Bad debt expense for 2022 would be $4,425.
Bad debt expense is the expense incurred by a company when a debtor of the company is unable to fulfuill their obligation to the company.Bad debt expense for Coolwear Inc. would be calculated by = Allowance for Uncollectible Accounts - (Uncollectible Accounts Balance - Accounts Receivable Writeoff).
Bad debt expense = $5,400 - ($1,550 - $575).
= $4,425.
What are examples of bad debt expense?Big Store stops paying its debts and fails to reimburse Company XYZ for goods valued at $100,000. Company labels the $100,000 as a bad debt because it has little faith that Big Store will ever make good on its obligations.Is bad debt expense a liability or expense?As the amount that was anticipated to be paid by the debtor is not recoupable and has a negative impact on the books of accounts by reducing the accounts receivable, bad debts constitute an expense to the firm rather than a liability.Where is bad debt expense on balance sheet?The provision for doubtful debts is shown in the balance sheet immediately below the line item for accounts receivable and is a counter account to accounts receivable, therefore it should always have a credit balance.Learn more about bad debt expense here:
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The country has entered a period of economic growth, but prices are rising too rapidly. To stabilize prices, the Federal Reserve decides to (4 points) Group of answer choices decrease the federal funds rate decrease the reserve requirement raise the discount rate buy more government securities
To stabilize prices, the Federal Reserve decides to Raise the discount rate.
Although the economy of the nation is expanding, prices are increasing far too quickly. The Federal Reserve decides to Increase the discount rate in order to stabilize prices.Economic growth is characterized by an increase in the quantity of goods and services generated per person over time.What is meant by the discount rate?In a discounted cash flow (DCF) analysis, the discount rate is the interest rate that is used to calculate the present value of future cash flows. This aids in determining whether the cash flows from a project or investment will be more valuable than the capital expenditure required to fund it in the present.Why is it called a discount rate?When examining a sum of money that will be received in the future and figuring out its present value, the phrase "discount rate" is employed. The definition of the word "discount" is "to deduct a sum." To determine a future value of money's present value, a discount rate is subtracted.
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Farmer Jones is producing wheat and must accept the market price of $6.00 per bushel. At this time, her average total costs and her marginal costs both equal $5.00 per bushel. Her minimum average variable costs are $3.50 per bushel. In order to maximize profits or minimize losses in the short run, farmer Jones should Multiple Choice
Jones should: d. Continue producing, but reduce output.
reduce output but should continue production.
Total costs and marginal costsThe market price per bushel is higher than average variable cost which means that Jones should continue the production.
Since market price and the and marginal costs per bushels is not the same or equal she should reduce her output because profit maximization requires that marginal revenue and marginal cost to be equal.
Therefore the correct option is D.
The complete question is:
Farmer Jones is producing wheat and must accept the market price of $6.00 per bushel. At this time, her average total costs and her marginal costs both equal $8.00 per bushel. Her average variable costs are $5 per bushel. In order to maximize profits or minimize losses in the short run, farmer Jones should Multiple Choice.
a. increase output
b. increase selling price.
c. produce zero output and close down
d. continue producing, but reduce output.
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Which of the following is NOT a problem caused by monopolies?
Select one:
Low quality
Fewer new products
Poor customer service
More competition
Answer:
Poor customer service
Explanation:
Poor customer service
A problem that is not caused by monopolies is More competition.Thus the correct answer is D.
What is a monopoly?A monopoly refers to a situation when the market of particular goods and services is captured by a single entity or owner and restricts entry by controlling the activities.
They aim at limiting the amount produced for the market, which leads to charging more. This results in cutting back on economic welfare and consumer surplus.
As they are the single seller in the market which shows that there is no competition in the market, who challenges them. The problem of more competition is not caused by monopoly.
Therefore, Option D is appropriate.
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If the number of people seeking to purchase new homes in the area increases at the same time that the prices of lumber and other homebuilding materials increase, then supply and demand analysis predicts that the :
If the number of people seeking to purchase new homes in the area increases at the same time that the prices of lumber and other homebuilding materials increase, then supply and demand analysis predicts that the equilibrium price of new homes will increase but the change in equilibrium quantity cannot be determined from the information given.
