Answer:
$14,000
Explanation:
balance of account for doubtful accounts account = $9,000 (credit balance)
estimated collectible accounts = $14,000
the adjusting entry should be for = $14,000 - $9,000 = $5,000
December 31, 202x, bad debt expense
Dr Bad debt expense 5,000
Cr Allowance for doubtful accounts 5,000
Since the company uses the aging-of-receivables method, the balance sheet must report the amount determined using it.
The process of spreading the costs of long-lived assets such as buildings and equipment over the total number of accounting periods in which they are expected to be used is called
Answer:
Depreciation
Explanation:
Depreciation is the process of reallocation of tangible assets over its useful life. Depreciation is an expense which is charged on the entire cost of a long-term tangible fixed asset. The depreciation expense is computed by reducing the scrap value of the asset from its cost and dividing it by the entire useful life of the asset. There are several methods used to depreciation tangible assets such as straight-line method, MACRS, double declining etc. Salvage value is the expected value of the asset at the end of its life. For example, if an asset has been purchased at $110,000 with a useful life of 5 years and salvage value of $10,000 then using straight-line depreciation per year over 5 years will be ($110,000-$10,000)/5 = $20,000.
In the context of behavioral economics, the belief that outcomes that have not occurred in the recent past are more likely to occur soon, and that recent outcomes are unlikely to be repeated in the near future is best referred to as the ________ fallacy.
Answer:
Gamblers.
Explanation:
This is a belief by a certain people from a school of thought that something is likely to or not occur and this is seen to happen within a period of time. This belief carriers the said person to keep in line or stop within this period in his endeavours towards a particular goal or work. This is seen in human which try their chances a lot in gambling in the likes of casinos etc and also human to human risk. This fallacy can be seen when a team has won the coin toss for the last three games. So, they are definitely going to lose the coin toss tonight. Also the last time they spun the wheel, it landed on 12. So, it won't land on 12 this time.
A person, group, or organization that has a meaning it intends and attempts to share with a receiver or an audience is a
Answer:
Source
Explanation:
Source, also known as sender in communication is a concept of generating information or data with the intent of communicating or reproducing exact information somewhere else within a short time .
A source can be a person , organization or a group of people and the source information must have a meaning it intends to share with a receiver or an audience. This means that the information must be encoded in a way that makes it easy for the receiver or audience to understand before transmitting the message.
Waste includes any misuse of resources, such as the overuse of services or other practices that directly or indirectly result in unnecessary costs to the Medicare Program. Choose one answer. a. True b. False
Answer:
True
Explanation:
Jasmine is the director of marketing for a chain of clothing stores. She's been given a set budget and needs to drive as many potential customers to her website as possible. Which automated bidding strategy should she use in her campaign?
a. Target impression share
b. Maximize conversions
c. Target return on ad spend (Target ROAS)
d. Maximize clicks
Answer: Maximize clicks
Explanation:
From the question, we are informed that Jasmine is the director of marketing for a chain of clothing stores and that she's been given a set budget and needs to drive as many potential customers to her website as possible.
The automated bidding strategy should she use in her campaign is "maximize click". This will help in getting many clicks and is cheap.
which piano is the best for beginners? List 5 best pianoes.
Answer:
1:Yamaha YPT-269
2:Casio PX-770
3:Korg EK-50
4:Roland
5:Go:keys
Answer:
1. Yamaha P-45
2. Yamaha YDP-S34
3. Casio PX-770
4. Korg B1SP
5. Roland RP102
Explanation:
"The time horizon to be used when constructing a portfolio to pay for college expenses for a person who is expected to start college in 10 years and finish college in 15 years is:"
Answer:
15 years
Explanation:
If you are constructing a portfolio to cover the education expenses of your child and you expect that he/she graduates from college in 15 years, then the time horizon of your portfolio should be 15 years since it should cover all the expenses until your child graduates. If you start a little earlier and expect your child to graduate in 20 years, the time horizon will be 20 years, or if you start a little later and expect your child to graduate in 10 year, then the time horizon is 10 years.
Your company has formed a partnership with another company and you want to allow certain resources to be shared between the two companies. What should you create?
Answer:
joint venture
Explanation:
Based on this scenario, the best thing for you to create would be a joint venture. This is a business arrangement in which the parties involved decide to combine their specific resources in order to accomplish a specific task that both companies are trying to accomplish and which will benefit both parties greatly. Therefore, since you want to share resources with your partner company this would be the best organizational agreement.
