Answer:
False
Explanation:
A company manages its supply chain activities in the most efficient way possible. This means that the supply chain is managed in a way that there is no wastage of resources.
In order to achieve this, the supply of process materials has to take into consideration the process activities and production schedules of the company. The supply chain cannot be independent of the production and downstream distribution. If the supply chain is independent of the production and downstream distribution, there will be a lot of wastage during periods of low production.
Anola Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows:Cost Pool Estimated Cost Activity - Product A Activity - Product B Total ActivityActivity 1 $18,000 300 200 500Activity 2 $16,000 500 100 600Activity 3 $27,000 600 300 900The activity rate under the ABC system for Activity 3 is:
Answer:
Anola Company
Activity 3 rate under the ABC System is:
$30 per activity
Explanation:
a) Data and Calculations:
Cost Pool
Activity Estimated Cost Activity - Activity - Total
Product A Product B Activity
Activity 1 $18,000 300 200 500
Activity 2 $16,000 500 100 600
Activity 3 $27,000 600 300 900
Activity 3 rate = $27,000/900 = $30
b) The activity rate is the product of the estimated cost of the activity divided by the total activity under the activity cost pool.
c) Under ABC costing technique, costs are accumulated and allocated based on the volume of activity. This is to ensure that each cost unit is allocated a cost that measures with the level of activity for the unit. It eliminates arbitrary allocation of costs.
A certain contingency benefits the seller. Whose consent is needed to remove this contingency?
Answer:
seller.
Explanation:
A contingency is a term often used in real estate, to describes a form or set of conditions or clauses that must be fulfilled by either one or both of the parties, that is either buyer or seller or both of them, prior to the sales of estate properties.
While in most cases, contingency benefits the buyer, however, in a situation it benefits the seller, it is the seller's consent that is needed to remove the contingency.
Suppose Stark Ltd. just issued a dividend of $1.59 per share on its common stock. The company paid dividends of $1.25, $1.33, $1.40, and $1.51 per share in the last four years. a. If the stock currently sells for $40, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. What if you use the geometric average growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
The answer is below
Explanation:
a) The dividend growth rate is given as D2/D1 - 1
Year Dividend Growth rate
1 $1.25
2 $1.33 ($1.33/ $1.25 - 1) 6.4%
3 $1.4 ($1.4/$1.33 - 1) 5.26%
4 $1.51 ($1.51/$1.4 -1) 7.86%
The arithmetic average growth rate is the average of all the growth rates.
Arithmetic average growth rate = (6.4% + 5.26% + 7.86%) / 3 = 6.51%
The cost of annuity = (cost of common stock / Selling stock price) * 100% + Average growth rate
The cost of annuity = ($1.59 / $40) * 100% + 6.51% = 10.49%
b) The geometric growth rate is given as:
geometric average growth rate =
[tex](\frac{D_n}{D_o} )^{\frac{1}{n} }-1\\D_n=1.51,D_o=1.25,n=3\\\\Geometric\ growth\ rate=\frac{1.51}{1.25}^{1/3}-1=6.5\%[/tex]
The cost of annuity = ($1.59 / $40) * 100% + 6.5% = 10.48%
Janice has car insurance that she must pay four times a year. If each payment is $156, how much money should she set aside each month to cover her car insurance?
Answer:
Cheap Florida Auto Insurance. Low Rates from $53.99 / Month!
Explanation:
the sale or maturity of investments in securities is a cash ____ activities section of the statement of cash flows
Answer:
Cash Inflow from Investing Activities
Explanation:
The Cash Flow from Investing Activities shows the cash flow resulting from acquisition and sale of Assets held by the Company. The sales of investments in securities imply the sale of an asset, hence it is a Cash Inflow from Investing Activities.
Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card?
Answer:
Cardholder
Explanation:
The Government Purchase Card program/mission was setup in order to streamline payment process and help alleviate the administrative burden that lies in purchasing goods and services. It is a system which provides on the spot purchasing, receiving and payment authority for individuals.
In GPC, the cardholder is responsible for verifying card information and verifying proof of delivery.
The cardholder himself or herself is responsible in verifying the proof of delivery for all government-wide commercial purchase card, is the correct statement for the query above.
This project was launched by the Federal Government in the United States of America to make a uniform process and to ensure that all the transactions carried are included in the government database.
Under this program, the cardholder was given the ability to perform the transactions of buying and selling with such card whether online or at point of sales merchants.The scheme was introduced by the federal government in the United States of America with an intention to make a systematic program for archiving the user purchase and sales history.The proof of delivery was to be verified by the cardholder himself by the way of uploading the information on the government portal made for such purpose.Hence, the cardholder was himself for the delivery of all government wide commercial purchase card scheme.
To know more about Government purchase card, click the link below.
https://brainly.com/question/1968351
he Snella Company reports 2015 Pre-tax Net Income of $10,000. The following items exist:Premiums Paid for Key Officer Life Insurance $ 200Accrued Revenues $ 80Unearned Revenues $ 50The tax rate is 20%. Indicate the amounts for 2015 Income Tax Expense and 12/31/15 Income Tax Payable, respectively:a. $2,040, $2,034b. $1,960, $1,934c. $1,960, $1,986d. $2,040, $1,986e. $2,034, $2,034
Answer:
The Snella Company
e. $2,034, $2,034
Explanation:
The 2015 Income Tax Expense and the 12/31/15 Income Tax Payable will be equal unless some Income Tax Payable for 2014 were being carried forward. Again, the tax basis and the accrual basis are not the same. Using the tax basis, we will calculate tax for unearned revenues of $50 and not for accrued revenues of $80. Premiums paid for key officer life insurance are not tax-deductible. Life insurance premiums are deductible for the individual and not the corporate entity. This means that the taxable income will be equal to $10,170 ($10,000 + 200 + 50 - 80).
"An investor purchases $10,000 worth of marginable stock in his margin account. If the investor wishes to pay for this trade using $5,000 of fully paid marginable stock, how much more in cash, if any, will the investor need to deposit?"
Answer:
The investor needs to deposit cash of $5,000.
Explanation:
a) Data and Calculation:
Worth of marginable stock in the margin account = $10,000
Fully paid marginable stock = $5,000
Cash deposit required = $5,000 ($10,000 - $5,000)
b) An investor's margin account is a brokerage account which an investor opens with his or her broker to enable him or her to purchase more securities using the broker's funds (on loan). For instance, the investor can deposit at least half of the funds required to purchase the securities, while the broker lends the investor the balance. This arrangement gives the investor some leverage to purchase more securities than he could afford with his or her own funds. The broker charges the investor some interest for the loaned funds. If the securities appreciate in value, the investor gains, but if they depreciate, he loses money on the margin account.
The profit-maximizing rule for a firm hiring both labor (L) and capital (C) under conditions of imperfect competition is g
Answer:
the least cost rule
Explanation:
Imperfect markets are those where all the conditions for perfect markets don't exist. In perfect markets, the profit maximizing rule for hiring labor is that you will continue to add labor until marginal revenue product = marginal cost of labor. The same applies for capital or land which are the other factors of production.
But on imperfect markets, this is not that clear, the equation in this case would be:
least cost rule ⇒ marginal product of labor / marginal cost of labor = marginal product of capital / marginal cost of capital
if you put 7250 in the atm each day, what percent of the days in a month should you expect to run out of cash
Available Question:
If you put $7850 in the ATM each day, what percent of the days in a month should you expect to run out of cash?
nothing%
(Round to the nearest tenth as needed.)
Data set: (00s)
54 92 70 59 66 75 80 90 86 72
76 71 55 64 70 65 66 78 70 83
67 70 70 71 80 72 74 60 81 71
Answer:
23.3%
Explanation:
In the given set, there are only 7 days in which I will run out of cash because the withdrawal is more than $7850.
