As a result, we must record a $2,250 bad debt expense.
Companies can choose to book up front a percentage of credit sales (e.g., 3% annually) based on historical patterns and book an allowance for doubtful accounts of this amount in order to account for credit sales that may never be collected.
Applying the allowance method is a breeze in this case.
We have 246,000 sales.One percent of these are thought to be uncollectible.
To put it another way, the new balance for the allowance for debtful accounts is 2,460, or 1% divided by 246000.
We currently have a $210 balance.As a result, we must book a bad debt expense to add the difference to the allowance.
2460 x 210 = $2,250 We must therefore record a $2,250 bad debt expense.
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the baxters are looking at a $425,000 home. they have $90,000 in savings to use as a down payment. what loan type(s) would likely be the best option for them?
Conventional people act or think in a way that is typical and expected.
What else does the word "conventional" mean?
The terms formal, ceremonious, and ceremonial are frequently used synonyms for conventional.Even though "marked by attention to or adhering strictly to prescribed forms" is the meaning of these words, "conventional" can also mean "according with general custom and usage" and "may suggest a stodgy lack of originality or independence."ordinary politeness.
What is an illustration of a conventional?
These things are always depicted using standard signs and symbols. These are small cups with typical eagle, lion, and griffin designs that have been deeply and crudely cut out.
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your research group conducted a bi-variate correlation analysis in spss using our auto concepts study and the results are attached to this question. based on this correlation analysis examining these lifestyles and the desirability for the 5 seat economy gasoline automobile, which lifestyle(s) possess a strong or very strong relationship to the desirability of this vehicle and therefore would be the best segment to market this vehicle? (hint: look for lifestyle(s) with a pearson correlation coefficient that range between .60 and 1.00!)
Correlation and Regression area unit the 2 variable distribution-based analyses. A variable distribution is termed multiple variables distribution.
Correlation is represented because the analysis permits the U.S.A. to understand the connection between 2 variables, 'x' and 'y' or the absence of it. On the opposite hand, the multivariate analysis predicts worth|the worth} of the variable supported by the familiar value of the experimental variable, presumptuous that there's a median relation between 2 or additional variables.
The term correlation may be a combination of 2 words, 'Co' (together), and the relation between 2 quantities. Correlation is once it's discovered that an amendment in an exceedingly unit in one variable is retaliated by the same amendment in another variable, i.e., direct or indirect, at the time of study of 2 variables.
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Explain why firms in a monopolistically competitive market may be able to charge slightly different prices while prices will be identical in a perfectly competitive market.
Firms in a monopolistically competitive market may be able to charge slightly different prices while prices will be identical in a perfectly competitive market because the former has many small buyers and many sellers, has no barriers, and has differentiated products while the latter has restrictions on exit and the demand-supply outputs and inputs are perfectly elastic.
A market that is monopolistically competitive combines the characteristics of monopolies and perfectly competitive markets, however monopolistic enterprises are nevertheless allowed to set their own prices because they create differentiated products from their competitors.
In monopolistic competition, businesses can charge whatever the public is willing to pay for their products, and they also want as many customers as possible to perceive that their products and services are superior to those of competing firms.
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If the government levies a $5 tax per ticket on buyers of nfl game tickets, then the price paid by buyers of nfl game tickets would?.
The price paid by buyers of NFL games will increase by less than $5
A tax is a mandatory charge imposed on products and services by the government or a government agency. Taxes drive up a product's cost and both the buyer and the seller are required to pay the taxes as it is a compulsion imposed by the govt. The price of the ticket would rise by less than $5 if a $5 tax were imposed on them. Both buyers and sellers would be responsible for the $5 tax. The burden of the tax would fall mostly on the party with the less elastic demand and supply.
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select all that apply though it may undermine the concept of comparing a constant basket of goods, the bls occasionally updates the items in the cpi market basket. why? multiple select question. the bls is interested in maintaining a market basket excluding the most current goods and services. to capture the cost of a certain standard of living. to satisfy the internal revenue service. to more accurately measure the types of goods and services that are available in a given period.
