First learning about customer needs and wants and then tailoring solutions to customer problems as a means to customer value creation.
Tailoring refers to a garb item this is custom-geared up for the wearer. because the clothing is custom-healthy, it's going to look accurate at the individual it was made for. Tailoring is something that most people can not do for themselves, consequently, it comes at a rate.
The word “tailor”, which first appeared in the Oxford Dictionary in 1297, comes from a French word—tailler—meaning “to reduce.” The Latin phrase for tailor turned into sartor, meaning a person who patches or mends clothes; the English word “sartorial”, for something associated with tailored garments, is derived from this word.
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a(n) in current assets increases net working capital, thereby the risk of insolvency. decrease; increasing increase; increasing increase; reducing decrease; reducing
As per working capital concept, A(n) increase in current liabilities decreases net working capital, thereby increases the risk of technical insolvency.
What is meant by Working Capital?
In general terms, Working capital refers to the current assets minus current liability and it tells about company's day to day operation and indicates about financial capacity to pay its debt within a year.
Here we need to find the missing part in the statement a(n) in current assets increases net working capital, thereby the risk of insolvency.
Here we know that, the increase in the current liabilities implies that there is a decrease in working capital.
So, it implies that company has increased its debt which can result in the risk insolvency.
Therefore, option (B) is correct.
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FILL IN THE BLANK. The ______ of the job description identifies the knowledge, skills, abilities, and educational levels needed to perform the job and to establish performance standards for the position.
The establish performance of the job description identifies the knowledge, skills, abilities, and educational levels needed to perform the job and to establish performance standards for the position.
What are your natural abilities?Natural abilities are the traits hardwired within each person that make some tasks in life easier. Career services professionals likely apply this concept to work with clients, but do those individuals get value from simply understanding natural abilities.
What are your hidden talents?Hidden talents are abilities or skills you didn't know were possible or didn't even know you have. When people think of talents, they often only focus on drawing, acting, singing, playing instruments, learning languages quickly, and so forth. Of course, these are all excellent talents, but many others exist too!
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currently, your company is in the process of upgrading security in the company headquarters building by installing biometric sensors to limit access to specific rooms.your network switches are poe-enabled, which allows biometric sensors to connect to switches without an external power source.which of the following poe standards is designed for use with biometric sensors?
Currently, your company is in the process of upgrading security in the company headquarters building by installing biometric sensors to limit access to specific rooms. Your network switches are PoE-enabled, which allows biometric sensors to connect to switches without an external power source. PoE+ standards is designed for use with biometric sensors.
Between PoE and PoE+, what is the difference?The amount of power delivered is the primary distinction between PoE+ (IEEE 802.3at) and PoE (IEEE 802.3af standard). PoE+ can supply up to 30 watts over Cat5 cables, with 25.5 watts of that power being made available to devices, compared to PoE's 15.4 watts over the same cables. Between PoE and PoE+.
What does PoE (Power over Ethernet) mean?In addition to the data that twisted-pair Ethernet cables typically carry, powered devices (PD) like VoIP phones, IP cameras, and wireless access points can also receive electric power using PoE technology.
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neil's bakery is famous for its giant cinnamon buns. the bakery has fixed costs of 100 dollars. neil must pay each other
Neil has to hire 3 workers (B) to maximize his profits after the incrase of the fixed costs.
From the case, we know that:
New fixed costs = $200
Wages per worker = $10.00 per hour
Selling price = $2.00 per unit
Remember that:
VC = Total hours x wages per worker per hour
Total revenue = selling price x quantity produced
To find the maximum profits, we have to find the total revenues, total costs and expected profits for each scenario. The total revenues, total costs and expected profits are:
No. of Total Q produced Total Revenue VC FC Profit
workers hours
1 80 750 $1,500 $800 $200 $500
2 160 1,400 $2,800 $1,600 $200 $1,000
3 240 2,000 $4000 $2,400 $200 $1,400
4 320 2,100 $4,200 $3,200 $200 $800
5 400 2,150 $4,300 $4,000 $200 $100
Based on the calculation above, the maximum profit occurs if Neil hire 3 workers and sell 2,000 buns.
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Complete Question:
(Refer to table attached below)
Neil's Bakery is famous for its giant cinnamon buns. The bakery has fixed costs of $100. Neil must pay each worker a wage of $10.00 per hour. The table shows how many cinnamon buns he can produce with his labour force. He can sell each cinnamon buns for $2. Suppose the fixed costs rise to $200, how many workers should be hire now to maximize profits?
a. 2 workers
b. 3 workers
c. 4 workers
d. 5 workers
hedonism, the word, relates to the pursuit of pleasure and pleasurable sensations. hedonism is a big deal in the marketing world where most consumer decisions are driven, directly or indirectly, by the pursuit of pleasure or the desire to avoid pain.
The word "hedonism" refers to the pursuit of pleasure and gratifying experiences. In the realm of marketing, hedonism is a serious concern since the majority of customer choices are motivated, either directly or indirectly, by the desire to experience pleasure or the avoidance of suffering. Both claims are accurate. The right response in this case is option A.
Consumer behavior that seeks sensory enjoyment or hedonistic advantages from engagement with products or services is the focus of hedonistic consumption.
Hedonism is the idea that the morality of a proposed course of action should be judged primarily on the basis of pleasure or the absence of suffering. Pleasure can be "sex, drugs, and rock 'n' roll," but it can also be any activity that is genuinely worthwhile, such as reading a good book.
Complete question:
Hedonism, the word, relates to the pursuit of pleasure and pleasurable sensations. Hedonism is a big deal in the marketing world where most consumer decisions are driven, directly or indirectly, by the pursuit of pleasure or the desire to avoid pain.
1) Both statements are true
2) Both statements are false
3) Statement 1 is true, and statement 2 is false
4) Statement 1 is false, and statement 2 is true
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TRUE/FALSE. under the principles of agency law, any sale of goods by a salesperson in a store to a customer can be binding on the owner of the store.
Under the principles of agency law, any sale of goods by a salesperson in a store to a customer can be binding on the owner of the store is true statement.
The salesperson is the store owner's representative under agency law as it relates to employment because they are acting on their behalf. Since they are the owner's representative, it is presumed that whatever they are selling is coming from the owner, and as such, it may be enforceable against the owner.
Because the owner may be held liable for the activities of their agents, the Agent must behave in the owner's best interests. For instance, the business, not the salesman, might be held liable for injuries caused by defective equipment.
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which of the following is most likely to have a large union membership that experiences little import competition?
Most likely, Police Services has a sizable union membership and little foreign competition.
What advantages come with joining a union?Employees can bargain with employers about pay, bonuses, health and safety at work, job training, and other work-related problems from a position of power through their union. Unions play a significant role in ensuring that management treats its employees fairly and with respect.
The union is open to everyone :No of their unique citizenship or visa status, employees who live and work in the US are entitled to create or join unions. Employees who reside abroad are subject to the labor laws of their home nation and are infrequently represented by unions established in the US.
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The Taylor rule sets the target federal funds rate based on which of the following? A. the inflation rate only B. the unemployment rate only C. the output gap only D. both the inflation rate and the unemployment rate E. both the output gap and the inflation rate
The Taylor rule sets the target federal funds rate based E. both the output gap and the inflation rate. With output gap and the inflation rate, a federal target funding rate can be set.
The notion of inflation is a period at a certain time, where there is a decrease in purchasing power of the monetary unit. Inflation can arise if the value of money deposited in circulation is greater than the amount of goods or services offered.
Inflation that occurs is caused by an increase in demand for certain types of goods/services. In this case, the increase in demand for these types of goods/services occurs in aggregate (aggregate demand).
This can be caused by several factors, including:
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Carolina, the accountant for Duke Manufacturing, tells Jacob, who works in customer service for Duke, that that their company's customer satisfaction rating predicts sales revenue in dollars. Carolina's comment indicates that sales revenue is a. a nonfinancial metric b. a lagging indicator c. a leading indicator d. both a leading and a lagging indicator
Carolina's comment indicates that sales revenue is a lagging indicator. Trends and shifts in trends are confirmed by lagging indicators.
An observable or quantifiable quantity that varies some time after the economic, financial, or business variable with which it is connected changes is known as a lagging indicator.
Lagging indications are helpful for determining the direction of the overall economy, for corporate operations and strategy, and as signals to purchase or sell assets on the financial markets.
An observable or quantifiable quantity that varies some time after the economic, financial, or business variable with which it is connected changes is known as a lagging indicator.
The unemployment rate, company profitability, and labor cost per unit of output are a few typical examples of lagging economic indicators.
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The following information is available for wildhorse company:
Sales
$455,000
Cost of goods sold
110,000
Total fixed expenses
80,000
Total variable expenses
120,000
Which amount would you find on Jimmy's CVP income statement?
Contribution margin is computed as sales less total variable expenses.
The CVP income statement will show Sales $450,000 - Total variable expenses $120,000 = Contribution margin of $330,000
Variable costs and fixed costs are typically separated in CVP revenue statements. Determining the contribution margin,the difference between total sales and total variable costs, is necessary in this situation.
The CVP Income Statement will Report a
Contribution Margin of $450000
The question is incomplete, Therefore,
A CVP income statement replaces the gross profit
computation in its report with the computation of
the Contribution Margin.
The CVP report will therefore report as follows
The sales = $450000
The Total Variable Expenses =$390,000
The Contribution Margin therefore =
The Sales - Total Variable Expenses
= $450000- $120000
= $33000.
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in theory, ____ of a product in a free-market economy will drive up the price, reduce demand, and reduce consumption.
In theory, reducing supply of a product in a free-market economy will drive up the price, reduce demand, and reduce consumption.
Supply is defined as the amount of goods and services or products being produces by producers, manufacturers, or companies, while a demand is defined as the amount of goods and services that consumers are willing to purchase and obtain. The economic principles stated that supply and demand are negatively correlated as an increase in the price of goods and services will drive the supply up but at the same time it will decrease the demand, and vice versa, a decrease in the price will increase the demand but decreases the supply of goods and services.
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the may 17, 2020, price quotation for a boring call option with a strike price of $86 due to expire in november is $29.80, while the stock price of boring is $78.80. the premium on one boring november 86 call contract is
One Boring November 86 call contract has a $3440 premium. So, the premium on one boring November 86 call contract is 3440.
The price at which a share of stock is currently being exchanged on the market is known as the stock price. Each share of a publicly traded firm is issued at a price that, ideally, is equal to the worth of the company itself. Stock prices are impacted by the supply and demand for shares, which are driven by investors wishing to buy or sell shares. Although these transactions have an impact on stock values, it is impossible to predict how they will evolve.
call price = call option premium = 21.30
a 100-contract size
call price times contract lot equals the total premium on a call contract.
= 34.40*100
= $3440
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under the uniform transfers to minors act (utma), a custodian may invest in all of the following except
Under the Uniform Transfers to Minors Act (UTMA), a custodian may invest in all of the following except blue-chip stocks on margin.
Securities in an account may not be acquired by a custodian on margin or used as collateral for loans.
The majority of states enacted the Uniform Transfers to Minors Act (UTMA), which extended the Uniform Gifts to Minors Act by authorizing the transfer of all types of property to minors, including bonds, real estate, and works of art. UTMA permits the transfer of property to a minor without the need for a formal trust.
When a UTMA custodial account's minor beneficiary achieves the age of maturity, the custodianship ends and they are granted full legal ownership of the account's contents. It's significant to remember that each state has a somewhat different maturity age. Typically, it is either 18 or 21.
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a provides employees with a knowledge of what their firm expects in terms of their responsibilities and behaviors towards their fellow employees, customers, and suppliers
In general, a code of ethics provides workers with the information of what their firm expects in terms of responsibilities and behavior toward fellow workers, customers, and suppliers.
All workers are expected to become conversant in this Code of ethics and to use these guiding principles within the daily performance of their job responsibilities.
Ethical businesses have a high ethical code and expect honest and trustworthy behavior from everybody in their organizations. Chief government officers and alternative high-level company leaders hold themselves answerable for following and implementing constant moral standards as their workers.
