Answer:
The correcting journal entry will include: A credit entry to 1/1/26 Retained Earnings.
Explanation:
On Payment the entry must have been :
Prepaid Insurance $2,000 (debit)
Cash $2,000 (credit)
By the end of year 2025, one year insurance will have expired and entries will be as follows :
Insurance Expense $,1000 (debit)
Prepaid Insurance $1,000 (credit)
But Instead the entry in error was made as :
Insurance Expense $,1000 (debit)
Cash $2,000 (credit)
This results in the Retained Earnings being Understated by $1,000 .
The amount of overstatement is corrected as :
Prepaid Insurance $,1000 (debit)
Retained Earnings $,1000 (credit)
A bank statement shows a balance of $8,445 at June 30. The bank reconciliation is prepared and includes outstanding checks of $2,790, deposits in transit of $1,350, and a bank service charge of $30. Among the paid checks returned by the bank was check no. 900 in the amount of $600, which the company had erroneously recorded in the accounting records as $60. The "adjusted cash balance" at June 30 is:
Answer:
$7,095
Explanation:
The computation of adjusted cash balance is shown below:-
Adjusted cash balance = Balance as per Bank Statement + Deposit in transit - Outstanding checks + bank Service charge + returned paid check no.900
= $8,445 + $1,350 - $2,790 + $30 + $60
= $7,095
Therefore for computing the adjusted cash balance we simply applied the above formula.
Coronado Industries has outstanding accounts receivable totaling $6.57 million as of December 31 and sales on credit during the year of $22.6 million. There is also a credit balance of $11000 in the allowance for doubtful accounts. If the company estimates that 5% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year?
Answer:
$317,500
Explanation:
The computation of the amount of bad debt expense is shown below:-
Bad debt expenses = (Accounts receivable × Outstanding receivable percentage) - Opening Allowance for doubtful debts
= ($6.57 million × 5%) - $11,000
= $317,500
Therefore for computing the bad debt expense we simply applied the above formula.
A U.S. purchase of oil from overseas paid for with foreign currency it already owned Group of answer choices increases U.S. net exports, and increases U.S. net capital outflow. increases U.S. net exports, and decreases U.S. net capital outflow. decreases U.S. net exports, and increases U.S. net capital outflow. decreases U.S. net exports, and decreases U.S. net capital outflow.
Answer:
Correct answer:
decreases U.S. net exports, and increases U.S. net capital outflow.
Explanation:
In the situation US purchases oil from overseas (another country), it decreases its country's net export due to the fact that, nothing is shipped out of U.S. But rather, it is being imported. Also, this leads to increase of U.S net capital outflow due to money leaving the country to the other country from which the oil is being bought from.
Customers can build their own computers with Dell's online configurator. They simply have to answer a few questions and choose from a menu of product attributes, prices, and delivery options. The design of a Dell customized computer is made possible through the use of a
Answer: Choiceboard
Explanation: A choiceboard may be explained as an online tool usually developed by product makers or manufacturers which affords consumers to make bespoke or custom products by allowing them the flexibility of making personal choices about the type, attribute and specifications they would want their personal product to posses. The choiceboard will contain a list of various options available on each of the specifications a product could have and the customer makes his or her choice allowing them to build a fully customized product.
Candice’s first job was at the grocery store making deli food. While in culinary school, she worked part time in a restaurant kitchen, and after finishing school, she found a position as a head chef. With her growing experience and advanced education, Candice has been able to _____.
Answer:
move up the career ladder
Explanation:
A career is a series of jobs that are related, whose foundation is based on interest, knowledge, training and experience. Moving up the career ladder means that one has continuously been growing in experience by moving from series of related jobs with fewer responsibilities to the one with more responsibilities within a specific profession.
Moving up the the career ladder also involve continuous advancement in education related to one's profession with a view to gaining more knowledge that would be applied to the chosen job hence above is an example of moving up the career ladder.
Answer:
B. move up the career ladder.
Explanation:
May I have brainliest please? :)
Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a means to be socially responsible. be environmentally responsible. differentiate their product. be perceived more favorably.
YES, BECAUSE WHETHER A BUSINESS DECIDES TO PROVIDE A POSITIVE LANDMARK STAMP ON THEIR PRODUCTS AND / OR SERVICES IS THEIR DECISION.
THE ONES THAT DECIDE TO MAKE THE DIFFERENCE ARE OFTEN REMARKABLE FROM THE COMPETITION, THIS OTHER ECONOMIC GROUP THAT DID NOT HAD THE INITIATIVE TO INNOVATE FOR A BETTER EXPERIENCE.