The BLS occasionally updates the items in the CPI market basket. Market basket excluding the most current goods and services. A market basket is a carefully chosen mix of goods and services that measures the performance of a particular market or segment.
The Consumer Price Index (CPI) is a typical market basket that offers an estimate of inflation based on the average change in price paid for a certain basket of goods and services over time. Housing, education, recreation, food and beverage, fashion, transportation, health care, and other goods and services are examples of main categories that may be included in a market basket.
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jacqueline worked at the telephone-sales office. she called 15 people before someone purchased her product. then she called 10 people and the 10th bought what she was selling. when she started again, the fifth person she called bought it. what schedule is she working under thus far? (you need to give the schedule value too)
The schedule is she working under thus far is vr 10.
What is vr schedule?A schedule for reinforcement that rewards a behaviour after a random number of responses is known as a variable ratio schedule. High and consistent response rates are produced by this kind of schedule. The belief that the subsequent response might be the one required to receive reinforcement motivates organisms to respond repeatedly.
A review of your work by your employer: Does your boss visit your office a few times during the day to see how things are going? A schedule with variable intervals would look like this. You never know when these check-ins will take place because they happen at erratic times.
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in order to protect its domestic industry, mexico might assess a tax on canned tuna that is imported from other countries. this tax is an example of .
The tax is an example of a tariff.
In an effort to raise prices and diminish the appeal of native goods and services, governments put tariffs on goods and services imported from other countries. particularly anti-competitive for locally produced goods and services. While reducing consumer surplus in the import market, import taxes increase surplus in exporting countries.
Import taxes lower the surplus in the exporting country and increase the producer surplus in the import market. Tariffs are designed to protect domestic businesses by raising the price of competitors' products. Tariffs can raise consumer costs and hurt regional businesses in related industries. Mexico might impose a tax on imported canned tuna to save its native economy. This charge is a tariff.
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According to the course materials, which of the following is the single largest contributor to the probability that a firm will end up in financial distress?Broad economic conditionsThe firm’s industryThe amount of leverage in the firm’s capital structureThe competence of the firm’s management
The single largest contributor to the probability that a firm will end up in financial distress according to course materials is C. The amount of leverage in the firm’s capital structure.
What leads to financial distress?A company is said to be financial distress when it does not have enough money to cover its operational and otherwise needs. This often happens when a company has borrowed too much and therefore exhausted the credit facilities it had.
This means that the single largest contributor to financial distress in the future of a firm is the amount of leverage that it has in its capital structure. More leverage increases the probability of financial distress.
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your company wants to have greater success online. what are two ways that ads can drive your business goals
Your company wants to have greater success online and the two ways that ads can drive your business goals are, boosting the conversions by connecting to buyers at the moment that matter and maximizing exposure by reaching a wider audience.
Conversions are crucial for online business as they allow to identify the customers who are interested in the products. It ensures whether the marketing funnels are working for desired results or not. It analyses what the customers look for, the source of the traffic to the website, stages where customers face the problem, and other leads. It identifies whether the website works properly or not.
Ads also maximize the exposure of the online business and help reach a wider audience. It helps in reaching the target audience by displaying ads to selected customers. It promotes the business by using various formats.
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a burger restaurant advertises that its new 1/2 pound cheeseburger is bigger and cheaper than its competitor's. it also touts that it is open 24 hours a day, while its competitor closes at 10pm. which principle of mcdonaldization does this exemplify?
The burger restaurant exemplifies the principle of the Calculability of McDonaldization.
The term "McDonaldization" was introduced by American sociologist George Ritzer to describe the late 20th-century trend of rationalizing consumption, work, and manufacturing. The main notion is that these components have been modified to reflect the efficiency, calculability, predictability and standardization, and control of a fast-food restaurant and that this modification has repercussions on every part of society.