As we know that:
Probability of running out of Cash = (Relevant Event Occurrence / Total number of events) * 100%
Here
Relevant Event Occurrence is 7 (92, 80, 90, 86, 83, 80, 81)
Total number of events are 30
By putting values, we have:
Probability of running out of Cash = 7 / 30 * 100% = 23.3%
Something used to make payments for other goods and services as well as to measure their value is called
Answer:
Money
Explanation:
Money is anything that is generally acceptable as a medium of exchange, for payment of bills, for settlement of debt and for storing values as well. Major characteristics of money are durability, homogeneity, portability, denomination, recognizability etc
As the __________ substitute for low-skill labor becomes available, the demand curve for low-skill labor will shift to the left.
Answer:
technology
Explanation:
As technology begin to replace low skilled workers, the demand for low skilled labour begins to fall. A fall in demand results in a leftward shift of the demand curve
Under a _____ costing income statement, only variable costs are included in the computation of total cost per unit.
Answer:
Variable costing income statement
Explanation:
The Variable costing income statement only includes variable costs in the cost per unit product. Variable costs examples are raw materials, direct labor and other variable overheads.
The fixed manufacturing costs together with the non-manufacturing costs are treated as period costs and expensed in the period in which they are incurred.
what did economic liberalism stand for
Answer:
Economic liberalism is a political and economic philosophy based on strong support for a market economy and private property in the means of production. Historically, economic liberalism arose in response to mercantilism and feudalism.
Explanation:
Economic liberalism is most often associated with support for free markets and private ownership of capital assets. It contrasts with protectionism because of its support for free trade and open markets. Historically, economic liberalism arose in response to mercantilism and feudalism. Today, economic liberalism is also generally considered to be opposed to non-capitalist economic systems, such as socialism and planned economies.
Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. What is this agreement called?
Answer:
Net listing.
Explanation:
In this scenario, Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. This agreement is called net listing.
Net listing can be defined as an arrangement between a broker and a property owner, in which the owner of a property sets a minimum selling price at which the property would be sold while the any other amount above the minimum amount would be kept by the broker as commission.
Under a net listing, since the minimum selling price chosen by the owner of the property, Patsy is $150,000, assuming Broker Al sold the property for $200,000; he would pay Patsy the sum of $150,000 and keep the additional profit of $50,000 as his commission.
what term is used for the amount of time an activity can be delayed without delaying the early start date
Complete Question:
What term is used for the amount of time an activity can be delayed without delaying the early start date of any immediately following activities?
Answer:
Free slack.
Explanation:
Free slack is a term is used for the amount of time an activity can be delayed without delaying the early start date of any immediately following activities.
Generally, in the execution of a project, when a task is delayed it normally affects the start or finishing time of the other tasks (successors) in a project. The amount of time that is permitted for an activity to be delayed without delaying the early start date of any immediately following (succeeding) activities refers to the free slack or having an adverse effect on entire project.
Monar Inc.'s CFO would like to decrease its cash conversion cycle by 10 days (based on a 365 day year). The company carries average inventory of $750,000. Its annual sales are $10 million, its cost of goods sold is 75% of annual sales, and its average collection period is twice as long as its inventory conversion period. The firm buys on terms of net 30 days, and it pays on time. The CFO believes he can reduce the average inventory to $647,260 with no effect on sales. By how much must the firm also reduce its accounts receivable to meet its goal in the reduction of the cash conversion cycle
Answer:
$136,986
Explanation:
The receivables accounts must be reduced by $136,986 in order to meet the goal in reduction of cash conversion cycle.
Inventory Cycle:
75% of sales = 7,500,000
($75,000/$7,500,000)*365 days
=4 days
Receivable Cycle:
4*2 = 8 days
Payable Cycle:
$750,000/$10,000,000*365 days
=27 days
Cash conversion cycle:
4-8+27
=15 days
Describe the implications of a successful supply chain management strategy to a business in today's competitive global economy.
Answer:
There are some ramifications of a effective supply chains strategy approach for a company in today's dynamic world economy :-
1. Alignment of Supply Chain responsibilities:
The supply chain has too many layers of chains in service, and it is necessary to have a policy of distributing duties and responsibilities at all layers to minimize the sluggish cycle of working conditions.
2. Use of Technology:
The best technologies will improve supply chain processes and optimize production. You need to upgrade yourself with the latest software that is perfect and helpful for your company. One of the key benefits of effective discharge systems is the exposure of any piece somewhere in the global supply chain.