An investment banking firm has been hired to roll up various partnerships into one master limited partnership. What is the compensation limit for this activity
Answer:
2%
Explanation:
Based on the industry standards and regulations, an investment banking firm or a broker-dealer canvassing the agreements from limited partners in relation to a roll-up is outrightly limited to compensation of 2% of the value of the newly created securities.
Therefore, the correct answer, in this case, is that the compensation limit for this activity is pegged at 2 percent
Is the soundness of conclusions that can be drawn from an experiment?
Answer:
Validity.
Explanation:
Validity is the soundness of conclusions that can be drawn from an experiment. It is a term used to refer to how precise and accurate a method describes, estimate, and establish what it is supposed to measure or quantify at a given time.
Hence, if an experiment has a high validity, this ultimately implies that its outcome are in correspondence with the characteristics, properties, and as such it has a sound conclusion. Thus, an experiment is said to be valid when it has a great level or soundness of conclusion.
On January 8, an applicant filled out an application for a life insurance policy but did not include the initial premium. The insurance company approved the application on January 14 and issued the policy January 15. The producer delivered the policy on January 26 and collected the first premium. When did the coverage become effective
Answer: January 26
Explanation:
A life insurance policy is simply a contract that an individual has with an insurance company whereby the individual makes premium and in turn, the insurance company would have to give a death benefit, to the beneficiaries of the insurance policy once the insured dies.
Based on the information in the question, the coverage become effective on January 26 which was the day the policy was delivered and the first premium was collected.
The coverage of the life insurance policy becomes effective on 26th January.
A life insurance policy is an agreement between a policyholder and a life insurance company. In return for premiums paid by the policyholder during their lifetime, a life insurance policy promises the insurer will pay an amount of money to one or more named beneficiaries after the covered person passes away.
Life insurance is a binding agreement that provides the policyholder with a death payout in the event that the covered person passes away.
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Under MSRB rules, a registered representative is prohibited from sharing in the gains and losses of a customer's account unless the:
Answer:
D)
Explanation:
This is the case unless the registered representative contributes capital proportionate to his sharing percentage and receives written approval of the principal. This is because the MSRB clearly prohibits this, but if the registered representative opens a joint account with the customer (granted the customer approves), and shares in both the gains and losses of the account with a proportionate capital contribution, then both are entering into the same risk and are allowed to share in the gains and losses. This is as long as the principal provides written approval.
The accrual concept that costs incurred to generate a revenue are expensed in the same period the revenue is known as the
Answer:
Matching concept
Explanation:
This accounting principle is of the opinion that the expenses incurred in generating revenue should be matched with the revenue or income in order to ascertain whether or not profit or loss has been made,in other words,reporting only the revenue without considering the fact some amount has been incurred in a bid to generate the revenue does not a clear picture of the business underlying transactions.
It is simply aggregating like with like since costs incurred in the period are deducted from revenue in the same period.
Recently, Darlene has found that they have begun to reach market saturation. She is having trouble finding new customers. One solution would be to increase the company's reach, perhaps by opening up locations in other areas. However, she knows this will be expensive. After noticing that many of their customers are planning on expanding and purchasing bigger facilities, Darlene feels that the best option is to increase the company's
Answer: a. share of customer
Explanation:
Share of Customer refers to the proportion of the total amount that a company gets out of money that a customer will spend in a certain category.
In other words, a company that has a greater share of customer from a particular customer will see that customer spend more of their money on them.
Share of Customer is improved by excellent working relationships with customers such that they will be loyal to you. Darlene should therefore strive for this so that their customers who are planning on more expansion will keep coming back to Darlene's company and spending more and more on them.
"The principle stating that asset and liability measurements should be based on the amount given or received in the original transaction is referred to as the"
Answer:
Historical cost
Explanation:
historical cost can be defined as the measure of value used in accounting and that is the value of an asset on a balance sheet.
Historical cost is used for assets that are fixed in the United states of America. Cheers
Planet Earth Developers is a large nationwide construction company with home offices in Lansing, MI. The local media often remarks about the pristine landscaping that surrounds the home office that sits on a 30-acre complex. At the back end of the complex are several large warehouses and garages that hold large equipment. The grounds surrounding these warehouses look like a well-maintained park. Across the street from the garages are several shops and businesses. The CEO, "Planet Paul" (as his employees call him), often talks about how thankful he is that the town permits him to store the company equipment at that site, and vows to always maintain the premises for his neighbors (the other businesses that thrive in that area), not to mention that he asks 100 employees to come to work there everyday. What statements describes Planet Paul's business philosophy?