When a product is in equilibrium quantity, there is neither a scarcity nor a surplus on the market. When supply and demand cross, the amount of a good that consumers desire to buy is equal to the amount that its manufacturers are supplying.
The only price at which consumer and producer plans coincide is the equilibrium price, which is reached when the quantity sought by consumers and the quantity supplied by producers, respectively, are equal. The equilibrium quantity is the name given to this common quantity.
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The Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day. a. True b. False
The Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day: FALSE
Who is labor?In the economy, labor refers to both the number of employed people and the work they do to produce goods and services. Numerous categories can be used to classify labor. The first is according to skill level; the lowest level is manual labor that doesn't call for special training.What is the Fair Labor Standards Act?A minimum wage and "time-and-a-half" overtime pay are rights established by the Fair Labor Standards Act of 1938, which is codified at 29 U.S.C. 203. These rights apply to everyone working more than forty hours per week. Additionally, it forbids using children for "oppressive child labor."
Therefore, the Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day is FALSE.
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Suppose that you purchased a machine several years ago for your company. You recently sold the machine for more than you paid. This is an example of a Question 24 options: capital carry-forward. non-taxable gain. capital gain. windfall. None of these.
Answer:
I believe its Capital carry-forward
Explanation:
The other options don't make sense
Please help!! This is for economics
Which type of market is the one in which a fast-food company buys the eggs to make a person's favorite breakfast sandwich?
Product market
Factor market
Financial market
Closed market
The market in which the business buys eggs to make the final product that is a sandwich is called as factor market. Thus, Option B is the correct choice.
What is a Factor market?A factor market is a marketplace wherein elements of manufacturing are bought and sold. Factor markets allocate elements of manufacturing, along with land, labor, and capital, and distribute profits to the proprietors of efficient resources, inclusive of wages, and many more.
Therefore, The market in which the business buys eggs to make the final product that is a sandwich is called factor market. Thus, Option B is the correct choice.
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An examination of the public records to determine the relevant documents related to transfers of a property is called
Answer:
Explanation:
A deed. Proof of ownership is evidence that title is marketable.
As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corporation, his liability would be limited to Question 28 options: his ownership percentage of the actual loss. the amount of his investment. nothing at all. what is left after selling the stock and subtracting the debt.
As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corporation, his liability would be limited to the amount of his investment.
What shareholder means?Any individual, business, or organization that has stock in a corporation is a shareholder. A shareholder of a firm may own just one share. As residual claimants on a company's profits, shareholders may be subject to capital gains (or losses) and/or dividend payments.What is shareholder and example?The definition of a shareholder is a person who owns shares in a company. Someone who owns stock in Apple is an example of a shareholder noun. A person who owns one or more shares of stock in a joint-stock company or a corporation.What is the purpose of a shareholder?The shareholders are the company's owners and give financial support in exchange for prospective dividends paid out over the course of the business. There are three ways for an individual or business to become a shareholder in a company by adhering to the company's memorandum at the time of incorporation.
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To protect a trademark against typosquatting, a company should attempt to register potential misspellings of the mark. Group of answer choices True False
True, To protect a trademark against typosquatting, a company should attempt to register potential misspellings of the mark.
Intellectual property (IP) is your proprietary information or the property of your thinking. It could be a design, an innovation, a trademark, or the actual implementation of your concept.The following conditions must be met in order for the promissory estoppel doctrine to be effective:
A specific and definite promise must be made.The promisor should have anticipated the promisee's reliance on it.By doing something or not doing something, the promisee legitimately relied on the promise.What typosquatting mean?Typosquatting, sometimes referred to as URL hijacking, is a type of cybersquatting (residual use of another's trademark or copyright) that preys on Internet users who enter a website address erroneously into their web browser.
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Net sales revenue is $720,000. Beginning and ending net accounts receivable are $62,000 and $58,000, respectively. Calculate the receivables turnover ratio.
Based on the sales revenue and the net accounts receivable, the receivables turnover ratio is 12 times .
What is the receivables turnover ratio?This can be found as:
= Net sales revenue / Average accounts receivable
Solving give:
= 720,000 / (62,000 + 58,000) / 2
= 720,000 / 60,000
= 12 times
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Answer:12 times
Explanation:
What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979
The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.
What is average annual economic growth rate (AAGR) ?The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.
The basic arithmetic mean of a set of returns is used to calculate AAGR.
Calculation for average annual economic growth rate:
Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.
Growth rate = [tex](\frac{last value}{initial value} )^{\frac{1}{n} } -1[/tex]
The last value = $800
The initial value = $400
n = number of years
Growth rate = [tex](\frac{800}{400} )^{\frac{1}{22} } -1[/tex]
= [tex](2)^{\frac{1}{22} } -1[/tex]
= 1.032 - 1
= 0.032
Growth rate % = 0.032×100
= 3.2%
Therefore, the growth rate in Singapore over 22 years are 3.2%.
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hat are the strategically relevant components of the U.S. Retail, Family Clothing Stores industry macroenvironment? 2. What is competition like in the family fashion industry?
The macroenvironmental elements that affect the clothing industry are those that do not belong to small businesses or their competitors.
Customers now have more options to pick from as there are more companies in the fashion sector. The fashion industry has become more competitive as a result of the variety of business models.
The factors which influence fashion are:
Social Factors.Cultural Factors.Political Factors.Environmental Factors.Psychological Factors.The availability of resources, demand, and production are three resource macroenvironmental elements that affect the fashion sector.
A fantastic illustration of monopolistic competition is the fashion business. The fast food and apparel industries are most likely to have perfect competition because, in a fully competitive market, firms are free to enter and leave at any time, and buyers and sellers have complete information about the market and its current prices.
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An earthquake destroys a good portion of the capital stock but does not affect the production function. Capital per worker will _______ in the short run and _______ in the long run. A. decrease, decrease B. decrease, stay the same C. stay the same, decrease D. stay the same, stay the same
The correct option is, (B) decrease, stay the same.
An earthquake destroys a good portion of the capital stock but does not affect the production function. Capital per worker will decrease in the short run and stay the same in the long run.What is earthquake explain?When two chunks of the ground abruptly slide past one another, an earthquake results. The fault or fault plane is the area where they slide.What is earthquake and causes?Sudden movement along Earth's fault lines causes earthquakes.The motion releases "elastic strain" energy that has been accumulated in the form of seismic waves, which travel through the Earth and cause the earth to tremble.What is earthquake and its types?Tectonic, volcanic, collapse, and explosion earthquakes are among the four types of earthquakes. A tectonic earthquake is one that happens when the earth's crust ruptures as a result of geological forces acting on nearby plates and rocks, which change their physical and chemical composition.Learn more about earthquake here:
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Li Meng purchased a property that had been owned by the same man for more than 40 years. The title search was clean. In the spring, she started seeing traffic on the path to her dock and discovered that the previous owner had always allowed the locals to use his path to get to the lake. What covenant may have been breached
The covenant is against encumbrances.
what is an Encumbrance?A claim made against a piece of property by someone who isn't the owner is called an encumbrance.
Encumbrance may affect the property's ability to be transferred and limit its free use until the encumbrance is removed. Real estate is subject to the most prevalent kinds of encumbrances, such as mortgages, easements, and property tax liens.Real estate encumbrances exist in a wide variety of forms due to its numerous applications. Each type is intended to describe precisely what each claim entails—and is entitled to—while also protecting parties.The previous property owner failed to disclose to Li Meng that there was an easement across the property.
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If you work for a company and have a 401(k) retirement account, the account contains money you contributed to your retirement and money contributed by your employer. When you retire, which of the following will these payments be?
A. Welfare payments
B. Pension
C. Transfer payments
D. None of the above
context of Theory Y managers in China, managers who are skilled in the management of people and possessing political and ideological expertise are called
Context of Theory Y managers in China, managers who are skilled in the management of people and possessing political and ideological expertise are called the reds.
People are self-motivated and love the challenge of work, according to theory Y. With this presumption, managers foster a closer working relationship with their staff members and inspire them by giving them the freedom to act independently, take on responsibility, and make decisions.Working hard both physically and mentally comes as naturally to individuals as sleeping or playing. Coercion, control, and punishment threats are important to motivate people to meet organizational goals.What is the Theory Y approach?According to Theory Y, managers should foster an environment at work where workers have the chance to exercise initiative and self-direction. Opportunities for employees to contribute to the success of the company should be provided.