3. Alignment of Supply Chain responsibilities:
The supply chain has too many layers of chains in service, and it is necessary to have a policy of distributing duties at all layers to minimize the sluggish cycle of working conditions.
A unit of an organization is referred to as an investment center if it has:
a. Authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply
b. Responsibility for developing markets for and selling the output of the organization
c. Authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply and significant control over the amount of invested capital
d. Authority to make decisions over the most significant costs of operations, including the power to choose the sources of supply
e. Authority to provide specialized support to other units within the organization
Answer:
c. Authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply and significant control over the amount of invested capital.
Explanation:
A unit of an organization is referred to as an investment center if it has authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply and significant control over the amount of invested capital.
An investment center can be defined as a business unit (department) within a business firm, that is saddled with the responsibility of generating its own revenue, expenses (costs), and assets and is able to contribute directly to the firm's profitability based on all three factors.
Generally, an investment center has its own statement of cash-flow which typically comprises of a balance sheet and an income statement. An example of an investment center is the financing department of an airplane manufacturing company or a subsidiary company.
The gestation period for cats has an approximate mean of 64 days and a standard deviation of 3 days. The distribution of the gestation period is approximately Normal.
a. What proportion of kittens have a gestation period of less than 68 days?
b. What proportion of kittens have a gestation period between 61 and 70 days?
c. What gestation period corresponds to the top 10% of gestation periods?
d. What gestation period corresponds to the 25th percentile?
Answer:
a. P(X<68) = 0.9082
b. P(61 < X< 70) = 0.8185
c. the gestation period that corresponds to the top 10% of gestation periods = 67.846
d. the gestation period that corresponds to the 25th percentile = 61.977
Explanation:
Given that:
population mean [tex]\mu[/tex] = 64
standard deviation [tex]\sigma[/tex] = 3
a. What proportion of kittens have a gestation period of less than 68 days?
here the sample mean x = 68
The standard normal distribution for the z score is
[tex]z = \dfrac{x -\mu}{\sigma}[/tex]
[tex]z = \dfrac{68 -64}{3}[/tex]
[tex]z = \dfrac{4}{3}[/tex]
z = 1.33
The proportion of the kittens having a gestation period of less than 68 days is:
P(X<68) = P(Z< 1.33)
Using the z - tables
P(X<68) = 0.9082
b. What proportion of kittens have a gestation period between 61 and 70 days?
here ; sample mean x₁ = 61 and x₂ = 70
the standard normal distribution for the z score is:
[tex]z_1 = \dfrac{61 -64}{3}[/tex]
[tex]z_1 = \dfrac{-3}{3}[/tex]
[tex]z_1 =-1[/tex]
[tex]z_2 = \dfrac{70-64}{3}[/tex]
[tex]z_2= \dfrac{6}{3}[/tex]
[tex]z_2= 2[/tex]
So, the proportion of kittens having a gestation period between 61 and 70 days is:
P(61 < X< 70) = P(-1 < Z < 2)
P(61 < X< 70) = P(Z < 2) - P( Z< -1)
From z tables
P(61 < X< 70) = 0.9772 - 0.1587
P(61 < X< 70) = 0.8185
c. What gestation period corresponds to the top 10% of gestation periods?
i.e
P(X >[tex]x_o[/tex] ) = 0.1
P(X < [tex]x_o[/tex] ) = 1 - 0.1
P(X >[tex]x_o[/tex] ) = 0.9
[tex]P(Z < \dfrac{x - \mu}{\sigma}) =0.9[/tex]
Using the Excel Function : =NORMINV (0.9)
[tex]P(Z < \dfrac{x - \mu}{\sigma}) =1.282[/tex]
⇒ [tex]\dfrac{x - \mu}{\sigma}=1.282[/tex]
[tex]{x - \mu}=1.282 \times \sigma[/tex]
[tex]x =1.282 \times \sigma + \mu[/tex]
given that:
[tex]\mu = 64 \\ \sigma =3[/tex]
x = 1.282 × 3 + 64
x = 67.846
The gestation period that corresponds to the top 10% of gestation periods = 67.846
d. What gestation period corresponds to the 25th percentile?
