Complete question text:
1. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated residual value of $4,500 and two-year service life. Equipment cost $16,000
2. The company estimates future uncollectible accounts. The company determines $13,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these accounts are estimated to be uncollectible.
Account Receivable 46,400
Allowance 4,300
Answer:
depreciation expense 479.17 debit
accumulated depreciation - equipment 479.17 credit
-----
uncollectible account expense 2,236 debit
allowance for uncollectible amount 2,236 credit
Explanation:
We solve for the yearly depreciation:
(cost - residual value) / useful life
(16,000 - 4,500) / 2 = 5,750 per year
monthly depreciation: 5,750 / 12 = 479,17
--------------------
We solve for the different receivables ages:
13,000 x 40% = 5,200
46,400 - 13,000 = 33,400 not past due
33,400 x 4% = 1,336
we add them together and get 6,536
now we compare against the current allowance to determiantethe adjustment:
6,536 - 4,300 = 2,236
What is the definition of business
Answer:
See below
Explanation:
Business refers to the practice of producing or purchasing goods and services for sale to make a profit. It is the act of engaging in commercial activities of buying and selling products and services for profits.
Business entails individuals and companies' activities of supplying desired products and services to customers with profit motives. A businessperson identifies a need in the community. He or she sells to the community goods or services that satisfy that need a higher price to make a profit.
WILL GIVE BRAINLIEST TO FIRST CORRECT ANSWER!
Sandra deposits $3,000 at the end of each semiannual period for 12 years at 10% interest compounded semiannually. Determine the amount she will have in the account after 12 years. Round to the nearest cent.
a. $133,506.00
b. $140,181.30
c. $121,291.43
d. $70,568.14
Answer:
b
Explanation:
$140,181.30
Answer: its A
Explanation:
$133,506.00
Acomputer game that can be purchased online and played right'away has good utility
A. Form
B. Information
C. Value
D. Time
When making a major purchase, people should
O consider their future needs.
O always finance the product.
O buy the most expensive product.
O weigh what their friends think.
Think about their future requirements; you don't want to spend all of your money on one item if you need other items. Hence option A is correct .
Why should we purchase wisely ?Consider your budget as a "spending plan," a technique to keep track of the amount of money you have, the expenses it must cover, and any leftover funds. Your spending plan should prioritize your "needs" before any attainable "wants." Your expenses should be at or below the level of your gross income.
Customers may choose not to purchase a good or service for a variety of reasons. Sometimes it is because they are unable to locate what they are seeking for. Others charge an excessive price. Additionally, a buyer might not always have enough faith in a company to make a transaction.
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# SPJ 5
Mention any there objectives of Accounting
Answer:
objectives of accounting in any business are:-
systematically record transactions sort and analysing them, prepare financial statements position, and aid in decision making with financial data and information about the business.
hope it is helpful....
CollegePak Company produced and sold 86,000 backpacks during the year just ended at an average price of $46 per unit. Variable manufacturing costs were $20.00 per unit, and variable marketing costs were $6.68 per unit sold. Fixed costs amounted to $556,000 for manufacturing and $228,800 for marketing. There was no year-end work-in-process inventory. (Ignore income taxes.) Required:Compute CollegePak’s break-even point in sales dollars for the year. (Do not round intermediate calculations. Round your final answer up to the nearest whole dollar.)Compute the number of sales units required to earn a net income of $620,000 during the year. (Do not round intermediate calculations. Round your final answer up to nearest whole number.)CollegePak's variable manufacturing costs are expected to increase by 10 percent in the coming year. Compute the firm’s break-even point in sales dollars for the coming year. (Do not round intermediate calculations. Round your final answer up to the nearest wh
Answer:
Part 1
$1,868,571
Part 2
72,713 units
Part 3
$ 2,065,263
Explanation:
Break even point is the point where a firm makes neither a profit nor a loss.
