The enhanced productivity, innovation, and efficiency of a market economy are notable advantages.
A market economy is a form of economic system in which supply and demand, rather than government intervention, control the economy. An economy with a fully free market is one in which every resource is privately owned.
Which four market systems are there?
The four types of economic market structures are oligopoly, monopoly, perfect competition, and monopolistic competition. The following characteristics explain why the categories are different: In oligopoly, there are few producers, many in perfect and monopolistic competition, and one in monopoly. The organisational layout and other features of a market serve as the best definition of the market structure. We concentrate on factors that influence price and the nature of competition, but it's crucial to avoid putting too much emphasis on the market share of already-existing companies in an industry. The word "market" typically refers to a specific location where goods are bought and sold, but in the field of economics, it has a much broader definition.
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merchandise, gift certificates, and travel are the most frequently used incentives for recognition awards. True or False
Merchandise, gift certificates, and travel are the most frequently used incentives for recognition awards. - False
A delivery certificates is a crucial report that documents the start of a person. The time period "birth certificate" can confer with either the unique record certifying the circumstances of the start or to a licensed reproduction of or representation of the following registration of that delivery. depending on the jurisdiction, a report of birth would possibly or might not include verification of the occasion with the aid of together with a midwife or health practitioner. The United nations Sustainable improvement goal 17, an fundamental a part of the 2030 schedule, has a target to growth the well timed availability of information concerning age, gender, race, ethnicity, and other relevant characteristics.
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what does pei-chia lan call filipino and indonesian domestic workers laboring for newly rich families in taiwan?
A study of Filipino and Indonesian caretakers who were employed by newly wealthy families in Taiwan reveals how women—both employers and workers, maids and employers—create new global migration flows that unexpectedly destabilize gendered and patriarchal roles.
Is it through action that gender identity is expressed?Gender performance is the act of expressing one's gender identity.
Who are the four genders?Nouns in English are classified as masculine, feminine, common, or neuter.
Does Pangender exist?Pangenders are people who believe they cannot be classified as either male or female. The queer community intends for the term to mean "all genders" and is inclusive.
Which genders are there?Benestad has observed seven distinct genders through these real-life conversations: Personal, Eunuch, Intersex, Transgender, Nonconforming, and Female
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based on your understanding of equity carve-outs, is the statement above an advantage of equity carve-outs?
In a fairness carve-out, an enterprise sells stocks in a business unit. The final purpose of the organization may be to fully divest its pastimes, however, this may now not be for numerous years. The equity carve-out lets the business enterprise get hold of coins for the shares it sells now.
The seemingly obvious choice for a one-person business is a sole proprietorship, which might be the best style of business available. there's a solid quantity of flexibleness with a sole proprietorship, as you may be an impartial contractor or operate a small business in an extra conventional experience.
“One aspect hit companies have in not unusual is … a strong purchaser focus,” stated John Stevenson, advertising professional at My GRE examination education. “they invent a way of life that is targeted round their clients and consciousness their approaches, services, and products around their offerings wishes.
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a manufacturer wants to increase purchase rates of its product and reward those consumers who make multiple purchases. it decides to use a consumer-oriented sales promotion that has an expiration date and requires the purchaser to submit a proof of purchase. which sales promotion will the manufacturer use?
rebate sales promotion will be used by the manufacturer.
What is sales promotion?Promotions are one element of the promotion mix. The main elements of the advertising mix are advertising, personal selling, direct marketing and public relations. Sales Promotion is the use of both media and non-media marketing communications for a specific and limited period of time to increase consumer demand, stimulate market demand, or improve product availability. use. Examples include contests, coupons, giveaways, lottery guides, POS displays, prizes, giveaways, product samples, rebates, etc. Promotions can be directed to either customers, salespeople, or members of the sales channel. Sales Promotions aimed at consumers are called consumer promotions. Sales Promotions aimed at retailers and wholesalers are called trade promotions. Sales Promotions include multiple communication activities designed to provide value or incentives to consumers, wholesalers, retailers, or other corporate customers to facilitate immediate sales. These efforts may attempt to stimulate interest, testing, or purchase of the product. Examples of devices used for promotion include coupons, samples, prizes, POS displays, contests, rebates, and sweepstakes.To learn more about sales promotion from the given link :
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which employee would be competent in critical thinking, leadership, communication, and time management skills?
