the careful analysis of various securities and the development of an investment strategy that balances potential returns with an acceptable level of risk. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

which of the following best describes portfolio management? group of answer choices

A. the management of a marketplace in which stocks, bonds, and other financial instruments are traded a procedure used to settle disputes between a brokerage firm and its clients, which makes a final and usually binding decision on the matter

B. the process of creation of a document that is made available to prospective security buyers that describes the firm and a new security issue

C. the buying, selling, and holding of various securities in order to meet a set of predetermined investment needs and objectives

D. the management of an agency of the federal government that regulates the disclosure of information about securities and generally oversees the operation of the securities exchanges and markets

Know more about Portfolio management here:

https://brainly.com/question/28145153

#SPJ11

for the typical business plan having current and early cash outflows and later-stage cash inflows, the vscs will give a higher valuation than the dda. question 9 options: true false

Answers

The given statement "for the typical business plan having current and early cash outflows and later-stage cash inflows, the VSCS will give a higher valuation than the DDA." is true because its ability to consider the time value of money and the cash flows occurring at different stages of the business plan.

Firstly, let's define the terms "VSCS" and "DDA". VSCS stands for Venture Capital Method (VCM), Scorecard Valuation Method, and Risk Factor Summation Method, while DDA stands for Discounted Cash Flow (DCF) Analysis. These are two of the most commonly used methods for valuing a business.

Now, let's consider a business plan with current and early cash outflows and later-stage cash inflows. This means that the business will spend money upfront, such as on research and development or marketing, and generate revenue later on when the product or service is launched.

The reason for this is that DCF takes into account the time value of money, meaning it considers the fact that money today is worth more than the same amount of money in the future.

On the other hand, VSCS focuses on estimating the potential value of a business based on its growth potential and the level of risk involved. While VSCS can be a useful method for valuing early-stage startups, it may not be as accurate in valuing a business plan with significant early cash outflows and later-stage cash inflows.

To know more about cash outflow here

https://brainly.com/question/2804189

#SPJ4

jin is the warehouse manager at a bottling company. employees are on a four-week schedule during which each employee spends one week loading trucks, another week unloading trucks, a week verifying invoices, and a week pulling inventory from storage. which approach to job design is jin using

Answers

As per the concept of inventory, Jin's approach to job design is using a task-based approach, where each employee is assigned a specific task for a specific week.

Moreover, by rotating the tasks, employees avoid boredom and monotony, as they get to experience different tasks over time.

Notably, the task of pulling inventory from storage is particularly crucial for a bottling company. It is the task of pulling inventory from storage that ensures that the company has sufficient stock to continue its operations.

Overall, Jin's approach to job design is effective in ensuring that employees are appropriately trained, proficient in their roles, and motivated to perform their tasks.

To know more about inventory here

https://brainly.com/question/14184995

#SPJ4

the form of business organization that comprises about 19 percent of all businesses in the united states is the

Answers

The form of business organization that makes up approximately 19 percent of all businesses in the United States is the sole proprietorship.

A sole proprietorship is the simplest and most common type of business structure, where a single individual owns and operates the business. It does not require any formal legal documentation or separate legal entity, and the owner is personally liable for all debts and liabilities of the business. Sole proprietorships are popular among small businesses, startups, and freelancers due to their ease of formation and flexibility, but they also carry potential risks and limitations such as unlimited personal liability and limited access to capital.

To learn more about proprietorship refer to:

brainly.com/question/15685898

#SPJ4

profit-sharing plans, commissions, bonuses, and stock options are examples of group of answer choices benefits. incentives. salaries. wages.

Answers

Profit-sharing plans, commissions, bonuses, as well as  stock options are the examples of incentives. Option B is correct.

Incentives are rewards given to employees for achieving specific goals or objectives, typically related to performance. These rewards are intended to motivate employees to work harder and more effectively, and to align their interests with those of the organization. Other examples of incentives may include performance-based pay, promotions, and recognition programs.