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Which of the following is not a business transaction? a.Erin pays her monthly personal credit card bill. b.Erin purchased hedge trimmers for her lawn service agreeing to pay the supplier next month. c.Erin deposits $15,000 in a bank account in the name of Erin's Lawn Service. d.Erin provided services to customers earning fees of $60
Erin pays her monthly personal credit card bill.
As it is clearly written not a business transaction
A business transaction, in the context of electronic commerce, is any monetary transaction that is made between consumers or businesses via the Internet.
Any transaction which a businessman conduct for personal use is not a business transaction.
What is a Business Transaction ?A business transaction is an economic event with a third party that is recorded in an organization's accounting system. Such a transaction must be measurable in money.
Examples of business transactions are: Buying insurance from an insurer. Buying inventory from a supplier.Learn more about Business Transaction here:
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Desmond has a signed listing agreement with his clients, the Harpers. In exchange for helping the Harpers list, market, and sell their home, the Harpers have agreed to pay Desmond a commission. What type of agreement do Desmond and the Harpers have
A bilateral agreement is the type of agreement that Desmond and the Harpers had.
What is a bilateral agreement?This refers to an agreement enforced by a negotiations between two parties that is established in writing and signed by representatives of the parties.
Hence, as Desmond has a signed listing agreement with his clients and Harpers have agreed to pay Desmond a commission, then, a bilateral agreement has occured.
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The ideal outcome of the _____ process group is to complete a project successfully by delivering the agreed-upon project scope within time, cost, and quality constraints.
The answer is monitoring and controlling.
The Monitoring and Controlling process controls all actions and metrics required to guarantee that the approved and authorized project remains within scope, on schedule, and within budget, allowing the project to proceed with little risk.
The project monitoring and control phase takes place concurrently with that of the execution phase of the project life cycle. Monitoring and managing your project entails actively analyzing the state of your project as it progresses, evaluating any roadblocks, and applying appropriate modifications.
Organizations must balance various duties during this phase, including sticking to the timeline, maintaining under budget, avoiding scope creep, and managing risk. Here's a rundown of the simultaneous activities you'll need to priorities in project management while monitoring and regulating.
Therefore, the blank will be filled by monitoring and controlling.
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Employees at House of Pancakes pretend that they like their boss even though most of the time they do not. These employees are engaging in which form of emotional labor? Group of answer choices deep acting customization surface acting personalization
Although they frequently don't, House of Pancakes employees pretend to like their employer. These workers are performing emotional labor known as surface acting.
When someone engages in surface acting, they don't truly strive to experience the emotions they want to portray; instead, they fake the necessary feelings. They might put on "false smiles" or other necessary emotional displays that don't accurately represent how they really feel.
You are surface acting if you feel one feeling and try to express a different one. Imagine you have a stressful commute and arrive at work. Even though you're still not in a particularly good mood, you might put on a false smile for a coworker as you get your morning brew.
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_____ refer(s) to the annual assessment of the national level of entrepreneurial activity across countries, started as a partnership between London Business School and Babson College.
Global Entrepreneurship Monitor refers (s) to the annual assessment of the national level of entrepreneurial activity across countries, started as a partnership between London Business School and Babson College.
Global Entrepreneurship Monitor (GEM) is a consortium of national country teams, primarily associated with top academic institutions, that carries out survey-based research on entrepreneurship around the world.
The Global Entrepreneurship Monitor was conceived in September 1997 by Michael Hay of London Business School (LBS) and Bill Bygrave of Babson College.
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Given a fixed level of sales and a constant profit margin, an increase in the accounts payable period can result from: an increase in the cash cycle. a decrease in the operating cycle. an increase in the ending accounts payable balance. an increase in the cost of goods sold account value. a decrease in the average accounts payable balance.
an increase in the ending accounts payable balance.
How is the balance of accounts payable determined?The amount that flows to the accounts payable balance on the business's current period balance sheet is represented by the ending balance in the accounts payable (A/P) roll-forward schedule.On a company's balance sheet, accounts payable are listed. Given that it is money owing to creditors and appears on the balance sheet under current liabilities, accounts payable is a liability. Current liabilities are a company's short-term debts, usually lasting less than three months.What Does an Accounts Payable Expense Example Look Like?Logistics and transport.Rough MaterialsFuel, power, and energy.Products and apparatus.Leasing.Licensing.Assembly and subcontracting serviceslearn more about ending accounts payable balance here
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A cost that results from an organization's ownership or use of facilities and its basic organization structure is a(n) ______ cost.