Starbucks entered a partnership with Keurig Green Mountain to sell K-Cup single-serving coffee packs. Because Starbucks __________, it was prepared for this shift in its marketing environment.
Answer:
tracked, as part of its ongoing environmental scanning activities, the percentage of households with single cup brewers
Explanation:
Starbucks entered a partnership with Keurig Green Mountain to sell K-Cup single-serving coffee packs. Because Starbucks tracked, it was prepared for this shift in its marketing environment.
What is a partnership?The partnership is referred to as the alliance formed between two or more two people with share capital as well as profit and loss of the business and achieve the common objective of the organization.
A shift in the marketing environment can lead to both profit and loss for an organization. Every organization needs to plan in advance to cope with the rising challenges and utilize them as opportunities for the business.
The change in the marketing environment is caused by political, social, economic, and cultural factors which affect the sales of any product.
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When presenting solutions, Chris (a salesperson)often has to handle buyer resistance. Chris should think of buyer resistance as a(n)___________ event.
A) Negative
B) Unimportant
C) Positive
D) A buyer initiated challenge (BIC)
E) Show stopper
Answer:
C) Positive
Explanation:
Although in the question it is stated that Chris, who is a salesman, manages the buyer resistance while presenting the solutions, the Chris also thinks that buyer resistance is a positive event
Thus, in the provided scenario, option c is right, as it does not satisfy all other options available
So the right option is c.postive
All the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT: Group of answer choices The frequency of premium payments can be changed. Policy loans are permitted on an interest-free basis. The death benefit can be increased with evidence of insurability. Premium payments can be any amount provided there is sufficient cash value to keep the policy in force.
Answer:
Policy loans are permitted on an interest-free basis.
Explanation:
The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person
So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest
. Make a list of the ingredients for Samosa
Explanation:
Your Full and explanation is in the attachment
please look it once .
hope it is helpful to you
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By using bootstrap marketing strategies (unconventional, low-cost, creative techniques) small companies can get as much "bang" for their marketing bucks as their larger rivals.
Answer:
The given statement relates to bootstrap marketing strategies
Explanation:
In simple words, Bootstrap marketing relates to an advertising strategy usually used by entrepreneurs to create a business from the bottom up with little but private money and, luckily, money from the very first sale.
This method is usually used by start ups for capturing initial market share and with the expertise of an angel investor they can really go for high goals.
Describe the role of securities markets and of investment bankers: what role do investment bankers playing securities markets
Answer
Explanation:
investment bankers specialize in the provision of new securities and they
provide helps to those that want their security liquified.
However, investment bankers are known with their role of provision of money at capital market to their customers such as companies or government set up through issuing of money or equity for security market.
Kim is the sales representative for a major textbook publisher. When she calls on the business faculty at General University, her first stop is to chat with Frank, the business department secretary. From Frank, Kim learns which professors have left the university or are newly arrived. Frank also helps Kim to make appointments to see professors to discuss textbook choices. Frank acts as the __________ in the business department buying center.
Answer:
Frank acts as the "gatekeeper".
Explanation:
A business secretary seems to be in charge of secretarial or admin duties and rebounds with both regularly and lengthy-term tasks. Individuals forecasts appointments keep documents as well as review files.This is commonly the one who publishes and allocates the minutes throughout consultations and is almost always the channel within which customers and work colleagues have to connect with either the higher-ups.So that the above is the correct choice.
The country of Maroji is a major exporter of dairy products. The country of Hipon is a major exporter of heavy machinery but also has a sizeable domestic dairy industry. Since it imports a sizeable amount of heavy machinery from Hipon, Maroji, at the request of Hipon, limited the amount of dairy products it exports to Hipon each year. This is an example of
Answer:
voluntary export restraint (VER).
Explanation:
In this scenario, the country of Maroji is a major exporter of dairy products. Also, the country of Hipon is a major exporter of heavy machinery but has a sizeable domestic dairy industry. Since it imports a sizeable amount of heavy machinery from Hipon, Maroji, at the request of Hipon, limited the amount of dairy products it exports to Hipon each year. This is an example of voluntary export restraint (VER).
A voluntary export restraint (VER) can be defined as a self-imposed trade restriction on the amount of goods that an exporting country exports to another country such as an importing country. It involves restrictive trade barriers between an exporting and an importing country, such as embargoes and quotas.