Answer: Planet Paul understands even though it cost a little more, the stakeholder considerations are important if one want their business to thrive.
Explanation:
The value of stakeholders to organizations cannot be underappreciated. Stakeholders are the individuals that are interested in ones company and gives ones business both financial and practical support.
Stakeholders include investors, employees, loyal customers etc. Based on the above question, Planet Paul understands even though it cost a little more, the stakeholder considerations are important if one want their business to succeed.
Mintzberg determined that managers tend to rely more heavily on ______ communication than ______ communication when conducting business.
Answer:
Verbal; written.
Explanation:
Professor Henry Mintzberg is a prolific and an amiable author on business and management. He was born on the 2nd of September, 1939 and works at the Desautels Faculty of Management in McGill University, Canada.
According to Prof. Mintzberg in his book titled "Mintzberg on Management: Inside our Strange World of Organizations," there are ten (10) primary roles which can be used to classify the functions of a manager; figurehead, liaison, leader, monitor, negotiator, entrepreneur, disturbance handler, spokesperson, resource allocator and disseminator.
Additionally, Mintzberg determined that managers tend to rely more heavily on verbal communication than written communication when conducting business. This is simply because managers consider a written communication such as memo, reports, or letters consume more time when compared with verbal communication such as telephone calls, meetings or face-to-face conversations .
A _____ is a written document with detailed specifications that is used to request bids for equipment, supplies, or services from vendors.
The answer is a request for proposal
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Any factor that can change
The things that change in an experiment are called variables. A variable is any factor, trait, or condition that can exist in differing amounts or types. An experiment usually has three kinds of variables: independent, dependent, and controlled.
a factor which can be changed in a experiment. ... all factors which remain the same for each repeated trial for all levels of the independent variableHELP MEE
What is a possible style of formatting your company could prefer?
A. Justification
B. Sans serif
C. TXS
D. MLA
SUBMIT
Answer: MLA
Explanation:
AP3X
pog
Mama Donna’s Bakery produces cupcakes in a variety of unique flavors. The company’s cupcakes are offered for sale in many local restaurants. When a purchase order is placed by a restaurant, the cost related to processing purchase order is most likely attributed to a(n) ________ activity.
Answer:
Batch Level
Explanation:
Batch level activity is the cost incurred that is related to the production of a certain batch of a product. It is usually associated with the cost incurred in the production of a group of units which cannot be traceable to individual units within a batch.
For instance, the incurred cost for setting up a machine to produce a batch of 10,000 units of an item is referred to as batch level cost. The cost can only be allocated to the 10,000 units produced per batch, not just one unit in the batch. In addition to machine setups, other cost drivers are inspection, purchase orders, direct labor hour, quality tests etc.
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A shift in demand may occur within a community in all of the following cases, except a change in __________.
A. birthrate
B. immigration
C. political leadership
D. age demographic
Answer:
C. political leadership
Explanation:
A shift in the demand curve occurs in many cases except for a change in political leadership.
What do you mean by demand?Demand refers to the ability, or willingness to buy a product, goods, or services.
A change in birthrate, immigration, and age demographic are the reasons for shifting in demand but a change in political leadership does not affect the demand.
Therefore, C is the correct option.
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A __________ is a group of customers who love their brand so much that they like to connect with other customers who think like themselves.
The 20% off sale is a better deal than the $200 rebate or $150 coupon for the $1,500 dining set. The Porters budgeted $1,250 for a new dining room set. Explain why this is the best deal for them. Are they under budget?
Answer:20% off is better and it is the only offer which is under the budget.
Explanation:Given,
The original cost of the dining set = $ 1,500,
If there is a off of 20%,
Then the discount on dinning table = 20% of 1500
= $ 300
So, the final amount of the dinning table after 20% off = 1500 - 300 = 1200 < 1250
Thus, it under the budget.
Now, in $ 200 rebate,
The new cost of the dinning table = 1500 - 200 = $ 1300 > 1250,
Thus, it is not under budget.
While, In $150 coupon,
The new cost of the dinning table = 1500 - 150 = $ 1350 > 1250,
Thus, it is not under budget.
20% off is better and it is the only offer which is under the budget.
20% off of the $1,500 dining set is $300, and the dining set price will be 1500 - 300 = $1200.