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suppose the government is thinking about levying a per-unit tax of $100 on firms supplying either gaming consoles or internet routers. the supply curves for both of the two goods are identical, as given by the following graphs. the demand for gaming consoles is given by dc (on the first graph), and the demand for internet routers is given by dr (on the second graph).
Gaming consoles have a larger percentage of deadweight loss, making them more inefficient.
The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss. Deadweight loss, a term mostly used in economics, refers to any deficit brought on by an inefficient resource allocation.
Gaming console:
tax revenue = 100 * 50 = $5000
deadweight loss = 1/2 * (300-50) * 100 = $12500
Internet router:
tax revenue = 100*200 = 20000
deadweight loss = 1/2 * (300-200) * 100 = 5000
Internet router should be taxed
Since deadweight loss of internet router is lower, internet router should be taxed.
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Cranston Cranberry Cooperative (CCC) processes cranberries that are harvested in the local area. Barrels of cranberries arrive on trucks to CCC’s facility at a rate of 150 barrels per hour and are processed continuously at a rate of 100 barrels per hour. Trucks arrive at a uniform rate over 8 hours, from 6:00 a.m. until 2:00 p.m. What is the maximum number of barrels of cranberries that are waiting on the trucks at any given time?
A. 100 barrels
B. 200 barrels
C. 400 barrels
D. Infinitely many barrels
400 barrels is the maximum number of barrels of cranberries that are waiting on the trucks at any given time.
BarrelsA barrel is one of numerous volume measures used in various settings; there are dry barrels, fluid barrels (such as the UK and US beer barrels), oil barrels, and so on. Our Wide Mouth Type barrels are easy to handle. These barrels, made of high-quality food-grade plastic, provide non-toxic storage for a variety of fluids such as oils, water, and chemicals. Because there are no joints or welds, these barrels are leak resistant. Barrels Direct offers a service unlike any other used oak barrel resource, thanks to our Quality Guarantee, in-house River Drive cooperage and millwork shop, proprietary Fiber Infusion Technology TM, and significant shipping expertise at some of the best prices in the industry.
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Assume that on January 1, 2018, a parent company acquired an 85% interest in a subsidiary's voting common stock. On the date of acquisition, the fair-value of the subsidiary's net assets equaled their reported book values except for machinery and equipment, which had a fair value of $780,000 and a reported book value of $325,000. the machinery and equipment had a 5-year remaining useful life and no salvage value. The following are the highly summarized pre-consolidation income statements of the parent and subsidiary for the year ended December 31, 2019:
Income Statement Parent Subsidiary
Revenues $2,808,000 $374,400
Equity income 81,770 -
Expenses (1,872,000) (187,200)
Net income $1,017,770 $187,200
For the year ended December 31, 2019, what amounts will be reported for (1) consolidated net income and (2) net income attributable to the noncontrolling interest, respectively, in the parent's consolidated financial statements?
a. $1,032,200 and $14,430
b. $1,017,770 and $14,430
c. $1,045,850 and $28,080
d. $1,204,970 and $28,080
A. $1,032,200 and $14,430. consolidated net income in the given question will be $1032200 and net income attributable to the noncontrolling interest is $14,430
Consolidated Net Income refers to the net income (or loss) of the Borrower and its Subsidiaries for any period calculated in accordance with GAAP on a consolidated basis for such period treated as a single accounting period.
For periods following the purchase, consolidated net income is shown on the consolidated income statement. The consolidated net income is divided into two parts: consolidated net income owing to controlling interest and consolidated net income attributable to non-controlling interests when the subsidiary is not entirely owned.
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apple used this pricing strategy when they set a high introductory price for the new apple x phone, but eventually lowered the price after more consumers entered the market.
Apple uses a premium price strategy for iPhones and that they have an honest, better, best lineup. Within the company's read, the iPhones are superior to contestant offerings, and customers like the Apple phones. For that, customers are willing to pay a premium.
Apple utilizes a minimum publicized worth, or MAP, retail strategy. This premium price strategy prevents retailers from evaluating their Apple product below the MAP. By guaranteeing that Apple products ne'er drop below a particular premium price, Apple will maintain their product quality.
Apple may be a sturdy example of a complete price-skimming. Traditionally, new Apple products—like the iPod, iPhone, and iPad—launch with a premium worth hooked up.
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which one of the following says that real estate acquired by either spouse during a marriage (in most cases) is considered community property?
Community property rights, provide that any real property acquired by either spouse during the marriage is considered community property and is owned jointly by both spouses. Correct answer: letter A.
This applies in most cases and is an important aspect of marital property law. Equitable distribution laws, on the other hand, refer to the distribution of property during a divorce.
What are acquired real estate?Acquired real estate can be used for a variety of purposes, including investment, development, and leasing. When purchasing acquired real estate, buyers should consider the location of the property, its condition, zoning regulations, and other factors that may influence the value of the property in the future.
When purchasing acquired real estate, it is important to invest in a property that is likely to appreciate in value over time. This can include properties in desirable neighborhoods, or ones that are close to amenities. Additionally, buyers should consider the return on their investment and the potential for capital gains. It is also important to be aware of any liens or encumbrances that may be attached to the property, as well as the local laws and regulations that may affect the property.
Which one of the following says that real estate acquired by either spouse during a marriage (in most cases) is considered community property? Select an option:
A) Community property rights
C) Marital property laws
D) Equitable distribution laws
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FILL IN THE BLANK. a specific combination of alleles is an organism's___, while the physical expression of those alleles is the organism's___for that trait.
The specific combination of alleles is an organism's genotype while the physical expression of those alleles is the organism's phenotype for that trait.
The form in which the sequenced data found in a single gene can be produced is called an allele. Within a gene, which is a piece of a chromosome and regulates the expression of particular features, one allele is coupled with another. For each autosomal gene, one allele is inherited from each parent, and we often group the alleles into categories.
The final combination of the alleles for the genes chosen for study is referred to as the genotype. A phenotype is the manifestation of a genotype as a trait. It is the morphology or physiology that results from the interaction of various alleles. Thus, an organism's genotype for a trait is determined by the particular allele combination present, and its phenotype is determined by how those alleles manifest physically in the organism.
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when stocking shelves, it is important to ____supplies by placing the oldest items in the front and newer items behind them.
For taxation purposes, FIFO presumes that the cost of items sold on the income statement includes the assets with the oldest expenses (COGS).
FIFO method: Why is it used?A weighted average cost accounting system, for example, does not allow for the accounting of variations in product costs, but FIFO allows. When using average cost, the COGS calculation is static until a fresh product purchase.
Why do FIFO and LIFO exist?First in, first out (FIFO) inventory management aims to value inventory to reduce the likelihood that the company would suffer a loss when things go bad or become obsolete. For nonperishable products, LIFO (last in, first out) inventory management is preferable since it determines the cost of commodities sold by using the most recent prices.
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calculate the tax adjustment for allowances. an employee will have less federal income tax withheld for every allowance that they claim. allowances account for the number of dependents they will claim on their taxes and other factors that will ultimately reduce the amount of federal taxes they will pay. the adjustment for allowances is calculated as the product of the number of allowances (in the employee information section), the allowance deduction amount (in the model assumptions), and the employee federal income tax rate (calculated in task 10).
The tax adjustment for allowances. an employee will have less federal income tax withheld for every allowance that they claim.
The tax is the process to collect money by deducted some percentage of money through import, exports, buy and sells of the goods and services.
The tax adjustment for allowance estimates according to the company accounts it will incur as a percentage of un-collectible accounts and credit sales as they earn the revenues.
The federal income tax rates remain same for the tax year: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
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adam smith, the wealth of nations, 1776 question which of the following best summarizes the perspective of adam smith in the passage? responses a strong centralized government is necessary to maintain economic order. a strong centralized government is necessary to maintain economic order. lowering taxes increases investment and allows the free market to flourish. lowering taxes increases investment and allows the free market to flourish. the government should not be used to promote manufacturing. the government should not be used to promote manufacturing. civil liberties limit the power of the federal government to regulate the economy.
Adam smith, the wealth of nations, 1776 question which of the following best summarizes the perspective of Adam smith in the passage strong centralized government is necessary to maintain economic order.
In The Wealth of Nations, what does Adam Smith contend?Smith maintained that allowing everyone the freedom to create and trade commodities as they liked (free trade) and opening the markets to domestic and international competition would foster greater prosperity than could be achieved with strict governmental rules.
What does Adam Smith believe?His theories that wealth is produced via labor and that people use their resources to make money still have an impact on economics today. Adam Smith was a writer who held these views. The 21st century is a living testament to Adam Smith's views that economies flourish when there is free market competition and capitalism.
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the company cost of capital may be an inappropriate discount rate for a capital budgeting proposal if: A. it calculates a negative NPV for the proposal B.the proposal has a different degree of risk C.the company has unique risk D.the company expect to earn more than the risk-free rate
If the capital budgeting proposal has a distinct level of risk, the corporate cost of capital may not be the appropriate discount rate.
What does capital budgeting proposal generation entail?Making a recommendation for investments is the first stage in capital budgeting. Investments in a firm may be made for a variety of reasons. It can involve adding a new product line or growing an already existing one. It could involve a suggestion to either boost output or lower the price of outputs. The techniques for carrying out capital budgeting are Payback Period, Net Present Value Method, Internal Rate of Return, and Profitability Index. Payback period, discounted payment period, net present value, profitability index, internal rate of return, and modified internal rate of return are the seven crucial capital budgeting methods or strategies.
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If the U.S. dollar depreciates, it becomes cheaper for U.S. residents to travel in foreign countries. True or False
True. Travel abroad becomes more affordable for Americans if the value of the dollar falls.
Why is travel essential to living?Traveling is important because it exposes you to different beliefs and ways of being. You might be able to extend your perspective through developing new relationships with people and places and immersing yourself in diverse cultures. Gaining information and growing as a person might result from travel.
Why does traveling make you happy?Traveling makes us happy because it gives us the chance to leave behind our comfortable, self-constructed, plebian realities and gives us a chance to explore and put into practice the ideal selves we might become if we weren't bound by our fears and anxieties about our safety, security, and social standing.
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Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska.
The margin for Alyeska Services Company is 29.89%, the turnover for Alyeska Services Company is 29.89%, and the return on investment for Alyeska Services Company is 29.89%.
How do you determine a company's turnover?Simply sum together all of the company's sales to determine its annual turnover. If a company sells goods, its annual turnover is the sum of all its sales of those goods. The entire price charged for the services, if the business sells them, is its turnover.
How is ROI determined manually?Return On Investment (ROI) is computed by deducting the starting point from the current value, then multiplying the result by the starting point.
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oaktree company purchased new equipment and made the following expenditures: purchase price $ 64,000 sales tax 4,100 freight charges for shipment of equipment 890 insurance on the equipment for the first year 1,090 installation of equipment 2,900 the equipment, including sales tax, was purchased on open account, with payment due in 30 days. the other expenditures listed above were paid in cash.
The journal entries of Oaktree Company on the purchase of new equipment and the given expenditures are stated below:
Describe a journal entry.A journal entry is used in the accounting record of a business to record a business transaction. Every journal entry contains details that are essential to a specific business transaction, such as the date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved. Journal entries may be made in a subsidiary ledger and then rolled forward into the general ledger after being summarized.
(1)
Equipment A/c Dr. $71,890
To cash $3,790
To accounts payable $68,100
(To record the purchase of equipment)
Workings:
Equipment value:
= Purchase price + Sales tax + Freight charges for shipment of equipment + Installation of equipment
= 64,000 +4,100 + 890 + 2,900
= $71,890
Cash Paid:
= Freight charges for shipment of equipment + Installation of equipment
= 890 + 2,900
= $3,790
Accounts payable = Purchase price + Sales tax
= 64,000 +4,100
= $68,100
(2)
Prepaid Insurance A/c Dr. $1,090
To cash A/c $1,090
(In order to record any expenditures not capitalized in the purchase of equipment)
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The complete question is:
Oaktree Company purchased new equipment and made the following expenditures:
Purchase price $ 64,000
Sales tax 4,100
Freight charges for shipment of equipment 890
Insurance on the equipment for the first year 1,090
Installation of equipment 2,900
The equipment, including sales tax, was purchased on open account, with payment due in 30 days. The other expenditures listed above were paid in cash.
Required:
Prepare the necessary journal entries to record the above expenditures. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
1) Record the purchase of equipment
2) Record any expenditures not capitalized in the purchase of equipment
Presented below is information related to the Accounts Receivable accounts of Gulistan Inc. during the current year 2017. 1. An aging schedule of the accounts receivable as of December 31, 2017, is as follows. 2. The Accounts Receivable control account has a debit balance of $372, 400 on December 31, 2017. 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on December 31 for the amount credited to Allowance for Doubtful Accounts, and (2) a credit for $3, 240 on November 3, 2017, and a debit to Allowance for Doubtful Accounts because of a bankruptcy. 4. Allowance for Doubtful Accounts is as follows for 2017. 5. A credit balance exists in Accounts Receivable (60-90 days) of $4, 840, which represents an advance on a sales contract.
$7,280 is the Adjustment (Bad debt expense) if Presented below is information related to the Accounts Receivable accounts of Gulistan Inc. during the current year 2017.
Age Net debit balance Percent Uncollectible Allowance balance 0-60 days 172,342 1% 1,723 61-90 days 136,490+4,840 3% 4,240 91-120 days 39,924-3,240 6% 2,201 Over 120 days 23,644-3,700 25% 4,986
370,300 13,150
Balance of allowance for doubtful debts (A) = $8,750+$18,620-$3,240-$3,700 Correct balance (B) = $20,730 = $13,150 Adjustment (Bad debt expense) = $7,280
Accounts receivable (AR) is the remaining amount owed to a business for goods or services that have been delivered or consumed but have not yet been paid for by clients. The balance sheet classifies accounts receivable as a current asset. Customers' unpaid debt for goods they made with credit is referred to as AR.
The term "accounts receivable" refers to any unpaid bills or cash that a business is owed by customers. The word refers to accounts that a company is entitled to get as a result of delivering a good or service. Accounts receivable, also known as receivables, are a type of line of credit that a business extends to its customers, and its terms typically call for payments to be made within a short time frame.
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TRUE/FALSE. changes in collateral values are not important when determining uncertainty in financial decisions
When assessing the degree of uncertainty in financial decisions, changes in collateral values are unimportant. True.
Which of the following is not considered when determining the uncertainty of financial decision-making?Changes in the values of the collateral are not relevant for determining the level of uncertainty in financial decisions.
Are the expenses the business has for its capital financial?The expenses a business incurs for its financial capital are known as costs of equity. The debt and equity claims that make up the liabilities side of the company's balance sheet are referred to as cost of equity. Due to the heightened financial risk brought on by increased financial leverage, equity costs rise as debt does.
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made in the usa clothing inc. gives notice to neely that it is terminating their franchise arrangement. winding up the business requires
On terminating a franchise arrangement, winding up will require the return of the franchisor's property. Thus, the correct answer is option B.
What is a franchise arrangement?An official, binding contract between a franchisor and a franchisee is known as a franchise agreement. Franchise agreements are enforced at the state level in the United States. The Franchise Rule gives the US Federal Trade Commission the power to control information disclosures before a franchisee signs a contract.
Franchisees are required to return the franchisor's property in the event that the franchisor terminates the contract or the franchise arrangement before the end of the agreed-upon period.
As Made in the USA clothing Incorporation is terminating its franchise arrangement with Neely and has sent a notice, Neely has to return the Clothing Incorporation's property.
Therefore, winding up the business or terminating the franchise arrangement requires the return of the franchisor's property.
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Your question is incomplete, but most probably your full question was,
Made in the USA Clothing Inc. gives notice to Neely that it is terminating their franchise arrangement. Winding up the business requires
Group of answer choices
a new franchise agreement.
the return of the franchisor’s property.
Neely’s death, disability, or insolvency.
nothing more than closing immediately.