Other Receivables
Notes Receivable
Other Receivables
Account Receivable
Other Receivables
Other ReceivablesAnswer:
Explanation:
Answers are,
a. Loaned a company officer $5,000 - Other Receivables
b. Accepted a $3,000 promissory note from a customer as payment on account. - Notes Receivable
c. Determined that a $10,000 income tax refund is due from the IRS - Other Receivables
d. Sold goods to a customer on account for $4,000 - Accounts Receivable
e. Recorded $500 accrued interest on a note receivable due next year - Other Receivables
f. Advanced $1,400 to a trusted employee - Other Receivables
Accounts receivable are line items or a group of line items that appear as assets on an organization's balance sheet. It's the money a company's clients owe for services they've received by haven't paid for yet . For example, when a customer purchases products or services on credit, the amount they owe gets added to the company's accounts receivable. Whereas,
Notes receivable are underlying promissory note that details the terms of payment for a purchase between a company and a customer. Most often, notes receivable appear when a client needs more time to pay for a sale than the conventional billing terms. Agreeing for a slower payment, the company charges interest and requires a signed promissory note for legal purposes.
And, Other receivables include money owed from non-trade activities. Usually, these include small amounts that companies cannot disclose as separate items.
To know more about receivables:
https://brainly.com/question/14032135
#SPJ2
In addition to the UFMIP (up-front mortgage insurance premium), the owner-occupant borrower who decides to use an FHA mortgage loan will normally pay an additional annual mortgage insurance premium (MIP) that depends on the loan-to-value ratio and the term of the loan. As of 2019, the MIP ranged from ____________ percentage of the average annual loan balance
As of 2019, the MIP ranged from 0.8 percent to 1.05 percent of the average annual loan balance.
This is usually based on the MIP on a 30-year loan range. Alternatively, the MIP ranges between $800 to $1,050 for every $100,000 borrowed.
The exact amount of MIP to be paid by borrowers depends on the actual amount borrowed and the down payment or equity made.
MIP stands for Mortgage insurance premiums which the Federal Housing Administration mortgage borrowers pay.
Hence, in this case, it is concluded that the correct answer is 0.8 percent to 1.05 percent.
Learn more here: https://brainly.com/question/22490844
When presenting a business plan to a potential investor ,how does Dr Hornsby recommend handling any weaknesses you or your business may have
In order to handle weaknesses that a business may have, Dr. Hornsby stated that the person should be honest about the weaknesses.
According to Dr. Hornsby, the person should be honest about their weaknesses. He stated that one should be upfront to the potential investor and explain how the issue will be addressed.
He stated that it's the best way because someone can assist by figuring out how to deal with the threats and weaknesses. It should be noted that the longer one hides the problem, the worse it'll develop until the person can't handle the pressure.
Read related link on:
https://brainly.com/question/25309113
When a serious customer injury occurs due to product contamination, you need to make contact with your DL and QA within
Serious injuries due to product contamination need to be reported within a day or 24 hours to DL and QA
Product contamination occurs as a product is in contact with a chemical, bacteria, fungi, etc., or any other substance that is not part of the regular composition of the product.
Product contamination is a serious issue that can lead to disease, accidents, and even death. Due to this, if product contamination occurs and this causes an injury this needs to be reported as soon as possible, usually within 24 hours.
This is important because the company that produces the product can:
Provide a solution or compensation to victims.Find the cause of contamination.Prevent serious injuries in other users.Moreover, this should be reported to areas such as Quality Assurance (QA) that verify the quality of products.
Learn more in: https://brainly.com/question/2600140
Which of the following types of business ownership has the highest personal liability risk?
A.
A partnership
B.
A sole proprietorship
C.
A C corporation
D.
An LLC
Answer:
A C corporation
Explanation:
Answer:
A.partnership
I have picked out A because in a partnership business,one is responsible for the progress of the business and when the business is in debts,he can even sell his personal property to cover up the loss made
_________ Refers procedures that connect to the work activities of the different work divisions or units of the firm in order to achieve its overall goal
Answer:
Organizing
Explanation:
Organizing involves coordinating and allocating a firm's resources so that the firm can carry out its plans and achieve its goals. This organizing, or structuring, process is accomplished by: Determining work activities and dividing up tasks (division of labor) Grouping jobs and employees (departmentalization
Newton Company has the following accounts in its general ledger at July 31: Accounts Receivable $40,000 and Allowance for Doubtful Accounts $2,500. During August, the following transactions occurred. Oct. 15 Sold $15,000 of accounts receivable to Fast Factors, Inc. who assesses a 3% finance charge. 25 Made sales of $800 on VISA credit cards. The credit card service charge is 2%.