At 25 percentile, using the EXCEL FUNCTION = NORMINV(0.25;64;3)
the gestation period that corresponds to the 25th percentile = 61.977
You verbally promise to pay your sister tomorrow the $25 that you owe her. This promise however, is not a negotiable instrument because:
Answer:
It is not in writing is the answer
Explanation:
Blanchard talks about servant leadership, and Jim Collins talks about Level 5 executives. What do servant leaders and Level 5 executives have in common
Answer: Both types of leaders have humility as a core personal characteristic
Explanation:
Servant leadership is a form of leadership philosophy whereby the lender's main goal is to serve and the leaders are humble. Level 5 leaders are humble and incredibly ambitious.
Therefore, servant leaders and Level 5 executives have in common is that both types of leaders have humility as a core personal characteristic
"A client of a sales representative who is based in New York moves to the State of Florida. The sales representative and his broker-dealer are registered in the State of New York, but not in the State of Florida. To solicit the customer's business in the State of Florida, the:"
Answer:
Both the sales representative and his broker-dealer must register in the state of Florida in order to legally solicit orders for any client living in that state. The client was originally living in New York, but once he/she moved to Florida, Florida's Uniform State Law requires that the sales representative and the broker dealer register with them. Once they are registered, they can solicit orders for this specific client and any other client that they might have in the state.
Which of the following is one of the three standard sections of a governmental comprehensive annual financial report?
a) Statistical.
b) Single audit.
c) Actuarial.
d) Investment.
Answer:
a) Statistical.
Explanation:
The three standard sections of a governmental comprehensive annual financial report are:
IntroductoryFinancial: includes financial statements and notes Statistical: include statistical data about relevant financial information and trends, and how they relate to government activitiesWhat are sources of income that can be used for debt service on municipal revenue bonds?
Answer:
Municipal Revenue bonds are bonds that are serviced from the income accrued from a project that the bond was used to embark on.
They can therefore be serviced by a variety of income methods that accrue from the projects such as;
User fees for using the asset builtSpecial taxes Lease rentals in cases where the asset is leased outExcise taxes Other Non Ad-valorem taxes that result from benefits attached to usage of the asset built.What if the names had not been typed at the bottom of the e-mails?
A. The contract.
B. Select be enforceable.
Answer:
The contract would not be enforceable
Explanation:
If the names had not been typed at the bottom of the e-mails the contract would not enforceable. This is because an acceptable way of signing a legal agreement via email is appending your name at the bottom of the email. Therefore, if the names are missing in an electronic mail agreement, such agreement would not be enforceable. Also, name in itself is a form of signature at times written in a stylish way.
c. If the marginal cost of a gallon of milk increases, how will the household respond?
A. The household will increase its consumption.
B. The household will decrease its consumption.
C. The household will continue to consume the same amount.
Answer:
If the marginal cost of a gallon of milk increases, how will the household respond?
C. The household will continue to consume the same amount.
Explanation:
The increase in the marginal cost of a gallon of milk will not greatly alter the quantity of milk consumed by a typical household. At this initial point when the marginal cost of a gallon of milk increases, the household is not affected because the seller has not shifted the cost to consumers. Even when the marginal cost increase is shifted to the consumers, the quantity required by the household remains the same. What may likely change at that stage is that the price at which the a household buys a gallon of milk increases marginally. The marginal increase will not distort demand for milk but households can change brands and not the quantity of milk, or at worst, they pay a higher price for a gallon.
The market consensus is that Analog Electronic Corporation has an ROE = 9%, a beta of 1.25, and plans to maintain indefinitely its traditional plowback ratio of 2/3. This year’s earnings were $3 per share. The annual dividend was just paid. The consensus estimate of the coming year’s market return is 14%, and T-bills currently offer a 6% return. a. Find the price at which Analog stock should sell. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Calculate the P/E ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. Calculate the present value of growth opportunities. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) d. Suppose your research convinces you Analog will announce momentarily that it will immediately reduce its plowback ratio to 1/3. Find the intrinsic value of the stock.
