The net realizable value of receivables appearing on Kincaid's Year 2 balance sheet will amount to $22,090.
Solution: Account Receiveables = 73,200-1900
= 71,300
Account Receivables. after allowence=71,300-(3400-1900)
=71,300-1500
=$69,800
Cash Collectable Credit sales =201000 - 2010 198,990
Cash Collected =246700
Receivable Value appearing in Balance sheet =(69800+ 198990) 246,700
=$22,030
The Kincaid Group is a collection of family-run companies with a hub in the Kansas City region and branches all over the Midwest and beyond. The group started out in the student transportation industry in 1974 but has since grown to include businesses in the motor coach, ready mix, auto dealership, IT, and digital security sectors.
In Year 2, Kincaid reported credit sales of $176,000, wrote down $1,550 in receivables as uncollectible, and received $203,300 in cash from receivables. Kincaid anticipates it to be The issue has been fixed! You'll receive a thorough response from a subject-matter expert that aids in the understanding of fundamental ideas.
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Please help and read carefully, I attached everything that should be helpful
I attached some examples from the book
what is an example of a brief statement to get across a message for a staycation advertisement
Based on the marketing strategy ideas, an example of a brief statement to get across a message for a staycation advertisement is "Brainly Night In is available at multiple hotels worldwide, with 60% off parking and other local perks."
What is Staycation Advertisement?Staycation Advertisement is a term that is considered a buzzword to define the advertisement of the period or location in which an individual or family lives at home and takes part in leisure activities within day trip distance of their home without overnight accommodation.
Some other examples of Staycation advertisements include the following:Brainly Home is offering a cheap resident rate to entice American travelers to come to Chicago.Brainly offers London residents a hotel staycation package with a "kids eat free" package.Brainly New York has a hotel staycation package to attract domestic travelers within the city.Hence, in this case, it is concluded that various enticing staycation advertisement companies could use to entice customers.
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What requirements must exit routes meet?
Select the 5 answer options that apply.
Exit to an outside area
All emergency signs should be red
Do ufficient for the number of naanla nonding to avit during n
All emergency signs should be red and Exit to an outside areaa are the requirements must exit routes meet. Hence, option A and B are correct.
What are emergency signs?Directions to or the location of emergency facilities are provided via emergency signage Exits, First Aid, Safety Equipment etc. These signs have a white emblem or lettering on a green background.
Green, yellow, red, and blue indicate first aid, emergency exits, prohibitions, and fire safety, whereas red and yellow indicate warnings. The psychology behind these signs may indicate safety, instruction, or danger depending on the color.
Thus, option A and B are correct.
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All emergency signs should be red which requirements must exit routes meet. The correct option is A.
What are exit requirements?In most cases, a workplace must have at least two exit routes to allow for the prompt evacuation of employees and other inhabitants in the event of an emergency. If the number of employees, size of the building, or layout of the workplace make it impossible for employees to evacuate safely, more than two exits are required.
Exit routes must be sufficiently signposted, exit to the outside area, be unlocked, and be large enough to accommodate the number of people who need to exit during an emergency.
Thus, the ideal selection is option A.
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Case study
Cross-Cultural Issues at Marico
Imagine that you have recently been hired as a human resources consultant by a Canadian multinational enterprise (MNE) called Marico. Marico designs, manufactures and sells commercial airplane engines and fuselages worldwide. It currently has over 1,000 employees in its three locations, including 500 at its global headquarters in Canada, 300 at a manufacturing plant in the U.S., and now over 200 at its newest manufacturing plant in Mexico.
The firm is having problems communicating and sharing its corporate values and policies with its newest employees in Mexico. The only experience Marico has had in opening a new subsidiary prior to Mexico was in the U.S., where corporate values and policies were taken up by American employees with little difficulty. The problems in the Mexican plant seem to center around poor communications between the managers, who are mostly Canadian, and its new employees, who are mostly from Mexico.