Based on the transactions that occurred on Aug. 15 and Oct. 25 the appropriate journal entries for Newton Company are:
Aug. 15
Debit Cash $14,550
($15,000×97%)
Debit Service Charge Expense $450
($15,000×3%)
Credit Accounts Receivable $15000
Oct. 25
Debit Cash $784
($800×98%)
Debit Service Charge Expense $16
($15,000×2%)
Credit Sales Revenue $800
Learn more here:
https://brainly.com/question/23530605
Suppose you are the Hiring Director for a local computer software design firm. Your company has experienced significant growth over the last two quarters and as a result, your company will be hiring for 30 new positions in the next several months. The Vice President of Human Resources feels this is a perfect opportunity to incorporate unconscious bias training at your company as managers from several departments will be interviewing and hiring candidates for the new positions. Your company, unfortunately, suffers from a lack of diversity especially among the engineering, coding, and designing positions. She has asked you to conduct this training for the department managers in advance of any interviews being conducted.
As the hiring director, which of the following are effective in removing bias from the recruiting, interviewing, and hiring process?
A) Final hiring decisions can be made individually as long as the manager has followed a set of criteria in evaluating the candidate
B) Remind managers that their first or "gut" instinct is often the right choice
C) Final hiring decisions should be made by a hiring committee consisting of three or more department managers
D) Make department managers aware that unconscious bias exists
As a hiring director, it is effective to remove bias from the recruiting, interviewing, and hiring process by making department managers aware that an unconscious bias exists.
It is also effective to eliminate bias by having final decisions made by a hiring committee composed of three or more department managers.
Thus, the recruitment and selection process would be based on multiple views and not on the individual view of a single manager, which can reduce individual prejudices and thus increase diversity.
Awareness that bias exists is also the first step in identifying and solving the problem, providing specific training and guidance for more effective hiring.
A diverse work environment is essential for a company to be more innovative and creative, with professionals with different experiences and visions to enrich work processes and organizational culture.
Learn more here:
https://brainly.com/question/12672701
Managerial accounting is different from financial accounting in that:
a. Managerial accounting is more focused on the organization as a whole, while financial accounting is more focused on projects, processes, and divisions of the organization.
b. Managerial accounting never includes nonmonetary information.
c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.
d. Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.
e. Managerial accounting is structured and controlled by GAAP.
Managerial Accounting is different from Financial Accounting in that c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.
The differences between Managerial Accounting and Financial Accounting do not arise because of Managerial accounting:
Focuses on the organization while financial accounting focuses on projects, etc.Never includes non-monetary information; it includes non-monetary information than financial accountingUsed by investors, while financial accounting is used by creditorsStructured and controlled by GAAP.
Thus, the difference between the two is that Financial accounting is structured and controlled by GAAP and used by investors and creditors. Managerial accounting is not structured by GAAP and is used by management in decision-making.
Learn more: https://brainly.com/question/13592085
Business plan are also called ROAD MAPS; it’s possible to travel without one, but it will only increase the likelihood of getting lost along the way. Explain to correct answer.
A/An ____________ tone of voice will help customers feel confident that you’re there to help. A.Superior B.indifferent C.monotone D.Enthusiastic
Answer:
D
Explanation:
enthusiastic it makes customers feel like you care
pls mark brainliest
Hugh has experience as a firefighter and a degree in chemistry. What company might be interested in hiring Hugh
Considering Hugh's experience as a firefighter and a degree in chemistry, the company that might be interested in hiring Hugh is "Fire Protection System Suppliers."
This is because Fire Protection System Suppliers are the companies that provide, manufacture or sell fire fighting products and equipment.
With his knowledge of chemistry, Hugh would understand and know the right chemical and equipment to use in fighting fire faster.
Some of the Fire Protection System Suppliers in the United States include the following:
Koetter Fire Protection, Amerex Corp., Telgia, USA Fire Protection, etc.
Hence, in this case, it is concluded that the correct answer is Fire Protection System Suppliers.
Learn more here: https://brainly.com/question/14657395
Answer: A State Agency Looking For A Fire Inspector
Explanation: i just took a quiz and that was the right answer
Concord sells softball equipment. On November 14, they shipped $ 3070 worth of softball uniforms to Palos Middle School, terms 2/10, n/30. On November 21, they received an order from Tinley High School for $ 1630 worth of custom printed bats to be produced in December. On November 30, Palos Middle School returned $ 320 of defective merchandise. Concord has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of November 30
The amount to be recognized as net accounts receivable on the balance sheet as of November 30 is $2,750.
2/10, n/30 means that the buyer will eligible to take 2% Discount if he pays the invoice within 10 days and if buyer does not pay the amount within 10 days, then, the net amount is due within 30 days after sales invoice date.
Also, Lifetime receives orders from Tinley High School for $1,200 worth of custom. Therefore, nothing is sold and nothing is advance.
Therefore, Lifetime records will be recognized as Net accounts receivable on the balance sheet as of November:
= Sales - Sales Return
= $3,070 - $320
= $2,750
Therefore, the amount to be recognized as net accounts receivable on the balance sheet as of November 30 is $2,750.
See similar solution here
brainly.com/question/15586277
why is the task of pricing extremely difficult
if the natural rate of unemployment is 5%, what is the total rate of unemployment if output is 2% below potencial output?
The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory, 7/1/2020 32,000 Sales revenue 380,000 Sales returns 12,000 Purchases 240,000 Purchase discounts 6,000 Purchase returns 10,000 Freight-in 17,000 In addition, you determine that the June 30, 2021, inventory balance is $40,000. Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2021.
The cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.
Using this formula
Cost of goods sold=Beginning Inventory+ Net purchases- Ending Inventory
Where:
Beginning Inventory=$32,000
Net purchases=($240,000-$6,000-$10,000+$17,000)=$241,000
Ending Inventory=$40,000
Let plug in the formula
Cost of goods sold=$32,000+$241,000-$40,000
Cost of goods sold=$233,000
Inconclusion the cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.
Learn more here:
https://brainly.com/question/15708509
The people who live on Shangri-La Island consume only rice and fish. Last year, which was the reference base year, the price of rice was $ a pound, the price of fish was $ a pound, and the average urban household spent $ on rice and $ on fish. This year, the price of rice is $ a pound and the price of fish is $ a pound. What is the CPI in the current year?
The CPI in the current year is 226.9.
The consumer price index measures how the cost of a basket of goods in a given economy has changed over a given period of time. Changes in the cost of the basket of good occurs as a result of inflation.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
The basket of goods for the people of Shangri-La Island are fish and rice. The cost of a basket of good = average amount spent on fish + average amount spent on rice
Cost of basket of goods last year = $20 + 6 = $26
Cost of basket of goods this year = (price of fish this year x quantity of fish bought) + (price of rice this year x quantity of rice bought)
($7 x 2) + ($9 x 5) = $59
CPI in the current year = ($59 / $26) x 100 = 226.9
Please find attached the complete question. To learn more about, consumer price index, please check: brainly.com/question/3870930?referrer=searchResults
Sylvia is a budget analyst for the state of Kentucky. her job is to look over the state government's spending and suggest and suggest ways to save on government funds. What education might have been appropriate for Sylvia to qualify for this position
There is various education that might have been appropriate for Sylvia to qualify for this position. One of the education includes Bachelor's Degree in Public Administration.
Other education that might have been appropriate for Sylvia to qualify for this position includes the following:
Minimum of Bachelor's Degree in Business, Finance, Accounting, Economics, Actuarial Science, Statistics, Applied Mathematics, etc.
This is because the ability to prepare budget analysis would require Sylvia to possess numeracy and analytical skills at a degree level.
Regardless of the degree, he must hold, Sylvia is expected to have passed coursework in accounting, economics, statistics, etc.
Hence, in this case, it is concluded that Sylvia must have studied business and finance-related courses.
Learn more here: https://brainly.com/question/19107339
Answer:
bachelor’s degree in accounting
Answers to the whole thing (edmentum)
1. reggie = therapist services
2. paul = c
3. benji = d
4. tara = c
5. abe = a
6. benji = a
7. carlos = b
8. two carpenters = c
9. sam = c
10. liz = b
11. sharron = a
12. latasha = a
13. hugh = b
14. kenneth = a
15. jaylene = b
16. sean = b
17. even though = true
18. tasha = b
theres more so try your best:))
Pedro sells investment land on September 1, 2019. Information pertaining to the sale follows: Adjusted basis $25,000 Selling price 90,000 Selling expenses 1,500 Down payment 12,000 Four installment payments 15,000 Mortgage assumed by the buyer 18,000 Required: Each installment payment is due on September 1 of 2020, 2021, 2022, and 2023 (ignore interest). Determine the tax consequences in 2019, 2020, 2021, 2022, and 2023. (Do not round intermediate calculations. Round your final answers to nearest whole dollar value.)