Salaries and wages, on the other hand, are forms of compensation that are paid to employees for their time and effort, regardless of their performance or contribution to the organization. While salaries and wages may be adjusted periodically to reflect changes in market conditions or the cost of living, they are generally not tied to specific performance goals or objectives.

Hence, B. is the correct option.

To know more about Incentives here

https://brainly.com/question/12530175

#SPJ4

-The given question is incomplete, the complete question is

"Profit-sharing plans, commissions, bonuses, and stock options are examples of group of answer choices A) benefits. B) incentives. C) salaries. D) wages."--

financing activities include: multiple choice the purchase and sale of resources that are expected to benefit the company for several years. primary operations such as selling goods to customers. transactions with company employees. transactions the company has with investors and creditors.

Answers

Financial activites include transactions the company has with investors and creditors.

What are financing activities?Financing activities include transactions that a company engages in to secure funding or capital from external sources such as investors and creditors. This is in contrast to operating activities, which refer to the day-to-day activities of a business, such as selling goods and services, paying employees, and paying for inventory or supplies.The primary purpose of financing activities is to raise capital for the company to support its operations, expansion, and growth. It includes activities such as borrowing money, issuing stocks or bonds, repaying debts, and paying dividends to shareholders. These activities are often long-term investments that are expected to benefit the company for several years.

Know more about Financial activities here:

https://brainly.com/question/30096058

#SPJ11

a worker chooses to continue drawing disability benefits even though he or she is capable of returning to work. what is the term for this conduct

Answers

The term for a worker choosing to continue drawing disability benefits even though he or she is capable of returning to work is called disability fraud.

Disability fraud is a type of fraudulent activity where an individual misrepresents their medical condition or ability to work in order to receive disability benefits they are not entitled to.

Disability fraud can take various forms, including exaggerating or falsifying medical symptoms, failing to report income earned through work or other sources, or continuing to collect benefits after returning to work or becoming capable of working again.

This type of conduct is considered fraudulent because it involves intentionally deceiving government agencies or insurance companies in order to receive benefits that the individual is not entitled to.

Disability fraud not only takes resources away from those who truly need them, but it also harms taxpayers and can lead to higher insurance premiums for employers.

Overall, disability fraud is a serious offense that can result in legal consequences and penalties, including fines and imprisonment.

To learn more about work click on,

https://brainly.com/question/29216652

#SPJ4

What type of tax system charges a higher tax rate as the income of the entity increases?
A. dominant
B. progressive
C. regressive
D. rewarding

Answers

Answer:

[tex]progressive \: \: [/tex]

Answer: rewarding

Explanation:

constanza, who owns and operates a daycare, is meeting with all of her employees to set goals. one employee, carlos, sets a goal of teaching 90% of the 4-year old students in his class to tie their shoes. is this a smart goal?

Answers

The Carlos' goal of teaching 90% of the 4-year-old students in his class to tie their shoes can be considered a SMART goal.

A goal is considered SMART goal if it is specific, measurable, achievable, relevant, and time-bound. In the given case:

1. Specific: The goal targets a particular skill (tying shoes) for a specific age group (4-year-olds).

2. Measurable: The goal is quantifiable with a percentage (90%).

3. Achievable: With proper teaching techniques and practice, it is realistic for a majority of 4-year-olds to learn to tie their shoes.

4. Relevant: The goal aligns with Constanza's daycare's mission of educating and developing essential life skills for children.

5. Time-bound: Although the timeframe is not explicitly mentioned, it can be assumed that the goal is set for a particular academic year or semester.

To make it even more effective, Carlos can add a specific timeframe for achieving this goal.

Learn more about SMART goal:

https://brainly.com/question/30628703

#SPJ11

which of the following is an analytical symptom associated with revenue-related financial statement frauds? (a) truthful responses by management to queries about revenue-related accounts. (b) decline in gross profit percentage compared to the previous year. (c)) unusual entries made at the end of the accounting period (often in large dollar amounts in round numbers) that increase revenues. (d) insiders (e.g., ceo and cfo) selling a substantial amount of their stockholdings.