“We want our corporate culture to be the same everywhere,” explains Marico’s CEO, Mr. John Woods, to you over lunch. “We want everything we do in Canada to be the accepted, standard practice across all of our locations, but that just doesn’t seem to be getting across to our employees in Mexico.” John continues by telling you that all new employees are trained in Marico’s corporate culture via discussions with their managers and corporate brochures/reading materials. He says that his Canadian managers in Mexico are frustrated with the Mexican workers’ abilities to learn Marico’s culture and that, as a result, productivity at the plant has been negatively impacted.
You investigate the issue by speaking with managers and employees at the new subsidiary in Mexico. The managers complain that employees at the new plant do not speak their mind very often, and often seem to stress harmony with each other over learning Marico’s culture. Managers are also frustrated that staff meetings frequently start late due to the lateness of employees. The employees, who are younger than their managers on the average, are frustrated that they are not told exactly how to do their tasks; instead, they are told to read their employee manuals for guidance. They are concerned that Marico’s managers are too impatient with them about learning the policies. They feel they have been left to their own devices to figure out how things work, which often causes them to stay late at work. What is more, staying late on their shifts often causes them to be late for staff meetings, where they are often berated by managers for not acting like “good Canadian employees”. After your examination you become convinced that the problem Marico is experiencing relates to culture, and you prepare your report accordingly.
CASE QUESTIONS
Select one of Hofstede’s five cultural dimensions to explain to Marico’s the main differences between Marico’s Canadian HQ and its Mexican subsidiary in terms of culture. Explain why you selected this dimension as the primary source of the problem between the Marico HQ and its Mexican plant.
In your opinion, what are three ways that Canadian managers could demonstrate higher intercultural competence at Marico’s Mexican subsidiary?
From the case study, there are three factors from Hofstede’s five cultural dimensions that immediately become apparent to the Hofstede Specialist.
Time Orientation issuesIndividualism over CollectivismUncertainty Avoidance issues.Let's look at Time Orientation. In some cultures, time for meetings or events is just an approximation. For other cultures, it is an exact science. The reason why I am picking this is that this issue was explicitly mentioned with regard to lateness to staff meetings.
The way in which Canadian Managers could demonstrate higher intercultural competence is by first demonstrating an understanding of empathy of the issue. Next is that they must now initiate an orientation program for all Mexican employees and not just assume that they know the Canadian or Marican culture.
What is Hofstede’s five cultural dimensions?Hofstede investigated national cultures by identifying five distinct dimensions, which are: power distance.
Avoiding uncertainty.Individualism-collectivism.Masculinity-femininity.Time management.Symbols, language, conventions, values, and artifacts are the primary components of culture. Language facilitates efficient social interaction and determines how individuals perceive concepts and objects.
However, Schermerhorn and Bachrach (2017) add that Hofstede cautioned against acting on the incorrect assumption that a generic cultural value applies to all members of a certain culture in the same way.
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What are three ways the credit card industry makes money off of custom
The three ways the credit card industry makes money off of custom is by reward redemption fees, cash processing fees, and cash advance fees.
The credit card companies tend to make money from the credit card cardholders in several ways. Credit card companies make money from interest, processing fees, reward redemption fees, and the fees charged to individual cardholders.
Here, it's not only cardholders who have to pay to use credit cards. The merchants also pay for the privilege in order to accept credit cards at their businesses.
Hence, when a cardholder carries a balance on a credit card, they are typically charged interest in exchange for being able to borrow the money.
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Henry spent $550 to make 800 ceramic bowls to sell. What is the $550 he spent called? cost loss revenue profit
COST
LOSS
REVENUE
PROFIT
Answer: Cost.
Explanation:
He spent that money on materials to create a product. That is a cost. If he sold those bowls and $550 is what he made, it is revenue. If he sold the bowls and paid his costs and the new total came out to $550, that is profit. If he priced his bowls too high and spent money on materials that then made him no money, that is a loss of $550 (the total of the materials gone to waste).
Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible budget performance report showing
variances between budgeted and actual results. (Indicate the effect of the variance by selecting favorable, unfavorable, or no
variance.)
Sales (units produced and sold)
Sales (in dollars)
Variable costs
Fixed costs
For Month Ended May 31
Sales
Variable costs
Contribution margin
Fixed costs
Income
Fixed Budget
1,380
$ 1,200 per unit
$ 480 per unit
$ 152,000
LEWIS COMPANY
Flexible Budget Performance Report
Flexible Budget Actual Results
(1,580 units) (1,580 units)
Variances
Actual Results
1,580
$ 1,961,000
$ 799,000
$ 140,000
Favorable/Unfavorable
Sales were favorable in the given budget.