Break even point (sales dollars) = Fixed Costs ÷ Contribution Margin Ratio
Where,
Contribution Margin Ratio = Contribution ÷ Sales
= (Sales - Variable Costs) ÷ Sales
= ($46.00 - $20.00 - $6.68) ÷ $46.00
= 0.42
Therefore,
Break even point (sales dollars) = ($556,000 + $228,800) ÷ 0.42
= $ 1,868,571.429
= $1,868,571
Units to achieve a target profit = Fixed Costs + Target Profit ÷ Contribution per unit
Where,
Contribution per unit = Sales per unit - Variable Costs per unit
= $46.00 - $20.00 - $6.68
= $19.32
Therefore,
Units to achieve a target profit = ($556,000 + $228,800 + $620,000) ÷ $19.32
= 72,712.21532
= 72,713
After 10% increase in variable manufacturing costs.
Variable manufacturing costs = ($20.00 × 1,10)
= $22
Contribution Margin Ratio will be = (Sales - Variable Costs) ÷ Sales
= ($46.00 - $22 - $6.68) ÷ $46.00
= 0.37652
= 0.38
Break even point (sales dollars) = ($556,000 + $228,800) ÷ 0.38
= $ 2,065,263.15
= $ 2,065,263
This document shows that you are allowed to work in the United States:
a. cover letter
b. résumé
c. job application
d. work permit
Answer:
d. work permit
Explanation:
The work permit is also referred to as the Employment Authorization Document or EAD. A work permit has the same design as a driver's license. It is issued by US Citizenship and Immigration Services (USCIS).
Foreigners coming into the US need to obtain a work permit to enable them to seek employment. The work permit card is presented to potential employers as proof that a person is duly authorized to work in the USA.
Answer:
D. Work permit
Explanation:
Did the quiz
Every day, Eloise talks with patients who suffer from drug abuse and helps them with their treatment plans. She sometimes works with Franklin who plans social events and outdoor activities on the drug facility grounds. Because some of the patients are there for months or years, Eloise and Franklin also work with Jessup, who takes care of patients’ hair care and other grooming needs. Which best describes the workers’ career pathways based on their tasks?
A.Eloise works in Family and Community Services, Franklin works in Counseling and Mental Health Services, and Jessup works in Personal Care Services.
B.Eloise works in Counseling and Mental Health Services, Franklin works in Personal Care Services, and Jessup works in Family and Community Services.
B.Eloise works in Personal Care Services, Franklin works in Family and Community Services, and Jessup works in Counseling and Mental Health Services.
C.Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.
Answer:
D: Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.
Explanation:
Its a wild guess, but it makes sense since Eloise deals with drug abuse which would be mental health and counseling, Franklin works on organizing local events (ive done this type of volunteering job before) so it would be a job that is apart of the community, and finally Jessup works (maybe) at a hair salon which would be more hair/personal care.
Correct me if iam wrong, and if iam right iam glad to have helped (if i did) :)
People do have careers. The option that best describes the workers’ career pathways based on their tasks is that;
Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.A career path is known to be a kind of forward roadmap with short or long-term bench marks.
It is known to be a maps the ways an employee often takes from a lower-level position via a kind of successive roles to reach their ultimate goal.
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The primary purpose of TV, magazines, movies is to entertain.
True
False
Answer:
True, but to inform as well
Explanation:
how can you save money by living at home while enrolled in post secondary school or training .
Answer:training can save money on. answer choices. books but it raises costs for tuition
Explanation:
Would pebbles at the beach make a good form of money explain why or why not.
Answer: there are some pebbles but some can be really rare find out why.
Explanation: They are pretty tiny, in order that they may be accustomed obtain most things. they're going to not rot or otherwise disappear. the matter is that pebbles square measure approach too common to use for cash. If anyone will blast off to a beach or different such place and acquire tons of a substance, it's not terribly helpful as cash.
A government adopts a less progressive rate on income taxes. According to
the table, which citizen is more likely to pay a larger percentage of his or her
income in taxes as a result of this fiscal policy?