Answers

The analytical symptom associated with revenue-related financial statement fraud is a decline in gross profit percentage compared to the previous year. Here option B is the correct answer.

This analytical symptom can indicate that a company is manipulating its revenue and cost figures to boost revenue in the current period. By inflating revenue figures, the company can increase its gross profit percentage.

However, this may not be sustainable, and eventually, the company's fraud may be detected, leading to a decline in gross profit percentage in the subsequent periods. This decline can be a warning sign of revenue-related financial statement fraud.

Option (a) is not a symptom of revenue-related financial statement fraud. Truthful responses by management to queries about revenue-related accounts do not necessarily indicate that the company is not committing fraud.

Option (c) is a red flag of revenue-related financial statement fraud, but it is not an analytical symptom. Unusual entries made at the end of the accounting period that increase revenues can indicate revenue manipulation.

Option (d) is not directly related to revenue-related financial statement fraud. Insiders selling a substantial amount of their stockholdings can indicate a lack of confidence in the company's future performance or a need for liquidity, but it is not a symptom of revenue-related financial statement fraud.

To learn more about gross profit

https://brainly.com/question/14988657

#SPJ4

turquoise associates bought a machine at the beginning of the year at a cost of $21,500. the estimated useful life was five years and the residual value was $2,000. required: complete a depreciation schedule for the double-declining-balance method. prepare the journal entry to record year 2 depreciation.

Answers

To prepare a depreciation schedule for the double-declining-balance method and the journal entry for year 2 depreciation for Turquoise Associates, follow these steps:

Step 1: Calculate the straight-line depreciation rate.
Useful life = 5 years
Depreciation rate = 100% / 5 years = 20%

Step 2: Double the straight-line depreciation rate.
Double-declining rate = 20% * 2 = 40%

Step 3: Calculate the depreciation for each year.
Initial cost = $21,500
Residual value = $2,000

Year 1:
Depreciation expense = Initial cost * Double-declining rate
Depreciation expense = $21,500 * 40% = $8,600
Accumulated depreciation = $8,600
Book value (End of Year 1) = Initial cost - Accumulated depreciation = $21,500 - $8,600 = $12,900

Year 2:
Depreciation expense = Book value (End of Year 1) * Double-declining rate
Depreciation expense = $12,900 * 40% = $5,160
Accumulated depreciation = Previous accumulated depreciation + Depreciation expense = $8,600 + $5,160 = $13,760
Book value (End of Year 2) = Initial cost - Accumulated depreciation = $21,500 - $13,760 = $7,740

Step 4: Prepare the journal entry to record year 2 depreciation.
To record year 2 depreciation, you will make the following journal entry:
Debit: Depreciation Expense $5,160
Credit: Accumulated Depreciation $5,160

In summary, the depreciation schedule for the double-declining-balance method shows a depreciation expense of $5,160 for year 2. The journal entry to record this depreciation includes debiting the Depreciation Expense account and crediting the Accumulated Depreciation account with the same amount.

For more such questions on depreciation

https://brainly.com/question/1203926

#SPJ11

which person has a comparative advantage in the production of tacos, and which person has a comparative advantage in the production of cakes?

Answers

Without additional information, it's impossible to determine who has a comparative advantage in the production of tacos and cakes.

To figure out who enjoys a relative benefit in the development of tacos and cakes, we really want to look at the open door expenses of creating every thing for two people.In the event that Individual A can deliver tacos at a lower opportunity cost than Individual B, then, at that point, Individual An enjoys a similar benefit in the creation of tacos.

On the off chance that Individual B can create cakes at a lower opportunity cost than Individual A, then, at that point, Individual B enjoys a relative benefit in the development of cakes.Without knowing more data about the two people's abilities, assets, and time requirements, it's difficult to figure out who enjoys a relative benefit in the creation of tacos and cakes.