Computing cash flows from financing LO P3 Additional short-term borrowings $ 20,000 Purchase of short-term investments 5,000 Cash dividends paid 16,000 Interest paid 8,000 Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
Cash flows from Financing Activities $4,000
Explanation:
Computation of cash flows from financing activities
Additional short-term borrowings $20,000
Less Cash dividend paid ($16,000)
Cash flows from Financing Activities $4,000
Therefore the Cash flows from Financing Activities will be $4,000.
the law of demand states that: a) as the price of a good increase, more units are demanded. b) there is a direct relationship between the price of a good and the quantity of the good produced. c) there is a negative relationship between the pridce of a good and the quantity of the good demanded.
Answer:
c) there is a negative relationship between the price of a good and the quantity of the good demanded.
Explanation:
The law of demand states that there is a negative relationship between the price of a good and the quantity of the good demanded.
This ultimately implies that, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.
Michael's adjusted basis in the MW Partnership was $20,000 at the time he received the following nonliquidating distribution: Cash of $5,000 Equipment with an adjusted basis to the partnership of $8,000 and a fair market value of $10,000. What is the gain/loss Michael will recognize on this transaction
The appropriate solution of the given question "$15,000". A further explanation is provided below.
According to the question, the values are:
Partnership,
= $20,000
Cash received,
= $5,000
Adjusted basis,
= $8,000
Fair market value,
= $10,000
hence,
→ The Michael's adjusted basis in the partnership will be:
= [tex]Basis \ in \ partnership- Cash \ received[/tex]
= [tex]20,000-5,000[/tex]
= [tex]15,000[/tex] ($)
Thus the above is the right answer.
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write any five different between of profession and professional education.
Answer:
Profession is a field or work of life,which you choose in order to become a professional of that field. For example, Teaching is a profession and am a teacher which makes me a professional of that
Define Pareto's law. Multiple choice question. It is the ranking of all items of an inventory according to a specific criterion of importance. It is a method of estimating the impact of changing the number of locations on the quantity of inventory held. It is the rule that a small percentage of items account for a large percentage of sales, profit, or importance to a company. It is used to determine the order size for a one-time purchase.
Answer:
It is the rule that a small percentage of items account for a large percentage of sales, profit, or importance to a company
Explanation:
Pareto's law is a law that describes the points or direction to concentrate the firm's activities and resources on to achieve optimum productivity.
It usually follows the principle that 80% of returns come from 20% of the customers or clients.
Hence, in this case, the correct answer is Pareto's law is defined to be "the rule that a small percentage of items account for a large percentage of sales, profit, or importance to a company."
EarthShapers Inc., a manufacturer of heavy construction equipments based in U.S.A., maintains large sales and support operations overseas. Before sending new employees to its operations in Japan, it requires the employees to take courses in Japanese history and culture so that they can adjust more easily to living in Japan. This training focuses on the _____ component of international competence training.
Answer:
Cognitive.
Explanation:
In this scenario, EarthShapers Inc., a manufacturer of heavy construction equipments based in U.S.A., maintains large sales and support operations overseas. Before sending new employees to its operations in Japan, it requires the employees to take courses in Japanese history and culture so that they can adjust more easily to living in Japan. This training focuses on the cognitive component of international competence training.
Which of the following statements is not correct? Group of answer choices The deadweight loss that arises in monopoly stems from the fact that the profit-maximizing single-price monopoly firm produces a quantity of output that is smaller the socially-efficient quantity. Consumer surplus is smaller with perfect price discrimination than for a single-price monopolist that can not price discriminaten with a single price monopoloblem caused by monopoly is monopoly profit. For a given demand curve, the profit for a single-price monopolist is larger than for a monopolist that can price discriminate. The deadweight loss caused by monopoly is similar to the deadweight loss caused by a tax on a product.
Answer:
The deadweight loss that arises in monopoly stems from the fact that the profit maximizing single price monopoly firm produces a quantity of output that is smaller the socially efficient quantity.
Explanation:
The dead weight loss arises in an economy when supply and demand are not balanced. Supply and demand are the two most important factors that derive the economy. The economy does not achieve its equilibrium because of dead weight loss. The cost is increased due to dead weight loss which creates market inefficiency.
michelle works in retail and cant decide what products to include i the stores front window display what is the first step she should take to solve this problem
The available options are:
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
State the problem.
Explanation:
In a situation like this, it is expected that the first step to take to solve the problem is that Michelle should understand the reason, she wants to put the product on the window display. This includes knowing what she will benefit by placing the product on the window display and which product she wants to display. This process which is the first step in the problem-solving technique is known as STATE THE PROBLEM.
Hence, the right answer is State the Problem.