The tax consequence in 2019 is $10584 while the tax consequence from 2020 to 2023 will be $13229.
Bases on the information given, the realized gain will be:
= $90000 - $25000 - $1500
= $63500
The gross profit percentage will be:
= 63500/(90000 - 18000) × 100
= 63500/72000 × 100
= 88.19%
The tax consequence in 2019 will be:
= $12000 × 88.19% = $10584
The tax consequence in 2020 will be:
= $15000 × 88.19% = $13229
The tax consequence in 2021 will be:
= $15000 × 88.19% = $13229
The tax consequence in 2022 will be:
= $15000 × 88.19% = $13229
The tax consequence in 2023 will be:
= $15000 × 88.19% = $13229
Read related link on:
https://brainly.com/question/25301019
Five fishermen live in a village and have no other employment or income-earning possibilities besides fishing. They each own a boat that is suitable for fishing but which has no resale value. Fish are worth $5 per pound, and the marginal cost of operating the boat is $500 per month. The fishermen all fish a river next to the village. According to the following schedule, the fishermen have determined that, when there are more of them out on the river fishing, they each catch fewer fish per month.
Boats Fish Caught per Boat (pounds)
1 200
2 190
3 175
4 155
5 130
If each fisherman acts in his own best interest, will he continue to operate his boat each month? Why or why not?
Answer:
Answer : Per boat operating cost = $500 per month.
Price of fish = $5 per pound.
There are 5 fishermen and each fisherman has 1 boat.
Explanation:
sorry its too short my brain is ded xD
Each fisherman will continue operating their boat each month despite decreased fish catches, as the positive profits outweigh having no income.
Profit = (Fish Caught per Boat × Price per Pound) - Marginal Cost
Fisherman 1: Profit = (200 × $5) - $500 = $500
Fisherman 2: Profit = (190 × $5) - $500 = $450
Fisherman 3: Profit = (175 × $5) - $500 = $375
Fisherman 4: Profit = (155 × $5) - $500 = $275
Fisherman 5: Profit = (130 × $5) - $500 = $150
Each fisherman will continue operating his boat each month even though there are more fishermen using the river, catching fewer fish per boat because the positive profits from fishing ($5 per pound) outweigh the marginal cost of boat operation ($500 per month) ensuring some income.
learn more about Profit here
brainly.com/question/34892562
#SPJ3
A local government began the year with a portfolio of securities with an historical cost of $1,200 and a fair value of $1,240. During the year the government acquired an additional security at a cost of $260 and sold for $200 a security that had an historical cost of $172 and a fair value at the beginning of the year of $190. At the end of the year, the securities portfolio had a fair value of $1,330. The amount that should be recognized on the financial statements for the year as investment income is:________
what role do manager's play In the cooperative
Answer
organizing, directing, coordinating, and controlling.
Explanation:
The manager is responsible for the overall operation of the cooperative, as delegated by the board, relating to the management functions of planning, organizing, directing, coordinating, and controlling.
I really hope it helped
A firm can establish a sustainable competitive advantage over competitors if:
Answer:
it provides its customers benefits similar to its competitors but at a lower price
Explanation:
N/A
A firm can establish a sustainable competitive advantage over competitors if they are outperforming another contender.
What is firm?When a business offers its clients advantages similar to those of its rivals but at a cheaper cost, it has an edge over its competitors. This is caused by the fact that all creates its goods at a considerably lower price than its rivals.
When a company consistently beats its rivals, it would have a competitive edge. By offering products that are comparable to those of its opponents at a cheaper cost, a business might obtain an edge over its competitors.
When a company consistently beats its rivals, it would have a competitive edge. By offering products that are comparable to those of its opponents at a cheaper cost, a business might obtain an edge over its competitors.
Learn more about firm, here:
https://brainly.com/question/29482295
#SPJ2
Joie de Vivre has been successful at motivating employees, which can be shown using the four indicators of motivation as outlined in the chapter. of these indicators,____ is the one that helps determine the degree to which employees will support the company and its mission.
A. rootedness
B. commitment
C. satisfication
D. comprehension
E. engagement
If Joie de Vivre has been successful at motivating employees, which can be shown using the four indicators of motivation as outlined in the chapter. of these indicators,____ is the one that helps determine the degree to which employees will support the company and its mission: B. commitment
Commitment has do with showing support or been committed by showing supports towards the success of the company or organization.