McDonaldization gave rise to the idea that if a consumer receives a huge quantity of a high-quality product in a short period of time, it must also be high-quality. This makes it possible for people to compare how much they pay with how much they receive.
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The country of nemedia does not trade with any other country. its gdp is $20 billion. its government collects $4 billion in taxes and pays out $3 billion to households in the form of transfer payments. consumption equals $13 billion, and investment equals $2 billion. what is the value of the goods and services purchased by the government of nemedia? a. $17 billion b. $3 billion c. $19 billion d. $5 billion
The total of the goods and services purchased by the government of nemedia is $5 billion. It can be calculated by subtract the GDP with total government investment and also consumption.
In economic and business, Gross domestic product or known as GDP generally can be defined as a monetary measure of the market value of all the services and also final goods produced and sold in a specific time period by countries.
The calculation:
Gross Domestic Product (GDP) = private consumption + gross private investment + government investment + government spending + (exports – imports)
Government purchase of Goods and services = GDP - Investment - Consumption
Government purchase of Goods and services = $20 billion - $ 13 billion - $2 billion
Government purchase of Goods and services = $5 billion
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Your organization’s network has multiple layers of security devices. When you attempt to connect to a service on the internet. However, you receive a security message from the operating system stating that this service is blocked on your workstation. What could be the probable cause?.
A security message from the operating system stating that this service is blocked on your workstation results due to the probable cause of the host-based firewall settings are blocking the service.
In the field of computers, a firewall can be described as management software that does not allow any unauthorized access to a computer. A host can make a firewall setting according to the security required in his systems. A firewall will block a service that is considered a threat to the system.
In order to connect to a service in your workstation, you will need to contact the host or manager of the workplace to open the services for your system.
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balin recently lost his job as a dog trainer because of a recession. he is seeking a new job, but his prospects appear dim until the economy recovers. based on this description, balin is best described as:
Balin, a dog trainer lost his job due to recession. He is looking for a new job, but there is no luck until the economy recovers. Hence, he is Balin cyclically unemployed.
Give a brief account on cyclical unemployment.Cyclical unemployment is the amount of overall unemployment that is specifically brought on by periods of economic expansion and contraction. Typically, unemployment rises during recessions and falls during expansions. Reducing cyclical unemployment during recessions is one of the primary motivations for studying economics and the goal of the numerous policy options employed by governments to stimulate the economy.
Cyclical unemployment is defined by economists as the situation that arises when firms don't have enough demand for labor to hire all those who are looking for work at that particular stage of the business cycle. The corporation will release any employees who are no longer required, which will result in their unemployment.
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terrence corporation plans to sell 37,000 units of its single product in march. the company has 2,400 units in its march 1 finished-goods inventory and anticipates having 2,000 completed units in inventory on march 31. on the basis of this information, how many units does terrence plan to produce during march?
40,600 units does terrence plan to produce during march that is the total required units equals anticipated sales units plus ending inventory.
What is a production budget?The production budget establishes the volume of manufactured goods that must be produced throughout the budget period. The number or product unit determines this budget. Many other budgets are expressed in monetary terms rather than in terms of values.
In order to allocate enough resources to produce the necessary number of product units, managers must carefully consider the predicted sales for the upcoming fiscal year. Moving average is one of the approaches used to calculate the sales prediction.
Units needed in total are 41,000 plus 2,400.
43,400 units are required in total.
Units to be generated equal Total Units Needed - Starting Inventory
Units to be produced: 2,800 less than 43,400
40,600 units must be produced.
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the ceo of jnl corporation has been recently awarded 10,000 stock options. what are some factors that may influence the value of these options? multiple select question. the dividends paid by jnl in the past number of months to expiration the exercise price of the stock options the volatility of jnl stock
The CEO of JNL corporation has been recently awarded 10,000 stock options. some factors that may influence the value of these options are
the exercise price of the stock options; the volatility of JNL stock; number of months to expirationWhat are stock options.?Generally, A stock option is a contract between two parties that gives the buyer the right to purchase or sell underlying stocks at a defined price and within a certain time period.