To learn more about advantage in production, refer:

https://brainly.com/question/17202118

#SPJ4

seller amy wants arkansas licensee kevin to represent her as a listing agent, and she wants to waive some agency duties. how can she do this?

Answers

To waive some agency duties, Seller Amy and Arkansas Licensee Kevin should create a written agreement that outlines the specific duties she wishes to waive.

Both parties must review and sign the agreement to ensure mutual understanding and consent.

When a seller hires a real estate agent to represent them in a transaction, the agent is typically bound by certain legal duties known as agency duties. These duties include loyalty, obedience, disclosure, confidentiality, and reasonable care and diligence.

However, in some cases, the seller may wish to waive certain duties for various reasons, such as to avoid potential conflicts of interest or to have more control over the transaction.

If Seller Amy and Arkansas Licensee Kevin wish to waive some agency duties, they should create a written agreement that clearly outlines which duties are being waived and why. This agreement should be reviewed and signed by both parties to ensure mutual understanding and consent.

The written agreement should clearly state which specific duties are being waived and under what circumstances.

For example, Seller Amy may wish to waive the duty of confidentiality for certain information that she wants to disclose to potential buyers. The agreement should also include any limitations or conditions on the waiver of duties, such as a time limit or specific transaction terms.

To learn more about agreement, refer below:

https://brainly.com/question/24572146

#SPJ11

during march, a firm expects its total sales to be $158,000, its total variable costs to be $94,800, and its total fixed costs to be $24,800. the contribution margin for march is:

Answers

A company anticipates total revenues of $158,000 for the month of March, total variable costs of $94,800, and total fixed costs of $24,800. The March donation margin is $63,200.

The contribution margin measures the profit your business gets on each sale after deducting the variable cost of the product being sold. A contribution margin can be expressed as a ratio or a proportion.

Companies can determine how much money is available to cover fixed expenses, such as salaries, rent, or utilities, by calculating this margin.The variable expenses per unit can be subtracted from the selling price to obtain your contribution margin. Let us run through a brief scenario to show how this operates.

Suppose you own a company that manufactures pastries.

Learn more about costs here:

https://brainly.com/question/30045916

#SPJ4

what is the theory of constraints? provide some examples of possible constraints for a manufacturer.

Answers

The Theory of Constraints (TOC) is a management methodology that emphasizes the importance of recognizing and addressing constraints in achieving organizational objectives.

Examples of possible constraints for a manufacturer:Machine capacity: The capacity of machines to produce goods may be limited, resulting in a production bottleneck.Raw materials: A manufacturer may encounter a shortage of raw materials, causing delays and increased costs for obtaining and transporting the necessary resources.Workforce capacity: Limited workforce capacity may cause delays and quality control issues, resulting in a backlog of orders and customer dissatisfaction. It may be due to a shortage of skilled workers or lack of training and supervision.Poor process flow: Process flow issues can cause a manufacturer to waste resources, time, and money. Poor process design, inefficient scheduling, or inadequate maintenance of equipment are common issues.Supplier capacity: Suppliers may have limitations in their capacity to deliver products or materials on time, which can impact a manufacturer's ability to fulfill customer orders.Quality issues: Quality issues can cause rework, repair, or recalls, which can be costly and time-consuming for a manufacturer. The quality issues can be due to the suppliers, the manufacturing process or employees, and others.

According to the theory, constraints limit an organization's potential to achieve its objectives by causing bottlenecks, delays, and inefficiencies. As a result, organizations must identify, prioritize, and eliminate constraints to increase throughput and efficiency.

Learn more about Theory of Constraints (TOC) here: https://brainly.com/question/29855938

#SPJ11

a company handles an apartment building with 70 units. experience has shown that if the rent for each of the units is $1200 per month, all the units will be filled, but 1 unit will become vacant for each $20 increase in the monthly rate. what rent should be charged to maximize the total revenue from the building if the upper limit on the rent is $1360 per month?

Answers

The rent that should be charged in order to maximize overall revenue is $1,300 based on the number of apartments in the apartment, the rent for each unit, and the rise in the monthly rate.