A cost nurse is a registered nurse (RN) who oversees a department of nurses.
Individuals in this position call on scientific and managerial abilities to care for sufferers while additionally imparting training and leadership to other nurses who are working with patients.
Can a cost nurse intubate?As referred to before, some nurses may operate the intubation procedure, depending on the situation, setting, and facility. However, all nurses can take part all through intubation.
What can I count on as a cost nurse?As a cost nurse, you'll be responsible for ordering supplies, scheduling nursing assignments for others on your shift and delegating responsibility, often whilst nevertheless interacting with your very own patients and their families.
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https://brainly.com/question/20448608#SPJ4what are buyers unsure about when a market has an adverse selection problem due to seller's having private information? the quality level of the units that are for sale. the level of quality that is desired in the product. the number of sellers that are in the market. the price that each seller is charging.
The buyers unsure about when a market has an adverse selection problem due to seller's having private information the price that each seller is charging.
What is a price?The sum or amount of money or value that something is bought, sold, or offered for sale. Amount offered for capture of survivors or deceased: The authorities placed a bounty on his head. The amount of the price or compensation (usually non-negative). In some cases, the production price is given another name. This competition of sellers versus sellers and buyers versus buyers determines the price of a product. Price is a measure of how rare a product is compared to all other products and all income. By definition, a price is the amount a customer must pay for a product or service. In other words, a price is a sale offer in a currency for a certain amount. The word offer here indicates that the price may change if an insufficient number of customers are found at the original price of the product.To learn more about price from the given link :
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2. johanna takes out a loan of $500 with a 16% nominal interest rate convertible quarterly. she makes payments of $20 at the end of each quarter. how much principal was repaid in the 4th payment?
Joanna obtains a $500 loan with a nominal interest rate of 16% that is convertible quarterly. She pays a $20 installment at the end of each quarter. The fourth payment of $92.8 settled the principal.
What does a loan's principle consist of?A principal payment is a contribution made to the loan's outstanding balance. In other terms, a principal payment is a payment made toward a loan that goes toward the principal balance owed rather than the interest owed on the loan.
How is principal repaid determined?When you first take out a home loan, you borrow a certain amount of money, which is known as the principal. Simply deduct your down payment from the final selling price of your home to determine your mortgage principal.
In the given question,
Loan= $500
Interest rate= 16%
Installment= $20
principal repaid on the 4th installment= 20* 0.016=3.2
= 20 + 3.2
= 23.2 * 4
= $92.8
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what is the most likely consequence of emphasizing internal job evaluations? multiple choice sales will increase. salespeople will be paid below the market rate. the status quo will be maintained. salespeople will look for new jobs with competitors. a hiring freeze will go into effect immediately.
The most likely consequence of emphasizing internal job evaluations is Salespeople will be paid below the market rate if they are brought in line with logistics.
Job evaluation is the systematic technique of determining the relative fee of different jobs in an agency. The goal of process assessment is to evaluate jobs with every different with a purpose to create a pay shape this is truthful, equitable, and regular for everyone.
A job evaluation is a systematic way of determining the price/well worth of a process with regards to different jobs in an organisation. It attempts to make a scientific assessment between jobs to assess their relative really worth for the reason of establishing a rational pay structure.
Job evaluation is the manner of evaluating a process towards different jobs in the agency to decide the correct pay charge.
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n the 1960s, the phillips curve was . a. a very popular explanation for inflation fluctuations b. consistent with a clear negative relationship between inflation and unemployment c. suggestive of a permanent trade off between inflation and unemployment d. all of the above e. none of the above
The correct answer is option D. In the 1960s, it was thought that any fiscal stimulus would boost aggregate demand and start the subsequent consequences.
Companies raise wages to compete and draw talent from a smaller talent pool as labor demand rises, the number of unemployed employees falls as a result, and unemployment rates decline. Corporate salary costs rise, and businesses pass those costs forward to customers by raising prices.
Due to this belief system, many governments adopted a "stop-go" strategy in which a goal rate of inflation was set and the economy was expanded or contracted using monetary and fiscal measures to attain the target rate. However, with the rise of stagflation in the 1970s, the consistent trade-off between inflation and unemployment collapsed, casting doubt on the Phillips curve's applicability.
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auditor most likely would assess control risk at high if the payroll department supervisor is responsible for:
Auditor most likely would assess control risk at high if the payroll department supervisor is responsible for approving adjustments to payroll rates for all employees.
You must have proof that the relevant controls were operationally effective for the whole period for which you intend to rely on them in order to determine control risk for particular assertions at a level lower than the maximum for the financial statement audit.
You will now have finished your control testing and be able to evaluate the control risk associated with each assertion for the purposes of your financial statement audit. For the purposes of your internal control audit, you will also be able to draw a provisional conclusion about the efficacy of the controls at CX-15. (When you have finished your substantive audit procedures, you will have reached your final conclusion regarding the efficacy of internal controls.) You should make sure that your financial statement audit's control risk assessments (High, Moderate, and Low) are consistent
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if the seller is to pay the freight costs of delivering merchandise, the delivery terms are stated as a.fob seller b.fob destination c.fob n/30 d.fob shipping point
Delivery terms are as follows: If the seller is responsible for paying the freight charges for shipping the product, the contract is considered FOB seller.
What is FOB?The shipping abbreviation "FOB" stands for "free on board". If the shipment is marked as FOB (Seller's Location), the seller registers the sale as completed as soon as the shipment leaves the seller's warehouse. Products are the property of the customer and must be delivered at the purchaser's expense.
FOB Final Destination: Goods remain the property of the Seller until delivered to the Buyer. However, the purchaser remains fully responsible for the goods once they arrive at his location.
Differentiation by FOB: Shipping costs are 'included' in the price according to the 'Delivery Price' clause of the 'Delivery Point' contract.
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decentralized business organization is one in which all major planning and operating decisions are made by top management. True or False
"Decentralized business organization is one in which all major planning and operating decisions are made by top management." This statement is True.
business is the practice of making one's living or making money by generating or buying and promoting merchandise. it's also "any interest or organization entered into for income." A commercial enterprise is defined as an enterprise or enterprising entity engaged in industrial, commercial, or expert sports. organizations can be for-income entities or non-income businesses. enterprise kinds variety from restricted liability businesses to sole proprietorships, groups, and partnerships.
historically, commercial enterprise clearly intended exchange or exchange for matters humans wanted or wanted. nowadays it has a more technical definition. ● One definition of enterprise is the production, distribution, and sale of. goods and offerings for an income.
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rick bought a bond when it was issued by macroflex corporation 14 years ago. the bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. interest is paid every six months; the next interest payment is scheduled for six months from today. assuming the yield on similar risk investments is 14 percent, calculate the current market value (price) of the bond.
The current market value(price) of the bond is $917.771
Life=20 years but is 14 years old
Coupon rate=10%
Discount rate=12%
FV=$1000
Price=$100*PVIFA(12%,6)+$1000*PVIF(12%,6)
=$411.140+$506.631
=$917.771
An IOU-like debt security known as a bond. Borrowers create bonds to get money from investors who are willing to lend to them for a set length of time. When you buy a bond, you are lending money to the issuer, which could be a business, an organization, a municipality, or both. The four different categories of bonds include corporate bonds, municipal bonds, government bonds, and agency bonds. Bond prices and coupon rates have an opposing relationship. Bond prices decline when interest rates increase and rise when interest rates decrease.
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the lemma company manufactures and sells 10 products. ways have been found to cut both the setup and inventory holding costs in half. what effect will this have on the economic order quantities of the 10 products?
The Lemma Company manufactures and sells 10 products. Ways have been found to cut both the setup and inventory holding costs in half. They will have no effect on the economic order quantities of the 10 products as they will not change.
The economic order is the way in which the allocation of inventory is organized within a society. This can be done through a variety of means, such as the market, central planning, or other mechanisms.
A well-functioning market economy is essential for the prosperity of any society. It enables businesses to thrive and provides people with the opportunity to improve their standard of living.
Hence the correct option is (B) They will not change.
The question is incomplete, the complete question is:
The Lemma Company manufactures and sells 10 products. Ways have been found to cut both the setup and inventory holding costs in half. What effect will this have on the economic order quantities of the 10 products?
A) They will be reduced by a factor of 1.41.
B) They will not change.
C) They will be reduced by a factor of 2.00.
D) They will be increased by a factor of 1.41.
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when looking to create video content for your marketing strategy, what three best practices should you look to include?
Three best practices should you look to include to create video content for your marketing strategy is the video's length, script, content, format, sound, lighting, editing, and captions.
A content video writer is all and sundry who produces content material and stocks it with their audience, commonly online, even though technically making use of to any medium.
An advertising and marketing approach is a long-time period plan for reaching a company's desires with the aid of using knowledge the wishes of clients and growing an awesome and sustainable aggressive advantage. It encompasses the entirety from figuring out who your clients are to identifying what channels you operate to attain the ones clients.
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kitchen clean contracts to provide services for chef rave's restaurants at a rate of $1,000 per month to begin next month. after the first cleaning, kitchen clean complains that the conditions of the exhaust hoods were worse than either party knew. the parties agree to a new agreement for $1,500 per month during months when the hoods require cleaning and $1,000 for all other months. the parties have discharged their original contract via what method?
the parties have discharged their original contract via the method of Accord and Satisfaction.
An accord and satisfaction is a legal agreement between two parties to settle a tort claim, contract, or other liability for a sum based on terms that are different from the contract's or claim's initial value. Prior to going to court, legal matters are frequently resolved through agreement and satisfaction.
The agreement on the revised terms of the contract is referred to as the accord, and compliance with those conditions is referred to as the satisfaction. All past claims to the matter are waived whenever there is an agreement and satisfaction, and the performance (or satisfaction) has been carried out.
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what's lean operations what's the link between lean philosophy and product development? which one influences the other? how does lean philosophy contribute to improving organizations in a competitive market?
Doing more with less is the guiding idea behind the business strategy known as lean operations. Doing more with less is the guiding idea behind the business strategy known as lean operations.
The goal of the lean product development method is to continuously enhance product development processes while reducing waste.
Using visual work planning and management to improve visibility, coordination, and flow of work is one of the frequent ways that Lean is applied in product development. incorporating knowledge production, capture, and reuse into the system.
By identifying the most important strategic areas for change and then streamlining the processes in each, lean helps firms gain a competitive edge. Through increased effectiveness and efficiency, industry credibility, and market share, they are able to benefit from this.
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when an od consultants deals with a supervisor who does not recognize the need for change, even though the director has stated their division needs restructure, they are working with a(n) .
It is an example of Adaptive change which is required for the change in company .
What is meant by Adaptive change ?
Changes made to address fuzzier problems or challenges are referred to as adaptive changes. Adaptive change arises from difficult-to-identify complex challenges that frequently lack a clear solution. Experimenting with novel methods and procedures may be necessary to identify potential long-term solutions.
Adaptability can’t afford to be missing if you want to do well as a leader. Adaptable leaders get the respect of their peers and inspire those they lead to accept change, ensuring that corporate operations run as smoothly as possible.
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kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to help fund it. its common stock is currently selling for $33.35 per share, and it is expected to pay a dividend of $1.36 at the end of next year. flotation costs will represent 8% of the funds raised by issuing new common stock. the company is projected to grow at a constant rate of 9.2%, and they face a tax rate of 25%. what will be the wacc for this project? (note: round your intermediate calculations to two decimal places.) grade it now save
WACC is the average rate that a company expects to pay to finance its assets. The WACC for this project will be 13.404%.
The weighted average cost of capital (WACC), which includes common stock, preferred stock, bonds, and other types of debt, is the average after-tax cost of capital for a company. The WACC is the typical interest rate that a business anticipates paying to finance its assets.
Because WACC expresses the return that both bondholders and shareholders require in order to provide the company with capital in a single value, it is frequently used to calculate necessary rate of return (RRR).
The model can me modified to determined the cost of equity having flotation cost as follows:
Cost of equity = D(1+r )/P(1-f) + g
d- dividend, p- price of stock , f - flotation cost , - g- growth rate
Cost of common stock for Kuhn
D(1+r) =1.36 , g- 9.2%, P= 33.35, f-8% g-9.2%
Cost of common stock = 1.36/(33.35× (1-0.08)) + 0.092= 13.404%.
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for most breach of contract claims, the remedy at law will be awarded by the court to the nonbreaching party.
For most breach of contract claims, the remedy at law will be awarded by the court to the nonbreaching party. There are many options for dealing with contract violations, including restitution, rescission, specific performance, and damages.
You may be able to bring a breach of contract lawsuit when someone violates the conditions of a contract. These disputes are frequently encountered in commercial litigation. A claim for breach of contract must have the following four components: a legitimate contract, performance, breach, and damages. We outline each component of contract breach in Texas, viable defenses, and the possible financial penalties you could face. Our business litigation attorneys at Massingill have the knowledge and abilities to achieve a successful outcome for you.A court will typically hear a contract case where one or both parties allege that the terms of the agreement have been broken. A breach of contract occurs when a promise that is a component of a contract is not kept without a valid justification.
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say you are buying a bicycle. you do not plan to use the bicycle for more than a few years before buying a new one, but will rely on it in the meantime. you know that your bicicyles tend to need repairs periodically, but you tend to take good care of them overall. the bicycle is relatively cheap, so you do not want to invest too much money into it. what kind of warranty would be a good one to purchase and why?
You have to buy a bicycle with sufficient quality for your activities, then choose a bicycle with a relatively cheap price so that your money can be invested.
Investment is the activity of placing capital in the form of money or other valuable assets into an object, institution, or party with the hope that the investor or investor will benefit after a certain period of time. Because of the hope of getting profits in the future, this investment is also known as investment. The term investment itself comes from the Italian word, investire which means to use or use. Generally, funds or assets invested by an investor will be developed by the agency or party that manages it. The profits from the development will be distributed to investors as a return in accordance with the provisions between the two parties.
Economically, in investment, investors will buy something that will not be used now. Something that is purchased is stored as property which after a certain period of time can change in value. Investing does not always lead to profit. There is also a risk of loss in investing. Therefore, it is very important to understand the types of investments and their risks.
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the price of imported oil decreased in 2001. how did this affect the aggregate supply curve? it became steeper. it shifted outward. it shifted inward. it became flatter.
The shift inward and flattening of the aggregate supply curve that results from rising money salaries is the most notable effect.
Therefore, an increase in the cash salary fee reduces combination delivery. The effect of a change inside the cash salary charge is depicted . Combination deliver is reduced by an increase in the cash wage fee, and the combination deliver curve changes to the left from ASO to AS2. An increase in the cash wage rate no longer affects the capacity of GDP. As productivity rises or the cost of essential inputs declines, the combination delivery curve shifts to the right, making a combination of lower inflation, higher production, and lower unemployment conceivable.
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33) suppose an institution has purchased a $250,000 mortgage loan from the loan originator and wishes to create a mortgage pass-through security. in doing so, this institution will generate revenue by charging a servicing fee of 35 basis points. if the monthly mortgage payment on the loan is $1,250, how much income is passed through to the investor in the mortgage pass through each month (rounded to the nearest dollar)?
Each month, $1,177 is transferred to the investor via the mortgage pass-through. Thus, the right amount is $1,177.
What is a mortgage loan?A mortgage loan, also known as a hypothec loan in civil law nations, is a loan used by purchasers of real property to raise cash to acquire real estate, or by current property owners to generate funds for any purpose while establishing a lien on the property being mortgaged.
First, we use the formula to determine the Monthly service charge,
Monthly servicing fee = Monthly servicing fee rate * Outstanding loan balance,
The service fee is 35 basis points, or 0.35%, and is calculated on an annual basis; we will adjust it to a monthly basis.
= (0.35%/12) * $250,000
= $72.92
To determine the amount that passes through to the mortgage pass, we use the following formula:
Mortgage pass-through amount = Monthly mortgage payment - Monthly servicing fee
= $1,250 - $72.92
= $1,177.08,
= $1,177
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a company had interest expense of $3,900, income before interest expense and income taxes of $16,600, and net income of $7,000. the company's times interest earned ratio equals:
The Times Interest Earned Ratio of the company is 4,26. It can be calculated by divided Income before Interest Expense and Income Taxes with interest expanse.
In business, The Times Interest Earned Ratio or known as TIE generally can be described as measures a company's ability to service its interest expense obligations based on its current operating income. The Times Interest Earned Ratio (TIE) also known as the interest coverage ratio. The function of The Times Interest Earned Ratio is to helps measure the credit health of a borrower.
The calculation:
Times Interest Earned Ratio = Income before Interest Expense and Income Taxes / Interest Expense
Times Interest Earned Ratio = $16,600 / $3,900 = 4.26
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an arm loan with a teaser rate of 1.0% for the first loan year, an index of the one-year u.s. treasury, a margin of 2.5%, a periodic interest rate increase cap of 2.0% and a lifetime interest rate increase cap of 5.5% with annual adjustments, would have a maximum interest rate of what for the fourth loan year if the one-year u.s. treasury rate is 4.75% at the interest rate reset date just before the beginning of the fourth loan year?
The cost a company pays a lender (creditor) for a loan is called interest. Although many other arrangements are available, interest payments are typically based on the remaining balance of a loan and paid on a monthly basis.
What is Periodic interest ?
Usually, a daily periodic interest rate is multiplied by the balance owed at the end of each day to calculate interest. The amount of interest is compounded daily since it is added to the balance from the previous day. At a predetermined interest rate, interest is often computed as a percentage of the loan balance.
The cost of borrowing money is called interest, and it is typically stated as a percentage, such as an annual percent rate (APR). For utilizing their money, borrowers may pay interest to lenders, or lenders may charge interest to borrowers. Simple interest calculated on the principal or compound interest calculated on the principal plus any prior interest is how interest is frequently defined.
Credit cards, mortgages, auto loans, personal loans, savings accounts, and penalty assessments are all frequently linked with interest. The macroeconomic policy set by the Federal Reserve's funds rate has a significant impact on interest rates.
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Lower-level public agency employees who take actions outlined in law are known as ______.
Lower-stage public employer personnel who take moves mentioned in regulation are recognized as Street-Level Bureaucrats.
These are public personnel who have interaction immediately with residents and feature good sized discretion withinside the execution in their work (1980:3). Examples are teachers, police officers, widespread practitioners and social employees. These street-stage bureaucrats enforce public policies. Street-stage bureaucrats act as liaisons among authorities coverage-makers and residents and those civil servants enforce coverage selections made with the aid of using senior.Street-Level Bureaucrats in Perspective.
“Street-stage bureaucrats” are public provider employees “who have interaction immediately with residents withinside the direction in their jobs, and who've good sized discretion withinside the execution in their work. A few examples include police officers, border guards, social employees and public faculty teachers. These civil servants have direct touch with individuals of the overall public, in assessment with civil servants who do coverage evaluation or financial evaluation, who do now no longer meet the public.
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your client owns a portfolio of blue-chip equity securities and would like to reduce his risk of a market downfall through the use of options. the most effective way to achieve this objective is to:
Writing covered calls is the investor's most conservative approach to achieving his goal.
How do you write a covered call?You sell someone else the right to buy a stock that you already own, at a set price, within a given time frame when you write a covered call. To use this technique, you must own at least 100 shares for each call contract you intend to sell because one option contract typically equals 100 shares. The investor's most cautious strategy for accomplishing his objective is to write covered calls. His stock portfolio's yield will increase as a result of the call premium he receives because it will increase the amount of money the stock's dividends bring in. Although a covered call is frequently thought of as a low-risk options strategy, this isn't always the case. Despite the fact that the writer has limited the option's danger
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speyer medical clinic measures its activity in terms of patient-visits. last month, the budgeted level of activity was 1,190 patient-visits and the actual level of activity was 1,180 patient-visits. the cost formula for administrative expenses is $4.30 per patient-visit plus $23,500 per month. the actual administrative expense was $23,200. in the clinic's flexible budget performance report for last month, the spending variance for administrative expenses was:
The clinic's spending variance for administrative expenses last month was $3,895 F, assuming that the actual administrative expense was $22,000.
What is a variance in spending?
Spending variation is the difference between what someone actually paid for something (the actual cost) and what they anticipated it would cost (the projected cost).
A company's spending variance can be used to determine whether it is operating effectively or whether its standards for setting budgets and performing calculations are reliable. This enables you and your client to reevaluate the production costs and operating expenses.
Calculation:
The initial step is to identify the anticipated administrative costs.
Expected administrative costs equal expected patient visits multiplied by the cost per visit plus an additional sum.
Expected administrative costs are equal to 1140 x $4.30 plus $23,500.
Administrative costs anticipated = $4,902 + 23,500
Expected administrative costs are $28, 402 dollars.
Let's now determine the spending variation.
Variance in Spending = $23,200 - $28,402
Cost Variance = $5,202 F.
Consequently, the spending variance is $5,202 in favor.
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accounts receivable are normally reported at the:multiple choice current value less expected collection costs.expected amount to be collected.present value of future cash receipts.current value plus accrued interest.
Accounts receivable are normally reported at the expected amount to be received.
The balance of money owed to a business for goods or services delivered or utilized but not yet paid for by clients is known as accounts receivable (AR). On the balance sheet, accounts receivable are shown as a current asset.
Any sum of money that clients owe for purchases they made using credit is known as AR. Due to the customer's legal duty to pay the debt, businesses include accounts receivable as an asset on their balance sheets.
They are regarded as liquid assets since they can be pledged as security against a loan to cover immediate expenses. The working capital of a business includes receivables.
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the miller company earned $125,000 of revenue on account during year 1. there was no beginning balance in the accounts receivable and allowance accounts. during year 1, miller collected $83,000 of cash from its receivables accounts. the company estimates that it will be unable to collect 3% of its sales on account. what is the amount of uncollectible accounts expense that will be recognized on the year 1 income statement?
The amount of uncollectible accounts expense that will be recognized on the year 1 income statement will be $38,250.
A valuation method called net realizable value (NRV), which is popular in inventory accounting, takes into consideration the total amount of money an asset can bring in from sales less an estimate of the charges, fees, and taxes related to that sale or disposal.
The computation of the net realizable value is shown below:
= Earned revenue - cash collected amount - estimated value
where,
Earned revenue is $125,000
Cash collection is $83,000
And, the estimated value is
= $125,000 × 3%
= $3,750
So, placing these values to the above formula the net realizable value is
= $125,000 - $83,000 - $3,750
= $38,250
The amount of uncollectible accounts expense that will be recognized on the year 1 income statement will be $38,250.
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