And by applying the $150 coupon, the dining set price will be $1500 - $150 = $1350.
Therefore 20% off is better and it is the only offer which is under the budget.
What is problem-solving?Problem-solving is the act of defining a problem; figuring out the purpose of the trouble; identifying, prioritizing, and selecting alternatives for an answer; and imposing an answer.
What are problem-solving and examples?Problem-solving starts with identifying the issue. As an example, a trainer may need to parent out a way to improve a scholar's overall performance on a writing talent test. To do that, the instructor will overview the writing exams looking for regions for improvement.
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XCEL Corporation paid a dividend yesterday for $1.50. They expect to pay dividends annually at a constant 6 percent annual growth rate indefinitely. If the required rate of return on this investment is 12 percent, what is the current value of this common stock?
Answer:
$26.50
Explanation:
The computation of the current value of the common stock is shown below:
Current price is
= Current year dividend ÷ (Required rate of return - Growth rate)
where
Current year dividend is $1.59
The Required rate of return is 12%
ANd, the growth rate is 6%
Now place these values to the above formula
So, the current price of the common stock is
= ($1.50 × 1.06) ÷ (0.12 - 0.06)
= $1.59 ÷ 0.06
= $26.50
An amount of money that is paid by the company to its shareholders on the regular basis is called a dividend.
The current value of this common stock is $26.50.
This can be estimated by:
[tex]\text{Current price} = \dfrac{\text{Current year dividend}}{(\text{Required rate of return - Growth rate})}[/tex]
Where,
The current year interest = $1.59
The essential rate of return = 12%
The growth rate = 6%
Hence, the current value of the common stock is:
[tex]= \dfrac{(\$1.50 \times 1.06)}{(0.12 - 0.06)}[/tex]
[tex]= \dfrac{\$1.59}{0.06}[/tex]
= $26.50
Therefore, the current price of the common stock will be $26.50.
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SalientVision Inc., a construction company, receives more than $2,000 in federal money. The company pays its employees at rates at least equal to the prevailing wages in the area. The calculation of prevailing rates by the company is based on 30% of the local labor force. In this case, which laws does the company comply with?
If total utility (TU) is rising as more salsa is consumed, we can definitely say that marginal utility (MU) is:
Answer:
D) greater than zero.
Explanation:
Here are the options to the question :
A) constant.
B) falling.
C) rising.
D) greater than zero.
Total utility is the total satisfaction derived from consuming a good or service.
Marginal utility is the change in total utility as a result of an increase in consumption
Marginal utility can either be increasing , decreasing or remain constant depending on the changes in total utility
If total utility is increasing, then marginal utility must be greater than zero
Please check the attached image for a table showing how marginal utility changes based on how total utility changes
A restaurant has been operating in the same location for decades. However, a
new restaurant opens across the street and sells very similar food. Both
restaurants try to win over customers by lowering prices and creating new,
innovative dishes. Which element of the free enterprise system does this
situation best reflect?
A. Competition
B. Limited role of the government
C. Individual freedom for producers
D. Profit motive
Competition
Is the correct answer as shown in the image below.
The element of the free enterprise system reflected here is competition. Therefore, the correct answer is option is A.
What is competition?Competition refers to a situation in which individuals or organizations strive to gain an advantage over others. In a market economy, competition is the driving force behind innovation and economic growth. It is an essential element of the free enterprise system as it allows producers to improve their products and services while keeping prices reasonable.
The two restaurant lowered prices and created new and innovative dishes. They did so to get ahead of their competition.
Thus, the element of the free enterprise system reflected here is competition. Therefore, the correct answer is option is A.
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A formal agreement between separately owned and controlled facilities to officially coordinate and share certain activities is most appropriately referred to as
Answer:
An affiliation
Explanation:
An affliation in management refered to act of associating, this could be a former agreement on a particular projects, whereby there is agreement between the partners to carry out a certain activities and how it's officially coordinated. It usually employed among organizations.
Therefore, from the question Formal agreement between separately owned and controlled facilities to officially coordinate is known as an affiliation
According to the law of supply, as the price of the good decreases, it causes A. a movement downward along the supply curve. B. a shift of the supply curve to the left. C. a movement upward along the supply curve. D. a shift of the supply curve to the right.
Answer:
A. a movement downward along the supply curve.
Explanation:
According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
This accounts for why the supply curve is positively sloped.
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Please check the attached image for a graph showing the supply curve