This right is granted in exchange for payment at a price that has been decided in advance.
An individual who sells stock options and receives compensation in the form of a premium from the contract that is subsequently bought by another individual is known as an option writer.
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the american system included support for all of the following policies except: group of answer choices high tariffs high prices for western lands internal improvements free public schools a national bank
Free public schools, Public schools are free for students in kindergarten through grade 12 in high school.
Public school is free in the United States:
The free school movement, often referred to as the new schools or alternate schools movement, was a 1960s and early 1970s American education reform movement that sought to alter the goals of formal schooling through alternative, autonomous community schools.
Free schools are a sort of academy that are managed by nonprofit organizations rather than the local government (council) and are not permitted to operate for financial gain. They receive funding from the federal government and are given a variety of liberties, including the ability to innovate in their instruction, whether that means emphasizing STEM courses or adopting a different method of instruction.
If they have the required capacity and capability, anyone may seek to establish a free school. Applications must indicate how the concept will satisfy crucial conditions, such as how there is a proven demand for the positions the school would serve and how the school will be financially viable while offering a diverse and balanced curriculum.
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in learning from market segmentation practices, how do you know if the segmentation has splintered the market into too many segments that are too small? conversely, how do you know if the segments are too big and perhaps should be broken into more segments that are smaller?
In market segmentation practice, we can check if each segment possesses unique and distinctive characteristics. We can say segmentation is perfect when there is no overlap in unique features of each segment or we need a separate strategy for each and every segment.
A marketplace is an area wherein buyers and dealers can meet to facilitate the trade or transaction of products and services. Markets may be physical like a retail outlet, or digital like an e-keep. one-of-a-kind examples consist of unlawful markets, auction markets, and monetary markets.
It refers to the whole area of operation of demand and supply. in addition, it refers back to the conditions and commercial relationships facilitating transactions amongst shoppers and sellers. therefore, a market signifies any affiliation wherein the sale and buying of merchandise take vicinity.
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a machine with a cost of $174,000, accumulated depreciation of $107,000, and current year depreciation expense of $28,000 is sold for $57,600 cash. the amount that should be reported as a source of cash under cash flows from investing activities is:
Zero using the direct approach; expense for depreciation of $28,000 using the indirect method.
What is the Statement of Cash Flows' Operating Section?Operating, financing, and investing are the three main activities that make up the statement of cash flows. The company's primary operations are the source of the net cash inflow that is reported in the operating section of the statement of cash flows.
All transactions that result in cash inflows and outflows are reported according to the direct method of the statement of cash flows. Since none of the amounts in the transaction resulted in cash inflows or outflows as a result of the primary operations of the business, none of them would be included in the statement of cash flows that would have been reported using the direct method.
In contrast, the indirect method of preparing the statement of cash flows starts with net income and is adjusted for non-cash items like depreciation expense and the movement of current and non-current liabilities to determine the amount of cash flows from operating activities.
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Which type of life insurance is the better option, term or whole life? explain your answer.
Answer:
Explanation:
Is whole life better than term life insurance? Whole life provides many benefits compared to a term life policy: it is permanent, it has a cash value investment component, and it provides more ways to protect your family's finances over the long term.
Conflicts between two mutually exclusive projects occasionally occur, where the npv method ranks one project higher but the irr method puts the other one first. In theory, such conflicts should be resolved in favor of the project with the higher irr.
Conflicts between two mutually exclusive projects occasionally occur, where the NPV method ranks one project higher but the irr method puts the other one first is a False statement.
What two initiatives are mutually exclusive?Capital projects that compete head-to-head are said to be mutually exclusive. Projects X and Y are said to be mutually exclusive, for instance, if a management must choose precisely between completing either project X or Y, but not both of them simultaneously.
Hence, The more net cash a project creates for the company, the higher the expected IRR is and the more it exceeds the cost of capital. In this instance, the project appears to be profitable, and management should move forward with it.
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See full question below
Conflicts between two mutually exclusive projects occasionally occur, where the npv method ranks one project higher but the irr method puts the other one first. In theory, such conflicts should be resolved in favor of the project with the higher irr. True or false
stephanie knows that she needs to include information in the controls section of the marketing plan about what the company will do if the initial marketing strategy it has planned does not garner the results the company wants. this information is known as the
The steps the company must take to achieve the marketing goals it set in its mission statement and strategic planning are listed in the marketing strategy component.
Greater market share, stronger brands, and increased profits are all possible outcomes of a successful marketing strategy.
What is a plan for marketing?
document that describes the promotion and marketing efforts made to achieve one or more marketing goals for a specific time period and defines the target market.
What is the least important component of a marketing strategy and why is it so important?
The most essential component of any marketing strategy is situational analysis. The entire section provides an overview of the business as well as its products and/or services, as well as a summary of the sector, a SWOT analysis, and competition.
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red offers to pay sari to deliver certain documents within thirty minutes. sari can accept the offer only by completing the task within the deadline. if she does, red and sari will have a. a bilateral contract. b. a void contract. c. a unilateral contract. d. an executive contract.
Red promises to compensate Sari if she can provide specific documents in thirty minutes. Sari can accept the offer only if she completes the assignment by the deadline. Red and Sari will have a unilateral contract if she does. Thus, the right option is (c.) a unilateral contract.
What is a unilateral contract?In contrast to the more usual bilateral contract, a unilateral contract is a sort of agreement in which one party (also referred to as the offeror) makes an offer to another person, organization, or the general public.
A unilateral contract would look like this: "I will pay you $1,000 if you transport my automobile from Cleveland to San Francisco." Acceptance is demonstrated by bringing the automobile. Normally, the distinction is sole of academic relevance.
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companies that are created by congress to provide a public good or service to citizens because a private enterprise cannot provide that good or service profitably are known as .
Profitably are known as make them independent of political pressure, particularly from the president. Income and expenses are used to determine profitability. Income is money that the firm makes through its operations.
For instance, money is made when livestock and crops are raised and sold. Nevertheless, money that enters the company through actions like borrowing money does not generate profitability. A business's capacity to generate a return on an investment based on its resources in comparison to an alternative investment Income is another definition of profitability. The proportion of a company's income to its expenses is known as its profitability.
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What was the name of the series of letters written to convince the states that ratifying the constitution was the right decision?.
The series of letters were known as the Federalist Papers. The Federalist Papers were a series of essays written by Alexander Hamilton, James Madison, and John Jay to persuade the states to ratify the constitution. The essays were published in New York City newspapers from October 1787 to May 1788.
The Federalist Papers were a series of letters written to convince the states that ratifying the constitution was the right decision. The papers were written by Alexander Hamilton, James Madison, and John Jay, and they argued that the constitution would protect the rights of the people and provide for a strong central government. The papers were published in 1787 and 1788, and they played a significant role in convincing the states to ratify the constitution.
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when a new product or service is launched, what type of pricing strategy attempts to attract customers quickly by offering a very low price at first?
A penetration strategy is one that attempts to attract customers quickly by initially offering a very low price. Thus, the correct answer is the Penetration strategy.
What is a Penetration strategy?A penetration strategy is a bold marketing approach that tries to build a significant market share for a new product. Marketers will provide a cheap price and conduct sales campaigns to increase the product's desirability. This strategy's goal is to convince clients to acquire the new product, therefore generating a market for it.
If customers are price sensitive, the penetration technique will work. The new cheap pricing will entice customers to buy. If the corporation later raises the price to generate a profit, demand may fall. The product must be of excellent quality for this technique to function. In the medium term, competitors may cut the pricing of their products, resulting in price wars.
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what are two characteristics of the digital marketspace? multiple select question. electronic images and offerings ability to use all of one's senses face-to-screen exchange relationships material environment with physical facilities
Electronic images and offerings & face-to-screen exchange relationships are the two characteristics of digital marketspace.
The digital marketspace is a rapidly growing and evolving marketplace that offers businesses and consumers a vast array of goods and services. This marketplace is characterized by its ease of access and its global environment.
Consumers and businesses can connect with one another instantaneously and without barriers, making it a highly efficient and effective way to conduct business. Businesses can reach a larger audience more easily and can conduct transactions more quickly and efficiently.
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having as many as possible is the objective of inventory turns. group of answer choices true false
The answer is false. The number of times a company's investment in inventory is recovered over the course of an accounting period is measured by inventory turns.
A high number often denotes improved sales effectiveness and a reduced chance of stock loss. By dividing a company's cost of sales, or cost of goods sold (COGS), by the average value of its inventory for the same time period, inventory turnover calculates how well a company accounting uses its inventory. For the majority of sectors, a reasonable inventory turnover ratio is between 5 and 10, which means that you should sell and replenish your inventory every one to two months.
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absolute liability to pay a negotiable instrument, subject to certain universal or real defenses is known as . group of answer choices secondary liability signature liability warranty liability primary liability
Primary liability, subject to certain universal (actual) defenses, is the whole obligation to pay a negotiable instrument.
A responsibility for which a party is alone accountable is referred to as primary liability. As opposed to primary liability, secondary liability refers to a duty that falls under the purview of another party in the event that the primary party is unable to fulfill it.
This coverage's primary objective is to safeguard you against the harm that may be caused to another driver's property or well-being on the road.
A person who has primary liability for a negotiable instrument is legally obligated to pay the instrument upon presentation, barring any legitimate defenses. The only parties liable in the first instance are manufacturers and acceptors.
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the dwindling supplies of rare metals such as indium, tantalum, and platinum may be extended if we rigorously . group of answer choices relax environmental requirements for mining recycle existing supplies reduce demands for social and economic justice increase demand for the products in which they are used exploit known deposits more efficiently
The dwindling supplies of rare metals such as indium, tantalum, and platinum may be extended if we rigorously recycle existing supplies.
Recycling is the process of converting waste into fresh resources and goods. The healing of power from waste substances is often included in this idea. The recyclability of a fabric depends on its ability to reacquire the homes it had in its original country. it is an alternative to "conventional" waste disposal that may shop fabric and help decrease greenhouse fuel emissions. it is able to additionally prevent the waste of potentially beneficial substances and reduce the intake of clean uncooked substances, reducing power use, air pollutants (from incineration), and water pollution (from landfilling).
Recycling is a key factor of modern waste reduction and is the 1/3 element of the "lessen, Reuse, and Recycle" waste hierarchy. It promotes environmental sustainability by putting off uncooked cloth entries and redirecting waste output in the monetary gadget. There are a few ISO standards related to recycling, consisting of ISO 15270:2008 for plastics waste and ISO 14001:2015 for environmental control manipulation of recycling practice.
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lgcc enterprises is considering introducing a new cell phone, the x-7. they estimate they will sell 10,000 x-7s next year at a retail price of $590. of the 10,000 x-7 sales, 3,000 would be from customers that would have purchased lgcc's current x-6 model, which retails for $350. what incremental sales revenue should lgcc use in their analysis of the x-7?
The incremental sales revenue that should lgcc used in their analysis of the x-7 is 4,050,000
According to the given question and given data,
Next year sales = 10000*510 = 5100000
Previous year sales = 3000*350 = 1050000
Incremental sales = 5,100,000-1,050,000 = 4,050,000
Incremental sales measure the efficiency of a marketing or sales promotion campaign. The difference between the sales made during a promotion and the sales you would have made if there would have been no promotion. Incremental sales in business means a gradual increase which can increase depending on ad expenditure and all.
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