To be committed at a work place shows that you are devoted to the company and you want the aims and objective of the company to be realistic.
When an employee is committed to their job it means employee is passionate about their job as well as the mission of the company because a committed employee will always support the company.
Such an employee are often exceptionally good when carrying out the tasks or assignments assign to them because they have company best interest in mind.
Inconclusion commitment is the one that helps determine the degree to which employees will support the company and its mission.
Learn more here:
https://brainly.com/question/14984101
The following statement is TRUE about Lean A. Lean will cost a lot of money to introduce in an organization. B. Lean can only be applied in certain types of businesses. C. Just-In-Time is when parts/supplies arrive at the last possible moment. D. Lean is all about cost-cutting and results in much of the workforce getting fired. E. When we remove waste from a process, we are left with value-added activities. This enables us to produce more in less time while actually doing the value-added work slower.
Lean manufacturing is basically a production method with major aim of reducing times within the system and response times from suppliers or customers.
Some of the advantage of Lean management includes:
It help eliminates wasteIts results to worker Satisfaction. ... Its encourage Just in Time practice Its helps gain competitive advantageTherefore, Lean management encourages Just-In-Time practice where parts/supplies arrive at the last possible moment, helps to remove waste from a process and enables production of more in less time
In conclusion, Option C, E and F is correct and includes statement that is true about Lean management
Learn more about Lean Management here
brainly.com/question/24917186
What is the rate of interest if your money doubles every 6 years? This is also known as Rule of 72.
Answer:
about 12 percent
Explanation:
What principle of corporate governance requires companies to operate in ways that respect the social and legal relationships they have with employees and creditors, among others?
A. Interests of other stakeholders
B. Integrity and ethical behavior
C. Integrity and ethical behavior
D. Disclosure and transparency
Answer:B
Explanation:
Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. Based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit. With annual overhead costs and operating expenses amounting to $145,000. Jamie expects a profit margin of 20 percent. This margin is 5 percent larger than that of her largest competitor, Apps, Inc.
Suppose that Jamie’s estimated selling price is lower than originally projected during the first year. How much revenue would she need in order to earn:
Positive accounting profits?
Positive economic profits
Answer:
Accounting costs = $145,000 (annual overhead costs and operating expenses)
Implicit cost = $75,000 (Value of Salary Given Up)
Opportunity cost = $220,000 (Accounting Costs + Implicit Costs)
Revenue needed to earn positive accounting profits = at least $145,000 (more than accounting costs)
Revenue needed to earn positive economic profits = at least $220,000 (more than opportunity cost)Explanation:
WHY 19/20? I think 19-20/(19+20)/2
Answer:
19-20÷(19+20)÷2=-1÷156
Explanation:
(19-20÷(19+20))÷2
(-1÷39)÷2
=-1÷156
Scenario: Marsha Jones is a recent college graduate. She worked during college and managed to save $2,000 in her savings account. The balance of her checking account (cash) is $440. During her freshman year, Marsha used a credit card and now owes $1,250 to that credit card company. She has two school loans: one for $5,000 and the other one for $3,000. She also has a car loan that started out at $12,500, which she now owes $4,600.
Use this information to make in Marsha's Balance Sheet.
Marsha's Balance Sheet shows that she owes more money than she has.
The balance sheet is an economic term that refers to the graph or method to know the economic status of a person.
The most basic way to do a balance sheet is by including debts (liabilities) and income (assets).
This information is useful for a company or an individual to modify their economic practices in case they are spending more money than they are earning.
In this case, Marsha has more debts than the money she has, so she should worry about not acquiring services or goods on credit because she will not have enough money to pay.
Learn more in: https://brainly.com/question/22810061
All of the following indicate a possible pest infestation EXCEPT:
Dust underneath a storage shelf
Shredded paper towels in a corner of the dry storage area
Egg casings behind the refrigerator
Gnaw marks on a trash can
dust underneath a storage shelf
Statement that doesn't gives indication of pest infestation as regards this question is A: Dust underneath a storage shelf.
Pest infestation can be regarded as the presence of an unusually large number of insects in place They usually cause damage or disease and it is a result improper management of a place in an healthy way.Some of the activities that can cause this at home are Egg casings behind the refrigerator which can invite pest.Another one is Gnaw marks on a trash can.Therefore, option A is correct.
Learn more at:
https://brainly.com/question/3842535?referrer=searchResults