A $1200 rent per unit is assumed. However, if a unit is vacated, the monthly rent will increase by $20. Considering that x represents the quantity of vacant units, the total rent would be as follows:

= 1200+ 20x

Total revenue :

= (total units - vacated units) x Monthly rent

= (70 - x) x (1200 + 20x)

= 84,000 + 1, 400x - 1, 200x + 20x²

Differentiating we get :

dR / dx = 200 - 40x

The greatest number of rental units that can be vacated in order to maximize overall revenue is:

= 200 / 40

= 5 units

The total rent that must be charged in order to maximize total revenue is thus:

= 1200 + 20 (5)

= $1,300

Learn more about maximizing total revenue : brainly.com/question/22665811

#SPJ4

jojo's portfolio's return is 12 percent. she is invested in cisco and ibm which had returns of 15 percent and 9 percent respectively. what percentage of jojo's assets are invested in each firm?

Answers

The Percentage of jojo's assets are invested in each firm D. Unable to determine with the data provided

Jojo's portfolio's return is 12 percent. she is invested in cisco and IBM which had returns of 15 percent and 9 percent respectively. The Percentage of Jojo's assets  invested in each firm is 50%.

To determine the percentage of Jojo's assets invested in each firm, we can use the weighted average formula for her portfolio's return:

Portfolio Return = (Weight of Cisco * Return of Cisco) + (Weight of IBM * Return of IBM)

Given the information, we have:

12% (Jojo's portfolio's return) = (Weight of Cisco * 15%) + (Weight of IBM * 9%)

Let's represent the Weight of Cisco as x, and since the combined weights should equal 100%, the Weight of IBM would be (1-x).

Now, we can rewrite the equation as

12% = (x * 15%) + ((1-x) * 9%)

To solve for x, follow these steps:

1. Multiply the percentages with the respective weights:
12% = (0.15x) + (0.09 - 0.09x)

2. Combine the terms with x:
12% = 0.06x + 0.09

3. Subtract 0.09 from both sides:
3% = 0.06x

4. Divide by 0.06:
x = 0.5 (or 50%)

Now we know that 50% of Jojo's assets are invested in Cisco, which means that the remaining 50% are invested in IBM.

In conclusion, Jojo has 50% of her assets invested in Cisco and 50% of her assets invested in IBM. This balanced allocation results in a 12% return on her overall portfolio. Therefore the correct option is D.

The Question was Incomplete, Find the full content below :

JoJo's portfolio's return is 12%. She is invested in Cisco and IBM which had returns of 15% and 9% respectively. What percentage of JoJo's assets are invested in each firm?

a. 40% in Cisco and 60% in IBM

b. 50% in Cisco and 50% in IBM

c. 30% in Cisco and 70% in IBM

d. Unable to determine with the data provided

Know more about Portfolio Return here:

https://brainly.com/question/20388601

#SPJ11

any employee not under a formal contract as part of their employment is considered to be a(n) blank employee. multiple choice question.

Answers

Any employee not under a formal contract as part of their employment is considered to be at-will employee.

An at-will employee is a worker who does not have a formal contract with their employer and can be terminated at any time, with or without cause, as long as the reason for termination is not illegal.

This means that the employer has the right to terminate the employment relationship at any time, and the employee has the right to quit at any time, without any legal consequences. In the United States, most employees are considered at-will unless they have a written employment contract that specifies otherwise.