Management at the Relaxing Pines resort chain places great emphasis on customer satisfaction and loyalty. They emphasize quiet, luxurious rooms and personalized service. In fact, bonuses are based primarily on customer evaluations. What perspective does this reflect
Information processing errors consist of:_________
a. forecasting errors.
b. overconfidence.
c. conservatism.
d. framing.
Answer:
a. forecasting errors.
b. overconfidence.
c. conservatism
Explanation:
In information processing, the errors that occur are:
forecasting errors, overconfidence and conservatism.
In information processing, forecasting errors occur when people tend to give much weight. It tends to lead to extremism in forecasting. It causes deviation from the real to the forecasted information.
Overconfidence refers to when one believes that he is better than others. This is an information processing error.
Conservatism in information processing reveals the bias in human information processing. It leads to insufficiency in revising one's belief.
A payday loan company has decided to open several new locations in the city. To decide where to open these locations it hires consultants and pays them per store opened. At the end of the quarter, the company notices a many of the new stores’ sales volume fail to meet expectations. To incentivize the consultants to instead focus on opening profitable stores, the company should have paid them
A. Per store opened
B. A percentage of the profit earned per new store
C. A fixed salary
D. All of the above
Answer:
B. a percentage of the profit earned per new store
Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equilibrium, and that the price of each candy cane is $0.20. Now suppose that the price of sugar falls, decreasing the marginal and average total costs of producing candy canes by $0.15. Based on the information given, we can conclude that in the short run a typical producer of candy canes will be making:
Answer:
Positive economic profit
Explanation: In the economic profit, we have to consider the revenue earned and the cost of production including the opportunity cost. In the scenario above, the economic profit is positive, because, the average and marginal cost falls by $0.15 at a time when the sales price of the product is $0.20. The economic profit here is positive, due to the further reduction in the marginal and average price of an important material in the production process. In this scenario, due to positive economic profit, the New firms are attracted to the market.
A good manager: A. gives advice freely and frequently. B. is more result-oriented than relationship-oriented. C. has a judger mind-set and low self-awareness. D. schedules time for listening to employees each day. E. believes that listening too much is a sign of indecisiveness.
Answer:
B.
Explanation:
If you're asking a good manager that keeps the busniess running the answer is B because he would get the best money results.
If you mean the best manager because CO-workers like him the answer is A, but I don't think that's what you're asking so the answer is most likely B.
IF THE ANSWER IS SELECT ALL THAT APPLY,
-A
-B
-D
How do I do this? I think I know how But I am not 100% sure! Thanks in advance! I will mark answer the Branliest! Calculate the break-even level of customers needed.
Answer:
Break-even point in unit = 250 units
Explanation:
Given:
Fixed cost = $500
Variable cost = $2
Number of customer = 325
Sales amount = $4
Find:
Break-even point
Computation:
Break-even point in unit = Fixed cost / (SP - VC)
Break-even point in unit = 500 / ($4 - $2)
Break-even point in unit = 250 units
Dave, the president of a small corporation, has a wild weekend. He spends a night with a prostitute, gambles illegally, drinks excessively, and uses drugs. Some would suggest he has committed various
Answer:
victimless crimes.
Explanation:
A harmless wrongdoing is an unlawful demonstration that is consensual and comes up short on a griping member, including such exercises as medication use, galnblina, sex entertainment, and prostitution. Nobody is hurt, or if hurt happens, it is discredited by the educated assent regarding willing members.
Dave, the president of a small corporation, is committing victimless crimes.
What are the Victimless Crimes?An illegal act that usually only directly concerns the perpetrator or takes place between two willing adults is referred to as a "victimless crime." It is debatable whether a victim is involved because it is very much in nature.
A victimless crime occurs whenever the victim is not aware of the crime or the harm that has been done to him. Victimless crimes include many things.
Public order violations are another name for victimless crimes. Gambling is the most frequently mentioned victimless crime, and there has been some debate about whether crimes fall under this category. Crimes that cause injury to another person are not regarded as victimless crimes.
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Please research a company that is taking steps to "green" their operation. Share with the class the steps the organization is taking. Do you think other organizations could easily implement these ideas?
Explanation:
We can mention the company Google as an example of an organization that is increasingly developing sustainability programs in all its processes. In 2019 the company announced that it will use only recyclable materials by 2022, in addition to committing to zero carbon emissions in 2020.
Google is one of the largest companies in the world, and its practices must be taken by example by other large, medium and small organizations, and although the practices of a large company cannot be compared with those of a smaller company, they must rather be taken into account and serve as inspiration for the development of sustainable projects and actions, because regardless of the size of the action, any action that a company takes in favor of the environment is already valid and brings several advantages to its own image and positioning in the market, both for society.