A cost that results from an organization's ownership or use of facilities and its basic organization structure is a committed cost.
What is the Committed Cost?A committed cost is speculation that a business substance has proactively made and can't recuperate using any and all means, as well as commitments previously made that the business can't escape. One ought to know which expenses are committed costs while investigating organization uses for potential reductions or resource deals.Committed costs are fixed or planned or affirmed installments to be made in the future to the merchants for labor and products to be taken, which are vital for the smooth progression of the business and the shortfall of which might upset the principal tasks of a business which might soundly affect the organization.To learn more about Committed costs refer to:
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23. In the emergency planning process outlined in CPG 101, generating, comparing, and selecting possible courses of action to achieve desired outcomes is part of:
In the emergency planning process outlined in CPG 101, generating, comparing, and selecting possible courses of action to achieve desired outcomes is part of Develop the Plan.
What is the CPG 101?Federal Emergency Management Agency (FEMA) guidance on the principles of planning and creating emergency operations plans can be found in Comprehensive Preparedness Guide (CPG) 101. (EOP). EOPs are linked to planning initiatives in the fields of prevention, protection, response, recovery, and mitigation, as demonstrated by CPG 101.What does an emergency operations plan include?What the institution or organization will do in the event of a disaster is specified in the emergency operations plan (EOP) (incident command implementation, command center location and activities, specific plans by department, etc.).What is emergency action plan?Faculty, staff, and students are informed about emergency protocols and policies through the EAP. Employees, their designated representatives, and any OSHA officials who desire to see it have access to this documented plan upon request.Learn more about CPG 101 here:
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Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called.
Answer:
Frictional unemployment
Explanation:
Frictional unemployment is unemployment due to the time it takes to match employees with jobs
Keynes disagreed with the classical perspective and argued that changing _______ would cause a decline in investment when consumer sales decrease.
Keynes disagreed with the classical perspective and argued that changing expectations would cause a decline in investment when consumer sales decrease.
What is the expectation?An expectation is emotional anticipation or conviction about a future event that might occur. We anticipate this potential type of fake reality coming to pass in our life.Expectations might come from other people, things, or anything else that is a factor external to our true selves.What are investments?Investment is the commitment of a resource to a long-term increase in value. Investment necessitates the loss of a current resource, such as time, money, or effort. In the world of finance, investing is done in order to profit from the asset being put to use.Therefore, Keynes disagreed with the classical perspective and argued that changing expectations would cause a decline in investment when consumer sales decrease.
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A young couple has a minimal down payment. They anticipate periodic salary increases in the future. Which type of loan would be most appropriate for them to use when buying a home
The type of loan would be most appropriate for them to use when buying a home is a mortgage loan.
How to depict the information?From the information given, the young couple has a minimal down payment and they anticipate periodic salary increases in the future.
Therefore, the type of loan would be most appropriate for them to use when buying a home is a mortgage loan.
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What is the highest possible credit score on the FICO scale
Answer:
850
Explanation:
It's considered the unicorn of the financial world: a perfect credit score, the highest number a consumer can achieve within a credit scoring system. For the FICO® Score☉ , one of the most commonly used credit scoring models, that mythical and seemingly impossible figure is 850. (FICO® Scores range from 300 to 850.)
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 990 $ 7.27 Mar. 10 Purchase 520 7.77 Mar. 16 Purchase 426 8.37 Mar. 23 Purchase 500 9.07 Marvin sold 1,830 units of inventory during the month. Ending inventory assuming FIFO would be:
Ending inventory assuming FIFO would be $4,810.42
Step 1Cost of goods sold= Beginning Inventory + Purchases = Cost of Goods Available for sale
Cost of Goods Available for sale -- Ending Inventory= cost of goods sold
Step 2990× 7.27= 7,197.3$
520× 7.77= 4,040.4$
426× 8.37= 3,565.6$
500× 9.07= 4,535$
total= 19,338.3$
⇒19,338.3/2,436 =7.938
Step 32,436-- 1,830 =606
⇒606×7.938= $4,810.42
Ending inventory=$4,810.42
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