To know more about employee, here

brainly.com/question/29803023

#SPJ4

--The complete question is, any employee not under a formal contract as part of their employment is considered to be _____________--

Other Questions
Audrey's mother bought a dozen muffins. There were4 blueberry muffins, 4 chocolate chip muffins, and 4banana nut muffins in the box. Audrey's mother ate achocolate chip muffin. What is the probability thatAudrey will randomly select a blueberry muffin if shechooses after her mother?A) 1/3B) 4/11C) 3/11D) 1/12Please answer the warm-up through the poll button. ind the x-intercept and y-intercept of the line.=+6x4y21Write your answers as exact values. Do not write your answers as ordered pairs.x-intercept: y-intercept: Pls help ill offer 13 points determine the total force and the absolute pressure on the bottom of a swimming pool 24.0 m by 8.5 m whose uniform depth is 1.8 m. (b) what will be the absolute pressure against the side of the pool near the bottom? give me an example question a key control concern is that certain people within an organization have easy access to applications programs and data files. the people are: I need the answer pls help A circular spinner from a board game is divided into 8 equal sections. What is the measure of the inner angle (with the vertex at the spinner) of one of the sections? the recession of 2007-2009 had its origins in the multiple choice question. housing industry. automobile industry. export sector. 1) One week the price of gas dropped by $0.05 per gallon. Steven travels 37 miles each way to work and her car travels 30 miles on each gallon of gas. What were his total savings over a 5 day work week. a(n) is a collection of code that has been written by someone else that is ready for you to use in your program. on january 1, kaden company had a cash balance of $50,000. kaden has a policy of maintaining a cash balance of at least $10,000 at the end of each month. how much must kaden company plan to have in its loan balance in april? operating expenses 127,000 67,000 92,000 120,000 remembering where you were when president kennedy was shot or when the attack on the world trade center occurred is an example of vanguard financial services employs thousands of consultants who serve their clients. each consultant is fully trained to company standards in an attempt to minimize , which is the fact that quality of services depends upon who provides them and when, where and how. group of answer choices variability perishability intangibility exclusivity inseparability justice clarence thomas's dissenting opinion in the virginia v. black supreme court case concerning cross-burning argued that cross-burning is a legislature has to determine the level of military spending for the next year. the status quo is $600 billion, but as a result of some political maneuverings too complicated (and implausible) to explain here, the legislature has adopted zero-based budgeting for military spending. the ideal point of the median committee member is $700 billion and the ideal point of the median legislator is $550 billion. everyone has symmetrical preferences. this legislature operates under a closed-rule committee system. what will the committee do? lauren is planning a speech on home decorating. her main points are as follows: 1. choosing the right colors 2. selecting furniture and decor 3. adding different textures 4. organizing and arranging which organizational pattern is lauren using? Select the two values of x that are roots of this equation x^2+2x-6=0 Vers le Brevet12) Lisez le texte puis rpondez aux questions.Et prenant la fleur de cassie qu'elle avait la bouche, Carmen me la lana, d'un mouvementdu pouce, juste entre les deux yeux. Monsieur, cela me fit l'effet d'une balle qui m'arrivait...Je ne savais o me fourrer, je demeurais immobile comme une planche. Quand elle fut entredans la manufacture, je vis la fleur de cassie qui tait tombe terre entre mes pieds; jes ne sais ce qui me prit, mais je la ramassai sans que mes camarades s'en aperussent etje la mis prcieusement dans ma veste. Premire sottise !Deux ou trois heures aprs, j'y pensais encore, quand arrive dans le corps de garde unportier tout haletant, la figure renverse. Il nous dit que dans la grande salle des cigaresil y avait une femme assassine, et qu'il fallait y envoyer la garde. Le marchal me dit de10 prendre deux hommes et d'y aller voir. Je prends mes hommes et je monte.Prosper Mrime, Carmen, 1847,GRAMMAIRE ET COMPTENCES LINGUISTIQUES1. sorte de mimosa801. Quel est le temps dominant du rcit dans les lignes 1 6 ? Relevez les verbes l'appui de votrerponse.2. Dans les lignes 1 6, relevez deux verbes exprimant l'antriorit et prcisez leur temps.3. a. Soulignez les verbes du texte au prsent de l'indicatif : qu'exprime le prsent dans les lignes1 6?b. dans les lignes 7 10 ?4. Quel commentaire pouvez-vous faire sur l'emploi du prsent dans ce passage?Le prfututerm-leliveinLToje Find the difference.