Citizens
Citizen A: A wealthy business owner
Citizen B: A poor farmer
A. Neither citizen
B. Citizen A
C. Citizen B
D. Both citizens
A wealthy business owner is more likely to pay a higher percentage of his or her income in taxes under progressive rate on income taxes.
what is progressive tax system?Progressive tax system refers to a tax system that increases tax rate as the taxable income increases.
For example, a progressive tax system would increase the tax rate from 3% to 20% if the income bracket of the individual increases.
Therefore this type of tax system favors individuals in lower income bracket as they pay less with respect to percentage of their income when compared to wealthy individuals
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Answer:
its citizen B
Explanation:
took the test
Which benefit is shared by both Monopolies and Oligopolies?
A. They drive down prices by competing for the same customers.
B. They are highly regulated by the government groups that control them.
C. They have Access to enough capital to operate in high-cost industries.
D. They provide consumers with a wide range of choices for products.
APEX
Answer:
C. They have Access to enough capital to operate in high-cost industries.
Explanation:
Both monopolies and oligopolies have some common traits, and one of the most important ones is that they all have a large market power. Their power comes from high entry barriers to the industries in which operate in. Generally these industries are high-cost industries, e.g. it costs billions to build the electric grid of a large city. These high entry barriers decrease or virtually eliminate the possibility of competition.
Answer: They can Harm Consumers by fixing prices.
Explanation:
Just took the quiz on A_pex :) It may not be one of his choices but it could be yours :) Hope this helps, mark it the brainliest pls !
Henry has been newly appointed as the head of the HR team at AAS Technologies. In an attempt to establish a more efficient and reliable workflow, Henry has taken up the responsibility of creating job descriptions and job specifications for the newly hired and current engineers within the organization. While doing so, Henry gathers information about the knowledge, skills, abilities, and other characteristics (KSAOs) required for an engineer to successfully perform the job. How will determining the KSAOs most benefit the organization?
Answer:
Explained below
Explanation:
KSAOs or knowledge, skills, abilities, and other characteristics, are the unique set of criteria required by a hiring agency or company for a particular job.
Henry, being the HR head at AAS Technologies looks for these features in a desirable candidates to find common sync between the job requirements and the capabilities of the candidate. It proves to be an effective method to filter out less desirable job seekers.
Why is determining the selling price in the global marketplace an extremely difficult task? A.Many countries still have rules governing the competitive marketplace, including those that affect pricing.B.The major challenge is identifying the elements that need to be adapted to be effective in the global marketplace.C. Distribution can be challenging in some countries if the transportation infrastructure is inadequate.D. Differences in language, customs, and culture also complicate marketers' ability to communicate with customers in various countries.E. The number of firms with which the seller needs to deal to get its merchandise to the consumer determines the complexity of a channel
Answer: A.Many countries still have rules governing the competitive marketplace, including those that affect pricing.
Explanation:
Determining the selling price in the global marketplace can be an extremely difficult task because many countries still have rules governing the competitive marketplace, including those that affect pricing.
A example of this is the situation with nations that possess weak currencies, such economies typically surplus labor which can lead to their products being cheaper in global markets.
Also, some nations try to protect their local industries and therefore use several methods like tariffs, quotas, ban on certain goods etc. These all have effects on the pricing of the goods.
1.7.2
Explain any TWO reasons why the team experienced the storming stage
Hi, you've asked an incomplete question. However, here's a brief about the storming stage.
Explanation:
The Storming stage as the name implies refers to a phase where there are storm-like issues or disputes among team members.
Common reasons why a team experiences the storming stage includes:
when there is conflict among team members, because of differences in how to go about work.when some begin to question the authority of others in the team. For example, the team leader's authority may be questioned by others. failure to accept all of the team's goals.When submitting your résumé using an online fill-in-the-blank form, why is it better to copy and paste text from your résumé, rather than re-type the text?