Variable expenses were unfavorable in the given budget.
Contribution margins were Favorable.
Income was Favorable.
Fixed budget was Favorable.
This is how budget performance would look like.
What is budget performance?
A performance budget is one that reflects both the input of resources and the output of services for each unit of an organization. The goal is to identify and score relative performance based on goal attainment for specified outcomes.
Performance indicators include:
It’s relevanceCost-effectivenessComparabilityRepresentativeHence, this is how budget would be decided on basis of being favorable or unfavorable.
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1.) Name two alphabetic arrangements of subject records storage.
2.) Explain how the two arrangements are alike and how they differ?
Answer:
1.) An alphabetic listing of all subject titles used in the filing system
2.) Titles on the master index are used for filing and retrieving records
Which statement best summarizes the role of households in the flow of
goods?
( B. Households sell products created in product markets.
C. Households act as consumers for goods made by businesses.
product and resource markets.
SUBMIT
O A. Households provide natural resources to businesses.
•
• D. Households trade goods between
Businesses produce goods that are used by households.
Who are the consumers among households?The final consumers of the goods and services produced by the businesses are the households. According to their tastes and preferences, they create demand in the market. The businesses supplied and produced goods in response to customer demand. As a result, a nation's production line is determined by its households.
What positive effects does a business have on families?To run a business, workers are needed, and business owners, managers, and employees also have families. In return for labor, the business pays wages, which increase household income.
What are five examples of services and goods?Automobiles, household goods, and clothing are examples of goods. Legal advice, housekeeping, and consulting are examples of services. A company's output may fall somewhere in the middle of these two ideas. A landscaping company, for instance, might offer a homeowner a service and sell them a tree as a product.
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On December 31, Westworld Incorporated has the following equity accounts and balances. Preferred Stock $ 7,000 Retained Earnings $ 45,000 Common Stock 1,000 Paid-In Capital in Excess of Par Value, Common Stock 39,000 Treasury Stock 2,000 Paid-In Capital in Excess of Par Value, Preferred Stock 3,000 Prepare the stockholders’ equity section of Westworld’s balance sheet.
Stockholders equity sectionPaid in the capital Common stock$1,000Additional paid-in capital in excess of par value-Common
What is capital?The capital is a city where a region's system of rules is located. This is where government constructions are and where government leaders work. A region can be determined as a nation, state, province, or another political unit.
stock$39,000$40,000 Preferred Stock$7,000Additional paid in capital in excess of par value-Preferred Stock$3,000$10,000Total Paid-in capital$50,000Retained earnings$45,000Total Paid-in capital and Retained earnings$95,000Less:Treasury stock-$2,000Total Stockholder's equity$93,000
Therefore, the stockholders’ capital equity section of Westworld’s balance sheet. Stockholder's equity$93,000
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How do you think businesses and unemployment link?
The demand for goods and services decreases as the economy weakens. As a result, companies consider firing workers. Unemployed workers do not have enough money to purchase necessities, which further affects the revenue for enterprises.
How does unemployment affect local businesses?Businesses will suffer immediately from this decline in economic activity. Many households will have lower incomes as a result of higher unemployment. As a result of individuals spending less, many firms will see a decline in sales. But when unemployment is higher, demand for particular goods and services will rise.
A form of unemployment known as cyclical unemployment is brought on by insufficient overall spending (or by insufficient aggregate demand). The recessionary period of the business cycle is to blame for the unemployment. Businesses respond by producing less when there is less overall demand. Production and employment both decline.
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What is the Earned Income Credit (EIC) and how does it work? How does one qualify for this credit?
The Earned Income Credit (EIC) is a tax credit that could lessen your federal tax liability or give you money back at tax time. No matter if you're single, married, or have kids, you are still eligible for the credit.
The primary prerequisite is that you must have a job that pays money
What is the Earned Income Credit (EIC)?Working low-income families receive assistance through the earned income tax credit. From the first dollar of earnings until the credit is fully repaid, the credit is equal to a fixed percentage of earnings.