Answer:
a. Analog stock should sell at $10.60.
b. Trailing P/E ratio is 3.53, and Leading P/E ratio is 3.33.
c. The present value (PV) of growth opportunities is -$9.28.
d. The intrinsic value of the stock is $15.85.
Explanation:
From the question, we have the following:
ROE = 9%
b = beta = 1.25
pr = Plowback ratio = 2/3 = 0.67
dpr = dividend payout ratio = 1- pr = 1/3 = 0.33
e0 = This year’s earnings per share = $3
mr = The coming year’s market return = 14%
tr = T-bills return = 6%
Therefore, we can now have:
a. Find the price at which Analog stock should sell. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
This can be estimated by employing the following formula:
P0 = d * (1 + g) / (r - g) …………………………. (1)
Where;
P0 = Stock Price = ?
d = dividend per share = e0 / dpr = $3 / (1 / 3) = $1
g = Sustainable growth rate = ROE * pr = 9% * 2/3 = 0.06
rf = Risk free rate = Return on T-bills = 6%
b = Beta = 1.25
mr = Market return = 14%
r = Required return on Equity = rf + b * (mr - rf) = 6% + 1.25 * (14% - 6%) = 0.16
Substituting the values into equation (1), we have:
P0 = $1 * (1 + 0.06) / (0.16 – 0.06)
P0 = $1 * 1.06 / 0.10
P0 = $10.60
b. Calculate the P/E ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
P/E ratio can be Trailing P/E ratio or Leading P/E ratio as follows:
Trailing P/E ratio = P0/E0 = $10.60 / $3 = 3.53
Leading P/E ratio = P0/e1 ………………………………………. (2)
Where;
e1 = e0 * (1 + g) = $3 * (1 + 0.06) = 3.18
Substituting the values into equation (2), we have:
Leading P/E ratio = $10.60 / 3.18 = 3.33
c. Calculate the present value of growth opportunities. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
P0 = e1 / r + pvgo …………………………………… (3)
Where pvgo denotes present value of growth opportunities.
Since already obtained P0, e1 and r in part a and b, we just substitute them equation (3) and solve for pvgo, we have:
$10.60 = $3.18 / 0.16 + pvgo
$10.60 = $19.875 + pvgo
pvgo = $10.60 - 19.875
pvgo = -$9.28
d. Suppose your research convinces you Analog will announce momentarily that it will immediately reduce its plowback ratio to 1/3. Find the intrinsic value of the stock.
The intrinsic value of a stock refers to the stock price based only on the internal factors of a company.
Base on this new information, we have the following:
g = ROE * pr = 9% * (1 / 3) = 3%
dpr = 1 – pr = 1 - 1/3 = 2/3
d = dividend per share = e0 / dpr = $3 / (2 / 3) = $2
P0 = d * (1 + g) / (r - g) = $2 * (1 + 3%) / (0.16 – 3%)
P0 = $2 * (1 + 3%) / (0.16 – 3%)
P0 = $15.85
Therefore, the intrinsic value is $15.85.
for 2018 rahals auto parts estimates bad debt expense at 1% of credit sales. rahals bad debt expense is
Answer:
the question is incomplete, so I looked for the missing information:
The company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off. Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is:_________
accounts receivables at the end of the year = $86,500 + $404,000 - $408,000 - $2,340 = $80,160
bad debt expense = (total credit sales x 1%) + beginning balance of uncollectible accounts - bad debt written off = ($404,000 x 1%) + $2,100 - $2,340 = $3,800
All of the following are parts of business models employed in the online music industry except: Question 2 options: A) peer-to-peer streaming. B) cloud streaming. C) download-and-own. D) subscription.
Answer: A) peer-to-peer streaming
Explanation: Peer-to-Peer streaming is one of the most popular media applications over the internet in recent times and it is a part of business models employed in the online music industry. These systems reduce the load on the server and provide a scalable content distribution and as such, partitions tasks or workloads between peers (equally privileged, participants who make a portion of their resources directly available to other network participants, without the need for central coordination by servers or stable hosts).