To eliminate the risk of typos.
Individual sections of a resume must be copied and pasted into a slot on a Fill-in-the-blank form.Because your resume should be excellent, you'll want to copy and paste as much as possible from your original resume to eliminate the risk of typos. Only use important text if necessary, and proofread thoroughly.For more information:
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One major advantage of pure competition compared to a monopoly is that:
O A. businesses have more incentives to keep prices low.
B. economies of scale become less important.
C. consumers have to make fewer economic choices.
D. more capital is available for research and development.
Answer:businesses have more incentives to keep prices low
Explanation:apex
You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2500 rebate (applied toward the purchase price) or 1.9% financing for 48 months (with payments made at the end of the month). You have been preminus approved for an auto loan through your local credit union at an interest rate of 6.5% for 48 months. If you forgo the $2500 rebate and finance your new car through the dealership your monthly payments (with payments made at the end of the month) will be closest to: A. $573 B. $520 C. $595 D. $799
Answer:
C. $595
Explanation:
The computation of the monthly payment at the end of the month would be computed by using the spreadsheet.
In this two attachment is attached one contains the final values and the other ones contains the formula so that it would create a better understanding
Hence, the monthly payment is $595 and the same is to be considered
state ant Three activities that took place during the forming stage
Answer:
Each stage plays a vital part in building a high-functioning team. In 1965, a psychologist named Bruce Tuck-man said that teams go through 5 stages of development: forming, storming, norning, performing and adjourning.
Explanation:
How do economists determine whether an economy has entered a recession
in its business cycle?
O A. It alternates rapidly between periods of extreme growth and
decline.
O B. It experiences a contraction that lasts for at least two economic
quarters in a row.
C. It experiences contractions and expansions without peaks or
troughs.
O D. It has a negative value in its steady growth line for less than one
quarter.
It experiences a contraction that lasts for at least two economic quarters in a row is the correct option.
economic quarters typically determine whether an economy has entered a recession in its business cycle by analyzing its Gross Domestic Product (GDP) growth rate. A recession is generally defined as a significant decline in economic activity, typically characterized by a contraction in GDP for two consecutive quarters or more.
Economists also look at other indicators such as employment rates, consumer spending, and business investment to confirm whether the economy is in a recession. These indicators help economists understand the overall health of the economy and its ability to recover from a recession. Option A is incorrect because rapid alternation between growth and decline does not necessarily indicate a recession.
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#SPJ1
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Answer:
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What could happen when requesting an interview if a job applicant hadn't prepared a 30-
Second Commercial?
Timothy's company manufactures denim wear for young adults. He wants to understand how the trend is moving in this market. Which business
In his distribution value chain should he consult for the best market Intelligence regarding consumer preferences?
A. manufacturer
B. vendor
C. retailer
D. customer
E. distributor
Answer:
The actual answer is retailer
Explanation:
got it right on the test (plato user)
Type the correct answer in the box. Spell the word correctly. Which trait is described in the given sentence? is acting consistently according to one's values and principles.
Answer:
integrity
Explanation:
Answer:
integrity
Explanation:
Which type of business proposal or report is most likely to capture the attention of your manager? Explain your choice using information from this reading week's material. The use of social platforms, electronic and web-based communication is on the rise. How would you effectively include electronic and social media to reach a wider audience? Create and share the plan you develop using the AIDA model. (Hint: AIDA – Attention, Interest, Desire, Action)
Answer:
I believe a memo business proposal or report would capture the managers attention. I believe this is the best choice because it will be detailed it will have all the research and data already done and included in the report. It will also give the audience new information and make them want to take action.
I would effectively include many different social websites, such as face book posting it on the community's web page about the health and wellness event, I would put up a capturing quote and twitter about health and wellness and tweet it. I would have friends and family share a post that I had written up about it, I would do live pod casts about the event and how it could change you and make you healthier. I would also send out emails to local business to see if they would let their customers know about the event.