Therefore, Any federal taxes you owe at tax time may be cancelled out by the credit. You receive the difference in your tax refund if the amount of the EITC is greater than what you owe in taxes. Even if you don't owe income tax, you may still be eligible for a refund provided you meet the requirements.
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In Gert Jan Hofstede’s interview of his father Geert Hofstede, Geert defines Power Distance as the __________ relationship or distance between the person at the top (in a higher organizational position) and the person below (in a lower organizational position).
Geert defines power distance as the observed relationship or distance between the person at the top (in a higher organizational position) and the person below (in a lower organizational position).
What do we known as Power distance?Basically, a power distance describes how people belonging to a specific culture view power relationships such as superior/subordinate relationships between the people including the degree that people not in power accept that power is spread unequally.
The term "power distance" is one of the dimensions of Geert Hofstede's cultural dimensions theory but the other dimensions include individualism, masculinity, uncertainty avoidance index and long-term orientation.
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Who could benefit from these price controls?
Answer:
Consumers and the government could benefit from price controls.
Explanation:
Edmentum/Plato
bridle inc. issues $300,000, 10-year, 8% bonds at 98
debit ($) credit($)
Cash 294,000
Discount on BP debit 6,000
To Bonds payable 300,000
(to record issuance of bonds)
What is Bond ?
Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental).
A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower. Companies, municipalities, states, and sovereign governments utilize bonds to finance operations and initiatives. Bondholders are the issuer's debtors or creditors.
Explanation
We over 100 times the face value by the issuance quote.
300,000 x 98/100 = 294,000
The difference will therefore be seen as a discount because the bonds were issued for less than their face value.
300,000 - 294,000 = 6,000
Following the debit of the discount to bring the bonds payable to their carrying value of $294,00, we will debit cash for the amount collected.
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Which sector would make the most sense for someone who intends to create their own line of apparel and handmade jewelry?
1.) Tech Product
2.) Education
3.) Physical Product
4.)Service
Answer:
3
Explanation:
Physical Product
Kara categorized her spending for this month into four categories: Rent, Food, Fun, and Other. The
amounts she spent in each category are pictured here.
Food
$356
Other
$533
Rent
$444
Fun
$267
What percent of her total spending did she spend on Food? Answer to the nearest whole percent.
Enter an integer or decimal number [more..]
27.75% percent of her total spending did she spend on Food for this month .
Total spending = Rent + Food + Fun + Other
= 356 + 444 + 533 + 267
= $1600
Percentage spending on rent can be given as =
= (Money spent on rent)*100 / (Total money spent)
= 444 * 100 / 1600
= 27.75%
Calculating a percentage involves dividing an item by its sum and multiplying the result by 100. (Value/Total Value)100% is the formula used to determine percentages.
A certain portion or quantity in every hundred is referred to as a percentage. The fraction is denoted by the sign "%," and its denominator is 100.
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A company wants to use the allowance method to account for bad debts. You are assigned to explain to the company the different methods it can use to estimate bad debts.
By debiting the allowance for doubtful accounts (ADA) and crediting the accounts receivable, the allowance method records the uncollectible and written-off amounts. The ADA is subtracted from the accounts receivable to arrive at the net realizable value (NRV).
What is net realizable value?A valuation approach called net realizable value (NRV), which is popular in inventory accounting, takes into consideration the total amount of money an asset can bring in from sales less an estimate of the charges, fees, and taxes related to that sale or disposal.
NRV is calculated as expected selling price minus total manufacturing and selling expenses. Use $35 for the value and the projected selling price, for instance, if a business lists things for $50 but anticipates that they will only sell for a discount of $35.
The cash sum that a corporation anticipates receiving is known as net realizable value (NRV). Consequently, net realizable value is also known as cash realizable value. The terms "net realizable value" and "current assets" are frequently used in relation to inventory and accounts receivable.
Inventory should be recorded at the lower of its cost or the amount at which it can be sold, according to the lower of cost or net realizable value principle.
The predicted selling price of an item less the costs associated with its completion, sale, and transportation is its net realizable value.
