Year 1 = 35.23 days
Year 2 = 44.64 days
What are net sales?Net sales are calculated by deducting appropriate sales returns, allowances, and discounts from gross revenue. Net sales costs have an impact on a company's gross profit and gross profit margin, but net sales exclude the cost of goods sold, which is typically a key driver of gross profit margins.Net sales are operating revenues obtained by a corporation for selling its products or performing its services in bookkeeping, accounting, and financial accounting. They are recorded directly on the income statement as Sales or Net sales and are also known as revenue.So, Days' Sales Uncollected = Accounts receivable / Net Sales * Days
Year 1 = $64,000 / $663,000 * 365 days = 35.23 days
Year 2 = $91,000 / $744,000 * 365 days = 44.64 days
Therefore,
Year 1 = 35.23 days
Year 2 = 44.64 days
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The question you are looking for is here:
Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivable follow Year 1, $64,000; and Year 2, $91,000. Complete the below table to calculate the days' sales uncollected at the end of each year.
Days' Sales Uncollected
Choose Denominator: / Choose Numerator: * Days = Days' Sales Uncollected
Year 1: days
Year 2: days
Blossom Company issued $440,000 of 4%, 20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1.
The journal entry for the given record is as below:
January 1, 2022
Bonds Payable Debited 440,000
Cash Credited 440,000
What is journal entry?A journal entry is the act of recording any transaction, whether one that is economic or not.An journal entry that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry. The amount of the debits and credits must be equal in order for the journal entry to be declared balanced.Depreciation or bond amortization are examples of recurring items that can be recorded in journal entries. Accounts payable normally has its own subledger that indirectly impacts the general ledger, and journal entries are frequently filed using a different module in accounting software.To learn more about Journal entry with the given link
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Question:
Blossom Company issued $440,000 of 4%, 20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1. Blossom Company uses straight-line amortization for bond premium or discount.
Prepare the journal entries to record the following event.
The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.
With free trade, that is, assuming no tariff, the outputs produced by domestic and foreign producers would be:_______.
The Correct 1 unit and 15 units are the outputs produced by domestic and foreign producers with free trade assuming there is no tariff.
What is a free trade?This refers to an international business policies that occurs when goods and services can be bought and sold between countries without tariffs, quotas or other restrictions being applied.
This policy tends to increase the volume of international trade among member countries and also allow them to increase their specialization in their respective comparative advantages.
Hence, in the graph given, the Correct 1 unit and 15 units are the outputs produced by domestic and foreign producers with free trade assuming there is no tariff.
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Myron has written a report discussing his company’s latest project, and he has several visuals that relate to specific sections of the document. ideally, where should he place these visuals?
He should place the visuals in the vicinity of the locations where they are addressed in the document.
Which of the following guidelines should be followed when selecting visuals for a document?
Look for complex information that can be understood through a graphic display.
Which of the following are the two types of orientation for visuals?
Portrait and landscape orientation are the two most popular styles.
The word "portrait orientation" refers to the proportions employed to capture a person's face and upper body in a photograph; in such photos, the height of the display area is greater than the breadth. It originates from the language of visual art. The camera's position in a horizontal display is typically referred to as being in "landscape orientation."Learn more about the visuals :https://brainly.com/question/13017963
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Zach company previously recorded receiving $1,000 cash in advance. Zach company has earned ½ of the amount. the adjusting entry would be:______.
A. Prepaid Rent 2,700
Rent Expense 2,700
B. Rent Expense 2,700
Prepaid Rent 2,700
C. Rent Expense 900
Prepaid Rent 900
D. Prepaid Rent 900
Rent Expense 900
The correct adjustment entry will be:
Prepaid Rent Dr. 900
To Rent Expense 900
An adjustment entry is one that is created to properly allocate each accounting period's income and expense amounts.
In order to ensure that the financial accounts at the end of the year are correct and current, it updates previously recorded journal entries. The matching principle is a requirement in accounting that you must follow. According to the matching principle, revenue is recognized when it is earned and costs are recognized when they are incurred.
Making adjusting entries allows you to correctly and timely record company transactions. But only the accrual basis of accounting is covered by this theory. Adjusting entries are not necessary if your company uses the cash basis technique.
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On monday, foster deposits in his account at guaranty bank a local check for $500. after 5:00 p.m. on friday, from these funds, foster can withdraw no more than?
You can withdraw $ 200 the very next business day and rest of the remaining $ 300 on the second business day from the date of deposition of the check. On friday foster can withdraw the whole of the amount no more than deposited on monday that is $500.
Generally, if you deposit check for 200$ to a bank one can access the full amount the very next business day, whereas if the amount exceeds more than $ 200 you can partially withdraw it from the account and rest on the second business day.
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How much would you pay (today) for a $500,000 growing perpetuity that begins in 1 year. Assume the annual discount rate (I/Y) of 5.5% and a 1.00% annual growth in the perpetuity payment that you will receive. Round your answer to the second decimal place.
We must pay $ 11,111,111.11 for a $500,000 growing perpetuity that begins in 1 year.
A perpetuity is an annuity that has no quit, or a movement of coins payments that continues all the time. There are few real perpetuities in lifestyles. for example, the UK government issued them in the past; these have been known as consols and have been all finally redeemed in 2015.
One example of a perpetuity is the United Kingdom's authorities bond referred to as a Consol. Bondholders will acquire annual constant coupons (interest bills) so long as they keep the amount and the authorities do no longer stop the Consol.
Perpetuity is conventionally mentioned in the commercial enterprise international as protection or bond that will pay for an endless quantity of time inside the destiny. To try and apprehend perpetuity, one is first had to understand annuity because perpetuity is a form of annuity that lasts all the time into perpetuity.
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An IRS category of corporation that is treated like a partnership for tax purposes, avoiding taxation of corporate profits and subsequent taxation of dividends to shareholders, is called a(n) .
An IRS category of corporation that is treated like a partnership for tax purposes, avoiding taxation of corporate profits and subsequent taxation of dividends to shareholders ,is called a(double taxation)S corporations.
What Is an S Corporation?
S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income at the entity level.
To be an S Corporation, your business first needs to be set up as a corporation by filling and submitting documents like the Articles of Incorporation or Certificate of incorporation to the appropriate government authority, along with the applicable fee.
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Betsy wants to determine if the types of products advertised on television vary depending on the time of day. Which type of archival research approach should she employ in this scenario
Betsy should employ content analysis type of archival research approach in this scenario.
Content AnalysisThe existence of particular words, topics, or concepts in a given set of qualitative data can be found by using the research tool of content analysis. The presence, significance, and connections of such specific words, themes, or concepts can be quantified and examined using content analysis. To check for bias or partiality, for instance, academics can assess the language used in a news piece. The meanings included in the texts, as well as their authors, readers, and even the culture and time period in which they were written, can all be inferred by researchers. Almost any instance of communicative language can be used as a source of data, including interviews, open-ended inquiries, field study notes, dialogues, and open-ended questions. For the sake of analysis, a single study may examine numerous textual genres.
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Concerning the six-step process of personal selling, which step is described as: using a referral or calling on a customer without prior notice to determine interest in the product?
Identifying the prospective buyer is the correct answer.
Identifying prospective buyer, establishing contact and a relationship with the buyer, presenting product to the buyer and demonstrating its uses and benefits, convincing customers about the product by efficiently handling objections from customers, negotiating the price and terms of payment, and finally receiving orders are all part of the personal selling process.
It is a series of activities that must be completed in order to successfully obtain an order and begin building long-term buyer relationships. The activities are applicable to all types of selling and can be tailored to most sales situations.
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The 7.5 percent preferred stock of Rock Bottom Floors is selling for $60 a share. What is the firm's cost of preferred stock if the tax rate is 35 percent and the par value per share is $100
The firm's cost of preferred stock is (C) 8.93%.
What are preferred stocks?Preferred stock (also known as preferred shares, preference shares, or simply preferreds) is a type of share capital that can include any combination of attributes not found in common stock, such as the characteristics of both an equity and a debt instrument, and is thus considered a hybrid instrument. Preferred stocks are senior (i.e., higher ranking) to common stock but subordinate to bonds in terms of the claim (or rights to their share of the company's assets, provided such assets are payable to the returnee stock bond) and may have priority over common stock (ordinary shares) in dividend payment and liquidation.To find the firm's cost of preferred stock:
Rp = (.075 × $100)/$84 = .0893,
= 8.93%
Therefore, the firm's cost of preferred stock is (C) 8.93%.
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Complete question:
The 7.5 percent preferred stock of Rock Bottom Floors is selling for $84 a share. What is the firm's cost of preferred stock if the tax rate is 35 percent and the par value per share is $100?
(A) 10.79 percent
(B) 8.13 percent
(C) 8.93 percent
(D) 7.50 percent
(E) 9.14 percent
The industry-low, industry-average, and industry-high benchmarks for the costs per branded pair sold in each geographic region (including production costs, shipping, import tariffs, and exchange rate adjustments), distribution and warehouse expenses per branded pair sold, and marketing expenses per branded pair sold that appear on p. 7 of each issue of the Footwear Industry Report
Are worth careful scrutiny by the managers of all companies because
-are worth high and careful scrutiny by the managers of all companies in the industry. This is because when the benchmarks signal that the operating data for a company is out of line or do not meet expectations, the managers have to take corrective actions.
If you want to know how your company compares to your competitors, you can find the answer in Industry Benchmarks. Benchmarks are industry standards or guidelines for key financial metrics. Basically, they represent the average of key figures collected from many different companies and sorted by industry.
Key Business Ratios provides online access to benchmark data. It provides 14 key business metrics including solvency, efficiency and profitability metrics for over 800 types of companies organized by industry categories.
In this way, we can define three kinds of benchmarks: process, performance, and strategy. Process benchmarking is comparing the steps of your operation to those established by others.
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In a market-oriented economy, private firms will undertake most of the _____________________________, and ________________ should seek to avoid a long series of large budget deficits that might crowd out such investment. economic growth activities; monetary policy economic growth activities; fiscal policy investment in human capital; monetary policy investment in physical capital; fiscal policy
In a market-oriented economy, private firms will undertake most of the investment in physical capital, and fiscal policy should seek to avoid a long series of large budget deficits that might crowd out such investment. This is further explained below. Option D is correct.
What is the investment?The majority of investments in physical capital will be carried out by private companies in an economy that is oriented toward the market. As a result, the goal of economic policy should be to prevent an extended period of substantial budget deficits, which might discourage such investments. This will be discussed in further detail below.
In conclusion, The definition of an investment is an asset that is purchased or invested in with the intention of accumulating wealth and saving money from the hard-earned income or appreciation of the asset. To earn an extra source of income or make a profit from an investment over a certain amount of time is the primary intent of most people when they undertake investing activities.
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In the theory of perfect competition, the assumption of easy entry into and exit from the market implies:_____.
The assumption in perfect competition that there is an easy entry and exit from the market implies that firms will make a zero economic profit in the long run.
Why do firms make a zero economic profit?In a pure competition, companies are allowed to freely enter and leave.
They take advantage of this to enter a market when prices are high and economic profit is being made.
As more firms enter, the economic profit keeps decreasing as prices decrease until this profit gets to zero and then turns to economic losses.
At this point, some firms will leave the market to stop making losses. When they do, the supply will decrease which leads to prices rising once more.
The cycle will then repeat itself and keep the companies at a zero economic profit in the long run.
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Accounts payable, notes payable, and bonds payable are all common ______. multiple choice question. categories of assets liability accounts owners' equity accounts categories of cash flows
Accounts payable notes payable, and bonds payable are all common categories of asset liability. Option A
This is further explained below.
What is asset-liability?Generally, Your balance sheet may be broken down into its most basic form, which is comprised of only two sections: assets and liabilities. Your company's assets are the things it possesses that have the potential to offer an economic advantage in the future. Your obligations to other parties are referred to as your liabilities. In a nutshell, assets are what placed money in your wallet, while liabilities are what took money out of your pocket.
In conclusion, A typical kind of asset obligation includes accounts payable, notes payable, and bonds due. Choice A
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When you use money to purchase a new car, money serves as a: double coincidence of wants. medium of exchange. store of value. unit of account.
Answer:
medium of exchange. since it is being offered in exchange for the car
When you use money to purchase a new car, money serves as medium of exchange. Hence, option B is correct.
What is a medium of exchange?A system or instrument that serves as a middleman in exchanges of products between parties is known as a medium of exchange. In modern economies, money is the main medium of exchange.
The vast majority of forms of money, including as fiat money, cryptocurrencies, representational money, and commodity money, are grouped under the category of mediums of exchange. Digital tokens and physical items like coins and bills are the most prevalent types of representational and fiat money.
As trading mediums, money and currency are employed. They allow effective commerce and boost exchange-related activities, which makes them crucial for a strong economy.
Thus, option B is correct.
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1. In what ways are boundaries and money management related to deep core needs?
I feel as though it speaks to trust in your relationship. If you are able to communicate boundaries and come up with what works for you and your spouse, you will gain that trust. With trust you also gain safety and security in a relationship.
The processes of setting up a budget, saving money, making investments, and spending are all examples of money management. The phrase can also be used to refer more specifically to portfolio and investment management.
Money management, sometimes known as investment management, is the process of keeping track of expenses, investing, setting a budget, banking, and assessing taxes on one's money. A strategic approach to managing money is to ensure that every dollar spent generates the maximum possible return on investment.
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Job order cost systems assign costs to: none of these answer choices. both custom jobs and mass produced products. similar products that are mass produced. specific (e.g. custom) jobs.
specific (e.g. custom) jobs
Systems for assigning costs to specific (such as custom) jobs in job orders
Job order cost - The cost of manufacturing each product is calculated using the job order technique of pricing. This costing method is typically used when the producer has to determine the cost of performing a specific task while producing a number of items that differ from one another.
The profitability of a job can be ascertained via job order costing. It aids the business in estimating the cost of the materials, labor, and overhead that will be incurred when carrying out that specific job. Effective job order costing enables businesses to provide quotations that are affordable enough to be appealing to customers while maintaining a profit margin.
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Hugh is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in Saudi Arabia! He is also a very hard worker, and is willing to work a lot of hours to make the kind of money he wants. Hugh should most likely look for the kind of job that is paid
The type of Job that Hugh has to look for should be the one that can pay him by commission.
What is a commission?This is the money that a person is paid after they have brokered a deal. The commission is the money.
This is the service charge that Hugh is going to charge to his clients whenever he helps them.
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If direct materials per unit are $20, direct labor per unit is $10, variable overhead per unit is $2, and fixed overhead per unit is $1, total product cost per unit is:_________ $
If direct materials per unit are $20, direct labor per unit is $10, variable overhead per unit is $2, and fixed overhead per unit is $1, total product cost per unit is $33.
What is the cost?The term cost refers to the actual money are spent on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are added to identify the cost.
The direct cost of the product can be computed by adding the costs of all direct materials, all direct labor, and all overhead charges of the manufacturing process.
According to the given the cost are;
direct materials per unit are $20
direct labor per unit is $10
variable overhead per unit is $2
fixed overhead per unit is $1
total product cost per unit is ?
total product cost per unit is 20 + 10 + 2 + 1
total product cost per unit is 33
As a result, direct materials per unit are $20, direct labor per unit is $10, variable overhead per unit is $2, and fixed overhead per unit is $1, total product cost per unit is $33.
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England and France produce cheese and bread. England has a competitive advantage in cheese production.
France has a competitive advantage in bread production. If England places a trade embargo on France, what is
likely to happen with cheese and bread production in each country?
O England will produce more bread and France will produce more cheese.
O England will produce more cheese and France will produce more bread.
O England will produce more cheese and France will produce less bread.
O England will produce less bread and France will produce less cheese.
If an embargo is placed by England on France, England will produce more bread and France will produce more cheese.
What is a comparative advantage?
A country has comparative advantage in production of a good if it produces at a lower opportunity cost when compared with other countries. Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
A country that has a comparative advantage in the production of a good should produce that good and import the goods for which it does not have a comparative advantage in its production.
If an embargo is placed, countries would not be able to trade so they would have to increase the production of goods they would have otherwise imported.
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After salesperson Danny O'Reilly has made a sale, he asks his customer if she knows of anyone else who might also be interested in buying his products. Referrals such as these are one method used in ________.
After salesperson Danny O'Reilly has made a sale, he asks his customer if she knows of anyone else who might also be interested in buying his products. Referrals such as these are one method used in Projecting. This is further explained below.
What is Projecting?Generally, A sales forecast is an estimate of how much money a firm intends to make in the future. Essentially, it's the same thing as predicting how much money will be made in the future.
In conclusion, Immediately after Danny O'Reilly closes a deal, he asks his consumer whether she knows anybody else who would be interested in purchasing his wares as well. Using references like this is a common technique in Projecting.
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If the price of hockey pucks goes up from $7.99 to $14.99, what can be expected from suppliers of hockey pucks as a result?
If the price of hockey pucks increase, the supplier of hockey pucks would increase the quantity supplied of hockey pucks.
What happens when the price of hockey pucks increase?
The law of supply states that when the price of a good increases, the quantity supplied increases and when price falls, the quantity supplied falls. This shows that price and quantity supplied are positively related. This is the reason why the supply curve is positively sloped.
So, when the price of hockey pucks increase, the quantity supplied increases also.
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The Board of Directors has voted to add a new product line. Casey's department will be directly responsible for implementing the changes. Casey identifies a project team to take the lead. Does Casey's project team have a role in the decision
No, because the decision has already been made by the Board of Directors.
More about directors and decision making:
The board's decision-making process is divided into two stages: communication and decision-making. Each director decides whether to incur a cost to communicate his information to others during the communication stage. At the decision-making stage, all directors take actions (e.g., vote) based on their private information and information inferred from the discussion, and the board makes a collective decision. Directors may have conflicts of interest and thus prefer a decision that is not in the best interests of the shareholders. Directors may also have a preference for conformity and thus incur a loss if their actions differ from those of other directors, such as voting differently than the majority.
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A group of similar products that differ only in relatively minor characteristics is called a?
A group of similar products that differ only in relatively minor characteristics is called a product line. A product line cam be defined as a group or set of similar products manufactured and sold under a one brand name and a same company.
A single organisation can have different product lines. Product line can vary from color, size, type, prize and so on. For example - Coca-cola company sells juices of various flavors like mango, orange, guava etc. under a single brand name Minute Maid and under a same company Coca-cola.
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What is the correct process for setting up a recurring project for the same client?
Create a project
Go to Work, then select Create project. The Create project panel appears.
Fill out the fields.
(optional) If you want your project to recur at specific intervals, switch the repeat button, then set the interval, day of the recurrence, and end time.
Select Save.
The practice management function in QuickBooks Online Accountant, which you can access from the Work menu, includes projects. By selecting the button in the top right corner, a new project can be started.
By doing so, the drawer for creating projects is opened, allowing you to enter the necessary information. The Repeat switch has been included at the right as part of this release to set up recurring projects
When this option is turned on, a new group of fields for the project will appear. With the option to choose an end date, you can decide how frequently this recurring projects will be repeated. Remember that the recurrence is connected to the Due date that you choose. The Weekly, Monthly, or Yearly option is the first field in Repeats. Whichever of them you select will determine the possibilities that come next.
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In the long run the most important factor that shifts the aggregate supply curve is?
In the long run, the most important factor shifting the SRAS curve is productivity growth.
What do you mean by productivity growth?
Productivity—in economic terms—is how much output can be produced with a given quantity of labor. One measure of this is output per worker, or GDP per capita.
Since 1947, the U.S. corporate sector has been able to create nine times more goods and services with only a little increase in labor hours thanks to productivity gains. An economy may create and consume more goods and services for the same amount of effort when productivity is growing.
Productivity is a way of thinking and a condition of being. Being effective entails acting in every situation as we actively choose to and not as we feel pressured to by external factors. Being productive requires adopting a mindset of constant development.
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________ is committed to persuading followers to share a leader’s vision and desired goals.
Transformational is committed to persuading followers to share a leader’s vision and desired goals.
A transformational leader is someone who: Supports followers' positive growth and motivation. sets an example for moral behavior within the company and inspires others to do the same. creates a work atmosphere that is morally sound and has defined priorities and norms.
Transformational leaders are adept at inspiring and motivating their teams to act in ways that result in substantive change. A successful staff that is empowered to innovate and contribute to an organization's future success is the outcome.
According to the leadership theory of transformational leadership, a leader collaborates with teams or followers beyond their immediate self-interests to identify needed change, develop a vision to guide the change through inspiration and influence, and carry out the change with the help of devoted group members.
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A _______________ list consists of customers who have made purchases or who have responded to direct mail offers in the past.
A Response List list consists of customers who have made purchases or who have responded to direct mail offers in the past.
Response files: reaction lists (also known as managed lists) are made up of people who have purchased or inquired about particular services or products. traditional reaction list resources are magazines, membership golf equipment, catalogs, assurance cards, and so forth. you can normally get your response list in 3 to 5 business days.
Compiled statistics typically offer basic demographic selects, such as gender, age, geography, and many others, response lists, then again, consist of individuals who've taken some specific action to show hobby in products or services.
A listing that has been comprised of multiple assets such as public records, online registrations, and surveys, direct response, directories, cellphone books, or courtroom facts.
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The difference between job enrichment and job enlargement is that:
Job enrichment means improving or increasing with the help of upgrades and development, and job enrichment means adding tasks to increase workload.
Job Enrichment expands the range of jobs you can achieve and the skills you can develop. This makes work more exciting and interesting and brings diversity, challenge, and depth to everyday life. A fulfilling job gives you more freedom, independence, and responsibility.
The definition of job expansion is to add additional activity within the same level to an existing role. This means that people are doing more and more different activities in their current job.
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The Age Discrimination in Employment Act prohibits employment discrimination on the basis of age against individuals up to forty years of age. Group of answer choices False True
True, Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older.
It does not protect workers under the age of 40, although some states have laws that protect younger workers from age discrimination.These legislation collectively changed the workplace by removing obstacles to opportunity and establishing a foundation of fairness and equality. Congress acknowledged that age discrimination was mostly brought on by erroneous beliefs that ability was impaired by age when it passed the ADEA.Direct and indirect age discrimination are two of the most prevalent forms of this practice.What is the Age Discrimination Act of 1978?
Age-based discrimination against older workers in hiring, firing, layoffs, compensation, and other working conditions is illegal under the federal Age Discrimination in Employment Act (ADEA). Most employees 40 and older who work for companies with 20 or more employees are covered by the statute.Learn more about the Age Discrimination Act of 1978 brainly.com/question/15287392
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