Attention: Would you like to feel better physically and mentally? Would you just like information on how to get healthier?
Interest. We have a health and wellness community event going on were you can get new information on getting healthier. You may be experiencing physical or mental health issues and just need a helping hand or someone to guide you on were to get started to get the help you need.
Desire. If you desire a healthier happier you and want to feel great inside and out. Maybe you want to gain information for a family or friend on how they can get healthy.
Action. All you have to do is come to this Health and wellness community event and get the information you need to get started.
Explanation: when I was asked this same question for a discussion post in collage this was my reply to it.
A business proposal can be understood as a document written and addressed to potential customers with the aim of completing a commercial agreement.
A proposal or report most likely to catch your manager's attention is one that is well-structured and written in a persuasive and accurate way, where the potential customer can easily see the benefits of completing the business agreement.
It is necessary that the proposal is written in formal and professional language, with a descriptive and easy-to-understand layout.
The internet has enabled greater reach in attracting customers, which represents a great advantage in sending business proposals and, consequently, greater chances of having a deal closed.
Social media, for example, significantly impacted the relationship between companies and consumers, relationships are closer and more direct, and companies need to adapt their processes to generate value to their potential audience to engage and attract new customers.
The AIDA model is a marketing tool that can be very useful for an organization to understand and delineate the conscious and unconscious consumer behaviors in a purchasing process and thus develop an effective strategic strategy to attract and retain customers.
Attention: It is the process that the customer gets to know the brand, and its products and services.Interest: It is the stage where the company begins to capture the consumer's interest in its products and services.Desire: At this stage, the consumer already knows the brand's products and services and the added benefits, which generates the desire to purchase through emotional communication developed with the brand's values.Action: Stage where the consumer is actually motivated to make the purchase, through facilitating stimuli proposed by the brand.Therefore, social platforms, electronic communication and web-based communication boosted business and facilitated communication with a larger base of potential customers.
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1. You are enployed as a sales associate in a clothing store that has a frequent shopper
reward program For example, for every $100 spent, customers eam 10 points. When
they reach 1000 points they eam a $10 reward certificate. A friend who is not registered
in the frequent shopper reward program wants you to accept a $25 off certificate as
payment for a shirt. The prograny's guidelines state that points are not transferable and
they can only be used by a member. What will you do?
Answer:
dwddddd
Explanation:
Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000. If uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry? A. $4,625 B. $3,960 C. $5,290 D. $4,750 E. $4,825 57,1 17.
Answer:
A. $4,625
Explanation:
Items Amount
Sales $925,000
Uncollectible percentage 0.50%
Amount of Bad debts expense $4,625
($925,000 * 0.50%)
The amount of the bad debts expense adjusting entry should be considered as the option A. i.e. $4,625.
Calculation of the amount of the bad debts expense:
Since
Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000.
And, there is uncollectible accounts are estimated to be 0.5% of sales
So, here the bad debt expense should be
= 0.50% of $925,000
= $4,625
hence, the option a is correct.
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How and why is SWOT (strengths, weakness, opportunities, and threats) used in the marketing plan ?
Answer:
SWOT Analysis is a simple but useful framework for analyzing your organization's strengths, weaknesses, opportunities, and threats. It helps you to build on what you do well, to address what you're lacking, to minimize risks, and to take the greatest possible advantage of chances for success.
Explanation:
Ashleigh hires a group of security staff. Each worker works an average of 80 hours per month at $14/hour. If her monthly labor cost for security workers is $23,520, how many security workers did Ashleigh hire? a) 15 b) 21 c) 36 d) 47
Answer:
b) 21
Explanation:
Each worker works an average of 80 hours per month and earns $14 per hour.
Each employee will earn 80 hours multiplied by $14
=80 x $14
=$1,120
If the monthly labor cost for security worked is $23,520, she has hired
=$23,520/$1,120
=21 security workers
Answer: 21 workers
Explanation: