Most income and spending accounts are examined as part of the balance sheet audit. The cost of sales and bad debt. The likelihood of an audit of accounts increases when accounts receivable are examined.
The income statement includes bad debt costs, which are often categorized as a sales and general administrative expense. On the balance sheet, the recognition of bad debts results in a corresponding decrease in accounts receivable, however firms maintain the right to recover money in the event that circumstances change.
The costs incurred in distributing, marketing, and recouping the cost of a good or service are known as selling expenses. The operating expenses of a corporation are made up of three different types of costs.
A company's bad debt to sales ratio is a percentage of both its annual sales and its uncollectible accounts receivables.
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debeers diamonds was a transnational company that attempted to build a railroad from south africa to egypt. what is a transnational company
The multinational company is Cecil Rhodes. An international business called debeers diamonds wanted to build a train from southern Africa to Egypt.
What does "international business" mean?
Company size:
Multinational corporations tend to have high returns and if a corporation is called a multinational corporation and it has international business in at least several different countries.
What are the main characteristics of multinational companies?
They are constantly looking for the cheapest and most effective manufacturing locations around the world to gain a competitive advantage and maximize profits in international business and you are moving geographically. Activities and resources can be moved anywhere in the world.
What is international business and why it is important?
International business includes all commercial activities undertaken to facilitate the transfer of goods, services, resources, people, ideas and technology across borders.
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crane company is planning to produce 1,400 units of product in 2022. each unit requires 3.4 pounds of materials at $5.8 per pound and a half-hour of labor at $12 per hour. the overhead rate is 50% of direct labor. (a) compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead. direct materials $ direct labor $ overhead
The budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead is $8,120.
Given,
Budgeted production = 1,400
Direct materials per unit = 3.4 pound
Direct materials cost per pound = $5.8
The Direct labor hour per unit = $12
Overhead rate = 50% of direct labor
This is explained below in the given table-
Budgeted Standard cost Budgeted
production production amount
Direct materials 1400 3.5 $4,900
Direct labor 1400 8 $11,200
Overhead 1400 5.8 $8,120
Hence, the budgeted amounts for the year 2022 for direct materials to be used, direct labor, and applied overhead is $8,120.
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it has been shown that in the absence of taxes and other market imperfections firm value will be unaffected by dividend policy. explain the logic behind this conclusion
According to Miller and Modigliani's irrelevance argument, a company's equity share price simply depends on its earning power and is unaffected by how earnings are distributed between dividends and retained earnings.
They noted that given the firm's investment strategy, the dividend policy had no impact on the market price of the share under ideal market conditions with rational investors and no tax differentiate between dividend income and capital appreciation.
According to MM Theory, the government's decision to freeze the dividend will have no effect on stock prices (Wealth of Shareholders). The loss of dividend income will be made up for by a gain in share value for the shareholders.
Since this activity is neither for nor against capital investment, it won't have any real-world effects. However, companies will raise less money from the market because some of the capital they'll need for additional investments will be in the form of retained earnings.
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which transaction is not considered part of operating activities? buying a new machine selling inventory buying inventory paying a supplier g
Cash paid to a vendor for inventory is a type of transaction that is not considered part of operating activities.
How does inventory work?Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit. The only item that will be regarded as inventory is the newspaper if the vendor delivers newspapers to customers using a vehicle. The car will be handled like an asset.
The importance of inventoryBusinesses can determine which goods to order when and in what quantities using inventory management. Inventory is tracked as things are bought and sold. In order to guarantee that there is always adequate inventory to satisfy client orders and that a shortage is properly announced, the practice recognizes patterns and adapts to them.
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question number 2) which type of interview question does jan durrans favor when trying to determine if a candidate is a high-achieving employee?
The type of interview question does Jan Durrans favor when trying to determine if a candidate is a high-achieving employee is option E: behavioral interview.
What exactly is a behavior-based interview?The act of giving specific instances of how they handled similar situations based on their prior experience, job candidates have the opportunity to demonstrate their potential for success in the new position during a behavior-based interview.
Therefore, one can say that employers utilize the behavioral-based interviewing technique to assess candidates' prior behavior in various contexts in order to forecast their performance going forward. Success can be predicted more accurately using a candidate's prior experiences than it can using conjecture.
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a brand that has been given exclusive legal protection, such as the mcdonald's golden arches is a: a. dealer brand. b. private brand. c. trademark. d. promotional mark.
A brand that has been given exclusive legal protection, such as the mcdonald's golden arches is a: trademark
Hence, Option C is correct
Any word, phrase, symbol, design, or combination of these that distinguishes your products or services is generally considered as a trademark. It helps to make your product unique you apart from your rivals. Both trademarks and service marks are included under the umbrella term "trademark."Protecting your brand's identity. It will prevent rivals from copying your brand and stealing your clients. It provides with you some protection.To know more about Trademark here
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if you want to pay a set fee to receive unlimited or reduced-fee assistance, you should use (a) a. class-action lawsuits b. lawyer c. legal aid society d. prepaid legal services e. small claims court
Option d is correct that is if you want to pay a set fee to receive unlimited or reduced-fee assistance, you should use prepaid legal services.
Prepaid legal services are membership plans that provide members with access to attorneys for consultation, legal document review, document preparation, and legal representation in court. fourth, and access to legal documents. Members pay a monthly fee to receive health care benefits. Companies sell plans directly, through independent resellers, and through some agencies. Lawyers enter into agreements with companies that sell legal services in various jurisdictions. Members can choose a lawyer from a list of plans.
Companies offering prepaid legal services promise many benefits such as consulting with lawyers about employment or insurance disputes, personal injury, set criminal problems, and many other problems. Prepaid legal services often include legal reviews of contracts, deeds, and other legal documents. Services may also include the preparation of documents such as wills, powers of attorney, and contracts. Members may also access information on legal documents and information from the company's sales plan.
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when pollutive industries are shifted from wealthy countries to poorer countries with weaker environmental laws, it raises a question concerning
When pollutive industries are shifted from wealthy countries to poorer countries with weaker environmental laws, it raises a question concerning environmental justice.
What is the environmental law?Environmental law is a broad word that refers to areas of the law that safeguard the environment. A similar but different collection of regulatory regimes, now heavily affected by environmental law concepts, are concerned with the management of specific natural resources.
The goal of environmental law is to safeguard the air, land, water, and soil. Infractions of these rules result in a variety of penalties, including fines, community service, and, in severe circumstances, jail time.
Therefore, When polluting companies are relocated from affluent countries to impoverished countries with environmental laws, it raises concerns about environmental justice.
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which group is the primary source of financial support that benefits all wildlife
Hunting license fees are a major source of revenue for wildlife management, and they have assisted both game and non-game species in recovering from declining numbers.
Hence, the correct answer is Hunting license fees.
Hunting permits are the main financial assistance that the country employs to finance wildlife conservation initiatives to protect diverse wildlife species. Because hunters receive hunting licences, they effectively serve as the main source of funding for conservation initiatives. It may be argued that this strange behaviour balances out hunters' slaughter of animals.
Hence, hunting license fee is the primary source of financial support that benefits all wildlife.
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twenty years ago a benefactor invested $50,000 for you. what is the current actual value of that investment today if the money was invested in a fund with a 6% market interest rate?
Your investment will return $200 in the first year and will continue to do so each year after that. Every payment will be 3% bigger than the one before it. if the purchase is expensive
With just a few inputs, you can determine the true worth of your investments using PersonalFN's free real returns calculator. This calculator makes it simple to determine monthly contributions to savings accounts, retirement plans, or college funds. If $100 will be available in five years, calculate its present value. Compound interest can be calculated using the formula FV = P*(1+R/N)(N*T), where FV is the future value of the loan or investment, P is the original principal amount, R is the yearly interest rate, and N indicates the number of years. You invest $1,000 today at an annual simple interest rate of 6%.
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which of the following can be a factor or factors that influence business failure risk? a. bad management b. unsuccessful products c. competition d. a and b, but not c e. all of the above can affect business failure risk
Answer:
e. all of the above can affect business failure risk
Explanation:
All of these are factors that influence business failure risk.
is this statement true or false?the cost of a meal with any beverage and any sandwich at susan's kitchen is more than $5.00.
This statement is False, the cost of a meal with any beverage and any sandwich at Susan’s kitchen is more than $5.00.
In production, studies, retail, and accounting, a cost is the price of money that has been used up to provide something or supply a service, and hence isn't always to be had to be used anymore. In a commercial enterprise, the cost may be considered one of acquisition, wherein case the quantity of money expended to acquire it is counted as price. In this example, cash is the input this is gone for you to gather the element.
This acquisition cost may be the sum of the cost of manufacturing as incurred through the unique producer, and further charges of the transaction as incurred by way of the above and above the sum paid to the producer by the purchaser. generally, the price additionally consists of a markup for income over the cost of manufacturing.
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the acme global corporation plans to create new policies designed to better serve a more diverse customer base. what the acme global corporation has in mind is a(n) plan.
New regulations will be developed by Acme Global Corporation in order to better serve a more varied consumer base. The Acme Global Corporation has a diversity plan in mind.
A diversity strategy outlines the practical steps your company will take to include employees from varied backgrounds. The business is dedicated to fostering an environment that is fair and inclusive and encourages a workforce that more accurately represents the variety of our communities.
Each firm should value diversity as a key component. It allows you access to a wider variety of talent, aids in giving you insights into your consumer base, and helps to increase the business's overall performance, all of which translate into higher earnings.
The overall objective of diversity and inclusion at work is to contribute to the creation of a workplace where individuals from diverse backgrounds or cultures may feel at ease and collaborate successfully.
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property managers may choose at times not to perform ordinary maintenance at the time a problem is detected in order to boost short-run noi. this type of maintenance is more commonly referred to as:
The Correct Option is D. Preventive maintenance, The property manager may be responsible for locating and vetting potential renters, handling day-to-day maintenance concerns and tenant complaints, as well as handling tenant move-outs and evictions.
The persons that tenants often deal with are property managers. You might require a property management company if you have numerous rental properties and renters. Property managers today are under stress because of problems, according to a new Unicom survey of small- to medium-sized property portfolio managers. This poll is very helpful in demonstrating that property managers struggle to hire and retain quality workers while maintaining their profit margins.
Property managers may choose at times not to perform ordinary maintenance at the time a problem is detected in order to boost short run NO1. This type of maintenance is more commonly referred to as:
A. corrective maintenance.
B. custodial maintenance.
C. deferred maintenance.
D. preventive maintenance.
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when government expenditure rises by $180 million and the initial increase in government expenditure was $60 million, then the multiplier is:
The multiplier of the Government expenditure will be $3.
Government Expenditure helps to supply goods and services that are not supplied by the private sector, To achieve improvements in the supply side of the macro-economy, and To provide subsidies to industries that need financial help for their expansion. It is normally spent by the public sector.
Government Expenditure = $180 million
Increased Government expenditure = $60 million
Multiplier = 180 million - 60 million
Multiplier = $ 3 million.
Therefore we can conclude by saying that the multiplier of the Government expenditure will be $3.
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ken places a $20 value on a cigar, and mark places a $17 value on it. the equilibrium price for this brand of cigar is $15. refer to scenario 12-1. how much total consumer surplus do ken and mark get when each purchases one cigar?
$2 total consumer surplus do ken and mark get when each purchases one cigar. Correct option(b)
Ken here willing to buy for 20-15 i.e 5
mark willing to buy for extra 2
hence diff will be 2 after the tax is levied.
concept and formula is used(consumer surplus may be defined as the diff btw the amount willing to pay for the good and the equilibrium price.)
What is the price at equilibrium?A market-clearing price, often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal.
In each market, the equilibrium price is the one when supply and demand are equal. Thus, $6 a pound is the market's equilibrium price for coffee. The quantity that is required and provided at the equilibrium price is known as the equilibrium quantity.
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Full Question :ken places a $20 value on a cigar, and mark places a $17 value on it. the equilibrium price for this brand of cigar is $15. refer to scenario 12-1. how much total consumer surplus do ken and mark get when each purchases one cigar?
$0
$2
$5
$6
which one of the following is not a valid operation type for a hotel as defined by str? a) corporate or chain managed b) franchise c) boutique d) independent
The correct option is (c) i.e. boutique, is one of the following is not a valid operation type for a hotel as defined by str.
An establishment that offers short-term, paid lodging is known as a hotel. A hotel room's interior amenities might range from a small room with a low-quality mattress to a huge suite with bigger, better-quality beds, a dresser, a refrigerator and other kitchen appliances, upholstered chairs, a flat-screen television, and en-suite bathrooms. Small, less expensive hotels might just provide the most fundamental amenities and services to its guests. A swimming pool, business center (with computers, printers, and other office supplies), childcare, conference and event spaces, tennis or basketball courts, a gym, restaurants, a day spa, and social function services are just a few of the extra amenities that larger, more expensive hotels may offer. In order to help guests find their room, hotel rooms are typically numbered (or named in certain smaller hotels and B&Bs). Operations in hotels can vary in size, purpose, complexity, and expense. To categorize different hotel kinds, the majority of hotels and significant hospitality organizations have established industry standards. Luxury facilities, full-service lodging, an on-site restaurant, and the greatest level of individualized attention, such as a concierge, room service, and employees to press clothes, are all features of an upmarket full-service hotel facility.
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which of the following statements is true about the relationship between business processes and information systems? group of answer choices a business process need not relate to any information system, but an information system relates to at least one business process. information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. developing information systems before business processes ensures that all systems are inherently secure.
Information systems and business processes can both be related, albeit not all business processes must be related to information systems.
Explain Processes in business and information systems?The Business Process is the mechanism by which work is arranged, coordinated, and managed. Business processes also refer to the movement of activity-specific pieces of information within an organization. Examples include managing inventory, paying bills, registering for classes, processing payroll, and making sales and purchases.
Which four business process types exist in information systems?various business operations and information systems are:
A transaction processing system (TPS), a management information system (MIS), a decision support system (DSS), an executive support system (ESS), and an enterprise system (ERP)
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the carrying value of bonds issued at a discount or at a premium will be different from their face amount at maturity. t or f
False
Bonds will have a same carrying value at maturity whether they are issued at face value, a discount, or a premium.
The carrying value of a bond is what when it is issued at a discount.Unless the bond was issued at par, the carrying value of a bond does not match the bond due amount. A bond's carrying value is more than its face value when it is issued at a premimum.
What is the difference known as when the carrying amount of the bonds payable exceeds their face amount?The amount received by the corporation issuing the bonds and the par value or face value, respectively, is known as the premium or discount on payable bonds.
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organic forms work well if the environment is stable, not requiring any change within the organization. true false
Organic forms work well if the environment is stable, not requiring any change within the organization. It's true.
Everything in our environment is referred to as environment. They could be biotic (living) or abiotic (non-living) entities. It includes natural forces including chemical and physical ones. Living things exist in their surroundings. They engage with it frequently and adjust to the circumstances of their surroundings. Animals, plants, soil, water, and other living and non-living objects interact in the environment in a variety of ways.
Since everything is a component of something else's environment, the word "environment" is used to describe a wide variety of objects. The word "environment" is used differently by people in various disciplines of study. The electromagnetic environment consists of magnetic fields, radio waves, and other types of electromagnetic radiation. The properties of the interstellar medium are referred to as the galaxy's environment.
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the principle that one who is not a direct party to a particular contract normally does not have rights under that contract is known as
the principle that one who is not a direct party to a particular contract normally does not have rights under that contract is known as privity contract.
A common law theory known as the doctrine of privity of contract states that a contract cannot provide anybody who is not a party to it rights or bind them to responsibilities.
The underlying idea is that only parties to a contract should be able to file a lawsuit to assert their rights or seek compensation for damages. The doctrine's consequences for contracts made for the benefit of third parties who are unable to enforce the duties of the contracting parties, however, have proven troublesome. The Contracts (Rights of Third Parties) Act of 1999 significantly weakened the theory in England and Wales by establishing a legislative privity exception (enforceable third party rights).
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hamza rahal owns a manufacturing company that uses direct mailers to pick out people who are most likely to buy his products, based on a variety of data analytics. hamza is using the technique of
A manufacturing business owned by Hamza Rahal makes advantage of direct... Q1. Based on a range of data analytics, Hamza Rahal's manufacturing company uses direct mailers to identify the individuals most likely to purchase his products.
Hamza is employing the method of A. Microtargeting B. Automatic vending C. Telemarketing Q2. An oil firm generated cost savings that were passed on to customers, boosted delivery performance, and saved millions on transportation costs. They accomplished this by convening several functional teams to talk about these subjects in business meetings. a good example of Planning for sales and operations as a (S&OP) Integration of relationshipsB. The method of customer relationship management (CRM)C. D. order cycle duration Q3. In accordance with the service quality gap model, there is a discrepancy between what customers desire and what management
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excluding any legislated changes in statutory tax rates, for which tax base would one expect the greatest revenue increase from a given increase in state economic activity?
Which tax base would one expect the biggest revenue increase from a particular increase in state economic activity, excluding Personal Income Tax authorized changes in statutory tax rates.
What kind of tax brings in the greatest money for state and local governments?Sales taxes are the main tax revenue source for state and local governments. A 50% tax rate on their federal income.
Which tax system mandates that taxpayers with higher incomes pay lower tax rates?According to the alternative minimum tax system, higher-income taxpayers must pay an additional, higher tax rate on their ordinary income tax base in order to calculate the amount of alternative minimum tax.
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e management of gamespeople designed a comprehensive strategy that unifies advertising, personal selling, public relations and sales promotion activities creating a consistent message. this effort to promote a positive brand image represents a(n) progra
This effort to promote a positive brand image represents a(n) programs promote integrated marketing communication.
As we have got referred to previously, Integrated Marketing communications may be used harmoniously with 5 number one conversation tools. These are advertising, direct advertising, net advertising, income promoting and public relations.Builds Brand Recognition and Trust
If the numerous channels do an excellent process of speaking the logo and message consistently, then the character is even much more likely to understand and accept as true with the logo. An incorporated advertising communications method makes this regular transport possible.
The American Marketing Association defines IMC as “a making plans method designed to guarantee that every one logo contacts acquired with the aid of using a client or prospect for a product, service, or enterprise are applicable to that character and regular over time.”
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Naomi, the product line manager for a small family business believes that it is time for the company to begin exporting its product to foreign markets. Her father, the owner, is skeptical. To convince her father, Naomi points out that：
- exporting is easier because international markets are less complex than domestic markets.
- firms that do not export are at a greater risk for economies of scale.
- exporting will allow the company to avoid taxation requirements in the domestic market.
- firms that do not export often lose out on significant opportunities for cost reduction.
To convince her father, Naomi points out that firms that do not export often lose out on significant opportunities for cost reduction. The correct option is D.
Why do most firms try exporting first?Profits can go up significantly when goods are exported. This is mainly due to the fact that orders placed by foreign customers for stock are more frequently large ones.
For companies of all sizes, exporting can be profitable. Sales generally increase more quickly, more jobs are added, and employees make more money than in non-exporting businesses. The advantage in the marketplace. The United States is renowned throughout the world for its innovative products and services, excellent customer support, and ethical business practices.
Thus, the ideal selection is option D.
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when using the indirect method to calculate net cash flows from operating activities, we must remove all accruals from net income so that only the cash portion remains. true or false
In the indirect method to calculate net cash flows from operating activities, we must remove all accruals from net income so that only the cash portion remains. This statement was the truth. Thus, option (a) is correct.
What is cash flows?The term cash flow refers to the movement of the cash are the flow out of the business. There are the three types of the cash flow such as investing activities, financing activities, operating activities.
Net cash flow signifies either the gain or loss of funds during a period provided all liabilities have been settled. After settling all of its operational expenses, the company's cash flow was positive.
As a result, the statement was the truth about net cash flows from operating activities. Therefore, option (a) is correct.
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which conditions need to be met in order for a contract with a customer to be within the scope of ifrs 15?
It is possible to identify a contract that complies with IFRS 15's definition of a contract: There is commercial substance in the contract:
• the gatherings have endorsed the agreement;
• The entity is able to identify: each party's freedoms, - the installment terms for a long term benefit and administrations to be moved.
Before a contract with a customer can be accounted for under IFRS 15, which of the following must be fulfilled?
A contract can only be accounted for by an entity under IFRS 15 if all of the following conditions are met: The contract has been approved by the parties, and they have pledged to carry out their respective responsibilities. Each party's rights to the transferred goods or services can be identified by the entity.
Which falls under the purview of IFRS 15?
An agreement with a client will fall inside the extent of IFRS 15 when every one of the accompanying measures are met: • The contract has been approved by all parties involved; It is possible to identify each party's rights regarding the transferred goods or services: • The terms and conditions for making payments for the goods or services.
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bob purchased a bond that can be exchanged for a set number of shares of the issuer's common stock. what type of bond has bob purchased?
The type of bond that Bob purchased is called Convertible Bonds.
Convertible bonds are corporates bonds that can be converted into the common stock of the issuing company. When convertible bonds are issued, they act no different than the regular corporate bonds, only a slightly lower interest rate. Convertible bonds have its own convertible ratio, the number of stock shares an investor will receive should they choose to convert their bonds.
Convertible bonds became a company's strategy to lower the coupon rate on debt because of the conversion feature that convertible bonds have. Convertible bonds also helps to delay a company's dilution. Convertible bonds allows company to delay dilution to its equity holders.
There are 2 types of convertible bonds:
Vanilla convertible bondMandatory convertible bondVanilla convertible bond is a standard convertible bond An investor could decide to hold is bond to maturity and receive the bond's face value, or he can convert it to equity shares and benefits.
Mandatory convertible bond is an advertisement in disguised. An investor's bond will automatically convert by a certain date specified in the bond's indeture agreement.
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costs that have been assigned to a product or activity using some sort of systematic process are known as
Allocated Costs are costs that have been applied to a good or activity through some kind of organised method.
The process of allocating expenses to financing sources who profit from the products or services acquired is known as cost allocating.
Finding, gathering, and allocating costs to cost objects like departments, goods, programmes, or a corporate branch is the process of cost allocation. To spread costs across departments or inventory items for financial reporting needs, cost allocation is employed.
Cost allocation is also used to determine profitability at the departmental or subsidiary level, which is then used to determine bonuses or how much money may be allocated for extra activities. In order to calculate transfer prices between subsidiaries, cost allocations can also be used.
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following a transfer by a lender of a right to receive payments on a mortgage, the homebuyer must continue to make those payments to the original lender. true false
The homebuyer must continue to make those payments to the original lender. The given statement is false.
A payment is made by one party to another voluntarily in exchange for products or services they have delivered or to satisfy a legal obligation. It can take the form of cash, its equivalent, or other valuables. Payer and payee are terms used to refer to the parties who send and receive payments, respectively. Payers are typically required by law to take the country's legal cash up to a certain amount, but payees are generally free to choose the mode of payment they will accept. If the parties don't agree otherwise, payment is often made in the payee's local currency. A separate foreign exchange transaction is required for payments made in another currency.
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