Bad debt expense for the year should be $11,970
Given :
account balances in Accounts Receivable = $314,000
Allowance for Uncollectible Accounts = $590
allowance for uncollectible accounts should be 4% of accounts receivable.
To Find :
Bad debt expense
Solution :
A bad debt expense is recognized when a receivable is no longer collectible because a customer is unable to fulfill their obligation to pay an outstanding debt due to bankruptcy or other financial problems.
Bad debt expenses are generally classified as a sales and general administrative expense and are found on the income statement.
We first find the balance that should be in the allowance account as of December 31
$314,000 × 4% = $12,560
We subtract the current balance in the allowance account to find the bad debt expense for
$12560 - $590 = $11,970
Learn more about Bad Dept Expense here:
https://brainly.com/question/18568784
#SPJ4
51 Which of the following is the best estimate, in feet, for personal distance in Western cultures? Multiple Choice O
a) 0-1.5
b) 15-4
c) 5-8
d) 10-12
c) 15-25
The correct option is b) 1.5-4. The best estimate for personal distance in Western cultures is around 1.5 to 4 feet.
What is meant by personal distance?The term personal distance is often used to describe the physical space distance between communicating parties in western cultures. For example, when people are talking in a group setting or in a one-on-one setting, the physical distance between them that is viewed as appropriate makes up for the personal distance range.
You can learn more about personal distance from a related question here https://brainly.in/question/5605173
#SPJ1
Market share can be measured as the ratio of a firm's Blank______ compared to those of the total industry.
Market share can be measured as the ratio of a firm's Blank production compared to those of the total industry.
What is market share?Market share is used to measure the total amount of sales in a company.
The sale's in measured in percentage and the production also can be measured with it.
Therefore, Market share can be measured as the ratio of a firm's Blank production compared to those of the total industry.
Learn more on market share below
brainly.com/question/4017104
#SPJ1
Assuming technology and production techniques are fixed and cannot change, if beyond some point of production a firm experiences declining units of additional output with each additional unit of labor input, then the firm is experiencing the effects of the law of ______.
Based on the given scenario, it can be inferred that the firm is experiencing the effects of the law of diminishing returns
What is diminishing returns?This refers to the economic law that states that if production techniques are fixed and a firm is not able to increase output and faces declining units, then it is in the decline of resources/production.
Hence, we can see that based on the given scenario, we can see that this is the perfect description of diminishing returns because additional units cannot be produced.
Read more about the law of diminishing returns here:
https://brainly.com/question/19253089
#SPJ1
The use of a backward L-shaped aggregate supply curve allows us to ________ in a way that other shapes would not.
Hello,
Answer:
The use of a backward L-shaped aggregate supply curve allows us to consider different/various macro points of view in a way that other shapes would not.
f the short-run IS-LM equilibrium occurs at a level of income below the natural level of output, then in the long run the price level will ______, shifting the ______ curve to the right and returning output to the natural level. a. increase; IS b. decrease; IS c. increase; LM d. decrease; LM
Decrease; LM
When the total amount of output required and supplied equals one another, an economy is in short-run equilibrium. When total output and total demand are equal, this is referred to as short-run equilibrium.As usual, the LM curve is produced for a set price level P1. The point K where the IS curve crosses the LM curve represents the short-run equilibrium of the economy. Take note that the economy's income is lower than its natural level in this short-run equilibrium.Economic equilibrium in economics refers to a scenario where supply and demand are balanced and the values of economic variables do not change in the absence of external factors.Thus this is the answer.
To learn more about economic equilibrium, refer:https://brainly.com/question/14297698
#SPJ4
What aspect of foreign investment led to President Donald Trump threatening to impose border taxes on multinational corporations
The aspect of foreign investment that led President Donald Trump threatening to impose border taxes on multinational corporations is: Outsourcing to developing countries.
What is Outsourcing?Outsourcing can be defined as the way in which a company hire a worker from another company to perform or carryout tasks in a their company.
Hence, Outsourcing to developing countries was the aspect of foreign investment that led President Donald Trump threatening to impose border taxes on multinational corporation during his tenure or administration.
Learn more about Outsourcing here:https://brainly.com/question/4456416
#SPJ1
Discriminatory practices that are deeply embedded in institutions such as education, health care, business, and criminal justice, even when very few if any people are deliberately trying to discriminate, are __________.
An institutional discrimination is the discrimination that occurred in institutions such as education, health care, business and criminal justice.
What is an institutional discrimination?This refers to a prejudicial practices within an institutions that often result in the systematic denial of resources or opportunities to the members.
Hence, it is the type of discrimination that often occurred in institutions such as education, health care, business and criminal justice.
Read more about institutional discrimination
brainly.com/question/2241302
#SPJ1
Which asset made belgium a good place to establish the first industrialized textile manufacturer.
With reference to the Hofstede's framework, USA is one of the most individualistic countries. Thus, he adopts ___________ plan in order to better motivate employees in the US. merit pay
With reference to Hofstede's framework, the USA is one of the most individualistic countries. Thus, he adopts Hofstede's framework plan in order to better motivate employees in the US.
Description of Hofstede's frameworkAs the business world becomes more global, employees will likely face someone from another country at some point in their careers, companies will negotiate with companies from other countries, and even employees of domestic companies will likely encounter someone from another country.
Furthermore, trends suggest that immigration, the movement of individuals from their home country to other countries, will still grow worldwide, a process that may contribute to creating companies’ Hofstede's framework increasingly diverse. Additionally, many multinational companies depend upon expatriates to run their local operations.
Hofstede's framework is a foreign employee who moves to and works in another country for an extended period of their time. All of those trends mean that in your career you're likely to encounter someone from a special culture in which the potential for cross-cultural tensions is high.
It's therefore important for any international management student to grasp culture to raise steel oneself for handling such tensions.
To learn more about Hofstede's framework refer to :
https://brainly.com/question/14748459
#SPJ4
Marginal revenue is the change in Group of answer choices None of the Answers are Correct. Total revenue when output is changed. Total revenue when price is changed. Average revenue when output is changed. Average revenue when price is changed.
Marginal revenue is the change in total revenue when output is changed.
Marginal revenue refers to the increase in revenue that is a consequence of the sale of an additional unit of output.
When the level of output increases, marginal revenue decreases as the law of diminishing returns operates. Marginal revenue also refers to the gradual increase in income owing to the sale of an additional unit of output. In a perfectly competitive market, companies seek to produce output to the degree where marginal revenue equals marginal cost. Total output change is linked to the change in total revenue that results in marginal revenue. Marginal revenue helps determine the revenue generation from an additional unit of production which is beneficial for companies seeking to increase profits.Therefore, marginal revenue is the change in total revenue when output is changed.
Learn more about marginal revenue here: https://brainly.com/question/25623677
#SPJ4
The CEO of Informatix Co., suggested to the board of directors that if the firm was going to adopt a transnational strategy, rather than having treasury operations situated in the headquarters, the company should relocate this operation to London in order to enhance access to financial markets. Consequently, the treasury operations would still be centralized, but situated in a different location. Flexible specialization, or excentralization, is an important attribute of firms that adopt a transnational strategy.
a. True
b.False
A) True;
With flexible specialization, transnational companies enjoy the complementary benefits of scale economies with the flexibility of accessing low input costs or scarce resources.
Transnational Strategy: What Is It?A company is considered transnational if it has additional operations and assets abroad in addition to its central operations, which are situated in one country. A brand's level of global integration and local response is determined by its transnational strategy.
This isn't the only way that businesses grow internationally; in fact, many opt for completely different strategies, like:
International policyDomestic multi-faceted strategya world strategyLearn more about the transnational strategy with the help of the given link:
brainly.com/question/14949748
#SPJ4
International trade policies benefiting from specialization and comparative advantage can make the average worker better off, but a tradeoff is ________.
The trade off is workers could lose their jobs.
What is the trade of?Trade policies state that a country should specialise in the production of the good for which it has a comparative advantage in. A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
When a country specialise in the production of the good for which it has a comparative advantage in, workers that works in the industry the country does not have a comparative advantage in would lose their jobs.
Here are the options:
is worker productivity could go down consumers could pay more for products workers could lose their jobsTo learn more about comparative advantage, please check: https://brainly.com/question/25139916
#SPJ1
The ________ stage in Russell Colley's hierarchical model of the communication process deals with getting the consumer to purchase the product. Group of answer choices
The action stage in Russell Colley's hierarchical model of the communication process deals with getting the consumer to purchase the product. Group of answer choices.
Cory suggested that decision-making in advertising involves a hierarchical chain of theory. At the enterprise level, theory seeks to explain how an enterprise achieves its profit goals. Theory suggests that this can be done by selling goods. After that, selling the product becomes a marketing goal.
The DAGMAR model defines the four steps of an effective advertising campaign as recognition, understanding, persuasion, and action. This model emphasizes the definition of the market segment that the campaign is about to reach. DAGMAR also requires an assessment of the success of the campaign against pre-established benchmarks.
The DAGMAR approach is used by many ad planners to plan their advertising and marketing. This approach is also used to set advertising goals and measure results against plans.
Learn more about communication here: https://brainly.com/question/26152499
#SPJ4
The remedy of quasi-contract generally applies only when __________. Multiple Choice there are more than three parties in a contractual agreement no actual contract exists to cover the dispute the contract is bilateral in nature no more than two parties expressly discuss the terms of their agreement implied warranties are included in a contract
In general, the quasi-contract remedy is only applicable where an actual contract covering the dispute doesn't exist.
How do quasi-contract remedies work?A court may impose an obligation without taking the parties' intentions into consideration because a quasi contract is not a legitimate contract. Restitution or recovery under a doctrine of quantum meruit are frequently used as remedies when a party sues for damages under a quasi-contract.
Is a quasi-contract a legal recourse?"As much as he has deserved" in Latin. An appropriate remedy that makes up for unjust enrichment. A person who has performed services under a quasi-contract may be awarded damages in an amount deemed reasonable. look at Quasi contract (or quasi-contract).
What is a good illustration of a quasi-contract?A person places an online order for some perishable goods by giving his address and making payment for the same. The products are delivered to the incorrect address by the delivery person at the time of delivery. The recipient accepts the order and consumes it rather than rejecting delivery.
learn more about quasi-contract here https://brainly.com/question/4392832
#SPJ4
MM Proposition II shows that Blank______. Multiple choice question. the cost of equity rises with leverage the market value of the firm is unaffected by its capital structure equity is less expensive than debt there is no risk involved with leverage when there are no corporate taxes
MM Proposition II shows that the cost of equity rises with leverage.
According to the second tenet of the M&M Theorem, a company's cost of equity and level of leverage are directly inversely related. Increased leverage increases a company's likelihood of defaulting.According to Proposition I, a company's market value is unaffected by the ratio of debt to equity in its capital structure. According to Proposition II, the cost of equity is directly and inversely proportional to the amount of debt in the capital structure.The capital structure irrelevancy theory is supported by the Modigliani and Miller approach to capital theory, which was developed in the 1950s. This shows that a company's capital structure is unaffected by a firm's valuation.Thus this is the answer.
To learn more about MM Proposition II, refer: https://brainly.com/question/18801877
#SPJ4
Current profit Blank______ and target Blank______ are two strategies used by firms that are pursuing a profit pricing objective.
Current profit maximization and target return are two strategies used by firms that are pursuing a profit pricing objective.
A profit-oriented pricing objective means that a company tried to earn maximum profit with every sale or service provided, and achieve long term business profits.
Current profit maximisation is a price setting objective in which organisation set a price for a product that will give maximum profits, cash flow or return in short term without considering long term.
Target return pricing is a method where the firm determines the price on the basis of a target rate of return on the investment.
The two strategies that a firm use while pursuing a profit pricing objective is current profit maximization and target return pricing.
Learn more about profit pricing objective here
https://brainly.com/question/15969466
#SPJ4
According to ________, law is strictly subordinate to prevailing economic conditions, such fundamental propositions as private ownership, contracts, d
According to Marxist-socialist tenets, law is strictly subordinate to prevailing economic conditions, such fundamental propositions as private ownership, contracts.
Marxists contend that compared to a capitalist society, a socialist one is far better for the majority of people. "The socialization of production is bound to result in the conversion of the means of production into the property of society," wrote Vladimir Lenin before the Russian Revolution.
The core tenets of the Marxist worldview hold that social class is the most significant category of people and that the economic circumstances of a society form its foundation. Another tenet states that community ownership of the means of production will replace private property as the primary institution of capitalism.
Learn more about Marxist-socialist tenets here
https://brainly.com/question/14454961
#SPJ4
You are willing to pay $9,000 now to purchase a perpetuity which will pay you and your heirs $240 each year, forever, starting at the end of this year. What is your annual rate of return
Annual rate is 2.67%.
Given payment is $240 each year and sale amount is $9,000.
Annual rate of return is to be computed.
The annual percentage rate is the interest earned by an amount charged to borrowers or paid to investors each year. APR is a number that shows the real yearly cost of money throughout the life of a loan or the revenue received on an investment.
The formula to compute the annual rate of return is given as:
Annual rate of return = Payment ÷ Sale amount
Now,
Annual rate of return = 240 ÷ 9,000
=2.67%
Hence, the annual rate of return is 2.67%.
To know more about annual rate of return click here:
https://brainly.com/question/14871949
#SPJ4
Federal employment discrimination laws restrict the ability of employers to discriminate against workers on the basis of Group of answer choices education. experience. all of the choices. gender.
Option d. Federal employment discrimination laws restrict the ability of employers to discriminate against workers on the basis of gender.
What is discrimination?This is the type of bias that may exist in the society because of where a person is from, their tribe, religion and their beliefs.
Discrimination based on gender is an offense against an employee who is competent and qualified for a job.
Read more on discrimination here:
https://brainly.com/question/1084594
#SPJ1
Using a discount rate of 10 percent, the present value of a $2,500 benefit received five years from now is
Using a discount rate of 10 percent, the present value of a $2,500 benefit received 5 years from now is $1,552.79.
Given the discount rate of 10%, the present value(PV) of a $2,500 benefit received five years from now can be calculated using the formula given below:
[tex]PV = \frac{CF}{ (1 + r) n}[/tex]
PV = Present value
CF = Cash flow = $2500
n = Number of years between the time of the future cash flow and the present day.
r = Discount rate = 10% = 0.1
present value(PV) of a $2,500 benefit received five years from now =
[tex]PV = \frac{2500}{ (1 + 0.1) 5}[/tex]
PV = $1,552.79
Hence, The present value of a $2,500 benefit received in five years, at a 10% discount rate, is $1,552.79.
To know more about discount rate refer to: https://brainly.com/question/13660799
#SPJ4
Mr. Rational has $27 that he plans to spend purchasing 5 units of good X (priced at $3 per unit) and 6 units of good Y (priced at $2 per unit). The marginal utility of the fifth unit of X is 30, and the marginal utility of the sixth unit of Y is 30. If Mr. Rational is a utility maximizer, he should:
Mr. Rational is a utility maximizer, he should buy less of X and more of Y.
What do you mean by marginal utility?In economics, marginal utility refers to the additional pleasure or benefit (utility) a buyer receives by purchasing an additional unit of a good or service.What is marginal utility and formula?The general rule in economics is that marginal utility equals total utility change divided by change in quantity of goods. The equation looks like this Total utility difference divided by amount of commodities difference equals marginal utility. Find the first event's overall utility.
According to the question:
The amount that Mr. Rational is going to spend = $27.
Quantity of good X = 5 units.
Price of good X (Px) = $3 per unit.
Marginal utility of 5th unit of X (MUx) = 30.
Quantity of good Y = 6 units.
Price of good Y (Py) = $2 per unit.
Marginal utility of 6th unit of Y (MUy) = 18.
Now find [tex]$\frac{M U x}{P x}=\frac{30}{3}=10$[/tex]
Now [tex]$\frac{M U y}{P y}=\frac{18}{2}=9$[/tex]
Since the [tex]\frac{M U x}{P x}$ is greater than $\frac{M U y}{P y}$.[/tex]
So, good x will be substituted for y in order to reach the consumer equilibrium.
[tex]$\frac{M U x}{P x}=\frac{M U y}{P y}$[/tex]
Learn more about marginal utility here:
https://brainly.com/question/15050855
#SPJ4
Can someone Plss help
The factors that can impact the elasticity of demand are:
necessity versus luxury
availability of substitutes
What is the elasticity of demand?Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
The more close substitutes a good has, the more elastic its demand. This is because if price is increased, consumers can easily shift to the consumption of an alternative product.
Goods that are deemed as necessities usually have an inelastic demand. While goods that are deemed a luxury usually have elastic demand.
To learn more about price elasticity of demand, please check: https://brainly.com/question/18850846
#SPJ1
Select all that apply Benefits of small amounts of inflation include Multiple select question. more expansionary monetary policy. the elimination of the money illusion. the elimination of unemployment. the facilitation of relative prices changes. the placebo effect.
Benefits of small amounts of inflation include more expansionary monetary policy, the placebo effect, and the facilitation of relative price changes.
What is meant by inflation?Inflation is the term used to describe the rate of price rise for goods and services.
It is sometimes used to categorize inflation according to cost-push, demand-pull, and built-in factors.
The two most popular inflation measures are the Consumer Price Index and the Wholesale Price Index.
Inflation can be viewed favorably or badly depending on the perspective and rate of change.
Inflation may be advantageous for those who own tangible assets since it will raise the value of their holdings, such as real estate or goods that are kept in storage.
Inflation's primary causes include:
Consumer-driven inflationPrice-driven inflationmore money availableDevaluationincreasing payRegulations and policiesBenefits of Inflation: In order to meet increasing demand, production must increase. Additionally, debtors benefit from inflation because they can return their loans with funds that are less valuable than the funds they borrowed. This promotes borrowing and lending, which boosts expenditure on all levels once more.
To know more about inflation refer to: https://brainly.com/question/15692461
#SPJ4
Henry gets a help desk call from Arthur in Accounting who reports that his keyboard is not working. This seems like a familiar problem, one that another tech mentioned a short time back. Where should he look to find information on the problem
Henry gets a help desk call from Arthur in Accounting who reports that his keyboard is not working. This seems like a familiar problem, one that another tech mentioned a short time back. Henry should check the incident documentation to see if there's a history of problems with the computer at that workstation.
An incident report or accident report is a form that is filled out in a health care facility, such as a hospital, nursing home, or assisted living, to record information about an unexpected event that occurs at the facility, such as an injury to a patient.
The following are some of the important advantages of incident reporting: - It helps to prevent serious accidents by identifying safety issues early and resolving them. - It conserves time and resources that might otherwise be used to deal with accidents that are more serious.
Learn more about incident report here https://brainly.com/question/14709221
#SPJ4
True or false: The top position on a search engine results website that attracts the most attention is also the most profitable position for a search advertisement.
It is True that the top position on a search engine results website that attracts the most attention is also the most profitable position for a search advertisement.
What is search engine?
search engine serves as the website that allows online user to be able to search information from the internet.
In this case, top position on a search engine results website that attracts the most attention is also the most profitable position for a search advertisement.
Therefore, the statement is True.
Learn more about search engine at:
https://brainly.com/question/512733
#SPJ1
A physical asset such as a high-definition, flat-screen TV or a Harley Davidson motorcycle is called a(n) Question 74 options: tangible asset. investment. financial asset. liability.
A physical asset such as a high-definition, flat-screen TV or a Harley Davidson motorcycle is called a tangible asset.
A tangible asset is an asset that has a physical substance. Examples include inventory, buildings, vehicles, production equipment or machinery, office furniture, and so on. There are two types of fixed assets: inventory and fixed assets.
You can literally touch something concrete. Like a broken window, the stone is palpable. If the stone is next to the window, this may be concrete evidence of vandalism. When we say that the tension in the room is felt, it means that we feel it very strongly and look almost physical.
The main difference between tangible and intangible is that tangible is something that a person can see, feel, and touch, and thus has a physical existence, whereas intangible is something that a person can see, feel, and feel. It has no physical existence because it cannot be touched. ..
Learn more about tangible assets. here: https://brainly.com/question/26048890
#SPJ4
A sales tax imposed on sellers shifts the supply curve leftward for the taxed good because the.
Since sellers have to pay tax to the government, it decreases the effective price received by the seller (= post-tax equilibrium price - Unit tax), so sellers produce less, decreasing market supply.
Deliver curve, in economics, picture illustration of the relationship among product fee and quantity of product that a supplier is inclined and able to supply. Product price is measured on the vertical axis of the graph and the quantity of product furnished on the horizontal axis.
The supply curve is upward sloping because, over the years, providers can pick out how tons of their goods to produce and later deliver to the marketplace.
The supply curve is a photo representation of the correlation between the price of an excellent provider and the amount provided for a given duration. In an average example, the price will seem on the left vertical axis, while the quantity provided will seem on the horizontal axis.
Learn more about the supply curve here https://brainly.com/question/26430220
#SPJ4
A consultant hired to evaluate Blue Street Bank's business processes and controls judges that they are haphazard and incomplete. Bess, an executive at the bank, wisely says that _____. Group of answer choices they must establish more rigorous management practices to govern their data this is not a significant cause for concern given the nature of their business no action is necessary since this does not violate external regulations while this is a problem, it cannot affect their ability to make good business decisions
Bess, an executive at the bank, wisely says that (C) no action is necessary since this does not violate external regulations.
Who is a consultant?A consultant is a professional who gives advice and other useful services in their field of expertise. Consulting services are often classified as professional services.Who is an executive?A business executive is someone who is in charge of running a company, albeit the particular nature of the function varies depending on the company. Executives are in charge of companies or government bodies. They devise strategies to help their organizations grow.Because the present circumstance does not infringe external regulations, no action is required.
Therefore, the correct answer is (C) No action is necessary since this does not violate external regulations.
Know more about professional services here:
https://brainly.com/question/4884763
#SPJ4
John decides to save $10,000 per year for the next 10 years, and then $15,000 per year for the 10 years after that. He earns 8% per year on his investments. How much will he have in his savings at the end of the 20 years?.
Answer:
$ 45,000
Explanation:
First 10 yrs: $ 10,000
Second 10 yrs: $ 15,000
SI=Principal (P) ×Rate(R)×Time(T)/100
SI = PRT/100
FOR 1ST YEAR
SI=$10,000×8×10/100
SI=$8,000
Amount (A)= Principal (P) +Interest (I)
A= $10,000+$ 8,000
A= $18,000
FOR 2ND YEAR
SI=$15,000×8×10/100
SI=$12,000
A= $15,000+ $12,000
A=$ 27,000
TOTAL EARN FOR 20YEARS
ADDITION OF BOTH YEARS
$18,000+ $27, 000
TOTAL EARN = $45,000.
In terms of total dollars in the state budget, the various service charges and fees in Texas provide ______ percent of total state revenue.
In terms of total dollars in the state budget, the various service charges and fees in Texas provide 15 percent of total state revenue.
Texas State BudgetTo inform the general public about the Texas state budget, the Legislative Budget Board created the Texas Budget Source (TBS), a report generator. Texas' Automated Budget and Evaluation System (TBS) pulls its data from the LBB (ABEST). Users have the option to create budget reports for a particular state agency. They can also provide reports that are arranged according to the General Appropriations Bill's articles.Both the Senate Finance Committee and the Texas House Appropriations Committee hold hearings on the general appropriations measure and adopt amendments that take into account the BRE's budget goals and its limitations. The full House and Senate, respectively, receive the committee-completed versions of the bill for approval.The different service fees and levies in Texas account for 15% of all state revenue in terms of total amounts for the state budget.To learn more about Texas State Budget refer to:
https://brainly.com/question/14454601
#SPJ4