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Illustrate the effect the quantity change in tomato juice has on the market for tomato
Tomato demand rises as a result of an increase in sales of tomato juice. Price rises, which raises the surplus of producers.
What effects do price changes have on supply and demand?Two fundamental economic principles combine to form the law of supply and demand, which explains how changes in the price of a resource, commodity, or product affect its supply and demand. Supply rises while demand decreases as the price rises. On the other hand, as the price falls, demand rises while supply decreases.
When prices rise, what happens to demand?This is what economists call the Law of Demand. The quantity demanded decreases when the price rises, but demand stays the same. Quantity demanded rises when the price decreases.
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. A company wants to use the allowance method to account for bad debts. You are assigned to explain to the company the different ways it can use to estimate bad debts.
Answer:
The anwser is a
Explanation:
I got it right on my test
1.) Why is subject records management considered an indirect filing method?
2.) In your own words, describe the storage and retrieval process for subject filing.
3.) How do the alphabetic and encyclopedic arrangements differ?
A variant of alphabetic filing called subject filing arranges documents according to subjects or groups rather than by the names of people or companies. Records are organized using numerical filing systems.
Describe the subject filing's storage and retrieval procedure.An alphabetical system of storing and retrieving records by subjects or topics is known as subject records management. Related documents are kept together under designated subject categories using this method.
Finding or locating outdated information, such as legal documents, account records, medical records, or insurance records, can be done through the process of records retrieval. For instance, if you manage a small business, you will produce a lot of data or records for your company or your employees.
How are the encyclopedic and alphabetical arrangements different?
All subjects are listed alphabetically behind A-to-Z primary guides in the dictionary arrangement. The encyclopedic arrangement arranges the primary subjects alphabetically, followed by the subdivisions of the primary subjects in alphabetical order.
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5 differences between
large
and small office in a tabular form
The 5 differences between the large and small office in a tabular form are discussed below.
So there are many differences between a large office and a small office in a tabular form. As, here the major difference among them is not just limited to there size, but it also different in many legal formalities and as well as the finance support which they tend to be capable of.
So, when there is a big office, then it tend to mean that there are many more additional facilities as well as the large business structures which also tend to contribute here.
Hence, the physical size and the nature of large offices are bigger than in small offices.
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Home > My Courses > BUS211 Baldrige Princip
Question 2
Select one:
O
Not yet answered
O
O
Points out of 1
You will check whether the "Idea is viable" during which phase?
A. Idea Generation and Mobilization
B. Advocacy and Screening
C. Experimentation
D. Commercialization
P
Flag questic
The third phase of the above-described stages should be used to assess the company's viability. This stage is of making business arrangement where you will actually want to really look at feasibility of thought.
The concept should be able to be made into a product. At this stage, marketing, financial, and other operational feasibility can be evaluated.
As a result, the feasibility of an idea can be assessed during the creation of a business plan.
What is a business plan's feasibility study?A controlled process for determining objectives, describing situations, defining successful outcomes, and evaluating the range of costs and benefits associated with several solutions to a problem is referred to as a business feasibility study.
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Prior to Christine day’s arrival. What was the culture or Lululemon?
Help me fast!
Prior to Christine Day's arrival, the thing that was the culture of Lululemon was that, it was an ordinary athletic wear company.
Christine tends to share lessons from her extraordinary career, while also discussing the importance of a brand's purpose to its employees. So, in an interview with Retail TouchPoints, Bentz who is the CEO of Lululemon who stated that Lululemon "has to sustain its core business, as well as that very committed consumer group."
Here, as a developing company, Lululemon will be moving on to the next phase without Christine Day, and perhaps with one of its most important assets here.
Hence, for Lululemon, Christine Day served as a port in the storm.
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Rooms booked well in advance may receive a lower rate than those rooms booked at
the last minute. What term best refers to this concept?
ADR
Orack rate
yield management
accounting services
Answer:
Explanation:
The answer is c. 200 rooms
You are the manager of a monopoly. Your analytics department estimates that a typical consumer’s inverse demand function for your firm’s product is P = 200 – 20Q, and your cost function is C(Q) = 80Q.
a. Determine the optimal two-part strategy pricing strategy.
b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?
A two-part pricing strategy is one that could be realistic or possible for a monopolist or a firm operating in a very imperfectly competitive market.
Specifically, the firm would be selling a homogeneous product to a more-or-less homogeneous clientele with similar demand curves.
What is a per-unit price?Unit pricing is a pricing method by which buyers can evaluate the actual costs of products. A unit price is the price per unit of the product, which can be evaluated for any product, irrespective of how made. Unit pricing has important applications both in the corporate world and in consumer economics.
Therefore, the correct answer is as given above.
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Can Twin Creeks demand specific performance from JVC?
In the case of Twin Creeks vs JVC, specific performance would not be considered in the instance of Twin Creeks and JVC since the subject of the contract, cassettes, is not unique.
What is Specific Performance in Law?Specific performance is a remedy used by courts when no alternative remedy, such as money, is available to appropriately recompense the other party.
Put differently, a contractual remedy in which the court requires one party to execute its commitment as precisely as feasible since monetary damages are insufficient to repair the loss. Most typically ordered in real estate and unusual chattels situations.
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One way to ease the burden of managing a business is to hire an outside consultant.
Which of the following is an example of an outside consultant that might be useful
to a small interior design company?
1)
a company to mail its brochures to building contractors within a 200 mile
area
2) an advertising company to design its ad in the local newspaper
3) a certified public accountant to manage its money
4) an attorney who is well-versed in small business law
5) all of the above
The following is an example of an outside consultant that might be useful to a small interior design company all of the above.
How may the strain of running a business be lessened?Hiring external consultants is one technique to lessen the load of running a corporation. A good certified public accountant (CPA) is essential for almost all small businesses since they can assist with tax planning, financial decision-making, and record-keeping.
What is a business plan used for most frequently?You can recruit new company partners or secure money with the use of a business plan. Investors will feel more assured that they will get their money back if one is in place. Your business plan will be the instrument you employ to convince people that collaborating with you (or investing in your venture) is a wise move.
Who is someone who starts a business at risk in order to make money?An entrepreneur is a person who decides to start their own company based on a concept they have or a product they have developed, taking on the majority of the risks and enjoying the majority of the advantages.
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Question 12
What are the tools used to implement fiscal policy?
The authorities possesses essential economic gear for influencing the economic system. These gear may be divided into spending gear and sales gear.
The required details for Fiscal coverage in given paragraph
Fiscal coverage" refers to selections the U.S. authorities makes approximately spending and gathering taxes and the way those coverage adjustments have an effect on the economic system. When the authorities makes monetary selections, it has to don't forget the impact the ones selections may have on companies, consumers, overseas markets, and different involved entities. Alternate definition: Fiscal coverage additionally refers back to the financial motive at the back of the selections for a way the cash is used. For example, governments can decrease taxes and lift spending to reinforce the economic system if needed; typically, they spend on infrastructure initiatives that create jobs and earnings and social programs.
Or, if the economic system is doing well, a central authority can lessen spending and boom taxes. Businesses create sufficient jobs at those instances so officers can lessen the quantity spent on items and offerings from the personal sector.
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Question 1 (1 point)
Listen ▶
Consider a society consisting of only three people: Adam, Beth, and Chad. All three
workers spend all day making clothing and food. At the start of each day, Chad tells
each worker how many hours to devote to production of each good. The "basic
economic question" that Chad is answering for this society is the
The "basic economic question" that Chad is answering for this society is the distribution decision.
What is distribution decision?All choices made in the distribution process guarantee the timely provision of goods and services to the final customer. In supply chain management, downstream and upstream processes are the two primary operations. In contrast to the downstream process, which focuses on getting the product to customers, the upstream process gathers raw materials for manufacture. Decisions regarding distribution are made later in the process. We frequently associate distribution with the delivery of tangible goods like clothing, produce, and baked goods; nevertheless, distribution also affects services (including consultancy, dry cleaning, and digital content). Online distribution gives businesses the chance to reach a wider audience, but it also confronts many of the same challenges as physical distribution, such as picking the best product for sales or turning prospects into customers. Deciding on distribution channels is a key step in distribution.
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